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Middle East & Africa


South African shares edge higher, market watches platinum talks JOHANNESBURG: South African shares barely closed in the black on Wednesday as investors awaited the outcome of the latest round of negotiations to end the country's longest-running platinum sector strike.Newly installed mining minister Ngoako Ramatlhodi said he hoped the five-month stalemate between miners and their employers could end this week, but even his optimism failed to lift prices for producers Impala and Lonmin."People are just waiting for what is coming with the miners. There is talk that government is going to be jumping in and you've got wage offer from government at the moment," said Brandon Sacks, a trade at Avior Research.The market was also watching for signs of some form of monetary stimulus from the European Central Bank meeting on Thursday in response to the region's low inflation and sluggish growth, he said.The Top-40 index was up 0.02 percent to 44,985.86 and the All-share added 0.05 percent to 49,960.21.South ...

ECB, China support emerging markets; Qatar, UAE fall on debut LONDON: Qatari stocks fell 1 percent on Monday as the country debuted in MSCI's mainstream emerging index, though firmer Chinese data and expectations of euro zone policy easing lent support to broader emerging market assets.Qatar and United Arab Emirates, the two best performers this year in MSCI's frontier index, are now classed as emerging markets with index weightings of 0.53 percent and 0.64 percent respectively - larger than Egypt, Hungary or Peru.While UAE stocks fell, ...
South Africa's rand eases, investors brace for weaker GDP JOHANNESBURG: South Africa's rand weakened slightly against the US dollar on Monday, opening the week on the back foot as investors analysed President Jacob Zuma's new cabinet and ahead of expected weaker economic growth data in the next session. Zuma announced his new team for his second five-year term on Sunday, appointing former deputy finance minister Nhlanhla Nene as finance minister, while Pravin Gordhan moved to handle local government. "The local cabinet is mostly business ...
Nigerian stocks rally to 3-1/2 month high LAGOS: The Nigerian share index rose 1.81 percent on Friday to edge close to a 3-1/2 month high, lifted by strong gains in the oil and gas sector and heavyweight Dangote Cement. The index of Nigeria's top five oil and gas firms climbed 7.27 percent, helping the all-share index rise above 40,000 points, a level last seen in February. Dangote Cement, which accounts for around a third of the stock market's total value, rose 4.05 ...
Dubai jumps as Emaar surges to 6-year high DUBAI: Dubai's bourse led gains in the Gulf on Sunday as investors launched a fresh rally and shares in developer Emaar Properties surged to a six-year high.Emaar gained 6.3 percent to 10.45 dirhams, the level last seen in May 2008, on increased volume and helped Dubai's benchmark jump 3.3 percent, also the highest level since 2008.Dubai's largest-listed company launched a 66-storey residential tower in Downtown Dubai on Sunday, and announced sales for the development would ...
South African stocks hit life highs, Abil falls on profit warning JOHANNESBURG: South African shares surged to life highs on Friday spurred on by the fastest growth in US job growth data in more than two years, but African Bank took a divergent path, falling precipitously after warning of a half-year loss. South Africa's biggest unsecured lender flagged it would swing to a first-half loss of $315 million after it booked higher non-performing loans and set aside more money to cover future bad debt. Johannesburg's benchmark ...
Libya to resume Zueitina oil exports as force majeure ends TRIPOLI: Libya's National Oil Corporation is to resume exports from Zueitina port after declaring an end Tuesday to a force majeure imposed on the terminal blocked by rebels for nine months."NOC has announced the lifting of the state of force majeure at the port of Zueitina" which has an export capacity of 100,000 barrels per day (bpd), the company said on its website.The measure was imposed in August to clear NOC of any liability for ...


Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln