ARAB TIMES, SATURDAY, NOVEMBER 7, 2015
BUSINESS
33
Slovakia to seal JLR deal by year-end: minister
Indian-owned Jaguar Land Rover
(JLR) will ink an agreement with
Slovakia by year end to build a car
manufacturing
plant
there,
Slovakia’s economy minister said
Thursday.
“By the end of this year an
agreement will be signed, which
creates a formal base for Land
Rover to come to Slovakia,”
Economy Minister Vazil Hudak
the
told reporters in Bratislava.
“Discussions are ongoing, we
now have the first draft of the
investment agreement which
should be concluded between the
Slovak government and Jaguar
Land Rover.”
On Wednesday, Hudak had
another round of negotiations with
Alexander Wortberg, chief operating officer for the JLR factory
Oil prices weaken; gold at 3-month low
NEW YORK, Nov 6,
(Agencies):
The
dollar
jumped more than 1 percent
to a 7-month high and shortterm benchmark US bond
yields rose to their highest in
five years on Friday, after
stronger-than-expected jobs
data left investors expecting
the first rise in US interest
rates in almost a decade next
month.
FRANKFURT: Deutsche Telekom on
Thursday confirmed its full-year profit
targets after rising mobile subscriber
numbers in the United States and the
expansion of its fibre-optic network in
Germany buoyed business in the third
quarter.
“Deutsche Telekom’s performance in
the third quarter of 2015 was dominated
by double-digit growth rates in the most
important financial indicators,” the company said in a statement.
Net profit increased by 59.9 percent to
809 million euros ($879 million) in the
period from July to September. (AFP)
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FRANKFURT: German reinsurance
giant Munich Re said Thursday it is
sticking to its full-year profit target even
though the recent turbulence on financial
markets hit earnings in the third quarter.
“For the current financial year,
Munich Re is still aiming for a profit of
at least 3.0 billion euros” ($3.3 billion),
the company said in a statement.
In 2014, net profit amounted to 3.2
billion euros.
In the period from July to September,
bottom-line profit fell by 28.7 percent to
525 million euros.
Underlying or operating profit was
down 36.2 percent at 579 million euros
on 3.6-percent increase in gross premium income to 12.481 billion euros.
(AFP)
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Wall Street dipped modestly,
rebounding from earlier losses, a sign
that investors have grown comfortable with the idea that the Fed will
raise rates before the end of the year.
The health of the US labor market is a
key factor in the Federal Reserve’s thinking. A total of 271,000 non-farm jobs
were added in the US economy last
month, easily topping expectations of
180,000. That was the largest rise since
December 2014, with wages also increasing at a robust clip.
The unemployment rate fell to 5 percent while payrolls data for August and
September were revised to show 12,000
more jobs created than previously reported.
That boosted federal-funds futures
contracts that bet on the Fed’s next
moves. Expectations for a December
increase were up to about 73 percent in
the wake of the report, from 58 percent
one day ago.
The two-year Treasury yield rose to its
highest in five years, boosting the gap
between US and German yields to its
widest since late 2006. The two-year
yield rose to 91 basis points, while the
10-year sold off, boosting its yield to 2.34
percent.
A broad worldwide index of equities
was lower, losing 0.6 percent.
The dollar rose more than 1 percent
against most major currencies such as the
euro, the yen and the British pound.
Sterling fell to a six-month low against
the dollar and also slipped against the
euro, a day after it was sent tumbling
after the Bank of England kicked a UK
rate hike down the road.
It fell to $1.5073, down 0.9 percent on
day.
The stronger dollar added downward
pressure to crude oil, which was already
dragged down by oversupply concerns,
and to OPEC currencies.
US crude fell 1.8 percent to $44.39 a
barrel, after falling more than 2 percent in
the previous session. Brent dropped 1.1
percent to $47.43 a barrel.
Spot gold was down to $1,086 an
ounce, a three-month low, and on track
for a 4.5 percent loss for the week.
SAN FRANCISCO: Take another discount on the stock price: Groupon fell
hard on Wednesday as the company’s
new chief executive laid out his strategy
in the face of a weakening sales.
In midday trade, the daily deals group
Groupon traded down 27 percent at
$2.93 — after already tumbling some 75
percent over the past two years
Groupon on Tuesday named Rich
Williams as its new CEO, replacing cofounder Eric Lefkofsky as the company
reported a loss of $27.6 million in the
past quarter and offered a weak outlook
for the next three months.
Williams said Groupon “will renew
our investment in customer acquisition
to introduce more new customers to our
marketplace and accelerate growth.”
(AFP)
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ZURICH: Zurich Insurance on
Thursday said third-quarter profits fell
79 percent, after the company was hit
with $275 million (254 million euros) in
losses following the industrial disaster in
Tianjin, China.
Switzerland’s largest insurance
provider posted after-tax profits of $207
million, down from $966 million over
the same period last year, a plunge also
linked to poor performance in its general
insurance unit.
The firm’s performance was below
projections from analysts polled by the
AWP agency, who had expected profits
of $241 million.
Chief executive Martin Senn said in a
statement that a “comprehensive review”
of the business aimed at restoring profitability would lead to changes in the
management structure and job cuts.
(AFP)
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PARIS: The French industrial group
Alstom said Wednesday it planned to
stage a 3.2-billion-euro ($3.47-billion)
share buyout following the sale of its
energy assets to General Electric.
Under the offer, 91.5 million shares,
amounting to 29.5 percent of capital,
will be repurchased at 35 euros apiece
and then cancelled under a strategy to
refocus the company, it said in a statement.
The offer price is a 17.6-percent premium over Tuesday’s market close, and
21.8-percent higher than the weighted
average for the previous month, it said.
Bouygues, which currently owns
around 29.2 percent of Alstom’s capital,
will add a number of shares to the proposal so that its current stake is maintained at a similar level, Alstom said.
(AFP)
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FRANKFURT: Adidas, the German
maker of sportswear and equipment,
raised its full-year sales and profit targets on Thursday as strong demand for
its Adidas and Reebok brands powered a
strong third-quarter performance.
“In the third quarter of 2015, the
Adidas group delivered a stellar financial
performance,” boasted chief executive
Herbert Hainer.
In the period from July to September,
net profit rose by 10.4 percent to 311
million euros ($338 million).
Underlying or operating profit was up
26.5 percent at 505 million euros on a
17.7-percent increase in sales to 4.758
billion euros. (AFP)
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COPENHAGEN: Danish wind turbine
maker Vestas Wind Systems on
Thursday raised its annual revenue and
profit forecast for the second time this
year as quarterly profit more than doubled.
“I am very pleased that year-on-year
for orders, Vestas is growing in all
regions,” chief executive Anders
Runevad said in a statement.
“With greater clarity on deliveries for
the remainder of the year and a very
solid financial position, we are raising
our guidance.” (AFP)
LONDON: Morrisons, Britain’s fourth
biggest supermarkets operator, reported
another fall in quarterly underlying sales
on Thursday, hit by its own price cuts
ore tap on and off to regulate the
global,
market-based
price,”
Andrew Harding, head of Rio’s iron
ore division, said in a speech in the
West Australian city of Perth.
“We are vigorously competing
against global suppliers for market share. If we stop doing that the
Pilbara (mining region) producers
will lose and Australia will lose. It’s
that simple. (AFP)
Wall Street sags after strong
US jobs data; dollar bounces
and a move to wean itself off money-off
vouchers.
The company, which trails market
leader Tesco, Wal-Mart’s Asda and
Sainsbury’s in annual sales, has not
reported positive underlying sales since
the fourth quarter of its 2011-12 year.
Former Tesco executive David Potts
joined as chief executive in March,
tasked with reviving Morrisons’ fortunes.
But he warned in September it would be
a “long journey”.
Shares in Morrisons fell up to 3.7 percent after it said sales at stores open
more than a year, excluding fuel, fell 2.6
percent in the 13 weeks to Nov 1, its fiscal third quarter. (RTRS)
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steel producer, ArcelorMittal, has suspended its 2015 dividend as a slump in
market prices caused by cheap exports
from countries like China pushed the
company to a net loss.
The Luxembourg-based company said
Friday that its sales dropped 22 percent
to 15.6 billion euros in the third quarter
from a year earlier. It fell to a net loss of
711 million euros from a profit of 22
million euros the year before after booking 500 million euros in charges to
reduce the value of its inventory of steel.
The company blamed record exports
from China and nations belonging to the
former Soviet Union for pushing down
market prices significantly.
“The already challenging operating
conditions have further deteriorated during recent months, largely due to additional declines in steel prices caused by
exceptionally low Chinese export
prices,” said Lakshmi Mittal, the chairman and CEO. (AP)
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worsened by slowing growth in
China, the world’s largest commodities consumer.
The supply-demand imbalance
has seen the ore price sink by more
than two-thirds since peaking near
$200 a tonne in 2011, and placed
the bottom lines of higher-cost
smaller miners under pressure.
“There has been a view that
Australia can simply turn the iron
Rio Tinto’s iron ore chief on
Thursday hit back at critics of the
mining giant’s decision to continue expanding its iron ore output
even as prices plunge, saying
Australia did not have the power
to control the market.
Leading exporters such as Rio
and Anglo-Australian giant BHP
Billiton have kept lifting production
levels, adding to a supply glut
planned by its owner Tata Motors,
India’s largest car maker.
“We reviewed the process of
talks and both of us expressed
satisfaction with the progress of
negotiations,” Hudak said.
Slovak Finance Minister Peter
Kazimir said earlier that “we’ll be
able to announce the date of the
signature later this month.”
(AFP)
bottomline
LUXEMBOURG: The world’s largest
Rio Tinto defends boosting iron ore output
US
US stock indexes were little changed
in choppy morning trading on Friday
after a stronger-than-anticipated jobs
report hardened the chance that the
Federal Reserve would finally raise interest rates in December.
Eight of the 10 major S&P sectors
were lower, with the interest-rate sensitive utilities sector’s 3.42 percent decline
easily the worst. The financials sector
was up 1.25 percent, led by bank stocks.
Job growth in October was the best
since December 2014, while the unemployment rate fell to 5 percent, the lowest
since April 2008. The jobless rate is now
at a level many Fed officials view as consistent with full employment.
Traders raised the odds of a hike in
December to 70 percent from the 58 percent just before the jobs data was
released, according to the CME Group’s
FedWatch program.
The dollar rose to a 6-1/2 month high
after the data.
Higher rates increase borrowing costs
for companies, while a strong dollar hurts
their income from overseas markets.
At 10:44 am ET (1544 GMT), the Dow
Jones industrial average was up 2.34
points, or 0.01 percent, at 17,865.77.
The S&P 500 was down 5.03 points, or
0.24 percent, at 2,094.9 and the Nasdaq
Composite index was up 5.21 points, or
0.1 percent, at 5,132.95.
Among financial stocks, JPMorgan
rose 3 percent and gave the biggest boost
to the S&P 500, followed by Bank of
America, up 3.8 percent and Citigroup,
up 3.2 percent.
Goldman rose 3.3 percent and was the
biggest influence on the Dow, followed
by Disney, which was up 2.6 percent after
reporting a higher-than-expected profit.
Exxon was down 1.5 percent to
$83.59, the biggest drag on the S&P, after
the New York attorney general launched
an investigation into whether the company misled the public and shareholders
about the risks of climate change.
Energy stocks fell 1 percent as crude
oil prices slipped. Chevron shed 2 percent
and weighed the most on the Dow.
TripAdvisor slumped 10 percent to
$74.82, while Kraft Heinz was down 4
percent at $72.49 after both reported
quarterly results below estimates. Kraft
was the biggest drag on Nasdaq.
Declining issues outnumbered advancing ones on the NYSE by 2,222 to 758.
On the Nasdaq, 1,452 issues fell and
1,126 advanced.
Cement maker CRH rose 4.7 percent
after UBS upgraded the construction sector to “overweight” and named the Irish
company as its preferred pick.
Construction and materials, banks and
autos were the top sectoral gainers and
were all up more than 1.5 percent.
Richemont fell 7.6 percent after warning of a challenging second half after
first-half net profits grew less than
expected, as strong demand for high-end
jewellery could not make up for weaker
luxury watch sales in Hong Kong.
According to data from Thomson
Reuters StarMine, 52 percent of companies on the European STOXX 600 index
have beaten or met market forecasts with
their third-quarter results so far, while
earnings guidance has been cut for the
fourth quarter.
UK
Britain’s top share index retreated on
Friday, weighed down by mining stocks
that fell as the dollar surged following
better-than-expected US jobs data.
US non-farm payrolls expanded by
271,000 in October, the largest rise since
December 2014 and making a December
Federal Reserve rate hike more likely.
The blue chip FTSE 100 was down 0.2
percent at 6,353.83 points at the close,
lagging European indexes.
Mining stocks were the top fallers,
with Glencore falling 4.7 percent and
Anglo American and Antofagasta down
1.7 percent and 0.3 percent respectively.
Another negative for the sector was
Thursday’s dam burst in Brazil at an iron
ore mine owned by Vale and BHP
Billiton, devastating a nearby town with
mudslides and reportedly leaving scores
dead or missing.
BHP Billiton shares fell 5.7 percent,
trimming nearly 5 points off the FTSE
100.
Burberry was hit by weak earnings
from Switzerland, where Richemont fell
5.7 percent after poorly received results
that knocked back the luxury sector.
Burberry fell 0.7 percent.
Among top risers, HSBC added 8.3
points to the index, rising 2.1 percent
after the dollar rally.
Earnings reports boosted shares in
British Airways owner IAG , which rose
3.7 percent after lifting its long-term
guidance, while Inmarsat rose 3.2 percent
after its results.
Intercontinental Hotels Group was the
top gainer, up 6.2 percent after saying
that it was exploring strategic options
including a potential sale or merger.
Building company CRH was up 3.6
percent after UBS upgraded the construction sector to “overweight”, naming CRH
as a preferred pick.
Europe
European stock markets edge higher
on Friday after stronger than expected US
jobs data boosted the dollar, lifting
export-oriented stocks like autos,
although Cartier brand-owner Richemont
plunged after warning of tough times
ahead.
The pan-European FTSEurofirst 300
index was up 0.15 percent and the euro
zone’s blue-chip Euro STOXX 50 index
gained 0.24 percent, while Germany’s
export-heavy DAX outperfomed to gain
0.75 percent.
Shares in Swiss agriculture company
Syngenta rose more than 4 percent after
media reports of a possible deal with
DuPont, while disgruntled shareholders
called for a strategic review of company
should abandon efforts to sell parts of its
business and instead conduct a strategic
review.
Asia
Tokyo’s benchmark Nikkei index
closed at its highest level in more than
two months Friday, while traders in Asia
were closely watching a US jobs report
that could indicate a Fed move on interest
rates.
The Nikkei 225 shrugged off a weak
lead from US markets to end 0.78 percent
higher following a week of gains, led by
Japan Post’s market debut.
Japan Post is now worth $36 billion
more than its government price tag following the biggest initial public offering
globally this year, with its insurance unit
especially in demand among investors.
The government hopes the Japan Post
sell-off will draw more investment to
Japanese firms and provide a lift for
Prime Minister Shinzo Abe’s faltering bid
to kick-start the world’s number-three
economy.
Hong Kong stocks closed up 1.00 percent on the week, though slightly down
for the day, tracking a lower finish on
Wall Street Thursday on the eve of the
US payrolls report.
The benchmark Shanghai Composite
Index gained 6.13 percent over the week.
Chinese firms have rallied in Shanghai
and Hong Kong in recent days on hopes
for economic reforms after the ruling
Communist Party issued guidelines for its
2016-2020 development plan on
Tuesday.
The proposals included calling for liberalisation in China’s capital markets and
foreign exchange regime.
Standard Chartered shares slumped
3.70 percent in Hong Kong after a Fitch
downgrade, with the ratings agency citing “unfavourable profitability and asset
quality trends as well as its underperformance relative to peers” as the reason for
the move.
Elsewhere, Singapore Airlines (SIA)
announced a full takeover bid for its
struggling budget carrier subsidiary
Tigerair on Friday, vowing to redevelop it
as an integral part of the group’s portfolio.
Oil
The oil market fell Friday, reversing
earlier gains as the dollar surged on bright
US jobs data that boosted hopes of a rate
hike before year-end.
In late afternoon deals in London,
Brent North Sea crude for December
shed 51 cents to stand at $47.47 per barrel.
US
benchmark
West
Texas
Intermediate for delivery in December
slid 26 cents to $45.46 per barrel compared with Thursday’s close.
“Oil was slow to react to the strong
jobs number given the positive implications for oil demand in a growing US
economy,” said CMC Markets analyst
Jasper Lawler.
Gold
Gold fell to a three-month low on
Friday and was set to post its biggest
weekly drop since 2013 after US data
showed job growth surged in October,
making it likely the Federal Reserve will
hike interest rates in December.
Nonfarm payrolls increased 271,000
last month, the largest rise since
December 2014, while the unemployment rate fell to 5.0 percent, the lowest
level since April 2008, from 5.1 percent
the prior month, the Labor Department
said on Friday.
Spot gold, stronger initially, fell as
much as 1.5 percent to percent to $1,087
an ounce, its lowest since Aug. 7. It was
down 1.4 percent at $1,087.70 by 1358
GMT.
exchange rates – November 05
US dollar
BEC
Muzaini
Dollarco
Commercial Bank
Gulf Bank
NBK
Burgan Bank
ABK
Oman
KBE
Sterling pound
Transfer
.301750
.304100
.304100
.303800
.283900
.286000
.281550
.283650
.281450
.283550
.285950
.283550
.302700
.304800
—
—
.303450
Buy
Sell
Sell
Sell
Buy
Sell
Buy
Sell
Buy
Sell
Buy
Sell
Buy
Sell
Buy
Sell
Sell
Cash
.300000
.304500
.302900
.304000
.285000
.288000
.279050
.285650
.276450
.285050
.276200
.285000
.300200
.306300
—
—
—
Buy
Sell
Sell
Sell
Buy
Sell
Buy
Sell
Buy
Sell
Buy
Sell
Buy
Sell
Buy
Sell
Sell
Cash
.040746
.045746
—
—
—
—
—
—
—
—
—
—
—
—
—
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—
Buy
Sell
Sell
Sell
Buy
Sell
Buy
Sell
Sell
Transfer
Cash
Draft
—
—
—
—
—
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—
—
.695000 .578645 .578645
—
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—
—
—
—
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—
—
—
—
—
Draft
.301750
.304100
.304100
.303800
.283900
.286000
.281550
.283650
.281450
.283550
.285950
.283550
.302700
.304800
—
—
.303450
Cash
.460842
.469842
—
.470000
.445000
.453902
.468169
.471390
.476290
.485630
.480590
.468050
.460960
.472770
—
—
—
Danish krone
BEC
Muzaini
Dollarco
Commercial Bank
Gulf Bank
NBK
Burgan Bank
ABK
Oman
KBE
Draft
.040746
.045746
—
—
.049827
.050196
.050751
.051668
.051020
.051540
.046462
.046997
.044480
.045650
—
—
—
Muzaini
Dollarco
Gulf Bank
ABK
KBE
travellers cheques
BEC
Commercial Bank
Gulf Bank
Al-Ahli Bank
Transfer
.459841
.469341
.469070
.469525
.446160
.445920
.457969
.464891
.477790
.482630
.442550
.447120
.465100
.470070
—
—
.472326
Indian rupee
Transfer
.040746
.045746
—
—
.049827
.050196
.050751
.051668
.051020
.051540
.046462
.046997
.044480
.045650
—
—
—
Cash
.004394
.004784
—
.004900
.004000
.006900
—
—
—
—
—
—
—
—
—
—
—
Cyprus pound
BEC
Draft
.459841
.469341
.469070
.469525
.435318
.438538
.457969
.464891
.477790
.482630
.444600
.436000
.465100
.470070
—
—
.472326
Draft
.004572
.004648
.004642
.004638
—
.005278
—
.004513
—
—
.005094
.005093
.004565
.004673
—
—
.004653
Transfer
.004572
.004648
.004642
.004638
—
.005278
—
.004513
—
—
.005094
.005093
.004565
.004673
—
—
.004653
Yemeni riyal
Cash
.001372
.001452
—
—
—
—
—
—
—
US dollar
.3041000
.2858000
.2848500
.3048000
Draft
.001359
.001459
.001417
—
—
—
—
—
.001550
Transfer
.001359
.001459
001417
—
—
—
—
—
.001550
Sterling
.4693416
.4371900
.4548350
.4700700
Euro
Cash
.324887
.332887
—
.339000
.369000
.378000
.382772
.395251
.379500
.388120
.339010
.347320
.328420
.337540
—
—
—
Draft
.324886
.332386
.331770
.335840
.371497
.374245
.386202
.392484
.381000
.385120
.380190
.340510
.331370
.335610
—
—
.340769
Japanese yen
Transfer
.324886
.332386
.331770
.335840
.374245
.386202
.392484
.388850
.381000
.385120
.367130
.383120
.331370
.335610
—
—
.340769
Pakistani rupee
Cash
.002768
.003048
—
.003150
—
—
—
—
—
—
—
—
—
—
—
—
—
Draft
.002844
.002876
.002881
.002878
—
.002917
—
.002673
—
—
—
—
—
.003010
—
—
.002881
Euro
.3323868
.3780000
.3850860
.3356100
Draft
.008116
.008716
.008557
.952000
—
—
–
—
—
Draft
.002417
.002597
.002503
.003510
.002864
.002885
.002722
.002765
.002762
.002795
.003588
.003636
.002487
.002515
—
—
—
Transfer
.002417
.002597
.002503
.003510
.002864
.002885
.002722
.002765
.002762
.002795
.003588
.003636
.002487
.002515
—
—
—
Sri Lanka rupee
Transfer
.002844
.002876
.002881
.002878
—
.002917
—
.002673
—
—
.003233
—
—
.003010
—
—
.002881
Thai baht
Cash
.008216
.008766
—
.010250
—
—
—
—
—
Cash
.002417
.002597
—
.003000
—
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—
Cash
.001866
.002446
—
.002500
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—
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—
—
—
—
—
Draft
.002118
.002160
.002161
.002160
—
.002286
—
.002192
—
—
.002546
—
—
.002224
—
—
.002161
Transfer
.002118
.002160
.002161
.002160
—
.002286
—
.002192
—
—
.002546
—
—
.002224
—
—
.002161
South African rand
Transfer
.008116
.008716
.008557
.952000
—
—
—
–
—
Cash
Transfer
Draft
.001601
—
—
.002451
—
—
—
—
—
—
—
—
—
—
—
—
.027843 .027843
—
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—
—
—
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—
—
—
local gold
BEC
Muzaini Exchange
Swiss franc
Cash
.299385
.309585
—
.303000
.302000
.317000
—
—
.308480
.318890
.279180
.289100
—
—
—
—
—
Draft
.300385
.307385
.307480
.300840
.315715
.304597
.315568
.321998
.312480
.316390
.315180
.283180
.303960
.308240
—
—
—
Transfer
.300385
.307385
.307480
.300840
.315715
.304597
.306850
.315568
.312480
.316390
.315030
.283180
.303960
.308240
—
—
—
Bangladesh taka
Cash
.003498
.004098
—
.004000
—
.003678
—
.003704
—
—
—
—
—
—
—
—
—
Draft
.003846
.003889
.003891
.003887
—
—
—
—
—
—
.004017
—
—
—
—
—
.003892
Transfer
.003846
.003889
.003891
.003887
—
.003678
—
.003704
—
—
.004017
—
—
—
—
—
.003892
Korean won
Cash
.000257
.000272
—
—
—
—
—
—
—
Draft
—
—
—
—
—
—
—
—
—
Gold 999 kg
—
10,939.000
Transfer
—
—
—
—
—
—
—
—
—
Canadian dollar
Cash
.225477
.233977
—
.238000
.278000
.292000
—
—
—
—
.277897
.282890
—
—
—
—
—
Draft
.223477
.233477
.231780
.234250
.279512
.281579
.264664
.269564
.259110
.262130
.275770
.279970
.229640
.232390
—
—
—
Transfer
.223477
.233477
.231780
.234250
.279512
.281579
.264664
.269564
.259110
.262130
.286988
.256960
.229640
.232390
—
—
—
Philippine peso
Cash
.006410
.006690
—
.006750
—
—
—
—
—
—
—
—
—
—
—
—
Draft
.006029
.006496
.006493
.006483
—
.007006
—
.006597
—
—
.006449
—
—
.006935
—
—
.006451
Transfer
.006029
.006496
.006493
.006483
—
.007006
—
.006597
—
—
.006449
—
.006935
—
—
.006451
Syrian pound
Cash
.001287
.001507
—
.200000
—
—
—
—
—
Gold 999 10 tola
—
1,313.740
Draft
.001279
.001499
.216400
.260500
—
—
—
—
—
Transfer
.001279
.001499
.216400
.260500
—
—
—
—
—
Gold ounce
—
349.680
Swedish krona
Cash
.031174
.036174
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Draft
.031173
.036173
—
—
.044440
.043546
.042590
.043364
.042270
.042710
.041155
.043700
.035010
.035800
—
—
—
Transfer
.031173
.036173
—
—
.044440
.044769
.042590
.043364
.042270
.042710
.041155
.043700
.035010
.035800
—
—
—
Saudi riyal
Cash
.080457
.081157
—
.082000
.072000
.077000
—
.076315
.073980
.076670
.073684
.075774
.079500
.082010
—
—
—
Australian dollar
Cash
.210022
.221522
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Draft
.208021
.221021
—
—
.298109
.300314
.261600
.266783
.264560
.267810
.284712
.264500
.217170
.220150
—
—
—
Transfer
.208021
.221021
—
—
.298109
.300314
.261600
.266783
.264560
.267810
.284712
.264500
.217170
.220150
—
—
—
Draft
—
—
—
—
—
—
—
—
—
Gold gm 22k
—
10.040
Transfer
—
—
—
—
—
—
—
—
—
Transfer
.080506
.081146
.081137s
.081740
.075727
.076287
.074986
.075781
.074980
.075670
075640
.072340
.080210
.081530
—
—
.081393
Hong Kong dollar
Cash
.037076
.039826
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Iranian Riyal
Cash
.000084
.000085
—
—
—
—
—
—
—
Draft
.080506
.081146
.081137
.081740
.075727
.076227
.074986
.075781
.074980
.075670
.075640
.072340
.080210
.081530
—
—
.081393
Draft
.036576
.039676
.039168
—
.036574
.036844
.036334
.036924
—
—
—
—
.038940
.039320
—
—
—
Transfer
.036576
.039676
.039168
—
.036574
.036844
.036334
.036924
—
—
—
—
.038940
.039320
—
—
—
Lebanese pound
Draft
Cash
Transfer
.000151 .000186 .000186
.000251 .000206 .000206
.202400 .202400
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Gold gm 21k
—
9.580
Gold gm 18k
—
8.210
UAE dirham
Cash
.081814
.082963
—
.084000
.077070
.077844
.075828
.077939
.076140
.077170
.075223
.077374
.082095
.082920
—
—
—
Draft
.081314
.082764
.082689
.083010
.077325
.077897
.076576
.077394
.076570
.077250
.077237
.074510
.081950
.083210
—
—
.082736
Transfer
.081314
.082764
.082689
.083010
.076810
.077897
.076576
.077394
.076570
.077250
.077140
.077237
.081950
.083210
—
—
.082736
Singapore dollar
Cash
.213926
.219926
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Transfer
.212925
.218925
.218220
—
.229377
.231074
.225352
.229193
.224760
.226990
.222630
.216673
.216140
.218700
—
—
—
Draft
.212925
.218925
.218220
—
.229377
.231074
.225352
.229193
.224760
.226990
.216673
.218433
.216140
.218700
—
—
—
Malaysian ringgit
Cash
.067765
.073765
—
.890000
—
—
—
—
—
100 gm 999
—
—
Draft
.065767
.072767
.072102
.071750
—
—
—
—
—
Transfer
.065767
.072767
.072102
.071750
—
—
—
—
—
10 gm 999
—
116.645
Bahraini dinar
Cash
.799422
.807422
—
.810000
.758415
.737294
.741794
.762290
.744400
.751880
—
—
—
—
—
—
—
Draft
.798921
.807421
.806560
.806320
.753350
.758923
.749073
.756975
.746060
.752820
.740873
.750398
.799140
.811090
—
.751000
.806028
Transfer
.798921
.807421
.806560
.806320
.753350
.758923
.749073
.756975
.746060
.752820
.740873
.750398
.799140
.811090
—
.751300
.806028
Jordanian dinar
Cash
.424138
.431638
—
.426000
—
—
—
—
—
—
—
—
—
—
—
—
—
Draft
.422359
.429859
.427870
.428080
—
.404526
—
.403470
—
—
.394853
.398939
.425240
.431550
—
—
—
Transfer
.422359
.429859
.427870
.428080
—
.404526
—
.403470
—
—
.394853
.398939
.425240
.431550
—
—
—
Indonesian rupiah
Cash
.000018
.000024
—
—
—
—
—
—
—
Draft
.000017
.000022
—
—
—
.000025
—
—
.002438
Transfer
.000017
.000022
—
—
—
.000025
—
—
002438
Omani riyal
Cash
.783450
.789130
—
—
.736094
.743492
.726318
.746616
.729750
.737090
.735741
—
—
—
—
—
—
Draft
.777949
.788949
.788850
—
.737690
.743147
.733445
.741410
.730560
.737070
.734440
.722120
.783420
.794240
—
—
—
Transfer
.777949
.788949
.788850
—
.737690
.743147
.733445
.741410
.730560
.737070
.734440
.719020
.783420
.794240
—
—
—
Egyptian pound
Cash
.037323
.040153
.038950
.041000
.037000
.044000
—
—
—
—
—
—
—
—
—
—
—
Draft
.037153
.037922
.037848
.037724
—
—
—
.041547
—
—
.047830
.049026
—
.039250
—
.039488
.378530
Transfer
.037153
.037922
.037848
.037724
—
—
—
.041547
—
—
.047830
.049026
—
.039250
—
.039488
.378530
New Zealand dollar
Cash
.198212
.207712
—
—
—
—
—
—
—
Draft
.196211
.207211
—
—
.231317
.236230
.203170
.206870
—
Transfer
.196211
.207211
—
—
.231317
.236230
.203170
.206870
—
All rates in KD per unit of foreign currency