Tag: Turmoil

Afghanistan political turmoil deepens as regional leader ousted

KABUL: One of Afghanistan’s most powerful regional politicians was ousted as governor of the northern province of Balkh on Monday, setting up a confrontation that...

Two years after Morsi, Egypt stuck in turmoil

Two years after the army deposed president Mohamed Morsi, Egypt is roiled by brazen Islamic State (IS) group attacks in the Sinai Peninsula and...

‘Secularism only remedy to present turmoil in Pakistan’

Pakistan can not come out of its present turmoil unless its society and polity are organized on genuine democratic and secular values, declared the...

Another brick in the wall

Stocks rose on Friday on optimism major world central banks will take coordinated action if the closely watched election in Greece this weekend results...

Bank of Japan holds off fresh easing measures

Japan's central bank on Friday held off fresh easing measures, despite mounting pressure to act amid growing fears that eurozone turmoil will damage a...

World leaders vow to combat financial turmoil, back Greece

World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing...

Egypt ruler, political heads meet on poll turmoil

Egypt’s political leaders met on Sunday after next month’s presidential election was thrown into turmoil with key candidates disqualified and the fate of a...

The tyranny of history

How our servile attitude has led us to nowhere With the US-Pakistan relationship in turmoil, and hopefully resetting itself to a healthier, more equitable and...

Rich run for cover as turmoil hits wealth

The world's wealthiest families have embarked on damage limitation rather than seeking to boost their fortunes as financial turmoil erodes their riches, with some...

Turmoil in global equity markets

The KSE100 index rebounded on Wednesday, as the global indices recovered on the back of US Federal Reserve pledging to keep interest rates at...

Oil near two and a half year peak amid Middle East...

LONDON - Oil prices stayed near a two and a half year peak supported by widespread unrest in the Middle East and North Africa and dollar weakness ahead of Europe's central bank rate decision on Thursday.
Brent crude traded above $122 a barrel with US crude at $108.5 a barrel and broadly flat. The European central bank is expected to raise interest rates by 0.25 percent on Thursday in the first hike since the 2008 financial crisis. The expectations have propelled the euro to a

‘Turmoil lifts oil prices by around 20pc’

KUWAIT CITY - The Kuwait Petroleum Corporation (KPC) CEO Faruk Al-Zanki said, on Monday, that unrest in the Mideast and North Africa has lifted oil prices by around 20 percent.
Zanki said on the sidelines of an oil and gas summit that oil prices would hike further if the turmoil covers all over Middle East - that houses several of the world's main oil exporters. Earthquake in Japan also helped lift prices, said Zanki, who opened the two day summit with Venezuelan former Energy

Bahraini FM arrives amidst turmoil back home

ISLAMABAD - Amidst turmoil and mayhem back home, Bahrain's Foreign Minister Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa arrives here today (Monday) on a two-day visit to discuss his country's current situation with top Pakistani leadership.
Bahrain, the Persian Gulf state has old friendly relations with Pakistan based on the spirit of brotherhood and cooperation. There are currently around 65 thousand Pakistanis living in Bahrain with scores of them part and parcel of

Kenya in turmoil ahead of Sri Lanka clash

COLOMBO - Kenya face double trouble ahead of their all-important World Cup Group A match against Sri Lanka here on Tuesday, as they counter formidable opponents and differences between players and coach. Kenya have lost both their matches at the tournament, going down by 10 wickets against New Zealand, after being shot out for just 69, before slumping to a 205-run loss to Pakistan.
Adding to their problems, reports have emerged of internal divisions within the squad. Cricket

Israel says ‘no link’ of Palestine issue in Arab turmoil

BRUSSELS - Israeli Foreign Minister Avigdor Lieberman, on Tuesday said there was "no linkage" between turmoil in the Arab world and the Israeli-Palestinian conflict as the EU pressed for quick progress on peace talks to ensure stability.
"The Israel-Palestinian conflict is not the main issue, not the main problem," Lieberman said after talks in Brussels on EU-Israeli ties."The main reason for instability is poverty, misery, inefficient government," he said at a press conference

Anger, grief and hatred as Mideast turmoil mounts

CAIRO - The Middle East boiled with anger as protesters trying to topple more of the region's rulers staged fresh mass demonstrations after Friday prayers and buried the victims of crackdowns by embattled regimes. A week on from the overthrow of Egypt's president Hosni Mubarak, hundreds of thousands flooded Cairo's iconic Tahrir Square to celebrate his departure.
But elsewhere in the Middle East, a sense of anger, grief and hatred pervaded at the end of a week which has seen

World Social Forum starts as turmoil strikes Arab world

DAKAR - Some 10,000 people marched through Dakar on Sunday at the start of the annual World Social Forum, an annual leftist gathering taking place as anti-government protests sweep the Arab world. The 11th edition of the forum, an alternative to the elite World Economic Forum held in the posh Swiss ski resort of Davos last week, brings together anti-globalisation activists opposed to capitalism.
This year participants are focusing on the popular revolt spreading across northern