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Gulf Mixed, Egypt Surges on Bond Issue Success 10 BUSINESS Friday, January 27, 2017 Gulf mixed, Egypt surges on bond issue success COUNTRY/CURRENCIES BUY SELL AUSTRALIA 0.2916 0.2891 BANGLADESH 0.00523 0.00478 Dubai advancers by 55 to 53. CANADA 0.2932 0.2900 DENMARK 0.0575 ulf stock markets On Monday the government Closing Bell EGYPT 0.0361 0.0219 Gwere mixed yesterday, plans to announce details EURO 0.4118 0.4097 supported by strong global of its long-term economic SAUDI ARABIA edged up 0.1 percent to 7,135 points. HONGKONG 0.04983 0.04943 equities and oil prices, while development plan, which INDIA 0.00605 0.00565 Egypt surged on the back of the could be positive for the DUBAI rose 0.6 percent to 3,701 points. INDONESIA 0.00002997 0.00028930 success of Cairo’s international stock market if gives more IRAN TUMAN 0.00010959 sovereign bond issue. impetus to big infrastructure ABU DHABI added 0.4 percent to 4,624 points. IRAQI DINAR 0.000294 The Saudi index edged projects. JAPAN 0.003480 0.003410 up 0.1 pc though losing Dubai’s index rose 0.6 pc QATAR fell 0.4 percent to 10,990 points. JORDAN 0.5365 0.5351 stocks outnumbered gainers in a broad rally, with all 10 of KOREA 0.00037425 by 99 to 52. Petrochemical the most heavily traded stocks EGYPT climbed 1.6 percent KUWAIT 1.2580 1.242 blue chip Saudi Basic gaining. GFH Financial, the MALAYSIA 0.087900 0.0873 Industries added 1.0 pc, while most active stock, rebounded KUWAIT gained 0.5 percent to 6,852 points. NEW ZEALAND 0.2778 0.2764 telecommunications firm 4.9 pc after plunging 9.7 pc on NORWAY 0.0474 OMAN fell 0.2 percent to 5,751 points. NEPAL 0.00406 0.00347 Zain Saudi rose 2.9 pc. Wednesday. OMAN 0.97962 0.97962 In a statement, international Qatar’s index fell 0.4 pc. BAHRAIN edged down 0.02 percent to 1,300 points. PAKISTAN 0.00371 0.00360 equity index compiler MSCI But Qatar International PHILIPPINES 0.00785 0.00758 said it welcomed reforms of Islamic Bank rose 3.0 pc QATAR 0.10381 0.10376 the Saudi stock market and despite reporting a 7 pc fall board proposed an annual as much as targeted when it SAUDI ARABIA 0.10061 0.26810 reiterated it could launch in in fourth-quarter net profit cash dividend of 40 percent, began a roadshow last week, SINGAPORE 0.2699 0.2679 June a study on whether to to 118.4 million riyals ($32.5 and a 10 pc bonus share issue. and at lower yields than SOUTH AFRICA 0.03000 0.02990 include Saudi Arabia in its million), slightly below QNB Egypt’s market, reopening initially expected. SRI LANKA 0.00279 0.00252 emerging market index. Financial Services’ forecast of after a public holiday on It was a vote of confidence SWEDISH 0.0458 . Kuwait’s index, which has 126.2 million riyals. Wednesday, climbed 1.6 pc in from foreign investors in the SWITZERLAND 0.3850 0.3825 surged more than 19 pc this Qatar Cement climbed moderate volume after news country and confirmation SYRIA 0.001740 0.0123 month, gained 0.5 pc yesterday 4.1 pc after annual net profit the government was set to sell that Cairo has access to TAIWAN 0.012600 in heavy trade, although expanded to 475.1 million $4 billion of Eurobonds in international capital markets THAILAND 0.010900 0.010890 decliners outnumbered riyals from 463.6 million. Its three tranches, raising twice to cover its deficits. (Reuters) TURKEY 0.1071 UNITED KINGDOM 0.4819 0.4790 UNITED ARAB EMIRATES 0.102800 0.102810 UNITED STATES OF AMERICA 0.37800 0.37805 YUAN 0.058500 0.0585 Facebook gets Barra as new VR head Rates are for indication purpose only. For firm rates or for currencies not listed above please San Francisco call Bahrain Financing Company. Telephone: 17228888, Website: www.bfc.com.bh future, and I’m looking forward to having ocial media giant Facebook announced him on our team.” late Wednesday it had recruited Hugo Barra caused a sensation in 2013 by Barra,S who recently quit a top position leaving Google to become a vice president with Chinese smartphone maker Xiaomi, at Xiaomi. The firm, created in 2010, as its new head of virtual reality. was little known outside China when it “I’m excited that Hugo Barra is joining recruited him to run its international COUNTRY 1 US DLR 1 UK STG 1 SFR 100 YEN Facebook to lead all of our virtual reality activities. efforts, including our Oculus team,” CEO He announced Monday he was BAHRAIN 0.3770 0.4696 0.3767 0.3351 Mark Zuckerberg announced on his returning to the United States, saying KUWAIT 0.2855 32.1159 0.2853 0.2538 personal Facebook page. it was time to return home for a “new “Hugo shares my belief that virtual and adventure”. He did not elaborate. OMAN 0.3849 0.3852 0.3846 0.3422 augmented reality will be the next major Barra described his experience with QATAR 3.6420 3.6449 3.6391 3.2376 computing platform. They’ll enable us Xiaomi as a “spectacular” journey, but UAE 3.6730 3.6759 3.6701 3.2652 to experience completely new things said that the last few years of living “in and be more creative than ever before,” such a singular environment have taken a SAUDI 3.7500 3.7530 3.7470 3.3336 Zuckerberg wrote. huge toll on my life and started affecting Hugo Barra “Hugo is going to help build that my health”..
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