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Iran says nuclear talks to resume Wednesday TEHRAN: Nuclear talks between Iran and world powers have broken off and will resume on Wednesday, according to Iran's deputy foreign minister Abbas Araghchi."Right now more consultation and coordination is needed," he was quoted as saying Friday by Iranian media who reported that the negotiating team was returning to Tehran."Negotiations will resume Wednesday," Araghchi said, without naming the venue. Copyright AFP (Agence France-Presse), 2015 ...

Iran FM sees progress in nuclear talks TEHRAN: Iranian Foreign Minister Mohammad Javad Zarif said Thursday that nuclear talks in Switzerland with US Secretary of State John Kerry were making progress although "a lot of work" remains."We are advancing very well but there's still a lot of work to be done," he told Iran's state news agency IRNA in the Swiss city of Lausanne on the fourth day of negotiations.His assessment echoed that of Kerry, who said the talks were facing "tough ...
Seven killed, 41 injured in Afghan truck bomb KANDAHAR: A truck bomb set off by a suicide attacker targeting senior provincial officials on Wednesday killed at least seven civilians and wounded around 40 in southern Afghanistan, officials said. The bomber detonated his explosives-rigged truck near a complex that houses the governor, the head of the provincial council and the deputy provincial police chief in Lashkar Gah, the capital of Helmand, Deputy Provincial Governor Mohammad Jan Rasolyar told AFP.A senior police officer who declined ...
Indian cabinet approves bill to punish hiding of foreign assets NEW DELHI: India's cabinet approved a bill on Tuesday that would introduce a 10-year jail term for people convicted of illicitly stashing wealth abroad, a senior official said. The move is viewed as a first step towards empowering tax authorities and meeting the commitment of Prime Minister Narendra Modi's 10-month-old government to enact a new law on 'black money', a key political challenge. Finance Minister Arun Jaitley announced the pledge as part of reform measures ...
Indian opposition unites to oppose Modi land reform push NEW DELHI: India's usually fractious opposition parties joined forces on Tuesday for a march against a bill to ease land acquisition rules, a rare show of unity that bodes badly for a key part of Prime Minister Narendra Modi's economic overhaul plans.Opposition parties from across the political spectrum, including Congress President Sonia Gandhi, walked from parliament to the president's home demanding the government drop its plans."We have come together to oppose the Modi government's amendments," ...
Iran touts growth despite nuclear sanctions %9 TEHRAN: Western sanctions over Iran's nuclear programme cannot prevent it from growing, President Hassan Rouhani said Tuesday as he inaugurated part of the giant South Pars gas field in the Gulf."This inauguration means that when we say sanctions cannot stop us from growing, developing and moving forward, Phase 12 bears witness to that," he said.Tuesday's ceremony comes with Iran and the major powers engaged in crunch talks in Switzerland as the clock ticks down on ...
India's Modi deeply concerned about rape of nun; protests flare NEW DELHI: Indian Prime Minister Narendra Modi said on Tuesday he was "deeply concerned" about the rape of an elderly nun and the demolition of a church as protests for the better protection of women and religious minorities erupted across the country.Modi has asked for an immediate report on the violence on the weekend, according to a statement. There were angry scenes in parliament as legislators demanded to know why the man accused of rape ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln