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Iran nuclear deal faces fresh challenges in US VIENNA: Hours after major powers agreed a deal over Iran's nuclear programme, the White House on Wednesday launched a campaign to stop sceptics at home and abroad from derailing the long-awaited accord.The agreement, signed on Tuesday after 18 days of marathon talks in Vienna, aims to ensure Tehran cannot create a nuclear bomb in return for lifting biting sanctions that have crippled Iran's economy. It was hailed by the United States, the European Union, Iran and NATO -- all of whom hope the deal will end decades of bad blood between the Middle East's major Shiite Muslim power and the West -- but branded a "historic mistake" by Tehran's archfoe Israel.US President Barack Obama said the accord meant "every pathway to a nuclear weapon is cut off"."This deal offers an opportunity to move in a new direction. We should seize it," he said in an address to the nation.Hours after ...

Google removes Chinese name on map after Philippine furore MANILA: Google has quietly removed the Chinese name for a South China Sea shoal bitterly disputed by Beijing and Manila from its maps service, following an outcry from Filipinos.The Google Maps website on Tuesday referred to the rich fishing ground -- a subject of a case lodged by the Philippines at an international arbitration tribunal -- by its international name, Scarborough Shoal.The service had earlier labelled the shoal as part of China's Zhongsha island chain, ...
Japanese envoy to visit China ahead of possible summit: reports TOKYO: Japan's top security diplomat could visit China as early as this week ahead of a possible visit by Prime Minister Shinzo Abe to repair strained ties between the neighbours, local media said Sunday.Shotaro Yachi, the head of the National Security Council, plans to visit Beijing for talks with Yang Jiechi, China's top diplomat who serves as state councillor, Japan's public broadcaster NHK and other media reported.Yachi is expected to lay the groundwork for a ...
Japan PM Abe studies possible China visit in Sept TOKYO: Japanese Prime Minister Shinzo Abe is studying the possibility of a summit with Chinese President Xi Jinping in China in September, the Asahi newspaper reported on Saturday, citing sources close to Abe. The two leaders held talks in April in Indonesia, but Abe, faced with a controversial security policy change as part of his domestic agenda, sees better Japan-China relations as a way to boost his job approval ratings, the paper said.China invited Abe ...
Typhoon lashes China after more than a million people evacuated SHANGHAI: One of the most powerful typhoons to strike eastern China in decades disrupted air, rail and sea transport on Saturday after forcing the evacuation of more than a million people from the provinces of Zhejiang and Jiangsu, state media reported.Typhoon Chan-Hom was packing winds of 162 kph (101 mph) as it hit the city of Zhoushan, slowing from an earlier speed of 173 kph (108 mph).It could be the most powerful typhoon to hit ...
Bali airport reopens after days of closure due to ash cloud: official JAKARTA: Indonesian authorities reopened the international airport on the holiday hotspot of Bali on Saturday, an official said, after it was shut for days due to drifting ash from a volcano.It was not immediately clear, however, when flights would resume at Ngurah Rai International Airport, where thousands of holidaymakers have been stranded since Thursday when drifting ash from Mount Raung on Java forced its closure.Indonesia's transport ministry had ordered the closure of the airport at ...
Tearful prayers as Manny Pacquiao visits death row Filipina YOGYAKARTA: Boxing superstar Manny Pacquiao visited a Filipina on death row in Indonesia on Friday, with the convict breaking down in tears as she prayed behind bars with the Philippine sporting hero.Mary Jane Veloso was sentenced to death in Indonesia after being arrested in 2009 with 2.6 kilograms (5.7 pounds) of heroin sewn into the lining of her suitcase.She had been due to face the firing squad along with other foreign drug convicts in April ...

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln