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Hollande 'to give France's highest award to train heroes on Monday' PARIS: French President Francois Hollande will present three Americans and a Briton with the country's top Legion d'Honneur medal on Monday in recognition of their bravery in stopping a gunman on a packed train, an Elysee source said.A French citizen who also tackled the suspected jihadist, but wishes to remain anonymous, is to receive the honour at a later date, as will a Franco-American passenger recovering from being shot during the attack, the source told AFP.The Legion d'Honneur, France's highest accolade, was created by Napoleon Bonaparte in 1802 and is awarded in recognition of both civil and military achievements.The train passengers are to be awarded the Chevalier de l'ordre national de la Legion d'Honneur, or Knight of the national Order of the Legion of Honour.Belgian Prime Minister Charles Michel, US Ambassador to France Jane Hartley and members of France's government including Prime Minister Manuel Valls are all expected to attend ...

Spain says political opening in Cuba is 'inevitable' MADRID: Political opening in Cuba is "inevitable" although the pace of reform in the Communist island nation is uncertain, Spain's foreign minister said in an interview published Sunday."That the economic opening will translate into a political opening is inevitable," Foreign Minister Jose Manuel Garcia-Margallo told the conservative daily newspaper ABC."Another thing is the speed at which this will take place, and this is something that depends fundamentally on the regime," he added.Cuba approved a foreign ...
Germany's only deep water port ready for giant container ships WILHELMSHAVEN: The first years proved a difficult start for Germany's only deep water port, Wilhelmshaven's Jade-Weser-Port container hub, inaugurated in 2012, but its operators are now seeking to make it a top terminal for supersize ships.The head of the Eurogate container terminal on Germany's North Sea coast, Mikkel Andersen, smiles as he watches the busy comings and goings down on the quay from up high in his office. Among the vessels docked below is a ...
Hollande offers 'heartfelt thanks' to Obama over US train heroes PARIS: French President Francois Hollande on Saturday offered his "heartfelt thanks" to his US counterpart Barack Obama for the "exemplary conduct" shown by three US citizens who overpowered a suspected jihadist gunman on a packed Amsterdam-Paris train, the Elysee said.Their actions helped prevent "an extremely serious" incident, Hollande's office said in a statement.The two presidents, speaking by phone late Saturday afternoon, "renewed their determination to work together to fight against violence and terrorism on all ...
Greek opposition leaders weigh coalition despite crises, poll pressure ATHENS: Greek opposition politicians embarked on Saturday on the laborious and apparently futile exercise of trying to form a new government, oblivious to pressure for rapid elections so the nation can start tackling an array of crises.The two biggest opposition parties, one of the centre-right and the other of the far left, queued up to exercise their constitutional right to spend three days negotiating a new coalition, even though their efforts are almost certain to ...
Belgian prosecutors open anti-terror probe after train attack BRUSSELS: Belgian prosecutors said on Saturday they had formally opened an anti-terrorism probe after a gunman opened fire on high-speed train travelling from Amsterdam to Paris."We have opened an inquiry under the anti-terrorism law... as the suspect boarded the train in Brussels," said Eric Van der Sypt, spokesman for the prosecutor's office.Copyright AFP (Agence France-Presse), 2015 ...
Greece rebels announce new party ahead of snap polls ATHENS: At least 25 rebels from Greece's hard-left Syriza party said Thursday they would form a new parliamentary group a day after Prime Minister Alexis Tsipras resigned and triggered snap elections. The party, which rode to power in January by vowing to end austerity measures, was deeply divided over Greece's acceptance of a third international bailout package. The revolt within his own party prompted Tsipras to announce his resignation late on Thursday, unleashing early elections ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln