Yemeni military official survives car bombing

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Sanaa, May 16 | A senior official of Yemeni armed forces survived a car bombing in the country’s southern port city of Aden, a security source said.

“The convoy of General Ali Saleh Hassan, chief of the Joint Military Operations Authority, was struck by a car bomb while passing through the main road in Aden’s district of Al-Mualla,” the source told Xinhua news agency.

Based on initial information, the attack occurred around Sunday noon when a parked booby-trapped car exploded and targeted Saleh’s convoy, he said.

He confirmed that Saleh survived the car bombing attack unharmed, and no casualties were reported among his bodyguards.

Local residents confirmed to Xinhua that the blast sent a column of thick smoke into the sky and caused panic and damage to nearby vehicles.

No group has claimed responsibility for the blast so far, but local security sources blamed terror groups for being behind the incident.

Considered Yemen’s temporary capital city, Aden is where the Saudi-backed Yemeni government has based itself since 2015.

Local authorities are trying to maintain security and stability in Aden. However, sporadic bombing incidents and drive-by shooting attacks still occur in the strategic Yemeni port city.

Yemen has been mired in a civil war since late 2014, when the Houthi rebels seized control of several northern provinces and forced the internationally-recognized government out of the capital Sanaa.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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