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US, Europe demand Libya ceasefire as embassies attacked TRIPOLI: The United States and European powers pressed Libya's rival factions to set an "unconditional" ceasefire at talks restarting on Monday, as two attacks on foreign embassies were linked to Islamic State militants.A bomb exploded outside the Moroccan embassy in Tripoli, causing no casualties but damaging nearby cars, a security official. Like many others in the Libyan capital, the embassy is currently inactive.Morocco is hosting a UN-backed dialogue between representatives of the two rival governments controlling the country, separate to talks that were to resume Monday in Algeria. The bombing came hours after gunmen opened fire on South Korea's embassy compound from a passing car on Sunday, killing two Libyan guards and wounding a third person. An AFP photographer said a vehicle used by the security guards was riddled with bullet holes, while it appeared that the main embassy building had not been hit.The foreign ministry in Seoul confirmed the ...

Polls open in Sudan presidential, parliamentary elections KHARTOUM: Polls opened on Monday in Sudanese presidential and parliamentary elections that are expected to extend the quarter-century rule of incumbent Omar al-Bashir as the opposition boycotts.Outside a polling station in Khartoum's El-Daim neighbourhood representatives of the candidates had already set up stalls, and inside electoral volunteers waited for the first voters in the three-day elections which have already drawn international criticism. A team of four local observers watched over the ballot boxes, while the ...
Buhari's party wins Lagos vote, shoring up Nigeria rule LAGOS/ONITSHA: The party of Nigeria's president-elect Muhammadu Buhari has retained the Lagos state governorship, the electoral commission said on Sunday, consolidating his administration's power by giving it control of the commercial capital. While voting was extended in several other states due to violence or voting irregularities, the result in Lagos means it will be the first time since the end of military rule in 1999 that the governor of that key state and the president ...
South Africa opposition leader steps down JOHANNESBURG: South Africa's opposition leader Helen Zille announced Sunday she would step down from her position at the party congress next month.Her departure is seen by many as an opportunity for a black leader to take the helm of Democratic Alliance as it continues its crusade to win black support.Zille, a white woman who has been the DA leader since 2007, said her decision not to stand for re-election was in the interests of the ...
Nigeria votes for state governors, local assemblies LAGOS: Nigeria votes in gubernatorial and state assembly polls on Saturday, bringing to an end a remarkable election cycle that saw the first win for an opposition presidential candidate in the country's history.Governorship elections are being held in 29 of Nigeria's 36 states and in local assemblies in all states, with polls due to open at 8:00 am (0700 GMT) for registration and voting getting underway in the afternoon.The ruling Peoples Democratic Party (PDP) is ...
Sudan's Bashir: political survivor wanted for war crimes KHARTOUM: Sudanese President Omar al-Bashir, who is running for reelection on Monday.Vilified by many in the West for hosting al Qaeda in the 1990s and for alleged war crimes in Darfur, he oversaw South Sudan's secession in 2011.The 71-year-old has proved to be a cunning political operator.While indicted twice by the International Criminal Court, he has strengthened his hand at home and abroad.Parliament granted him greater powers last year and recent diplomatic successes have left ...
Mugabe in South Africa for first state visit in 20 years PRETORIA: Zimbabwean President Robert Mugabe visited South Africa on Wednesday in his first state trip to the country since 1994 as he seeks to drum up foreign investment to revive his nation's moribund economy.Mugabe, 91, who was accompanied by his wife Grace, has visited South Africa regularly in the past but his two-day stay will be his first official state visit in 21 years.Zimbabwe's economy has been on a downturn for more than a decade ...


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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