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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-07-16
Debt of KP increased to Rs 350 billion: Fazl

Debt of KP increased to Rs 350 billion: Fazl

Religio-political parties' alliance MMA staged its power show near founder of Pakistan's mausoleum Sunday with its central leadership telling the supporters Elections 2018 is a contest between different ideologies. Speaking at the public meeting at Bagh-e
Published 16 Jul, 2018 12:00am
France lift Second World Cup after winning classic final

France lift Second World Cup after winning classic final

France won the World Cup for the second time in spectacular style on Sunday by ending battling Croatia's dreams of a first major title with a 4-2 victory in one of the most entertaining and action-packed finals for decades. France triumphed thanks to an o
Published 16 Jul, 2018 12:00am
France lift Second World Cup after winning classic final

France lift Second World Cup after winning classic final

France won the World Cup for the second time in spectacular style on Sunday by ending battling Croatia's dreams of a first major title with a 4-2 victory in one of the most entertaining and action-packed finals for decades. France triumphed thanks to an o
Published 16 Jul, 2018 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee, somehow, managed to recover modest ground against the dollar during the week, under review, ended on 14, 2018. The rupee did not show any change, holding present levels against the dollar for buying and selling at Rs 121.54 and Rs 121.55.
Published 16 Jul, 2018 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee, somehow, managed to recover modest ground against the dollar during the week, under review, ended on 14, 2018. The rupee did not show any change, holding present levels against the dollar for buying and selling at Rs 121.54 and Rs 121.55.
Published 16 Jul, 2018 12:00am
Prime Minister responds to security fears

Prime Minister responds to security fears

Prime Minister former Justice Nasir-ul-Mulk on Sunday directed the authorities concerned and stakeholders to exercise utmost precaution and take all possible measures to ensure security of the candidates and the public participating in political rallies a
Published 16 Jul, 2018 12:00am
Prime Minister responds to security fears

Prime Minister responds to security fears

Prime Minister former Justice Nasir-ul-Mulk on Sunday directed the authorities concerned and stakeholders to exercise utmost precaution and take all possible measures to ensure security of the candidates and the public participating in political rallies a
Published 16 Jul, 2018 12:00am
Reactionary approach?
Currency

Reactionary approach?

Finally, the SBP recognized the gravity of the problem and increased the policy rate by 100 bps to 7.5 percent on Saturday. It is a reactionary policy and there was no option but to tighten the aggregate demand from left, right, and center. Had the SBP be
Published 16 Jul, 2018 12:00am
Reactionary approach?
Currency

Reactionary approach?

Finally, the SBP recognized the gravity of the problem and increased the policy rate by 100 bps to 7.5 percent on Saturday. It is a reactionary policy and there was no option but to tighten the aggregate demand from left, right, and center. Had the SBP be
Published 16 Jul, 2018 12:00am
Ministry extends interim GSA with two firms

Ministry extends interim GSA with two firms

The Ministry of Energy has reportedly extended interim Gas Supply Agreement (GSA) with M/s Rousch (Pakistan) Power Limited (RPPL) and Fauji Kabirwala Power Limited (FKPCL), well informed sources told Business Recorder.
Published 16 Jul, 2018 12:00am
Ministry extends interim GSA with two firms

Ministry extends interim GSA with two firms

The Ministry of Energy has reportedly extended interim Gas Supply Agreement (GSA) with M/s Rousch (Pakistan) Power Limited (RPPL) and Fauji Kabirwala Power Limited (FKPCL), well informed sources told Business Recorder.
Published 16 Jul, 2018 12:00am
Ministry extends interim GSA with two firms

Ministry extends interim GSA with two firms

The Ministry of Energy has reportedly extended interim Gas Supply Agreement (GSA) with M/s Rousch (Pakistan) Power Limited (RPPL) and Fauji Kabirwala Power Limited (FKPCL), well informed sources told Business Recorder.
Published 16 Jul, 2018 12:00am
Major step being taken to curb imports

Major step being taken to curb imports

Ministry of Finance has reportedly tailored another plan to increase Regulatory Duty (RD) on more than one thousand imported items, estimating an additional collection of $ 1.12 billion which will help reduce trade deficit, well informed sources in FBR to
Published 16 Jul, 2018 12:00am
Major step being taken to curb imports

Major step being taken to curb imports

Ministry of Finance has reportedly tailored another plan to increase Regulatory Duty (RD) on more than one thousand imported items, estimating an additional collection of $ 1.12 billion which will help reduce trade deficit, well informed sources in FBR to
Published 16 Jul, 2018 12:00am
Major step being taken to curb imports

Major step being taken to curb imports

Ministry of Finance has reportedly tailored another plan to increase Regulatory Duty (RD) on more than one thousand imported items, estimating an additional collection of $ 1.12 billion which will help reduce trade deficit, well informed sources in FBR to
Published 16 Jul, 2018 12:00am
Mixed trend witnessed

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on July 13, 2018 due to uncertainty on political front in the country. BRIndex100 managed to close in positive at 4,295.21 points, up 20.92 points on week-on-week basis. Average
Published 16 Jul, 2018 12:00am
Mixed trend witnessed

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on July 13, 2018 due to uncertainty on political front in the country. BRIndex100 managed to close in positive at 4,295.21 points, up 20.92 points on week-on-week basis. Average
Published 16 Jul, 2018 12:00am
Mixed trend witnessed

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on July 13, 2018 due to uncertainty on political front in the country. BRIndex100 managed to close in positive at 4,295.21 points, up 20.92 points on week-on-week basis. Average
Published 16 Jul, 2018 12:00am
Futures spread down by 749 basis points

Futures spread down by 749 basis points

The futures spread declined by 749bps to negative 1.16 percent on the last day of the outgoing week. Trading activities slightly improved as average daily volumes on futures counter increased by 3.2 percent to 34.95 million shares. The average daily tradi
Published 16 Jul, 2018 12:00am
Futures spread down by 749 basis points

Futures spread down by 749 basis points

The futures spread declined by 749bps to negative 1.16 percent on the last day of the outgoing week. Trading activities slightly improved as average daily volumes on futures counter increased by 3.2 percent to 34.95 million shares. The average daily tradi
Published 16 Jul, 2018 12:00am
Russia must 'account for role' in MH17 tragedy: G7

Russia must 'account for role' in MH17 tragedy: G7

Russia must "account for its role" in the 2014 downing of Malaysia Airlines flight MH17 over Ukraine and cooperate with efforts to establish truth and justice, foreign ministers of the world's industrial democracies said on Sunday.
Published 16 Jul, 2018 12:00am
Dozens wounded as south Iraq protesters clash with police

Dozens wounded as south Iraq protesters clash with police

Dozens of demonstrators were wounded in southern Iraq on Sunday in clashes with police as protests over unemployment and a lack of basic services entered a second week, officials said. The protests hit several provinces including Basra, despite Prime Mini
Published 16 Jul, 2018 12:00am
Girl killed, 25 hurt as ride collapses in park

Girl killed, 25 hurt as ride collapses in park

A 12-year-old girl was killed and 25 others injured as a pendulum ride in Askari Amusement Park broke apart on Sunday night, according to Aaj News. Initial reports suggest that some people are still trapped under the ride's collapsed structure. A video fo
Published 16 Jul, 2018 12:00am
Girl killed, 25 hurt as ride collapses in park

Girl killed, 25 hurt as ride collapses in park

A 12-year-old girl was killed and 25 others injured as a pendulum ride in Askari Amusement Park broke apart on Sunday night, according to Aaj News. Initial reports suggest that some people are still trapped under the ride's collapsed structure. A video fo
Published 16 Jul, 2018 12:00am
Gaza truce mostly holds after heavy Israel strikes, Hamas rocket fire

Gaza truce mostly holds after heavy Israel strikes, Hamas rocket fire

A ceasefire announced by Hamas largely held Sunday after the most severe exchange of fire between Israel and Palestinian militants in the Gaza Strip since a 2014 war, easing fears of a wider conflict for now. Hamas, the Islamist movement that runs the blo
Published 16 Jul, 2018 12:00am
Gaza truce mostly holds after heavy Israel strikes, Hamas rocket fire

Gaza truce mostly holds after heavy Israel strikes, Hamas rocket fire

A ceasefire announced by Hamas largely held Sunday after the most severe exchange of fire between Israel and Palestinian militants in the Gaza Strip since a 2014 war, easing fears of a wider conflict for now. Hamas, the Islamist movement that runs the blo
Published 16 Jul, 2018 12:00am
Islamic banking

Islamic banking

Authorities and religious scholars of the country are very keen to abolish riba and expand the coverage of Islamic banking as soon as possible. Speaking on a resolution on 10th July, 2018 in the Senate, Caretaker Finance Minister Dr Shamshad Akhtar said t
Published 16 Jul, 2018 12:00am
Challenging prejudice against minorities

Challenging prejudice against minorities

Creditably for him, caretaker minister for law and information Ali Zafar has taken a principled stand on a fundamental rights issue. Commenting on Islamabad High Court Justice Shaukat Aziz Siddiqui's ruling - in the case of controversial changes in the le
Published 16 Jul, 2018 12:00am
Caretakers' economic mandate

Caretakers' economic mandate

The Caretakers' over-arching objective is to hold fair and free elections, keep the government ship afloat and not take any major decisions - with or without consultations with the leadership of all three national political parties. Or such appears to be
Published 16 Jul, 2018 12:00am
The VIP jailbirds

The VIP jailbirds

Marriott may be lending its segmentation expertise to prisons. From Executive suites to the economy class there are all types of prison packages available in Pakistan. While prison conditions generally are sub-human for the ordinary lawbreakers, they are
Published 16 Jul, 2018 12:00am
In storm-hit Barbuda, China fills void left by Western 'neglect'

In storm-hit Barbuda, China fills void left by Western 'neglect'

Steel drums carry a jubilant rendition of "Guantanamera" over the ruins of Barbuda's capital Codrington, as dignitaries and residents mark the latest bit of progress in the island's grueling struggle to recover from Hurricane Irma. The event celebrated a
Published 16 Jul, 2018 12:00am
Eliminating poverty

Eliminating poverty

This is apropos a Business Recorder op-ed "Imran 'quietly confident' he will be PM" carried by the newspaper on Saturday. In his interview, the PTI chairman has said that "What Pakistan has to do is follow China's example where they lift people out
Published 16 Jul, 2018 12:00am
Bilawal rejects KP government's restrictions on electioneering

Bilawal rejects KP government's restrictions on electioneering

PPP chairman Bilawal Bhutto-Zardari has rejected restrictions imposed by the Khyber Pakhtunkhwa government on the election campaign in the province. "It is fundamental right of citizens of Pakistan to run election campaign," he said, addressing a press c
Published 16 Jul, 2018 12:00am
Medical & dental colleges Entrance test postponed due to bad weather

Medical & dental colleges Entrance test postponed due to bad weather

The entrance test for admissions to Public and Private Sector Medical and Dental Colleges of Khyber Pakhtunkhwa was postponed due to heavy stormy rain in some districts particularly district Mardan, while a new schedule of the test would be announced afte
Published 16 Jul, 2018 12:00am
Mastung tragedy victims Financial assistance announced

Mastung tragedy victims Financial assistance announced

Caretaker Chief Minister (CM) Balochistan, Allauddin Marri has announced a financial assistance for families of martyrs and those injured in the Mastung tragic incident. According to an official statement here on Sunday, Allauddin Marri said a financial a
Published 16 Jul, 2018 12:00am
Dost directs use of recycling machinery for waste management

Dost directs use of recycling machinery for waste management

Caretaker Chief Minister, Khyber Pakhtunkhwa former Justice Dost Muhammad Khan has stressed the need for introduction of modern recycling machinery for the waste management, cleanliness and drain system in all cities under the local government system thro
Published 16 Jul, 2018 12:00am
Elahi criticises Shahbaz for holding admin responsible

Elahi criticises Shahbaz for holding admin responsible

Senior leader Pakistan Muslim League (PML) Chaudhry Parvez Elahi has said that the PML-N President Shahbaz Sharif is habitual of holding administration responsible for his failure and bad intention. He claimed that the Lahore show was destined to flop and
Published 16 Jul, 2018 12:00am
'Anti-state elements out to get polls postponed'

'Anti-state elements out to get polls postponed'

Caretaker Minister for Information, Broadcasting, National Heritage and Law Affairs, Barrister Syed Ali Zafar has said that anti-state elements wanted to halt elections in the country. Talking to a private news channel, he said that anti-Pakistan elements
Published 16 Jul, 2018 12:00am
Dams' fund: Amir Khan announces Rs one million donation

Dams' fund: Amir Khan announces Rs one million donation

British boxer of Pakistani descent Amir Khan has announced a donation of one million rupees for construction of dams in Pakistan. This announcement was made by the renowned pugilist in a video message. He also promised to donate millions more once he visi
Published 16 Jul, 2018 12:00am
Terrorist attacks flayed: Nation observes mourning day

Terrorist attacks flayed: Nation observes mourning day

A day of national mourning was observed across the country to express solidarity with victim families of three deadliest terrorist attacks in Balochistan and Khyber Pakhtunkhwa ahead of the July 25 general elections. In view of tragic incidents of terrori
Published 16 Jul, 2018 12:00am
'NLC Dost Recovery' service launched

'NLC Dost Recovery' service launched

National Logistics Cell (NLC) has launched a comprehensive Recovery Service of light and heavy vehicles along entire length of GT Road with an aim to enhance the efficiency and performance of the logistics industry of Pakistan and facilitate general commu
Published 16 Jul, 2018 12:00am
Punjab offers to provide treatment to victims of Mastung blast

Punjab offers to provide treatment to victims of Mastung blast

The Punjab government is ready to provide free medical treatment and other healthcare facilities to the victims of Mastung blast in the hospital all over the province. This offer has been extended by the Chief Secretary Punjab Akbar Durrani to the Chief S
Published 16 Jul, 2018 12:00am
Finished products: manufacturing process comes to a halt in Punjab

Finished products: manufacturing process comes to a halt in Punjab

The manufacturing of certain finished products, using raw material/input of brass, has come to halt due to extreme shortage of this raw material in Punjab. On the conclusion of an emergency meeting of Organization for Advancement and Safeguard Industrial
Published 16 Jul, 2018 12:00am
Finished products: manufacturing process comes to a halt in Punjab

Finished products: manufacturing process comes to a halt in Punjab

The manufacturing of certain finished products, using raw material/input of brass, has come to halt due to extreme shortage of this raw material in Punjab. On the conclusion of an emergency meeting of Organization for Advancement and Safeguard Industrial
Published 16 Jul, 2018 12:00am
Xi condoles with Mamnoon over blasts' victims

Xi condoles with Mamnoon over blasts' victims

Chinese President Xi Jinping Sunday sent a condolence message to his Pakistani counterpart, Mamnoon Hussain, over Friday's terror attack in southwestern Pakistan that killed 128 people and injured 200 others. In his message, President Xi offered his deepe
Published 16 Jul, 2018 12:00am
'Support industry' to facilitate business community on the cards

'Support industry' to facilitate business community on the cards

President Sialkot Chamber of Commerce and Industry(SCCI) Zahid Latif Malik has said that the SCCI is actively considering establishing "Support Industry" to facilitate the business community. For this purpose a proposal would soon be submitted to the fede
Published 16 Jul, 2018 12:00am
PM condoles with Raisani's family

PM condoles with Raisani's family

Caretaker Prime Minister Nasirul Mulk on Sunday arrived visited the family of Shaheed Nawabzada Mir Siraj Raisani to offer condolences over his death in a suicide bomb attack in Mastung. Senate Chairman Sadiq Sanjrani and the chief minister accompanied hi
Published 16 Jul, 2018 12:00am
Mastung attack a conspiracy to delay elections: Imran

Mastung attack a conspiracy to delay elections: Imran

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has termed the Mastung bombing a conspiracy to delay the elections. Speaking to the media during his visit to Quetta, the PTI chief said, "Pakistan's internal and external enemies are behind the Mastung a
Published 16 Jul, 2018 12:00am
Imran Calls for expediting pace of NAP

Imran Calls for expediting pace of NAP

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Sunday visited the family of slain Balochistan Awami Party (BAP) leader Siraj Raisani to express condolences over his death in a suicide bomb attack in Mastung area. Imran Khan has called for a quickening
Published 16 Jul, 2018 12:00am
Ex-minister not allowed to meet Nawaz

Ex-minister not allowed to meet Nawaz

Pakistan Muslim League-Nawaz (PML-N) leader and former CADD minister Dr Fazal Chaudhry was not allowed to meet his party supremo Nawaz Sharif in Adiala Jail on Sunday. Dr Tariq Fazal Chaudhry visited the jail and requested for a meeting with the PML-N sup
Published 16 Jul, 2018 12:00am
Ban imposed on display of arms in Sindh

Ban imposed on display of arms in Sindh

The Sindh Home Department has banned carrying and display of any kind of arms at public places in the province. The ban is in place with immediate effect till July 26, a day after the upcoming polls, according to a notification issued by the department. E
Published 16 Jul, 2018 12:00am
Iranian army chief's visit to help improve defence ties: ex-envoy

Iranian army chief's visit to help improve defence ties: ex-envoy

Former ambassador of Pakistan to Iran Javid Husain has said the visit of Chief of General Staff for Iranian Armed Forces General Mohammad Bagheri to Pakistan is a welcomed development as it would help improve the defence ties between the two friendly neig
Published 16 Jul, 2018 12:00am
Efforts afoot to address grievances of affected women: PCSW chief

Efforts afoot to address grievances of affected women: PCSW chief

Chairperson of Punjab Commission of the Status of Women Fauzia Viqar called for effective monitoring of the performance of relevant department obliged to deliver services and address the grievances of women. "Adequate efforts are being made to address the
Published 16 Jul, 2018 12:00am
PFC to donate Rs 1 millions for dams' funds

PFC to donate Rs 1 millions for dams' funds

Pakistan Furniture Council (PFC) on Sunday announced a donation of Rs 1 million for construction of Diamer-Bhasha, Mohmand dams' funds and expressed solidarity towards a noble cause raised by Chief Justice of Pakistan Mian Saqib Nisar of raising funds for
Published 16 Jul, 2018 12:00am
Kulbhushan Jadhav case: Pakistan to submit reply to ICJ tomorrow

Kulbhushan Jadhav case: Pakistan to submit reply to ICJ tomorrow

Pakistan will submit its reply to International Court of Justice (ICJ) at The Hague tomorrow (July 17) in the case of Indian spy Kulbhushan Jadhav. Diplomatic sources said that Dr Fareha Bugti, Director India at South Asia Division, Ministry of Foreign Af
Published 16 Jul, 2018 12:00am
Youth urged to use their right to vote

Youth urged to use their right to vote

Speakers discussing the issues being faced by minorities particularly young people have demanded to address the development issues of young people with allocation of appropriate resources and programmes for them. This was discussed in a dialogue held by S
Published 16 Jul, 2018 12:00am
Pakistan welcomes agreement on global compact on migration

Pakistan welcomes agreement on global compact on migration

At the United Nations (UN), Pakistan welcomed agreement on a Global Compact that sets out a framework to protect migrants, saying this marked a historic moment and triumph of multilateralism. Speaking in the final session of Intergovernmental negotiations
Published 16 Jul, 2018 12:00am
Trump brands Russia, EU and China its 'foes'

Trump brands Russia, EU and China its 'foes'

US President Donald Trump branded Russia a "foe" as he prepared Sunday to go head to head with Vladimir Putin at a historic summit clouded by Moscow's alleged manipulation of the 2016 US election. Monday's summit in Helsinki will offer Putin, a former KGB
Published 16 Jul, 2018 12:00am
House arrest confirmed for Israeli over Palestinian deaths

House arrest confirmed for Israeli over Palestinian deaths

Israel's supreme court on Sunday rejected an appeal against house arrest for an Israeli suspect in a 2015 firebombing that killed a Palestinian toddler and his parents, his lawyers said. On Thursday, an Israeli district court ordered the suspect, a minor
Published 16 Jul, 2018 12:00am
Haiti prime minister resigns after deadly unrest

Haiti prime minister resigns after deadly unrest

Embattled Haiti Prime Minister Jack Guy Lafontant resigned on Saturday following deadly violence and looting sparked by a now-abandoned plan to raise fuel prices, triggering a fraught process to form a new government. "I submitted my resignation to the pr
Published 16 Jul, 2018 12:00am
At least 15 dead in Myanmar jade mine landslide

At least 15 dead in Myanmar jade mine landslide

At least 15 people have been killed and dozens injured in a landslide at an old jade mine in northern Myanmar, state media reported on Sunday, as rains complicate the search for more victims. The accident is the latest to strike the multibillion dollar in
Published 16 Jul, 2018 12:00am
Three killed as worker opens fire at Saudi-Yemen border

Three killed as worker opens fire at Saudi-Yemen border

Three people were killed at a Yemen border crossing when a Saudi immigration worker opened fire, killing a colleague and police officer before being shot himself, Saudi authorities said Sunday. The 34-year-old employee of the Wadia crossing shot two of hi
Published 16 Jul, 2018 12:00am
May says Trump told her to 'sue the EU'

May says Trump told her to 'sue the EU'

US President Donald Trump told British Prime Minister Theresa May she should sue the European Union rather than negotiate with them, she said Sunday. May said Trump's self-declared "brutal" option in the Brexit negotiations was to sue Brussels, shedding l
Published 16 Jul, 2018 12:00am
Thousands rally in Morocco for jailed Rif opponents

Thousands rally in Morocco for jailed Rif opponents

Thousands of people demonstrated in Morocco's capital Rabat on Sunday against the jailing of leaders and activists of a northern protest movement. "The people boycott the justice system!" and "free the detainees!", yelled the protesters, AFP reporters sai
Published 16 Jul, 2018 12:00am
Church says government forces kill two on Nicaragua day of protest

Church says government forces kill two on Nicaragua day of protest

Government forces in Nicaragua shot dead two young men at a protest site at a church, the clergy said, the latest violence to hit the Central American country that has convulsed with political unrest for three months. The attack took place on the third da
Published 16 Jul, 2018 12:00am
Syria rebels begin evacuating 'cradle' of uprising in Daraa

Syria rebels begin evacuating 'cradle' of uprising in Daraa

Hundreds of Syrian rebels and their relatives left the southern city of Daraa on Sunday under a deal to bring the "cradle" of the country's uprising back under government control. The transfers came as Russian-backed government forces advanced in the neig
Published 16 Jul, 2018 12:00am
Turkey issues presidential decrees reshaping Institutions

Turkey issues presidential decrees reshaping Institutions

Turkey issued presidential decrees on Sunday reshaping key political, military and bureaucratic institutions as part of the transformation to a powerful executive presidency triggered by last month's election. President Tayyip Erdogan was sworn in on Mond
Published 16 Jul, 2018 12:00am
Turkey marks second coup anniversary

Turkey marks second coup anniversary

Turkey on Sunday commemorated the second anniversary of a bloody coup attempt which was followed by a series of purges in the public sector and changes to boost President Recep Tayyip Erdogan's powers. Two hundred and forty eight people were killed and ov
Published 16 Jul, 2018 12:00am
Violent protests in Chicago after man shot dead by police

Violent protests in Chicago after man shot dead by police

A violent clash broke out late Saturday in Chicago's predominately black South Side neighbourhood after police shot and killed a man whom they suspected was carrying a firearm. A crowd of about 150 residents shouted "murderers" and obscenities, local medi
Published 16 Jul, 2018 12:00am
North Korea, US hold talks on war dead repatriation

North Korea, US hold talks on war dead repatriation

North Korean and US military officials met Sunday to discuss repatriation of the remains of American troops killed during the Korean War, US Secretary of State Mike Pompeo said. Returning the remains of the US soldiers who perished during the 1950-53 conf
Published 16 Jul, 2018 12:00am
Hundreds of Nigerian troops missing after Boko Haram overruns base

Hundreds of Nigerian troops missing after Boko Haram overruns base

Hundreds of Nigerian troops are missing after Boko Haram jihadists overran a military base in the remote north-east, security sources said Sunday, in the second major assault on the armed forces in two days. The militants invaded a base holding more than
Published 16 Jul, 2018 12:00am
Emirati prince flees to Qatar, criticises Abu Dhabi

Emirati prince flees to Qatar, criticises Abu Dhabi

An Emirati prince is seeking asylum in Qatar after fleeing the UAE saying he feared for his life because of a dispute with the rulers of oil-rich Abu Dhabi, the New York Times reported on Sunday. Sheikh Rashid bin Hamad al-Sharqi, 31, is the second son of
Published 16 Jul, 2018 12:00am
Arrests after India mob kills man over WhatsApp child kidnap rumour

Arrests after India mob kills man over WhatsApp child kidnap rumour

Indian police said Sunday they have arrested 32 people after a man was killed by a mob in the country's latest lynching over suspicion of child kidnapping sparked by rumours on WhatsApp. The men were arrested over the murder of Google employee Mohammad Az
Published 16 Jul, 2018 12:00am
At least seven killed in suicide blast near Afghan ministry

At least seven killed in suicide blast near Afghan ministry

An apparent suicide attack close to a government ministry in the Afghan capital Kabul on Sunday killed at least seven people and wounded more than 15 as staff were leaving the office in the evening rush hour, officials said. The attack was the latest in a
Published 16 Jul, 2018 12:00am
Civilian deaths in war-torn Afghanistan hit record high: UN

Civilian deaths in war-torn Afghanistan hit record high: UN

The number of Afghan civilians killed in the country's long-running conflict hit a record high in the first six months of 2018, UN figures showed Sunday, with militant attacks and suicide bombs the leading causes of death. The toll of 1,692 fatalities was
Published 16 Jul, 2018 12:00am
DR Congo's Kabila promotes blacklisted generals in army shake-up

DR Congo's Kabila promotes blacklisted generals in army shake-up

DR Congo President Joseph Kabila replaced the country's army chief in a military shake-up at the weekend that included the promotion of two key allies on a US sanctions blacklist. The changes come as the vast African country is in the grip of a crisis ove
Published 16 Jul, 2018 12:00am
China willing to invest $3 billion in Nigerian oil operations

China willing to invest $3 billion in Nigerian oil operations

China National Offshore Oil Corp (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja. During a visit to N
Published 16 Jul, 2018 12:00am
Turkish financial watchdog cancels stock market abuse decision

Turkish financial watchdog cancels stock market abuse decision

Turkey's capital markets regulator decided on Sunday to cancel a partial suspension of a directive related to insider trading, saying "speculation and negative perceptions" of the move would have prevented the decision having its desired effect. The Capit
Published 16 Jul, 2018 12:00am
Israel inflation rate tops 1 percent for first time since 2014

Israel inflation rate tops 1 percent for first time since 2014

Israel's annual inflation rate rose for the 10th straight month in June, data from the Central Bureau of Statistics showed on Sunday, moving above the 1 percent level for the first time in more than four years. Boosted by base effects in which a large mon
Published 16 Jul, 2018 12:00am
Silicon Valley eyes Africa as new tech frontier

Silicon Valley eyes Africa as new tech frontier

With its colourful hammocks and table tennis table, a new tech hub in the Lagos metropolis wouldn't look out of place among the start-ups on the other side of the world in Silicon Valley. But the NG_Hub office is in the suburb of Yaba - the heart of Niger
Published 16 Jul, 2018 12:00am
Boeing concerned about tariff talk, but no business impact yet

Boeing concerned about tariff talk, but no business impact yet

Boeing Co is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from US-Chinese trade tensions on its business, Chief Executive Dennis Muilenburg said on Sunday.
Published 16 Jul, 2018 12:00am
Embraer pushes E2 jet's low maintenance, fuel costs amid Airbus rivalry

Embraer pushes E2 jet's low maintenance, fuel costs amid Airbus rivalry

Brazilian planemaker Embraer is pushing the low maintenance costs and fuel burn of its E2 jet as it battles tougher competition from the rival A220, now backed by Airbus, executives said on Sunday. "I'm hopeful that we'll be able to present a good showing
Published 16 Jul, 2018 12:00am
Royce plans for take-off in flying taxi market

Royce plans for take-off in flying taxi market

British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade. Rolls-Royce said on Sunday it had drawn
Published 16 Jul, 2018 12:00am
Norway oil strike to widen

Norway oil strike to widen

A Norwegian oil and gas rig workers' union prepared on Sunday to widen from midnight (2200 GMT) a six-day strike that has slightly dented Norway's oil output, saying employers had not responded to their demand for higher wages and pension benefits. "We wi
Published 16 Jul, 2018 12:00am
UAE court dismisses criminal case against Abraaj equity boss

UAE court dismisses criminal case against Abraaj equity boss

A United Arab Emirates court Sunday dismissed a criminal case against the head of embattled Abraaj private equity group over bounced cheques for millions of dollars, lawyers said. But the lawyers disagreed over whether an-out-of court deal amounted to an
Published 16 Jul, 2018 12:00am
UAE court dismisses criminal case against Abraaj equity boss

UAE court dismisses criminal case against Abraaj equity boss

A United Arab Emirates court Sunday dismissed a criminal case against the head of embattled Abraaj private equity group over bounced cheques for millions of dollars, lawyers said. But the lawyers disagreed over whether an-out-of court deal amounted to an
Published 16 Jul, 2018 12:00am
Lockheed F-35 jet price falls six percent to below $90 million

Lockheed F-35 jet price falls six percent to below $90 million

The United States has struck a preliminary deal to buy F-35 jets from Lockheed Martin worth about $13 billion, clearing the way for a larger multi-year purchase that aims to bring the cost per jet down to $80 million by 2020, sources said.
Published 16 Jul, 2018 12:00am
Lockheed F-35 jet price falls six percent to below $90 million

Lockheed F-35 jet price falls six percent to below $90 million

The United States has struck a preliminary deal to buy F-35 jets from Lockheed Martin worth about $13 billion, clearing the way for a larger multi-year purchase that aims to bring the cost per jet down to $80 million by 2020, sources said.
Published 16 Jul, 2018 12:00am
Huge iceberg off Greenland sparks flooding fears

Huge iceberg off Greenland sparks flooding fears

A massive iceberg drifting off Greenland has triggered fears of flooding if it breaks up, leading the authorities to evacuate a high-risk zone. The authorities have urged residents of the Innaarsuit island settlement with houses on a promontory to move aw
Published 16 Jul, 2018 12:00am
Sterilised mosquito trial slashes dengue spreading population

Sterilised mosquito trial slashes dengue spreading population

More than 80 percent of a dengue fever-spreading mosquito has been wiped out in an Australian town during a landmark trial scientists said on Tuesday offered hope for combating the dangerous pest globally. Researchers from Australia's national science bod
Published 16 Jul, 2018 12:00am
Multivitamin-mineral supplements do not reduce heart disease: research

Multivitamin-mineral supplements do not reduce heart disease: research

Taking multivitamins and minerals does not reduce the risk of cardiovascular disease or associated deaths, according to a new review of existing research. "There is no scientific evidence that (these) supplements promote cardiovascular health," lead autho
Published 16 Jul, 2018 12:00am
Thinking skills may suffer on hot days

Thinking skills may suffer on hot days

Heat waves can sap productivity by slowing down thinking, even in the young and healthy, a small study suggests. Harvard researchers found that during a summer heat wave, students living in dorms without air conditioning consistently scored lower on daily
Published 16 Jul, 2018 12:00am
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