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World food prices dip to 4-year low in September: FAO ROME: World food prices fell to their lowest since August 2010 in September as prices of all major food groups except meat dropped, led by a sharp decline in dairy prices, the UN's food agency said on Thursday.The Food and Agriculture Organisation's (FAO) price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 191.5 points in September, down 5.2 points or 2.6 percent from August.The figure was 12.2 points or 6.0 percent below September 2013.It was the sixth consecutive slip in the index, which FAO said was the longest period of continuous falls since the late 1990s. Affecting all international commodity prices is "the US dollar's broad appreciation," FAO said.The Russian ban on dairy imports from countries that have imposed sanctions on Moscow over the conflict in Ukraine continues to weigh on dairy prices, FAO said.European Union dairy farms are moving away ...

China's economy likely wobbled in Sept on softer demand BEIJING: Softer domestic demand probably pulled down growth in China's imports, investment and retail sales to multi-month or multi-year lows in September, raising questions about whether policymakers should do more to fight the economic slowdown.Fading momentum worldwide would add to bets that the world's second-largest economy likely slowed in the third quarter as its sagging housing market increasingly weighed on other sectors.Retail sales likely grew at their slowest pace in about 3-1/2 years in September, ...
Irish inflation falls in September DUBLIN: Ireland's consumer price index (CPI) fell 0.2 percent month-on-month in September, reversing a 0.2 percent price rise in August, official figures showed on Thursday.Annual CPI inflation slowed to 0.3 percent in September from 0.4 percent the previous month, the Central Statistics Office said.The Harmonised Index of Consumer Prices (HICP), which strips out mortgages, fell 0.3 percent in September, but was up 0.5 percent from a year earlier.Copyright Reuters, 2014 ...
Egypt consumer inflation falls to 11.1pc in September CAIRO: Egypt's annual urban consumer inflation fell to 11.1 percent in September from 11.5 percent in August, CAPMAS, the official statistics agency, said on Thursday.Egypt's economy has been in turmoil since a popular uprising ousted autocrat Hosni Mubarak in 2011, deterring tourists and foreign investors and straining the country's finances and foreign reserves.Annual inflation reached its highest rate in nearly four years in November, then began falling back until the government introduced fuel price increases ...
Thai 2014 GDP growth seen at 1.7pc BANGKOK: Thailand's economy is expected to grow 1.7 percent this year, a pace slower than the Finance Ministry's previous official estimate of 2.0 percent made in July, a senior ministry official said on Thursday.The country's exports and investment have not yet recovered, Permanent Secretary Rungson Sriworasat told a seminar.The ministry is due to release its new forecast later this month.Last week, Finance Minister Sommai Phasee said the government's recently announced measures could lift growth this ...
Turkey cuts growth estimates, raises inflation forecast ANKARA: Turkey has slashed its growth estimates and raised its inflation forecast for 2014 and 2015, Deputy Prime Minister Ali Babacan said on Wednesday, citing unfavourable conditions in the global economy.Turkish government officials have warned that tensions in Iraq and Syria, as well as Ukraine, combined with slower growth in Europe could hit the economy, putting pressure on the central bank to cut rates and support growth.Fighting inflation will continue to be the fundamental priority ...
OECD sees stable growth for major economies, weaker in euro zone PARIS: Most major world economies are continuing to show stable growth momentum, but within the euro zone Germany and Italy are losing steam, the OECD said on Wednesday.The figures from the Paris-based Organisation for Economic Cooperation and Development added to a range of recent surveys which pointed to weakness in the euro area and came a day after the International Monetary Fund cut its global growth forecasts.The OECD said its leading indicator covering 33 member ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln