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Queen leads 800th Magna Carta anniversary celebrations LONDON: Britain's Queen Elizabeth II and Prime Minister David Cameron will attend a ceremony Monday to mark the 800th anniversary of Magna Carta, the document that laid the foundation for parliamentary democracy in the West.The queen will lead commemorations on the meadow in Runnymede, south England, where her distant predecessor King John sealed the document on June 15, 1215.Spectators gathered for the celebrations, which included musical and spoken word performances ahead of a formal ceremony.A replica of the document made its way down the River Thames on board the Royal Barge Gloriana on Saturday, leading a flotilla of 200 boats.The 3,500 word Magna Carta, Latin for "Great Charter", made the monarch subservient to the law and is widely recognised as the first charter protecting human rights and freedoms.It was first drafted by the archbishop of Canterbury, and approved by King John in an attempt to subdue rebellious barons angry at ...

Without IMF, German parliament won't back any Greece deal: Kauder BERLIN: The German parliament will not back any agreement to rescue Greece if the International Monetary Fund (IMF) is not taking part, the parliamentary leader of Chancellor Angela Merkel's conservative Christian Democrats (CDU) said on Monday.Volker Kauder, a close Merkel ally, also said that Merkel clearly wants Greece to remain in the euro zone. He said that Greece leaving the euro zone would definitely not be a cheaper alternative to its staying in the currency ...
Erdogan will ask AKP to form Turkey coalition   ISTANBUL: President Recep Tayyip Erdogan on Sunday said he would ask Turkey's ruling Justice and Development Party (AKP) to form a coalition government, after it lost its overall majority in legislative elections.Should the AKP fail in the talks, Erdogan said he would then ask the second-placed opposition Republican People's Party (CHP) to form the government.And only if those talks failed, Erdogan said, would he use his right within the constitution to call early elections."It is ...
Italy's Renzi warns EU on refugees as neighbours block border crossings ROME: Italian Prime Minister Matteo Renzi called for a change to European asylum rules on Sunday as neighbouring states tightened border controls, turning back African migrants and leaving hundreds stranded at the frontier in northern Italy.In an interview with Milan's Corriere della Sera daily, Renzi said that after toppling Libyan leader Muammar Gaddafi in 2011, the international community bore responsibility for the chaos in Libya that has opened the way for hundreds of thousands of ...
Athens ready for 'difficult compromise' with creditors: Tsipras ATHENS: Greek Prime Minister Alexis Tsipras said Athens was ready for a "difficult compromise" which may eventually involve new concessions, a government source said Saturday."If we arrive at a viable accord, even if it is a difficult compromise, we will take up the challenge because our only criteria is to get out of the crisis," Tsipras was quoted as telling Greek officials Friday in a government statement.Athens dispatched a team of his top advisers to ...
Greek counter-proposals to focus on budget issues: govt official ATHENS: Greek counter-proposals to the country's international creditors on a cash-for-reforms deal will focus on budget issues and Athens hopes an agreement can be sealed by June 18, a government official said on Friday.Requesting anonymity, the official said the government refused to raise the value-added tax rate for electricity as demanded by the European Union and IMF lenders.Earlier, another official said Athens was ready to submit the counter-proposals and would restart negotiations in Brussels on ...
Russia says 'very worrying' slowdown in Iran nuclear talks VIENNA: Russia's negotiator has described a "very worrying" slowdown in progress in nuclear talks between Iran and six major powers ahead of a June 30 deadline to finalise a historic accord.Sergei Ryabkov's remarks on Friday came as US Secretary of State John Kerry said upon his release from hospital after breaking his leg that he would soon head to Vienna in a bid to seal the deal after the outlines of an agreement were reached ...


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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