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US insists no anti-militants coordination with Assad WASHINGTON: With momentum building for international military action against extremists in Syria, the United States reiterated Friday it will not coordinate with Bashar al-Assad in the effort."The answer to the security challenges is not the Assad regime," State Department deputy spokeswoman Marie Harf told reporters. "They have created this security vacuum. We are not going to be working with them in this fight," she added. "They have lost legitimacy to lead, period."An Assad advisor, Buthaina Shaaban, was quoted by state news agency SANA earlier Friday saying Damascus must be included as a "key part" of the multinational coalition that US President Barack Obama announced Wednesday in his strategy to defeat militants known as the Islamic State (IS).Harf stressed Washington's firm anti-Assad line. Government forces "continue to kill their own people," she said, referring to the devastating four-year civil war that has left more than 160,000 people dead and sparked a ...

US, France ramp up anti-militants efforts ARBIL: France's president travelled to war-torn Iraq and Washington's top diplomat to neighbouring Turkey Friday, ramping up efforts to address what they now see as the global threat posed by militants.Francois Hollande was the first head of state to visit Iraq since militant-led militants seized large parts of it in June, and he said France is ready to step up its military involvement.Meanwhile, US Secretary of State John Kerry was in neighbouring Turkey, which many ...
Kerry confident of broad anti-IS coalition ANKARA: US Secretary of State John Kerry expressed confidence Friday of building a broad coalition including Arab and European nations against Islamic State militants, on a visit to Turkey which has refused to allow strikes on the extremists from its territory.The top US diplomat also voiced Washington's opposition to Iran joining a conference on the Iraq crisis in Paris on Monday.Kerry held talks in Ankara with Turkish President Recep Tayyip Erdogan as part of a ...
Saudi oil minister plays down drop in oil price KUWAIT CITY: Saudi Oil Minister Ali al-Nuaimi Thursday played down the drop in oil prices saying this is not the first time crude prices slumped."Prices of oil always go up and down so I really don't know why the big fuss about it this time," Nuaimi told reporters ahead of a regular meeting for oil ministers of the energy-rich Gulf Cooperation Council (GCC) states in Kuwait City.The Saudi minister, whose country pumps over 9.5 million ...
Yemen president, rebels reach accord: presidency source SANAA: Yemen reached an agreement with Shia rebels, who have been protesting for weeks in Sanaa, to end the country's latest political impasse, a source close to the presidency said on Thursday."An accord was reached... late on Wednesday" by which "a new prime minister will be named within 48 hours" and fuel prices will be further cut, the source said. In return, the rebels have agreed to "dismantle their protest camps and pull their armed ...
France says will take part in Iraq military air operation, if needed PARIS: France said on Wednesday it would take part in military air action against Islamic State militants in Iraq if necessary, but said that taking any military action against the group in Syria would be done under different "modalities.""In Iraq we will take part in military air action if necessary. The situation in Syria is different" he told students in a speech at the Sciences Po academy in Paris. "Some in the media say France ...
Kerry says Obama speech Wednesday night will lay out battle plan for beating Islamic State BAGHDAD: US Secretary of State John Kerry told reporters in Baghdad that President Barack Obama's speech Wednesday night about his strategy for battling the Islamic State will lay out a clear battle plan."When the world hears from President Obama this evening, he will lay out with great specificity each component of a broad strategy of how to deal with ISIL," Kerry said.Kerry, who is on a Middle East tour to rally countries to an international ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln