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Global oil prices likely to stay relatively low: Biden WASHINGTON: Global oil prices are likely to remain relatively low over the next several years, US Vice Joe Biden told a Caribbean energy security summit on Monday. "Now under $50 a barrel it is likely to remain relatively low for at least the near term, the next several years," Biden told the summit. Oil prices have fallen almost 60 percent since June to below $49 a barrel on global oversupply.Copyright Reuters, 2015

Wall Street hunkers down as blizzard roars into region; exchanges open NEW YORK: Wall Street traders scrambled to get home or booked hotel rooms on Monday as a potentially historic blizzard bore down on the US northeast, prompting some banks to close branches in the region, though major exchanges said they would remain open as usual. Financial professionals planned to work from home or in remote offices, as the storm threatens to dump up to 3 feet (90 cm) of snow on the East Coast and ...

Europe warns Greece's Syriza to stick to austerity BRUSSELS: The EU issued Monday a stern warning to Greece that its place in the eurozone was at risk if new Prime Minister Alexis Tsipras failed to meet the country's austerity and debt commitments.From Brussels to Berlin officials said they were ready to talk to the new government led by Tsipras' radical left party Syriza, but insisted that Athens must stick to existing agreements with its international creditors.Eurozone finance ministers met in Brussels a day ...

Detained Omani hunger striker health worsening: Amnesty DUBAI: Amnesty International warned Monday of the "seriously" deteriorating health condition of a detained Omani human rights defender on hunger strike since his January 21 arrest in the city of Salalah.Saeed Jaddad, who led Arab Spring-inspired protests in the sultanate in 2011, was hospitalised on January 23, two days after he started a hunger strike following his arrest.He was returned to police custody on Monday, and authorities had "ignored" medical advice and were preparing to ...

Attack on Ukraine's Mariupol targeted civilians: UN UNITED NATIONS: A rocket attack on the Ukrainian city of Mariupol that killed 30 people at the weekend targeted civilians and the perpetrators must be brought to justice, a senior UN official said Monday.UN Under Secretary-General Jeffrey Feltman told an emergency Security Council meeting that a crater analysis by European monitors showed the rockets were fired from territory controlled by pro-Moscow rebels."Mariupol lies outside of the immediate conflict zone. The conclusion can thus be drawn ...

Ten dead, 13 injured in Greek fighter jet crash in Spain MADRID: A Greek fighter jet crashed Monday on takeoff at a military airbase in Spain housing a NATO training centre for elite pilots, killing 10 people and injuring 13, the defence ministry said.The F-16 jet "lost power" as it took off from the base near the southeastern city of Albacete and crashed into an area where other planes were parked, striking several of them, the defence ministry said in a statement.Television footage showed flames billowing ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln