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Afghanistan to have a stable economic development in the future

Afghanistan Chamber of Commerce and Industries (ACCI) called on the government to take practical steps for establishing good governance and combating corruption and drug trafficking in line with the economic reforms. Mohammad Qurban Haqjo, Chief Operating Staff of ACCI, said

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South Korean President’s Brother Arrested over Corruption

South Korean President Lee Myun-bak’s elder brother has been alleged of taking USD 525, 000 in bribe from the chairmen of two savings banks to help them avoid an audit. The case is the latest in a series of corruption

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China cuts fuel prices for the third round in two months

China has cut retail oil prices by about 5% which is China’s third cut in two months. China, the world’s second biggest consumer of fuel, has made the move in response to lower international crude prices and changes in the

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Apple to bring new iPad to China

Apple will start selling the new iPad in China on 20 July after the settlement of trademark dispute with China’s Proview. Apple agreed to pay $60m (£38m) earlier this month to Chinese firm Proview, which claimed it had registered the

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Eurozone must shift from austerity to job creation- warns ILO

The International Labor Organization (ILO) has warned that the Eurozone could lose 4.5 million more jobs in the next four years if it decides to continue with the austerity measures. “Unless targeted measures are taken to increase real economy investments,

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Russia’s WTO membership dream coming true

Russia’s Lower House of parliament has approved the country’s entry into the World Trade Organization. Russia was denied membership due to human rights concerns and business disputes in the region. It was finally allowed to join under a deal reached

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Afghanistan Insurance Department Making Efforts for Expanding Insurance

Officials from Insurance Department of the Ministry of Finance say that efforts are on hand to expand insurance service and promote insurance culture in Afghanistan. Security issues, lack of public awareness, and absence of a training center on insurance are

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Afghan traders exempted from octroi

The Council of Ministers has decided to not charge local taxes on goods, a decision that was hailed by the traders on Tuesday. Instead the traders would have to deposit 0.25% of the value of their goods with the customs

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Apple Pulled out of the Electronic Product Environmental Assessment Tool

The organizers of Electronic Product Environment Assessment Tool (EPEAT) announced last week that Apple was withdrawing its products from registry and would no longer submit new devices to receive ratings. “We regret that Apple will no longer be registering its

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