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Afghan Foreign Minister to Attend the World Economic Forum in Turkey

Foreign Minister Zalmai Rassoul is going to attend the World Economic Forum on Middle East, North Africa and Eurasia in Istanbul on Sunday. The theme of forum is “Roadmaps for Reform, Pathways to Inclusive Growth” and will therefore convene over

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Weak US job figures for May hit markets

Stock markets have fallen following worse-than-expected US job figures. The Dow Jones closed down 275 points, or 2.2%, while in Frankfurt the Dax was down 3.4%, in Paris the Cac 40 fell 2.2% and London’s FTSE 100 lost 1.1%. The

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'Get Rich by 2014'!

  Afghanistan’s Squandered Foreign Aid Has Young Businessmen Worried About Future KABUL, Afghanistan — About three years ago, Abdul Fattah grew tired of seeing his cousins driving fancy cars, impressing girls and earning the respect of strangers, and decided it

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‘Get Rich by 2014’!

  Afghanistan’s Squandered Foreign Aid Has Young Businessmen Worried About Future KABUL, Afghanistan — About three years ago, Abdul Fattah grew tired of seeing his cousins driving fancy cars, impressing girls and earning the respect of strangers, and decided it

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Rising Economic Concerns for Pakistan in the Coming Year

A number of news sources in the West have reported that Pakistan would most likely face serious economic problems in the coming year and might not be able to fulfill their obligations towards other countries. According to the resources, economic

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Afghans Complain about oil price increase

According to reports, Afghan households are unhappy about soaring oil prices in the country. Although the government has repeatedly spoken about making efforts to decrease oil prices, a large of people, taxi drivers in particular, complain about high prices of

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President Karzai calls for strengthening of carpet industry

As the concerns over discoloring of Afghan carpets and receding condition of the carpet industry have increased, President Karzai has called on all Afghans to cooperate in strengthening the industry. President Karzai in his latest statement on radio, which was

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India growth rate slows to 5.3% in first quarter

Indian economy grew at the slowest rate since 2003 in the first three months of 2012, due to a widening trade gap and poor investment. India’s gross domestic product (GDP) grew by 5.3% in the quarter compared with a year

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Eurozone Unemployment at 11%

Unemployment in the eurozone was 11% in April, unchanged from March, but still the highest since records began in 1995. Spain had the highest rate in the eurozone at 24.3%, while Austria had the lowest at 3.9%, according to the

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Afghan Agriculture Minister Requests for Expanding Market for Agricultural Products

 The fourth meeting between officials of the Ministry of Commerce and Agriculture for raising the level of marketing of agricultural products was held in Kabul. The officials from both ministries requested national businessmen to make more efforts in investing in

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Why did Sonam Kapoor call Katrina Kaif shameless?

Sonam Kapoor while talking to a journalist in Cannes, allegedly called Katrina Kaif “shameless”. So what did Sonam mean by that nasty comment? Well, the actress was talking about Katrina Kaif not knowing good hindi, yet making it bi9g in

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Spain denies 'senseless' IMF bailout rumours

Spain’s economy minister has dismissed talk of it seeking a bailout from the International Monetary Fund (IMF) as “senseless”. And the IMF denied that Spain had asked to discuss rescue loans. The IMF has contributed to bailouts of all the

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Spain denies ‘senseless’ IMF bailout rumours

Spain’s economy minister has dismissed talk of it seeking a bailout from the International Monetary Fund (IMF) as “senseless”. And the IMF denied that Spain had asked to discuss rescue loans. The IMF has contributed to bailouts of all the

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US economic growth slower than thought in first quarter

The US economy grew at an annualised 1.9% in the first three months of 2012, less than the 2.2% first thought. The slower growth rate – which was in line with forecasts – followed a modest downward revision in consumer

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US to Most Likely Cut Off Aid to Pakistan

America’s Republican Senator, Rand Paul, called for complete withdrawal of financial aid to Pakistan until they release the doctor who aided American intelligence efforts that led U.S. forced to Osama bin Laden’s compound. “I think we need to negotiate from

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Zabul’s New Agriculture Institute

An agriculture institute was inaugurated in southern Zabul province for high school graduates. Ministry of Higher Education ordered the construction of the agriculture institute earlier this year, said Najeebullah, an official at the Zabul education department. The institute would offer

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China's factory activity weakest this year

Activity in China’s biggest and mainly state-owned factories has hit the lowest point this year due to weak domestic demand. China’s purchasing managers index (PMI), which measures activity in factories, fell to 50.4 in May, official data showed. It is

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China’s factory activity weakest this year

Activity in China’s biggest and mainly state-owned factories has hit the lowest point this year due to weak domestic demand. China’s purchasing managers index (PMI), which measures activity in factories, fell to 50.4 in May, official data showed. It is

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