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Putin letter to Arab summit triggers strong Saudi attack SHARM EL-SHEIKH: Saudi Arabia accused Russian President Vladimir Putin of hypocrisy on Sunday, telling an Arab summit that he should not express support for the Middle East while fuelling instability by supporting Syrian leader Bashar al-Assad.In a rare move, Egyptian President Abdel Fattah al-Sisi announced that a letter from Putin would be read out to the gathering in Egypt, where Arab leaders discussed an array of regional crises, including conflicts in Syria, Yemen and Libya."We support the Arabs' aspirations for a prosperous future and for the resolution of all the problems the Arab world faces through peaceful means, without any external interference," Putin said in the letter.His comments triggered a sharp attack from Saudi Foreign Minister Prince Saud al-Faisal."He speaks about the problems in the Middle East as though Russia is not influencing these problems," he told the summit right after the letter was read out.Relations between Saudi Arabia and ...

Yemen FM rules out Huthi talks until surrender CAIRO: Yemen's foreign minister on Sunday ruled out any dialogue with Huthi rebels until President Abedrabbo Mansour Hadi's government retakes full control of the country.Foreign Minister Riyadh Yassin said there could be "no negotiations and dialogue until the legitimate government has control over all Yemeni lands"."Any party that wants to talk about dialogue has to first give up weapons seized from bases and return them to the state," he told Egyptian state television in an ...
Yemen's Hadi will not return to Aden 'for now': FM SHARM EL SHEIKH: Yemeni President Abedrabbo Mansour Hadi left an Arab summit in Egypt for Saudi Arabia on Saturday, but will not return to his country "for now," his foreign minister told AFP.Foreign Minister Riyadh Yassin said Hadi had flown back to Riyadh with Saudi King Salman."Not for now, when the situation settles first," he said when asked if Hadi would return to the battle-torn southern city of Aden, which had been his base until ...
At least 9 killed in Aden arms depot blast: health official ADEN: At least nine people were killed in explosions at an arms depot in Yemen's southern port of Aden Saturday after numerous people rushed in to loot the facility, a senior health official said."We have so far retrieved 9 charred bodies," said health department director Al-Kheder Lassouar."We have information that there are more bodies inside that we were not able to reach" as explosions continued after people went inside to loot, he added.Copyright AFP (Agence ...
UN evacuating staff from Yemeni capital Sanaa: UN source ADEN: The United Nations began evacuating international staff from Sanaa on Saturday due to the security situation in the Yemeni capital, where a Saudi-led air campaign has been targeting Shi'ite Muslim Houthi forces, a U.N. source said.The source said the staff, numbering more than 100, were heading to the airport and were expected to relocate to several countries including Jordan.United Nations Special envoy to Yemen Jamal Benomar was due to join U.N. Secretary-General Ban Ki-moon ...
President urges Yemeni army to obey legitimate leadership SHARM EL SHEIKH: Yemeni President Abd-Rabbu Mansour Hadi called on the army on Saturday to protect state institutions and carry out the orders of the "legitimate leadership" as a Arab military campaign against his Houthi militia enemies continued."Your responsibility today is preserving security and stability, protecting state institutions ... and carrying out the orders of your legitimate leadership," Hadi told a meeting of Arab heads of state at an Arab League summit in Sharm el-Sheikh, ...
Four Iraqi soldiers killed fighting with Islamic State in Tikrit BAGHDAD: Four Iraqi soldiers were killed in street fighting with Islamic State militants in Tikrit overnight as they advanced slowly into the city, a Sunni jihadist bastion, in the wake of coalition air strikes, a security official said.The troops entered Tikrit's southern Shishin and northern al-Qadisiya neighbourhoods on Friday, after the U.S.-led international alliance carried out air strikes against Islamic State, the officer from the Salahuddin province operation command told Reuters on Saturday.The campaign was ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln