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Greece wants full bailout, not bridge loan, ruling party says ATHENS: The parliamentary spokesman for Greece's ruling Syriza party urged it on Wednesday to unite behind a new funding agreement, saying the country wanted a full bailout immediately rather than a bridge loan.Nikos Filis said Greece was seeking a full agreement so that it could receive a first payment of 25 billion euros."We are seeking to have a deal," he said on state television station ERT. "The deal will have tough measures. What is important is that the financing of the Greek economy starts."Filis was speaking amid signs of progress in talks between Greece, the International Monetary Fund and European Union institutions on a new bailout worth up to 86 billion euros ($94.5 billion).A deal must be must be settled by Aug. 20, or a second bridge loan agreed, if Greece is to pay off debt of 3.5 billion euros to the European Central Bank that matures on that day.Both ...

UN airlifts DR Congo refugees out of C. Africa GENEVA: The UN said Monday it had begun repatriating more than 600 people who had fled to the now violence-torn Central African Republic from the Democratic Republic of Congo six years ago.The United Nations' refugee agency said it had airlifted a first group of 39 Congolese refugees from Zemio in southeastern CAR to the remote, eastern DR Congo province of Ango on Monday."Over the next three weeks, UNHCR plans to repatriate a total of 628 ...
Russian airforce helicopter crashes, killing one MOSCOW: A Russian airforce helicopter crashed during an air show on Sunday in front of thousands of spectators, killing one pilot, the latest in a string of military crashes.The Mi-28N attack helicopter was participating in the show as part of a competition organised by the Russian defence ministry, Russian media reported from the event."One pilot has died, the condition of the other is satisfactory," the ministry said in a statement published by Russian news agencies.The ...
Russia MOSCOW: Russian foreign minister Sergei Lavrov will hold a three-way meeting with his U.S. and Saudi counterparts, John Kerry and Adel al-Jubeir, during a working visit to Qatar on Aug. 2 and 3, Russia's foreign ministry said on Saturday.The ministry said Lavrov would also hold meetings with the emir of Qatar, Tamim bin Hamad al-Thani, and foreign minister Khalid al-Attiyah.It said Lavrov was visiting Qatar to discuss peace moves in Syria, Yemen and Libya, international ...
Russia's Putin, Turkey's Erdogan to discuss TurkStream this autumn MOSCOW: Russian President Vladimir Putin will meet Turkish President Tayyip Erdogan this autumn and the two will discuss the TurkStream natural gas pipeline project, Kremlin spokesman Dmitry Peskov told reporters on Friday. Turkey's ambassador to Moscow told RIA news agency separately on Friday that talks on the pipeline that would carry Russian gas to Europe via Turkey were ongoing. That came after Turkish officials told Reuters on Thursday the talks had been suspended after Moscow ...
Ukraine court permits pro-Russia rebels' self-rule KIEV: Ukraine's highest court on Friday allowed parliament to vote on Western-backed constitutional amendments aimed at stemming daily bloodshed by giving pro-Russian insurgents partial autonomy in the separatist east.The idea of granting limited self-rule to rebellious parts of Ukraine's industrial war zone for three years has struck a note of disquiet among many lawmakers and much of the Kiev media.But it was inscribed in a truce deal that Ukrainian President Petro Poroshenko and Russia's Vladimir ...
Cameron promises more security aid for Calais LONDON: British Prime Minister David Cameron promised on Friday to provide more security fencing and sniffer dogs to aid French police in repelling attempts by migrants to board Channel Tunnel trains to Britain.Speaking after an emergency ministerial meeting in London, Cameron also said that defence ministry land would be used to park trucks waiting to cross to the French port of Calais."The situation is not acceptable... We're going to put in more fencing, more resources, ...

 



 
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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