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Hollande orders crisis meeting of key ministers over Greece on Monday PARIS: French President Francois Hollande will gather key ministers together early Monday morning for a emergency meeting over the crisis in Greece, his office said.Hollande will hold a "restricted cabinet" meeting on Monday at 9:00 am (0700 GMT), his Elysee Palace office said in a statement.Copyright AFP (Agence France-Presse), 2015


Brazil's Rousseff begins US visit NEW YORK: Brazil's President Dilma Rousseff was to meet Sunday with investors in New York on the first day of a long-delayed US visit aimed at overcoming strains caused by the NSA spying scandal.Revelations two years ago that the US National Security Agency electronically eavesdropped on Rousseff's email and other communications prompted her to angrily call off an official visit to Washington that had been set for October 2013.The White House has expressed hope that ...

Greece working with ECB on response to banking crisis: FM LONDON: Greece will work with the European Central Bank on formulating a response to the cash crisis facing its banks before they are due to open on Monday, Finance Minister Yanis Varoufakis said Sunday.Speaking shortly before an emergency gathering of Greece's systemic stability council, he declined to say whether the government intended to introduce capital controls."This is a matter that we'll have to work overnight on with the appropriate authorities both here in Greece and ...

Vietnam to end foreign investment limits for some companies HANOI: Vietnam said Sunday it will end restrictions limiting the stake foreigners can own in some locally listed companies, the latest move by the communist country to open up to overseas investments.In a decree posted on the government's website, Hanoi said it planned to scrap rules currently forbidding foreigners from owning more than 49 percent of a company."For (some) public companies... the percentage of foreign ownership is unrestricted, unless the company's charter stipulates otherwise," the ...

Turkey's Erdogan says will ‘never allow’ Kurdish state: media ISTANBUL: President Tayyip Erdogan was quoted on Saturday as saying Turkey would never allow the formation of a Kurdish state embracing its south-east and parts of northern Syria, comments likely to anger Kurds as a peace process with Ankara stalls.Turkey has has looked askance as Syrian Kurds have made military advances against Islamic State militants in neighbouring Syria, fearing that could lead to the creation of an automous Kurdish state there and further embolden Turkey's ...

Greece's Varoufakis says still 'fighting' for a bailout deal      BRUSSELS: Greek Finance Minister Yanis Varoufakis said on Saturday Greece was still fighting to reach a bailout deal with its EU-IMF creditors, despite a flat refusal by its eurozone partners to extend its rescue programme beyond June 30."In this crucial moment, we are still fighting for a deal up to the last moment. I do not want to speculate on failure," Varoufakis told reporters after a meeting with his eurozone counterparts.If a deal is reached, ...

Russian former PM Yevgeny Primakov dies aged 85: Kremlin MOSCOW: Yevgeny Primakov, an economist who served as Russia's prime minister in 1998-1999, has died aged 85, the Kremlin said on Friday.Primakov was premier under president Boris Yeltsin and had also served as foreign minister. "He was a statesman, scientist, politician, he has left behind a great legacy," Kremlin spokesman Dmitry Peskov was quoted as saying by Russian news agencies.Copyright AFP (Agence France-Presse), 2015


 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln