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Pirates 'abduct three Nigerians' from oil industry supply boat PARIS: Pirates have kidnapped three Nigerians in an attack on an oil industry supply vessel off Nigeria, the French company operating the boat said.The attack on the crew boat took place on April 8, "off the Nigerian coast", Bourbon said on its website."The 3 crew members of Nigerian nationality have been kidnapped," the company said, adding an emergency unit based in Nigeria was immediately activated.The Gulf of Guinea off west Africa has seen numerous attacks of piracy in recent years, sparking concern it is becoming a new centre of piracy in Africa.Between January and September last year the area recorded 33 incidents of piracy and armed robbery, according to the International Maritime Bureau (IMB).Incidents of piracy off the coast of Somalia, on the other side of the continent have, by contrast, significantly fallen in the past three years.Copyright AFP (Agence France-Presse), 2015 ...

UK's Labour bids to boost economic credibility with manifesto MANCHESTER: Britain's opposition leader Ed Miliband was on Monday launching the election manifesto he hopes will send him into Downing Street next month, focusing on boosting his party's reputation on the economy.Miliband's centre-left Labour party has been at level pegging with Prime Minister David Cameron's Conservatives in opinion polls for months and both parties are desperate to break into a lead as the clock ticks down to May 7.Labour's record on the economy while in ...
Fight racist demons, top EU lawmaker says at Nazi camp ceremony BERLIN: The head of the European Parliament implored citizens to fight the "demons" of racism and anti-Semitism that still haunt Europe in a speech to mark the liberation of Germany's Buchenwald concentration camp 70 years ago. Buchenwald, near the city of Weimar, was the biggest concentration camp on German soil. Set up by Hitler's SS in 1937, it held more than 250,000 Jews, Roma, homosexuals and other people not tolerated by the Nazis. More than ...
German army to recommission 100 tanks FRANKFURT: The German army is to bring back into service around 100 tanks sold to industry, the ministry of defence said on Saturday.The move will bring to 328 the number of "Leopard 2" tanks the German army has at its disposal, up from 225 at present, a ministry spokesman told AFP, confirming a report in the weekly magazine Der Spiegel.The tanks will have to be updated to integrate the latest technology, with the modernisation process ...
Bulgaria shuts nuclear reactor for annual maintenance SOFIA: Bulgaria's only nuclear plant, Kozloduy, has shut one of its two 1,000-megawatt reactors for planned annual maintenance, managers said on Saturday.The reactor, Unit 5, will be connected back to the national electricity grid at the end of May after it is refuelled and other equipment repaired, its state-run operator added.The other Soviet-made 1,000-megawatt unit on the plant on the Danube was working at full capacity, the operator added.Copyright Reuters, 2015 ...
France must not 'fall into the hands of the National Front': PM LISBON: French Prime Minister Manuel Valls said that nuclear-armed France must not fall into the hands of the National Front, during an interview on Portuguese TV."France has nuclear weapons, it is out of the question that this country falls into the hands of the National Front," said the prime minister, who is on an official visit to Lisbon, in response to a question about the rise of the far right party.Valls accused the party's candidates ...
Hollande to step back in time at giant cave replica VALLON-PONT-D'ARC: French President Francois Hollande will step back 36,000 years in time Friday into a darkened, cool cave to admire the earliest known figurative paintings of hands, bears, rhinos and panthers.But he will actually be above ground, inaugurating a giant, millimetre-by-millimetre exact replica of the closely-guarded Grotte Chauvet in southern France, unearthed by chance in 1994 by a group of speleologists who discovered hundreds of paintings by the our prehistoric ancestors.Nestled deep in a limestone ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln