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China uncovers 670 gun-related crime dens in 2012 BEIJING: Chinese police uncovered about 670 secret sites involved in the illegal production and distribution of guns in 2012, according to official figures.   The Ministry of Public Security released Tuesday key figures on the results of last year's national campaign to fight gun-related crimes, which has been considered a success.   Statistics show that police authorities across China last year investigated around 14,000 cases involving a range of illegalities, including the production, trade and possession of guns and explosives.   More than 20,000 people were apprehended for their suspected involvement in such crimes and some 360 criminal gangs were busted, the state media quoted ministry..   The ministry said police seized around 160,000 guns and 2,780 tonnes of explosives during the campaign. More than 60 percent of all seized guns and ammunition was submitted by citizens voluntarily or confiscated by police acting on tip-offs.   Copyright APP (Associated Press of Pakistan), 2013

European car sales plunge in December ends woeful year FRANKFURT: Europe's new car market shrank in December at its fastest monthly pace since October 2010, closing a year burdened by heavy declines in all major euro zone economies.   Two fewer working days on average helped send new car registrations in the European Union tumbling 16.3 percent last month to 799,407 vehicles, according to data published on Wednesday by the European automotive industry association ACEA.   The figures highlight the crisis for automakers in Europe, where over-indebted banks ...

Tanzania current account gap to narrow on lower fuel imports DAR ES SALAAM: Tanzania's high current account deficit will stay at about 16 percent of gross domestic product in the fiscal year to June, then narrow slightly as demand for imported fuel falls, the government said.   The east African nation has discovered huge amounts of gas which it is banking on to ramp up domestic power generation and end chronic power shortages that have curbed economic growth.   "The deficit is projected to narrow to about 14 percent ...

China expects trade to grow at similar pace to GDP BEIJING: China said Wednesday that it expects foreign trade to grow at a similar pace to the economy this year, indicating a feeble pickup from 2012.   "Our target this year is... to try to keep foreign trade increasing at a rate that is roughly in accordance with GDP growth," Shen Danyang, spokesman of the Ministry of Commerce, told reporters at a regular briefing without giving a specific figure.   China had declared it wanted to see trade grow ...

South Korea satellite rocket launch set for Jan 30-Feb 8 SEOUL: South Korea will make another bid at the end of this month to put a satellite in orbit and gain entry to an elite global space club that includes Asian powers China, India and Japan.   The Ministry of Education, Science and Technology announced Wednesday a January 30-February 8 window for launching the 140-tonne Korea Space Launch Vehicle-1 (KSLV-1) from the Naro Space Centre on the south coast.   "By the end of this week, first and second ...

Supreme Court judge in Russia MOSCOW: An attacker shot dead a judge from the Supreme Court of Russia's Dagestan region on Tuesday, the country's Investigative Committee said.   An unidentified attacker shot the Dagestan Supreme Court judge, Magomed Magomedov, "at least five times", the powerful agency, which investigates serious crimes, said in a statement on its website.   "The judge died from his wounds," it added.   Investigators "are prioritising the theory that the motive was the judge's professional activities," the statement said, adding that the ...

Mexican ex-president MEXICO CITY: Harvard University's decision to give former Mexican president Felipe Calderon a fellowship has sparked an outcry from activists who say his controversial drug war makes him unfit for the job.   Mexican poet Javier Sicilia and human rights activist Sergio Aguayo sent a letter to the dean of the Kennedy School of Government this week, saying that Calderon "does not fulfill the ethical standards" to work at the institution.   Aguayo and Sicilia, whose son was killed ...


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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 $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln