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Gulf markets to consolidate, Saudi may rebound a bit DUBAI: Gulf stock markets may consolidate on Monday as their initial reaction to the Iran nuclear deal fades, while Saudi Arabia could rebound moderately after a slight uptick in oil prices.The Saudi stock index sank 1.7 percent to 8,590 points on Sunday because of the prospect of lower oil prices if a final agreement by a June 30 deadline lifts sanctions on Tehran and allows more Iranian oil into the market. Brent oil plunged nearly 4.0 percent on Thursday.But the index held minor chart support at its March low of 8,497 points, and a 1.3 percent rebound by Brent to $55.65 a barrel on Monday morning may encourage some buying back of Saudi stocks.Elsewhere, Dubai's market rose 1.4 percent on Sunday on hopes that the lifting of sanctions would create new business opportunities for the emirate.A handful of stocks around the Gulf were buoyed by the Iran factor; oilfield services ...

Saudi Arabia stock rebounds with firmer oil; Egypt more stable DUBAI: Saudi Arabia's stock market rebounded moderately on Monday after an uptick in oil prices, while Egypt became more stable following a bout of heavy profit-taking.The Saudi stock index sank 1.7 percent on Sunday because of the prospect of lower oil prices after world powers reached a preliminary nuclear deal with Iran, which could lead to a lifting of sanctions on Tehran and more Iranian oil supplied to the market. Brent oil plunged nearly 4.0 ...
South African finanical markets closed on April 6 JOHANNESBURG: South African financial markets are closed for Easter on Monday. Trading in Johannesburg will resume on Tuesday.Copyright Reuters, 2015 ...
Dubai stock up, Saudi down as Gulf reacts to Iran nuclear deal DUBAI: Gulf stock markets reacted very differently on Sunday to Iran's nuclear deal with world powers, as Dubai rose on hopes for new Iranian business while Saudi Arabia fell on fears of lower oil prices. Egypt continued sliding after poor economic data.If confirmed in a final agreement by a June 30 deadline, the nuclear deal - assuming it is received positively by major Gulf Arab governments - could reduce geopolitical tensions in the area, encouraging ...
Saudi Arabia stock falls on oil price worries after Iran nuclear deal DUBAI: Saudi Arabia's stock market fell in early trade on Sunday after Iran's nuclear deal with world powers fuelled concern about a further decline in oil prices, which would hurt margins at Saudi petrochemical firms.If confirmed in a final agreement by a June 30 deadline, the nuclear deal would ease sanctions and allow more Iranian oil onto the market, potentially pushing down crude prices. Brent oil plunged nearly 4.0 percent on Thursday in an initial ...
Saudi firms tighten controls in wake of Mobily scandal RIYADH/DUBAI: When Saudi Cable Co said last month it was delaying the release of its 2014 earnings statement, because it was still compiling information required by an external auditor, it was a sign of growing regulatory pressure on companies in the kingdom.Regulators are signalling they want corporate managements to tighten governance and strengthen internal controls as the $500 billion Saudi stock market prepares to open up to direct foreign investment in the next few months.The ...
South African financial markets closed on April 3, April 6 JOHANNESBURG: South African financial markets are closed for Easter on Friday, April 3 and Monday, April 6. Trading in Johannesburg will resume on Tuesday, April 7.Copyright Reuters, 2015 ...

 



 
Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln