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US consumer prices edge up in March WASHINGTON: US consumer prices ticked higher in March, lifted by a rebound in energy prices, the Labor Department reported Friday.The consumer price index (CPI) rose 0.2 percent for the second month in a row in March, weaker than the 0.3 percent increase expected by analysts.Year-over-year, inflation dipped back into negative territory with a 0.1 percent fall. In January inflation had turned negative for the first time since 2009.The CPI number month-over-month was pulled higher by a 1.1 percent rise in energy prices, including a 3.9 percent jump in gasoline, and a 1.2 percent gain for used cars and trucks.Food prices slipped 0.2 percent.Stripping out food and energy prices, the so-called "core" CPI rose 0.2 percent from February, double the increase expected. It was up 1.8 percent from March 2014, marking a slight increase from the 1.7 percent rise for the 12 months ending February.The inflation snapshot came as the Federal ...

UN says 8,000 people flee Burundi as poll tensions mount GENEVA: More than 8,000 Burundians have fled in the past two weeks to Rwanda and DR Congo following mounting tensions in the central African country ahead of a key vote, the UN said Friday.The UN refugee agency said the main reasons according to reports from the ground were the disappearance of people associated with the opposition and alleged forced recruitment by the pro-government militia Imbonerakure, the youth wing of the ruling CNDD-FDD party."In all, more ...

Spanish authorities search ex-IMF chief Rato's offices for second day MADRID: Spanish tax authorities carried out new searches Friday of the Madrid offices of former IMF chief Rodrigo Rato in a money-laundering probe as the country asked if he had been made a scapegoat in the ruling Popular Party's anti-corruption drive.Rato is already being investigated for alleged fraud during his time as chief executive at Bankia, a Spanish bank which needed to be bailed out by the government.The 66-year-old told El Pais newspaper that he ...

Billion dollar wildlife and gold trade fuelling DR Congo war: UN NAIROBI: Smuggling of ivory, gold and timber worth over a billion dollars a year is fuelling war by funding dozens of rebel groups in Democratic Republic of Congo, a UN report warned on Friday."Militarised criminal groups with transnational links are involved in large-scale smuggling" of "gold, minerals, timber, charcoal and wildlife products such as ivory" of up to $1.3 billion (1.2 billion euros) each year from eastern DRC, the UN Environment Programme (UNEP) said.The revenues ...

More children in Middle East, North Africa at risk of no schooling: UN report ISLAMABAD: One in every four children and young adolescents in the Middle East and North Africa region are either out of school or at risk of dropping out, a UN spokesperson said.The report, jointly released by the United Nations Children's Fund (UNICEF) and the United Nations Educational, Scientific and Cultural Organization Institute for Statistics, said that more than 21 million children in the region are at risk of missing out on an education, despite impressive ...

South African anti-immigrant attacks spread to downtown Johannesburg JOHANNESBURG: Twelve people were arrested overnight as anti-foreigner attacks in South Africa spread to parts of downtown Johannesburg, police said Friday."Twelve suspects were arrested for trying to break into foreign-owned shops," said police spokesman Lieutenant Colonel Lungelo Dlamini. It was the latest incident in a wave of immigrant-targeted violence that began earlier this month in the port city of Durban, leaving at least six people dead.According to local reports, the protesters from a local hostel ...

India's Pachauri asks court for permission to travel NEW DELHI: Rajendra Pachauri, who stood down as head of the UN climate panel in February facing investigation for alleged sexual harassment, asked an Indian court Friday for permission to travel to Greece for a water conference.The 74-year-old was barred from leaving the country pending a police investigation after a researcher at his New Delhi research institute accused him of sexual harassment -- an allegation he denies."He has moved the court because he wants the ...


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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
WeeklyApril 16, 2015
Reserves $16.818 bln