Just in:  

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

Middle East & Africa


Egypt's central bank holds pound at 7.7301 per dollar CAIRO: Egypt's central bank will hold the pound steady at 7.7301 pounds to the dollar at an official foreign currency auction on Thursday, traders said.Egypt is facing a dollar shortage and mounting pressure to devalue the currency. The central bank surprised markets when it strengthened the pound on Nov. 11 by 20 piasters against the dollar.Copyright Reuters, 2015 ...

Ugandan shilling firms on wave of interbank dollar selling KAMPALA: The Ugandan shilling rallied in volatile trading on Wednesday, strengthened by a dollar sell-off by commercial banks.At 0951 GMT commercial banks quoted the shilling at 3,350/3,360, up from Tuesday's closing of 3,400/3,410. The shilling has lost 17.6 percent against the dollar this year."There's speculation in interbank that is fuelling significant selling of dollars in the interbank," said Shahzad Kamaluddin, trader at Crane Bank.Traders, Kamaluddin said, were speculating that the appetite for hard currencies from ...
South Africa's rand on the backfoot, stocks slip JOHANNESBURG: South Africa's rand fell against the dollar on Wednesday amid investor uncertainty over whether the central bank will raise interest rates this week.Stocks opened 0.13 percent lower at 46,687 points on South Africa's blue-chip Top-40 index.At 0730 GMT the rand had slipped 0.19 percent to 14.3000 per dollar, surrendering the gains of the previous session as the greenback climbed to a seven-month high.U.S. interest rates are expected rise before year-end.Government bonds were flat, with ...
Kenya's shilling barely changed after central bank holds rates steady  ADDIS ABABA: Kenya's shilling inched a tad lower on Wednesday, a day after the central bank kept its benchmark lending rate unchanged, traders said.By 0715 GMT, the shilling was quoted at 102.20/30 to the dollar, compared to Tuesday's close of 102.10/30."It is flat - the same as the past few days," said one Nairobi-based trader.A second trader said the local currency was expected to remain steady over the next few days.Kenya's central bank held its ...
South Africa's rand edges up ahead of rates decision, stocks up JOHANNESBURG: South Africa's rand edged slightly firmer against the dollar on Tuesday but was still within easy reach of the previous day's historical lows in nervous trade ahead of a central bank interest rate decision. Stocks were also higher with Brait among the top gainers after the investment heavyweight posted a higher first-half net asset value. By 1539 GMT the rand was 0.6 percent firmer at 14.2415 per dollar compared with where it ended Monday ...
Kenyan shilling steady in slow trade, stocks up NAIROBI: Kenya's shilling was steady on Tuesday as dollar demand eased. Stocks closed higher.At the 1330 GMT close of trade, commercial banks quoted the shilling at 102.10/30, compared to Monday's close of 102.20/30."There was hardly any activity at all," said one trader at a Nairobi-based commercial bank, adding the local currency was likely to stay in the 102.00-102.40 range throughout the week.Kenya's central bank held its benchmark lending rate at 11.50 percent on Tuesday, saying ...
Kenyan shilling steady as market awaits rate decision NAIROBI: Kenya's shilling strengthened slightly in early trading on Tuesday ahead of the central bank's rate-setting meeting later in the day, traders said.By 0715 GMT, the shilling was quoted at 102.15/25 to the dollar, compared to Monday's close of 102.20/30."The market is in a very tight range. Dollar demand is muted and supply is well-matched," said one trader at a commercial bank. The trader said the local currency was likely to stay in the 102.00-102.40 ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln