ISIL blast kills 25 as Afghanistan extends Taliban ceasefire

Al Jazeera
June 17, 2018

kabul, Jun 17: The Islamic State of Iraq and the Levant (ISIL, also known as ISIS) group has claimed responsibility for a suicide bombing that killed at least 25 people in the eastern Afghan province of Nangarhar.

The group's Amaq website said the attack on Saturday targeted "a gathering of Afghan forces" in Nangarhar, but gave no details.

According to Attaullah Khogyani, the provincial governor's spokesman, the attack happened in Rodat district, some 25km from Jalalabad, and wounded more than 54 people.

Civilians, security forces and Taliban members were among the casualties as people celebrated the second day of Eid al-Fitr, marking the end of the Muslim holy month of Ramadan.

Speaking from Afghanistan's capital, Kabul, Al Jazeera's Jennifer Glasse described the bombing as a "very devastating blow" for the "unprecedented gathering of the Taliban and Afghan security forces in Jalalabad".

Extension of government ceasefire

The attack came as Afghan President Ashraf Ghani announced the government's extension of a ceasefire with the Taliban, without giving a timeframe.

In a televised address to the nation, Ghani called for the Taliban to also extend the truce, which is due to expire on Sunday after both sides agreed to halt hostilities for Eid.

Ghani also said that in the spirit of Eid and the ceasefire, the attorney general's office had released 46 Taliban prisoners.

The Taliban had announced a ceasefire for the first three days of Eid, which started on Friday, promising not to attack Afghan security forces for the first time since the 2001 US invasion.

That came after Ghani said that security forces would temporarily cease operations against the Taliban for eight days, starting last Tuesday - though he warned that operations against other fighters, including the Islamic State of Iraq and the Levant group, would continue.

Governors in Helmand, Kandahar and Zabul said both sides had adhered to the ceasefire.

In his speech, Ghani also touched upon the subject of regional influences and international forces in Afghanistan.

"The Afghan government is ready to discuss the roles of neighbouring countries and the presence of international forces, their roles and the future destiny of them," he said.

Mike Pompeo, the US secretary of state, welcomed Ghani's remarks.

"We support President Ghani's offer to extend the ceasefire and begin peace talks," Pompeo said in a statement.

"As President Ghani emphasised in his statement to the Afghan people, peace talks by necessity would include a discussion of the role of international actors and forces. The United States is prepared to support, facilitate, and participate in these discussions."

NATO forces also expressed their support for an extension to the ceasefire.

"This is a unique opportunity for the Taliban to show they want the peaceful future that the Afghan people demand and deserve," NATO Secretary-General Jens Stoltenberg said.

"There seems to be some momentum for peace," Al Jazeera's Glasse said.

"The government's gamble to issue a unilateral ceasefire paid off with this Taliban ceasefire, and now everyone is going to wait and see what the Taliban is going to do."

Omar Samad, a former adviser to the chief executive of Afghanistan, told Al Jazeera that the suicide bombing was a reminder to everyone in the country, including the Taliban, of the "existentialist threat on our doorstep".

What we saw today is a reminder that ISK (the Islamic State branch in Afghanistan) is a potent threat, that something needs to be done about it," Samad said, speaking from Washington DC.

"Maybe the Taliban and the Afghan government can come to terms on how to deal with the Islamic State," he added.

"That could be a historic point for maybe a dialogue between the two sides. If that happens then I think that Afghanistan has better days ahead. "

 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 27,2020

Bengaluru, May 27: Karnataka Chief Minister Yediyurappa on Wednesday said that his government will re-open temples, mosques and churches in the state after May 31.

"We are going to open temples, mosques and churches in the state after May 31, he said while speaking to media in Bengaluru.

The Chief Minister added that the "guidelines will be followed" as suggested by experts for opening the worship places.

"We have no objections to open malls and cinema halls, but we are waiting for the guidelines of the central government, Prime Minister will take decisions to allow malls and cinemas to open," he added.

Yediyurappa has said that people from Gujarat, Maharashtra, Kerala and Tamil Nadu will not be allowed in the state till May 31.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.