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Yemen rebels quit Aden palace, Qaeda makes gains ADEN: Saudi-led air raids drove back rebels in the last stronghold of Yemen's absent president on Friday, while al Qaeda militants seized a major army base in the southeast.The impoverished Arabian Peninsula state has sunk further into chaos since the coalition spearheaded by Riyadh launched Operation Decisive Storm on March 26 to try to halt the advance by Huthi rebels.The turmoil has raised fears that al Qaeda will expand its foothold in the deeply tribal country, which borders oil-rich Saudi Arabia and lies near key shipping routes.Iran has angrily rejected accusations of arming the rebels, who have allied with military units loyal to former president Ali Abdullah Saleh to seize large parts of Yemen, including the capital Sanaa.After a night of intense coalition bombardment, rebel forces withdrew from President Abedrabbo Mansour Hadi's palace in Aden, a senior official said.They had captured the hilltop complex a day earlier in a symbolic ...

Syria says Iran nuclear deal will ease regional tensions BEIRUT: Syria said on Friday the framework deal Tehran has struck with world powers on its nuclear programme was the result of efforts by Iran to ease geopolitical tensions. "Syria welcomes the statement issued on the discussions," state television quoted a foreign ministry source as saying. Syria "considers that this framework agreement will be followed by positive steps and will be another contribution by Iran to ease tensions in the region and the world." The ...
Iran nuclear deal step in 'very dangerous' direction: Israel JERUSALEM: Israel warned Friday that Iran's framework accord with world powers on its controversial nuclear programme was "very dangerous," accusing Tehran of seeking an atomic weapon."This framework (agreement) is a step in a very, very dangerous direction," government spokesman Mark Regev told journalists, adding that Iran's "single goal" behind the accord was to build a nuclear bomb. "Not only does it leave Iran with an expensive nuclear infrastructure but it fails to shut down even ...
Car bomb kills six in central Baghdad BAGHDAD: A car bomb exploded in a crowded area of Baghdad Thursday and killed six people, one of the worst since a militant cell responsible for a string of such attacks was dismantled.The explosion rocked the Bab al-Mudham area, a busy part of the city, on a street with many shops and lined with minibuses waiting for passengers, police said.At least six civilians were killed and 18 wounded, police said. Medical sources confirmed the toll.Iraq's ...
UAE sandstorm disrupts air traffic in Dubai and Abu Dhabi DUBAI: A major sandstorm across the United Arab Emirates has disrupted air traffic at airports in Dubai on Thursday, according to authorities, while online flight data showed Abu Dhabi was also impacted by the bad weather."Normal operations have been disrupted at Dubai International (DXB) and Al Maktoum International (DWC) due to bad weather across the GCC," Dubai Airports, which operates both airports in the emirate, said on its website.Dubai International was the world's busiest airport ...
Netanyahu, Boehner hail 'strong' US, Israel ties      JERUSALEM: US House Speaker John Boehner and Israeli Prime Minister Benjamin Netanyahu hailed Wednesday the "strong" ties between their nations, amid tensions between Netanyahu and the Obama administration. But ahead of a meeting between in Jerusalem, they both avoided directly addressing negotiations between world powers and Iran over Tehran's contested nuclear programme.Arriving in Jerusalem as head of a delegation of lawmakers visiting US allies in the Middle East, Boehner said that, wherever they have been, ...
Saudi-led coalition pounds rebels in Yemen's Aden ADEN: A Saudi-led coalition bombarded rebel positions early on Wednesday in Yemen's main southern city Aden in a seventh night of raids that also targeted the capital and other areas.In Aden, the strikes were focused on the rebel-held provincial administration complex in Dar Saad in the north of the city, according to a military official.He said there were "many dead and wounded" among the Huthi rebels but was unable to give a precise toll.The coalition ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln