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Strong quake causes damage, injuries in southern Iran TEHRAN: A strong earthquake of 6.2 magnitude hit southern Iran early Saturday, the US Geological Survey said, with local media reporting of damaged villages and several injuries.The epicentre of the quake was measured at 85 kilometres (52 miles) southeast of the southern town of Minab at 0208 GMT , the USGS said in a statement. It was at a depth of 36.44 km.Head of Iran's Red Crescent rescue corps Mahmoud Mozafar told the Fars news agency that at least 11 people had been injured in five villages which were "severely" hit by the quake.The Mehr news agency, quoted him as saying that "several houses were leveled" based on preliminary reports.The reports said rescue teams were dispatched to the affected area.The USGS said there was a 35 percent chance of fatalities from the quake which the Hong Kong Observatory measured at 6.1 magnitude.Iran's Seismological Centre has registered a series of aftershocks, ...

Gandhi's sandals up for auction in Britain LONDON: A pair of sandals formerly owned by India's independence hero Mahatma Gandhi is to go under the hammer in Britain later this month.Auction house Mullock's said the battered leather shoes, due to be sold on May 21, were expected to fetch up to £15,000 ($23,000, 18,000 euros) despite being "in a bad state".The sandals are among the star lots in "one of the largest collections of memorabilia relating to Mahatma Gandhi ever to be ...
China opposes US report on military development BEIJING: The Chinese Defence Ministry's spokesman has expressed "strong dissatisfaction with" and "firm opposition to" a Pentagon report on China's military development.China in this regard has made representations to the United States, spokesman Geng Yansheng said.His comments came Wednesday after the US Department of Defence on Tuesday Beijing Time released its annual report on China's military, playing up its threat and opacity, reports Xinhua news.The 83-page report, titled "Military and Security Development involving the People's ...
S.Korea president proposes peace park with N.Korea WASHINGTON: South Korea's president on Wednesday proposed an international park on the tense border with North Korea as part of a peace initiative to bring down soaring tensions in the region."The Demilitarized Zone must live up to its name, a zone that strengthens the peace, not undermines it," President Park Geun-Hye told a joint meeting of the US House of Representatives and Senate."It is with this vision in mind that I hope to work toward ...
Dotcom's lawyers say prosecution threatens Internet freedom WELLINGTON: Lawyers for Megaupload founder Kim Dotcom accused the US government on Wednesday of launching a flawed prosecution against their client with "frightening" implications for all Internet users.The New Zealand-based Internet tycoon's legal team released a "white paper" to coincide with a visit to Auckland by US Attorney General Eric Holder, which argues that online piracy allegations against Dotcom are baseless.The 38-page document says that while copyright issues are normally treated as a civil matter, ...
Taiwan intelligence unit confirms Hong Kong visit TAIPEI: A top Taiwanese intelligence official has visited Hong Kong in a landmark trip seen as the latest sign of fast-warming ties between Taiwan and former rival China, officials and local media said Tuesday.The Bureau of Investigation told AFP that Wu Li-chen, a deputy chief of the bureau, visited Hong Kong last month. It declined to give details.Wu was thought to be the highest ranking official from the bureau to have visited Hong Kong since ...
Anwar vows to stay on to fight Malaysia poll result KUALA LUMPUR: Anwar Ibrahim said on Tuesday he was putting on hold plans to step aside as Malaysia's opposition leader, saying he wanted to spearhead a fight against poll results he says were tainted by fraud.Anwar had said he would step down if the opposition failed to take power in Sunday's national elections, in which his three-party Pakatan Rakyat (People's Pact) won just 89 of 222 parliamentary seats.But Anwar has claimed massive fraud by the ...

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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyFBS July-June
Trade Balance $-21.271 bln
Exports $23.641 bln
Imports $44.912 bln
WeeklyMay 13, 2013
Reserves $11.863 bln