Analyst news

• Algeria sees energy earnings, reserves dropping sharply in 2016

  22-11-2015 16:06 via news.yahoo.com
  
  By Hamid Ould Ahmed ALGIERS (Reuters) - Algeria's energy earnings are forecast to fall to $26.4 billion next year while foreign exchange reserves will dip to $121 billion after low oil prices cut into the OPEC nation's economy, Finance Minister Abderrahmane Benkhalfa said on Sunday. The North African state, a major gas supplier to Europe, has already said energy earnings will fall by 50 percent this year to about $34 billion. Algeria is considering higher taxes, import duties and a hike in subsi
  
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• ADVISORY-Global Telecom earnings snap withdrawn

  22-11-2015 15:57 via news.yahoo.com
  
  CAIRO, Nov 22 (Reuters) - The Nov. 22 snap on Global Telecom earnings has been withdrawn. It included the incorrect currency for the earnings and was previously reported on Nov. 6. STORY_NUMBER: nC6N0YN02L STORY_DATE: 11/22/2015 STORY_TIME: 14:15:05 GMT
  
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• MIDEAST STOCKS-Saudi bounces further from chart support; Egypt edges up

  22-11-2015 10:13 via news.yahoo.com
  
  DUBAI, Nov 22 (Reuters) - Saudi Arabia's stock market bounced further from a technical support level early on Sunday, while Egypt's bourse edged up. The Saudi stock index has been rebounding in recent days from support at November's two-year low of 6,828 points. In the opening minutes of trade on Sunday it added 1.7 percent to 7,152 points, nearing resistance on the November high of 7,161 points. With Brent oil still below $45 a barrel and a lack of positive corporate news, an extended rally by
  
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