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US dollar drops against Afghani

After several weeks, Afghani picks up value against the dollar. According to the moneyexchangers in Sarai Shahzada, 1 USD was equivalent to 51 AFN today. Some analysts link the fall in the dollar value to the amounts of dollars pumped

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Installation of solar streetlights in Shiberghan

Installation of solar energy streetlights in Shiberghan, the capital of northern Jawzjan province, was executed on Sunday. According to the city’s Mayor Mohammad Hussain Saleh, 481 poles would be erected along road that will benefit thousands of shopkeepers. A number

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Power project in Nangarhar to be completed soon

A power extension cable from Naghlu dam to eastern Nangarhar would be completed soon, Director of Water and Energy Mohibullah Momand said on Sunday. The project was due to be completed five months ago, but due to insecurity the project

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“Afghanistan is in dire need of consumer rights protection”

By-Ahmad Masoud Consumer rights protection and fair trade competition are among the most forgotten issues in Afghanistan. The majority of consumers in the country are not satisfied with the quality of many products, including medicines, food products, washing powders and

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Iran sanctions hurting Afghanistan’s economy

Afghanistan is repeatedly pinched as the west tightens its sanctions against Iran. Afghani currency has dropped to its lowest value against the dollar in the span of only a few weeks. The reason is linked to the high demand for

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Aynak Ore Creates Dilemma for Treasure

Flanked by waves of mountains and gray desert, the road leading from the Afghan capital to the ancient ruins of Mes Aynak ends abruptly at the foot of a dusty hilltop. From that vantage point, 40 kilometers from Kabul, one

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Afghanistan’s Buddhist site preservation promised

The Afghan government has promised to preserve a historic Buddhist site at the Ainak copper project site. The grounds of Mes Aynak in Logar province are a sprawling 9,800-acre (4,000-hectare) trove of Buddhist monastery ruins, statues and tombs that sit

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Arsenal signs a new £150m deal with Emirates

Arsenal football club extended its short sponsorship to 2019 under a new £150m deal signed with Emirates airline. As part of the deal, the naming rights to the Emirates Stadium in north London were also extended to 2028. Emirates and

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JV Walmart-Bharti suspends India employees amid bribery allegations

Wal-Mart, which currently operates only wholesale stores in India via its joint venture with Bharti, has suspended the chief financial officer and member of the legal team alleged for bribery. The firm is probing into possible violations of a US

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First Global Logistics Ltd- Your Strategic Services Partners

The First Global Logistics (FGL) is an Afghan private leading Logistics Company based in Kabul, Afghanistan, established in 2009 by a group of young Afghan entrepreneurs who mainly focus on providing the best services in the competitive market to its

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Bamyan’s governor Habiba Surabi speaks of her achievements

In an exclusive interview with the Pajhwok Afghan News, Habiba Surabi reflected on some of her achievements as the governor of the central Bamyan province. Ms. Surabi has been serving as the governor of Bammyan for the past eight years.

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Incentives are not the same as motivation

Since the time I have been working in Afghanistan, I have come across ONLY a handful of people who were actually interested in doing work. I always wondered what the reason was.  Most of them I knew were given some

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EU summit concludes without a deal, Cyprus makes a “good progress”

After the two-day special summit, negotiations on the EU’s trillion-euro budget framework for 2014-2020 were postponed until next year. “Based on my proposal, there is no agreement,” European Council President Herman Van Rompuy said in a press conference, referring to

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Kam Air suspends flights to UAE

Kam Air has suspended flights to the United Arab Emirates citing the price dumping strategy of the foreign airlines as the main reason. The airline officials blamed the government for allowing foreign companies to offer prices at unfairly low rates,

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China-Afghanistan discussing construction of an exhibition center in Kabul

Afghanistan is in talks with Chinese officials over the building of a permanent exhibition center in Kabul. The Chinese are thinking about building the center near the Chaman-e-Huzori (green field), close to Ghazi stadium in Kaart-e-Naw, Kabul. Presently, commercial exhibitions

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Black Friday Sales in the US

Black Friday is the day of shopping after Thanksgiving, traditionally the beginning of the Christmas shopping season. Major retailers open extremely early and offer huge discounts to kick off the holiday shopping season. The term was first recorded in 1966

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Sony and Panasonic ratings cut to the junk status level

The Fitch ratings agency has cut the ratings of the tech firms Sony and Panasonic to the level of junk status for the first time. Sony’s rating is dropped by three notches to BB-,while Panasonic’s by two notches to BB.

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Research on the problems faced by Afghan traders

The research center of the Afghanistan Chamber Commerce and Industries (ACCI) has begun their survey on the problems faced by the Afghan traders. Mohammad Qurban Haqjo, Head of the ACCI, said the survey focuses on the economic situation, problems and

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Japan’s million dollar aid to Afghanistan’s agriculture sector

Finance Minister Hazrat Omar Zakhilwal signed the USD 18.5mn contract with Hiroshi Takashi, Japan’s ambassador to Afghanistan, and the Head of the Asian Development Bank, Joji Tokeshi, on Wednesday. The aid money is allocated for construction of cold storage rooms,

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China’s manufacturing sector rebounding

According to the latest figures, China’s purchasing managers index (PMI) stands at 50.4 in the month of November. This is the first time in 13 months that the index has risen above the level of 50. A reading above 50

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Danish government pledges USD 100mn in aid to Afghanistan

Danish Minister for Development Christian Friis Bach during his visit to Balkh announced his country has pledged USD 100mn in aid to Afghanistan over the next five years. He also reassured the Afghan authorities that the international community will remain

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Welfare projects launched in Takhar

About 240 development projects have been executed in northern Takhar province in the districts of Farkhar, Wersj, Kalfagan, Rustaq, Chah Aab, Khwaja Ghar, Baharak and Namak Aab district, as well as the provincial capital. The projects are funded by the

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New police headquarter inaugurated in Ghazni

Built on a 5 acre land at a cost of USD 700mn, a new police headquarter was inaugurated on Tuesday in Dah Yak district of Ghazni. According to Ghazni Police Chief Mal Paswal Zahid, the project is funded by United

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Cristiano Ronaldo donates his golden boot to children in Gaza

The iconic soccer player, Cristiano Ronaldo, has given the Golden Boot he won in 2011 to the Real Madrid Foundation, which has sold it at an auction for USD 1.5mn. The money goes in aid to the children of Gaza.

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Japan to reconstruct the Kabul International Airport

Afghan Ministry of Transport and Aviation signed the contract on reconstructing the Kabul International Airport with Japan’s ambassador to Afghanistan. Transport Minister Daud Ali Najfi said the project, costing USD 20mn, is funded by the government of Japan. According to

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