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Israel justice minister slams Russia arms to Syria JERUSALEM: Israeli Justice Minister Tzipi Livni on Friday slammed Russian arms deals with Syria, after US media reported further weapons shipments to the Damascus regime.Livni's comments also come in the wake of a surprise visit by CIA chief John Brennan to Israel to discuss the situation in Israel's war-torn neighbour."The transfer of arms to Syria is clearly not positive and does not contribute to the stability of the region," Livni said after meeting German Foreign Minister Guido Westerwelle, who is on a visit to Israel, in Tel Aviv."Israel has the right to defend itself," Livni added.The justice minister was answering a question on news reports published by US papers on Thursday saying Russia had sent cruise missiles to Damascus.The New York Times reported senior US officials as saying that Moscow dispatched an advanced version of the Yakhont anti-ship cruise missiles Russia has previously provided to Syria.The missiles provide "the Syrian ...


Financial Times 'hacked by Syrians' LONDON: The website of Britain's Financial Times appeared to have been hacked on Friday by the Syrian Electronic Army, a mysterious group seemingly aligned with the regime of President Bashar al-Assad.The hackers posted messages on the prestigious newspaper's technology blog reading "Hacked by the Syrian Electronic Army", while several Twitter feeds run by the Financial Times were also plastered with posts saying: "Syrian Electronic Army Was Here".A spokeswoman for the FT said: "Various FT blogs ...

Indonesia could pip Egypt as top wheat buyer within 5 years GENEVA: Indonesia could overtake Egypt as the world's top wheat importer within five years, an executive at Australia's largest grain co-operative CBH Group said on Friday."Indonesia could overtake Egypt due to its large population, strong GDP growth and changing diets," said Jason Craig, general manager of marketing and trading, speaking on the sidelines of the Grain and Feed Trade Association (Gafta) conference in Geneva.Indonesia, the most populous South-East Asian country, consumes around 19 kg of ...

Bulgarian president convenes parliament to end deadlock SOFIA: Bulgarian President Rosen Plevneliev will convene parliament on May 21, in an attempt to have a government formed quickly and end a political impasse in the European Union's poorest country.Under Bulgarian law, the president must call the assembly within a month of the May 12 election that created a deeply divided parliament. All parties are refusing to work with the largest group - centre-right GERB."The biggest challenge now is to restore the trust of ...

Gilts follow Bunds higher, central banker comments support LONDON: British government bonds rose modestly on Friday on the coat-tails of gains for German debt and after comments by a Bank of England policymaker that hinted at some openness to further stimulus for the British economy.Moyeen Islam, fixed-income strategist at Barclays, said gilts were mostly following other markets as they stabilised after recent falls. Investors were reluctant to make big bets before the new Bank of England governor, Mark Carney, arrives in July."People are ...

Russian economy expands by 1.6pc in Q1 MOSCOW: Russia's economy expanded by 1.6 percent in the first quarter, faster than initially expected, but still at its slowest pace since the final quarter of 2009, preliminary data from the Federal Statistics Service showed on Friday.Earlier, the Economy Ministry had said that gross domestic product growth was at around 1 percent in the first three months of the year.The ministry also revised in April its GDP growth forecast for the year to 2.4 percent ...

EU bonus cap could hit 10 times as many London bankers: PwC LONDON: Tougher European Union curbs on bonuses will snare far more bankers than current pay limits, with banks having little time to prepare for the change, consultancy PwC said on Friday.The European Banking Authority has approved a draft paper to cap the bonus of any bank employee whose total remuneration is more than 500,000 euros, PwC said in a statement.The EU watchdog's board met on Thursday and a spokeswoman declined to comment before the paper ...


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln