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Saudi king sacks senior aide for photographer 'slap' RIYADH: Saudi Arabia's King Salman sacked a senior aide on Tuesday, shortly after a video posted online appeared to show the official slapping a photojournalist, state media said. Salman replaced the head of royal protocol Mohammed al-Tobayshi with Khalid al-Abbad, according to a decree published by the SPA official news agency.In a video circulated on social media, Tobayshi appeared to slap one of the photographers covering the Saudi monarch's reception of Morocco's King Mohammed VI. The swift decision was welcomed by Saudis on social networks. "This is decisive Salman," wrote journalist Saud al-Murshid on his Twitter account, alluding to the Saudi-led military operation against Shiite rebels in Yemen, dubbed Operation Decisive Storm.Copyright AFP (Agence France-Presse), 2015 ...

US, allies conduct 22 air strikes in Iraq against Islamic State: coalition WASHINGTON: The United States and its allies staged 22 strikes on Islamic State targets in Iraq in a 24-hour period ending on Monday morning, the Combined Joint Task Force said in a statement.The air strikes hit near Bayji, Sinjar, Fallujah and other cities and struck tactical units, caches and buildings, the statement said.There were no air strikes in Syria during that period, the military said.Copyright Reuters, 2015 ...
Saudi-led troops in 'limited' first Yemen deployment ADEN: The Saudi-led coalition battling rebels in Yemen sent a "limited" force to the city of Aden on Sunday, Yemeni sources said, in what would be its first ground deployment inside the country.A spokesman for the coalition denied that a major ground force has landed, refusing to comment on "ongoing operations".But Yemeni government and militia forces said several dozen troops had landed in the main southern city, with some sources saying they were to assist ...
Ethiopian Israelis clash with police as anti-racism protests continue TEL AVIV: Israeli mounted police charged hundreds of ethnic Ethiopian citizens and fired stun grenades on Saturday to try to clear one of the most violent protests in memory in the heart of Tel Aviv.The protesters, Israeli Jews of Ethiopian origin, were demonstrating against what they say is police racism and brutality after the emergence last week of a video clip that showed policemen shoving and punching a black soldier.Demonstrators overturned a police car and ...
Kerry hopeful of UN solution to Yemen crisis COLOMBO: US Secretary of State John Kerry said Saturday the United States was working "very hard" to help negotiate a solution to the crisis in war-torn Yemen through the United Nations.Speaking to reporters in Sri Lanka, Kerry said it was not inevitable that Yemen, the scene of Saudi-led air strikes on Huthi rebels, would become a failed state. "I will not say yet that the verdict is in on what Yemen is going to be ...
Ex-Yemen leader urges rebel allies to heed UN, pull back SANAA: Yemen's influential former president urged his rebel allies Friday to heed UN demands to withdraw from territory seized in months of fighting so Saudi-led air strikes can end and reconciliation begin.Ali Abdullah Saleh, who still holds sway over army units allied with Huthi rebels who now control large swathes of the country, had welcomed this month's Security Council resolution as a way to "stop bloodshed" in Yemen.More than 1,000 people have been killed in ...
Saudi Arabia on alert over possible oil or mall attack RIYADH: Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, the Interior Ministry spokesman Mansour Turki said on Monday."There was information about a possible act targeting a mall or Aramco installations. We passed this information to the security forces to be on alert," he told Reuters.Copyright Reuters, 2015 ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln