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Gulf markets tumble as oil slides below $53 DUBAI: Gulf stock markets fell sharply on Tuesday as Brent crude extended losses after plunging 5 percent a day earlier and the threat of a fresh euro zone crisis in Greece also prompted investors to sell risk assets globally.Brent crude touched a fresh 5-1/2-year low at $52.28 a barrel on Tuesday on oversupply concerns. MSCI's emerging market index was down 0.9 percent.Saudi Arabia's main index dropped 3.9 percent shortly after opening in a broad sell-off. Shares in petrochemicals giant Saudi Basic Industries (SABIC) tumbled 4.2 percent.The kingdom's market is heavily weighted towards petrochemicals, whose profit margins will suffer from cheaper crude.Dubai's bourse tumbled 5.1 percent. Emaar Properties, the emirate's largest listed developer, topped trading volume as it lost 8.4 percent.However, shares in Air Arabia bucked the trend and added 0.7 percent after the firm said on Monday it had bought a 49 percent stake in Jordan's Petra Airlines and would ...

Gulf mkts tumble as oil slides below $53 DUBAI: Gulf stock markets fell sharply on Tuesday as Brent crude extended losses after plunging 5 percent a day earlier and the threat of a fresh euro zone crisis in Greece also prompted investors to sell risk assets globally. Brent crude touched a fresh 5-1/2-year low at $52.28 a barrel on Tuesday on oversupply concerns.MSCI's emerging market index was down 0.9 percent. Saudi Arabia's main index dropped 3.9 percent shortly after opening in a broad ...
New tax weighs on Kenyan shares, shilling edges down NAIROBI: Kenya's main share index fell on Monday following the introduction of a new capital gains tax, while the shilling inched down on the back of dollar orders by importers resuming business after the holidays.Investors say the 5 percent capital gains tax, which took effect on Jan. 1, could affect investment in property, equities and the country's nascent oil and mining sectors.The NSE-20 share index lost 0.54 percent to close at 5,089.71 points on Monday. ...
Gulf markets fall on weak oil DUBAI: Gulf stock markets extended their decline in early trade on Monday after the price of Brent crude oil fell below $56 per barrel.Brent futures hit a fresh 5-1/2-year low of $55.25 as data showed that Russian output and Iraq's exports of the commodity had hit their highest levels in decades.Although Saudi Arabia, Dubai and Oman have already announced large state budgets, suggesting that lower oil revenues will not translate into spending cuts, crude prices ...
Gold producers drag South African stocks lower JOHANNESBURG: South African stocks fell in thin trade on Friday as a weaker gold price dragged down bullion producers AngloGold Ashanti and Sibanye Gold. Africa's largest producer AngloGold Ashanti topped decliners on the benchmark Top-40 index, falling the most in three weeks to shed 3.2 percent to 98.41 rand. The stock fell about 17 percent last year as the gold price was eroded.Smaller rival Sibanye Gold ended 3.6 percent lower on the day, though it ...
Most major markets up in 2014 despite oil's plunge DUBAI: Most major Middle East stock markets ended 2014 with annual gains after wild swings which underlined their fragility as well as their promise to investors.Gulf markets soared in the first half of the year as the region became more of a mainstream investment destination for foreigners with index compiler MSCI's upgrade of the United Arab Emirates and Qatar to emerging market status. Saudi Arabia's announcement that it would open its market to direct foreign ...
Gulf markets edge up after sharp drops DUBAI: Most Gulf stock markets edged up in early trade on Wednesday after tumbling in the previous session when oil prices hit fresh 5-1/2-year lows.Brent crude was just above $57 per barrel as Gulf bourses opened, roughly the same level that prevailed during Gulf trading hours on Tuesday.Dubai's stock index, which lost 5.4 percent on Tuesday, edged up 1.3 percent on Wednesday as most stocks gained. Builder Arabtec Holding, which topped turnover, added 2.8 percent.Abu ...

 



 
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