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DR Congo groups seek stronger UN presence ahead of polls KINSHASA: Nearly 180 civil society and rights groups have urged strengthened powers for the UN mission in DR Congo to ensure peaceful elections due in November and help end unrest in the country's volatile east. The appeal by the 179 groups came just ahead of the expiry of the UN mission's mandate at the end of the month, and in the wake of political unrest over fears President Joseph Kabila could seek to stay on beyond the end of his mandate by 2016.The groups said it was vital for the UN mission, known by the French acronym MONUSCO "to have a strong mandate and to ensure that this is respected on the ground."A strengthened MONUSCO presence was vital for legislative and presidential elections due in November. Protests over Kabila's alleged attempt to seek a third term has claimed up to 42 lives this year, according to rights groups.The mission "should ...

Egypt to end on-arrival visas for lone travellers: officials CAIRO: Egypt will stop issuing on-arrival visas to tourists travelling alone, officials said Tuesday, in a move aimed at bolstering border security but prompting fears that tourism revenues could be harmed.Groups travelling with tour operators will be exempted from the measure, which goes into effect on May 15, but others will have to apply at consulates abroad, tourism and foreign ministry officials said.The country is trying to woo back tourists after almost four years of ...
Egypt condemns to death Brotherhood chief, 13 others: state media CAIRO: An Egyptian court on Monday condemned to death Muslim Brotherhood leader Mohamed Badie and 13 other senior members of the banned movement, state media and lawyers said.The 14 members of the Brotherhood, which was declared a "terrorist organisation" in 2013, were found guilty of planning attacks against the state, according to the sources.Copyright AFP (Agence France-Presse), 2015 ...
South African minister killed in car crash JOHANNESBURG: South African cabinet minister Collins Chabane was killed in a car crash on Sunday, President Jacob Zuma said. Chabane was a minister in the President's office and a member of the ruling African National Congress (ANC) National Executive Committee."We are deeply shocked and saddened by this untimely death of an outstanding cadre of our liberation struggle and a competent, accomplished and dependable member of my cabinet," Zuma said in a statement.Chabane, in his capacity ...
Zambia's president recovering after surgery in South Africa LUSAKA: Zambia's new President Edgar Lungu has undergone surgery in a South African hospital to correct a narrowing of the oesophagus which caused him to fall ill a week ago, his spokesman said. Lungu underwent "a medical procedure" on Friday and he was expected to be discharged from the Pretoria hospital later on Saturday, spokesman Amos Chanda said in a statement. "Doctors have said the results of the procedure were good. The president has been ...
Egypt plans to build new capital east of Cairo SHARM EL SHEIKH: Egypt plans to build a new administrative and business capital east of Cairo that will house five million people and feature a theme park "four times bigger than Disneyland", a minister announced at a global investor conference.Housing Minister Mustafa Kamel Madbuli said the new city would relieve pressure on overcrowded Cairo, with its population of 18 million expected to double in coming decades."The idea to build the new city originated from our ...
West Africa to suffer hefty losses due to Ebola outbreak: UN report ISLAMABAD: The region of West Africa would lose at least 3.6 billion US dollars per year on average between 2014 and 2017 as a consequence of ripple effects of Ebola, according to a UN report released.Due to a decrease in trade, closing of borders, flight cancellations as well as reduced foreign direct investment and tourism activity, the region as a whole will witness the loss of GDP and as well a drop of 18 dollars ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln