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Nepal police arrest 30 in protest against new constitution KATHMANDU: Nepalese police arrested 30 demonstrators in the capital on Sunday for trying to enforce a nationwide strike, the latest in a string of protests against the new constitution."We have arrested 30 demonstrators in Kathmandu for trying to block roads, vandalise vehicles and close shops," police spokesman Kamal Singh Bam told AFP. The protesters were from Nepal's federation of indigenous nationalities, which called a nationwide strike against the borders of new provinces proposed in the draft constitution. Nepal's bickering parties struck a breakthrough deal earlier this month to carve the country into six provinces in a new constitution, since modified to include a seventh province. But hundreds of demonstrators have campaigned against the proposed internal borders, saying they fail to ensure political representation for marginalised communities, including the Madhesis and Tharus. The demonstrations have sparked clashes with police who have shot dead three people in Nepal's midwest and south over ...

Germany's only deep water port ready for giant container ships WILHELMSHAVEN: The first years proved a difficult start for Germany's only deep water port, Wilhelmshaven's Jade-Weser-Port container hub, inaugurated in 2012, but its operators are now seeking to make it a top terminal for supersize ships.The head of the Eurogate container terminal on Germany's North Sea coast, Mikkel Andersen, smiles as he watches the busy comings and goings down on the quay from up high in his office. Among the vessels docked below is a ...

Colombian father sentenced in case of child drug mule BOGOTA: A Colombian father who forced his 11-year-old daughter to swallow dozens of cocaine-filled capsules and tried to make her a drugs mule was sentenced to more than 14 years in prison, authorities said Saturday.Diego Mancilla Aguilar was convicted on charges of attempted aggravated murder, drug trafficking and use of a minor in the commission of a crime.Mancilla made an agreement with prosecutors in which he was sentenced to 14.5 years in prison, a judicial ...

Hollande offers 'heartfelt thanks' to Obama over US train heroes PARIS: French President Francois Hollande on Saturday offered his "heartfelt thanks" to his US counterpart Barack Obama for the "exemplary conduct" shown by three US citizens who overpowered a suspected jihadist gunman on a packed Amsterdam-Paris train, the Elysee said.Their actions helped prevent "an extremely serious" incident, Hollande's office said in a statement.The two presidents, speaking by phone late Saturday afternoon, "renewed their determination to work together to fight against violence and terrorism on all ...

Abbas quits PLO leadership ahead of internal election: official RAMALLAH: Palestinian president Mahmud Abbas resigned Saturday as head of the Palestine Liberation Organisation's Executive Committee in a bid to force new elections for the top body, an official said.Wassel Abu Yussef said that more than half of the 18-member committee had also stepped down."The resignation of the president of the executive committee Mahmud Abbas and more than half of its members has created a legal vacuum, and therefore the Palestine National Council has been ...

IMF official says ‘premature’ to speak of Chinese crisis RIMINI: China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday.Fresh evidence of easing growth in China hammered global stock markets on Friday, driving Wall Street to its steepest one-day drop in nearly four years."Monetary policies have been very expansive in recent years and an adjustment is necessary," said Carlo Cottarelli, ...

Japan protests Russian PM's visit to disputed island TOKYO/ITURUP: Japan on Saturday lodged a protest over Russian Prime Minister Dmitry Medvedev's visit to one of four disputed Pacific islands which have strained ties between the two countries since the end of World War Two.The decades-old argument over the territory, claimed by both states, could set back Japanese Prime Minister Shinzo Abe's efforts to court resource-rich Russia and keep the door open to dialogue, despite the Ukraine crisis.The islands are known in Russia as ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln