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'No time limit' as non-stop Iran talks enter third week VIENNA: World powers met again Saturday behind closed doors with no end in sight to a nail-biting deadlock in arduous negotiations striving to curtail Iran's nuclear ambitions in return for sanctions relief.Despite a warning from US Secretary of State John Kerry that he would not sit at the negotiating table forever, an Iranian official told AFP the talks, now entering their third week, could stretch on and on."We have no time limit in order to reach a good deal," the senior Iranian official said, asked whether the negotiations could be formally extended again in a bid to end the deadlock.Iran and the so-called P5+1 group -- Britain, China, France, Germany, Russia and the United States -- are seeking to curtail Tehran's ability to develop nuclear weapons in exchange for relief from painful sanctions.After a very public blame game over the stalemate, Kerry had Friday offered a glimmer of hope that ...

Greece faces Eurozone bailout judgment day BRUSSELS: Eurozone finance ministers on Saturday were set to give their verdict on Greece's last-chance bid for another bailout to keep its economy afloat and prevent its exit from the single European currency.IMF chief Christine Lagarde said she hoped for "a lot of progress" after the Greek parliament backed leftist Prime Minister Alexis Tsipras's new reform plan, aiming at a rescue worth more than 80 billion euros ($89 billion).But austerity-minded Germany holds the keys to ...
EU, IMF tell Eurogroup Greek proposals form basis for bailout talks BRUSSELS: The European Commission, European Central Bank and International Monetary Fund have told euro zone governments that proposals from Greece for a bailout loan are a basis for negotiation, an EU official said on Saturday."The three institutions have made a first joint assessment of the Greek reform proposals submitted Thursday night. Under certain conditions, they jointly see the proposals as a basis for negotiating an ESM programme. This assessment was sent to the Eurogroup president ...
Germany says result of Finance Ministry ' Greece meeting 'completely open' BERLIN: The result of Saturday's meeting of euro zone finance ministers to discuss Athens' latest economic reform proposals is completely open, a German Finance Ministry spokesman said.Spokesman Frank Paul Weber declined to comment on a report in Germany's mass-selling Bild daily that German Finance Minister Wolfgang Schaeuble regarded Athens' proposals as "inadequate" and opposed further talks."The minister will this afternoon discuss with his euro zone colleagues the assessment of the institutions," the Finance Ministry spokesman ...
Serbian PM arrives at Srebrenica for 20th anniversary ceremony SREBRENICA: Serbian Prime Minister Aleksandar Vucic arrived on Saturday to Srebrenica to attend a ceremony marking the 20th anniversary of the massacre committed in the Bosnian town by Bosnian Serb forces.Upon the arrival at a memorial complex, Vucic was briefly booed by a group of participants of the ceremony before he entered a hangar where he was to sign a book of condolences, according to an AFP journalist. He also spoke with female relatives of ...
British PM wants EU employment law exemption: reports LONDON: Prime Minister David Cameron is seeking a British exemption from European Union employment laws as part of his push to gain more autonomy from Brussels, newspapers said Saturday.The Conservative leader wants to restore opt-outs on EU legislation that were given up by Labour prime minister Tony Blair, who led the country from 1997-2007, both The Times and The Daily Telegraph reported, citing unnamed sources.The British newspapers said Cameron wants exemptions from rules on working ...
Greek parliament backs new debt reform plan ATHENS: Greece's parliament on Saturday approved a reform package to save the country from financial collapse, as sources in Brussels said Athens's latest plan could form the basis of a massive new bailout worth 74 billion euros.The package was backed by 251 lawmakers, out of 300 deputies, according to an AFP tally, giving Greek Prime Minister Alexis Tsipras a mandate to continue last-ditch talks with the country's creditors ahead of an European Union summit on ...


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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 $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln