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Apple- the world’s most valuable company of all time

With a market value of approximately USD 623bn surpasses Microsoft’s record of USD 620.58bn set in 1999. (Figure not adjusted for inflation). The company’s shares closed at USD 665.15, 2.6%, higher than Friday’s close. The news comes ahead of the

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No more Leeway to Greece from Germany

Germany puts pressure on Greece to stick to its bailout conditions within the time limit given to them. Greece is expected to ask for more time to make cuts through austerity measures; however, some politicians Germany has opposed giving more

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First Auditorium Opened in Ghor Province

Afghan Ministry of Counter Narcotics funded the establishment of the first largest auditorium, costing USD 412,000, in Ghor province. According to the officials, the province has faced many problems in the past few years due to lack of an auditorium.

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Iran’s devalued Rial Making its way to Afghanistan for exchange to dollars

Desperate to find alternate ways to bring in hard currency into Iran, a number of Iranians are packing trucks with devalued Iranian currency, Rial, and entering Afghanistan to trade for dollars. The currency traders are made up of wealthy and

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China Property Prices Rise amid Rate Cuts

Policy easing, including two interest rate cuts in the months of June and July, in a bid to catalyze economic growth resulted in a rise in property prices in China. New home prices rose in 50 cities, compared to the

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Opening of several public service projects in Herat

Officials from the Department of Rural Development and Rehabilitation in Herat informed of the opening of 10 public service projects in the district of Guzrah and Injil. The projects include building of 3 schools, 3 cultural complexes, one public bath

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Food products prices escalating in Kabul as Eid is approaching

Kabul residents have complained about the prices of commodities rising two-fold as Eid days are approaching. “Two days are left for Eid and the prices have already gone up by 45%.” “My name is Mohammad Aslam. Prices are two high.

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Robust demand from Asia boosts Singapore Exports

Singapore’s shipment s of electronics and pharmaceuticals to Asia raised the country’s exports by 5.8% from a year earlier. The robust demand for Singapore’s non-oil exports, dominated by electronics and phamaceuticals, in Asia helped offset a decline in shipment to

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Further Policy Easing Needed for China’s Growth?

China’s Premier Wen Jiabo has warned that China’s economy is under pressure and that its economic problems may take some time to be resolved Premier Jiabo’s comments come amid worries of a sharp slowdown in China’s economy. The world’s second

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China National Gold to buy a stake in African Barrick Gold

As demand for gold in China is surging, China’s state-owned miner, China National Gold, is in talks with African Barrick Gold (ABG) to buy a big chunk of African assets. The deal could fetch as much as about USD 3.9

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Corruption- Afghanistan's major obstacle to economic development

Afghanistan Chamber of Commerce and Industries (ACCI) regard the recent decree of President Karzai on combating corruption as a necessary measure in particular for the economic growth of the nation. Azarsh Hafizi, Director of International Relationships at ACCI, corruption is

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Corruption- Afghanistan’s major obstacle to economic development

Afghanistan Chamber of Commerce and Industries (ACCI) regard the recent decree of President Karzai on combating corruption as a necessary measure in particular for the economic growth of the nation. Azarsh Hafizi, Director of International Relationships at ACCI, corruption is

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Minister Ismail Khan’s Stance on Kajaki Dam construction rejected

Earlier this week, Afghan Energy and Water Minister Mohammad Ismail Khan was summoned by the Upper House of the Parliament to provide an explanation for the failure in completing the construction of major dams in Afghanistan. Minister Ismail Khan linked

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Kabul Metropolitan Area’s Inaugural Project

The Japan International Cooperation Agency (JICA) and the Dehsabz-Barikab City Development Authority (DCDA) signed the project of constructing a 12 km road, as part of the promotion of Kabul Metropolitan Area. The project includes constructing sections of the arterial and

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Libor Scandal: Seven banks summoned for questioning

Seven banks, including HSBC and Citigroup, have been summoned to be questioned in the US for the alleged manipulation of the Libor inter-bank lending rate. The other banks summoned by the New York attorney general are Barclays, UBS, JP Morgan,

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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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Cars on a diet

For years, cars have got bigger and fatter—but now the trend is reversing LIKE their owners, cars have been piling on the pounds in recent decades. When the Volkswagen Golf was launched in 1974 it weighed 0.75 tonnes and was

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Afghanistan’s Corn Production Boosted Up

Afghanistan saw a bumper corn production for the second time in 35 years, with this year’s corn harvest growing 40% more than that of 2011. Ministry of Agriculture and Livestock is eyeing on becoming a good exporter of corn in

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No miracle cure- US economy

Bucking up this recovery is harder than it was in the past IF THERE is a theme to the American presidential campaign, it may be: “Imagine the alternative”. President Barack Obama’s campaign will argue that his actions prevented an economic

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