Treasury 10-year note yields fell for the sixth week in a row, matching the longest streak since June, as slowing growth and concern Europe’s debt crisis is worsening bolstered the refuge appeal of U.S. government debt.
Yields on the benchmark note dropped to the lowest level in two months as government reports showed the U.S. economy expanded less-than-forecast in the first quarter and weekly jobless claims rose. U.S. payrolls added fewer than 200,000 positions in April for a second straight month, data next week may show, adding to expectations from investors including Bill Gross that the Federal Reserve is far from pulling back on monetary stimulus.
Kuwait: Credit at 5.9% in November with 2014 expected at 7% y/y
Credit growth was up in November, but failed to make up for recent weakness. Growth ticked up to 5.9% y/y on a KD 222 million gain in lending during the month, but remained weaker than expectations.
Ooredoo Oman Q4 profit falls 17pc to $21m
Ooredoo Oman, a leading telecoms operator, reported a net profit of RO8.3 million ($21.6 million) in the fourth quarter of 2014, down from RO10 million ($25.8 million) in the year-earlier period, mar
Funds turning positive on Saudi as oil stabilises
Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows.
Many fu
New plan aims to boost investment in Saudi
A new plan aims to transform Saudi Arabia’s investment landscape by further diversifying the economy, building its knowledge base, creating job opportunities and maintaining the ease of doing busines
Saudi Arabia’s Alhokair planning IPO of Egyptian malls unit
Saudi Arabia’s Fawaz Alhokair Group plans to raise as much as $400 million from the sale of shares in its Egyptian malls unit, owner of one of the country’s largest shopping centres.