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Middle East & Africa


Kuwait hits new 8 years low DUBAI: Gulf bourses were mostly lower on Sunday with political tension weighing on Kuwait, while Saudi Arabia's measure gained in thin trade.   Kuwait's index slumped to a new eight-year closing low ahead of a major demonstration planned by the opposition later in the day. The market finished 0.1 percent lower.   The opposition said it would would press ahead with the march to protest against new voting rules, while the government warned it would not tolerate unsanctioned demonstrations.   Some protests in recent weeks have seen clashes between police and demonstrators.   "Retail investors were nervous today - we have another protest tonight. But I don't think too much will happen because a lot of security forces have been sent out," said a Kuwait-based trader who asked not to be identified.   Nine of the 10 largest stocks by market value closed flat, with smaller stocks facing the brunt of the selling pressure. Government-linked funds were seen buying larger ...

Rwanda KIGALI: Rwanda's national carrier plans to more than double its aircraft fleet in the next five years, and to list on the country's stock exchange once it turns profitable, a senior company executive said.   At present Rwandair has a fleet of seven aircraft. It plans to increase this to 17 planes over the next five years, which would allow the airline to expand its route network to Europe, China and India, Chief Executive Officer John Mirenge ...
Dubai Financial Market Co says third quarter loss narrows DUBAI: Dubai Financial Market Co's third-quarter net loss narrowed to 1.7 million dirhams ($463,000) from 9.3 million in the same period last year, the company said on Saturday, citing increased trading activity.   The publicly owned company, which runs securities trading in Dubai, said its third-quarter revenue grew to 36.8 million dirhams, compared to 31.7 million dirhams a year ago in an emailed statement.   Its net profits for the first nine months of 2012 more than quadrupled to ...
South Africa stocks hit record high on US, China data  JOHANNESBURG: South Africa's Top-40 and All-Share indices hit fresh record highs on Friday, as the equity market found support from positive economic data from the United States and China.   The benchmark Top-40 index climbed to a high of 33,257.26, while the broader All-Share index touched a record of 37,400.67.   Copyright Reuters, 2012 ...
Kuwait falls to 4-wk low on political tensions; Gulf mixed  DUBAI: Kuwait's bourse dropped to a four-week low on Thursday because of rising political tensions, while other Gulf bourses were mixed in quiet trade ahead of the weekend.   Jittery investors have sold shares in Kuwait since protests on Monday which called for the emir to set a date for upcoming parliamentary elections. Worries about politics weighed on the market on Thursday ahead of a cabinet meeting later in the day.   In some of the strongest remarks by ...
Saudi extends slide as global outlook darkens  DUBAI: Saudi Arabia's benchmark slumped to a fresh 10-week low on Tuesday as investors fretted that a gloomier outlook for the global economy would lead to lower oil receipts for the world's top crude exporter.   Other Middle East markets were mixed, with investors cautious as third-quarter earnings season got under way.   The International Monetary Fund cut its growth forecasts for the second time in six months on Tuesday, warning the global economic slowdown was worsening.   "This will obviously ...
South African stocks at record high JOHANNESBURG: South African stocks set a record high on Friday with mining shares among the top performers as investors chased bargains in the sector battered in recent days by a wave of wildcat strikes.   A weaker rand, higher metal prices and an upbeat tone in global markets after data showed a surprise drop in the US jobless rate added to the bullish sentiment. Mining companies benefit from a weaker rand because they sell commodities for dollars ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln