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Gulf markets drop as US oil hits 6-year low DUBAI: Stock markets across the Gulf fell sharply on Wednesday after U.S. crude futures dropped to a fresh six-year low and Brent oil also edged down.US oil futures dropped about 3 percent and traded just above $42 per barrel on Wednesday after crude inventories rose by 10.5 million barrels to 450 million in the week to March 13, according to data from the American Petroleum Institute.Official inventory data will be issued later on Wednesday by the US Energy Information Administration (EIA). Brent crude edged down towards $53 per barrel.Dubai's index fell 3.6 percent by Wednesday's close to a 10-week low of 3,408 points. All major stocks fell sharply, and only a handful of small-caps closed higher.Abu Dhabi lost 1.2 percent and Qatar's bourse dropped 2.2 percent in similarly broad sell-offs.The main index in Saudi Arabia, which has the heaviest weighting of petrochemicals among the Gulf markets, traded 3.5 percent lower. ...

South African stocks edge up, Lonmin soars on upgrade JOHANNESBURG: South African stocks edged higher on Tuesday after a banking recommendation upgrade on Lonmin restored some confidence in the recently battered mining sector. Emerging market stocks were broadly firmer as speculation the US Federal Reserve will raise interest rates soon waned.The blue-chip JSE Top-40 index was up 0.14 percent at 46,269 points and the broader All-share index gained 0.3 percent to 52,300. Both indices dropped nearly 3 percent last week, their biggest weekly fall ...
Weak oil weighs on Gulf markets; Q4 hopes support Egypt DUBAI: Most Gulf stock markets slumped on Tuesday as oil extended its slide, while Egypt stabilised after a profit-taking bout.Brent crude fell towards $53 per barrel to trade at its lowest level since early February as concerns mountedover a growing supply glut.Saudi Arabia's stock index dropped 1.4 percent as petrochemicals giant Saudi Basic Industries (SABIC) slid 4.1 percent to 87.25 riyals in heavy trade. The stock came under strong selling pressure after falling below 90 ...
Saudi Arabia stock extends losses, Egypt edges up DUBAI: Saudi Arabia's bourse pulled back further while Egypt stabilised in early trade on Tuesday after heavy profit-taking hit both markets in the previous session.Saudi Arabia's main index fell 1.1 percent as petrochemical giant Saudi Basic Industries dropped 3.5 percent. The benchmark, which leads gains among major Middle East markets this year, dropped 2.0 percent in the previous session.But PetroRabigh jumped 2.4 percent after the firm said it had signed loans worth around 19.4 billion ...
South African stocks rebound from biggest weekly drop of 2015 JOHANNESBURG: South African stocks ended higher on Monday as traders chased after bargains after the main indices suffered their biggest weekly drop of the year in the previous week.The blue-chip JSE Top-40 index was up 0.72 percent to 46,202 and the broader All-share index rose 0.66 percent at 52.139.Both indices dropped nearly 3 percent last week, their biggest weekly fall since the middle of December last year amid growing views that the U.S. could raise ...
Saudi Arabia's index slumps to 2-week low as oil extends drop DUBAI: Saudi Arabia's stock index posted its biggest single-day loss in two months on Monday as oil prices extended their slide.The benchmark dropped 2.0 percent to a two-week low of 9,438 points in a broad sell-off. The petrochemicals sector fell 2.6 percent.The earnings of petrochemicals producers, which constitute the biggest sector on Saudi Arabia's stock market, have been hit hardest by oil's sustained fall as their sales prices are often linked to petrochemicals prices.Also, Saudi ...
Gulf stock drops, following oil; Egyptians book profits DUBAI: Gulf stock markets, including the previously resilient Saudi Arabia, extended losses alongside oil on Monday, while Egypt dropped on profit-taking after a strong run and ahead of a fresh public offer of shares.Brent crude fell to around $54 a barrel, its lowest for more than a month, on rising global inventories and signs of a possible nuclear deal with Tehran that could allow more Iranian oil exports.Saudi Arabia's stock index posted its biggest single-day ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln