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Murray & Roberts offers $407mn for Clough JOHANNESBURG: South African construction firm Murray & Roberts said on Tuesday it plans to buy all the shares it does not already own in Australia's Clough Ltd for A$449 million ($407 million) in cash.Murray & Roberts, which owns 61.6 percent of Clough, said it was offering A$1.46 a share, a premium of 30.9 percent over Clough's closing price on Tuesday.Copyright Reuters, 2013 ...

Egypt stocks soar to 3-week high after army ultimatum CAIRO: Egyptian shares surged to a three-week high on Tuesday and the currency strengthened a day after the armed forces gave Islamist President Mohamed Mursi a virtual ultimatum to share power.Local investors believe army intervention in the political crisis could help put an end to 30 months of instability that has frightened away investors and tourists and drained the country's finances.Nationwide protests against Mursi prompted the army to tell feuding politicians they had 48 hours ...
Waha Capital buys stake in healthcare firm ABU DHABI: Abu Dhabi investment firm Waha Capital said on Sunday it had invested an undisclosed amount in a newly established healthcare group in the United Arab Emirates through majority stakes purchased in some of its hospital and laboratory assets.Waha, whose shareholders include Abu Dhabi government entities, said the investment in Dubai-based Anglo Arabian Healthcare (AAH) would help to support the healthcare firm's expansion plans in the next five years.Healthcare businesses in the Gulf region ...
US stocks bounce higher on open NEW YORK: US stocks bounced sharply higher in opening trade Wednesday, rebounding from the prior day's sell-off amid market volatility over concerns about central banks' stimulus plans.Five minutes into trade, the Dow Jones Industrial Average jumped 103.30 (0.68 percent) to 15,225.32, looking to snap its two-day losing streak.The broad-based S&P 500 rose 10.83 (0.67 percent) to 1,636.96, while the tech-rich Nasdaq Composite Index added 18.86 (0.55 percent) at 3,455.80."There isn't any continuity to the market's ...
South Africa stocks extend losses, down 3pc JOHANNESBURG: South Africa's benchmark share index tumbled 3 percent on Tuesday, as investors hammered everything from mining companies to banks in a global sell-off of emerging market assets.The benchmark Top-40 index was down 2.9 percent at 35,439.95 at 1123 GMT, putting it on track for its biggest one-day drop since late 2011.Copyright Reuters, 2013 ...
Kenyan stocks snap gaining streak as investors book profit NAIROBI: Kenya's benchmark share index fell for the first time in five sessions as investors took profits after it touched the psychological 5,000 points resistance level, traders said.The shilling ended steady against the dollar. "After the post-election rally, every time we touch the 5,000 mark profit-takers hit the market," said Rufus Mwanyasi, an analyst at Tsavo Securities.The benchmark NSE-20 share index fell 0.4 percent to 4,986.93 points.Kenyan shares have rallied 21 percent so far this ...
Kuwait drops most in 7 months; regional markets mixed DUBAI: Kuwait's bourse suffered its largest one-day drop in seven months on Sunday in a profit-taking move analysts said was long overdue, while UAE markets extended their bullish run and other regional exchanges were mixed.Kuwait's index lost 3 percent, down for a third session since Tuesday's 53-month peak and its biggest daily decline since October 2012."It was panic selling today rather than structured profit-taking but, nevertheless, it's a long overdue corrective move," said Fouad Darwish, ...

 



 
Index Closing Chg%
Arrow DJIA 17,071.22 0.25
Arrow Nasdaq 4,505.85 0.14
Arrow S&P 1,977.80 0.25
Arrow FTSE 6,646.60 0.04
Arrow DAX 9,422.91 0.71
Arrow CAC-40 4,358.07 0.83
Arrow Nikkei 16,310.64 0.50
Arrow H.Seng 23,229.21 1.90
Arrow Sensex 26,597.11 0.11





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln