INSEAD Day 4 - 728x90

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

IS says its fighters attacked Kabul power lines

Afghanistan is largely reliant on electricity imported from its northern neighbors Uzbekistan and Tajikistan.
  • The power cut on Thursday was a further blow to Taliban efforts to stabilize Afghanistan two months after they seized control
  • The explosion hit a high-voltage line supplying imported power to Kabul and some other provinces

The Islamic State militant group’s Afghan branch on Friday said it was behind an explosion that brought down electricity lines and plunged Kabul into darkness.

The power cut on Thursday was a further blow to Taliban efforts to stabilize Afghanistan two months after they seized control.

In a statement published on its Telegram channels, Islamic State-Khorasan (IS-K) said “the soldiers of the caliphate detonated a bomb on an electricity pylon in Kabul” to damage the electricity sector.

The explosion hit a high-voltage line supplying imported power to Kabul and some other provinces.

Afghanistan is largely reliant on electricity imported from its northern neighbors Uzbekistan and Tajikistan, making cross-country power lines a prime target for insurgents.

The Taliban has promised to fight IS-K but the group has continued to carry out devastating atrocities.

Earlier this week, IS-K said it was behind a suicide bombing of a Shiite mosque in the southern city of Kandahar on October 15 that killed 60 people.