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Kingdom Holding to pay $147mn in dividends KHOBAR: Kingdom Holding Co, the international investment firm of Saudi billionaire Prince Alwaleed bin Talal will pay dividends worth 550.3 million Saudi riyals ($146.75 million) this year, in quarterly installments, the company said on Saturday. Kingdom Holding will "distribute quarterly cash dividends from retained earnings of 1.25 percent (5 percent for the full year) of the shares' nominal value, by distributing 12.5 Halalas per share quarterly (the total for the year is 0.50 Riyals per share) for a total of 137.6 million riyals as quarterly cash dividends totaling to 550.3 million Riyals for the year" Kingdom said in a statement. The firm made a net profit of 209.6 million riyals ($55.9 million) in the fourth quarter, compared with 187.8 million riyals in the same period a year earlier. Copyright Reuters, 2013 ...

South African stocks steady, mining shares recover JOHANNESBURG: South African stocks were steady on Friday, a day after booking their biggest one-day fall in nearly a year, as shares of mining firms recovered while some retailers tumbled. Shares of Exxaro fell 1.1 percent to 172.10 rand after the diversified miner said it expected full-year earnings to drop by as much as 41 percent, worse than market expectations. "We started a bit firmer after the big sell-off yesterday, the market was following the ...
South Africa stocks edge back from record as platinum hit   JOHANNESBURG: South African stocks edged back from record highs on Monday, with shares of platinum mining companies hit after Impala Platinum warned of lower earnings.   Shares of Sibanye Gold made their debut on the Johannesburg Stock Exchange, ending the day at 13.57 rand.   This was at the lower end of analyst estimates and valued the mining company at around 10 billion rand ($1.1 billion).   "The resources did get hit a bit today. Amplats has moved down as well, ...
South African stocks retreat from record high, end flat JOHANNESBURG: South African stocks ended barely changed on Monday as investors juggled better-than-expected earnings results by a major gold miner with valuation worries after two straight sessions of gains that pushed the market to record highs.   Construction firms also featured on the loser board after the City Press newspaper said police were involved in a competition watchdog price-fixing probe.   But gold mining shares restricted the downside the broader index after Harmony Gold beat forecasts with quarterly profit.   The ...
Mobinil eyes new share listing to meet ownership rules CAIRO: Egyptian cellphone operator Mobinil would prefer to list more shares on Cairo's stock exchange to meet new ownership rules than sell a bigger stake to a local company, its CEO said on Monday.   France Telecom owns 94 percent of Mobinil, Orascom Telecom Media and Technology Holding owns 5 percent, and only the remaining 1 percent is listed on the exchange, Mobinil's website said.   "We seek to raise our shares in Egypt to 15 percent and we ...
Bluechips lift Dubai to 33 months high DUBAI: Dubai's heavyweight banking and property stocks lifted the emirate's index to a fresh 33-month high above a long-term resistance level on Sunday, while other regional markets were mixed.   Dubai's index rose 1.5 percent to 1,819 points, its highest finish since April 2010. Emaar Properties climbed 3.6 percent and top lender Emirates NBD rose 1.5 percent.   Dubai Financial Market, the Gulf's only listed bourse, added 2.4 percent, accounting for nearly a quarter of all shares traded on ...
Qatar CBQ posts 19pc Q4 profit jump DOHA: Commercial Bank of Qatar (CBQ), which is eyeing a majority stake in Turkey's Alternatifbank, posted a 19 percent jump in fourth-quarter net profit on Sunday on increased lending, but still trailed analysts' forecasts.   The bank earned 447 million riyals ($122.8 million) for the fourth quarter, compared with 376 million riyals a year earlier, a company statement said.   Analysts had forecast an average quarterly profit of 452.4 million riyals, according to a Reuters poll.   CBQ earned a full-year ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln