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'Drop Kenyatta case' defence again tells ICC THE HAGUE: Lawyers representing Kenyan President Uhuru Kenyatta have renewed calls for the International Criminal Court to drop charges of crimes against humanity against him. "We have reached a stage where there is no evidence" to support the charges, Kenyatta's lawyer Steven Kay told judges in The Hague on Wednesday."It is my submission at this stage to this court to dispose of this matter," Kay told the ICC, where Kenyatta faces five counts for his role in deadly 2007-08 post-election violence that rocked the east African country.The court convened on Wednesday for a so-called status conference to check on the progress of Kenyatta's much-delayed trial, now scheduled to start on October 7.Prosecutors used the occasion to express their frustration with the Kenyan government, accusing it of failing to aid their investigation. Kenyatta's defence team has asked the ICC to drop charges against its client on a number of occasions. In ...

De Mistura to succeed Brahimi as Syria peace mediator UNITED NATIONS: Italian-Swedish diplomat Staffan de Mistura is to be named the new UN mediator for Syria on Wednesday, taking on the Herculean task of finding a political solution to the devastating civil war, diplomats said.He is to replace Lakhdar Brahimi who resigned in May after two rounds of peace talks yielded no concrete results and as the conflict escalated into a fourth year, killing more than 162,000.His nomination has been confirmed to members of ...

Mozambique presidential candidate pleads for peace MAPUTO: Mozambique's ruling party presidential candidate Felipe Nyusi on Wednesday made a plea for peace with the opposition Renamo party, which has launched a new insurgency in the southern African nation.Nyusi, 55, appearing alongside President Armando Guebuza at a rally in the village of Buzi in the conflict-hit central Sofala province, pledged "continuity" with the policies of the outgoing president."Peace is me. Peace is not waiting in the bush for people to pass in order ...

Morocco jails 3 protesters opposed to silver mine: NGO RABAT: A Moroccan appeals court has upheld the prison sentences of three activists opposed to the operations at the country's largest silver mine, a campaign group said Wednesday.Arrested in March on charges including forming a criminal gang, stealing money, holding unauthorised protests and premeditated assault, the accused were each handed three year jail terms in May. Those sentences were upheld on Monday by the appeals court in Ouarzazate, the group told AFP.The court also ordered ...

Carlos Slim eyes entry into television market MEXICO CITY: Mexican telephone tycoon Carlos Slim's America Movil is planning to enter the television business, company officials said Wednesday, one day after the legislature here approved sweeping telecoms reform.Slim is eyeing paid television service as the next move for the company, said Arturo Elias Ayub, the company's spokesman and the phone magnate's son-in-law."We want to offer our clients that famous 'Triple Play' service," said Ayub, referring to the trifecta of phone, Internet and television ...

Moody's assigns first-time B1 rating to Ivory coast, outlook positive LONDON: Ratings agency Moody's assigned Ivory Coast a first-time rating of B1 with a positive outlook, citing high growth prospects, but also flagged its low per capita income and weak institutional strength.Moody's also assigned the B1 rating to the country's planned $500 million bond, the agency said in a statement published on its website on Tuesday.Ivory Coast is emerging from a decade-long political crisis that ended in a brief 2011 civil war and its economy ...

India’s onion crisis: shortages after the best-ever harvest PACHORE WANI: Indian farmer Ranganath Watpade made a killing last year by putting off selling his onions until four months after he harvested them. This year, the same trick has backfired. The country has produced a record harvest, but many farmers in the onion bowl of India’s western state of Maharashtra have lost a large share of their crop damaged in storage, adding to the country’s inflation woes.A doubling in retail prices across major cities ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln