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France says can't confirm Algerian fighter killed in US strike PARIS: Algerian militant Mokhtar Belmokhtar was very likely killed by a US strike in Libya but his death has not been confirmed, French Defence Minister Jean-Yves Le Drian said on Thursday.Libya has said that Belmokhtar, who masterminded a 2013 attack on Algeria's In Amenas gasfield, was killed in eastern Libya. US defence officials confirmed an air strike on Belmokhtar which they said appeared to have been successful, but they have not confirmed that he was killed.Speaking to BMF radio, Le Drian echoed Washington's assessment of Balmokhtar's fate."There was a raid by the US army, which targeted a place where he was supposed to be, but I can't confirm it at this stage, it's very likely but not certain," he said.Copyright Reuters, 2015 ...

Turkey blocks Syrian refugees seeking to return to Tal Abyad AKGAKALE: Turkey on Thursday closed its border post of Akcakale on the Syrian frontier, preventing Syrian refugees who had fled fighting in the town of Tal Abyad from returning home, an AFP correspondent reported.Turkish security forces said they were not allowing refugees across because Kurdish People's Protection Units (YPG) militia has closed the gate on the other side of the border. But the YPG denied this was the case.The YPG had earlier this week ousted ...
Germany's Schaeuble has little hope of Greece deal Thursday BERLIN: German Finance Minister Wolfgang Schaeuble told lawmakers that he was not hopeful that Greece and its creditors could reach agreement on the release of new bailout funds at a meeting in Brussels on Thursday.Schaeuble told members of the German parliament's finance committee on Wednesday that "no preparations" had been made to reach any decision at a meeting of Eurogroup finance ministers, a lawmaker told journalists, speaking on condition of anonymity.Copyright AFP (Agence France-Presse), 2015 ...
Tsipras draws line in sand on pension cuts ATHENS: Greek Prime Minister Alexis Tsipras warned European creditors Wednesday that their insistence on slashing pensions would scupper all hope for a default-saving agreement, and that they would have to accept the burden of the consequences."This insistence on cutting pensions is incomprehensible ... if Europe insists on this incomprehensible fixation ... it must accept the cost of a development that will benefit no one in Europe," he warned.Copyright AFP (Agence France-Presse), 2015 ...
Russia does not want arms race with US: Putin aide MOSCOW: Russia does not want to enter a costly new arms race with the United States, a top Kremlin aide said Wednesday, after President Vladimir Putin said it was boosting its nuclear arsenal. "Russia is trying to react to possible threats with some sort of means but that's it," Yury Ushakov, Putin's top foreign policy aide, told a briefing."We are against any arms race because it naturally weakens our economic capabilities," Ushakov said."In principle we ...
Putin says Russia to boost nuclear arsenal MOSCOW: President Vladimir Putin said Tuesday that Russia will boost its nuclear arsenal by more than 40 intercontinental missiles this year, in a move slammed as "sabre-rattling" by NATO.The declaration from the Kremlin strongman came as Russia reacted with fury to reports that the US is planning to bulk up its military deployments in eastern Europe, with tensions between Russia and the West at their highest since the end of the Cold War over the ...
Kerry urges Lavrov to respect Ukraine ceasefire WASHINGTON: Secretary of State John Kerry on Monday pressed his Russian counterpart Sergei Lavrov to ensure that Moscow respects the ceasefire in eastern Ukraine, the State Department said.In a telephone call to Lavrov, Kerry "urged Russia to seize the opportunity of upcoming meetings of the Trilateral Contact Group and its Working Groups to accelerate progress on implementing the Minsk agreements," signed in February, said John Kirby, a State Department spokesman.Moscow denies supporting the rebel campaign ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln