Conscious / the most important economic news and the Arab world / economic report
General Supervisor
21/10/2010 9:35 am
World markets have seen changes in the market and economies affected by the specter of global financial crisis and the unprecedented rise of the currency market and the instability of oil prices we observe in the context of the report the following:
Baghdad - shut down the Iraqi Central Bank on Wednesday fourth sessions DIFC Week for the sale and purchase of foreign currency and the dollar high level of sales of the dollar to 135.91 million dollars, after rising at its previous investigators 173.247 million dollars at a stable exchange rate was 1170 dinars per dollar. The Information Office of the bank in the bulletin I got (Agency Information / INA) copy them to the total sales were only amounts transferred out of the country reached 135.91 million dollars kick Bank in cash and at a stable conversion reached 1179 dinars per dollar, including the commission of the bank of $ 9 dinars per dollar. It was not any trading of the bank cash for a sixth , respectively . Did not make the 15 banks participating in the auction of any offers to buy the dollar, note that the Central Bank of Iraq Itqdy a commission of $ (13) dinars per dollar with a deduction of (
dinars per dollar for the amounts purchased. The Iraqi central bank held five meetings during the week its financial support for the sale and purchase of foreign currencies and the dollar.
Dubai - The main index fell for the Egyptian Stock Exchange no. G. X-30 for the fifth meeting on Wednesday under the pressure of Orascom Telecom and Qatar's index fell to its lowest level in two weeks as investors booked profits to sales. And varied stock markets in the region and landed most of the shares listed in the index of Egypt, which fell 1.3 percent. There was an atmosphere of pessimism in the market about where Orascom Telecom Algeria taxes overshadowed by claims on the company's deal to sell more than half of its assets to Russia's VimpelCom. Shares in Orascom Telecom, 1.4 percent in trading on the company faces intense back-tax claims over 800 million owed for its Algerian Jazzy. In Qatar, the bank stocks fell with the decline in the index to its lowest level in two weeks in light of investors booked profits. Shares in Commercial Bank of Qatar 2.6 percent a day after the Bank recording an increase of 28.9 percent in net profit for the third quarter of the year. The shares also fell, Doha Bank 1.8 percent. The bank grew by 37 percent in quarterly net profit. And led the Dubai Islamic Bank shares rally in late trading, increased 5.1 percent to its highest level in six months. Shares of Emaar Properties, up 0.3 percent after falling in the previous four sessions. Shares of Emirates Telecommunications Corp (Etisalat) to its lowest level in three months to put pressure on the general index of the Abu Dhabi market. Shares in Telecom 2.1 percent a day after the registration of the company a decrease of 23 percent in net profit for the third quarter. The Abu Dhabi index fell 0.8 percent, down from the highest level in six months, which struck on Tuesday.
Brussels - The European Commission unveiled its plans to develop a European framework for crisis management in the financial sector.
UNHCR stressed the executive arm of the European Union, that those plans open the way for new legislation due to be published early next year to create a comprehensive framework for crisis management of banks and investment companies in Europe.
He said the European Commissioner for Internal Market and Services Michel Barnier told a news conference "In the beginning you should try to avoid a financial crisis in the future." Barnier said "this is our work to make the banking sector more robust and create a regulatory framework for real is very important." He continued, "but the banks will continue to face difficulties in the future and could also fail and must be allowed to do so, but we need to make sure it can do so without dropping the entire financial system or risk inviting taxpayers to bear the costs."
Tokyo - The Japanese stock market decline at the close of market dealings, Tokyo Stock Exchange (Stock Exchange) yesterday, influenced by the popular with many investors taking profits after China's surprise decision to raise interest rates on the previous day in order to contain inflation. The Nikkei lost 85.157 points, or by 65.1 percent to 60.9381 points yesterday, its lowest close since trading of the fourth month. It also lost the broader Topix index 04.10 points, or by 20.1 percent to reach 69.823 points. The Chinese central bank announced yesterday raised interest rates by 25.0 percentage points in the first increase since December 2007, sparking investor fears of slowing economy in the world Osar growth and its implications on the global economy. In the currency markets the dollar 23.85 - 26.85 yen, compared with 54.81 - 64.81 yen in New York and 38.81 - 40.81 yen in Tokyo at the close of trading yesterday.
LONDON - Gold climbed on Wednesday as the dollar fell sharply against the euro and the yen, where he finished gold price of transactions online trading session in London at U.S. $ 1344.00 an ounce (ounce), up from U.S. $ 1336.00 in the previous close in New York. And stepped up gold futures for delivery in December of $ 8.30 to U.S. $ 1344.30 an ounce. The precious metal has fallen 2.5 percent on Tuesday, its biggest loss for a single day since the first of July, after China raised interest rates by 25 basis points, which helped the dollar recover. Silver prices ended the transaction online trading in London at 23.80 dollars a troy ounce, compared with 23.22 dollars the previous close in New York after the biggest losses recorded since the first of July last Tuesday when it fell 4.1 percent. And silver is one of the biggest gainers among the precious metals this year, with recorded gains of 41 percent. Platinum rose to 1676.49 dollars a troy ounce from U.S. $ 1667.50 while palladium rose to 584.99 dollars an ounce from 573.08 dollars
http://al-iraqnews.net/new/economic-news/31097.html
General Supervisor
21/10/2010 9:35 am
World markets have seen changes in the market and economies affected by the specter of global financial crisis and the unprecedented rise of the currency market and the instability of oil prices we observe in the context of the report the following:
Baghdad - shut down the Iraqi Central Bank on Wednesday fourth sessions DIFC Week for the sale and purchase of foreign currency and the dollar high level of sales of the dollar to 135.91 million dollars, after rising at its previous investigators 173.247 million dollars at a stable exchange rate was 1170 dinars per dollar. The Information Office of the bank in the bulletin I got (Agency Information / INA) copy them to the total sales were only amounts transferred out of the country reached 135.91 million dollars kick Bank in cash and at a stable conversion reached 1179 dinars per dollar, including the commission of the bank of $ 9 dinars per dollar. It was not any trading of the bank cash for a sixth , respectively . Did not make the 15 banks participating in the auction of any offers to buy the dollar, note that the Central Bank of Iraq Itqdy a commission of $ (13) dinars per dollar with a deduction of (
dinars per dollar for the amounts purchased. The Iraqi central bank held five meetings during the week its financial support for the sale and purchase of foreign currencies and the dollar.Dubai - The main index fell for the Egyptian Stock Exchange no. G. X-30 for the fifth meeting on Wednesday under the pressure of Orascom Telecom and Qatar's index fell to its lowest level in two weeks as investors booked profits to sales. And varied stock markets in the region and landed most of the shares listed in the index of Egypt, which fell 1.3 percent. There was an atmosphere of pessimism in the market about where Orascom Telecom Algeria taxes overshadowed by claims on the company's deal to sell more than half of its assets to Russia's VimpelCom. Shares in Orascom Telecom, 1.4 percent in trading on the company faces intense back-tax claims over 800 million owed for its Algerian Jazzy. In Qatar, the bank stocks fell with the decline in the index to its lowest level in two weeks in light of investors booked profits. Shares in Commercial Bank of Qatar 2.6 percent a day after the Bank recording an increase of 28.9 percent in net profit for the third quarter of the year. The shares also fell, Doha Bank 1.8 percent. The bank grew by 37 percent in quarterly net profit. And led the Dubai Islamic Bank shares rally in late trading, increased 5.1 percent to its highest level in six months. Shares of Emaar Properties, up 0.3 percent after falling in the previous four sessions. Shares of Emirates Telecommunications Corp (Etisalat) to its lowest level in three months to put pressure on the general index of the Abu Dhabi market. Shares in Telecom 2.1 percent a day after the registration of the company a decrease of 23 percent in net profit for the third quarter. The Abu Dhabi index fell 0.8 percent, down from the highest level in six months, which struck on Tuesday.
Brussels - The European Commission unveiled its plans to develop a European framework for crisis management in the financial sector.
UNHCR stressed the executive arm of the European Union, that those plans open the way for new legislation due to be published early next year to create a comprehensive framework for crisis management of banks and investment companies in Europe.
He said the European Commissioner for Internal Market and Services Michel Barnier told a news conference "In the beginning you should try to avoid a financial crisis in the future." Barnier said "this is our work to make the banking sector more robust and create a regulatory framework for real is very important." He continued, "but the banks will continue to face difficulties in the future and could also fail and must be allowed to do so, but we need to make sure it can do so without dropping the entire financial system or risk inviting taxpayers to bear the costs."
Tokyo - The Japanese stock market decline at the close of market dealings, Tokyo Stock Exchange (Stock Exchange) yesterday, influenced by the popular with many investors taking profits after China's surprise decision to raise interest rates on the previous day in order to contain inflation. The Nikkei lost 85.157 points, or by 65.1 percent to 60.9381 points yesterday, its lowest close since trading of the fourth month. It also lost the broader Topix index 04.10 points, or by 20.1 percent to reach 69.823 points. The Chinese central bank announced yesterday raised interest rates by 25.0 percentage points in the first increase since December 2007, sparking investor fears of slowing economy in the world Osar growth and its implications on the global economy. In the currency markets the dollar 23.85 - 26.85 yen, compared with 54.81 - 64.81 yen in New York and 38.81 - 40.81 yen in Tokyo at the close of trading yesterday.
LONDON - Gold climbed on Wednesday as the dollar fell sharply against the euro and the yen, where he finished gold price of transactions online trading session in London at U.S. $ 1344.00 an ounce (ounce), up from U.S. $ 1336.00 in the previous close in New York. And stepped up gold futures for delivery in December of $ 8.30 to U.S. $ 1344.30 an ounce. The precious metal has fallen 2.5 percent on Tuesday, its biggest loss for a single day since the first of July, after China raised interest rates by 25 basis points, which helped the dollar recover. Silver prices ended the transaction online trading in London at 23.80 dollars a troy ounce, compared with 23.22 dollars the previous close in New York after the biggest losses recorded since the first of July last Tuesday when it fell 4.1 percent. And silver is one of the biggest gainers among the precious metals this year, with recorded gains of 41 percent. Platinum rose to 1676.49 dollars a troy ounce from U.S. $ 1667.50 while palladium rose to 584.99 dollars an ounce from 573.08 dollars
http://al-iraqnews.net/new/economic-news/31097.html