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Kerry confident of broad anti-IS coalition ANKARA: US Secretary of State John Kerry expressed confidence Friday of building a broad coalition including Arab and European nations against Islamic State militants, on a visit to Turkey which has refused to allow strikes on the extremists from its territory.The top US diplomat also voiced Washington's opposition to Iran joining a conference on the Iraq crisis in Paris on Monday.Kerry held talks in Ankara with Turkish President Recep Tayyip Erdogan as part of a push to establish a coalition of more than 40 countries to defeat the IS militants in Iraq and Syria. "I am comfortable that it would be a broad-based coalition with Arab nations, European nations, the United States and others, contributing to every single different facet of what (President Barack) Obama laid out as a strategy to degrade and destroy" the IS militants, Kerry told journalists. "We will lay out what country is doing what, who ...

Saudi oil minister plays down drop in oil price KUWAIT CITY: Saudi Oil Minister Ali al-Nuaimi Thursday played down the drop in oil prices saying this is not the first time crude prices slumped."Prices of oil always go up and down so I really don't know why the big fuss about it this time," Nuaimi told reporters ahead of a regular meeting for oil ministers of the energy-rich Gulf Cooperation Council (GCC) states in Kuwait City.The Saudi minister, whose country pumps over 9.5 million ...
Yemen president, rebels reach accord: presidency source SANAA: Yemen reached an agreement with Shia rebels, who have been protesting for weeks in Sanaa, to end the country's latest political impasse, a source close to the presidency said on Thursday."An accord was reached... late on Wednesday" by which "a new prime minister will be named within 48 hours" and fuel prices will be further cut, the source said. In return, the rebels have agreed to "dismantle their protest camps and pull their armed ...
France says will take part in Iraq military air operation, if needed PARIS: France said on Wednesday it would take part in military air action against Islamic State militants in Iraq if necessary, but said that taking any military action against the group in Syria would be done under different "modalities.""In Iraq we will take part in military air action if necessary. The situation in Syria is different" he told students in a speech at the Sciences Po academy in Paris. "Some in the media say France ...
Kerry says Obama speech Wednesday night will lay out battle plan for beating Islamic State BAGHDAD: US Secretary of State John Kerry told reporters in Baghdad that President Barack Obama's speech Wednesday night about his strategy for battling the Islamic State will lay out a clear battle plan."When the world hears from President Obama this evening, he will lay out with great specificity each component of a broad strategy of how to deal with ISIL," Kerry said.Kerry, who is on a Middle East tour to rally countries to an international ...
King hosts 1,400 pilgrims from 70 countries ISLAMABAD: A total of 1,400 Muslim leaders from more than 70 countries will perform Haj this year as guests of Custodian of the Two Holy Mosques King Abdullah, said Islamic Affairs Minister Saleh Al-Asheikh on Tuesday."King Abdullah has instructed us to make arrangements for hosting 1,400 pilgrims from different countries around the world to perform Haj this year as his guests," said Al-Asheikh, Arab News reported.He said the king's gesture reflects his care and support ...
Gun battle in Yemeni capital SANAA: Yemeni soldiers traded gunfire with rebels near a military base at the southern entrance to the capital Sanaa on Tuesday, residents said, hours after soldiers killed at least four Shi'ite protesters outside the cabinet building.A civilian was killed in the gun battle and both soldiers and rebels suffered several injuries, government sources said. The fighting now threatens to bring into the capital a rebellion by Houthi tribespeople that until now been confined to the ...


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Banking Review 2013

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln