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Dubai Financial Market Q2 net profit drops 31pc DUBAI: Dubai Financial Market, the Gulf Arab region's only listed bourse, posted a 31-percent decline in second-quarter profit on Sunday as income during the period dropped. DFM made a net profit of 10.2 million dirhams ($2.8 million) compared to 14.7 million dirhams in the same period in 2011, the company said in a statement on the Dubai bourse. The earnings however, beat an estimate by HSBC Bank, which expected a quarterly profit of 4 million dirhams. DFM's total second-quarter revenue dropped to 51.8 million dirhams from 65.9 million dirhams in the prior-year period, according to the company's balance sheet. Revenue from ownership transfer and mortgage fees dropped to 1.1 million dirhams from 16.3 million dirhams in the year-ago period. DFM Group, which includes Nasdaq Dubai, said in a statement that its trading value increased 4.7 percent during the quarter to 11.8 billion dirhams compared to 11.3 billion dirhams in the same period of 2011. Shares ...


US data helps fuel C$ rally  TORONTO: Canada's dollar traded at a stronger level than the US currency on Friday for the first time in more than 2 months as investors welcomed a US jobs report that offered signs that the economy there is improving. The currency climbed to a high of C$0.9980 to the greenback, or $1.0020, its strongest level since May 11, after the US data. Nonfarm payrolls rose 163,000 last month, beating economists' expectations for a 100,000 gain. The report ...

C$ stronger than US$ for first time since May  TORONTO: Canada's dollar traded at a stronger level than the US currency on Friday for the first time in more than 2 months as investors remained hopeful that central banks around the globe would take action to prop up their economies. The Canadian dollar rose to C$0.9997 against the US currency, or $1.0003. It was the first time it traded through parity with the greenback since May 15. On Thursday, the currency finished at C$1.0072 against ...

Ugandan shilling steady vs dollar, seen weaker  KAMPALA: The Ugandan shilling was unchanged on Friday, a day after the central bank cut its key lending rate, but traders said the local currency is likely to weaken in coming months as cheaper credit starts to flow into the economy. At 1146 GMT commercial banks quoted the currency of east Africa's third-largest economy at 2,485/2,495, unchanged from Thursday's close. Bank of Uganda cut its benchmark interest rate to 17 percent for this month from 19 percent ...

India rupee posts third straight weekly decline; US jobs eyed  MUMBAI: A late recovery helped the Indian rupee gain on Friday, as demand for global risk assets recovered after the euro extended gains on the back of falling yields for Italian and Spanish debt. However, the local currency still posted its third straight weekly decline as concerns about the global economy continue to weigh, especially after the Federal Reserve and the European Central Bank refrained from immediate action this week. In India, the summer drought declared on ...

Lira firms 0.8pc vs dollar as low CPI figures boosts confidence  ISTANBUL: The lira firmed around one percent versus the dollar and the benchmark yield dipped 15 basis points to an 18-month low on Friday as July inflation data fell in line with expectations, boosting sentiment for Turkish assets. Turkish shares were more than one percent up, outperforming the emerging markets index after falling slightly on previous day following the global sell-off due to disappointing comments from the European Central Bank over potential policy action. Turkey's consumer price ...

Lira firms 0.8pc vs dollar as low CPI figures boosts confidence  ISTANBUL: The lira firmed around one percent versus the dollar and the benchmark yield dipped 15 basis points to an 18-month low on Friday as July inflation data fell in line with expectations, boosting sentiment for Turkish assets. Turkish shares were more than one percent up, outperforming the emerging markets index after falling slightly on previous day following the global sell-off due to disappointing comments from the European Central Bank over potential policy action. Turkey's consumer price ...


 



 
Index Closing Chg%
Arrow DJIA 16,262.56 0.55
Arrow Nasdaq 4,034.16 0.29
Arrow S&P 1,842.98 0.68
Arrow FTSE 6,541.61 0.64
Arrow DAX 9,173.71 1.77
Arrow CAC-40 4,345.35 0.83
Arrow Nikkei 13,996.81 0.62
Arrow H.Seng 22,671.26 1.60
Arrow Sensex 22,484.93 0.64





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln