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British police charge four with terror offences  LONDON: Four young men from Britain's second city Birmingham were charged Friday with terrorism offences as part of a major counter-terror operation, police said. Khobaib Hussain, Ishaaq Hussain and Shahid Kasam Khan, all 19, and Naweed Mahmood, 24, were charged with engaging in conduct in preparation of terrorist acts. The four had been arrested on Tuesday. West Midlands Police said they had been charged in connection with Operation Pitsford, a major counter-terror probe that has already seen eight people charged and appear in court. Copyright AFP (Agence France-Presse), 2011 ...

EU BRUSSELS: EU Foreign Policy Chief Catherine Ashton urged Iran Friday to accept an offer of talks on its nuclear programme, after the UN's atomic watchdog adopted a resolution speaking of its "deep concern". "I urge Iran once again to respond positively to the offers and proposals made by myself, together with the E3+3," she said in a statement. Ashton is also the negotiator for the group of six, comprising EU powers Britain, France, Germany and China, Russia ...
Time has come to increase sanctions against Syria: France     ANKARA: French Foreign Minister Alain Juppe said on Friday that the "time has come to increase sanctions" against the Syrian regime. "The situation is no longer sustainable," and "the ongoing repression is unacceptable," Juppe told reporters during a visit to Ankara. "It is not normal that the (UN) Security Council has not made any decision so far," said Juppe. "I hope those blocking any resolution will be aware of the reality of the situation," referring to China ...
Hungary sees new IMF-EU deal in early 2012 BUDAPEST: Hungary's government expects to sign a new agreement with the International Monetary Fund and the European Union early next year, the Economy Ministry said in a statement on Friday. "The Hungarian economy is financed from the market, we do not depend on anybody's good will," the ministry said, adding that it wanted to use all available tools to rekindle economic growth. "Therefore, the government has started talks with the IMF and the EU about a new ...
Greece unveils hopeful budget ahead of debt talks     ATHENS: Greece revealed progress on its budget deficit on Friday but increased expected recession next year in a budget of austerity mixed with optimism, and hanging on a debt deal with banks. The blueprint was published as auditors from the European Union, the European Central Bank and the International Monetary Fund headed to Athens for negotiations on a debt rescue deal brokered by the eurozone last month. The figures forecast that Greece's budget deficit will drop to ...
Merkel, Cameron to meet as tension over Europe crackles           BERLIN: German Chancellor Angela Merkel will host British Prime Minister David Cameron for talks Friday amid growing friction over how to restore stability in the face of Europe's debilitating debt crisis. Merkel and Cameron, who will arrive after talks with EU leaders in Brussels, have clashed recently on the way forward for Europe as it suffers what she has called perhaps its most difficult hour since World War II. While Merkel sees "more Europe" as the solution, ...
Monti to quickly implement reforms: Merkel BERLIN: German Chancellor Angela Merkel urged Italy's new Prime Minister Mario Monti on Thursday to move fast to implement "crucial" reforms, as he was set to unveil an economic crisis plan. "You and your government are called upon to quickly decide and implement crucial and necessary reform measures," Merkel wrote to Monti in a letter congratulating him on his appointment. Copyright AFP (Agence France-Presse), 2011 ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyFBS July-June
Trade Balance $-21.271 bln
Exports $23.641 bln
Imports $44.912 bln
WeeklyMay 13, 2013
Reserves $11.863 bln