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Oil Price Spike—a Threat to the Global Economic Recovery

Analysts and policymakers are worried as oil price has gone up by 15% in 2012. The two main factors behind this are the unrest in the Middle East and the sanctions imposed against Iran. Christine Lagarde, managing director of the

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US exempts Japan and EU nations from Iran oil sanctions

The US government will not impose sanctions on Japan and 10 European Union nations that have reduced their oil imports from Iran. Ordered by Congress in December, the sanctions aim to punish countries that continue to buy oil from Iran.

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Afghanistan corruption 'could see UK cut off security funds'

Britain could withdraw funding for Afghanistan’s security forces if the Afghan government fails to tackle the country’s huge corruption problems, the outgoing British ambassador to Kabul has warned in a valedictory interview with the Guardian. When foreign combat troops leave

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Afghanistan corruption ‘could see UK cut off security funds’

Britain could withdraw funding for Afghanistan’s security forces if the Afghan government fails to tackle the country’s huge corruption problems, the outgoing British ambassador to Kabul has warned in a valedictory interview with the Guardian. When foreign combat troops leave

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China rail audit reveals millions lost on fraud

Millions of dollars have been embezzled from the Beijing-Shanghai high-speed rail link project, China’s state news agency Xinhua reports. Audit officials said that 491m yuan (£49m: $77.8m) was lost due to “irregular practises in the construction and management”. That money

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Foreign troop withdrawal, fear about impact of Afghan economy

President Obama’s announcement of troop withdrawal in 2014 has given rise to grave concerns about the future of the Afghan economy. Afghan and American officials fear that the pull back of American and other foreign forces will send the already

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Alternative to Poppy Cultivation—Afghan Farmers’ Viewpoint

Agricultural specialists, farmers, representatives from development councils and the Department of Agriculture conducted a meeting yesterday to investigate the challenges and options for alternative crops to poppy growth. Farmers complained about the poor quality of seeds and fertilizers, lack of

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Lagarde says China must reform economy and yuan

International Monetary Fund (IMF) head Christine Lagarde has said that China must stop its economy being too dependent on exports and investment. She also said the yuan could become a global reserve currency if China implemented market-oriented changes. Ms Lagarde

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Joint Chamber Established between Afghanistan and Pakistan

The Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has opened in Karachi on the 13 March in a move to resolve transit issues between the countries and attract investors. This step has been agreed in the Afghanistan Pakistan Transit

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Unemployment Increasing among Educated Youths of Bamiyan Province

A high number of educated young people in Bamiyan are unemployed. They have complained that in spite of investing enormous amounts of money in continuing their education and obtaining qualifications, they are still jobless due to lack of job opportunities

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Etisalat Granted Afghanistan's First 3G Licence

Private telecom company Etisalat Afghanistan will launch Afghanistan’s first 3G network after signing an agreement with the Afghan government on Monday. Afghanistan’s Minister of Communications and Information Technology, Amirzai Sangin, said Etisalat was the first company to receive a 3G

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Etisalat Granted Afghanistan’s First 3G Licence

Private telecom company Etisalat Afghanistan will launch Afghanistan’s first 3G network after signing an agreement with the Afghan government on Monday. Afghanistan’s Minister of Communications and Information Technology, Amirzai Sangin, said Etisalat was the first company to receive a 3G

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Department of Economics Opened in Jowzjan, North of Afghanistan

A number of government and non-government officials is preventing the implementation of development projects in the Jowzjan province. Jowzjan Governor Mohammad Alam Saai on the occasion of the inauguration of the Economics Department in Jowzjan said that there are some

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Owner of Gulbahar Sentenced for Corruption

The business owner of Gulbahar Center and Towers, Gulbahar Habibi, and two of his associates were sentenced to six years in prison, while the head of a group of forgers was sentenced to 18 years, head of the Anti Corruption

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Gold, fuel up, sugar down in Kabul

Prices of gold, gas and petrol have increased and sugar declined during the outgoing week in Kabul, where rates of other daily essentials remained stable, retailers said on Thursday. Abdul Baseer, a jeweler in the Lecce-i-Maryam neighbourhood, told Pajhwok Afghan

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Afghanistan's Assembly Rejected 1391 Budget Plan

Afghanistan’s House of Representatives has declined the budget for fiscal year 1391 due to “imbalances” in the budget.  The budget has disregarded allocations for the development of different provinces of Afghanistan, according to the members of the House. Moreover, adequate

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Afghanistan’s Assembly Rejected 1391 Budget Plan

Afghanistan’s House of Representatives has declined the budget for fiscal year 1391 due to “imbalances” in the budget.  The budget has disregarded allocations for the development of different provinces of Afghanistan, according to the members of the House. Moreover, adequate

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Af-Pak Chamber of Commerce Opens in Karachi

The joint Afghanistan-Pakistan Chamber of Commerce has opened in Pakistan in a move to resolve transit issues between the countries and attract investors, the Afghan Chamber of Commerce deputy chief Khan Jan Alokozai said Sunday. The establishment of the joint

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Lady Gaga concert in Indonesia termed ‘un-Islamic’

A member of Indonesia’s highest Islamic authority has said Muslims should stay away from an upcoming concert by American pop star Lady Gaga, who he said aimed to undermine the values of the world’s largest Muslim country. “(The concert is)

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Iranian company wins bid to establish Herat cement plant

An Iranian company was recognized as the winner of a bid to establish a cement factory in the western Herat province, an official said. “The Peshgaman Company of the Islamic Republic of Iran has won the bid to establish the

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Brazil to File Charges against US Oil Company for another Oil Leak

Brazil will bring criminal charges against 17 executives of the US oil company, Chevron, along with the drilling contractor Transocean after a new leak of crude is discovered in Brazilian field. The charges would include “environmental crimes” in a federal

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Finance ministry to bring changes to budget

The finance ministry on Sunday promised bringing changes to the annual budget, hours after its rejection by an overwhelming majority of Wolesi Jirga, lower house, members. The national assembly refused to endorse the proposed accounts due to uneven allocations to

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Transition of Power from Industrialized to Emerging Economies?!

KPMG’s Global Cities Investment Monitor reveals the top cities in the world for foreign investment. London leads the list for attracting investment in property and infrastructure projects, such as Crossrail. The report reflects on the rise of emerging economies. China

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National Museum of Afghanistan

The National Museum of Afghanistan, also known as the Kabul Museum, is situated in the center of Kabul City. It was built during the reign of King Amanullah Khan in 1922. The collections dated back to several millennia and were

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Afghan Central Bank: Deposits safe in closed Iranian bank

Officials in the Afghan Central Bank (Da Afghanistan Bank) on Tuesday announced that the public deposits in the Kabul branch of the Iranian Aryan Bank is secure despite the license of the named bank was cancelled by the Iranian government.

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