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Obama speaks to Saudi king amid claim of summit snub: White House WASHINGTON: The White House said President Barack Obama spoke to Saudi Arabia's King Salman Monday, after the Gulf monarch pulled out of a high-profile meeting.The pair discussed the "upcoming GCC (Gulf Cooperation Council) summit" at Camp David on Thursday, said top Obama foreign policy aide Ben Rhodes, playing down talk of a rift.Copyright AFP (Agence France-Presse), 2015 ...

Kerry to visit China this week, then South Korea WASHINGTON: US Secretary of State John Kerry will meet senior officials in China late this week, and then stop in Seoul for talks with South Korean leaders, the State Department announced Monday.Kerry will make the Asia trip after high-stakes talks in Russia due Tuesday with President Vladimir Putin, where the tensions over Ukraine, the Iran nuclear negotiations and Syria will be addressed.During May 16-17 talks in Beijing, America's top diplomat "will meet senior leaders of ...
Obama visit to Cuba 'not ruled out': White House WASHINGTON: US President Barack Obama has no immediate plans to visit Cuba but has not ruled out making such a trip "in the year to come," the White House said Monday.As France's President Francois Hollande touched down in Havana, Obama's spokesman Josh Earnest told reporters who asked if the US leader would follow suit: "I would not rule it out."The US administration is negotiating an end to its half-century-old stand-off with communist Cuba, and has ...
Obama withdraws nomination of ambassador to Somalia WASHINGTON: US President Barack Obama on Monday withdrew the nomination of America's first ambassador to Somalia in 24 years, the White House said.The administration confirmed that Katherine Dhanani, a long-time diplomat with deep experience of African affairs, would not now become the first envoy since 1991."She is withdrawing for personal reasons," an administration official told AFP.Dhanani had appeared before the Senate in March to seek confirmation in the post."Decades of conflict, famine, and oppression led ...
Four soldiers killed in Colombia helicopter crash BOGOTA: Four Colombian soldiers were killed and two others were wounded Sunday when their helicopter crashed in the central Uribe region, the military said. The UH-60L Black Hawk, US-manufactured helicopter was ferrying supplies when the accident occurred at about 2:00 pm (1700 GMT), the army said in a statement. The aircraft was believed to have crashed after encountering technical problems."We send our condolences to the families and friends of these soldiers who gave their lives ...
British foreign policy drift threatens US special relationship WASHINGTON: From across the pond, President Barack Obama has warmly welcomed David Cameron's election victory, but with Britain's role in Europe and the world in doubt so too is its "special relationship" with the United States. White House congratulations are rarely more effusive.Lauding Cameron's "impressive electoral victory," Obama praised the "special and essential relationship" between the United States and Britain."I have enjoyed working closely with Prime Minister Cameron on a range of shared interests these ...
US gains 223,000 jobs in April, jobless rate at 7-year low WASHINGTON: The US economy pumped out a solid 223,000 net new jobs in April, rebounding modestly from a dismal March, the Labor Department reported Friday.The jobless rate fell to a seven-year low of 5.4 percent, down 0.1 percentage point from the previous month.The gains were roughly in line with expectations after March's sharp fall in job creation. But the overall picture of the labor market was little-changed, still showing only slight signs of tightening.The number ...


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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