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Russian finance minister says S&P downgrade shows ‘pessimism’ MOSCOW: Russian Finance Minister Anton Siluanov said on Monday S&P's decision to downgrade Russia's credit rating to junk status showed the "pessimism" of the agency and failed to take into consideration stronger aspects of the Russian economy. He also said the decision was unlikely to affect capital markets as it had already been priced in.Copyright Reuters, 2015

Liberia 'optimistic' of zero Ebola cases by end-Feb GENEVA: Liberia, once the country worst hit by the Ebola outbreak, hopes to have no new cases by the end of next month, a government minister said on Monday.The worst outbreak of the virus in history has seen the west African nation and its neighbours Guinea and Sierra Leone register almost 9,000 deaths in a year.But according to the latest figures, the number of registered cases in Liberia is now just down to five against ...

US closes embassy in Yemen to public until further notice SANAA: The United States said on Monday that it has closed its embassy in Yemen to the public until further notice due to security concerns."Due to the recent resignation of the Yemeni president, prime minister, and cabinet, and the ongoing security concerns, the US embassy in Sanaa is unable to provide routine consular services and will have very limited ability to assist with emergency cases involving US citizens," the embassy said on its website."The US ...

Court rejects Vatican appeal to keep Swiss bank account secret GENEVA: A Swiss court rejected Monday an appeal by the Vatican's bank to keep secret information from one of its Swiss bank accounts suspected of being used for fraud.Judges at Switzerland's federal criminal court allowed the transfer of most information sought by prosecutors in Italy from the account held by the Vatican bank, officially known as the Institute for Religious Works (IOR), the daily Le Temps reported.Italian prosecutors suspect the account was used in 2007 ...

Russian riot police raid Crimean Tatar TV channel MOSCOW: Masked Russian riot police on Monday raided the office of a television channel serving Crimean Tatars, a minority ethnic group in Crimea that opposed Moscow's seizure of the peninsula from Ukraine last year.In a move the Organization for Security and Cooperation slammed as "intrusion" against the freedom of the media, dozens of armed masked men searched the headquarters of the ATR channel in the regional centre Simferopol, seizing servers and other equipments."This is the ...

Mexico mayor accused in journalist death: prosecutor MEXICO CITY: Prosecutors on Monday accused a small town mayor in eastern Mexico of ordering the murder of a journalist whose brutally tortured body was found over the weekend.Moises Sanchez Cerezo, 49, the editor and owner of La Union de Medellin newspaper, was killed on January 2, the same day he was kidnapped in the town of Medellin in the coastal state of Veracruz.His body was recovered after a former municipal policeman confessed that he ...

Bookmakers slash odds on Greece leaving the euro LONDON: Bookmakers slashed the odds on Greece abandoning the euro after an anti-austerity coalition swept to power on Monday, with one of the companies even suspending betting.Irish betting company Paddy Power said it was taking bets with odds of 4/1 on the troubled economy abandoning the bloc before 2018, meaning a successful bet of one pound would result in a win of four pounds.This compared with odds of 8/1 last month.The radical left party Syriza ...


Index Closing Chg%
Arrow DJIA 17,387.21 1.65
Arrow Nasdaq 4,681.50 1.89
Arrow S&P 2,029.55 1.34
Arrow FTSE 6,811.61 0.60
Arrow DAX 10,628.58 1.57
Arrow CAC-40 4,624.21 1.09
Arrow Nikkei 17,768.30 1.72
Arrow H.Seng 24,807.28 0.41
Arrow Sensex 29,571.04 1.00

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 25, 2015
Reserves $15.019 bln