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Damascus says was informed by US about air strikes against IS DAMASCUS: Syria's foreign ministry said Damascus had been informed by Washington about imminent air strikes which began early Tuesday against the Islamic State (IS) on Syrian soil."The Americans had informed the Syrian representative at the United Nations that strikes would be carried out against the terrorist IS organisation in Raqa" in the north of the country, said the ministry, according to state television.For the first time in Syria's three-year war, US and Arab allies hammered militants in the north of the country, opening a new front against the extremists.The Pentagon has not yet confirmed where the strikes took place.Raqa is the militants main bastion in Syria. The IS controls Raqa province, most of Deir Ezzor in the east, as well as sections of Aleppo in the north.Copyright AFP (Agence France-Presse), 2014 ...

British PM to hold first direct talks with Iran's president since 1979 LONDON: British Prime Minister David Cameron will hold face-to-face talks with Iranian President Hassan Rouhani, the premier's office said on Tuesday, in what would be the first such high-level meeting between the two countries since 1979.During the meeting at the sidelines of the United Nations summit in New York, Cameron will urge Rouhani to join an international campaign against Islamic State (IS) militants.The planned talks come after rare direct talks between US Secretary of State ...
Libya PM wins parliament approval for new govt lineup TRIPOLI: Libya's Prime Minister Abdullah al-Thani on Monday won the blessing of parliament for his proposed cabinet of 13 ministers, after a previous line-up was rejected.Thani and the internationally recognised parliament, elected in June, are in virtual domestic exile in the far eastern city of Tobruk because of widespread insecurity, including in the capital, where a rival administration has been set up.The prime minister was charged in early September to form a new cabinet after ...
US, Arab allies bomb IS militants in Syria WASHINGTON: The United States and Arab allies unleashed bombs and Tomahawk cruise missiles on Islamic State targets in eastern Syria early Tuesday, opening a new front in the fight against the militants group, defence officials said.Bahrain, Jordan, Qatar, Saudi Arabia and the United Arab Emirates took part in the air raids, US media reported, in an extraordinary show of regional solidarity against the IS group that has rampaged through Syria and Iraq.A US defence official, ...
British PM Cameron tries to quell party revolt over new powers for Scotland MANCHESTER: British Prime Minister David Cameron tried to head off a rebellion in his Conservative party over a promise of new powers for Scotland, highlighting the difficulty of giving Scots what they want after last week's referendum on Scottish independence. Facing a difficult re-election contest next year, Cameron summoned a small group of disgruntled lawmakers to his country residence outside London on Monday to hear their complaints and to see what he could do to ...
Ukraine prepares pullback as truce holds KIEV: The Ukrainian military said Monday it was preparing to pull back its guns from the frontline in the separatist east as a fragile truce with pro-Russian insurgents appeared to be taking hold.Rebel leaders also said they were ready to give peace a chance after five months of bloodletting that set off the most serious East-West crisis since the Cold War.Across the rebel-held regions of Donetsk and Lugansk, the level of violence appears to have ...

 



 
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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln