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Iran launches charm offensive among wary Gulf Arabs DUBAI: Iran's foreign minister began a charm offensive in the Gulf on Sunday to defend a nuclear deal seen by some Arab states as heralding greater Iranian support for armed groups and governments opposed to the hereditary monarchies.Most Gulf Arab states are worried that Iran's July 14 accord with world powers will hasten detente between Tehran and Washington, emboldening Tehran to increase backing for Middle Eastern allies at odds with Gulf Arab countries.The minister, Mohammad Javad Zarif, began a one-day, three-country tour by visiting Kuwait. He was due to go on to Qatar and then Iraq.Iran's Deputy Foreign Minister for Arab and African Affairs Hossein Amir-Abdollahian, accompanying Zarif, said the goal of this visit was "strengthening ties and developing cooperation is all the fields" with Iran's neighbours."The fight against extremism and violence as well as strengthening regional ties are a fundamental necessity to achieve sustainable development and security in the ...

India PM promises billions to Bihar as elections loom PATNA: Indian Prime Minister Narendra Modi on Saturday took his political campaign to the impoverished state of Bihar, promising billions of dollars for infrastructure projects as he seeks to win support ahead of crucial elections there.Modi committed to allocate funds amounting to some $5.8 billion over five years to help develop the eastern state, as he addressed a gathering in state capital Patna. The Hindu nationalist premier also launched railway, highway, gas and energy projects, ...
Maldives sacks vice-president for 'treason' COLOMBO: The Maldives parliament has sacked the country's vice-president and accused him of treason, as international concern mounts over the state of democracy on the honeymoon islands.Lawmakers voted overwhelmingly on Tuesday evening to oust Mohamed Jameel, who was the running mate of President Abdulla Yameen in a controversial 2013 election but has now fallen out with him.The 45-year-old, who was abroad at the time of the vote, was also accused of colluding with the opposition, ...
27 crushed to death in India holy river stampede GODAVARI: A stampede on the banks of a holy river killed at least 27 pilgrims Tuesday in southern India, signalling a tragic beginning to a religious festival season, officials said.The stampede broke out at around 8:00 am (0230 GMT) in Rajahmundry, on the border of the twin states of Andhra Pradesh and Telangana, about two hours after the start of the Maha Pushkaralu festival which sees thousands of people bathe in the waters of the ...
Roadside bombs kill 12 civilians in Afghanistan: officials KABUL: At least 12 civilians were killed in twin roadside bomb blasts in Afghanistan, officials said Sunday, blaming the attacks on the Taliban as the militants intensify their summer offensive. A roadside bomb ripped through a passenger van on Saturday in Tagab district of Kapisa, an often restive province in the mountains east of the Afghan capital Kabul, killing 10 civilians and wounding six others, provincial officials said. "A civilian van travelling from Kabul to ...
Bomb kills three children in south Afghanistan: officials KANDAHAR: Three children were killed on Saturday when a bomb exploded in the restive southern Afghan city of Kandahar, officials said.The victims, all under the age of 10, had entered an empty shop to shelter from the hot summer sun when a bomb hidden inside went off, killing three and wounding six other children, according to provincial police spokesman Zia Durani."The explosives had been hidden in the shop and went off as the kids, all ...
Iran talks have to conclude within 48 hours: Western diplomat VIENNA: Iran talks have now entered the "final" extension and have to conclude within 48 hours, a Western diplomat said Tuesday in Vienna."The talks are not 'without any deadline' or 'open-ended'... We have just done the final extension. It's difficult to see why and how we could go on any longer. Either this works in the next 48 hours or it doesn't," the diplomat said on condition of anonymity.Copyright AFP (Agence France-Presse), 2015 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln