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Global energy sector needs $48trn investment ISLAMABAD: Energy demand in the Gulf is set to triple in the next fifteen years far outstripping today's supply, said the findings of a report on energy.Closing the global energy gap will require $48 trillion of investment over the next 20 years in projects that provide additional energy generation capacity and improve the efficiency of energy use, found NBAD's `Financing the Future of Energy Report', which was launched at the Global Financial Markets Forum in Abu Dhabi, Khaleej Times reported Monday.The report sets out the changing nature of the global energy mix over the next decade, which will see an increased contribution from renewables.The report highlights the growing demand for sustainable energy; and how the community can engage with public and private sector stakeholders to create a more integrated energy mix for the future.More than half of the investment in new electricity generation worldwide is in renewables; solar PV will ...


Spain, Italy debt yields hit record lows as QE details eyed LONDON: Spanish, Italian and Portuguese government bond yields hit fresh record lows on Monday with investors in buoyant mood before the start of the European Central Bank's monthly securities buying programme.The ECB is expected to give details at its policy meeting on Thursday on how it will roll out the monthly 60-billion euro quantitative easing programme aimed at reviving inflation and the euro zone economy.Spanish and Italian 10-year yields fell 4 basis points to all-time ...

MIDEAST STOCKS-Egypt rebounds, Saudi Arabia flat DUBAI: Egypt's stock market rebounded on Monday after bullish comments from government officials and executives and signs that the planned parliamentary election will go ahead soon, despite a court ruling that called its timing into question. Saudi Arabia's bourse was nearly flat.The main Cairo index climbed 1.4 percent, largely because of investment bank EFG Hermes, which surged 5.6 percent.Chief executive Karim Awad said on Sunday that EFG Hermes was studying investments in renewable energy and ...

FTSE touches new record high as Intertek and miners rise LONDON: Britain's top equity index climbed on Monday to set a new record high, breaking through last month's peak, as a rise in mining stocks and Intertek lifted the market.The blue-chip FTSE 100 equity index rose as much as 0.3 percent to a record intraday high of 6,972.01 points. The index is up around 6 percent since the start of 2015."The FTSE is moving slowly towards 7,000 points. Momentum-wise, it's looking pretty positive, and you've ...

Dollar near 11-year high after Chinese rate cut LONDON: The dollar hovered around an 11-year high against a basket of major currencies on Monday, helped by the fallout from a cut in Chinese interest rates which added to renewed pressure in the past week on the euro.Dealers and analysts in London, where 60 percent of the world's currency trade is done, said the main theme of the next week would be how markets will deal with the launch of outright money-printing by the ...

Hong Kong stocks close 0.26pc higher HONG KONG: Hong Kong and Shanghai stocks rose Monday after China's central bank cut interest rates for the second time in just over three months as it tries to boost the economy.The benchmark Hang Seng Index ended up 0.26 percent, or 64.15 points at 24,887.44 on turnover of HK$79.70 billion ($10.29 billion).In mainland China the Shanghai Composite Index rose 0.79 percent, or 25.99 points, to 3,336.29 on turnover of 410.3 billion yuan ($65.4 billion).The Shenzhen ...


 



 
Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
Arrow CAC-40 4,917.32 0.69
Arrow Nikkei 18,826.88 0.15
Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln