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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 for international passenger traffic in 2014, replacing Heathrow for the first time, as 70.5 million passengers travelled through the airport.In a later emailed statement, Dubai Airports said delays were anticipated and it was working with all airlines to minimise disruption.Four incoming flights to DXB, the emirate's main airport, were diverted to neighbouring airports and two flights had been rerouted to the airport from other unspecified destinations.Meanwhile, eight flights were diverted into DWC, Dubai's second 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 ...
Lausanne deal would pave way for nuclear-armed Iran: Netanyahu JERUSALEM: The deal being hammered out between world powers and Iran on its nuclear programme would "pave the way" to a nuclear-armed Tehran, Israeli Prime Minister Benjamin Netanyahu said Tuesday."The greatest threat to our security and our future was and remains Iran's attempt to be armed with nuclear weapons," he said in a speech to parliament."The agreement being formulated in Lausanne paves the way to that goal," Netanyahu said, referring to talks between Iran and ...
Russia, Iran, Syria share same vision: Assad WASHINGTON: Syrian President Bashar al-Assad says he shares the same goals as Iran and Russia when it comes to the brutal war tearing apart his country.Assad, speaking on PBS television in excerpts of an interview airing on Monday, insisted that close allies Russia and Iran "want to have balance in the world.""It's not only about Syria. I'm (a) small country. It's not about having a huge interest in Syria. They could have it anywhere else," ...
US drone killed two Iranian troops in Iraq: state media TEHRAN: Two Iranian Revolutionary Guardsmen were killed by a US drone in the Iraqi city of Tikrit, Iranian state media said Monday, in a report that was denied by the Pentagon.The official IRNA news agency said the two had been posted to Iraq as advisers in the war against Islamic State (IS) group jihadists and that they died in the drone strike on March 23.Pictures of the two men, named as Ali Yazdani and Hadi ...
UN Secretary General troubled by Iraq abuse claims, refugees BAGHDAD: United Nations Secretary General Ban Ki-moon said on Monday he was concerned about reported abuses by Iraqi pro-government forces and militias in their war against Islamic State.Ban, who read his remarks alongside Iraq's Prime Minister Haidar al-Abadi, called for the different "volunteer armed groups" - a broad term referring to Shia paramilitary factions - to be brought under government control.He also told reporters he worried that neither Baghdad nor the world community was capable ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln