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Iran lawmakers demand 'fact sheet' on nuclear deal TEHRAN: A majority of Iranian lawmakers on Sunday demanded the country's negotiators publish a "fact sheet" on a newly agreed framework nuclear accord, while denouncing details laid out in an American version."In a letter, members of parliament asked for the publishing of an Iranian fact sheet, and so far 212 have signed it," Javad Karimi Ghodusi, a member of the 290-seat assembly, was quoted as saying by the official IRNA news agency.On April 2, Iran and world powers agreed on a framework accord to be finalised by the end of June to rein in Tehran's suspect nuclear programme in exchange for the lifting international sanctions.Only one official statement with limited details was issued at the time, jointly by Iranian Foreign Minister Mohammad Javad Zarif and EU foreign policy chief Federica Mogherini.Later on, however, the US State Department published on its website an outline of some more key issues of the ...

Modi to talk jets, nuclear energy in France PARIS: Once persona non grata in Europe, India's prime minister will be welcomed with open arms in Paris on Friday as he kicks off his maiden visit to the continent to woo investors to his fast-growing economy.Narendra Modi is seeking to accelerate a drive to turn India into a manufacturing and investment hub, and attention will be on whether Paris and New Delhi seal lucrative, long-delayed fighter jet and nuclear deals.Paris has for years been ...
Indian teacher charged with killing boy over stolen pencil NEW DELHI: Indian police on Thursday arrested a school principal accused of causing the death of an 11-year-old boy beaten over a stolen pencil.Police superintendent Abdul Hameed said the teacher had confessed to beating the pupil at his school in the northern Indian state of Uttar Pradesh after finding him with a pencil that another child had lost.The child later began vomiting blood and died on the way to hospital, the Times of India daily ...
India's PM increases compensation for farmers to ease rural discontent NEW DELHI: Indian Prime Minister Narendra Modi on Wednesday announced higher compensation and government aid for farmers who are suffering due to unseasonable rains, in an attempt to calm growing discontent among people living in the countryside.Storms have badly damaged crops in large parts of northern India and led to anger against Modi for not doing enough to help those in distress. Dozens of farmers have committed suicide in recent weeks.Discontent among people in rural ...
India hikes compensation for rain-hit farmers NEW DELHI: India's prime minister said Wednesday he would boost compensation to farmers whose crops were destroyed by recent heavy rains, amid growing criticism of the government's rural policies.Narendra Modi was elected less than a year ago with a huge majority, but there has been strong rural opposition to his government's controversial land acquisition bill."It is the responsibility of each one of us, the government included, to stand by our farmers who are going through ...
Modi out to woo investors on first Europe trip NEW DELHI: Prime Minister Narendra Modi will take his push to turn thriving India into a major manufacturing and investment hub to the eurozone's two biggest economies this week on his maiden visit to the continent.Modi flies out Thursday to France, whose government is desperate to save a troubled $12 billion defence deal, before heading to Germany to inaugurate one of the world's biggest trade fairs.He will also visit Canada at the end of the ...
Iran approved to join China-backed infrastructure bank SHANGHAI: Iran has been approved as a founding member of the Beijing-backed Asian Infrastructure Bank (AIIB), China's finance ministry said Tuesday, just days after Tehran sealed a historic framework agreement on its nuclear programme.Tehran's application was backed by other founding members on Friday, China's Ministry of Finance said in a statement on its website. The United Arab Emirates' bid was also approved.More than 50 countries, plus Taiwan, have now applied to join the bank in ...

 



 
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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
WeeklyMay 21, 2015
Reserves $17.75 bln