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Obama confers with national security team WASHINGTON: US President Barack Obama conferred with key national security advisors on Tuesday about nuclear talks with Iran, amid suggestions a deal may be at hand."Tonight, the president convened a secure video teleconference with members of his national security team," said National Security Council spokeswoman Bernadette Meehan.Obama was briefed on ongoing talks in Switzerland by Secretary of State John Kerry and Secretary of Energy Ernest Moniz.Russia and Iran's foreign ministers claimed a breakthrough in talks Tuesday, on a deal that would see Iran curb its nuclear program in exchange for sanctions relief.Copyright AFP (Agence France-Presse), 2015 ...

US ready to accept China-led infrastructure bank: Lew WASHINGTON: US Treasury Secretary Jacob Lew said on Tuesday that Washington was "ready to welcome" the China-led Asian Infrastructure Investment Bank, easing toward the new development institution after the US expressed early concerns.Lew said in a San Francisco speech just after a trip to Beijing that the United States would embrace any new international development bank providing it "complements" existing institutions like the World Bank and International Monetary Fund.He also stressed that new institutions needed ...
US stands ready to welcome the China-led AIIB WASHINGTON: The United States stands ready to welcome a China-led development bank as long as it complements existing institutions and adopts high governance standards, Treasury Secretary Jack Lew said on Tuesday. Lew said having the Asian Infrastructure Investment Bank work with existing institutions would demonstrate its backers are committed to high standards of governance. "I was encouraged by my conversations in Beijing in which China's leaders made clear that they aspire to meet high standards ...
UN envoy for Yemen moves to Jordan UNITED NATIONS: The United Nations has relocated its peace envoy for Yemen to Jordan and pulled its last 13 foreign employees from the conflict-torn country, a spokesman said Tuesday.Envoy Jamal Benomar left Yemen at the weekend along with some 200 UN staff as a Saudi-led coalition launched air strikes to block an advance against Shiite rebels known as the Huthis.UN spokesman Farhan Haq told reporters that Benomar is working on reviving peace talks despite the ...
US high court hears execution case of mentally ill man WASHINGTON: The US Supreme Court questioned Monday whether a man deemed mentally handicapped by a federal court but not his home state should be executed without a new hearing assessing his intellectual disability.In its 2002 decision Atkins v. Virginia, the high court forbade the execution of people with intellectual handicaps.The court found that such an execution would amount to "cruel and unusual punishment," which is banned by the US Constitution's Eighth Amendment.But it left it ...
Obama to make landmark presidential trip to father's homeland, Kenya WASHINGTON: Barack Obama will make a long-awaited trip to Kenya later this year, visiting his father's homeland for the first time since becoming US president six years ago, the White House said Monday.During the long-promised visit this July, Obama will attend a Global Entrepreneurship Summit in the east African nation, a statement said.Obama has visited Africa four times since becoming president, but has not visited the country where he still has relatives.For much of Obama's ...
Body found at site of collapsed New York buildings NEW YORK: New York police recovered on Sunday a body from the Manhattan site where four buildings were destroyed or damaged earlier this week in a massive gas explosion.Two people had been reported missing from a sushi restaurant ravaged by the Thursday blast, which blew the front off a commercial and residential property on Second Avenue in East Village and led to a multi-building fire.NYPD Sergeant Lee Jones told AFP that a body had "been ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 30, 2015
Reserves $17.717 bln