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EU to clear massive British nuclear deal: spokesman BRUSSELS: The EU's competition watchdog will recommend approval of Britain's plans, backed by French and Chinese energy giants, to build its first nuclear plant in a generation, an official said Monday."As our discussions with British authorities have ended with an agreement, the Competition Commission will recommend a positive decision" on the Hinkley Point project, said a spokesman for Commissioner Joaquin Almunia said."In principle, the decision should be made in October," he added.Last year, the British government signed a £16-billion ($26-billion, 18.9-billion-euro) deal with French energy giant EDF to build two reactors at Hinkley Point C in southwestern England to meet Britain's future energy needs.Under the accord, EDF gets a 45-50 percent stake, China General Nuclear (CGN) and China National Nuclear Corporation (CNNC) will have a combined 30-40 percent and another French firm, Areva, 10 percent.Shortly after the deal was announced, the European Commission launched a probe into its state-backed price ...

WHO experts advise against travel or trade bans on Ebola-hit Africa GENEVA: Independent health experts have advised the World Health Organization (WHO) that there should be no general ban on travel or trade with countries reeling from an Ebola epidemic in West Africa, the United Nations agency said on Monday. In a statement issued after the Emergency Committee held its second meeting last week the WHO said the outbreak in five countries that has killed at least 2,630 people remains a "public health emergency of international ...

After China, GlaxoSmithKline faces pressure for change LONDON: GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 million fine in China, but the drugmaker has its work cut out to win back sceptical investors. That means continued pressure on Chief Executive Andrew Witty, seen not so long ago as one of the sector's star managers, who is under fire for allowing the erosion of GSK's all-important US business just as much as for the woes ...

Sierra Leone records 130 new Ebola cases during 3-day lockdown FREETOWN: Sierra Leone recorded 130 new cases of the Ebola virus during a three-day lockdown and it is waiting for test results on a further 39 suspected cases, Stephen Gaojia, head of the Ebola emergency operations centre, said on Monday. The country ordered its 6 million citizens to stay indoors for three days until Sunday night in the most extreme strategy employed by a nation since the start of an epidemic that has infected at ...

Ebola outbreak ‘pretty much contained’ in Senegal and Nigeria GENEVA: Two of the five countries affected by the world's worst ever Ebola outbreak are managing to halt the spread of the disease, the World Health Organization said on Monday, although the overall death toll rose to 2,793 out of 5,762 cases. "On the whole, the outbreaks in Senegal and Nigeria are pretty much contained," a WHO statement said. There were no new deaths in Guinea, four in Sierra Leone and 39 in Liberia. A ...

Taliban reject Afghan unity government pact as US 'sham' KABUL: Afghanistan's Taliban militants on Monday decried a pact by rival election candidates to form a government of national unity as a "sham" orchestrated by the United States and unacceptable to the Afghan people.Former finance minister Ashraf Ghani was named president-elect on Sunday after he signed a deal to share power with his opponent, former foreign minister Abdullah Abdullah, ending months of turmoil that has destabilised the country as most foreign troops prepare to leave.Ghani's ...


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Banking Review 2013

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln