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US seeks to pacify Israel public over Iran deal JERUSALEM: US Ambassador Dan Shapiro on Monday sought to quell Israeli fears over an emerging deal with Iran, vowing that Washington would never let Tehran acquire a nuclear weapon. "On this crucial issue the US and Israel share an identical agenda," Shapiro told delegates attending the General Assembly of the Jewish Federations of North America in Jerusalem (GA).US President Barack "Obama has made it crystal clear that he will not permit Iran to acquire a nuclear weapon, period, and is prepared to use all elements of our national power to ensure that we are successful," he said.His remarks came as the US and Israel were locked in a war of words over negotiations between world powers and Iran in a bid to limit its nuclear programme, which is widely believed to be a front for developing a military capability. Diplomats have said they are closing in on an interim agreement ...

Call for Atlantic tuna quotas to be retained JOHANNESBURG: A leading environmental group on Monday called on authorities to keep tough fishing quotas on Atlantic tuna when governments meet next week to set industry rules.The US-based Pew Charitable Trusts called on the 47-member governments of the International Commission for the Conservation of Atlantic Tunas to maintain catch limits on endangered bluefin tuna.The group will meet in Cape Town next week under pressure from the fishing industry and countries to loosen rules."The recommended quotas ...

Monetary policy now a single-indicator issue LONDON: "I don't get it. Inflation is lower than it should be. As to why it is slowing, where it will stop or whether it's a bad thing, I just don't know." Mario Draghi did not say this at his November press conference, and the president of the European Central Bank would probably never articulate such thoughts perhaps not even to himself. You don't stay at the top of a profession like ...

High interest rates to sustain appetite for Brazil debt JANEIRO: Brazil's high and rising interest rates are likely to keep attracting bond investors next year despite the country's struggle with a deteriorating budget, high inflation and low growth. Foreign investors have snatched up a heavy $6 billion worth of Brazilian debt per month, on average, since policymakers removed some capital controls in June and the US Federal Reserve signaled it would take time to wind down its bond-buying program, which has boosted ...

World to ease Iran sanctions in event of nuclear deal: Britain LONDON: World powers would lift some of the sanctions they have imposed on Iran if a preliminary deal over its nuclear programme could be reached, Britain's Foreign Secretary William Hague said on Monday after the latest round of talks ended without agreement. "An interim agreement would involve offering Iran limited, proportionate sanctions relief," Hague told the British parliament, reiterating that a "deal is on the table and can be reached". Britain ...

Storm kills at least 100 in Somalia's Puntland BOSASSO: At least 100 people were killed when a tropical cyclone hit Somalia's semi-autonomous Puntland region at the weekend, the government said on Monday, declaring a state of emergency and appealing for international aid. The government said hundreds of people were missing after the storm made landfall on Saturday. "Houses and livestock were swept into the ocean by the floods," President Abdirahman Mohamud Farole told reporters in the capital Garowe. "We ...

Syria army seeks to reopen Aleppo airport: military DAMASCUS: The Syrian army has secured most of the area around Aleppo International Airport and could reopen the facility which fighting has kept closed for nearly a year, a military source said Monday."All of the area southeast of the airport is in the hands of the army," the source told AFP, on condition of anonymity, adding that a reopening was "now possible."The comments came a day after the army gained control over Base 80, a ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln