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Suicide bomber, two people killed outside a Mosque in Saudi ABU DHABI: Two people were killed on Friday when a sucide bomber tried to enter a mosque in eastern Saudi Arabia, witnesses said, the second attack of its kind in a week.A witness identified only as Ahmed said he was with his family near the al-Anoud Mosque when "a quick explosion" happened. He did not know the cause of the blast.He said acquaintances at the mosque told him a man was killed along with a bomber when the man tried to prevent him from reaching the building.Another witness said a passer-by was also killed in the blast.Saudi security forces surrounded the area and began investigating the incident.Copyright Reuters, 2015

India battles deadliest heatwave in two decades HYDERABAD: Indian authorities urged hospitals to treat heatstroke as an emergency as the toll from a long heatwave topped 1,800 on Friday, making it the deadliest in more than two decades.Hundreds of mainly poor people die at the height of summer every year in India, but this year's figures are already nearly double the annual average.Experts say the official figures likely understate the true impact because heatstroke disproportionately affects the poor and homeless, who are ...

Greece looms large over final day of G7 finance meeting DRESDEN: Greece's fate in the euro area continued to cast a shadow over the second and final day of a Group of Seven finance ministers meeting in Dresden Friday with still no sign of a deal in sight.The governor of the Bank of Japan Haruhiko Kuroda -- who is attending the meeting -- warned of the consequences of a possible "Grexit" or Greek exit from the euro. "If for the first time a country leaves ...

Denmark goes to polls on seven quarters of growth COPENHAGEN: Denmark registered its seventh straight quarter of growth in January-March, rising by 0.4 percent from the previous three-month period, data showed Friday just three weeks ahead of a general election.This is the first time the Scandinavian country has enjoyed such a long period of growth since 2000.Earlier this week, Prime Minister Helle Thorning-Schmidt called legislative elections for June 18 even though her Social Democratic-led government is trailing the right-wing opposition in the polls.Under election ...

German retail sales rebound in April BERLIN: German retail sales, a closely watched measure of household confidence, bounced back strongly in April after falling the previous month, official data released Friday showed.Retailers' sales in Europe's top economy rose 1.7 percent in April on a month-on-month basis, after falling 1.4 percent in March, the federal statistics office Destatis said in a statement.It had initially reported a 2.3-percent decline in March but corrected the figure based on more complete data.Analysts polled by financial ...

NASA testing new Mars lander for 2016 landing ISLAMABAD: In March 2016, NASA will send a unique Mars lander to explore the Red Planet's deep interior to find clues about how all rocky planets, including the Earth, formed and evolved.The lander called InSight (Interior Exploration using Seismic Investigations, Geodesy and Heat Transport) is about the size of a car and will be the first mission devoted to understand the interior structure of the Red Planet, CBC news reported.The current testing will help in ...

Sri Lanka raises $1bn abroad after parliament snub COLOMBO: Sri Lanka's new government raised nearly a billion dollars through its first overseas bond issue after parliament shot down plans to increase local borrowings, the country's central bank said Friday.The Central Bank of Sri Lanka said $650 million was raised Thursday through a 10-year bond at an annual interest rate of 6.125 percent while the rest was through shorter tenure."A total of $988 million was raised via international sovereign bonds and Sri Lanka Development ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln