English | دری

Saffron prices have fallen in Afghanistan

Saffron farmers union in Herat said if the government does not support saffron farmers, they will turn back to growing opium on their lands. This concern arises when a number of saffron farmers complained about the falling prices of saffron

Read More

Roshan granted 3G License

Afghanistan’s Ministry of Telecommunications and Information  and Technology (MCIT) awarded 3G license to the telecommunication giant Roshan on Saturday. The 3G platform will surely enable Roshan to develop its already market-dealing, innovative data packages. Roshan has so far been the

Read More

IMF cuts South Korea growth forecast

The International Monetary Fund (IMF) has cut South Korea’s growth forecast from 3.25% in June to 3% for this year due to spiraling economic crisis in the Eurozone. The Eurozone is the key market for South Korea’s exports, which account

Read More

Manmohan Singh defends his recent economic plans

India’s Prime Minister Manmohan Singh defends the unpopular economic reforms he has to undertake for reviving investor confidence. The reforms include opening up India’s retail sector for foreign supermarket giants and allowing them to buy large stakes in the sector.

Read More

Walmart hopes to open stores in India in two years

US biggest retail Walmart plans to open its first stores in India within two years. The location and number of stores are not announced yet. This news comes a week after the Indian government decided to open up the retail

Read More

Taiwanese flat screen maker fined in US for price fixing

Taiwan’s biggest flat screen maker, AU Optronics, has been fined USD 500mn for colluding with rival manufacturers to keep the prices of LCD panels high. AU Optronics have denied the charges and intends to lodge an appeal against the judgment.

Read More

Afghanistan to implement $120m electronic identities project

Afghanistan is due to implement distribution of electronic identity cards within the next one month, Afghan interior ministry officials said. Deputy interior ministry spokesman Najeeb Danish said the initiative will be launched shortly in a bid to eliminate concerns of

Read More

Europe Headed For A Deepening Economic Recession

Business activity in the eurozone has fallen to its lowest since June 2009, a closely watched survey has found. Financial data company Markit said on Thursday its Purchasing Managers’ (PMI) Composite Output Index  for the 17 country eurozone fell to

Read More

Discovery of a new source of raw cement in Afghanistan

A new source of raw materials for cement has been discovered in northern Parwan province. The new discovery is sufficient for the establishment of another standard cement factory in Afghanistan in addition to the one in the Jabal Saraj district

Read More

Former CME programmer pleaded guilty of stealing trade secrets

A former CME Group, Chunlai Yang, pleaded guilty to downloading secret computer codes from the firm and providing it to a Chinese exchange rival. The potential arising from the theft is estimated between USD 50mn-USD 100mn, and Mr. Yang is

Read More

iPhone 5…was it worth all the anticipation?

Apple promised that its new handset would go way beyond what the previous iPhones had to offer. The reviews for iPhone 5 have hit the web, and it is noteworthy to say that there are overwhelmingly positive reviews ever read

Read More

US Home Sales Jump To Highest Level In More Than 2 Years

A jump in sales of previously occupied homes and further gains in new home construction suggest the U.S. housing sector is gaining momentum. Prices for such homes also rose according to figures from the National Association of Realtor (NAR). The

Read More

Roadside barbers in Kabul City

Walking down the sidewalks in Pul-e-Khishti, Sar Chowk and Jada, you notice a line of men sitting under an umbrella cutting hair or shaving beard. Armed with a pair of scissors and a plastic comb, these are Kabul City’s roadside

Read More

Premier Wen Jiabao set for 15th China-EU summit

Chinese Premier Wen Jiabao is set to take part in his last EU-China summit before handing over power later this year. Mr Wen will be meeting with senior EU figures, including President of the European Council Herman Van Rompuy and

Read More

India's Nationwide Strike Against Supermarket Reforms

Demonstrators in India have taken to the streets to protest against a major hike in diesel prices and the opening up of India’s retail sector to foreign supermarkets such as Wal-Mart and Tesco. The Confederation of All India Traders (CAIT)

Read More

India’s Nationwide Strike Against Supermarket Reforms

Demonstrators in India have taken to the streets to protest against a major hike in diesel prices and the opening up of India’s retail sector to foreign supermarkets such as Wal-Mart and Tesco. The Confederation of All India Traders (CAIT)

Read More

Japan’s fresh aid money to be spent in Balkh, Samangan, Baghlan and Ghor

The recent 10mn contract signed between Japan and Ministry of Rural Rehabilitation and Development will be spent towards implementation of 120 projects in the provinces of Balkh, Samangan, Baghlan and Ghor. Rural Rehabilitation and Development Minister Wais Barmak said the

Read More

Japan's Imports and Exports Drop In August

The drop in Japan’s imports and exports in August has raised concerns about the impact of a global slowdown on its economy. Exports fell 5.8% from a year earlier, hurt by the slowing demand from Europe and China. Imports fell

Read More

Japan’s Imports and Exports Drop In August

The drop in Japan’s imports and exports in August has raised concerns about the impact of a global slowdown on its economy. Exports fell 5.8% from a year earlier, hurt by the slowing demand from Europe and China. Imports fell

Read More

Bill Gates the Richest American on Forbe’s list for the 19th Year

Bill Gates, the former chief executive and current chairman of Microsoft, has been listed by Forbes magazine as the wealthiest American for the 19th year in a row, with a fortune of USD 66bn, up from USD 7bn from last

Read More

Honey production increasing in Bamyan

Haji Nasratullah, Chief of Beekeepers Union, said honey production in Kahmard district of Bamyan is 50% more than last year’s. Last year’s production from all over Bamyan province had reached 5.5 ton, while this year the production only in Kahmard

Read More

Public Service Projects Launched in Herat

According to Herat’s officials, thirteen public service projects have been executed in two districts of Herat, Adraskan and Shabandand. Accounting for almost 24 million AFN, the projects include the building of a cultural center, public bath, water supply networks, water

Read More

Fedex cuts its profit forecast

Amid the weakening global economy, the global shipping service company Fedex has cut its annual profits by 10%. The net income for the shipping service company for the first quarter had fallen 1% on last year to USD 459m. Fedex

Read More

Irrigation projects executed in southern provinces

Funded by the United National Development Program (UNDP), irrigation projects including cleaning of three drainages and construction of a water gate and a protection wall are executed in Helmand and Kandahar provinces. Accounting for USD 232,437, the projects are implemented

Read More

Apples shares gained after release of iPhone 5

After receiving two million pre-orders for its latest iPhone 5 model, Apple’s shares bounced to a record high of almost $700, a gain of 1.23% on the day. Its shares have risen more than 70% since the start of the

Read More