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Middle East & Africa


Egyptian markets to close Sunday for inauguration of Sisi CAIRO: Egypt's bourse will be closed on Sunday after the government announced it as an official holiday to mark the inauguration of president-elect Abdel Fattah al-Sisi, the bourse head Mohamed Omran said on Thursday.Copyright Reuters, 2014 ...

South African shares edge higher, market watches platinum talks JOHANNESBURG: South African shares barely closed in the black on Wednesday as investors awaited the outcome of the latest round of negotiations to end the country's longest-running platinum sector strike.Newly installed mining minister Ngoako Ramatlhodi said he hoped the five-month stalemate between miners and their employers could end this week, but even his optimism failed to lift prices for producers Impala and Lonmin."People are just waiting for what is coming with the miners. There is ...
ECB, China support emerging markets; Qatar, UAE fall on debut LONDON: Qatari stocks fell 1 percent on Monday as the country debuted in MSCI's mainstream emerging index, though firmer Chinese data and expectations of euro zone policy easing lent support to broader emerging market assets.Qatar and United Arab Emirates, the two best performers this year in MSCI's frontier index, are now classed as emerging markets with index weightings of 0.53 percent and 0.64 percent respectively - larger than Egypt, Hungary or Peru.While UAE stocks fell, ...
South Africa's rand eases, investors brace for weaker GDP JOHANNESBURG: South Africa's rand weakened slightly against the US dollar on Monday, opening the week on the back foot as investors analysed President Jacob Zuma's new cabinet and ahead of expected weaker economic growth data in the next session. Zuma announced his new team for his second five-year term on Sunday, appointing former deputy finance minister Nhlanhla Nene as finance minister, while Pravin Gordhan moved to handle local government. "The local cabinet is mostly business ...
Nigerian stocks rally to 3-1/2 month high LAGOS: The Nigerian share index rose 1.81 percent on Friday to edge close to a 3-1/2 month high, lifted by strong gains in the oil and gas sector and heavyweight Dangote Cement. The index of Nigeria's top five oil and gas firms climbed 7.27 percent, helping the all-share index rise above 40,000 points, a level last seen in February. Dangote Cement, which accounts for around a third of the stock market's total value, rose 4.05 ...
Dubai jumps as Emaar surges to 6-year high DUBAI: Dubai's bourse led gains in the Gulf on Sunday as investors launched a fresh rally and shares in developer Emaar Properties surged to a six-year high.Emaar gained 6.3 percent to 10.45 dirhams, the level last seen in May 2008, on increased volume and helped Dubai's benchmark jump 3.3 percent, also the highest level since 2008.Dubai's largest-listed company launched a 66-storey residential tower in Downtown Dubai on Sunday, and announced sales for the development would ...
South African stocks hit life highs, Abil falls on profit warning JOHANNESBURG: South African shares surged to life highs on Friday spurred on by the fastest growth in US job growth data in more than two years, but African Bank took a divergent path, falling precipitously after warning of a half-year loss. South Africa's biggest unsecured lender flagged it would swing to a first-half loss of $315 million after it booked higher non-performing loans and set aside more money to cover future bad debt. Johannesburg's benchmark ...


Index Closing Chg%
Arrow DJIA 16,979.13 0.35
Arrow Nasdaq 4,526.48 0.02
Arrow S&P 1,986.51 0.25
Arrow FTSE 6,755.48 0.35
Arrow DAX 9,314.57 0.21
Arrow CAC-40 4,240.79 0.32
Arrow Nikkei 15,454.45 0.03
Arrow H.Seng 25,159.76 0.15
Arrow Sensex 26,314.29 0.40

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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 15, 2014
Reserves $14.264 bln