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Standard Chartered to pay $340m penalty

Standard Chartered has agreed to pay a $340m settlement to New York regulators after it was accused of helping Iranian clients dodge US sanctions. The Department of Financial Services alleged that SCB  systematically hid $250bn worth of Iranian client transactions,

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Corruption Charges against the President of AISA Proved Baseless

The board of investigators at Afghanistan Investment Support Agency (AISA) said that the corruption charges made against the President of the Agency are void. Waheedullah Ghazikhail, spokesperson to the Ministry of Commerce and a member of the investigation board, said

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New Delhi to Kabul Flight Offered by Spicejet

Spicejet, one of the largest Indian private airline companies, has announced its offer of flights from Delhi to Kabul three times a week. While Afghanistan’s Transport and Aviation Ministry seems sanguine about the situation, a number of private airline companies

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Why are major Afghan dam construction projects running so slowly?

According to the Ministry of Energy and Water, funding shortages, insecurity and charges from the local people are the main obstacles to the construction of large dams in the country. Summoned by the Upper House of the Parliament on Tuesday,

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Electricity for 400 Families in Sar-e-Pul City

Four-hundred families in the Naw Abad village of the city of Amam Khord in Sar-e-Pul province are enjoying electricity in their houses as a result of work, initiated by Da Afghanistan Breshna Sherkat (DABS), on the extension of power cords

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JICA’s Precondition for Construction Projects of New Kabul City

JICA calls on the government to take charge of expropriation of private lands where new projects are to be implemented, as part of developing the Kabul Metropolitan Area. Japan International Cooperation Agency (JICA) says that that their financial assistance for

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Brazil looking into privatization to boost its economy

Brazil is set to launch the first part of its major plans to help boost the disappointing growth levels. The plan involves privatization of roads, railways, port and perhaps other airports to improve the country’s much-criticized infrastructure. President Dilma Rousseff

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