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Zarang, the 3-wheeled bike, is a good means of income for low-income families

The three-wheeled bike named Zarang has turned into a good source of income for poor families in Afghanistan. A number of people in the cities use this vehicle as a means to buy and sell goods on roads and streets.

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Access to Finance Exhibition

A two-day Access to Finance (A2F) Exhibition was held by the United States Agency for International Development (USAID) and the Afghanistan Banks Association (ABA). The first ever exhibition of its kind, A2F featured more than 40 exhibition booths of banks,

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US unemployment at its lowest since 2009

The US unemployment rate last month fell at 7.8%, down from 8.1% in August. The US economy added a further 114,000 jobs in September, beating expectations. The figure is certainly good news for Barack Obama whose performance was widely criticized

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Afghan refugees returning from Iran due to Rial crisis

With the Rial plunging at a historical record against the US dollars, Afghan refugees are forced to migrate back from Iran. Many Afghan refugees who traveled to Iran to seek job opportunities complain about the poor job market in the

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China illuminating their presence in Afghanistan more than before

  China’s inactivity in Afghanistan is becoming to an end and is more moving towards becoming Afghanistan’s most important mediator and investor, as the United States is getting ready to withdraw its troops from Afghanistan. Beijing maintained a “spectator” status

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Afghan movie, Buzkashi Boys, may be nominated for Oscars

Buzkashi Boys is the story of two young men in Kabul city and their journey in playing the ancient Afghan traditional sport called Buzkashi. The movie is directed by an American director, Sam French, and written by Martin Desmond Roe

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Afghan government to solve Kabul’s drinking water safety issue through Panjshir

With the implementation of a water transfer project, three million residents in Kabul will have access to safe drinking water. Yousuf Pashtoon, adviser to the President in construction, water, power and minerals, said the work on the project will start

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New Kabul Bank will be handed in to the private sector in a transparent manner

The next conference for the purpose of determining the New Kabul Bank’s buyer is awaited to be held in Dubai. Ministry of Finance says that domestic and foreign investors and entrepreneurs will be participating in this conference. Noorullah Delawari, Governor

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Logar to soon meet its electricity needs

A USD 62mn project, provided from the development budget of the Ministry of Water and Energy, is granted to a private company to supply electricity to central Logar province. The survey of the site would get under way next week,

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Afghanistan caps US dollar outflow to Iran

With Iranian Rial plunging, Afghan authorities have imposed a limit of USD 1,000 travelers can take out of Afghanistan to Iran. Rial has lost 1/3 of its value against the US in the past week, resulting in clashes between Iranian

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Fuel prices double in Bamyan

Fuel prices in the central province of Bamyan have doubled after the government shut down two coal mines in the area. The price of per seven kilograms of coal has increased from 30 AFN to 70 AFN, and per seven

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New Kabul Bank bidding process set in motion

As per the decision of the Cabinet on privatizing Kabul Bank, Afghanistan’s central bank in collaboration with the Ministry of Finance set in motion the bidding process for the New Kabul Bank. Both Afghan and foreign investors will take part

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India opens more sectors to foreign investment

In a bid to revive the economy, the Indian cabinet has approved 49% foreign direct investment in insurance companies and opened the pension sector for the first time ever to foreign investors. The citizens responded to the reforms with protests

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“Spain does not need a bailout at all”

Rumors have it that Spain will very soon ask for a bailout, as it seems unable to get itself out of its financial difficulty that has hit it since 2008, when global financial crisis cause a big crash in the

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“No Afghan teacher would be homeless in the next two years”

The World Bank is assisting Afghanistan’s Ministry of Education with their development programs for the next 5 years, said the Ministry’s officials. Meanwhile, Education’s minister Dr. Farooq Wardak said that distribution of residential plots of lands to the teachers is

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Kabul Municipality collecting fees illegally-ACCI

Afghanistan Chamber of Commerce and Industries deputy chief Khan Jan Alokozai said in a press conference on Thursday that Kabul municipality is acting against the decision of the Council of Ministers and collecting transit fees at Kabul’s gates. The Council

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Railroads-a must for Afghanistan mining

Researchers working for the U.S. military have drafted an 80-page report concluding that Afghanistan’s lack of railroad may be an obstacle to transforming its USD 1 trillion in mineral deposits into an economic engine. Afghanistan must develop a railway network

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22 power towers launched

Da Afghanistan Breshna Sherkat (DABS) inaugurated 22 power towers in Kabul and provinces of Kapisa and Parwan. DABS CEO Abdul Razique Samadi, speaking at the inauguration ceremony of one of the towers, said 22 power towers are opened in the

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Afghanistan’s economic growth dropped by 5.7% in 2011

According to the Asian Development Bank’s latest report, Afghanistan’s economic growth is reduced by 5.7% mainly caused by decline in agricultural production due to constant droughts. As per the report, expenses of the private sector associated with more frequent flow

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Samsung called for a retrial of patent dispute against Apple

Samsung challenged California court’s verdict which awarded Apple USD 1.05bn, after ruling several of its software and design technologies and been infringed. Samsung has called for a retrial of the case, claiming the jury has not answered questions “truthfully”. Samsung

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Iran Rial has lost 1/3 of its value

Protesters took it to the streets, expressing their angers at the plunging of the Rial currency. Foreign exchange dealers, some with license and some without, were lined up on the two sides of the roads. Iranian riot police officers clashed

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Final day for Afghan to get rid of old bank notes

Afghans had their last chance to trade in the last of their old bank notes for the country’s new currency. “Today’s the last day to trade in old afghanis and we’ve had a lot more people coming to change them

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USD 14mn police center launched in Kunar

The foundation stone-laying ceremony of a police center was held in Kunar province on Tuesday. The facility, being built in Sawakai district of Kunar province, would be completed in two and a half years and would provide job opportunities for

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Clinton, Krishna discuss TAPI projects

US Secretary of State Hillary Clinton and her counterpart SM Krishna discussed the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project, as part of the last week’s US-Afghanistan-India trilateral dialogue. “Secretary Clinton and Foreign Minister Krishna reviewed last week’s US-Afghanistan-India trilateral dialogue and discussed regional

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Karzai blames the US for making corruption worse in Afghanistan

President Karzai, in his interview with CBS news, accused the United States for fostering corruption in managing and awarding huge contracts to Afghan businesses. The president, however, did admit the scandal within his government. Meanwhile, Afghan experts blame the government,

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