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Iranian diplomat kidnapped in Yemen freed TEHRAN: An Iranian diplomat kidnapped in Yemen has been freed and returned to Tehran on Thursday, official media reported.Nour-Ahmad Nikbakht was seized in July 2013 while leaving his home in Sanaa by gunmen suspected of being members of al Qaeda.Copyright AFP (Agence France-Presse), 2015 ...

Lebanese soldier killed in raid on militant hideout BEIRUT: A Lebanese soldier was killed Tuesday in a shootout that erupted during a raid on a militant hideout in northern Lebanon, the army said.The soldier, 32-year-old Mohammad Hussein, was shot dead by a suspected militant during the dawn raid in the town of Bhannine in the northern Akkar region, a military statement said.Soldiers returned fire, killing suspect Abdel Rahman Ahmad Tamer, described as a member of a "terrorist group" that ambushed an army patrol ...
No timeline for Iraqi offensive in Mosul: US WASHINGTON: No timeline should be imposed on Iraqi forces planning an offensive to take back the key city of Mosul as the operation will require elaborate preparations, a senior US envoy said Monday."We've got to be very careful and we need to resist trying to put a timeline on it," said John Allen, the retired US general appointed to coordinate the international coalition against the Islamic State group."We just need to be ready when the ...
New drone strike kills three Qaeda suspects in Yemen ADEN: An overnight drone strike killed three suspected al Qaeda militants in Yemen, a country where the United States is the only power operating the unmanned aircraft, a tribal source said on Monday.The late Sunday strike in the Markha district of the southern province of Shabwa also wounded another three suspected militants, the source told AFP.It was the second drone strike in the province in as many days. On Saturday, a drone strike on a ...
Assad or no Assad, West asks, as IS rises and conflict rages PARIS: Faced with a seemingly unending bloody conflict in Syria and the rise of the Islamic State group, is President Bashar al-Assad the lesser of the country's evils and should the West re-engage with him?While world powers such as the United States, France and Britain refuse to have anything to do with a leader the French prime minister described as a "butcher", the question is increasingly being raised within these countries.Staffan de Mistura, the UN ...
US-led strikes on IS after group seizes 220 Christians BEIRUT: The US-led coalition carried out air strikes Thursday against the Islamic State group in northeastern Syria, where the militants have launched a new offensive and kidnapped 220 Assyrian Christians.The raids struck areas around the town of Tal Tamr in Hasakeh province, the Syrian Observatory for Human Rights said, without giving information on possible casualties.They followed the launch Monday of a new offensive by IS, which kidnapped the Assyrians as it seized territory around Tal ...
Netanyahu speech risks more than Obama's ire WASHINGTON: Israeli Prime Minister Benjamin Netanyahu's speech to the US Congress next week will shatter already poor relations with President Barack Obama and test the resilience of US-Israeli ties.Since Netanyahu and Obama came to power in 2009 they have had a testy relationship, clashing over Israeli settlement building and the moribund Middle East peace process.But on Tuesday, Netanyahu will appear in Obama's backyard, at Republicans' invitation, and ask Congress to oppose a policy the White ...


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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
WeeklyMay 21, 2015
Reserves $17.75 bln