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UK's Prince Charles to meet Sinn Fein's Gerry Adams for first time DUBLIN: Britain's Prince Charles is to meet Gerry Adams in Ireland on Tuesday, the first time the leader of the former political wing of the Irish Republican Army (IRA) has met a senior member of the royal family, his Sinn Fein party said.The meeting is to take place in the west of Ireland city of Galway a day before Charles visits the nearby site where the IRA murdered his uncle Lord Mountbatten in 1979.Charles' mother Queen Elizabeth in 2012 met Martin McGuinness, a former IRA commander and a senior member of Sinn Fein, a meeting seen as a landmark step in reconciliation in Northern Ireland.Copyright Reuters, 2015 ...

Germany's Merkel calls for global emissions trading system BERLIN: German Chancellor Angela Merkel called on Saturday for the European Union's Emissions Trading System (ETS), the bloc's flagship policy to cut greenhouse gas emissions, to become a global system.Thousands of power plants, factories and airlines in Europe have to surrender an allowance for every tonne of heat-trapping gas emitted. However, a surplus of allowances has depressed their price on the ETS and has made it cheaper to burn coal than to switch to greener ...
Russia loses Mexican satellite after rocket failure MOSCOW: Russia's space agency said Saturday that a satellite launch had suffered an "emergency situation", with the carrier rocket apparently suffering a glitch.The space agency, Roscosmos, said in a statement that a Proton-M rocket carrying a Mexican satellite had suffered a problem on launch."An emergency situation took place when the Proton-M rocket launched with a MexSat-1 satellite. The reasons are being identified," Roscosmos space agency said in a statement.A source in the space agency told ...
British government announces 'unusual' extra budget LONDON: Britain's finance minister announced plans for a second 2015 government budget on Saturday to quickly implement his Conservative Party's campaign promises of spending cuts and savings following a surprise election win."On the eighth of July I am going to take the unusual step of having a second budget of the year," Chancellor George Osborne wrote in The Sun newspaper."I don't want to wait to turn the promises we made in the election into a ...
France offers Russia 785mn euros to ditch warship deal: report MOSCOW: France has offered Russia 785 million euros to scrap a contentious contract to supply two warships that was suspended due to the Ukraine crisis, a report said Friday.Russian defence sources told Kommersant newspaper that the documents are now "being studied" by the Russian government, defence ministry and other relevant parties who participated in the 2011 deal.But the daily reported that Moscow was not happy with the offer from the French side, with the defence ...
Ukraine appoints US senator McCain presidential aide KIEV: Ukrainian President Petro Poroshenko has appointed John McCain, a hawkish US senator who has pressed Washington to send lethal weapons to war-torn Ukraine, as his advisor, his administration said.Ukraine's pro-Western authorities are putting together an advisory council to help the ex-Soviet country conduct reforms and build global support for Ukraine.Pending his agreement, McCain, the Republican senator for Arizona, will become a member of the council, along with Carl Bildt, the former prime minister of ...
Erdogan urges Europe to take in more migrants TIRANA: Turkish President Tayyip Erdogan on Wednesday urged Europe to accept more migrants and refugees coming in an unprecedented wave across the Mediterranean, adding that his country has taken in more than two million."Turkey has spent $5.6 billion (4.9 billion euros) on hosting and taking care of more than 1.7 million Syrians and some 300,000 Iraqi nationals accommodated in refugee camps or in different Turkish cities," Erdogan told reporters in the Albanian capital while on ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln