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Venezuela opposition mayor ordered held: prosecutors CARACAS: Venezuela prosecutors on Friday ordered the continued detention of Caracas opposition Mayor Antonio Ledezma, who was arrested a day earlier in an alleged coup plot. Prosecutors "achieved custody for the mayor of Caracas," officials said in a statement.Ledezma, who was re-elected as mayor in 2013, will be held in Ramo Verde prison, the same jail on the outskirts of the capital currently housing another opposition leader, Leopoldo Lopez, who was arrested a year ago.Masked intelligence service agents arrested Ledezma over what socialist President Nicolas Maduro alleges was a coup plot financed by the United States and directed from Washington, claims the United States dismissed.As evidence of the supposed coup, Maduro cited a newspaper advertisement signed by Ledezma, Lopez and ousted lawmaker Maria Machado entitled "National agreement for the transition." The article details a number of economic and political proposals.Ledezma was first elected in 2009, but many of his powers ...

India clears $8bn plan to build warships NEW DELHI: India has cleared an $8 billion plan to build seven warships as part of a twin push to ramp up local production and counter an increasing assertive China, a defence ministry official said Thursday.The move is seen as a way to narrow India's huge gap with China's advanced naval warfare systems while boosting Prime Minister Narendra Modi's push to manufacture defence equipment locally.India, is in the midst of a multi-billion-dollar upgrade of its ...
Iran sets parliamentary election for February 2016 TEHRAN: Iranians will vote for a new parliament on February 26 next year, the elections watchdog said Wednesday, in a contest expected to mark the return of reformists.The date was announced by a Guardians Council spokesman, quoted by the ISNA news agency.After the previous parliamentary elections in March 2012, reformists virtually disappeared from the assembly -- which now has 209 members -- following a boycott.The boycott was in response to the repression of protests that ...
Modi vows to end India status as top defence importer BANGALORE: Prime Minister Narendra Modi vowed on Wednesday to end India's status as the world's number one defence importer, saying he wanted 70 percent of hardware to be manufactured domestically by the turn of the decade.Speaking at the start of a major aviation industry conference, Modi told hundreds of foreign and local businessmen that his government would favour domestic firms when awarding defence contracts as part of a larger push to boost India's manufacturing sector."We ...
Modi's personalised pinstripe up for auction AHMEDABAD: A suit with Narendra Modi's name stitched into the pinstripe, worn by the Indian premier when he met Barack Obama is to be sold at auction on Wednesday to raise money to clean the Ganges.The famously fastidious prime minister was mocked for narcissism after wearing the bespoke wool suit with the words "Narendra Damodardas Modi" woven into it in tiny letters.It will go on sale along with more than 450 other gifts the Indian ...
India PM slams religious violence after church attacks NEW DELHI: Indian Prime Minister Narendra Modi pledged firm action against the perpetrators of religious attacks and warned against efforts to incite hatred against minorities Tuesday after a series of attacks on churches."I condemn violence against any religion. We will act strongly against such violence," Modi said at a conference organised by Christian groups in the capital New Delhi."My government will not allow any group belonging to majority or minority to incite hatred against other ...
Iran parliament downsizes oil revenues for new budget TEHRAN: Iran's parliament has cut by 25 percent projected oil revenues in the draft budget for 2015-2016 to reflect the drop in price on the international market, media reported Monday.The decision was taken by lawmakers as they voted point by point on the draft budget submitted in December and which must be ratified by the end of the Iranian fiscal year on March 20.President Hassan Rouhani admitted in an address to parliament in December that ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln