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Foundation of 26 public service projects laid in Baghlan, northern Afghanistan

Baghlan’s local officials reported that the groundwork for 26 public service projects have been laid in the central district of Baghlan province. The projects, implemented by the Ministry of Rural Rehabilitation and Development, include asphalting and paving the roads, building

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Spain’s debt level to increase further next year

Spain is not any far from being the fourth European nation to ask for a bailout, as the government has predicted the debt level to increase further. Treasury Minister Cristobal Montoro said debt would likely reach 85.3% of the country’s

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Complaints about PIA prices to be investigated

Afghanistan’s Aviation and Transport Ministry has assigned a committee to investigate the high prices of Pakistan International Airline’s (PIA) tickets. Nangialai Qulatwal, spokesperson to the ministry, said the committee would start its work next week. “We determine our prices based

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Reduction in Agricultural Production in Ghazni

Ghazni officials reported that the production of wheat and some other grains in Ghazni has declined. “Constant droughts have resulted in heavy losses to crop,” said Sultan Hussain Abbasyar, Director of Agriculture in Ghazni. Situated in the center of the

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Kabul Bank unable to recover the debts

According to the Kabul Bank Receivership Department’s officials, the bank’s existing properties are not sufficient to compensate for the lost money that was embezzled. Given the high prices of the properties, no one is willing to purchase the properties. The

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UNICEF funds building of 75 schools in central Afghanistan

  A friend and partner of the United Nations Children’s Fund (UNICEF), is providing funds for 75 schools in central Afghanistan. A delegation of the UNICEF joined the Education Minister Dr. Farooq Wardak on Saturday to lay the foundation of

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Japan To Fund 28 Projects In Nangarhar

The Japan International Cooperation Agency (JICA) will be funding several development projects worth $13.5 million in eastern Nangarhar province, an official said on Saturday. A contract was signed between Governor Gul Agha Serzai and JICA’s deputy head at the governor’s

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Eurozone Crisis: Inflation At Six Month High

Expectations of another interest rate cut from the European Central Bank (ECB) were weakened, after official figures showed inflation in the 17-nation eurozone rose to a six month high in September. According to Eurostat on Friday, prices in the eurozone

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Afghanistan, Peru sign diplomatic pacts

Afghan foreign Minister Zalami Rassoul signed an agreement on diplomatic relationship with his Peruvian counterpart Rafael Roncagliolo on Thursday on the sidelines of the UN General Assembly in New York. Peru is willing to assist Afghanistan in countering narcotics, developing

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Vocational program for dozens of Afghan women and children inaugurated in Parwan

The program is funded the Afghan Women Community and provides courses to 75 women and 100 children. Fatana Gilani, Director of the Community, said the program is running for one year and is working to provide opportunities for Afghan women

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Jab Tak Hai Jaan is Yash Chopra’s last film!

(bollywood celebden) Yash Chopra, who celebrated his 80th birthday on Thursday, said in a chat with Shahrukh Khan that Jab Tak Hai Jaan will be his last film as a director. The veteran filmmaker said, “Bahut ho gaya abhi. My

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UK Regulator Outlines LIBOR Overhaul

Britain’s financial regulator has laid out a 10-point plan to overhaul the handling of a key global interest rate, following a review into the Libor rate – rigging scandal involving major banks across several countries. FSA managing director, Martin Wheatley

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Afghan Cycles London to Kabul to Show Nation's Prowess

(Tolo News) A 29-year-old Afghan man living in Britain for the past 12 years cycled from London to Kabul, arriving in the Afghan capital Thursday morning after the three-month trek. Mohammad Walid Nawrozi left London in June and crossed Europe

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Afghan Cycles London to Kabul to Show Nation’s Prowess

(Tolo News) A 29-year-old Afghan man living in Britain for the past 12 years cycled from London to Kabul, arriving in the Afghan capital Thursday morning after the three-month trek. Mohammad Walid Nawrozi left London in June and crossed Europe

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Spanish government to inject 59.3bn Euros in Spanish banks

In a bid to strengthen the viability and confidence in the Spanish banking sector, Spain’s government will need to inject 59.3bn Euros. An independent audit of the banks confirmed that the banks are short of some 59bn Euros, almost 6%

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France to present its first budget

French President Francois Hollande is set to present his country’s first budget, which he has said is the “toughest budget” in 30 years. The budget is mostly formed of tax rises rather than spending cuts. A 75% tax rate is

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3% of Afghans enjoy banking services

A roundtable was held in Kabul on Wednesday to discuss increasing access to credit and reforming the banking system. Hameedullah Noor Ebad, President of the National Center for Policy Research at Kabul University, shed light on the importance of the

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Greek government in “basic agreement” on austerity package

Greece coalition parties have arrived to a “basic agreement” on the austerity package for 2013-2014 which includes spending cuts worth of at least USD 14.8bn. The new cuts are a condition for Greece in order for them to be eligible

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Paktika’s newly constructed water dam and canal

Funded by the United States, a 400m canal and a small dam are built in Sharan city, the capital of southeastern Paktia province. The projects, costing USD 48,000, were carried out by the Central Asia Development Group (CADG). A leading

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Doshi-Pulkhumri Road to be reconstructed

Ministry of Public Works signed the USD 17.8mn contract of the reconstruction of Doshi-Pulkhurmi road with Nabizada Wardak Construction Company. Public works minister Najibullah Awzhan, speaking at the signing ceremony, said the 51.9km road is funded by the Islamic Develop

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Afghanistan’s Wool Processing Factory’s Foundation Laid in Badakhshan

The groundwork for the first wool processing factory is laid in eastern province of Afghanistan. Abdul Maroof, spokesperson to Badakhshan’s governor, said the factory is built at a cost of USD 200,000 with financial collaboration from GTZ, Marsico Funds and

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“More than 1000 historical monuments are endangered in Afghanistan”

Afghanistan’s minister of information and culture criticized the world community’s approach in relation to the tourism industry of Afghanistan and said their views on this particular industry are not persuasive. Minister Sayed Makhdoom Raheen told in a conference on Wednesday

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UAE pledged to build a trade port in Torkham

The United Arab Emirates (UAE) has pledged to invest USD 100mn for building a trade port in the Torkham border town in eastern Nangarhar province. This comes after a meeting of UAE delegation with Governor Gul Agha Sherzai sometime ago.

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Russia supplies fuel to Afghanistan to stable fuel prices

Russia has supplied 10,000 tons of fuel to Afghanistan to help stable the oil prices in Afghanistan. The contract for oil supply of 500,000 tons of fuel to Afghanistan was signed between the two countries last year, in a bid

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Japanese Carmakers cutting down production in China

Japanese carmakers Nissan and Toyota are cutting down production of vehicles in China amid slowing demands. The decline in demand followed after the anti-Japanese protests across China over the territorial dispute between the two countries over islands in the East

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