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Qatar Seeking an Investment Quota of $5bn in China’s Equity Market

Qatar has said that it is applying for a license under China’s Qualified Foreign Institutional Investor (QFII) program to invest in its capital market. China has welcomed Qatar’s request and the China Securities Regulatory Commission (CSRC) said it will help

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US to invest USD 297 million on Afghanistan’s energy sector

Wahidullah Shahrani told a news conference in Kabul that the US would invest USD 297 million in establishing coal energy producing plants and iron-sulphur separation laboratories in addition to developing a gas field. The US Overseas Private Investment Corporation (OPIC)

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Abdul Rashid Dostum Alleged for Preventing Amu River oil Extraction

The Afghan National Security Council (NSC) had accused General Dostum, the former powerful Jihai commander, for intervening in the extraction process of an oil basin in northern Sar-ePul province, one of Dostum’s strongholds in northern Afghanistan. The accusation is based

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Greek PM Samaras to miss EU summit

Greece’s new Prime Minister Antonis Samaras will miss this week’s EU summit while he recovers from eye surgery, according to a government spokesman. He underwent routine surgery on Saturday for a damaged retina, with the operation said to have been

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Reduction in Europe-wide aid budgets

The Eurozone debt crisis had led to cuts in government development aid to poor countries. It is the first significant reduction for a decade led by two of the states worst affected by the crisis-Spain and Greece. “As austerity bites

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Uruzgan’s 15-km Water Canal

The project of the construction of a 15-km long water canal was launched in Tirinkot city, capital of central Uruzgan province on Monday. The World Bank-funded project would benefit thousands of people and cost USD 379,110.  The water canal starts

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Exploration on oil and gas field in Sar-e-Pul Launched

China National Petroleum Corporation (CNPC) begins oil and gas +exploration work at the Amu River basin in northern Sar-e-Pul province. The ceremony was attended by high-ranking Afghan officials including First-Vice President Marshal Mohammad Qasim Fahim, ministers of interior, finance and

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Locusts Invading Samangan Fields

Locusts from the mountains of Kunduz province are causing threats to the farmers in northern Samangan province. It is believed that locusts are migrating from the Gabar desert of Baghlan Province, Chuchal Mountains of Kunduz province and Khairabad desert of

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Priyanka’s equation with Shahrukh hasn’t changed!

Priyanka Chopra got all candid while in a chat with a film magazine. The actress spoke her heart out, taking about how she feels for SRK, issues concerning star wives, etc etc. There were reports earlier this year about how

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World Bank to Boost Access to Electricity and Clean Fuels, Renewable Energy and Energy Efficiency

  RIO DE JANEIRO, Brazil, June 21, 2012 —The World Bank Group announced today that it will boost efforts to expand energy access, while also increasing support for renewable energy and energy efficiency in developing countries, responding to UN Secretary-General

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New Road to Kunduz Airport

The construction of a new road to Kunduz airport, a Germany-funded project, inaugurated yesterday. The road is 3km long and 7 km wide, according to Jawan Shir Head of Public Works of Kunduz. The road is expected to be completed

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Nintendo Doing Up its 3DS Handheld Gaming Console

Nintendo 3DS LL, which will be known as the XL outside Japan, will have a screen twice as big as the current version. Screens on the 3DS LL will be 4.88in (124mm) and 4.18in (106mm) across as compared to 3.53in

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Economic Growth Package Proposed by Eurozone Leaders

Eurozone four leaders, German, France, Italy and Spain, sat together to discuss measures to boost Euro growth equal to 1% of the currency area’s economic output. The leaders met in Rome ahead of an EU summit on the euro crisis

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Amu River Oil Deal with China is ‘transparent’

US and British envoys to Afghanistan confirmed transparency in awarding the contract to China National Petroleum Corporation (CNPC) for oil and gas exploration in the Amu River. This comes after the Western media had rising concerns about the bidding process,

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Preity Zinta on size zero and curves!

Despite several newbies entering the Bollywood industry, Preity Zinta still remains one of our favorites. She is fit, stunning, glamorous and intelligent. To her, curves or size zero is a matter of choice, and that being curvacious is not wrong.

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Yash Chopra’s film finally named ‘Yeh Kahan Aa Gaye Hum’?

Yash Chopra’s untitled flick starring Shahrukh Khan, Katrina Kaif and Anushka Sharma in the lead, finally gets a name. The film is likely to be named ‘Yeh Kahan Aa Gaye Hum’. A source close to the unit informs, “While there

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Currency Envy: My money is bigger than yours

SINCE January 2007, one Hong Kong dollar has been worth less than one yuan. According to Joseph Yam, a former head of the Hong Kong Monetary Authority, that matters to Hong Kongers visiting mainland China. In a paper published this

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Oil Prices Plunge amid Slow Global Economic Growth

Oil traded near US$79 a barrel Friday in Asia, rising slightly after signs of slowing global economic growth triggered a sharp plunge in the oil price this week. Benchmark oil for August delivery was up 51 cents to $78.71 a

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Food Prices Escalate in Kabul

As Afghani weakens, the prices of food and other daily-use items went up during the outgoing week in Kabul. The price of a 50-kg Brazilian flour went up by 190 afs from last week’s price. The same quantity of rice

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Khaled Hosseini- Afghan Novelist

  Khaled Hosseini was born in Kabul, Afghanistan, in 1965. His father was a diplomat with the Afghan Foreign Ministry and his mother taught Farsi and History at a large high school in Kabul. In 1976, the Afghan Foreign Ministry

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Chile’s Lan and Brazil’s Tam creating the World’s Second Biggest Airline

After two years of negotiation, Chile’s Lan airline finally completed a takeover of Brazil’s Tam. The merged airline company will be known as Latam, creating the world’s second biggest airline. The new company will have its headquarters in the Chilean

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India Cement Firms Fined for Cartelization

India’s Competition Commission has imposed a collective fine of about USD 1.1 billion on 11 cement companies for price fixing. The companies are accused of reducing the quantity of supply despite the available capacity so as to raise prices. India

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Former Central Bank Governor should be Sent Back to Kabul from the US

President said in a meeting with Afghan parliamentarians that we should pressure on the US to extradite former Central Bank Governor Abdul Qadir Fitrat to Kabul. Fitrat left for the U.S. last year, because he feared for his safety after

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The Number of the rich in Asia is higher than in North America

According to the latest poll by the Royal Bank of Canada, the number of affluent people in Asia surpasses that of North America for the first time. The officials from the bank reported that the number of rich people in

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China’s Oil Imports from Iran go back to Normal

China’s imports of crude oil from Iran surge in May after a payment dispute is resolved between the two countries. Beijing saw a 35% jump on oil import from Iran from the previous month. This surge comes despite the sanctions

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