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Egypt's Sisi renews call for Arab force citing 'unprecedented' threats SHARM EL SHEIKH: Egypt's President Abdel Fattah al-Sisi urged Arab leaders at a summit on Saturday to back the creation of a joint military force, saying the region faced "unprecedented" threats."There is an unprecedented threat to Arab identity... a threat that if it spreads will break this (Arab) nation," Sisi told the summit in the Egyptian resort of Sharm el-Sheikh which is expected to approve the proposed joint force.Copyright AFP (Agence France-Presse), 2015 ...

Heavy blasts at arms depot rock Yemen's Aden: witnesses ADEN: A series of heavy explosions at an arms depot rocked Yemen's second city Aden on Saturday, causing casualties, witnesses said.The blasts were heard across the city and plumes of smoke were seen rising from the depot, where looting by residents had broken out a day earlier, an AFP correspondent reported.Copyright AFP (Agence France-Presse), 2015 ...
Qaeda seizes 'majority' of Syria's Idlib BEIRUT: Al-Qaeda's Syria affiliate seized control of most of Idlib on Saturday after government forces pulled back to bases in the heart of the main northwestern city, a monitoring group said. Al-Nusra Front and its allies "control the majority of neighbourhoods in Idlib, apart from government and security buildings," Rami Abdel Rahman, director of the Syrian Observatory for Human Rights, told AFP. Street fighting raged through the night after the rebels entered the government-held enclave ...
Saudi says gradually resumes flights at southern airports ABU DHABI: Saudi Arabia said on Friday it had gradually resumed flights at its southern airports one day after suspending all traffic as it launched air strikes against Houthi fighters in Yemen.International and domestic flights to and from five airports in the south including Jizan and Wadi al-Dawaser had resumed at dawn on Friday, the official Saudi press agency said quoting a statement by the General Authority of Civil Aviation.Saudi had suspended international and domestic ...
2014 'devastating' year for Palestinians: UN report ISLAMABAD: A new UN report has said that 2014 was a "devastating" year for the Palestinians as "continued occupation undermines the ability of Palestinians to live normal lives."The report, entitled Fragmented Lives, said that 1.8 million people in Gaza experienced an escalation in hostilities during the 2014 conflict between Gaza-based Palestinian militants and Israeli forces, resulting in more than 1,500 Palestinian civilian fatalities, including more than 550 children, and leaving some 100,000 residents without a ...
Saudi halts flights at airports near Yemen border RIYADH: Saudi Arabia halted flights at seven airports near the Yemeni border on Thursday, as it launched air strikes against Huthi rebels in its southern neighbour, the civil aviation department said."The General Authority of Civil Aviation of Saudi Arabia announced a temporary suspension of international and domestic flights to and from airports in the south of the kingdom," from dawn on Thursday, the department said in a statement.Copyright AFP (Agence France-Presse), 2015 ...
Jordan confirms joining Saudi-led intervention in Yemen AMMAN: Jordan on Thursday confirmed it is taking part in a Saudi-led coalition to defend Yemen's President Abedrabbo Mansour Hadi against advancing Shiite rebels who are threatening his stronghold in Aden.An official Jordanian source said its participation in the operation, alongside other Arab countries, was aimed at "supporting the legitimacy, stability and security of Yemen".Copyright AFP (Agence France-Presse), 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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln