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US issues Kenya travel warning ahead of Obama visit NAIROBI: The United States has warned its citizens in Kenya ahead of visit by President Barack Obama of the risk of terrorist attacks, singling out a conference that Obama is due to address.The US president is scheduled to give a speech to the Global Entrepreneurship Summit (GES) in Nairobi, which opens on July 24."As with all large public events, there is the opportunity for criminal elements to target participants and other visitors," the US State Department said in a statement."Large-scale public events such as this summit can also be a target for terrorists. US citizens should maintain a high level of security awareness."Kenya has been hit by a string of attacks by the Somali-led Shebab insurgents.In April, the Al-Qaeda-linked militants massacred 148 people at the region's Garissa University, most of them students.In 2013, four Shebab gunmen killed at least 67 people in an assault on the Westgate mall in the ...

Canada and Ukraine clinch free trade deal: report OTTAWA: Canada and Ukraine reached a free trade agreement that will be formally announced Tuesday during Prime Minister Arseniy Yatsenyuk's visit to Ottawa, Canadian media reported.With more than a million inhabitants claiming roots in Ukraine, Canada has made multiple supportive moves with Kiev since the 2014 revolution and Russia's annexation of the Crimean Peninsula.Trade between the two countries reached some $244 million in 2014.Ottawa and Kiev re-launched discussions about a free trade deal early last ...
Six dead in north Mexico gunfight MEXICO CITY: Gunmen attacked a police convoy in northern Mexico's violence-plagued city of Matamoros on Saturday, sparking a clash that left five suspects and one officer dead.The clash erupted after four carloads of armed civilians opened fire on Tamaulipas state and federal police in the city that borders Texas, authorities said.Four of the suspects were killed inside a car, which struck a restaurant's metal gate, the Tamaulipas state government said in a statement.A state police ...
Trump says will win Hispanic vote despite immigrant storm BEVERLY HILLS: Donald Trump doubled down Friday on his controversial claim that Mexico is sending criminals to the United States -- but insisted he was misrepresented, and really likes Mexico and Mexicans. The colorful US property magnate turned Republican White House hopeful also asserted that he will win more Hispanic votes than his rivals, including Democrat Hillary Clinton. He made his comments after meeting with a group of families who have had loved ones killed ...
US fed funds rate remains at 0.13pc NEW YORK: The US federal funds rate , which banks charge each other to borrow excess reserves, averaged 0.13 percent for a seventh day on Thursday, US Federal Reserve data released Friday showed. The fed funds rate, which the Fed targets to achieve its rate objective, traded in a range of 0.05 percent to 0.3125 percent, matching Wednesday's range. Copyright Reuters, 2015 ...
Obama in confab with US team at Iran nuclear talks WASHINGTON: President Barack Obama spoke Wednesday to Secretary of State John Kerry and other members of the US delegation in Vienna thrashing out the fine details of a historic nuclear agreement with Iran.A terse White House statement gave little away about the content of the "secure video conference," which came as the West upped the pressure on Tehran in a high-stakes game of diplomatic brinkmanship."The president reviewed the progress of negotiations to date and provided ...
Colombia president replaces top military leaders BOGOTA: President Juan Manuel Santos has replaced Colombia's top military leaders, days after the release of a Human Rights Watch report alleging complicity by the country's top brass in extrajudicial killings of civilians.In a press conference Monday, Maduro announced that General Jaime Alfonso Lasprilla, head of Colombia's army, would be replaced by General Alberto Mejia Ferrero.The head of Colombia's navy, Admiral Hernando Wills, will be replaced by Admiral Leonardo Santamaria, Santos said. General Carlos Bueno, ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln