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I.Coast's Ouattara nominated to seek re-election as president ABIDJAN: The ruling coalition in Ivory Coast on Saturday nominated incumbent President Alassane Ouattara for re-election in October's presidential poll as the country seeks to move on from years of political turmoil.Ouattara's official nomination was announced by former Ivorian head of state Henri Konan Bedie, with Gabon's President Ali Bongo Ondimba also attending a grand ceremony held in the country's biggest stadium in Abidjan.The 73-year-old Ouattara, decked out in a white hat and shirt, made a grand entrance into the 35,000-seat stadium riding in a convertible.He was greeted by the crowd shouting "ADO president!" -- a reference to his initials as Alassane Dramane Ouattara.The Ivorian leader had won the backing of his Rally of Republicans (RDR) party at a congress in March. Its ally the Democratic Party decided not to field its own candidate to help ensure Ouattara's victory.Faced with a divided opposition, the former vice-president of the International Monetary ...


Flights disrupted as Chile volcano spews more ash PUERTO VARAS: Ash from Chile's spewing Calbuco volcano threatened Saturday to spell travel misery in the region and beyond after it triggered the cancellation of domestic and international flights in several cities.A sleeping giant for more than 50 years, the volcano sprang to life in spectacular bursts of ash and lava Wednesday and Thursday, forcing 6,500 people living nearby to evacuate and blanketed southern Chile in suffocating volcanic debris.It coughed out more fire and ash ...

India's SMEs still to be convinced by business-friendly PM NEW DELHI: While Narendra Modi may be the toast of India's titans of industry, bosses of the army of small and medium-sized businesses (SMEs) are beginning to grow impatient for change a year into his premiership.With the economy now outpacing even China, Modi has won big-name plaudits for transforming the climate with a series of reforms and pledges that have burnished his business-friendly credentials.In a paean to Modi for the latest edition of Time magazine, ...

Frantic search for Nepal quake survivors as toll tops 2,000 KATHMANDU: Rescuers in Nepal searched frantically Sunday for survivors of a quake that killed more than 2,000, digging through rubble in the devastated capital Kathmandu and airlifting victims of an avalanche at Everest base camp.Terrified residents of Kathmandu were woken by fresh aftershocks in the worst disaster to hit the impoverished Himalayan nation in more than 80 years, with many forced to spend the night trying to sleep out on the streets and open ground ...

Turkish Cypriots vote in poll that could speed peace talks NICOSIA: Voters in the breakaway Turkish Republic of Northern Cyprus went to the polls on Sunday to choose a new leader in an election runoff that could speed UN-brokered reunification talks.Polls were due to close at 6 pm (1500 GMT) with unofficial results expected two hours later.Nationalist incumbent Dervis Eroglu won the most votes in a first round last weekend but is expected to be trumped by reconciliationist challenger Mustafa Akinci after some three-quarters of ...

Quake avalanche kills 8 at Nepal's Everest Base camp KATHMANDU: An avalanche triggered by a deadly earthquake in Nepal on Saturday buried a part of the base camp for climbers bound for Mount Everest, killing at least eight people, Nepal's tourism ministry said."The toll could go up, it may include foreigners as well as sherpas," tourism official Gyanendra Shrestha said.Copyright AFP (Agence France-Presse), 2015

Indonesia issues execution orders for Australians, Filipino SYDNEY: Two Australian drug traffickers and a Filipino woman were on Saturday given official notification by Indonesia that they will be executed, but with no given date, reports and a lawyer said.They include Australians Myuran Sukumaran and Andrew Chan, ringleaders of the "Bali Nine" heroin trafficking gang, and mother-of-two Mary Jane Veloso.There was no word on the fate of several other foreign drug convicts due to face the firing squad, including one each from Brazil ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln