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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 secure its frontier with the EU by taking part in joint patrols with the Greek coastguard in the eastern Aegean coordinated by EU border protection agency Frontex, the report said.Any migrants picked up would be taken back to Turkey, where six new camps for up to two million people would be built, co-financed by the EU. EU states meanwhile would agree to take in up to 500,000 people to ensure their safe passage across the ...

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 ...
Merkel plays down impact of VW scandal on German image BERLIN: Chancellor Angela Merkel on Sunday said the emissions scandal that has hit car giant Volkswagen was "dramatic" but would not inflict lasting damage to Germany's reputation.In an interview with public station Deutschlandradio, Merkel stressed Volkswagen would now have to provide the "necessary transparency"."It is of course a dramatic event which is not good," she said."But I think the reputation of German industry, the confidence in the German economy, is not so shaken that we ...
Pacific trade ministers to meet again Sunday after latest impasse ATLANTA: Trade ministers of 12 Pacific Rim countries failed again to conclude a deal on a huge free-trade area and will meet one more time Sunday in hopes of reaching agreement.The ministers began meeting late Saturday with hopes of a breakthrough, but the talks in Atlanta broke up after only about 15 minutes, with little progress."The main issues are still biologics and the dairy trade, between the US and Canada and New Zealand. The automotive ...
China eyes oil markets shake-up with new crude futures contract LONDON: China is seeking to assert its growing influence on global oil markets with a yuan-denominated crude futures contract expected to be launched this year.At the same time, analysts warn that the second-largest oil consumer after the United States will struggle to compete with more established benchmarks such as London's Brent North Sea crude and New York's WTI. "China is the world's largest oil importer and is going to become the largest oil consumer in ...
Britain will double drone fleet: Cameron LONDON: Prime Minister David Cameron said Sunday he will double Britain's drone fleet and warned about the prospect of Britain's exit from the European Union.Cameron said the government would purchase 20 "Protector" drones and spoke confidently about the prospects of a parliamentary vote to join air strikes targeting the Islamic State group in Syria.He said Britain's fleet of 10 "Reapers" would be replaced by 20 new models as part of the country's 2015 Defence Review."This ...


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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