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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 House views as pivotal to US national security and to the president's legacy.Netanyahu's goal is simple: try to kill a US nuclear deal with Iran, even if it destroys relations with Obama in the process.To Netanyahu's eyes, the deal -- now in the final stages of negotiation -- would give Iran's Ayatollahs tacit permission to seek a nuclear weapon when it expires a decade or so from now.While a nuclear-armed Iran could threaten Israel's existence ...

IS jihadists kidnap 90 Christians in Syria: monitor BEIRUT: Jihadists from the Islamic State group have kidnapped at least 90 Assyrian Christians in northeast Syria, after overrunning two villages, a monitor said Tuesday.The abductions appeared to be the first time the group has kidnapped Christians en masse in Syria, though the jihadists have taken thousands of prisoners as they have advanced in the country and neighbouring Iraq.The Syrian Observatory for Human Rights, a Britain-based monitor, said IS kidnapped the 90 Assyrians on Monday ...
Hadi reclaims stake as president to end Yemen chaos ADEN: Yemeni President Abedrabbo Mansour Hadi has retracted his resignation after escaping house arrest in the militia-controlled capital, an aide said Tuesday, staking a claim to lead the country out of crisis.The embattled leader had tendered his resignation last month after the Shiite militia, known as Huthis, seized the presidential palace and besieged his residence in Sanaa.He made a surprise escape from house arrest on Saturday and resurfaced in Aden, capital of the formerly independent ...
Syria Kurds seize territory in anti-IS offensive BEIRUT: Kurdish fighters have launched an offensive against jihadists in Syria's northeastern Hassakeh province and pushed them from several areas, a monitoring group and the main Kurdish party said.The offensive, launched late on Saturday, is aimed at retaking the town of Tal Hamis and areas around it that are under the control of the Islamic State group, the Syrian Observatory for Human Rights said.Kurdish militia forces, known as the People's Protection Units (YPG), "managed to ...
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 ...
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 ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln