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Russia says claims its jets hit Syria's Palmyra 'absolute lie' MOSCOW: The Russian defence ministry on Tuesday angrily dismissed reports that its planes had launched air strikes against the Syrian city of Palmyra as false, the TASS news agency reported. "All reports by foreign media that Russian planes allegedly struck the city of Palmyra are an absolute lie," Major-General Igor Konashenkov, a spokesman for the ministry, was quoted as saying. "Our planes in Syria do not strike populated areas and especially ones with architectural monuments." Syrian state television and a monitoring group said earlier on Tuesday that Russian jets had hit Islamic State targets in Palmyra. Copyright Reuters, 2015 ...

Erdogan warns Russia not to destroy friendship with Turkey after incursions BRUSSELS: Turkish President Tayyip Erdogan warned Russia on Tuesday that it would lose a lot if it destroyed its friendship with Ankara and said Turkey would not remain patient in the face of violations of its air space by Russian warplanes. "An attack on Turkey means an attack on NATO," Erdogan told a joint news conference in Brussels with the Belgian prime minister. "Our positive relationship with Russia is known. But if Russia loses a ...
Turkey says Russian envoy summoned over new air space violation ANKARA: Turkey summoned the Russian ambassador to Ankara for a second time after a new violation of its air space by a Russian warplane close to the Syrian border, a Turkish foreign ministry official said on Tuesday."The Russian envoy was summoned for a second time yesterday (Monday) afternoon to strongly protest another violation of Turkish air space on Sunday," the official told AFP on condition of anonymity.Turkey warned the Russian envoy that similar incidents should ...
Turkey urges EU action on Syria to end migrant crisis BRUSSELS: Turkish President Recep Tayyip Erdogan on Monday urged the EU consider a no-fly zone and safe haven area in Syria during talks to address Europe's spiralling migrant crisis.Speaking after the discussions in Brussels, Erdogan said Turkey was bearing the brunt of the crisis and pressed the bloc to act against "state-sponsored terrorism" in its war-torn neighbour.The European Union, meanwhile, said Turkey must do more to stop the flow of hundreds of thousands of refugees ...
Greek lawmakers elect new speaker ahead of key debate ATHENS: Greece's former interior minister Nikos Voutsis was elected parliament speaker on Sunday as lawmakers geared up for a crucial debate on the Syriza government's reform programme.Prime Minister Alexis Tsipras, fresh from his election win last month, said on Saturday he wants to move fast with the country's massive new bailout deal but warned that difficult decisions lay ahead.A three-day parliamentary debate on the government's new economic policies will begin Monday, culminating on Wednesday with ...
Portugal voters head to polls seeming resigned to austerity LISBON: Portugal goes to the polls Sunday with voters set to give their verdict on four years of austerity by either re-electing the centre-right coalition that steered the country through a punishing bailout or turning to the Socialists who promise to ease painful reforms.Prime Minister Pedro Passos Coelho's "Portugal Ahead" coalition -- linking his centre-right Social Democratic Party with the conservative Popular Party -- has made a surprising comeback in opinion polls, with most putting ...
Erdogan faces tough EU talks on refugees, Syria BRUSSELS: Turkish President Recep Tayyip Erdogan meets EU leaders Monday but they will find it hard to bridge gaps on the migrant crisis and the Syrian war that has produced so many of the refugees they must both deal with, analysts say.Russian air strikes in Syria have upped the ante in a conflict which has destabilised a region in which Ankara plays a pivotal role, with Turkey taking around two million refugees from Syria.Erdogan faces ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln