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Saudi stock market to open to foreigners by mid-2015 RIYADH: Saudi Arabia is on track to open its stock market to foreign investors by the end of June, the market's chief regulator said on Monday.A final date will be announced after relevant regulations are issued but it "will be before the end of the first half of 2015," said Mohammed al-Shaikh, chairman of the Capital Market Authority.Penny-stock players, however, will not be welcome on the expanded Tadawul All-Shares Index, the largest Arab bourse."We really want to attract large, sophisticated, experienced institutional investors and the requirements actually show that," Shaikh told the Global Competitiveness Forum, a Saudi-organised event bringing together world business leaders and top officials in the kingdom.Saudi Arabia is a member of the G20 group of major world economies.Copyright AFP (Agence France-Presse), 2015 ...

Saudi Arabia rises after smooth royal succession DUBAI: Saudi Arabia's stock market rose on Monday as it traded for the first time since King Salman succeeded his brother Abdullah, who died on Friday. Other bourses in the region were neutral or negative.After swiftly assuming power, King Salman pledged continuity in energy and foreign policies and appointed younger men as his heirs, appearing to settle the succession issue for years to come.Investors reacted positively to the smooth succession and the kingdom's main index ...
South African stocks end higher, Naspers in demand JOHANNESBURG: South African stocks ended higher on Monday, shaking off worries about the outcome of Greece's election, with Naspers adding the most points to the index.Naspers, the bourse's biggest company by value, climbed 3.34 percent to a record 1,704 rand, after four straight sessions of declines.Overall, traders shrugged off concerns over the pledge by Syriza, the winning party in the Greek election, to confront the country's international lenders. They focused instead on the latest stimulus ...
Dubai extends losses as oil slides DUBAI: Dubai's stock index fell sharply late in the session on Monday after the price of oil slid below $48 per barrel and Greek election results put pressure on global equities.The benchmark tumbled 4.0 percent in a broad sell-off. Among the most traded stocks, Dubai Islamic Bank lost 5.6 percent and Emaar Properties was down 4.7 percent.Market players said oil's renewed weakness may have dampened retail investors' sentiment, even though Dubai's diversified economy is relatively ...
Qatar's economy minister appointed chairman of stock exchange DOHA: Qatar's economy minister Sheikh Ahmed bin Jassim al-Thani has been appointed chairman of the Gulf state's stock exchange, the bourse said on Sunday, in a move apparently intended to raise the exchange's international profile.The exchange's previous acting chairman was Hussein Ali al-Abdullah, an executive director of the Qatar Investment Authority (QIA), the country's sovereign wealth fund.The statement by the exchange also named eight board members for the exchange including businessman Ali Bin Ahmed Al ...
Smooth Saudi succession, ECB easing may support Gulf DUBAI: Stock markets in the United Arab Emirates and Qatar may rise on Sunday after a smooth transition of power in Saudi Arabia and the launch of the European Central Bank's bond-buying programme.After the death of King Abdullah at the weekend, Saudi Arabia's new King Salman pledged continuity in energy and foreign policies and moved quickly to appoint younger men as his heirs. He appeared to settle the succession issue for years to come by ...
Abu Dhabi, Qatar rise; property stocks weigh on Dubai DUBAI: Stock markets in the United Arab Emirates and Qatar were mixed in low-volume trade on Sunday as most countries in the Middle East closed their bourses following the death of Saudi Arabia's King Abdullah.His successor King Salman pledged continuity in energy and foreign policies and moved quickly to appoint younger men as his heirs. He appeared to settle the succession issue for years to come by naming a deputy crown prince from his dynasty's ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln