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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 return to their apartments.The fire began at the 50th floor of the 79-floor tower, the Gulf News daily said on its website citing a resident, adding that people were being rescued with smoke inhalation injuries.Amateur footage posted online showed fire sweeping through the upper floors of the tower with debris falling onto the road as strong winds fanned the flames. Dubai, known for its skyline of hugely varied skyscrapers, has seen fires at towers in ...

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 Bayt.com 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 ...
Former PM Hariri visits Lebanon on anniversary of father's death BEIRUT: Former prime minister Saad al-Hariri made a rare visit to Lebanon overnight and will make a speech marking the 10th anniversary of his father's assassination on Saturday, Lebanese media said.He will speak at a ceremony dedicated to his father in central Beirut, state news agency NNA and pro-Hariri newspaper al-Mustaqbal said.His father, Rafik al-Hariri, was killed in a 2005 Beirut waterfront bombing that almost tipped the country into civil war.Copyright Reuters, 2015 ...
UAE evacuates embassy staff from Yemen capital ABU DHABI: The United Arab Emirates has suspended operations at its embassy in Yemen and evacuated staff over security concerns after a Shiite militia seized power, the foreign ministry said Saturday.The move comes a day after Sunni-dominated regional powerhouse Saudi Arabia announced it had also evacuated all its staff from the embassy in Sanaa.The Shiite Huthi militia, accused of receiving backing from Shiite-dominated Iran, dissolved Yemen's government and parliament on February 6 after seizing the ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln