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Egypt joins global rally, Savola dampens Saudi DUBAI: Saudi Arabia's bourse most mostly stable and Egypt rose in early trade on Thursday as a dovish U.S. Federal Reserve statement boosted global equities and oil traded off its Wednesday lows.Saudi Arabia's main stock index slipped 0.2 percent, as Savola Group tumbled 8.9 percent to 70.50 riyals after slashing its first-quarter net profit forecast to 178 million riyals ($47.5 million) before capital gains from 360 million riyals.It blamed the revision on lower-than-expected retail sales and currency devaluations in some foreign markets. The stock broke chart support on its January low of 72.50 riyals and its next major support is at the December low of 63.50 riyals.But other sectors were mostly positive; petrochemicals giant Saudi Basic Industries rose 1.1 percent after a heavy sell-off in the two previous sessions.Oil prices, which are used to set prices for many petrochemicals, jumped late on Wednesday after the Federal Reserve signalled a slower ...

Gulf markets slide after US oil hits 6-year low DUBAI: Gulf stock markets fell in panic sell-offs on Wednesday after U.S. crude futures dropped to a fresh six-year low and Brent oil also retreated.U.S. oil futures dropped about 3 percent and traded just above $42 per barrel after crude inventories rose by 10.5 million barrels to 450 million in the week to March 13, according to data from the American Petroleum Institute.Official inventory data was due to be issued by the U.S. Energy Information ...
South Africa stocks edge lower, eyes on Fed JOHANNESBURG: South African stock prices eased slightly on Wednesday as investors awaited a U.S. central bank statement about the future of interest rates due after African markets close.The Federal Reserve is expected to shed some light on how soon it plans to raise rates when its two-day meeting ends later in the day."The market is waiting for tonight's Fed minutes release and Chair Yellen's press conference," said Global Trader's Paul Chakaduka. "That should give more ...
Saudi Arabia stock falls on oil; TMG weighs on Egypt DUBAI: Saudi Arabia's stock market fell in early trade on Wednesday as oil remained weak and property developer Talaat Moustafa Group weighed on Egypt after being told to pay more cash to the government.Brent crude fell towards $53 a barrel as U.S. crude inventories were forecast to have surged for the tenth straight week to a new record high.The main Saudi index was down 1.3 percent and petrochemicals giant Saudi Basic Industries, down 2.2 percent, ...
Gulf markets drop as US oil hits 6-year low DUBAI: Stock markets across the Gulf fell sharply on Wednesday after U.S. crude futures dropped to a fresh six-year low and Brent oil also edged down.US oil futures dropped about 3 percent and traded just above $42 per barrel on Wednesday after crude inventories rose by 10.5 million barrels to 450 million in the week to March 13, according to data from the American Petroleum Institute.Official inventory data will be issued later on Wednesday by ...
South African stocks edge up, Lonmin soars on upgrade JOHANNESBURG: South African stocks edged higher on Tuesday after a banking recommendation upgrade on Lonmin restored some confidence in the recently battered mining sector. Emerging market stocks were broadly firmer as speculation the US Federal Reserve will raise interest rates soon waned.The blue-chip JSE Top-40 index was up 0.14 percent at 46,269 points and the broader All-share index gained 0.3 percent to 52,300. Both indices dropped nearly 3 percent last week, their biggest weekly fall ...
Weak oil weighs on Gulf markets; Q4 hopes support Egypt DUBAI: Most Gulf stock markets slumped on Tuesday as oil extended its slide, while Egypt stabilised after a profit-taking bout.Brent crude fell towards $53 per barrel to trade at its lowest level since early February as concerns mountedover a growing supply glut.Saudi Arabia's stock index dropped 1.4 percent as petrochemicals giant Saudi Basic Industries (SABIC) slid 4.1 percent to 87.25 riyals in heavy trade. The stock came under strong selling pressure after falling below 90 ...

 



 
IndexClosingChg%
ArrowDJIA 18,080.14 0.12
ArrowNasdaq 5,092.09 0.71
ArrowS&P 2,117.69 0.23
ArrowFTSE 7,070.70 0.24
ArrowDAX 11,810.85 0.74
ArrowCAC-40 5,201.45 0.44
ArrowNikkei 20,020.04 0.83
ArrowH.Seng 28,060.98 0.84
ArrowSensex 27,437.94 1.07





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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln