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Kerry off on mega Mideast, Asia tour WASHINGTON: US Secretary of State John Kerry leaves Friday on a 12-day trip during which he will return to the Middle East, hold high-level talks in Southeast Asia and make his first visit to India.At the start of his seven-nation tour, Kerry will head to Doha to meet with Qatari leaders and take part in a meeting of the core ministers from the Friends of Syria group, State Department spokeswoman Jen Psaki said Wednesday.The top US diplomat will then travel to India from June 23-25 for his first official visit since taking up his post on February 1, to chair the fourth annual US-India strategic dialogue.The forum reflects "the strong strategic partnership between our countries," Psaki said, and will take up issues ranging from security and defense to science, climate change and economic ties, as well as space cooperation.Originally Kerry had planned to visit Pakistan, Psaki confirmed, but it was ...


US, Jordan troops hold desert war games AQABA: US and Jordanian F-16 fighter jets hit dummy targets in the kingdom's southern desert on Wednesday, while Navy SEALs and other special forces rescued "hostages" and nabbed "terrorists" in mock exercises under major multinational manoeuvrers.Using live ammunition, six F-16s, two AV-8B Harrier jets, 28 tanks, 20 armoured personnel carriers, 800 US and Jordanian troops took part in a 45-minute drill in Quweira close to the Red Sea port of Aqaba as part of "Eager ...

Doctors reap in billions as Cuba's top export HAVANA: Cuba is out to boost its top export, an ever-more critical pillar of its economy. And it's not sugar: hired-out Cuban doctors earn the Communist government over six billion dollars a year.Medical services exports "are now the leading source of hard-currency income for the nation, and have great potential to keep growing," Foreign Trade Minister Rodrigo Malmierca said at a recent event.About 40,000 Cubans doctors are working on contracts in 66 countries in Asia, ...

UN chief Ban 'shocked' over Somalia attack: spokesman BEIJING: United Nations Secretary-General Ban Ki-moon is "shocked" at the news of an attack on a UN compound in Somalia on Wednesday, his spokesman said."The Secretary-General is aware of the attack against the United Nations in Somalia, and he is shocked by it," Martin Nesirky, the spokesman, said in an e-mail. "He is being updated regularly as we get more information from Mogadishu and UN Headquarters in New York."Ban is currently on a visit to ...

Obama warns against 'losing' jobless generation BERLIN: US President Barack Obama said soaring youth unemployment called for a different tack to avoid "losing" a generation, after talks with German Chancellor Angela Merkel on Wednesday that touched on the eurozone crisis.Obama told a joint news conference with Merkel who with other European leaders is racing to tackle high youth unemployment in some EU countries that the goal of making the "lives of people better" must be kept in sight."All of us have ...

Russia wants other states to commit to nuclear cuts: Kremlin MOSCOW: Russia wants major new cuts in nuclear stockpiles to be proposed by US President Barack Obama on Wednesday to be expanded beyond Russia and the United States and include other nuclear armed states, a top Kremlin aide said."The process of cutting down nuclear potential should include other countries with nuclear weapons," Russian diplomats told Washington ahead of Obama's expected speech on the subject in Berlin, foreign policy aide Yury Ushakov said."The situation now is ...

Iraqi Kurds say new oil pipeline to Turkey to start soon LONDON: Iraqi Kurdistan will start a new oil pipeline to Turkey within months, its energy minister said, increasing the autonomous region's control over its resources in a dispute with Baghdad and raising its exports to world markets.In a move that will provoke Baghdad, the Kurdish regional government will complete the pipeline by the end of September with an initial capacity of 300,000 barrels per day (bpd), its energy minister, Ashti Hawrami, told a conference in ...


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln