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Middle East & Africa


Gulf markets edge up after sharp drops DUBAI: Most Gulf stock markets edged up in early trade on Wednesday after tumbling in the previous session when oil prices hit fresh 5-1/2-year lows.Brent crude was just above $57 per barrel as Gulf bourses opened, roughly the same level that prevailed during Gulf trading hours on Tuesday.Dubai's stock index, which lost 5.4 percent on Tuesday, edged up 1.3 percent on Wednesday as most stocks gained. Builder Arabtec Holding, which topped turnover, added 2.8 percent.Abu Dhabi's index rose 1.1 percent as First Gulf Bank climbed 3.0 percent.Oman's bourse rose 1.6 percent and shares in Bank Muscat added 1.7 percent after it said it had sold its brokerage business to Gulf Baader Capital Markets, a brokerage firm based in the sultanate. It did not give the selling price.Kuwait was nearly flat but Boubyan Bank, which dominated trading, rose 1.2 percent after the chief executive of Commercial Bank of Kuwait told Reuters ...

Saudi stock index down 5pc; King Abdullah admitted to hospital DUBAI: Saudi Arabia's stock market fell sharply on Wednesday after Saudi state television reported that King Abdullah had been admitted to hospital for tests.The main equities index, which was down more than 1 percent earlier in the day in response to sliding oil prices, was 5.0 percent lower in the minutes after the television report, which quoted a brief royal court statement.Copyright Reuters, 2014 ...
South Africa's Top-40 index ends flat on day, adds 6pc in 2014 JOHANNESBURG: South Africa's benchmark index closed little changed on Wednesday, giving a 6 percent gain for the year as a whole and looking set for a volatile year, as a depreciating rand currency and lower commodity prices undermine investor confidence.The Top-40 advanced 0.05 percent on the day to end the year at 43,969 points, having failed to build on a record 47,143 set in July.The broader All-Share index edged up 0.03 percent on the day ...
Gulf markets tumble again as oil hits fresh low DUBAI: Gulf stock markets suffered broad sell-offs on Tuesday as Brent crude oil slumped to a fresh 5-1/2-year low and political uncertainty in Greece pressured global equities.Brent fell as low as $56.74 per barrel, its lowest since May 2009, as persistent worries about a global supply glut offset concerns about output disruptions in Libya.European stock markets, to which Gulf investors often turn for cues, were down after Greek Prime Minister Antonis Samaras failed to get ...
South African stocks end lower, Sasol hit by oil price JOHANNESBURG: South African stocks fell on Tuesday, as blue-chip heavyweight such as Sasol took a knock from falling global oil prices which tumbled to fresh multi-year lows.Sasol, which sells oil and synthetic fuel, fell 2.7 percent to 436 rand. Around 40 percent of its annual revenue comes from oil.Brent crude oil fell to a 5-1/2-low as a global supply glut amplified by the downward pressure of its pricing currency, the dollar, outweighed concerns of lost ...
Gulf markets drop as oil hits fresh low DUBAI: Gulf stock markets fell in early trade on Tuesday as Brent crude oil slumped to a fresh 5-1/2-year low and political uncertainty in Greece put pressure on global equities.Brent approached $57.0 per barrel as persistent worries about a global supply glut offset concerns about output disruptions in Libya.Saudi Arabia's main stock index dropped 2.9 percent with most stocks in the red. Petrochemicals giant Saudi Basic Industries, down 3.2 percent, was the main drag.Saudi Ceramic ...
Gulf pulls back but stronger oil boosts Saudi petchems DUBAI: Most Gulf stock markets pulled back on Monday after gaining strongly in the two previous sessions, but Saudi Arabia's petrochemicals sector rose after Brent crude oil climbed back above $60 per barrel.Oil rebounded in thin holiday trade after a fire at one of Libya's main export terminals destroyed 800,000 barrels of crude - more than two days of the country's output - as clashes escalated between factions battling for control of the nation.Although confidence ...


Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
Arrow CAC-40 4,917.32 0.69
Arrow Nikkei 18,826.88 0.15
Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln