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Syria's Assad says army consolidating in most important areas BEIRUT: Syrian President Bashar al-Assad said on Sunday the army had been forced to give up areas in order to hold onto more important ones in its fight with insurgents, and the scale of the war meant the military faced a man power shortage.He also said groups fighting to topple him had received increased backing from their state sponsors in a reference to countries including Turkey and Saudi Arabia."Sometimes, in some circumstances, we are forced to give up areas to move those forces to the areas that we want to hold onto," Assad said in a defiant televised speech in which he said were no compromise solutions in the war."We must define the important regions that the armed forces hold onto so it doesn't allow the collapse of the rest of the areas," Assad said. "The army is capable ... Everything is available, but there is a shortfall in human ...

Syria rebel rocket kills five children BEIRUT: Rebel rocket fire on a government-held area of Syria's second city Aleppo killed five children, four of them brothers, a monitoring group said on Sunday.The Saturday evening rocket struck the Shahba al-Jadida district in the west of the city, where loyalist forces have held out since rebels seized the east in 2012, the Syrian Observatory for Human Rights.Civilian casualties have been high in Aleppo, where both sides are accused of indiscriminate bombing.Copyright AFP (Agence ...
Saudi-led raid kill at least 35 in south Yemen: medics SANAA: At least 35 civilians have been killed and dozens wounded in a Saudi-led coalition air raid in southwestern Yemen, medical sources said Saturday. Women and children were among those killed in the Friday night strike in the town of Mokhba, close to the third city of Taez, the sources said.The raid hit a residential neighbourhood where employees of the town's power station lived, according to residents. They said several houses were destroyed and that ...
US defence chief Carter in Iraq for talks BAGHDAD: US Defence Secretary Ashton Carter arrived in Baghdad on Thursday for talks with top political and military officials on Iraq's war against the Islamic State group.Carter, on his first visit to Iraq since taking the job in February, is expected to meet Prime Minister Haider al-Abadi, as well as tribal leaders from Anbar province, where much of the current fighting is taking place.Copyright AFP (Agence France-Presse), 2015 ...
Former Saudi FM Prince Saud al-Faisal dies RIYADH: Saudi Arabia's Prince Saud al-Faisal, formerly the world's longest-serving foreign minister who oversaw four decades of turbulent diplomacy for the oil-rich kingdom, died on Thursday.A statement from the Royal Court said Prince Saud, who was born in 1940, died in the United States without giving the cause of death.Funeral prayers will be held on Saturday night in the Muslim holy city of Mecca for Prince Saud, who was one of the highest profile members ...
36 rebels killed in south Yemen attacks, air strikes ADEN: Yemeni fighters allied with exiled President Abedrabbo Mansour Hadi killed 15 rebels in a Thursday attack on their checkpoints in the country's southern Abyan province, a military source said.In second city Aden, 17 rebels were killed in air strikes by Saudi-led coalition warplanes, according to pro-Hadi military sources.Fighters belonging to the pro-government Popular Resistance Committees in Abyan's Zinjibar attacked checkpoints of the 15th Infantry Brigade, which has defected and joined Iran-backed Shiite Huthi rebels, ...
Kuwait fiscal reserves hit record $592bn: report KUWAIT CITY: Kuwait's financial reserves defied a slump in oil prices to hit a record 179.2 billion dinars ($592 billion) at the end of the 2014-15 financial year, a report said Thursday.They grew by $53 billion in the year to March 31, Al-Qabas newspaper reported, citing figures released by Finance Minister Anas al-Saleh to a closed session of parliament last week.Kuwait normally does not reveal the size of its assets most of which are invested ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln