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Islamic State must be confronted: Arabi CAIRO: Arab League chief Nabil al-Arabi on Sunday called for a military and political confrontation with Islamic State militants and other militants he said threatened the existence of Arab states.Arabi's remarks, at a meeting of Arab foreign ministers, came as the United States expanded air strikes against the militants in Iraq and sought wider regional backing for its campaign."What is needed is a clear decision for a comprehensive confrontation, militarily and politically," Arabi said a day after he and US Secretary of State John Kerry discussed taking action against the militants group that controls parts of Syria and Iraq.An Arab League diplomat told reporters that the ministers were considering adopting a resolution on combating IS and "coordinating with the United States to confront this radical organisation".Arabi criticised infighting between Arab states which he said had led to inaction by the 22-member bloc."While some (Arab) states object to allowing the Arab ...

Abbas may end unity with Hamas over Gaza governance RAMALLAH: Palestinian president Mahmud Abbas has threatened to break off a unity agreement with Hamas if the Islamist movement does not allow the government to operate properly in the Gaza Strip.And prime minister Rami Hamdallah told AFP a dispute with Hamas over the payment of salaries to thousands of its employees had become the main issue from preventing his government of national unity from operating inside Gaza. Abbas's accusation that Hamas was effectively running a ...
Israel issues tenders for 283 homes in West Bank settlement JERUSALEM: Israel said on Friday it published tenders for 283 new homes in a West Bank settlement, just days after announcing its biggest land grab on occupied Palestinian territory for three decades.The expansion of the Elkana settlement, in the northwest of the West Bank, was approved in January and the tenders published Thursday, Israel's Land Authority said on its website.It came after Israel announced Sunday its biggest land grab in the West Bank since the ...
Record 4.1mn in Syria received food aid in August, UN says ISLAMABAD: A record 4.1 million people in Syria received food rations in August due to more convoys being able to cross front lines and borders from Turkey and Jordan, the United Nations World Food Programme (WFP) said."We are reaching more people every day with urgently needed food assistance many of them have been going hungry for months," Muhannad Hadi, the WFP's regional emergency coordinator for the Syria crisis, said in a statement, Today's Zaman Reported.Over ...
Kerry holds 'constructive' talks with Palestinians WASHINGTON: US Secretary of State John Kerry met for over two hours Wednesday with Palestinian negotiators for "constructive" talks on future relations with Israel, a US official said.The talks come just days after Israel announced its biggest grab of Palestinian land since the 1980s, and as a new showdown looms at the United Nations with the increasingly frustrated Palestinians planning to push a resolution setting a three-year deadline to end the Israeli occupation.It was Kerry's ...
Israel to supply offshore gas to Jordan in new deal JERUSALEM: Israel is to supply Jordan with natural gas from its vast Leviathan offshore gas field over a period of 15 years, US giant Noble Energy announced on Wednesday.A source close to the deal said it was worth $15 billion (11.4 billion euros) a significant chunk of some $60 billion which Prime Minister Benjamin Netanyahu has said will come from Israel's offshore gas exports.Noble announced in a statement the "execution of a non-binding letter of ...
Kerry building coalition to fight militants WASHINGTON: Top US diplomat John Kerry revealed on Wednesday he was working to forge a global coalition to fight the "medieval savagery" of militants terrorizing a swathe of Syria and Iraq and blamed for killing two journalists.As President Barack Obama called for an international front against the group known as the Islamic State (IS), US officials also revealed that two videos showing the beheadings of Steven Sotloff and James Foley were not filmed at the ...


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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