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Afghanistan feeling the squeeze of sanctions against Iran

Iran has recently restricted exports to Afghanistan, causing manufacturers in western Herat province to suffer. This comes amid the international sanctions imposed against Iran by the West, in a bid to force Iran to halt its nuclear program. Commodities’ prices

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Bank of America alleged for mortgage fraud

Bank of America is sued for USD 1bn for selling thousands of toxic home loans to government agencies, Fannie Mae and Freddie Mac that support the US mortgage market. Countrywide Financial, which Bank of America bought in 2008, is accused

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Kazakhstan to invest in Afghanistan

Kazakhstan announced their preparedness to invest in the infrastructure and extraction of natural resources in Herat province. Kazakhstan’s ambassador to Afghanistan Agybai Smagulov, during his visit to Herat, said Herat offers the most  suitable conditions in terms of security for

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International community does not want construction of major hydroelectric dams in Afghanistan- Energy Minister Ismail Khan

Officials from the Ministry of Energy and Water say that the world community has not contributed to the construction of major hydroelectric dams in Afghanistan. The officials claim that donor countries are not interested in continuing their financial aid for

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50% increase in the budget for construction of Salma Dam in Herat

India is considering increasing the budget allocated for the construction of Salma Dam in Herat. Salma Dam is one of the major construction projects in Afghanistan that was initiated in 2006 with financial collaboration from India. Residents have complained about

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Kabul residents complain about the poor conditions of the roads

Residents from various regions of Kabul city have complained about the poor conditions of the roads in the city. The residents said that Kabul Municipality has not paid much attention to the conditions of the roads since the past few

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Citizen Information Center Brings More Transparency and Accountability to Kabul Municipality

USAID Press Release-The Kabul Municipality inaugurated today the first Citizen Information Center (CIC) in Afghanistan.  The CIC is located within the Kabul municipal offices in downtown Kabul.  The CIC was created by the United States Agency for International Development (USAID)

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UN reiterates its commitment to assisting Afghanistan

On the occasion of United Nations Day, the secretary-genera’s special representative Jan Kubis acknowledged the United Nation’s commitment to working together with the Afghan people to achieve peace, stability, prosperity and economic development. “The UN family is here to support

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Foreign currency transferred from Herat to Iran

Officials of the Money Exchangers Union in Herat said that foreign currencies are transferred to Iran from Herat in various vehicles. Following sanctions against Iran and drastic decline of Iranian currency against foreign currencies, Herat province is facing a shortage

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