Just in:  

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

Middle East & Africa


Kenyan central bank intervenes after shilling hits new 3-year low NAIROBI: Kenya's central bank sold dollars to banks on Monday to prop up the shilling after the currency weakened to a new three-year low beyond a psychologically important level, hurt by demand for the greenback from the energy sector.The shilling fell to an intraday low of 92.32/42 against the dollar, beyond the 92 level and its lowest point since Nov. 2011, having closed at 91.75/85 on Friday. The drop prompted the central bank to sell an unspecified amount of dollars, traders said, helping the shilling to cut some of its losses to trade at 92.05/15 in the afternoon.A trader at one Nairobi-based commercial bank said dollar demand from the energy sector forced the shilling through the 92 level in early trade."We attribute (the sharp weakening) to some panic buying," said the trader, adding that the central bank was calling currency dealers to ask how the shilling was trading.Other regional currencies ...

South Africa's rand firmer, still at risk to local, offshore strains JOHANNESBURG: South Africa's rand firmed against the dollar early on Monday ahead of a busy data week in which worrying growth indicators and the increased likelihood of a US rate hike could push it lower.At 0615 GMT the rand had firmed 0.34 percent to 12.4400 per dollar against a close of 12.4825 in New York, as the dollar took a breather from its recent rally, allowing the local unit to pull back from 13-year lows ...
Egyptian pound steady on official market, stronger on black market CAIRO: Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Sunday while the currency strengthened on the parallel market.The bank said it had offered $40 million and sold $38.2 million at a cut-off price of 7.5301 pounds per dollar, unchanged from its last auction held on Thursday. The central bank has now kept the official exchange rate steady for more than a month after letting ...
South Africa rand extends losses against dollar JOHANNESBURG: South Africa's rand extended losses against the dollar on Thursday, falling to a new 13-year low, as emerging markets felt the squeeze from the rising US currency. "It remains a dollar scenario, the dollar is just not stopping, emerging markets in general are under huge pressure," said Ion de Vleeschauwer, a currency dealer at Bidvest Bank. Government bonds tracked the rand, with the yield for the 2026 benchmark down 12 basis points to 7.995 ...
Rand recovery seen short-lived, importers worried JOHANNESBURG: South Africa's rand recovered slightly from steep losses to the dollar on Thursday but local importers worried the rebound was not enough to prevent them from paying more as they renewed their contracts.By 1612 GMT the rand was up 0.16 percent to 12.2700 to the dollar. Against a firmer euro, the currency of a major import destination for Africa's most advanced economy, the rand had weakened by over half a percent to 13.0311."We are ...
Ugandan shilling on the ropes, others rangebound KAMPALA: Uganda's shilling could remain under pressure next week after falling to a series of record lows as banks and factories bought dollars, while other currencies are likely to trade rangebound.UGANDAThe Ugandan shilling could lose more ground as foreign investors cut their debt positions, worried by the state's plans for increased spending in the current 2014/15 fiscal year, traders said. Dollar demand from manufacturers could also add to the local currency's losses.The shilling closed at ...
South Africa rand recoups some losses, could fall further JOHANNESBURG: South Africa's rand recouped some of its steep losses on Wednesday as investors sold dollars to book profits, but still hovered near 13-year lows it hit after a sell-off of emerging market currencies in the previous session.By 1500 GMT the rand had gained 0.51 percent to 12.3065 per dollar, losing some of the momentum that saw the unit recover more than 1 percent to a session high of 12.2445, keeping the rand near its ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln