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UAE says 'several' of its soldiers killed in Yemen ABU DHABI: The United Arab Emirates said on Friday that "several" of its soldiers had been killed while fighting with a Saudi-led coalition battling Huthi rebels in Yemen.The armed forces statement carried by the official WAM news agency did not specify the number of troops killed or the circumstances of their deaths.But Yemeni military sources said Arab coalition soldiers were among those killed in what they said was an accidental explosion at an ammunition store in the battleground eastern province of Marib.Copyright AFP (Agence France-Presse), 2015 ...

Israel air strike hits Gaza after rocket fire JERUSALEM: An Israeli air strike hit a Hamas facility in Gaza overnight after Palestinians fired a rocket into southern Israel, the army said in a statement early on Thursday."In response, the Israel Air Force targeted a Hamas weapon manufacturing facility located in the central Gaza Strip," it said.There were no reports of casualties in either attack. The statement said it was the eighth incident of rocket fire from Gaza since the beginning of 2015.It said ...
Abbas quits PLO leadership ahead of internal election: official RAMALLAH: Palestinian president Mahmud Abbas resigned Saturday as head of the Palestine Liberation Organisation's Executive Committee in a bid to force new elections for the top body, an official said.Wassel Abu Yussef said that more than half of the 18-member committee had also stepped down."The resignation of the president of the executive committee Mahmud Abbas and more than half of its members has created a legal vacuum, and therefore the Palestine National Council has been ...
Official blames Qaeda for Aden police base bombing ADEN: A bomb destroyed the secret police headquarters in Aden on Saturday, residents of the southern Yemen city said, in an attack that one official blamed on al Qaeda.The four-storey building in the Tawahi neighbourhood of Aden was razed by the blast which occurred at around 6 am (0300 GMT) and which could be heard across the city, residents said.One local official, who declined to be named, said the bombing was carried out by al ...
Iraq PM orders major cuts in guards for officials BAGHDAD: Iraqi Prime Minister Haider al-Abadi Thursday ordered major cuts in the number of guards for officials, the latest step in a reform drive to curb corruption and streamline the government.Abadi rolled out a reform programme this month in response to popular pressure from weeks of protests against corruption and poor services, and to a call for drastic change from Iraq's top Shiite cleric, Grand Ayatollah Ali al-Sistani.Parliament has approved Abadi's plan along with additional ...
Saudi MERS infections soar ahead of hajj pilgrimage RIYADH: MERS coronavirus infections have soared in Saudi Arabia ahead of the hajj pilgrimage, forcing the closure of a major hospital's emergency ward in Riyadh and killing three people, officials and the press said.The Saudi Gazette said Thursday authorities shut the emergency ward at the King Abdulaziz Medical City, one of the capital's largest hospitals, "after at least 46 people, including hospital staff" contracted the Middle East Respiratory Syndrome.The closure was confirmed to AFP by ...
Egypt's Sisi imposes tough anti-terrorism law CAIRO: Under pressure from a jihadist insurgency, Egypt's President Abdel Fattah al-Sisi has boosted police and judicial powers with a new anti-terrorism law that also imposes hefty fines for "false" media reports.Rights groups, which have accused Sisi of imposing a repressive regime since the army ousted president Mohamed Morsi in 2013, fear the new law could be used to further muzzle dissent and target critics.Sisi ratified the law on Sunday, as the country faces a ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln