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					                                                                                                                                                                                                                                                                                                                        ARAB TIMES, FRIDAY, APRIL 15, 2011
       BUSINESS                                                                                                                                                                                                                                                                                                                                                                 42


                                                                                                                                                                                                              Ford expands recall of F-150 pickup to nearly 1.2 mln
                                                                                              Under pressure from government safety                                 cases injuring drivers.                                            350. Those were not included in the                                        NHTSA said in a January letter to the
                                                                                              regulators, Ford Motor Co. is expanding                                  In February, Ford agreed to fix 150,000                         recall.                                                                  company that the agency knew of 269
     This July 20, 2008 file                                                                  a recall of the popular F-150 pickup truck                            F-150s, but resisted the government’s                                Ford said it will notify all owners next                               cases in which the air bags deployed
  photo shows the logo for                                                                    to include nearly 1.2 million vehicles that                           wishes to recall nearly 1.2 million trucks                         month that they should take their trucks                                 inadvertently, resulting in 98 injuries,
  the Ford F-150 truck at a                                                                   may have defective air bags.                                          that may have the problem.                                         to a dealer who will replace an air bag                                  some serious.
     dealership in Hudson,                                                                       The wider recall, announced Thursday                                  Ford’s F-Series pickup truck is the                             wire in the steering wheel. The repair                                     Ford told NHTSA that some drivers
         Wisconsin. (AFP)                                                                     by the National Highway Traffic Safety                                top-selling vehicle in America, and the                            takes less than a half day, the company                                  reported injuries such as burns from con-
                                                                                              Administration, covers all F-150s built for                           F-150 makes up about 65 percent of F-                              said. The wire can become chafed, caus-                                  tact with the air bag, bruises, neck and
                                                                                              the 2004 and 2005 model years, as well                                Series sales. Through March, the com-                              ing a short circuit that can lead to the air                             back pain and minor cuts. Two customers
                                                                                              as part of the 2006 model year. Also                                  pany sold nearly 127,000 of the pick-                              bag inflating unexpectedly.                                              reported broken or chipped teeth and two
                                                                                              included are 16,000 Lincoln LT pickups.                               ups, and it sold more than 528,000 last                              Ford has made production changes to                                    reported elbow or arm fractures. Ford
                                                                                                 An electrical short can cause the air                              year. The F-Series also includes heav-                             the trucks in 2006 and 2007 to fix the air                               knows of no crashes caused by the air
                                                                                              bags to deploy unexpectedly, in some                                  ier duty trucks such as the F-250 and F-                           bag wiring and other issues.                                             bag problem. (AP)




 the          bottomline Global stocks slip on rate hike
  PAWTUCKET, Rhode Island:
  Hasbro Inc. said Thursday its first-quar-
  ter profit tumbled 71 percent as weakness
  persisted in games, puzzles and several
  other product lines and the toy company
  invested in new product development and
                                                           pubs across Britain, is planning to double
                                                           the size of its estate to 1,600 pubs, an
                                                           increase of 100 pubs compared to its pre-
                                                           vious long-term target.
                                                              “I’ll up it to 1,600 today and say we’re
                                                           half way there. There’s another 800 to go
                                                                                                                         fears, Greek crisis; dollar sags
  staffing its joint-venture TV station.                   for. I think it’s a good time to be pushing
     The earnings from the maker of Nerf
  blasters and Transformers toys fell short
                                                           the boat out a bit in terms of acquiring
                                                           property,” Martin told Reuters in an inter-
                                                                                                                                                                                                   Oil gains, natural gas jumps 2 pct
  of Wall Street expectations and its shares               view at the Metropolitan Bar, a
  slipped 14 cents to $45.65 in pre-market                 Wetherspoon pub in Baker Street,
  trading.                                                 London. (RTRS)                                                LONDON,         April     14,                                  Ford’s F-Series truck is the best-selling                        retiring, and with banks weaker on                               allow the currency to strengthen in a bid
                                                                                                                                                                                        vehicle in the US.                                               renewed worries about sovereign debt                             to slow inflation. Singapore also reported
     Hasbro has been developing new elec-                                   ❑     ❑     ❑                                (Agencies): Global stocks                                         The Dow Jones industrial average fell                         levels.                                                          that the economy grew a seasonally
  tronic and TV-show versions of its classic                                                                             mostly fell Thursday as
  game brands including Monopoly and                       HELSINKI: The world’s leading mobile                                                                                         29 points, or 0.3 percent, to 12,240. The                           The FTSE 100 fell 46.64 points, or 0.8                        adjusted annualized 24 percent in the first
  Life.                                                    phone maker Nokia said Thursday it had                        investors fretted that rising                                  Standard & Poor’s 500 index fell 4, also                         percent, to 5,963.80, its lowest close                           quarter.
                                                           not yet begun talks with unions over job                                                                                     0.3 percent, to 1,310. The Nasdaq com-                           since March 31. The index is up 1.1 per-                                                       Oil
     It also has some toys tied into major
                                                           cuts, refusing to respond to rumours of                       inflation could push central                                   posite fell 12, or 0.4 percent, to 2,749.                        cent in 2011.
  summer blockbusters hitting shelves soon,                                                                                                                                                                                                                                                                                  Oil rose after the dollar weakened
  including “Thor,” due out May 6,                         looming, large-scale lay-offs.                                banks to hike interest rates                                      The three major indexes remain lower                             Volumes were 83.5 percent of the aver-
                                                              Online publication TechEye reported                                                                                       for both the week and month.                                                                                                      against other major currencies Thursday,
  “Captain America,” out July 22 and
                                                           Wednesday that Nokia was planning to
                                                                                                                         sooner     than    expected.                                                                                                    age for the past 90 days, with some
                                                                                                                                                                                                                                                                                                                          on indications that the two-month crude
  “Transformers: Dark Side of the Moon,”                                                                                                                                                   Financial stocks fell. Goldman Sachs                          investors remaining cautious until more
  out July 1. (AP)                                         announce up to 6,000 layoffs when it                          Renewed jitters over a debt                                    dropped 2.8 percent after Sen. Carl Levin                        US companies report first-quarter earn-                          rally hasn’t yet undermined consumer
                                                           reports its first quarter earnings next week.                 restructuring in Greece                                        said that a panel he leads has found new                         ings.                                                            demand.
                  ❑     ❑     ❑                               Nokia refused to comment, noting that the                                                                                                                                                                                                                      Oil, which is priced in dollars, tends to
                                                                                                                         added to the downbeat tone.                                    evidence that shows Goldman misled                                  “A bit of risk has been coming off the
  DUBLIN: Bank of Ireland said its 2010                    only talks underway so far had to do with                                                                                    investors. Levin also raised doubts about                        table in the past week. A lot of the big                         rise when the dollar loses ground to other
  net loss narrowed more than expected to                  organisational re-structuring, not job cuts.                     The European Central Bank has                                                                                                                                                                 major currencies and makes crude cheap-
                                                                                                                                                                                        the testimony given last year by Goldman                         strategists have become more cautious,
  609 million euros ($883 million) because                    Finnish union representatives also                         already joined the People’s Bank of                            executives.                                                                                                                       er for investors holding foreign money.
                                                           made the same point.                                                                                                                                                                          though it’s more tactical than fundamen-
  of hefty discounts it negotiated in debt-                                                                              China in lifting rates to combat infla-                           Among companies reporting earnings,                           tal, at the start of US reporting season,”                          Benchmark West Texas Intermediate
  restructuring deals with bondholders.                       “There are no talks underway regarding                     tion. The markets’ fear is that the                                                                                                                                                              crude for May delivery added $1.10 at
                                                           job losses and so rumours that the compa-                                                                                    toy maker Hasbro Inc. fell 3 percent after                       said James Buckley, fund manager at
     Thursday’s full-year results surprised                                                                              Chinese monetary authorities will                                                                                                                                                                $108.21 per barrel in afternoon trading on
  analysts, who had forecast at least double               ny would announce thousands of lay-offs                                                                                      reporting that its first-quarter profits                         Baring Asset Management.
                                                                                                                         tighten policy again soon after fig-                           slumped 71 percent. The results fell short                          Banks suffered, part of a sectoral sell-                      the New York Mercantile Exchange.
  those losses in line with the wider bloodbath            next week is completely baseless,” said                                                                                                                                                                                                                           Overall, oil prices have dropped about 5
  in Dublin’s banking sector. Bank of Ireland              Sami Sallmen, shop steward at a Nokia                         ures Friday that are expected to show                          of analysts’ estimates.                                          off in Europe, as mounting worries over a
                                                                                                                                                                                           Grocery chain Supervalu said quarter-                                                                                          percent since the beginning of the week,
  lost 1.76 billion euros in 2009, and losses at           development site in the southern city of                      another increase in the country’s                                                                                               debt restructuring by overborrowed                               but they are up 27 percent since the middle
  all other Irish banks surged in 2010.                    Espoo. (AFP)                                                  inflation rate.                                                ly profits and sales fell compared with a                        Greece drove credit default swaps and
                                                                                                                                                                                        year ago. Analysts expected earnings to                                                                                           of February. Crude surged after the upris-
     Bank of Ireland still faces a struggle to                              ❑     ❑     ❑                                   “Controlling inflation remains the gov-                                                                                      yields on government paper higher.                               ing in Libya shut down the country’s 1.5
  avoid a state takeover because the govern-                                                                             ernment’s top priority so expect further                       be worse. Supervalu rose 13 percent.                                Michael Hewson, market analyst at
  ment requires the bank to raise 4.2 billion              GENEVA: Swiss drug maker Roche                                                                                                  Google Inc. will report earnings after                        CMC Markets, pointed to the sector suf-
                                                                                                                                                                                                                                                                                                                          million barrels of daily oil exports. That’s
                                                           Holding AG blamed the strength of the                         measures to stem price pressures,” said                                                                                                                                                          less than 2 percent of world consumption,
  euros ($6.1 billion) in coming months to                                                                               Carl Campus, an analyst at BMO Capital                         the market closes.                                               fering “after the IMF warned that global
  cover its worst-case scenario for future                 franc Thursday for a 9 percent year-on-                                                                                         Data-storage company Iron Mountain                                                                                             but experts said it puts supplies under
                                                           year drop in first quarter sales, but also                    Markets.                                                                                                                        banks will need to raise an incredible                           increased strain at a time when global
  loan losses. (AP)                                                                                                         What happens in China affects the rest                      rose 3 percent. Iron Mountain replaced its                       $3.6 trillion worth of debt in the next two
                                                           felt the impact of regulatory concerns                                                                                                                                                                                                                         demand continues to grow.
                   ❑     ❑     ❑                           over its Avastin cancer medicine and an                       of the global economy as the country is                        CEO after the hedge fund Elliott                                 years, as they compete with indebted sov-
                                                                                                                                                                                        Management called for a strategic review                                                                                             Some traders bet that oil will keep ris-
  LONDON: Prudential has won a court                       expected drop in Tamiflu orders.                              now the world’s second biggest economy.                                                                                         ereigns”. Barclays, HSBC, Lloyds and                             ing, driven by increased demand in
  case over payments into its pension plan,                   The company said sales fell to 11.12                          There are also worries in the markets                       of the business.                                                 Royal Bank of Scotland fell between 1.1                          China. Wunderlich Securities increased
  in a ruling which averts a bill for millions             billion Swiss francs ($12.4 billion) from                     that the US Federal Reserve will tighten                                              Europe                                    and 2.3 percent.                                                 its oil forecast to an average of $100 per
  of pounds and could tip the balance in                   12.25 billion francs a year earlier when                      policy sooner than anticipated, though                            European shares fell on Thursday on                              Barclays Capital cut its target price on                      barrel for 2011 and 2012. Others say it
  such cases in favour of companies over                   counting the weakness of the dollar and                       soft producer price data for March helped                      worries about higher global inflation as                         Lloyds and kept its “underweight” rating                         has topped out for the year, pointing to
  pension funds.                                           euro. Adjusting for the currency shifts,                      ease those concerns ahead of consumer                                                                                           on the bank, saying the UK’s Independent
                                                           sales were stable.
                                                                                                                                                                                        well as a weakening US jobs market,                                                                                               reports that gasoline demand is down.
     A UK court said on Thursday that the                                                                                price data Friday.                                             while concerns about Greek debt hit                              Commission on Banking’s stance on                                   Meanwhile, natural gas jumped more
  insurer had not breached its duty of good                   Analysts had expected slightly better                         Any signs that consumer prices are ris-                                                                                      Lloyds “will further dilute returns”.
  faith towards members of the 92-year-old                 results and Roche shares dipped 1 percent                                                                                    banking stocks.                                                                                                                   than 2 percent Thursday after the govern-
                                                                                                                         ing at an increasing rate could pave the                          Investors were also positioned cau-                              Consumer goods group Reckitt                                  ment reported that US supplies grew less
  defined benefit section of the Prudential                to 131.80 francs ($147.481) on the Zurich                     way for the Fed to consider interest rate                                                                                       Benckiser fell 7.5 percent after the firm
  Staff Pension Scheme, set up on                          exchange. (AP)                                                                                                               tiously ahead of Google results, which                                                                                            than expected last week.
                                                                                                                         increases soon and bring an end to its                         are scheduled to be released after the                           said Chief Executive Bart Becht is to                               Natural gas made the big move after
  Christmas Eve 1918 and closed in 2003.                                  ❑     ❑      ❑                                 quantitative easing program — the cur-                                                                                          retire, six months after announcing the
     The case, brought by scheme members,                                                                                                                                               markets close, with traders suggesting                                                                                            the EIA’s weekly supply report said that
                                                           SYDNEY: Car giant Ford said Thursday                          rent $600 billion monetary injection into                      this could impact technology and media                           departure of its chief financial officer.                        US supplies grew by 28 billion cubic feet
  dealt with the annual discretionary
  increases in payments that Prudential                    it will shed 240 jobs in Australia and cut                    financial markets is due to expire in June.                    stocks.                                                             “It was one of the most highly regard-                        last week, less than the 31 billion to 35
  makes into the defined benefits section of               daily production by 20 percent, while                            Some of the Fed’s rate-setters are                             The pan-European FTSEurofirst 300                             ed management teams, I would have said,                          billion cubic feet that analysts expected.
  the plan, beyond those required by law.                  Toyota scaled back work hours due to                          sounding a more hawkish tone than                              index of top shares closed down 0.6 per-                         in the FTSE,” Martin Dolan, an analyst at                        Natural gas rose 9.9 cents to $4.24 per
     These top-up payments were generally                  supply problems after Japan’s quake-                          Chairman Ben Bernanke and high infla-                          cent at 1,128.84 points after paring bigger                      Espirito Santo, said.                                            1,000 cubic feet on the New York
  in line with the retail price index (RPI)                tsunami.                                                      tion figures may swell their ranks on the                      losses. Volume was 106.3 percent of its                                                   Asia                                    Mercantile Exchange.
  until 2006, when Prudential capped them                     Ford said the decision was made after a                    Fed’s monetary policy committee.                               90-day average.
  at 2.5 percent a year — as the scheme                    slump in demand for large cars, such as                          In Europe, the FTSE 100 index of lead-                                                                                          Asian stocks were mixed Thursday                                                   Currencies
                                                           the Falcon and Territory, with plans to
                                                                                                                                                                                           Investor sentiment was knocked after                          amid concerns that rising food and fuel
  swung into deficit, compelling Prudential                                                                              ing British shares was down 1 percent at                       US claims for unemployment benefits                                                                                                  The dollar edged down against the yen
  to up its contributions — and they eventu-               redeploy workers at its Geelong and                           5,953 while Germany’s DAX fell 0.8 per-                                                                                         costs could undermine consumer                                   on Thursday, while Singapore tightened
                                                           Broadmeadows plants in Victoria state                                                                                        bounced back above the key 400,000                               demand, hurting economic growth and
  ally began to lag inflation. (RTRS)                                                                                    cent to 7,123. The CAC-40 in France                            level, while March US core producer                                                                                               monetary policy and investors adjusted
                                                           “wherever possible”.                                                                                                                                                                          company profits.                                                 positions following the euro’s recent
                  ❑     ❑      ❑                              Voluntary redundancy packages would                        dropped 1.2 percent to 3,957.                                  prices data rose slightly faster than
                                                                                                                            Though Greek borrowing costs have                                                                                               Tokyo’s Nikkei 225 was flat at                                surge, analysts said.
  STOCKHOLM: Strapped for cash and                         be offered where alternative roles were                                                                                      expected.                                                        9,650.43 and South Korea’s Kospi was
                                                                                                                         spiked sharply higher, the euro has once                          “There is a little bit of a setback in the                                                                                        The euro stood at $1.4493 and 121.26
  with production at a standstill, automaker               not an option.                                                                                                                                                                                up 0.7 percent to 2,136.61. Hong Kong’s
                                                              “We believe the actions we’re taking                       again managed to hold its own, trading                         market, with the US jobless claims and                                                                                            yen, rising from $1.4440 and 120.98 yen
  Saab is facing its biggest crisis since                                                                                                                                                                                                                Hang Seng index was down 0.5 percent
  Dutch company Spyker Cars NV bought                      now will stabilise our (vehicle) volumes                      flat on the day at $1.4442. The euro has                       US PPI figures data. The key from here is                                                                                         in New York Wednesday.
                                                                                                                         been supported of late by expectations of                                                                                       to 24,025.30.                                                       The US unit rose on President Barack
  it on the cheap from General Motors Co.                  going forward,” Ford Australia president                                                                                     to stick with companies that have pricing
                                                                                                                         further interest rate increases from the                       power,” Veronika Pechlaner, a manager                               Asian investors were also eyeing                              Obama’s announcement to cut the US
  over a year ago.                                         Bob Graziano told reporters. (AFP)
                                                                                                                         European Central Bank following last                                                                                            mixed signals on US economic growth.                             deficit by $4 trillion, but the dollar-buy-
     Saab is in desperate need of money to pay                            ❑     ❑     ❑                                                                                                 on the 100 million euro ($144 million)
                                                                                                                                                                                                                                                         While the unemployment rate has
  suppliers and restart its plant in Trollhattan,                                                                        week’s quarter point hike to 1.25 percent                      Ashburton European equity fund said.                                                                                              ing sentiment was short-lived.
  southwestern Sweden, where workers have                  LAS VEGAS: Casino operator MGM                                — its first in nearly three years.                                Banks featured among the worst per-                           dropped this year as the economy creates                            The dollar was at 83.65 yen, off from
  been idle since early last week. On Thursday             Resorts International said Wednesday                                                                                         formers on market concerns that Greece                           more jobs, exports in February were                              83.79.
  company officials couldn’t say when they                 that it will hold a majority stake in a                                                  US                                                                                                   weaker than expected.                                               “The dollar/yen is still in the middle of
                                                           Chinese joint venture after its planned ini-                                                                                 would be forced to restructure its public
  would return to work.                                                                                                     Stocks slid Thursday after claims for                       debt, with the cost of insuring against a                           China’s      benchmark      Shanghai                          (downward) adjustments after its recent
     At the moment, Saab’s hopes appear                    tial public offering.                                         unemployment benefits rose unexpected-                                                                                          Composite Index was up 0.2 percent at                            rally ahead of a slew of US indicators due
                                                              MGM Resorts, in which billionaire                                                                                         Greek sovereign default also rising to a
  pegged to a Russian multimillionaire who                                                                               ly for the first time in three weeks.                          record high.                                                     3,056.69 but banking and real estate                             later Thursday and Friday,” said
  has applied to become part-owner and a                   Kirk Kerkorian is a major investor, said it                      The Labor Department said Thursday                                                                                           stocks were down amid concern inflation                          Kuniyuki Hirai, a foreign exchange divi-
                                                           reached deals with partner Pansy Ho that                                                                                        The STOXX Europe 600 Banks index
  plan to sell off Saab’s property to raise                                                                              that 412,000 people applied for unem-                          fell 1.5 percent, while Greek bank shares                        data due out Friday might prompt Beijing                         sion manager at Bank of Tokyo-
  cash. Both options are being reviewed by                 will give it 51 percent ownership and                         ployment benefits last week. Economists                                                                                         to hike interest rates or further tighten                        Mitsubishi UFJ.
  Swedish authorities. (AP)                                management control of MGM China                                                                                              dropped 5 percent.
                                                                                                                         expected claims to fall.                                          Banca Popolare di Milano lost 2.7 per-                        credit curbs.                                                       Some analysts see the yen strengthen-
                                                           Holdings Ltd. once it goes public on the
                  ❑      ❑      ❑                          Hong Kong Stock Exchange.                                        Applications for benefits peaked at                         cent on media reports that the Bank of                              Shanghai-listed property developer                            ing further as increasingly pessimistic
  LONDON: British pubs firm JD                                Ho will have a 29 percent stake and                        659,000 during the recession and have                          Italy has asked it to raise fresh capital                        Poly Real Estate Group Co Ltd. slid 1.9                          views over the global economy reduces
  Wetherspoon has lifted its long-term tar-                public shareholders will have 20 percent                      dropped by roughly 6 percent in the past                       above what was previously expected.                              percent. Hong Kong-listed China                                  risk appetite to induce unwinding of
  get for new pub openings to take advan-                  ownership. Ho will give the underwriters                      four months.                                                                                                                    Resources Land Ltd. was 0.5 percent                              recent yen selling.
  tage of opportunities thrown up by falling               an option to buy up to 3 percent of MGM                          Ford Motor Co. fell 2 percent. The car                                                    UK                                 down.                                                               The dollar also faced pressure in part
  property prices, chairman and founder                    China’s shares to cover excess demand,                        maker announced that it was expanding                            Britain’s top share index fell on                                 Singapore’s Straits Times index                               due to Singapore’s stronger-than-expect-
  Tim Martin told Reuters.                                 effectively lowering her holdings in the                      its recall of its F-150 pickup truck                           Thursday, led by Reckitt Benckiser after                         slumped 0.2 percent to 3,166.24 after the                        ed first quarter gross domestic product
     The company, which currently has 797                  company. (AP)                                                 because of a problem with air bags.                            the company said its chief executive was                         central bank said Thursday it would                              data, dealers said.


       exchange rates – April 14
                                US dollar                   Sterling pound                          Euro                    Japanese yen                     Swiss franc                  Canadian dollar                  Swedish kroner                   Saudi riyal                      UAE dirham                     Bahraini dinar                     Omani riyal
                            Cash      Draft   Transfer     Cash       Draft   Transfer     Cash       Draft   Transfer     Cash      Draft   Transfer     Cash      Draft   Transfer     Cash      Draft   Transfer      Cash      Draft    Transfer     Cash      Draft   Transfer       Cash       Draft   Transfer      Cash      Draft   Transfer      Cash      Draft   Transfer
BEC                Buy    .272300   .274700   .274700    .446000    .445000   .445000    .396500    .396500   .396500    .323000      —         —       .303400   .304400   .304400    .283000   .281000   .281000     .040800      —          —       .073230   .073280   .073280      .075030    .073930   .073930     .728290   .727790   .727790     .713440   .707940   .707940
                   Sell   .277200   .276800   .276800    .456000    .454000   .454000    .405500    .404000   .404000    .341000      —         —       .312900   .311400   .311400    .291500   .290000   .290000     .045800      —          —       .073920   .073920   .073920      .075540    .075540   .075440     .736290   .736290   .736290     .719120   .718940   .718940
Muzaini            Sell   .281145   .281480   .281480       —       .448450   .448450       —       .375780   .375780       —      .003399   .003399       —      .290570   .290570       —      .282380   .282380        —         —          —          —      .075091   .075091         —       .076683   .076683        —      .747920   .747920        —      .731590   .731590
Dollarco           Sell   .277500   .276750   .276750    .458000    .452205   .452205    .405000    .403150   .403150    003330    .003406   .003406    .307000   .309866   .309866    .298000   .289560   .289560        —         —          —       .074300   .073770   .073770      .076000    .075325   .075325     .738000   .732474   .732474        —         —         —
Commercial Bank    Buy    .274160   .274600   .274600    .446623    .447337   .447337    .394052    .394683   .394683       —      .003298   .003298    .306514   .304004   .304004    .283547   .284000   .284000        —      .043677   ..043677    .073130   .073246   .073246      .074672    .074792   .074792     .727702   .728865   .728865     .712664   .713803   .713803
                   Sell   .279440   .278700   .278700    .455233    .454016   .454016    .401649    .400576   .400576       —      .003348   .003348    .312423   .311588   .311588    .289013   .288241   .288241        —      .044330   .044330     .074540   .074340   .074340      .076112    .075909   .075909     .741731   739748    739748      .726403   .724461   .724461
Gulf Bank          Buy    .273100   .275600   .275600    .444155    .448180   .448180    .394028    .397635   .397635       —      .003281   .003281       —      .306324   .306324       —      .285034   .285034        —      .043875   .043875     .072671   .073403   .073403      .074211    .074959   .074959     .722869   .730148   .730148     707788    .714915   .714915
                   Sell   .279700   .277700   .277700    .458273    .454996   .454996    .406905    .403995   .403995       —      .003339   .003339       —      .312564   .312564       —      .290613   .290613        —      .044698   .044698     .074726   .074191   .074191      .076316    .075770   .075770     .743289   .737975   .737975     .728006   .722800   .722800
NBK                Buy    .270600   .275600   .275600    .447870    .449370   .449370    .397210    .398710   .398710       —      .032935   .032935    .303690   .307690   .307690       —      .286290   .286290        —      .044010   .044010     .072420   .073420   .073420      .074820    .074980   .074980     .728960   .737975   .730550     .714620   .715380   .715380
                   Sell   .279200   .277700   .277700    .456180    .453180   .453180    .405440    .402440   .402440       —      .033253   .033253    .313120   .310620    .31062       —      .288960   .288960        —      .044470   .044470     .075090   .074090   .074090      .075570    .075630   .075630     .736290   .730550   .737020     .721800   .721600   .721600
Burgan Bank        Buy    .282650   .280050   .280050    .430867    .434357   .434357    .367626    .370604   .370604       —      .003438   .003438    .294732   .297119   .297119    .277897   .286988   .284712        —      .041155    .041155    .073684   .074280   .074280      .075223    .075832   .075832     .734920   .737020   .740873     .735741   .725198   .725198
                   Sell   .278800   .282150   .282150    .438531    .437755   .437755    .374186    .373524   .373524       —      .003466   .032931    .300037   .299506   .299506    .282890   .284260   .286988        —      .041482   .041482     .075774   .075640   .075640      .077374    .077237   .077237     .751728   .740873   .750398        —      .734440   .734440
ABK                Buy    .273100   .275600   .275600    .444610    .449320   .449320    .394490    .398680   .398680       —      .032931   .033359       —      .311690   .311690       —      .286010   .286010        —      .043870   .043870     .072520   .073280   .073280      .074821    .074770   .074770        —      .750398   .729130        —      .713850   .713850
                   Sell   .279200   .277700   .277700    .456770    .453580   .453580    .405540    .402700   .402700       —      .033359   .033140       —      .311690   .311690       —      .289700   .289700        —      .044810   .044810     .074600   .074080   .074080      .075573    .075660   .075660        —      .729130   .737400        —      .721540   .721540
Oman               Buy       —      .287900   .287900       —          —         —       .363790       —         —          —         —         —          —      .272850   .283340       —                   —           —         —          —          —         —         —            —          —         —           —      .737400      —        .752000      —         —
                   Sell      —      .287900   .287900    .467000    .475000   .475000    .408000    .406000      —                 .003200   .003200                 —         —                   —       .267000        —         —          —       .076800   .076800   .076800      .078600    .078390   .078390        —         —         —                  .748000   .759930
                             Danish kroner                       Indian rupee              Pakistani rupee                 Sri Lanka rupee                Bangladesh taka                 Philippine peso                  Australian dollar             Hong Kong dollar                 Singapore dollar                 Jordanian dinar                    Egyptian pound
                            Cash      Draft   Transfer     Cash       Draft   Transfer     Cash      Draft    Transfer     Cash      Draft   Transfer     Cash      Draft   Transfer     Cash      Draft   Transfer      Cash      Draft   Transfer      Cash      Draft   Transfer       Cash       Draft   Transfer      Cash  Transfer    Transfer      Cash      Draft   Transfer
BEC                Buy    .049700      —         —       .006050    .006170   .006170    .003060   .003260    .003260    .002107   .002206   .002206    .003320   .003763   .003763    .006350   .005945   .005945     .281600   .279600   .279600     .335800   .330800   .330800      .216980    .215980   .215980     .385410 .384810     .384810     .044900   .044437   .044437
                   Sell   .054700      —         —       .006490    .006230   .006230    .003340   .003300    .003300    .002687   .002508   .002508    .003970   .003800   .003800    .006620   .006405   .006405     .293100   .291600   .291600     .363300   .361800   .361800      .221480    .221480   .221480     .392910 .391310     .391310     .048000   .046457   .046457
Muzaini            Sell      —         —         —          –       .006350   .006176       —      .003350    .003350       —      .002526   .002526       —      .004050   .004050       —      .006650   .006374        —      .277260   .277260        —      .036223   .036223         —       .215740   .215740        —    .397650     .397650     .051900   .048603   .048603
Dollarco           Sell      —         —         —       .006500    .006226   .006226    .003375   .003301    .003301    .002650   .002504   .002504    .003920   .003805   .003805    .006650   .006396   .006396        —         —         —           —         —         —            —          —         —        .396000 .390937     .390937     .048500   .046410   .046410
Commercial Bank    Buy       —      .052924   .052924    .006231       —         —          —         —          —       .002495      —         —          —         —         —       .006376      —         —        .287061   .287520   .287520        —      .035309   .035309         —       .219277   .219305     .387782    —           —        .046468      —         —
                   Sell      —      .053714   .053714    .006351    .006334   .006334       —      .003322    .003322    .002540   .002525   .002525       —      .003898   .003898    .006499   .006481   .006481     .292595   .291813   .291813        —      .035836   .035836         —       .222551   .219277     .395258 .394201     .394201     .047364      —         —
Gulf Bank          Buy       —      .053243   .053243       —          —         —          —         —          —          —         —         —          —         —         —          —         —         —           —      .288553   .288553        —      .035308   .035308         —       .219829   .219829                —           —           —         —         —
                   Sell      —      .054248   .054248       —       .006355   .006355       —      .003338    .003338       —      .002542   .002542       —      .003848   .003848       —      .006513   .006513        —      .293930   .293930        —      .035884   .035884         —       .223596   .223596        —    .393342     .393342        —      .046795   .046795
NBK                Buy       —      .053410   .053410       —          —         —          —         —          —          —         —         —          —         —         —          —         —         —           —      .289570   .289570        —         —         —            —       .220500   .222149        —       —           —           —         —         —
                   Sell      —      .053960   .053960       —          —         —          —         —          —          —         —         —          —         —         —          —         —         —           —      .292230   .292230        —         —         —            —       .222630   .220500        —       —           —           —         —         —
Burgan Bank        Buy       —      .049710   .049710       —       .006230   .006230       —      .003261    .003261       —      .002522   .002522       —      .003959   .003959       —      .006386   .006386        —      .284712   .284712        —         —         —            —       .216673   .222630        —    .394853     .394853        —      .047830   .047830
                   Sell      —      .050110   .050110       —       .006283   .006283       —      .003288    .003288       —      .002544   .002544       —      .004017   .004017       —      .006449   .006449        —      .286988   .286988        —         —         —            —       .218433   .216673        —    .398939     .398939        —      .049026   .049026
ABK                Buy       —      .053200   .053200       —       .006136   .006136       —         —          —          —         —         —          —         —         —          —         —         —           —      .289600   .289600        —      .035440   .035440         —       .220480   .218433        —    .387360     .387360        —         —         —
                   Sell      —      .054480   .054480       —       .006286   .006286       —      .003341    .003341       —      .002575   .002575       —         —         —          —      .006628   .006628        —      .292550   .292550        —      .035710   .035710         —       .222950   .220480        —    .393860     .393860        —      .047030   .047030
Oman               Buy       —         —         —                     —         —          —         —          –                    —         —          —         —                    —         —         —           —         —         —           —         —         —            —          —      .222950        —    .401670     .401670        —         —         —
                   Sell                —         —                     —         —          —      .003564    .003564              .002510   .002510    .004250   .004170   .004170    .006000   .006467   .006467     .237000   .237000   .237000        —         —                      —          —         —        .415000 .415000     .415000     .056000      —         —
                             Cyprus Pound                        Yemeni riyal                  Thai baht                 South African rand                 Korean won                      Syrian pound                    Iranian tuman                Lebanese pound                   Malaysian ringgit                Indonesian rupiah              New Zealand dollar
                            Cash    Draft  Transfer        Cash    Draft Transfer          Cash    Draft Transfer          Cash    Draft Transfer        Cash       Draft Transfer       Cash    Draft Transfer          Cash    Draft Transfer          Cash    Draft Transfer           Cash    Draft Transfer           Cash    Draft Transfer          Cash      Draft   Transfer
BEC                Buy    .530800    —        —          .118000    —       —            .088600 .088100 .088100         .034750 .034750 .034750          —          —       —         .005700 .005700 .005700         .000247    —       —            .000175 .000179 .000179          .087790 .086790 .086790          .027000 .027000 .027000         .211700   .209700   .209700
                   Sell   .543800    —        —          .126000    —       —            .095600 .094100 .094100         .043250 .043250 .043250          —          —       —         .005900 .005900 .005900         .000247    —       —            .000187 .000186 .000186          .093790 .093790 .093790          .033000 .032000 .032000         .221200   .219700   .219700
Muzaini            Sell      —       —        —             —    .001321 .001321            —    .093920 .093920            —       —       —             —          —       —            —    .006119 .006119         .000273 .000271 .000271            —    .187300 .187300             —       —       —                —       —       —               —         —         —
Gulf Bank          Buy       —       —        —             —       —       —               —       —       —               —       —       —             —          —       —            —       —       —               —       —       —               —       —       —                —        –      —                —       —       —               —      .217310   .217310
                   Sell      —    .699527 .699527           —       —       —               —       —       —               —    .041165 .041165          —       .000256 .000256         —       —       —               —       —       —               —       —       —                —       —       —                —    .000032 .000032            —      .222045   .222045
ABK                Buy       —       —        —             —       —       —               —       —       —               —       —       —             —          —       —            —       —       —               —       —       —               —       —       —                —       —       —                —       —       —               —      .217760   .217760
                   Sell      —       —        —             —       —                       –        –      –               —       —       —             —          —       —            —       —       —               —       —       —               —       —       —                —       —                        —       —       —               —      .221100   .221100

travellers cheques                                   US dollar          Sterling           Euro                     local gold                            Gold 999 kg        Gold 999 10 tola      Gold ounce          Gold gm 22k         Gold gm 21k       Gold gm 18k              100 gm 999         10 gm 999       All rates in KD per unit of foreign currency
                           BEC                       .2768000          .4540000                                                    BEC                        —                1,515.730              —                     —                   —                 —                        –                 –
                           Commercial Bank           .2794400          .4552330          .4016490                                  Muzaini Exchange       12,550.000           1,464.040            410.000               11.500              11.000            9.400                     —               135.000
                           Gulf Bank                 .2777000          .4549960          .4039950
                           Al-Ahli Bank              .2777000          .4535800          .4027000

				
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