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Industries Ministry Awaits Allocation of $35m for Oil Imports

Afghanistan’s Ministry of Finance allocated US$35 million for the country to purchase oil this year, but the Ministry of Commerce and Industries officials say they still have not received it. Finance Minister Hazrat Omar Zakhilwal told TOLOnews that the money

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USAID/FAIDA Funds to Afghanistan Institute of Banking and Finance

Afghanistan Institute of Banking and Finance received a grant amount of 1.2 milliom USD from USAID/FAIDA The Afghanistan Institute of Banking and Finance (AIBF) is strengthening the financial sector through provision of long and short-term training and capacity building programme

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China's economy slows down further

Data for April shows sharper than expected declines in investment and industrial production. China’s economy is slowing down further, national figures suggest, with data for April showing sharper than expected declines in investment and industrial production. A reading of the

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China’s economy slows down further

Data for April shows sharper than expected declines in investment and industrial production. China’s economy is slowing down further, national figures suggest, with data for April showing sharper than expected declines in investment and industrial production. A reading of the

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The Islamic Republic of Afghanistan Signs agreement of (ETDB) – Istanbul

The Islamic Republic of Afghanistan has signed the Articles of Agreement establishing the ECO Trade and Development Bank (ETDB) in order to become a member of the Bank. The signing ceremony held on March 12, 2012, at the ETDB’s headquarter

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Greece: Why not let it sink?

Greece may have given us the word democracy and many of the principles of civil society. But now it is “the sick man of Europe,” and the people of other European democracies are asking whether it’s worth saving with billions

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Facebook Instagram deal delay threat

A competition probe into Facebook’s $1bn acquisition of photo-sharing service Instagram threatens to postpone the closure of the deal beyond the second quarter, the target set by the company in its initial public offering documents. The Federal Trade Commission has

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Past Decade of Development Has Not Helped Higher Education: Minister Obaid

Afghanistan’s Minister of Higher Education said Wednesday that he was concerned the successes in the country’s development over the past decade had not transferred to the higher education sector. Low quality education and inadequate resources still plague Afghanistan’s institutions, Higher

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10 Body Language Tips to Help You Land That First Job

As a new graduate, you’ve spent hours crafting the perfect resume. The format is eye-catching and the wording is practically perfect. But you’ll need much more than a well-crafted resume if you want to land that all-important first job! You

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An overview of Ministry of Finance activities in 2011-2012

Senior staff of the Ministry of Finance held their annual activity overview meeting in Kabul Intercontinental hotel for two day on 8th May 2012. Dr. Hazrat Omar Zakhilwal Minister of Finance, Deputy Ministers of Finance, Administration, Custom and Revenue, Policy,

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Sony reports record loss amid disasters and strong yen

Japanese electronics maker Sony has reported a record annual loss as natural disasters last year and a strong yen hurt its earnings. The firm reported a net loss of 456.7bn yen ($5.7bn; £3.5bn) for the year to the end of

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Drug cartels discourage saffron cultivation

Saffron is yet to emerge as a major alternative to poppy cultivation in Afghanistan due to the presence of international drug lords, who control the lucrative drug commerce, agriculture officials said on Tuesday. In 2007, Afghanistan produced 95 percent of

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China inflation rate slows to 3.4% in April

China’s inflation rate slowed in April, raising hopes that the central bank will ease its monetary policy to sustain growth. Consumer prices rose by 3.4% from a year earlier, down from 3.6% in March. The rate of inflation has now

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The Economic and Development Components of the Pact between the U.S. and Afghanistan

On May 1, 2012, President Obama and President Karzai signed the Enduring Strategic Partnership Agreement, a legally executive agreement between the Islamic Republic of Afghanistan and the United States of America. The agreement affirms the cooperation between the two sovereign

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Afghanistan no longer worst place for mothers: report

Better healthcare and more girls attending school have knocked Afghanistan from its position as the worst place on earth to be a mother, Save the Children said in a major report on Tuesday, but stressed the precarious nature of any

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China's exports and imports see slower growth

China’s export and import growth slowed in April raising fresh fears about a sharp slowdown in the world’s second-largest economy. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous

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China’s exports and imports see slower growth

China’s export and import growth slowed in April raising fresh fears about a sharp slowdown in the world’s second-largest economy. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous

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Work on significant power projects resumes

Ministry of Water and Energy officials on Wednesday said on Wednesday that work on two power projects that were delayed for security reasons had started. The projects are aimed at increasing electricity supply to Laghman and Kunduz provinces. In an

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Chinese Bank Approved to take over a US bank

Industrial and Commercial Bank of China (ICBC) has been given the nod to take over a US bank, the first such US approval for a Chinese firm. The US Federal Reserve approved state-owned ICBC’s plans to acquire the US subsidiary

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Lack of Trust Hurting Greek Economy

While Greece’s financial stability is the most obvious and immediate concern, confidence—or a lack thereof—is a major issue and a growing part of the equation as the rest of the world’s leaders circle the wagons in an effort to rescue

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Five Tips to Inspire Innovation at Your Small Business

In today’s marketplace, product life cycles are shrinking, global trade is leading to growing competition and the internet has lowered barriers to entry in many industries. So the need for innovation is more vital than ever. How can you kick

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Asian markets join global sell-off on Greece concerns

Asian markets have dropped, tracking falls in Europe and the US, amid political uncertainty in Greece. Greece’s left-wing Syriza bloc is trying to form a government and its leader is opposed to the austerity terms set in the Greek bailout

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Air India cancels more flights amid pilot protest

Protests by some Air India pilots have entered their second day with more international flights cancelled from Delhi and Mumbai, reports say. An Air India spokesman said three international flights to Singapore, New York and Newark have been cancelled. Earlier

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UN distributes aid to internally displaced families in Balkh

9 May 2012 – The United Nations has distributed humanitarian aid to 175 internally displaced families in the northern province of Balkh who were forced to leave their home due to ongoing drought and insecurity. The families from Tandorak village in

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Top British insurance firm's CEO steps down

Aviva announces chief executive’s departure amid concerns for hefty pay for bosses perceived to be underperforming. Andrew Moss is to be replaced by chairman John McFarlane who will also be tasked with finding a new CEO. The head of Britain’s

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