标签: Asia

亚洲

  • Indian rupee nears Rs25 per UAE dirham; GCC expats could see remittance gains

    Indian rupee nears Rs25 per UAE dirham; GCC expats could see remittance gains

    The Indian rupee is approaching a psychologically significant threshold of 25 against the UAE dirham, creating favorable conditions for expatriate workers across the Gulf Cooperation Council (GCC) region. This currency movement signals potential gains for remittance flows as overseas earners benefit from improved exchange rates.

    Current trading positions the rupee at approximately 90.87 against the US dollar, translating to a UAE dirham rate between 24.70 and 24.75 rupees. Market analysts project further depreciation potentially reaching 92 rupees per dollar, which would push the dirham beyond the unprecedented 25-rupee benchmark. This development would substantially increase the rupee value of monthly transfers sent home by millions of GCC-based workers.

    The Reserve Bank of India (RBI) has indicated a flexible approach to currency management. Governor Sanjay Malhotra clarified that the central bank does not target specific exchange levels, focusing instead on curbing excessive volatility rather than defending psychological thresholds. This policy stance reflects India’s commitment to market-driven exchange rates while maintaining financial stability.

    Several factors contribute to the rupee’s downward trajectory, including global dollar strength, sustained foreign investor outflows, and widening external imbalances. The currency recorded its most significant annual decline in three years during 2025, falling 4.72 percent to close at 89.87 against the dollar—the weakest performance since 2022.

    Economists note that unlike the 2022 currency crisis driven by Federal Reserve rate hikes, the current depreciation occurs despite a 9.5 percent decline in the dollar index. This divergence suggests domestic and regional factors are increasingly influencing the rupee’s trajectory. IDFC First Bank economist Gaura Sen Gupta describes the situation as “largely a capital-flow story” with the RBI adopting a more pragmatic approach to currency management.

    Despite short-term pressures, India’s macroeconomic fundamentals remain robust. The country maintains substantial foreign exchange reserves of approximately $690 billion, coupled with high growth rates and relatively manageable inflation. The RBI governor noted that the rupee’s average annual depreciation of about 3 percent aligns with historical patterns given India’s inflation differential with advanced economies.

    For GCC expatriates, the currency movement translates to tangible financial benefits. Each incremental decline in the rupee’s value amplifies remittance purchasing power, potentially generating thousands of additional rupees annually for families managing education, housing, and healthcare costs in India.

  • Iranian official says at least 5,000 killed in protests

    Iranian official says at least 5,000 killed in protests

    In a rare official disclosure, an anonymous Iranian authority confirmed on Sunday that at least 5,000 individuals perished during recent anti-government demonstrations that swept across the nation. The protests, initially triggered in late December by widespread discontent with Iran’s deteriorating economic conditions, rapidly evolved into nationwide mobilizations demanding governmental overthrow.

    The administration responded with severe suppression tactics, including a comprehensive internet blackout initiated on January 8th that isolated the country from global communications. Multiple sources documented security personnel employing live ammunition against demonstrators, with the northwestern Kurdish regions experiencing particularly intense violence due to historical tensions between separatists and governmental forces.

    The official attributed the substantial death count to “terrorists and armed rioters” allegedly supported by “Israel and armed groups abroad,” claiming these elements killed “innocent Iranians.” This statement represents the first governmental effort to quantify the human cost of the unrest, though independent organizations present conflicting statistics. US-based HRANA documented 3,090 verified fatalities, while Oslo-based Iran Human Rights NGO reported evidence of execution-style killings against wounded protesters.

    Supreme Leader Ayatollah Ali Khamenei publicly acknowledged the crisis on Saturday, referencing “several thousand” casualties while assigning full responsibility to the United States. Khamenei specifically denounced President Donald Trump as “criminal” for allegedly instigating the violence, destruction, and social turmoil. Despite Trump’s threats of “very strong action” should Iran execute detained protesters, Iranian officials subsequently denied any plans for such measures.

    Recent developments indicate a potential de-escalation, with Tehran residents reporting diminished protest activity and partial restoration of internet and SMS services, though connectivity remains approximately 2% of normal levels according to monitoring group NetBlocks.

  • Syrian army gains ground as Kurdish forces withdraw from key oil field

    Syrian army gains ground as Kurdish forces withdraw from key oil field

    In a significant shift of territorial control, Kurdish-led Syrian Democratic Forces (SDF) withdrew from Syria’s largest oil field on Sunday amid expanding government military operations across northern and eastern regions. The al-Omar oil field, previously housing the largest US military base in Syria, was evacuated by SDF units at dawn according to the Syrian Observatory for Human Rights monitoring group.

    The government offensive has reclaimed numerous strategic locations including two neighborhoods in Aleppo following recent clashes, along with territories east of the city and the Tabqa area in Raqqa province. This advance marks the government’s most substantial gain in predominantly Arab territories that had been under Kurdish control since the campaign against Islamic State.

    The withdrawal follows the collapse of a negotiated agreement for Kurdish forces to retreat to areas east of the Euphrates River. Both sides reported casualties and exchanged accusations regarding which party violated the arrangement. The Kurdish administration claimed government forces launched attacks across multiple fronts, while the Syrian army asserted that SDF fighters failed to honor their commitment to completely withdraw east of the river.

    In response to the escalating situation, Kurdish authorities implemented a curfew in Raqqa province after the army designated the southwestern Euphrates region as a “closed military zone.

    Concurrently, President Ahmed al-Sharaa issued a decree granting official recognition to Kurdish rights, interpreted as a goodwill gesture amid the government’s push to reassert authority nationwide. However, the Kurdish autonomous administration, which controls substantial territory in northeast Syria, dismissed the announcement as insufficient, noting that implementation of agreements to integrate Kurdish forces into the state structure has remained stalled for months.

  • Iranian official says verified deaths in Iran protests reach at least 5,000

    Iranian official says verified deaths in Iran protests reach at least 5,000

    An unnamed Iranian official has disclosed that government-verified fatalities from recent civil unrest have reached approximately 5,000 casualties, according to a Sunday statement to Reuters. The official indicated that security personnel accounted for roughly 500 of these deaths, while attributing the remaining civilian casualties to what authorities describe as “terrorists and armed rioters.”

    The northwestern Kurdish regions experienced the most severe violence, with the official noting these areas witnessed both the most intense clashes and highest concentration of fatalities. This region has historical significance as a center of Kurdish separatist activity and has consistently been the epicenter of violent confrontations during previous periods of civil unrest.

    While the official suggested the final death toll would not increase substantially, the statement contradicted reports from international monitoring organizations. The US-based HRANA rights group documented 3,308 confirmed fatalities with an additional 4,382 cases undergoing verification, alongside more than 24,000 confirmed arrests.

    The Iranian government maintains its longstanding position that foreign adversaries have instigated the unrest. The official specifically cited Israel and overseas armed groups as providing support and equipment to protesters. This accusation aligns with Tehran’s frequent attribution of domestic opposition to external forces, particularly its regional arch-rival Israel, which conducted military strikes against Iranian targets in June.

    Norwegian-based Hengaw, an Iranian Kurdish rights organization, corroborated reports of particularly violent clashes in northwestern Kurdish areas since protests initially erupted in late December. The disclosure comes amid increasing international diplomatic pressure, with several nations including New Zealand and Slovakia temporarily closing their Iranian diplomatic missions.

  • Indonesia finds one body from surveillance plane wreckage; passenger count revised to 10

    Indonesia finds one body from surveillance plane wreckage; passenger count revised to 10

    Indonesian rescue authorities confirmed on Sunday the discovery of wreckage from a fisheries surveillance aircraft that crashed into a mountainside in South Sulawesi province, recovering one victim’s body from the devastating scene. The ATR 42-500 turboprop, operated by Indonesia Air Transport and chartered by the Marine Affairs and Fisheries Ministry, had vanished from radar contact Saturday afternoon during its surveillance mission.

    Search and rescue operations involving approximately 1,200 personnel successfully located the fragmented remains of the aircraft scattered across the rugged terrain of Mount Bulusaraung near the Maros region. Initial helicopter reconnaissance teams spotted critical components including aircraft windows at 7:46 AM local time, followed by identification of the main fuselage and tail section minutes later.

    Officials revised the passenger manifest downward from initial reports, confirming three fisheries ministry staff members and seven crew members aboard the ill-fated flight. The aircraft had been conducting aerial surveillance operations over fisheries before its scheduled arrival in Makassar, South Sulawesi’s capital.

    Rescue efforts faced significant challenges due to persistently thick fog and the mountain’s treacherous topography. The recovered victim was located in a ravine approximately 200 meters from the mountain’s peak, while the condition of the remaining nine individuals remains unknown.

    Soerjanto Tjahjono, head of Indonesia’s National Transportation Safety Committee (KNKT), characterized the incident as ‘controlled flight into terrain,’ indicating the pilot maintained aircraft control until impact. Aviation investigators have not yet determined the precise causal factors behind the crash, though experts note most aviation accidents result from multiple contributing elements.

    The tragedy marks Indonesia’s first fatal ATR 42 accident since 2015, when another turboprop crashed in Papua province claiming 54 lives. Flight tracking data indicated the surveillance aircraft had been operating at low altitude over ocean waters prior to losing signal approximately 20 kilometers northeast of Makassar airport.

  • Trump wants nations to pay $1bn to join Gaza ‘Board of Peace’: report

    Trump wants nations to pay $1bn to join Gaza ‘Board of Peace’: report

    Former U.S. President Donald Trump is soliciting nations to contribute $1 billion in cash for permanent membership in his proposed ‘Board of Peace,’ according to a draft charter obtained by Bloomberg. The initiative, positioned as an alternative to traditional international institutions, would establish Trump as the inaugural chairman with veto authority over membership decisions.

    The charter outlines a three-year provisional membership for participating states unless they fulfill the substantial financial requirement within the first year, thereby securing permanent status. The document criticizes existing international bodies for frequent failures and emphasizes the need for “a more nimble and effective international peace-building body.”

    Several world leaders have already received invitations to join this Gaza-focused initiative, which aims to oversee reconstruction and temporary governance in the conflict-ridden territory. Egypt, Turkey, Argentina, and Canada confirmed receipt of invitations over the weekend, with responses ranging from cautious consideration to enthusiastic acceptance. Jordan’s foreign ministry announced King Abdullah’s invitation on Sunday, noting they were reviewing documents through legal channels.

    The board’s operational structure includes seven primary members: former UK Prime Minister Tony Blair, U.S. Secretary of State Marco Rubio, special envoy Steve Witkoff, World Bank President Ajay Banga, and Trump’s son-in-law Jared Kushner. Day-to-day operations will be managed by senior advisers Aryeh Lightstone and Josh Gruenbaum, with Bulgarian diplomat Nicholay Mladenov serving as Gaza high representative.

    However, the proposal faces significant international skepticism. Anonymous sources indicate that most potential member nations would find Trump’s personal control over membership fees unacceptable. Several European nations have reportedly received invitations but remain non-committal amid concerns about the board’s structure and financing model.

    Blair’s involvement particularly raises concerns in the Middle East due to his controversial role in the 2003 Iraq invasion. Meanwhile, U.S. officials suggest the substantial membership fees would fund the board’s Gaza reconstruction mandate, though specific financial controls remain undefined in the draft charter.

  • Pakistan: Massive fire kills 6 in Karachi, destroys Gul Plaza

    Pakistan: Massive fire kills 6 in Karachi, destroys Gul Plaza

    A catastrophic fire has devastated the historic Gul Plaza shopping mall in Karachi’s central business district, resulting in six confirmed fatalities and multiple injuries. The blaze ignited on Saturday evening at approximately 10:38 PM local time, rapidly consuming the commercial structure despite intensive firefighting efforts throughout the night.

    Emergency response teams from Rescue 1122 encountered extreme conditions upon arrival, with flames already engulfing multiple levels of the building. Spokesperson Hassanul Haseeb Khan reported that the inferno had spread from ground-level shops to upper floors with alarming speed, overwhelming initial containment measures.

    Medical authorities at Karachi’s Civil Hospital confirmed receiving six casualties while treating eleven injured individuals. Police surgeon Dr. Summaiya Syed indicated that mass disaster protocols had been activated in response to the scale of the emergency.

    Visual documentation from the scene revealed extensive structural damage, with numerous shops completely destroyed and sections of the building facing potential collapse. The incident has drawn significant public attention, with hundreds of local residents and business owners gathering at the perimeter as firefighters continued containment operations into Sunday.

    The tragedy highlights ongoing concerns regarding fire safety protocols in densely populated commercial districts throughout Pakistan’s largest metropolitan area. Investigation into the fire’s origin and the structural integrity of remaining portions of Gul Plaza continues as authorities assess the full extent of the damage.

  • Ex-Pakistan PM Nawaz Sharif’s grandson’s bride weds in stunning Sabyasachi, Tarun Tahiliani outfits

    Ex-Pakistan PM Nawaz Sharif’s grandson’s bride weds in stunning Sabyasachi, Tarun Tahiliani outfits

    LAHORE: The wedding of Junaid Safdar, grandson of former Pakistani Prime Minister Nawaz Sharif, became an unexpected fashion spectacle as bride Shanzay Ali Rohail showcased ensembles from two of India’s most celebrated designers during the weekend celebrations. The high-profile union, held at the Sharif family’s Jati Umra residence on Saturday, attracted numerous political figures while simultaneously generating significant buzz in fashion circles.

    Breaking from conventional Pakistani bridal expectations, Rohail demonstrated sophisticated sartorial judgment by selecting pieces from Sabyasachi Mukherjee and Tarun Tahiliani—designers renowned for their craftsmanship and cultural aesthetic. Her choices reflected a preference for understated elegance rather than ostentatious displays, focusing instead on exquisite detailing and luxurious fabrics.

    For the Mehndi ceremony, the bride appeared in a Sabyasachi lehenga characterized by contrasting color palettes, meticulous threadwork, and a substantial gold border that unified the entire ensemble. The outfit was complemented by dual dupattas in forest green and soft rose tones, while the intricately embroidered blouse echoed the skirt’s elaborate patterns.

    The wedding ceremony witnessed a dramatic transformation in style as Rohail adopted a timeless aesthetic with a deep red saree by Tarun Tahiliani. The traditional garment was accessorized with a coordinated potli bag and magnificent diamond jewelry featuring a prominent emerald at the center of a choker necklace.

    The strategic selection of Indian designers for this politically significant Pakistani wedding highlights the transcending power of fashion beyond geographical and diplomatic boundaries. The presence of numerous political dignitaries at the ceremony further underscored the event’s importance within Pakistan’s social and political landscape.

  • Factory explosion occurs in Baotou, North China’s Inner Mongolia

    Factory explosion occurs in Baotou, North China’s Inner Mongolia

    A significant industrial explosion struck a manufacturing facility in Baotou City, located within China’s Inner Mongolia Autonomous Region, on Sunday afternoon. The incident occurred at approximately 3:00 PM local time, according to statements released by regional authorities.

    The detonation produced substantial shockwaves that reverberated throughout adjacent neighborhoods, with multiple sources confirming perceptible ground vibrations in the vicinity. Emergency response teams promptly mobilized to the scene following the explosion, initiating comprehensive search and rescue procedures.

    Current official communications indicate that the precise number of potential injuries or fatalities remains undetermined as rescue activities continue. The specific cause of the catastrophic explosion has not been immediately established, with investigations anticipated to commence once the emergency situation stabilizes.

    Baotou, recognized as one of Inner Mongolia’s primary industrial centers, hosts numerous manufacturing and processing facilities. This incident represents one of the most serious industrial accidents reported in the region in recent months. Local governmental agencies have activated appropriate emergency protocols while maintaining close coordination with industrial safety regulators.

    The explosion’s environmental impact and potential structural damage to surrounding infrastructure are currently being assessed by specialized teams. Further developments are expected as rescue operations progress and preliminary investigation findings become available.

  • $1 billion gets a permanent seat on Trump’s ‘Board of Peace’ for Gaza, as India and others invited

    $1 billion gets a permanent seat on Trump’s ‘Board of Peace’ for Gaza, as India and others invited

    The United States has extended invitations to at least six additional nations to join President Donald Trump’s newly proposed ‘Board of Peace,’ an international leadership consortium designed to oversee post-conflict procedures in Gaza while demonstrating aspirations for a expanded role in global governance. According to an anonymous U.S. official familiar with the unpublished charter, permanent membership requires a $1 billion contribution directed toward Gaza’s reconstruction, while non-contributing members receive three-year appointments.

    Hungarian Prime Minister Viktor Orbán, among Trump’s most steadfast European allies, has formally accepted participation, as confirmed by Foreign Minister Péter Szijjártó during a state radio broadcast. India has likewise received an invitation, according to senior governmental sources speaking under anonymity. Jordan, Greece, Cyprus, and Pakistan similarly acknowledged receipt of invitations on Sunday, joining previously announced invitees including Canada, Turkey, Egypt, Paraguay, Argentina, and Albania.

    The board’s establishment coincides with the delicate second phase of the October 10 ceasefire, encompassing responsibilities ranging from forming a new Palestinian administrative committee in Gaza to deploying international security forces, facilitating Hamas disarmament, and supervising territorial reconstruction. In invitation correspondence dispatched Friday, Trump characterized the initiative as a ‘bold new approach to resolving global conflict,’ potentially positioning it as an alternative to the United Nations Security Council.

    The Security Council has faced repeated deadlocks over Gaza intervention due to U.S. vetoes, compounded by significant funding reductions implemented by the Trump administration. Although the Council previously endorsed the 20-point U.S. ceasefire plan incorporating the board’s creation, Israel has expressed objections to the recently announced executive committee, citing lack of coordination and policy conflicts.

    The executive leadership includes U.S. Secretary of State Rubio, Trump envoy Steve Witkoff, senior advisor Jared Kushner, former British Prime Minister Tony Blair, World Bank President Ajay Banga, deputy national security adviser Robert Gabriel, and Israeli billionaire Yakir Gabay. Representatives from ceasefire monitoring nations Qatar, Egypt, and Turkey complete the committee, with Turkey’s dual rapport with Israel and Hamas potentially proving instrumental in negotiation proceedings.

    The official membership roster is anticipated to be unveiled during the forthcoming World Economic Forum assembly in Davos, Switzerland.