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Egypt consumer inflation rises to 11.8pc in October CAIRO: Egypt's annual urban consumer inflation quickened to 11.8 percent in October from 11.1 percent in September, the official statistics agency CAPMAS said on Monday.Inflation fell in September after a rise this summer triggered by the government's introduction of fuel price increases.Annual inflation reached its highest rate in nearly four years a year ago, then began falling until the fuel price hikes in July.Mohamed Abu Basha, an economist at EFG-Hermes, said he had predicted a smaller increase."It came above expectations and that's solely due to the jump in the category of education", he said, noting that the back-to-school period usually spurs a price hike but not the 25 percent registered by CAPMAS for October.He said other items across the consumer basket saw mild increases, such as 0.9 percent month-on-month for food prices.The Arab world's most populous country has been trying to repair an economy battered by political upheaval, street protests ...

Czech CPI up 0.2pc in October, above forecasts PRAGUE: Czech consumer prices rose by 0.2 percent on a monthly basis in October, putting the year-on-year inflation rate at 0.7 percent, in line with market expectations, statistics office data showed on Monday.The annual rate matched analysts' forecasts of a 0.7 percent rise. Analysts in a Reuters poll had expected prices to grow 0.1 percent on the month.The statistics office said year-on-year inflation was mainly influenced by a rise in transport prices and some food ...
Romania trade deficit widens 2.6pc y/y in Jan-Sept BUCHAREST: Romania's trade deficit widened 2.6 percent on the year to 4.28 billion euros (5.34 billion US dollar) in the first nine months, the National Statistics Board said on Monday.The statistics board said CIF (cost/insurance/freight) imports rose 6.6 percent to 43.4 billion euros in January-September and exports grew 7.1 percent to 39.1 billion euros.September's trade shortfall was 485 million euros, with exports rising 6.6 percent from the same period of last year.Copyright Reuters, 2014 ...
Putin says China, Russia to settle more trade in yuan BEIJING: Russia and China intend to increase the amount of trade settled in the yuan, President Vladimir Putin said on Monday in remarks that would be welcomed by Chinese authorities who want the currency to be used more widely around the world.Speaking at an Asia Pacific Economic Cooperation summit in Beijing, Putin also ruled capital controls for Russia and vowed to keep its foreign debt level below 15 percent of gross domestic product (GDP)."As part ...
Italy September industry output dive bodes ill for Q3 GDP ROME: Italian industrial output dropped a much steeper than expected 0.9 percent in September, data showed on Monday, increasing the likelihood of yet another economic contraction in the third quarter.National statistics institute ISTAT marginally lowered August's data to a rise of 0.2 percent from 0.3 percent, and over the whole of the third quarter output was down 1.1 percent from the previous three months.That followed a 0.5 percent decline in the second quarter and was ...
IMF sees Niger's economy speeding up to 6.5 percent growth this year NIAMEY: Niger's economy is on track to expand by 6.5 percent this year with increased oil and uranium production likely to sustain high levels of growth in the medium term, the International Monetary Fund said late on Sunday.The West African nation recorded GDP growth of 4.1 percent in 2013, falling short of initial projections after poor harvests offset higher crude oil output."In the short term, the principal risk is a new deterioration in the regional ...
Euro zone sentiment recovers slightly in Nov to 11.9 BERLIN: Sentiment in the euro zone recovered slightly in November after three months of decline as investors took heart that a more dynamic global economy propped up by the United States and Japan could lift the currency bloc, a survey showed on Monday.Sentix research group's index tracking morale among investors in the euro zone rose to -11.9 in November from -13.7 the previous month, bettering the consensus forecast in a Reuters poll for a reading ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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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
WeeklyApril 16, 2015
Reserves $16.818 bln