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Hollande 'in favour' of Paris bid for 2024 Olympics PARIS: French President Francois Hollande said he was in favour of Paris making a bid for the 2024 summer Olympic Games and the 2025 World expo."I am in favour of the city of Paris, if it decides, to put in a bid for the Olympic Games of 2024 ... For Paris, capital of France, capital of culture, it's very important," said Hollande during a prime-time television interview.Copyright AFP (Agence France-Presse), 2014 ...

German court rejects challenge to air traffic tax KARLSRUHE: Germany's constitutional court has rejected an attempt by the federal state of Rhineland Palatinate to challenge the legality of the country's air traffic tax, which German airlines and airports say is hurting their business.The court said on Wednesday that the tax, which has been in place since 2011 and applies to all passenger flights leaving German airports, is constitutional and does not contravene passengers' or companies' rights.The tax brings the German government around 1 ...
Georgia PM sacks defence minister, prompts political crisis TBILISI: Georgia's pro-Western defence minister Irakli Alasania was sacked on Tuesday and a raft of corruption charges were brought against officials in his ministry, threatening the imminent collapse of the government. The surprise move, announced by Prime Minister Irakli Garibashvili, was seen as an attack on the faction that supported closer ties with the West. "In order to avoid politicisation of the Georgian armed forces and of the Ministry of Defence and in order to ...
Turkish manufacturing expands at fastest rate in 7 months in Oct: PMI ISTANBUL: Turkish manufacturing activity grew at the fastest pace in seven months in October and business conditions improved for the third month in a row, a survey showed on Monday, as domestic demand picks up. The HSBC Turkey purchasing managers' index for manufacturing, which accounts for about a quarter of the country's gross domestic product, rose to 51.5 in October from 50.4 in September. Output and new orders increased faster than in September but new ...
Hunt for Franco's men raises Spanish victims' hopes MADRID: An Argentine judge has reopened old wounds from Spain's Franco dictatorship by ordering some of his ex-ministers to face justice for alleged killings.Groups campaigning for justice for people tortured and killed under Francisco Franco hailed the "historic" move to demand the extradition of 20 Spanish officials including several ex-ministers.They have also welcomed moves to investigate allegations that hundreds of thousands of babies were stolen from left-wing and unmarried mothers under the dictatorship.Buenos Aires Judge ...
Juncker's new EU Commission takes office BRUSSELS: The new European Commission led by EU veteran Jean-Claude Juncker formally took office Saturday, promising to "get down to work" as Europe faces a host of political and economic challenges.The agenda is heavy, with Juncker making it his first task to launch a 300 billion euro ($380 billion) investment plan by Christmas to kickstart a faltering economy plagued by stubborn, near-record unemployment.The Ukraine crisis meanwhile shows no sign of easing, the European Union is ...
At least 17 killed in Turkey bus crash ISTANBUL: At least 17 people were killed and 29 injured Friday when an overloaded bus carrying agricultural workers crashed in the Isparta region of southern Turkey, the Dogan news agency reported.The workers, mostly women, were on their way to pick apples at an orchard in the region when the bus turned over onto its side due to brake failure, it said.The severity of the accident was compounded when the bus carried on moving some 100 ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln