Daily Archives: December 30, 2015

Economic News – suadi press agency

Economic News – suadi press agencyU.S. Pending Home Sales FallKuwait Stock Exchange ends in green zoneRussia's ruble hits lowest level in a yearGerman industry has high hopes for 2016 with further growth forecastPhilippines to join

U.S. Pending Home Sales Fall

Washington, Rabi’I 19, 1437, Dec 30, 2015, SPA — Fewer Americans signed contracts to purchase homes in November, an industry group said Wednesday, as the real estate market appears to have cooled after sales gains for much of 2015.
The …

Kuwait Stock Exchange ends in green zone

KUWAIT, Rabi’I 19, 1437, December 30, 2015, SPA — Trading at Kuwait Stock Exchange (KSE) for Wednesday ended in the green zone.
Price index was up by 28.48 points to reach 5.612.48, weighted index increased 2.5 points to stand at …

Russia's ruble hits lowest level in a year

MOSCOW, Rabi’I 19, 1437, Dec 30, 2015, SPA — The Russian ruble has hit its lowest level in a year against the dollar as the country’s economy is battered by a decline in the price of its oil exports, AP …

German industry has high hopes for 2016 with further growth forecast

Berlin, Rabi’I 19, 1437, December 30, 2015, SPA — The head of Germany’s industry federation predicts
economic output could grow by “almost 2 per cent” in 2016, reassuring
businesses that Europe’s biggest economy can fend off financial risks
in the …

Saudi Scouts Offer Voluntary Initiatives in Dubai

Riyadh, Rabi’I 19, 1437, December 30, 2015, SPA — Saudi scouts have offered models of their initiatives in the global scout project “Messengers of Peace” during a meeting with the coordinators of the project recently in Dubai, organized by Arab …

Philippines to join new China-led development bank

Manila, Rabi’I 19, 1437, Dec 30, 2015, SPA — The Philippines will join a China-led financial
institution aimed at supporting infrastructure projects in Asia and
the Pacific, dpa quoted the government as saying Wednesday.

President Benigno Aquino gave the Department …