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Kuwait jails opposition leader for insulting ruler KUWAIT CITY: Kuwait's appeals court sentenced prominent opposition leader Mussallam al-Barrak to two years in jail on Sunday on charges of insulting the Gulf state's ruler, his group said.The charges relate to a speech he gave to tens of thousands of demonstrators in October 2012 protesting changes to the electoral law which he said would allow the ruling Al-Sabah family to manipulate the outcome of elections.Barrak was a member of parliament at the time but his nationalist Popular Action Movement boycotted December 2012 and July 2013 polls held under the new electoral law."The appeals court passed a two-year sentence on Barrak," PAM said on its Twitter account.It quoted its leader as vowing that the campaign for reform in the oil-rich emirate would go on."You can jail my body but not my ideas and will," he said.The appeals court tried Barrak after quashing a five-year jail term handed down by a ...

Huge blaze guts 79-floor Dubai skyscraper DUBAI: Hundreds of panicked residents fled one of the tallest towers in Dubai early Saturday as a huge fire engulfed the skyscraper, causing extensive damage to its luxury flats.The inferno gutted the upper part of 79-storey Torch tower, triggering an evacuation of nearby blocks in the Dubai Marina neighbourhood, an AFP correspondent reported.Amateur footage posted online showed fire engulfing the upper floors of the tower -- home to hundreds of expatriates -- with debris falling ...
Fire hits Dubai skyscraper DUBAI: A huge fire engulfed one of the tallest towers of the Gulf emirate of Dubai early Saturday, an AFP correspondent reported.The blaze has gutted the upper part of The Torch residential skyscraper, which stands 336.1-metre (1,105-feet) high, triggering an evacuation of nearby towers in the Dubai Marina neighbourhood, according to the correspondent.No deaths have been reported so far, with the blaze brought under control and hundreds of residents of the nearby towers allowed to ...
UAE voted the most creative country in Mena region ISLAMABAD: UAE was voted as the most creative country in the Middle East and North Africa (Mena) region at 56 percent, in a study on education and innovation.According to `Education and Innovation in the Middle East and North Africa', a study by commissioned by Dubai Knowledge Village; 89 per cent of Mena professionals agree that creative thinking is key to driving social and economic growth in their country, Khaleej Times reported.The poll surveyed 5,891 ...
Qatar recalls ambassador from Egypt over Libya strikes DOHA: Qatar recalled its ambassador to Egypt Thursday "for consultation" following a row at an Arab League meeting over Cairo's air strikes on militant targets in Libya, Qatari state media said.A foreign ministry official said Doha was recalling its envoy over a statement by Egypt's delegate to the Arab League, according to the QNA state news agency. QNA gave no details about the statement but the Doha-based Al-Jazeera news channel said the Egyptians accused Qatar ...
Helicopter crash kills four Saudi soldiers RIYADH: A Saudi military helicopter crashed during a night training exercise in the northeast of the kingdom late on Monday, killing its four-member crew, the defence ministry said.The aircraft came down in a training zone west of the King Khaled military base in Hafr al-Batin, some 100 kilometres (60 miles) south of the Iraqi border, the ministry said in a statement carried by the official SPA news agency.It said an investigation was under way.Copyright AFP ...
Jordan sentences senior Brotherhood leader to 18 months AMMAN: A Jordanian court Sunday sentenced a senior leader of the Muslim Brotherhood to 18 months in prison for criticising a decision by the United Arab Emirates to blacklist his organisation.The state security court in Amman found Zaki Bani Rsheid, deputy head of the Brotherhood in Jordan, guilty of making statements "likely to damage relations between the kingdom and a foreign country".Rsheid, 57, made no comment after the verdict but his lawyer Saleh al-Armuti said ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln