On Saturday, first trading day of the week Saudi Arabia’s Tadawul all shares index raise 3.2 percent to 5,200.17 points which is the uppermost level since Jan 7. The Tadawul is the only Arab exchange observing by Bloomberg. The shares index has increased 9.3 per cent this year after trailing more than half its price in 2008 as oil prices fall. Al Rajhi, the country’s major bank posted an achievement in quarterly revenue, as rumor grew that the worst of the credit crisis is now to near of the end and government actions will help revitalize the global financial system.

Al Rajhi, reported an 8.1 per cent increase in quarterly net income. The second biggest bank by market price Samba monetary Group higher as much as 6 per cent. And giant food producer Almarai Co. gained as much as 2 per cent later than posting a 22 per cent rise in quarterly earnings.

On Saturday Jadwa Investment Company said,

Share prices have picked up in recent weeks after hitting a 64-month low in the first half of March. It also added

This is largely the result of improvements in global markets and rising oil prices, as investors showed a good response to various gov’s stimulus packages.

Military-ruled Myanmar when tried to enrich their military equipment from various sources. Right that time Norway announced the company that will assist the Myanmar government interest they cannot help them more. Norway has already started to take action who involved with Myanmar government. As a result, China’s Dongfeng Motor Group has been banned from the country’s investment portfolio as it sells equipment to Myanmar.

Norway’s finance ministry has announced that we will not support any other financial corporations in China.

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Each country of the world is taking different kinds of step to protect against the global economic crisis. Bermuda also trying to takes some immediate necessary steps protest against this crisis. As a step the government of the country already raises borrowing limit.

Members of Parliament in Bermuda have nearly doubled the government’s borrowing limit to $1 billion. Paula Cox, Finance Minister of Bermuda says the new law also created a $250 million economic cushion that can be used if the financial system is threatened. She hinted the limit might be raised again. The approval come up to as the administration plans to have a loan of an estimated $147 million to assist pay for quite a few capital projects and a latest hospital.

The bill was permitted on this Friday soon after members of parliament decided to increase the capital of Butterfield Bank by US$200 million in a significant deal. The local bank could not lift cash among the personal or private sector to get together stricter rule standards.

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