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Saudi Arabia, Egypt markets slip DUBAI: Share prices in Saudi Arabia and Egypt edged down in early trade on Tuesday in line with other Middle East markets.The main Saudi index slipped 0.4 percent with most stocks in the red. Saudi Electricity Co, down 3.1 percent, was the main drag on the benchmark.Later on Tuesday, after Gulf markets close, index compiler MSCI will announce the results of its annual market classification review which analysts expect will launch the lengthy process of including Saudi Arabia in the emerging markets index widely used by active and passive funds around the world.While the actual inclusion is unlikely to happen until 2017, a positive announcement may boost market sentiment in the kingdom. But if for some reason the move is delayed, it could sour investors' mood.Egypt's index fell 0.6 percent, also with most stocks declining. Orascom Telecom Media And Technology was one of the biggest losers, dropping 3.2 percent after ...

Qatar may remain jittery over World Cup DUBAI: Qatar's stock market may remain volatile and vulnerable to further sentiment-driven selling pressure after a senior FIFA official said Doha could be stripped of World Cup hosting rights if evidence emerges of bribery in the bidding process. The FBI's investigation of bribery and corruption at FIFA includes scrutiny of how soccer's governing body awarded World Cup hosting rights to Russia and Qatar, a US law enforcement official told Reuters this week.Domenico Scala, the independent ...
South Africa's rand at 5-week low, tracks EM peers JOHANNESBURG: South Africa's rand fell to a five-week low against the dollar on Thursday, tracking emerging market peers after an influential report said capital flows were projected to fall, partly due to a potential U.S. interest rate hike.The rand was also weighed down by a dollar rally after a stronger-than-expected rise in U.S. pending homes sales buoyed the outlook for the housing market.At 1455 GMT the rand was trading 1.36 percent weaker at 12.1860 to ...
South African stocks dip, Nampak logs biggest drop in 18 years JOHANNESBURG: South Africa's main stock index ended sharply lower on Tuesday, with Nampak topping the decliners' list after the continent's biggest packaging firm reported lower half-year earnings.Nampak posted an 8 percent fall to 101 cents in first-half headline EPS, citing production decline at its glass unit and pressure on consumers' disposable income in South Africa. In reaction, shares in the company plunged 13.3 percent to 36.40 rand, a level last seen nearly a year ago ...
South African stocks flat, Illovo at 7-year low after weak FY earnings JOHANNESBURG: South Africa's main stock index ended barely changed on Monday, with Illovo Sugar Ltd leading the decliners' list after the continent's biggest sugar producer posted lower full-year earnings. Illovo reported a 7.7 percent fall to 179 cents in headline EPS, citing lower sugar prices and currency headwinds. In reaction, shares in the company plunged 10.7 percent to 18.82 rand, a level last seen nearly seven years ago and booked their biggest one-day decline on ...
South African stocks flat, Illovo at 7-year low after weak FY earnings JOHANNESBURG: South Africa's main stock index ended barely changed on Monday, with Illovo Sugar Ltd leading the decliners' list after the continent's biggest sugar producer posted lower full-year earnings.Illovo reported a 7.7 percent fall to 179 cents in headline EPS, citing lower sugar prices and currency headwinds.In reaction, shares in the company plunged 10.7 percent to 18.82 rand, a level last seen nearly seven years ago and booked their biggest one-day decline on record."It will ...
Gulf markets dip, tracking oil; Egypt extends gains DUBAI: Most Gulf stock markets slipped on Sunday after oil prices fell, while Egyptian equities extended gains following the delay of an unpopular capital gains tax. Brent oil fell $1.17, or 1.8 percent, to $65.37 a barrel on Friday, declining 2.1 percent on the week as a rallying dollar and profit-taking ahead of a long US holiday weekend cut short a two-day rally. Petrochemicals giant Saudi Basic Industries, whose profits are sensitive to oil prices, ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
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Arrow DAX 11,308.99 0.46
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Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln