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Middle East & Africa


South African stocks end lower, Sasol hit by oil price JOHANNESBURG: South African stocks fell on Tuesday, as blue-chip heavyweight such as Sasol took a knock from falling global oil prices which tumbled to fresh multi-year lows.Sasol, which sells oil and synthetic fuel, fell 2.7 percent to 436 rand. Around 40 percent of its annual revenue comes from oil.Brent crude oil fell to a 5-1/2-low as a global supply glut amplified by the downward pressure of its pricing currency, the dollar, outweighed concerns of lost supply in Libya where battling militias have closed ports.Oil markets have been heavily over supplied this year due to increasing output of high quality, light oil from U.S. shale and lower-than-expected consumption as a result of faltering global economic growth and competition from alternative fuels.Negative sentiment about Greece's future in the euro zone also dragged international equities markets down.On the other hand, concerns about Greece lifted the gold price by more than 1 percent, as ...

Gulf markets drop as oil hits fresh low DUBAI: Gulf stock markets fell in early trade on Tuesday as Brent crude oil slumped to a fresh 5-1/2-year low and political uncertainty in Greece put pressure on global equities.Brent approached $57.0 per barrel as persistent worries about a global supply glut offset concerns about output disruptions in Libya.Saudi Arabia's main stock index dropped 2.9 percent with most stocks in the red. Petrochemicals giant Saudi Basic Industries, down 3.2 percent, was the main drag.Saudi Ceramic ...
Gulf pulls back but stronger oil boosts Saudi petchems DUBAI: Most Gulf stock markets pulled back on Monday after gaining strongly in the two previous sessions, but Saudi Arabia's petrochemicals sector rose after Brent crude oil climbed back above $60 per barrel.Oil rebounded in thin holiday trade after a fire at one of Libya's main export terminals destroyed 800,000 barrels of crude - more than two days of the country's output - as clashes escalated between factions battling for control of the nation.Although confidence ...
Background moderately positive for Gulf markets DUBAI: Gulf stock markets may keep a firm tone on Monday after oil prices edged up from recent lows and as Asian equities provide a positive global background. Saudi Arabia's 2015 budget, which will maintain spending at a high level despite lower oil revenues, has buoyed Gulf bourses in the last two sessions, helping them recover from a panic sell-off that was triggered by oil's plunge in early December. On Monday, Brent crude edged back ...
Markets shrug off weaker oil DUBAI: Gulf stock markets rose in early trade on Sunday, shrugging off a fresh decline in the price of oil after Saudi Arabia's government said at the end of last week that it would maintain spending at high levels in 2015. Brent crude fell back below $60 per barrel on Friday as the dollar strengthened and as a supply glut in top consumer United States trumped worries about falling exports from Libya. But in the ...
Markets rise as Saudis maintain spending in 2015 budget DUBAI: Gulf stock markets rose on Thursday as Saudi Arabia released a 2015 state budget that will keep spending high, reassuring the region that economic growth is unlikely to be hurt much by the plunge of oil prices.The Saudi budget envisions state spending at a record 860 billion riyals ($230 billion) next year, up 0.6 percent from the 2014 budget plan.That would be the smallest rise in over a decade, but much better than the ...
Gulf markets pull back slightly on soft oil price DUBAI: Gulf stock markets pulled back slightly early on Thursday as a fresh retreat of global oil prices encouraged profit-taking on the gains of the last several days. Oman outperformed after positive corporate news.The main Dubai index slid 0.6 percent in quiet trade as property stocks slipped, with Emaar Properties down 0.5 percent.The Abu Dhabi and Qatar markets both lost 0.3 percent, though Qatar's Barwa Real Estate continued its strong rally of recent days, rising ...


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

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln