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Iranian FM's visit to Turkey postponed ANKARA: Iranian Foreign Minister Javad Zarif's scheduled visit to Turkey on Tuesday has been postponed, a Turkish foreign ministry official told AFP. "There has been a change in the programme," the official said without giving any reason. Zarif had been due to meet Turkey's leaders in the capital Ankara on Tuesday. Although the Turkish side cited scheduling problems for the postponement, some media outlets claimed the visit was delayed because of an article Zarif penned for Turkish opposition daily Cumhuriyet.In the piece published Tuesday, he criticised US policies in the Middle East. Turkey and the United States are NATO allies that have agreed to cooperate in Syria -- last month Turkey agreed to open up a southern base to US and coalition forces for bombings against Islamic State militants.Copyright AFP (Agence France-Presse), 2015 ...

Greece to cut MP tax breaks, minister salaries: Tsipras ATHENS: Greek Prime Minister Alexis Tsipras on Monday announced plans to slash lawmaker tax breaks and ministerial salaries as his government added the finishing touches to a new EU-IMF bailout marked by fresh cuts."The political system must be responsive to the feelings of society," Tsipras told ministers according to a government note. The premier said a relevant bill would be submitted "to eliminate tax breaks for lawmakers and rationalise the salaries of ministers and the ...
Gunmen fire on US consulate in Istanbul ISTANBUL: Unknown armed individuals on Monday opened fire on the US consulate in Istanbul, television reported, with tensions high in Turkey due to Ankara's bombing campaign against Kurdish rebels.The two assailants, one of whom was a woman, escaped after opening fire and are now being pursued, the CNN-Turk and NTV channels reported. There were no reports of casualties.The attack came after a suspected suicide bomber in a vehicle packed with explosives just after midnight on ...
Former German chancellor Schmidt in hospital 'for dehydration' FRANKFURT: Former German chancellor Helmut Schmidt, 96, is being treated in hospital for dehydration, reports said Saturday.A spokesman for the St Georg clinic in the northern city of Hamburg confirmed that the former Social Democrat chancellor had been admitted on Friday without giving details of his condition.German media including the Bild and Hamburger Abendblatt newspapers said Schmidt was showing symptoms of dehydration, probably after failing to drink enough water during a recent heatwave in Germany."Fortunately, ...
Greek air traffic controller strike disrupts holiday travel ATHENS: Greek air traffic controllers on Wednesday observed a four-hour strike to press demands for a system overhaul, causing 22 flight cancellations and scores of delays at the height of Greece's tourist season.The work stoppage between 1:00 and 5:00 pm (1000 and 1400 GMT) hit airports nationwide, including on the Aegean islands prized by holidaymakers.Six of the cancelled flights were international, a spokeswoman said, adding that 173 flights were delayed, some considerably.The controllers are calling ...
Greek early elections 'likely' in the autumn: government spokeswoman ATHENS: Early elections are "likely" in Greece in the fall, a government spokeswoman said Wednesday as Athens races to hammer out a new bailout deal with its creditors by August 20."Elections are likely in the autumn," spokeswoman Olga Gerovasili told Vima radio, adding: "It mainly depends on how steady this government can be in the coming period."Copyright AFP (Agence France-Presse), 2015 ...
Spain's ruling conservatives extend opinion poll lead MADRID: Spain's ruling Popular Party has extended its lead in voting intentions ahead of a year-end general election, while support for new anti-austerity party Podemos has fallen, a poll showed Wednesday.Prime Minister Mariano Rajoy's conservative Popular Party would win an election with 28.2 percent if the vote were it held today, up from 25.6 percent in April, the survey by the state run CIS research centre showed.The Socialist Party would come in second with 24.9 ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln