All
 

 

Just in:  

You are here: Home»Markets»FXMM»Middle East & Africa

Middle East & Africa

Archive

Egyptian pound steady on official market, weaker on black market CAIRO: The Egyptian pound held steady at a central bank dollar sale on Sunday but weakened on the unofficial market.The bank offered $40 million and said it had sold $37.8 million at a cut-off price of 7.1401 pounds to the dollar, unchanged from its last sale on Thursday.The rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective control over official exchange rates.In the unofficial market, the pound was trading at 7.80 to the dollar, one trader said, weaker than Thursday's rate of 7.78 pounds.Copyright Reuters, 2014 ...

Ugandan shilling firms as banks unwind long dollar positions KAMPALA: The Ugandan shilling clawed back some of its recent losses on Friday after some commercial banks unwound long dollar positions and companies converted hard currency to pay taxes.At 1108 GMT commercial banks quoted the shilling at 2,765/2,775, stronger than Thursday's close of 2,775/2,785."Some banks are cutting back their long dollar positions," said Isaac Iga, chief dealer at Orient Bank.Companies were also selling dollars to pay taxes, he said.The shilling weakened sharply this week, prompting ...
South Africa's rand firms for 3rd day as emerging markets rally JOHANNESBURG: South Africa's rand firmed against the U.S. dollar for a third straight day on Thursday, boosted by positive emerging market sentiment after the U.S. federal reserve suggested interest rate hikes were some way off.At 1535 GMT, the rand was 0.69 percent firmer at 11.5280 against the greenback, having rallied more than 1 percent earlier in the session."What we are seeing in dollar/rand today is very much correlated to the improvement in the risk appetite ...
Egyptian pound steady on official market, weaker on black market CAIRO: The Egyptian pound was unchanged at a central bank dollar sale on Thursday and weaker on the unofficial market after the government established a fourth weekly dollar auction.The bank offered $40 million and said it had sold $38.2 million at a cut-off price of 7.1401 pounds to the dollar, a rate unchanged from its sales on Wednesday and Monday.The rates at which banks are allowed to trade dollars are determined by the results of ...
Kenyan shilling steady, seen gaining slightly NAIROBI: The Kenyan shilling held steady on Thursday, with traders expecting the trend to continue amid less dollar demand as companies close their books for the holiday season.At 0730 GMT, commercial banks quoted the shilling at 90.35/45 to the dollar, equal to Wednesday's close."As companies close out for the festive season, we shall see less dollar demand. So we expect the shilling to be supported by that a bit," said a trader at a major ...
South Africa's rand rallies after Fed soothes EM sentiment JOHANNESBURG: South Africa's rand rallied against the dollar on Thursday as a statement by the US central bank signalling interest rates would remain near zero offered respite to struggling emerging market currencies.Sharp volatility in the past two sessions due to a public holiday and the Russian rouble's dramatic nosedive on Tuesday had seen the local unit test six-year lows, threatening to move out of a recent range and hold beyond 11.8000 mark. By 0609 GMT, ...
South Africa's rand inches higher, remains vulnerable JOHANNESBURG: South Africa's rand was slightly firmer in late afternoon trade on Wednesday, having recouped losses after the collapsing Russian rouble slowed its decline.The rouble's tumble - it is down 50 percent so far this year - has impacted other emerging market currencies, such as the rand. But the drop slowed slightly as Russia's finance ministry said it had started selling foreign currency, helping the rand stage a tentative recovery.Still, the South African currency remains ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln