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France drops case against Iranian dissidents after 11-year probe PARIS: Prosecuting judges in Paris on Wednesday dropped all charges of money laundering and fraud against nine people close to an exiled Iranian opposition group more than 10 years after they were arrested on terrorism charges. The five women and four men were among 167 sympathisers of the People's Mujahideen Organisation of Iran (PMOI) who were rounded up in 2003 during a police raid on the ouskirts of Paris for questionning over possible links to terrorism and suspicion of money laundering. Twenty-four people were originally placed under formal investigation, including Maryam Rajavi, the leader of the PMOI's political wing, the National Council of Resistance of Iran (NCRI), on suspicion of "associating with wrongdoers in relation with a terrorist undertaking". But that judicial investigation lost momentum and many of the restrictions on the suspects' movement were lifted in 2006 with only nine still investigated for possible money laundering.The NCRI has repeatedly ...

China's Xi to launch $1.4bn port city development in Sri Lanka COLOMBO: Chinese President Xi Jinping arrived in Sri Lanka Tuesday to launch construction of a Beijing-funded $1.4 billion port city and seek closer defence ties that could provoke unease in neighbouring India.China is increasingly asserting its influence in the Indian Ocean, with Sri Lanka a midway point on one of the world's busiest international shipping lanes.It is already the largest investor in Sri Lanka, having financed the construction of a deep-sea port elsewhere and an ...
Large blast rocks central Kabul: AFP KABUL: A large blast ripped through central Kabul on Tuesday, shaking buildings and setting off the siren alert at the US embassy as emergency vehicles raced through the streets to assess the damage.The explosion occurred in the Afghan capital as the two candidates in the presidential election hold talks on ending a prolonged stalemate over who won the vote on June 14.Copyright AFP (Agence France-Presse), 2014 ...
China's Xi wins Maldives backing for 'maritime silk route' MALE: China's President Xi Jinping secured Maldivian support Monday for a "21st century maritime silk road" as he began a South Asian tour in the strategically located Indian Ocean atoll nation.The Maldives is best known for its tourist industry but also straddles major international shipping lanes, and Chinese investment there has grown significantly as Beijing tries to secure vital trade routes.In a joint statement, the two countries also said they agreed to cooperate on security ...
India considers closing some loss-making state firms NEW DELHI: Indian government officials will meet on Tuesday to discuss proposals to shut down some loss-making state-owned companies, risking a conflict with powerful trade unions.After two decades of halting privatisations, the central government still owns about 260 firms and thousands more at the state level, involved in activities ranging from generating nuclear power to making condoms.Some of them, including Oil and Natural Gas Corporation and Steel Authority of India are successful, but there are ...
Bangladesh sets two-year jail term for child marriage DHAKA: Bangladesh on Monday approved a law setting a two-year jail term for anyone involved in marrying a girl aged under 18, in a bid to cut the country's notoriously high child marriage rate.The new law comes days after new UN figures showed two-thirds of Bangladeshi girls marry before they reach adulthood. It targets the parents or guardians and the marriage registrar as well as the groom."Anyone found responsible for child marriage, including the groom, ...
India's spacecraft 'on target' to reach Mars BANGALORE: An Indian spacecraft is on course to reach Mars, an official said Monday, following a 666-million-kilometre voyage that could see New Delhi's low-cost space programme win Asia's race to the Red Planet.The 350-tonne rocket carrying an unmanned probe is set to enter Mars's orbit next week after 10 months in space.It is India's first mission to the planet to search for evidence of life.Indian Space Research Organisation official Koteswara Rao said the rocket has ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln