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Middle East & Africa


Portugal's T-bill yields fall to 4-year lows at auction LISBON: Portugal's short-term borrowing costs fell to their lowest levels at auction for more than four years on Wednesday, underpinning the country's efforts to make a trouble-free exit from its international bailout this year. The IGCP debt agency said it sold all 1.25 billion euros ($1.71 billion) of Treasury bills on offer, comprising 1 billion euros of 12-month and 250 million of 3-month paper, amid healthy demand. "Today's T-bill auctions further illustrate that Portugal continues to make good progress in heading for an exit from its bailout programme," said Jan Von Gerich, chief strategist for developed markets at Nordea in Helsinki. "Market confidence towards the country has certainly returned to a large extent." The average yield on 12-month bills fell to 0.750 percent from 0.869 percent at a previous auction in January. The yield on 3-month bills fell to 0.462 percent from 0.495 percent in January. Both were at their ...

Nigeria bond yields rise as funds sell LAGOS: Yields on Nigeria's government debt rose 12 basis points across all maturities in midday trading on Thursday as foreign investors sold down their holdings, dealers said. There has been a broad emerging market sell-off this week as the US Federal Reserve continues tapering its bond buying programme, which had kept global markets awash with cash. Yields on 5-year, 7-year and 10-year bonds, all listed on JP Morgan's emerging market government bond index, rose in ...
South African rand weakens against dollar JOHANNESBURG: The rand weakened against the dollar on Tuesday as investors trimmed risk due to uncertainty about the US Federal Reserve's scaling back of its monetary stimulus. South Africa's currency fell up to 0.9 percent to 10.3750 to the dollar compared with Monday's close, and was trading down 0.6 percent at 10.3430 at 1537 GMT. Local traders came in on Tuesday after a long weekend and offloaded some rands as investors ...
Yields climb on 9-month Egyptian T-bills CAIRO: Yields on nine-month Egyptian treasury bills rose at an auction on Sunday, Egypt's central bank said, while the yield on 91-day T-bills fell.The average yield on 266-day treasury bills increased to 11.211 percent from 11.190 percent in an auction of 273-day bills last week, the central bank said, while the yield on 91-day T-bills decreased to 10.993 percent from 11.013 percent last week."The market is increasingly favouring shorter-dated securities. It seems the market isn't ...
Kenya's central bank to sell 5 year Treasury bond this month NAIROBI: Kenya will auction a five-year Treasury bond to raise up to 10 billion shillings ($116.79 million) this month, the central bank said on Friday. The bank said the bond would have a market-determined coupon and will be offered from Nov.8, with an auction on Nov. 20. Copyright Reuters, 2013 ...
South Africa's rand holds steady vs dollar JOHANNESBURG: South Africa's rand steadied against the dollar early on Friday, with investors sitting on the sidelines ahead of key US non-farm payrolls data later in the session. The rand took a hit in the previous session from weak domestic manufacturing and mining data that pointed to slow economic growth in the third quarter. Losses extended to a two-month low, with strong US economic growth data adding to expectations of the Federal Reserve tapering its ...
Nigeria sells 124.7bn naira T-bills LAGOS: Nigeria sold 124.69 billion naira ($771.60 million) in treasury bills on Wednesday, with maturities ranging between three months and one year with yields lower across the board, central bank data showed on Friday.The bank sold 31.83 billion naira worth of 91 day paper at 10.85 percent, compared with 11 percent at the previous auction on Sept. 19.The regulator sold 33.78 billion naira in the 182-day note at 11.69 percent, 61 basis points lower than ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
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Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln