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Afghani currency falls against foreign currencies

Afghani currency value hit its record low in a decade on Tuesday, with one dollar accounting for 55 AFN in the capital city. Governor of the Da Afghanistan Bank (DAB) Noorullah Delwari linked the drop in the Afghani currency value

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Eurozone extends deadline for Greece to budget targets

The Eurozone has agreed to allow two more years for Greece to meet its deficit-reduction targets. The Eurozone finance ministers met in Brussels and endorsed a proposal to extend from 2014 to 2016, as demanded by international lenders. The two-year

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Sheberghan residents complain about lack of clean water

Residents from the city of Sheberghan have expressed their deep concerns about the lack of drinkable water in the area and have urged water supply authorities to take the steps needed to eliminate the problem. “One well is used by

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Head of Microsoft’s Windows division resigns

Steven Sinofsky, the head of Microsoft’s Windows division, abruptly decided to leave the company. His departure comes just weeks after the release of Windows 8. There had been persistent rumblings about Mr. Sinofsky to be promoted to lead all Windows

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Symposium on trade between Afghanistan and Central Asia

AKDN Press Release-The University of Central Asia’s (UCA) Institute of Public Policy and Administration (IPPA), in cooperation with the Afghanistan Ministry of Foreign Affairs Institute of Diplomacy and Directorate General for Economic Cooperation, organized a symposium on “Trade Cooperation between

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Serious efforts to resolve the issue of the Kabul Bank- IMF

The International Monetary Fund (IMF) said on Monday Afghanistan has achieved progress in structural reforms; however, efforts should be intensified to resolve the Kabul Bank issue. Paul Ross, head of an IMF mission that wound up Kabul talks with Afghan

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The US to overtake Saudi Arabia as the world’s biggest oil producer!

According to the International Energy Agency (IEA), the US will take over Saudi Arabia as the world’s biggest oil producer by 2020. The report adds the US will become “all but self-sufficient” in its energy needs by around 2035. The

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Japan’s economy contracts by 0.9%

Japan has reported a contraction of 0.9% in its economy in the July to September quarter compared with the previous three months. The contraction comes amid global economic slowdown and anti-Japan protests in China, hurting Japan’s exports. Adding to the

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EU to aid 60mn EUROS to Afghan government

The European Union will aid 60mn EUROS to the Afghan government for the purpose of good governance and justice. Of the total aid, 40mn EUROS is allocated for the good governance and rule of law sector and the remainder goes

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3 companies shortlisted for oil extraction in Afghanistan

Minister of Mines Waheedullah Shahrani announced on Monday that bids from companies of Kuwait, the United Arab Emirates and Turkey have been shortlisted for a major oil and gas exploration project in the Tajik Basin in northern Afghanistan. The companies

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