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Merkel says 'military efforts', talks needed on Syria BERLIN: German Chancellor Angela Merkel said Sunday that "military efforts" were needed in Syria but they would not be enough to end four years of bloodshed in the war-scarred country.Merkel urged talks with all sides in the conflict, in an interview with public broadcaster Deutschlandradio."On Syria, I have said we will need military efforts -- but military efforts will not bring about a solution," she said."We need a political process, which has had a difficulties getting under way."The German leader reiterated a call for Syrian President Bashar al-Assad to be involved in any peace talks to end the conflict, noting that his representatives had taken part in several rounds of UN-led negotiations in Geneva."That is not to say that we don't see what horrible things are happening -- what Assad has done and is still doing with barrel bombs against his own people," she said."But to achieve a political solution, ...

Assad: Russian failure in Syria would 'destroy' Mideast DAMASCUS: Syrian President Bashar al-Assad said in comments broadcast on Sunday that the success of Russia's military intervention in his country's civil war was vital for the whole Middle East."The alliance between Russia, Syria, Iraq and Iran must succeed or else the whole region will be destroyed," he said in an interview broadcast by Iranian state television.Russia on Wednesday launched air strikes in Syria in a move Moscow insists is aimed at fighting the Islamic ...

Turkey, EU agree to migrant action plan: report BERLIN: The European Union and Turkey have agreed in principle to a plan of action to help ease the flow of migrants into the bloc, a German newspaper reported Sunday.The Frankfurter Allgemeine Sonntagszeitung said the European Commission and Turkish government representatives struck the accord last week and that it would be approved during talks Monday in Brussels between Turkish President Recep Tayyip Erdogan and EU leaders.Under the plan, Turkey would agree to stepped-up efforts to ...

Medical charity MSF leaves Afghan city after fatal airstrike KABUL: Medical charity MSF said Sunday it has withdrawn staff from the embattled Afghan city of Kunduz, a day after an apparent US bombing raid on its hospital which the UN said could amount to a war crime.Doctors Without Borders (MSF) said 19 people were killed, some of whom burned to death in their beds as the bombardment continued for more than an hour, even after US and Afghan authorities were informed the hospital had ...

Russia making 'grave mistake' in Syria: Turkey's Erdogan ISTANBUL: Moscow's bombing campaign in Syria is "unacceptable", Turkish President Recep Tayyip Erdogan said Sunday, warning that Russia was making a "grave mistake". "The steps Russia is taking and the bombing campaign in Syria is unacceptable in any way. Unfortunately, Russia is making a grave mistake," Erdogan told a news conference at Istanbul airport before leaving for a visit to France.Copyright AFP (Agence France-Presse), 2015

Multiple blasts heard near NE Nigeria's Maiduguri MAIDUGURI: Multiple explosions were heard Sunday on the outskirts of Maiduguri, a city in northeastern Nigeria that has repeatedly been attacked by Boko Haram militants, locals said. They said loud explosions were heard from the areas of Kayamla and Dalori, three days after the insurgents attacked Maiduguri, leaving 10 dead and many more injured."The sound of bomb explosions is being heard from Kayamla and Dalori along Bama Road since around 7:00 am today," said Kursi ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln