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US Treasury's Lew says strong dollar is good for America SAN FRANCISCO: US Treasury Secretary Jack Lew on Tuesday said a strong dollar remains good for America, especially when it appreciates because of a strong domestic economy. "A strong dollar is good for the United States, especially when it's reflecting a strong US economy relative to other economies." Lew told an audience following a speech on America's relationship with China. "It's a very different story if it's the result of unfair intervention." Copyright Reuters, 2015

EU congratulates Buhari for winning Nigeria presidential vote BRUSSELS: The European Union's top diplomat Federica Mogherini on Tuesday congratulated Muhammadu Buhari for winning Nigeria's presidential election, saying she looks forward to working with the president-elect."I thank outgoing President Goodluck Jonathan for his great contribution to building the country and to consolidating its democracy over the past five years, and look forward to working with the newly elected President and his government in the future," Mogherini said in a statement. Copyright AFP (Agence France-Presse), ...

Nigeria's Buhari wins huge support in Boko Haram-hit Borno: results ABUJA: Borno state in northeast Nigeria, worst-hit by six years of Boko Haram violence, voted overwhelmingly in favour of opposition candidate Muhammadu Buhari, results showed on Tuesday.The former military ruler, who has accused President Goodluck Jonathan of failing to provide leadership in the insurgency, won 473,543 ballots in the state, or 94 percent of the valid votes cast.Jonathan, who had been hoping for a political bounce from recent military successes against the Islamists, could only ...

At least 62 children killed in Yemen in past week: UNICEF UNITED NATIONS: At least 62 children have been killed and 30 injured in Yemen over the past week as fighting has escalated with a Saudi-led air campaign, the UN children's agency UNICEF said Tuesday."Children are in desperate need of protection, and all parties to the conflict should do all in their power to keep children safe," said UNICEF's representative for Yemen, Julien Harneis.Fighting has escalated sharply in Yemen after a Saudi-led coalition launched air strikes ...

Alps crash victim identification possible soon: Hollande BERLIN: French President Francois Hollande said Tuesday it would soon be possible to identify the victims of the Germanwings plane disaster, as insurers said hundreds of millions of dollars were being set aside to cover compensation for their families.With search teams continuing to scour the crash site in the French Alps under arduous conditions, Hollande said on a one-day visit to Berlin that identifying the 150 people on board Flight 4U9525 would help allow the ...

Chinese FM quits Iran talks, team stays behind LAUSANNE: Chinese Foreign Minister Wang Yi left talks in Switzerland to seal an outline nuclear deal with Iran but his negotiating team remained behind, a Western diplomat said."His deputy is staying," the diplomat told reporters as the tough negotiations were going down the wire to a midnight deadline.Earlier, a senior US official said that the talks could drag into Wednesday, while an Iranian negotiator said his team was ready to keep talking "as long as ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln