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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, although the precise nature of the charge remains unclear.Yameen's defence minister has also been jailed on charges of trying to topple the government.Yameen already faces international criticism for the jailing of the country's main opposition leader and former president Mohamed Nasheed for 13 years on charges of terrorism.The United Nations said the trial of Nasheed, the country's first democratically elected leader, was "vastly unfair", while US Secretary of State John Kerry warned that democracy was ...

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 ...
Afghan parliament rejects second defence minister nominee KABUL: Afghanistan's parliament rejected the second nominee for defence minister, leaving the key position in limbo after nine months and as the Taliban insurgency makes gains against foreign-backed government forces.Mohammed Masoom Stanekzai received 84 out of the 107 votes required to pass the vote. A total 231 were cast.Copyright Reuters, 2015 ...
Iran recovers 13 tonnes of sanctions-hit gold TEHRAN: Iran said Wednesday it has recovered part of its gold reserves frozen under international sanctions after an accord sealed on the sidelines of nuclear negotiations with world powers.Central bank chief Valiollah Seif, quoted by state news agency IRNA, said the accord covers the repatriation of a total of 13 tonnes of gold blocked in South Africa for the past two years.Three consignments had been returned to the central bank since the start of the ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln