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China to raise retail price of gasoline and diesel BEIJING: China will raise retail prices for gasoline by 390 yuan ($62) per tonne and for diesel by 375 yuan ($60) per tonne from Saturday as oil prices moved off lows plumbed last month, the country's powerful economic planning agency said on Friday.The hike is the second consecutive price increase by the National Development and Reform Commission (NDRC), which can adjust fuel price ceilings on a bi-weekly basis.The pricing system, adopted in March 2013, ensures a closer link to the global price of crude oil.Copyright Reuters, 2015

Turkey police arrest man after bomb threat outside US consulate ISTANBUL: Turkish police on Friday arrested a man who threatened to set off a bomb outside the US consulate in Istanbul, local media reported.The suspect was not carrying any explosives, according to initial reports, the private Dogan news agency said.Police cordoned off the street outside the consulate after the detention of the suspect, who was described as "mentally instable," reports said.Istanbul remains on high security alert after a female suicide bomber blew herself up in ...

Greek economy contracts more than first thought: official data ATHENS: Greece's troubled economy contracted by 0.4 percent in the fourth quarter of 2014 instead of the 0.2-percent figure given earlier this month, the state statistics agency said on Friday."Available seasonally adjusted data indicate that in the fourth quarter of 2014 the gross domestic product in volume terms decreased by 0.4 percent compared with the third quarter of 2014 against the decrease of 0.2 percent that was calculated for the flash estimate," the agency said.The ...

Zimbabwe's Mugabe says wife not running the show HARARE: Zimbabwe's 91-year-old President Robert Mugabe has declared he is still in charge, dismissing speculation that his increasingly powerful wife Grace is now running the show.In an interview with the state broadcaster Zimbabwe Broadcasting Corporation (ZBC) late Thursday, Mugabe said his wife's surprise rise to power in the ruling party did not mean she was now in charge of the party or state affairs.Grace Mugabe last year became the leader of the influential women's wing ...

Ukrainian pilot could 'die within days' in Russian jail MOSCOW: A Ukrainian airforce pilot, who has been on hunger strike in a Russian prison for 77 days, "could die within days," a member of the Kremlin's human rights council said Friday.Nadia Savchenko, a 33-year-old helicopter navigator, who has been charged with involvement in the deaths of two Russian reporters in a mortar attack in east Ukraine, has been held in a Moscow jail for nearly nine months.Savchenko denies the charges and says she was ...

Swedish Q4 GDP beats expectations, dilemma for central bank STOCKHOLM: Sweden's economy grew at the fastest pace in more than three years in the fourth quarter, presenting the Riksbank with a conundrum of whether to cut rates further to battle deflation.The Swedish crown strengthened 5 ore to 9.35 crowns versus the euro on the news, an unwelcome rise for the central bank which hopes a weak currency will help raise prices.The economy grew 1.1 percent in the fourth quarter from the previous three month ...

German parliament approves Greek bailout extension BERLIN: Germany's parliament approved an extension of Greece's bailout on Friday after Finance Minister Wolfgang Schaeuble, who has voiced doubts about whether Athens can be trusted, promised it would not be allowed to "blackmail" its euro zone partners.With 542 lawmakers voting in favour, including almost all of Chancellor Angela Merkel's right-left coalition plus the opposition Greens, it was the biggest majority for any euro zone rescue package so far in the 631-seat chamber.The Bundestag vote ...


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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

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