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Karzai Off To Shanghai for CICA Summit

KABUL: President Hamid Karzai on Sunday left for China to participate in a Conference on Interaction and Confidence Building in Asia (CICA), to be held in Shanghai, his office said. The international forum seeks to strengthen cooperation in building peace, security and stability in Asia. China has been chosen as CICA president for the period from 2014 to 2016. Kazakhstan President Nursultan Nazarbayev float ...

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The Achievements of Past and Challenges Ahead

By: Abdul Maruf “Ghiasee” After months of heated debates and tireless efforts from all parties involved in the process, the first round of the election produced no clear winner, and the Independent Election Commission set 14 of June for the second round of the elections. The outcome of the first round of the elections has been hailed as a major achievement for Afghanistan and a remarkable victory for its na ...

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The Flawed Assessments of Reconstruction Projects

  US top auditor in Afghanistan John Sopko has once again highlighted vulnerability of Afghanistan’s reconstruction efforts after the US pulls out of the country by end of this year. The head of US auditing body for US aid in Afghanistan said Afghanistan would be lucky if it keeps the lights on after the US leaves behind a country with dozens of large-scale projects which are far from being completed. ...

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Safi Airways to Begin Kabul-Jeddah Flights

  Safi Airways, the privately-owned international airline of Afghanistan, on Monday announced plans to commence Kabul-Jeddah flights from June 9. The inaugural flight will leave Kabul at 7pm and land at 10.30pm at the King Abdul Aziz International Airport in Jeddah. The return flight will depart Jeddah at 11.55pm local time and arrive the next day in Kabul at 6.20am. The direct flights will be operated ...

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Afghanistan Signs First Satellite Deal

Afghanistan on May 10 started using its first ever satellite, AFGHANSAT 1, which will support a wide range of services, including broadcasting, telecommunications, and international connectivity. The Afghan government has signed a contract with European satellite operator, Eutelsat to deploy the in-orbit satellite. Information Technology and Telecommunications Minister Amirzai Sangin said it was a "historic ...

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Renewable Energy Association launched

    More than 40 companies operating in the field of renewable energies met in here to launch the Afghan Renewable Energy Association, the German Cooperation with Afghanistan said on Tuesday. Private-sector companies discussed how they could play a greater role in promoting the use of renewable energy in Afghanistan, a statement from the German organisation said. The association will ensure effect ...

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Sri Lanka to joint 10 countries to lobby for migrant worker’s rights

  COLOMBO, May 5 - Sri Lanka is considering joining 10 other countries to lobby for greater rights for its nearly two million migrant workers, an official said on Monday. Welfare benefits that the countries would canvass for include better wages, benefits and insurance coverage for local expatriate workers taking up employment in West Asia and other foreign capitals. Additional General Manager of Sri L ...

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Cabinet OKs law against money laundering

  KABUL: The Cabinet on Monday accorded approval to two draft laws combating money laundering and terrorist financing, the Ministry of Finance said. The laws were drafted to address weaknesses in the banking sector in the wake of the Kabul Bank crisis and further improve Afghanistan’s financial sector. A statement from the ministry said the laws had been drafted in consultation with relevant internatio ...

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Labor Rights Being Trampled on: AAFTU

  KABUL - On the eve of International Labour Day falling on May 1, the All Afghanistan Federation of Trade Union (AAFTU) chief alleged on Wednesday workers’ rights were being trampled alike by private and government sectors. Joblessness was rising in Afghanistan with each passing day and the government had done nothing for the labour community during the past decade, Dr. Liaqat Adil, head of AAFTU, tol ...

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India and Indonesia Pursue Different Economic Paths

India and Indonesia, relegated to the ranks of the "fragile five" economies, have witnessed a sudden uptick in foreign investment as they go to the polls. Financial markets have responded exuberantly to the prospect of Narendra Modi and Joko "Jokowi" Widodo assuming power in New Delhi and Jakarta, respectively, where they are expected to initiate more "reforms" -- a much-bandied-about word that in this cont ...

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Ariana Afghan Airlines Posts Historic Results

  KABUL - The national Ariana Afghan Airlines (AAA) on Wednesday posted the highest quarterly results in number of passengers, revenues and on-time performance in the international carrier’s 59-year history.  A statement by the AAA said that as comparing the first quarter operational results for 2014 to the same period last year, the figures note a 16 percent increase in revenues and a dramatic 29 perc ...

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MoEC: New Economic Policy to Revitalize Economy

KABUL - Afghan Ministry of Economy (MoEC) Spokesman, Najibullah Amin, reported on Monday that the extractions of mines, energy generation and establishment of infrastructure projects have been included in the new economic policy and that its implementation requires long term international support. Amin said if the projects are actually executed it will bring visible economic change to the country within thr ...

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National Economic Gathering Held In Kabul

Kabul (BNA) -  Afghanistan national economical gathering was held yesterday in Kabul. BNA correspondent reported, the gathering held by Afghanistan Chambers of Commerce and Industries and participation of a number of traders, investors and economists of the country and existing challenges in private sector and solutions were analyzed and reviewed. In the gathering, head of ACCI spoke and said, “Results of t ...

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US Commitment to Afghan Economic Transition

In a new generous aid package to Afghanistan, the United States has proposed about 300 million dollars to boost Afghanistan’s economy as the US-led forces are withdrawing from the country. According to the reports, the aid package tops to $300 million over five years for Afghanistan in an effort to stabilize the economy and strengthen Afghanistan’s financial institutions. The announcement of the aid package ...

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US Plans $300m in New Aid to Afghanistan

KABUL - Ahead of a drawdown of troops from Afghanistan, Washington is mulling over $300 million in new aid programmes over next five years to stabilise the country's war-tattered economy, the USAID chief said on Monday. Larry Sampler told the news website Bloomberg the aid covered education, trade and agricultural initiatives. “Going into transition in Afghanistan there has to be economic growth, economic a ...

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MTN Opens New Branch in Gulbahar Business Center

Kabul- On November 18, 2013, MTN Afghanistan’s newest branch opened in Gulbahar Business Center in Malik Azghar Square. As the 15th branch in Kabul, it is a reflection of MTN’s strong business growth in Afghanistan and a result of its strategic goal to provide easy access to its customers, wherever they may be. Gulbahar Business Center is currently one of the major malls and business centers situated in the ...

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Afghanistan’s Economy, From Civil War to 2014 And Beyond

AttaullahNawrozy - Afghanistan has been a war stricken country. The civil war for overly three decades destroyed the infrastructure in the country altogether, which profoundly affected the economy of Afghanistan. During the civil war, Afghanistan’seconomy descended to the lowest level that led the GDP (PPP) of Afghanistan at average $2billion in a year. (indexmundi.com) The civil war ended and gave birth to ...

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Ghazanfar Oil Refinery Re-opens

The Ghazanfar Oil Refinery reopens after the final decision of the Council of Ministers. A review committee and expert analysts have concluded that the refinery meets ANSA (Afghanistan National Standards Authority) and international standards in processes and product quality. All previous allegations against the refinery have been found to be inaccurate and wrongfully claimed. In addition to the Council of ...

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New Kabul Bank Up for Biding

KABUL - Two companies, from of four that have expressed interest in purchasing the New Kabul Bank, submitted their documents to the Ministry of Finance (MoF) on Monday.MoF officials said that the documents of these two companies, which they declined to name, would be evaluated by a special commission within the next two weeks. The most company be suited for the deal will have their documents approved and be ...

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Bilateral Cooperation Agreement with Iran

Afghanistan and Iran will sign a bilateral cooperation agreement. During his visit to Tehran, President Hamid Karzai and his Iranian counterpart Hassan Rouhani agreed to start negotiations for signing the bilateral cooperation agreement between Iran and Afghanistan. President Karzai’s trip to Iran has coincided with the increased tensions between Afghanistan and the United States over the bilateral security ...

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