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Islamic Bank of Afghanistan to open as country’s first fully-fledged Islamic Bank

The Islamic Bank of Afghanistan (IBA), previously known as Bakhtar Bank, is granted the license to operate as the country’s first bank to fully comply with Islamic banking laws. The central bank of Afghanistan, Da Afghanistan Bank (DAB), approved the

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Afghanistan, Pakistan to set up working groups

Afghanistan and Pakistan have agreed to set up working groups to resolve the various issues that are adversely impacting trade flows between the two neighboring countries. The decision was taken during a meeting between Afghan Finance Minister Eklil Hakimi and

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International community pledges support for Afghanistan’s economic reforms

Representatives from the international community attended a meeting in the Afghan embassy in Washington, D.C. where they pledged to support Afghanistan’s economic reforms agenda. A statement released by the Afghan embassy said the meeting was attended by Afghan Finance Minister

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UAE funded township inaugurated in Kabul

A major township consisting of 3,330 apartments was inaugurated in Kabul on Sunday by Afghan  and government officials. Funded by the UAE officials, the township is named Sheikh Khalifa bin Zaid Al-Nahyan or the Emirates Township. Addressing the inaugural ceremony,

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DABS signs contracts worth $70.5mn for electricity projects in Bamyan

Da Afghanistan Breshna Sherkat (DABS), Afghanistan’s national electricity company, signed three contracts worth USD 70.5mn for implementation of electricity projects in Bamyan with Indian and Chinese firms on Sunday in the presence of President Mohammad Ashraf Ghani. The three contracts

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National Summit of Afghan Businesswomen held in Kabul

A national summit of Afghan businesswomen has been launched in Kabul with support from USAID’s Promote: Women in the Economy (WIE) project, in close cooperation of the Office of the Chief Executive of the Islamic Republic of Afghanistan. The summit

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400 Afghan Women Trained to Join the Government Workforce  

At least 400 Afghan women graduated today from an internship program aimed at providing Afghanistan with a pool of educated women ready to join the government workforce.  The women were participants in USAID’s Promote: Women in Government (WIG) project. WIG

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First RECCA Ambassadorial Coordination Meeting of 2018 held in Kabul

Afghanistan’s Ministry of Foreign Affairs hosted the first RECCA Ambassadorial Coordination Meeting of 2018 today in Kabul. The meeting was attended by the Heads of Mission of the RECCA regional and partner countries and organizations, deputy ministers and high level

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First Expert Group Meeting on Lapis Lazuli Route Agreement held in Turkmenistan

The First Expert Group Meeting on the implementation of the Lapis Lazuli Route Agreement held with the participation of experts from Afghanistan, Turkmenistan, Azerbaijan, Georgia, and Turkey on April 13, 2018 in Ashgabat, Turkmenistan. The delegation of Afghanistan included representatives

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Afghan Finance Minister briefs Lower House on national revenue

Afghan Finance Minister Eklil Hakimi and Deputy Finance Minister Karim Baz provided information on the national revenue and other activities and achievements of the ministry to the Wolesi Jirga or the Lower House of the parliament. Hakimi highlighted the achievements

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Turkish, Afghan traders meet to discuss joint investment opportunities

A high-ranking Turkish delegation met with officials from Afghanistan’s Chamber of Commerce and Industries (ACCI) in Kabul on Sunday to discuss investment opportunities available in the two countries. Led by the Turkish Deputy Minister of Economy Fatih Metin, the delegation

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Afghan Economic Growth to remain at 2.5% in 2018, 2019 amid political instability

The Asian Development Bank (ADB) in its Asian Development Outlook (ADO) 2018 report has projected Afghanistan’s economic growth at 2.5% in 2018 and 2019 amid tenuous political situation and deteriorating political situation. The report adds that parliamentary and presidential elections

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Conference in Kabul promotes renewable energy and women’s participation in energy sector

The Afghanistan Renewable Energy Union (AREU) initiated a conference, supported by the Afghan-German Cooperation, in Kabul to promote renewable energy and energy efficiency among entrepreneurs in Afghanistan and to increase women’s participation in the energy sector.  Around 120 representatives from

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Japan provides over $US 2.3 million for Irrigation and Fiscal Support in Afghanistan

The Government of Japan announced over $2.3 million new assistance to the Government of Afghanistan on Wednesday.  The funding will be contributed through the Afghanistan Reconstruction Trust Fund (ARTF), which is administered by the World Bank.  The new package will

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Afghanistan, WB sign $691mn worth of grant agreements

The World Bank has committed to providing $ 691mn to help revive Afghanistan’s economy and improve access to quality healthcare. An agreement to that effect was signed between Afghan Finance Minister Eklil Hakimi and World Bank Country Director Shubham Chaudhuri

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Japan contributes USD 5.3 million for Humanitarian and Emergency Assistance in Afghanistan

The Government of Japan has recently provided 5.3 million fund to UNHCR, UNICEF, UNMAS, WFP, WHO and IOM for humanitarian and emergency assistance in Afghanistan. The funding from Japan will allow those agencies to address humanitarian challenges through provision of

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China extending CPEC to Afghanistan

The Asian Competitiveness Annual Report 2018 released on Sunday on the sidelines of China’s Boao Forum for Asia (BFA) annual conference said the China-Pakistan Economic Corridor (CPEC) is being extended to Afghanistan. CPEC is the flagship project of China’s ambitious

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SDGs Workshop on Agriculture and Natural Resources Management Held Across Afghanistan

The Afghanistan Research and Evaluation Unit (AREU) with the support of the Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Agriculture, Irrigation and Livestock (MAIL) are set to conduct workshops across seven regions in Afghanistan.

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President Ghani approves National Export Strategy

Afghanistan’s High Economic Council (HEC), chaired by President Mohammad Ashraf Ghani, on 3 April endorsed a National Export Strategy (NES), which aims at growing the country’s exports in the short, medium and long term. This follows its previous approval by

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Afghan construction companies lose $222mn in 4 years

The Construction Companies Union (CCU) of Afghanistan claim that the construction sector has suffered USD 220mn in losses during the past four years and 100,000 employees of the sector have been left unpaid. Addressing the 10th annual conference “Construction Business

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Afghanistan’s first maternal health mobile app

WISE Afghanistan, a non-profit organization, has launched the first maternal health mobile app in the country called Salamat aimed at improving antenatal and postnatal care for mothers and their children. The organization signed a memorandum of understanding (MOU) with leadership

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USAID Donates $25 million to WFP to Support Vulnerable Afghans

The United States Agency for International Development (USAID) announced on Tuesday it has donated $25 million to the United Nations World Food Program’s (WFP’s) Afghanistan Protractive Relief and Recovery Operation (PRRO) to provide cash-based and food assistance to nearly 1.7

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Afghan government signs contract for Jawzjan’s $39mn dollar gas pipeline project

The contract for Jawzjan’s USD 39mn dollar gas pipeline project was signed on Sunday in the presence of President Mohammad Ashraf Ghani in the presidential palace. The statement adds that the contract was signed between Ehsanullah Bayat, owner of the

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Ranveer Singh-Deepika Padukone tie the knot

Ranveer Singh and Deepika Padukone tied the knot in a quiet, secret ceremony weeks ago at an undisclosed beach destination. According to Firstpost, friends of the couple have revealed the Padmavaat stars’ marriage. This comes just a day after news

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