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US congratulates Iraq on electing new president WASHINGTON: The United States on Thursday threw its weight behind the newly elected president of Iraq, Fuad Masum, and urged him to form a "cohesive government" to help fight militants."By taking this crucial step, the Council of Representatives has demonstrated its commitment to uniting the country according to the constitution," deputy State Department spokeswoman Marie Harf said, offering Washington's congratulations on Masum's election."Iraq's leaders now must take the next step in their democratic process by choosing a prime minister and forming a government," she said in a statement as Iraq seeks to quell an offensive by militants who have seized a swathe of territory in the north of the country."Only with an inclusive, cohesive government that represents all Iraqis can Iraq most effectively and successfully confront the urgent security and humanitarian challenges it faces in the fight against" the Islamic State (IS), Harf added.Later Thursday, US Vice President Joe Biden ...


Air Algerie plane wreck found in Mali's Gossi region: Paris PARIS: The wreckage of an Air Algerie plane missing with at least 116 people on board has been found in Mali's Gossi region, not far from the Burkina Faso border, the French president's office said Friday.The jet was clearly identified even though it had "disintegrated".A statement issued by the presidency confirmed earlier reports from Burkina Faso.A "French military unit has been sent to (the area) to secure the site and gather evidence".President Francois Hollande expressed ...

Japan consumer inflation eases in June TOKYO: Japanese inflation eased in June due to the slowing impact on prices from a sales tax hike and surging imports, official data showed Friday, figures that are likely to stoke renewed questions about Tokyo's war on deflation.The Bank of Japan (BoJ) has set an ambitious 2.0 percent inflation target for next year as part of a wider government push to conquer years of debilitating deflation. The plan has shown signs of working as the ...

Putin igniting dangerous nationalist fervor: US general WASHINGTON: Russian President Vladimir Putin's military intervention in Ukraine is fanning nationalist sentiments that could spread across the region with dangerous, unpredictable consequences, the US military's top officer said Thursday.General Martin Dempsey, the chairman of the US Joint Chiefs of Staff, said Putin was pursuing an "aggressive" agenda that flouts sovereignty and seeks to address alleged grievances harbored by Moscow since the demise of the Soviet Union."If I have a fear about this, it's that ...

Japan PM leaves for Latin America, Caribbean TOKYO: Japan's Prime Minister Shinzo Abe on Friday left on a five-nation tour of Latin America and the Caribbean that will reportedly see a major Japanese bank extend a $500 million oil exploration loan to Brazil.The visit comes as Chinese President Xi Jinping wrapped up a nine-day Latin American tour, as the Asian powers eye the region's fast-growing economies and vast natural resources.On Friday morning, Abe left Tokyo on his way to Mexico, Trinidad and ...

Chinese firm files Transformers lawsuit BEIJING: The owners of a Chinese nature park have filed a lawsuit against the makers of the latest Transformers film because it failed to include the park's logo, a court said on Friday.The Transformers films are wildly popular in China, and Chinese companies from milk producers to banks have flocked to have their products endorsed in the latest instalment.The Chongqing Wulong Karst Tourism Group, which runs an area of gorges and caves in southwest China ...

Eurozone economy rebounds, but France lags: survey BRUSSELS: The eurozone economy showed signs of a rebound in July after several months of sluggish activity, but France stood out as a laggard, a closely watched survey showed on Thursday."Eurozone growth rebounded in July," the private Markit research group, which published the data, said while warning that the crisis in Ukraine is clouding the outlook.Its set of leading indicators - the purchasing managers' index (PMI) - turned in a figure of 54, above the ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
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Imports $3.675 bln
WeeklyJuly 10, 2014
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