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World Bank Approves $200mn to Help Afghanistan Mitigate COVID-19 Impacts

The World Bank Board of Executive Directors today approved a $200 million grant to help Afghanistan mitigate COVID-19 impacts and provide relief to vulnerable people and businesses. The Afghanistan COVID-19 Response Development Policy Grant comprises $100 million from the International

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Today’s Exchange Rates in Kabul Market

1USD  دالر 1 77.00 1 EUR 1 یورو 85.70 1 POUND 1 پوند 94.20 1 S.RIAL 1 ریال سعودی 20.20 1 UAE DIRHAMS 1 درهم امارات 20.70 1 FRANC 1 فرانک 78.70 1 AUS $ 1 دالر آسترالیا 51.50 1

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Afghan Gov’t Signs 259 Development Projects Worth Over 700mn Afghanis

Afghan Minister of Rural Rehabilitation and Development, Mujeeb-ul-Rahman Karimi, signed the agreement for implementation of 259 development projects worth over 723 million Afghanis. Addressing the signing ceremony on Wednesday, Minister Karimi said the projects will be implemented in 29 provinces:

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Afghanistan’s Economy To Plummet By 3% & Poverty To Increase By 7%

Afghanistan’s economic growth will decline by 3% and poverty will increase by 7% this year due to the spread of the coronavirus, said Economy Minister Mustafa Mastoor. Minister Mastoor made these remarks at a virtual summit entitled “Supporting the Revival

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$49mn Contribution from USAID to Assist Food-Insecure Communities in Afghanistan

The United Nations World Food Program (WFP) has received a new contribution of US$ 49 million from USAID’s Bureau for Humanitarian Assistance towards programs that help meet the food and nutrition needs of vulnerable communities in the country. “Providing food

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Badghis’s Pistachio Production To Double This Year

The Agriculture, Irrigation and Livestock department in Badghis province are expecting pistachio production to reach to 36,456 tons this year, which is double the amount of last year’s production. Last year, pistachio production was affected by drought; however, this year

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Afghanistan, Turkmenistan, & Azerbaijan To Form a Joint Committee To Expand Trade

The leaders of Afghanistan, Turkmenistan and Azerbaijan held a virtual tripartite meeting on Thursday to discuss trade cooperation. Proposed by Azerbaijani President Ilham Aliyev, the joint committee will work on regional connectivity, railway development, fiber optics, and transportation and will

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Afghanistan’s Exports to Europe Via Air Corridors Have Resumed

Officials of Afghanistan Chamber of Commerce and Industries have announced that exports of Afghan products to European countries via air corridors have resumed. According to the officials, 29 tons of goods, including dried and fresh fruits, rugs, and medicinal herbs,

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Afghanistan’s Anti-corruption Reforms Slowed in 2019

Sustained and effective efforts in fighting corruption in Afghanistan remain critical for the country’s future, finds a new United Nations report released on June 18. “Anti-corruption efforts and integrity reforms must be key priorities for Afghanistan’s leadership, especially so given

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Afghanistan & Pakistan to Open Key Trade Route Starting June 22

Pakistan has agreed to open the Ghulam Khan border in north Waziristan, a key route for cross-border trade with Afghanistan, on June 22. The border was closed in June 2014 following a major operation against militants in the area by

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New Flood Protection Wall & Irrigation Channel Benefits Almost 20,000 Takhar Citizens

Provincial authorities together with the director of Taloqan River Basin Agency (TRBA) inaugurated a flood protection wall in the city of Taloqan, Takhar Province. The 1.5-kilometre-long wall will protect two villages as well as infrastructure along the Taloqan River, and

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New Interventions In Place To Enable Safe Transit of Cargo Trucks at Afghan-Pak Borders

The United States Agency for International Development (USAID), in partnership with Harakat Afghanistan Investment Climate Facility Organization, launched two interventions to improve the efficiency of the movement of goods at Afghanistan’s Torkham and Spin Boldak border posts with Pakistan. The

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Bollywood Actor Sushant Singh Rajput Dead at 34

Bollywood actor Sushant Singh Rajput was found dead at his home in Bandra, Mumbai on Sunday.  Accordinf to early reports, his death was by suicide. He was 34. Mumbai police have confirmed the actor’s death and have opened an investigation.

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Ahmad Zahir- Icon of Afghan Music and the heartthrob of many!

Born on 14 June 1946, Ahmad Zahir was a singer, songwriter and composer from Laghman province, Afghanistan. He was considered the Elvis Preseley of Afghanistan for his similar style of music i.e. rock and pop. Ahmad Zahir’s father, Abdul Zahir,

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Germany Commits over AFN 5 Billion to Help Mitigate Social & Economic Aspects of COVID-19

The German Federal Ministry for Economic Cooperation and Development (BMZ) has pledged AFN 5.77 billion (EUR 69.8 million) to Afghanistan. The funds are for immediate and direct response to challenges of the Afghan public sector and the private economy to

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Afghanistan, Uzbekistan Support Development of a Free Economic Zone

The leaders of Afghanistan and Uzbekistan discussed various cooperation areas in a virtual meeting spearheaded by the United States on the occasion of the inaugural U.S. – Afghanistan – Uzbekistan Trilateral Meeting. The teleconference was attended by Afghan Foreign Minister

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The Secret Behind Swiss Economic Success

Follow @economics.daily for more business and economics news from around the world. Despite possessing scarce natural resources and being landlocked, Switzerland has managed to climb the global ranks to now have the second highest GDP per capita of $82,000. The

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Afghanistan To Launch Its First Gemstone Certification Lab

Silk Road Heart will be Afghanistan’s first gemstone certification lab and lapidary to be launched in June 2020 with support from USAID INVEST. According to Medium.com, the gemstone certification lab in Afghanistan will identify, certify, cut and polish the stones

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The Rise & Fall of the Deserts of Southwest Afghanistan & its Impact on Migration, Poppy and Stability

The Afghanistan Research and Evaluation Unit (AREU) has recently published its recent synthesis paper, “When the Water Runs Out: The Rise (and Inevitable fall) of the Deserts of Southwest Afghanistan and its Impact on Migration, Poppy and Stability”. This paper

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World Bank Approves $400mn To Help Afghanistan With COVID-19 Crisis and Beyond

The World Bank Board of Executive Directors today approved a $400 million grant to help Afghanistan sustain the pace of key economic and public finance reforms, and support the country to manage current risks and uncertainties compounded by the COVID-19

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Afghan Millennial Woman Opens Jewelry Business in the U.S.

“As an Afghan economist I have always wondered whether Afghanistan is a rich or poor country?” says Tania Aria, the founder of Afghan jewelry brand Veezha.  Looking at the GDP rates obviously one would say it is a poor country,

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What Will Be the Economic Recovery Shape?

The world economy is crumbling due to the COVID-19 pandemic. What shape will the economic recovery take? V-shaped: Some more optimistic economists predict the recovery to take the shape of a V where the economy suffers a sharp economic decline,

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Climate Change: A Major Global Threat

By: Isidoros Karderinis The climate change—the change in the global climate and in particular the changes in meteorological conditions that extend on a large time scale, is a major global existential threat, much greater than COVID-19. The greenhouse effect causes

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How to Save Afghanistan’s Groundwater?

The Afghanistan Research and Evaluation Unit (AREU) today launched its  recent research Issues Paper, “Surface Groundwater Interaction in the Kabul Region Basin”, authored by Dr Najibullah Sadid and generously funded by the European Union (EU). This paper is part of

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Bollywood Mourns The Demise of Its Finest Actor, Irfan Khan

India’s versatile actor, Irfan Khan, who was also well-known for his roles in Hollywood, passed away at the age of 53 from colon infection. The actor battled a high grade neurocendocrine tumor in 2018 and announced his recovery in 2019.

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