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Afghan skies lucrative for UAE carriers

The UAE-Afghanistan route is proving to be a lucrative and vital business for UAE carriers. Currently, Dubai-based carrier Flydubai flies between Dubai and Kabul three times a day, and Air Arabia flies six times a week from its hub in

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Afghan MPs reject 2014 draft budget

The Lower House of the Parliament rejected the 2014 draft budget after it was submitted to them for review. Lower House Budget Commission Chairman Abdul Rauf Ibrahimi said the draft budget was rejected due to failure of ministries in utilizing

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Afghan Telecom to offer 3G services

Afghan Telecom, which operates under the stewardship of Ministry of Communications and Information Technology, plans to launch the third generation, 3G, information technology system. A contract worth USD 32mn has been signed between Afghan Telecom and a Chinese firm on

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Khost's industrial park to attract big investment

The Afghanistan Investment Support Agency (AISA) has informed that Khost now offers vast investment opportunities compared with the past decade. According to Pajhwok Afghan News (PAN), many investors have expressed willingness to invest in various sectors, with over 600 different

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Khost’s industrial park to attract big investment

The Afghanistan Investment Support Agency (AISA) has informed that Khost now offers vast investment opportunities compared with the past decade. According to Pajhwok Afghan News (PAN), many investors have expressed willingness to invest in various sectors, with over 600 different

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Services and construction sector declining in Kabul, Mazar and Kandahar-ACCI report

According to a recent report by the Afghan Chamber of Commerce and Industries (ACCI) with collaboration from a German organization, construction and service sector have slowed down in Kabul, Mazar-e-Sharif and Kandahar City this year, compared with 2012. The manufacturing

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Afghanistan steps up to 129th position in FIFA ranking

In the updated FIFA world ranking, Afghanistan rose 4 places and now ranks 129th. Afghanistan won the  2013 South Asian Football Federation (SAFF) Championship after their 3-0 victory against the former SAFF champions, India. Nepal, Sri Lanka, Bhutan remained unchanged

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Business confidence dwindles, as BSA swings in the wind

Unsure about Afghanistan’s security situation, businessmen and investors have begun withdrawing or stalling their capital and assets. Business confidence tumbled after President Hamid Karzai refused to sign the Bilateral Security Agreement (BSA)–an essential security pact that determines the magnitude of

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Ram-Leela crosses the 100 crore mark

Yet another Bollywood hit enters the “100-crore” league. Ram-Leela, starring Deepika Padukone and Ranveer Singh, is the latest entrant to the 100-crore club. The film is a love saga, an adaptation of Shakespeare’s Romeo and Juliet, set in violence times.

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Gas prices soar, other commodity prices remain stable in Kabul market

Pajhwok Afghan News Weekly Price Report- Gas prices have soared in Kabul market and other daily-use commodities rates stayed stable. Gas prices have been on the increase over the past 10 days. A gas seller in Kolola Pushta neighborhood, Mohammad

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Afghani dips against the US dollar

The value of the US dollar has appreciated against the Afghani currency, with the buying rate currently standing at 58.25 AFN. Earlier this year, the US dollar was sold at an exchange rate of 52-53 AFN. Local moneyexchangers have linked

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Kabul hosts Afghan-Pak trade exhibition

A 3-day exhibition showcasing industrial products from Afghanistan and Pakistan is being held in Intercontinental Hotel of Kabul City from 28-30 November. Afghan traders have put on display items such as dried fruits, carpets and precious stones, while the Pakistani

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Dubai’s historic Expo 2020 win to transform its economy

Tallying of 116 out of 163 votes, Dubai beat off rival bids from Brazil, Turkey and Russia, and won the right to host the World Expo trade convention in 2020. Dubai is the first city in the Middle East and

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UK donates £47 million for poverty-stricken Afghan girls' education projects

The UK government has pledged a grant of £47 million to fund education projects for underprivileged young girls of Afghanistan. An agreement to that effect was signed between UK’s Development Secretary Justine Greening and Afghan Finance Minister Dr. Hazrat Omar

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UK donates £47 million for poverty-stricken Afghan girls’ education projects

The UK government has pledged a grant of £47 million to fund education projects for underprivileged young girls of Afghanistan. An agreement to that effect was signed between UK’s Development Secretary Justine Greening and Afghan Finance Minister Dr. Hazrat Omar

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Illegal excavation of precious stones in Nuristan

A group of people has been reportedly involved in illegal excavation and trading of precious stones and gems in eastern Nuristan province. Nuristan Mines Department Chief Eng. Ashiqullah Hamkar told Pajhwok Afghan News that in the absence of the government’s

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World Bank grants USD 50mn to improve Access to Finance in Afghanistan

The World Bank approved today a US$50 million grant, through International Development Association (IDA) to support the government’s efforts to improve access to credit for micro, small and medium enterprises in Afghanistan. The Afghanistan Access to Finance Project will be

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Afghanistan's first mobile news application launched

Paywast, Afghanistan’s first mobile-based social networking outlet, launched the country’s first smartphone news application in partnership with Khaama Press-Afghanistan’s largest online newspaper- and Wadsam.com-Afghanistan’s First Business News Portal. The application called Paywast News is available on iTunes App Store and

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Afghanistan’s first mobile news application launched

Paywast, Afghanistan’s first mobile-based social networking outlet, launched the country’s first smartphone news application in partnership with Khaama Press-Afghanistan’s largest online newspaper- and Wadsam.com-Afghanistan’s First Business News Portal. The application called Paywast News is available on iTunes App Store and

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Afghanistan's security accord essential for economic stability

While a majority of the 2,500-member Consultative Loya Jirga agreed to the Bilateral Security Agreement text, President Hamid Karzai has refused to sign the agreement. Karzai ended the Jirga in a rather dramatic fashion by insisting that “America cannot kill

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Afghanistan’s security accord essential for economic stability

While a majority of the 2,500-member Consultative Loya Jirga agreed to the Bilateral Security Agreement text, President Hamid Karzai has refused to sign the agreement. Karzai ended the Jirga in a rather dramatic fashion by insisting that “America cannot kill

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Ghazni airport project to be completed within a month

With 90% completion of construction on Ghazni airport, the project is expected to be completed within month. Work on the airport, situated 15km east of Ghazni city, began two years back. However, due to delay in the payment of funds

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New extension building for Department of Education in Faizabad

The Afghan Department of Education (DoE) inaugurated its new administrative extension building in Faizabad. The additional office space will improve the education department’s capacity and ability to provide for the basic educational needs of students in Faizabad and the 27

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Unprecedented surge in coal price in Bamyan province

The price of coal in Bamyan province has surged beyond the purchasing power of many residents with the advent of winter season. The soaring price of coal is linked to lower supply of the commodity. According to Pajhwok Afghan News

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Iran-5+1 accord to have a positive impact on Afghanistan's economy

The Afghan Chamber of Commerce and Industries (ACCI) said that the nuclear deal  between Iran and six world powers would have a positive impact on Afghanistan’s economy. Iran agreed to curb some of its nuclear power activities in return for

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