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MPs Divided Over Move To Impeach NDS Chief             Trump invites President Putin to White House             Four Palestinians killed in clashes with Israeli soldiers in eastern Gaza            Armenian police arrest more amid ongoing protests             Afghanistanís Economy Stalls without Troop Presence: SIGAR             There was already intíl consensus on Karzai as Afghan leader before Bonn conference: Qanooni             We hope to see the day when two Koreas can live in peace: Trump            Japan, Australia to take part in Philippine-US military drills            North Korea willing to give up nukes if it feels no more threat from US: Analyst             Iraqi air forces hit Daesh positions in Syria in coordination with Damascus            Macron to meet Merkel to push for EU reform plans             Facebook seeks to limit effects of new EU privacy law            Indian Scientist Finds Way to See Wormholes in Space-Time            Moon Colonization: Why Do We Want It and What Technologies Do We Have?             President Erdogan declares June 24 for snap elections in Turkey            

Afghanistanís Economy Stalls without Troop Presence: SIGAR

The Afghanistanian economy tanked after large numbers of coalition troops and the jobs created to support them left the country, indicating a 16-year, $122 billion reconstruction effort failed to develop a sustainable economic...



Afghanistanís Economy Stalls without Troop Presence: SIGAR

The Afghanistanian economy tanked after large numbers of coalition troops and the jobs created to support them left the country, indicating a 16-year, $122 billion reconstruction effort failed to develop a sustainable economic system, according to a US watchdog agency. Businesses that boomed in Afghanistan...




Afghanistan-Iran Trade Volumes Rise

Afghanistan Chamber of Commerce and Industries (ACCI) says Iran was Afghanistanís biggest trade partner in the last solar year - March 2017 to 21 March 2018 - and exported goods to the value of over $1.98 billion USD. The ACCI said trade volume between Afghanistan and Pakistan was $1.2 billion USD in...




Work On Afghanistan Section Of TAPI Project Launched

A ground-breaking ceremony was held in Herat on Friday to launch the start of work on the Afghanistan section of the key Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project that will feed natural gas to the three countries from Turkmenistan. Attending Fridayís ceremony was President Ashraf...




High-Level Russian Delegation to Visit Kabul for Trade Talks

The Afghanistan Chamber of Commerce and Industries (ACCI) on Tuesday said a high-ranking delegation of Russian officials will visit Kabul soon to discuss investment opportunities in Afghanistan. "A delegation of sixteen Russian investors led by the countryís Water and Energy minister will visit Afghanistan...




Russia buying more gold in push away from dollar

Indications have appeared that Russia has been expediting its purchases of gold in a campaign which is meant to phase in a gold-backed standard of trade with little reliance - or no reliance in the eventual phase - on the US dollar. The website of Russia Today, the Russian television news channel, quoted...




Upcoming event in India big opportunity for investment in Afghanistan: CE Abdullah

The upcoming trade event, involving representatives from Afghanistan, India and the United States, is a big opportunity for investment in Afghanistan, Chief Executive Abdullah Abdullah said Monday. The event in New Delhi, sponsored by U.S. and hosted by India, will be first of its kind and it comes...




US current account deficit reaches $123 billion

The deficit in the broadest measure of US trade rose to the highest level in more than eight years this spring, reflecting in part a drop in fines and penalties paid by foreign companies. The deficit in the current account increased to $123.1 billion, up 8.5 percent from an imbalance of $113.5 billion...




Islamic Banking System Could Boost Countryís Economy

Officials from the Afghan Banking Union on Tuesday said the Islamic banking system was one of the best strategies to leverage the economy and attract investment in the country. They said the Islamic banking system is a trusted system and it ensures safe banking . According to the union, currently up...




Iran lures Afghan traders into investing in Chabahar port

Iranian officials have said Afghan traders can get a 25 percent discount on investment at Chabahar port besides availing land and other facilities. Afghan traders could export their fruits to other countries from the seaport in southeastern Iran, according to officials of southern Kandahar province...




South Korea is Iranís new natural gas client

State-run Korea Gas Corp (KOGAS), the world’s second-largest single buyer of liquefied natural gas (LNG), says it plans to import natural gas from Iran as well as explore opportunities to acquire gas field stakes in the country. A KOGAS official said the company was looking to diversify its...




IDB Lends Kabul $74 Million For Ring Road

Ministry of Finance (MoF) officials on Saturday said the Islamic Development Bank (IDB) has provided government with $74 million USD for the construction of Kabulís ring road as a long-term loan. According to finance ministry officials, the money will be invested in the first phase of Kabulís ring road...




MUDH and Kabul polytechnic university sign MoU to boost expertise, urban development

An important Memorandum of Understanding was signed between the Ministry of Urban Development and Housing and Kabul polytechnic university mainly focusing on development of expertise and urban and housing sector in the country. The Minister of Urban Development and Housing Syed Sadat Mansoor Naderi...




Russian Mir cards to replace Visa, MasterCard soon

Russiaís biggest bank Sberbank says it is preparing to issue 10 million credit cards to citizens - a move which is expected to take the country closer to a plan to replace rivals like Visa and MasterCard. Sberbank announced in a statement that the recipients of what is called Mir credit cards would...




US formally launches probe of China trade ties

Washington has formally launched a probe into China’s alleged theft of US intellectual property (IP), in a move likely to spark a trade war with Beijing which has vowed to take “all appropriate measures” in response to the move. “On Monday, President Trump instructed me...




Iran, Russia finalizing Ďoil-for-goodsí deal: Novak

Russian Energy Minister Alexander Novak says Iran can start within next month the deliveries of crude oil to Russia under the "oil-for-goods" program. The arrangement dates back to 2014 when Iran tried to boost vital energy exports in the face of intensified Western sanctions. At the time, it...




Cargo Route Failure Draws Backlash From Business Community

President Ashraf Ghani's vision of cargo route between Afghanistan and India has failed, the Fresh Fruit Sellers' Union said on Tuesday. Exporters and have said that the Afghan businessmen have suffered millions of Afs losses due to the ineffectiveness of the air cargo route with India. "I am...




Russia Gradually Dumping US dollar in Response to Sanctions

 Russia plans to increase efforts to cut the country's dependence on US payment systems and the dollar following recent sanctions imposed by Washington. "We will, of course, speed up the work on import substitution, reduce dependence on US payment systems, on the dollar as a settling currency...




Private, public sector meet to review progress in reconnecting Afghanistan to regional markets

 Afghan government officials and private sector met in Kabul this week with representatives from the European Union and the International Trade Centre to take stock of progress on efforts to build Afghanistan's capacities to participate in regional trade. The 31 July meeting gathered together...




Qatar Airways withdraws plan to buy American Airlines stake

Qatar Airways says it has lost interest in buying a 10-percent equity stake in American Airlines after reviewing the investment, a move that might be rooted in the ongoing political rift between Doha and Washington's regional allies. "Further review of the proposed financial investment, taking into...




Qatar files legal protest with WTO to challenge trade boycott by Saudis, allies

Qatar has lodged a formal legal complaint with the World Trade Organization (WTO) over a trade boycott by Saudi Arabia, Bahrain and the United Arab Emirates (UAE) against the peninsular country, formally "requesting consultations" with the trio, as an unprecedented diplomatic rift further deepens in...




Tons Of Fruit Left To Rot As Flight Delays Continue

A number of traders on Monday said tons of fresh fruit has gone to waste at the Hamid Karzai International Airport because of the delay in cargo flights to India. The traders said 42 tons of fresh fruit was transported to the airport on Friday and was scheduled to have been flown out on Saturday. However...




Urban water supply contract worth $11.141 million signed for Kabul city

A contract for the urban water supply for Kabul city was signed in the presence of President Mohammad Ashraf Ghani. The contract worth $11.141 million will be supported by the United States Agency for International Development (USAID). The State Enterprise for Water Supply and Canalization and Mumtza...




War has Cost Syrian Economy $226 Billion: World Bank

Syria's six-year conflict has caused losses of $226 billion (Dh830bn) to its economy, according to estimates published by the World Bank on Monday. "The number of casualties is devastating, but the war is also destroying the institutions and systems that societies need to function, and repairing...




$19.6 million contract signed for new Salang tunnel technical studies

A contract worth $19.6 million was signed for the technical studies of the construction of a new tunnel in Salang pass. The contract was signed between the Ministry of Public Works and an Australian firm, SMEC, which is expected to launch its work for the technical studies in the near future. The Chief...




Construction Of TAPI Pipeline To Start Within A Year

The chairman of the Turkmenistan-Afghanistan-Pakistan-India Natural Gas Pipeline (TAPI) project, Muhummet Murat Amanov, said on Thursday that Türkmengaz has completed its evaluation phase of the project and has started laying the pipeline but that the four participating countries now need to finalize...




Ghani in Tajikistan for CASA-1000 summit, to meet Pakistani and Tajik counterparts

President Mohammad Ashraf Ghani arrived in Dushanbe, the capital of Tajikistan earlier today to attend a summit of the CASA-1000 project. A spokesman for the Presidential Palace said President Ghani arrived in Tajikistan this morning to join he CASA-1000 summit and meet with the leaders of Tajikistan,...




Qatar Gas Production Boost Challenges Trump's Plan of US Dominance

Qatar has announced plans to increase natural gas production by 30 percent thus effectively challenging US President Donald Trump's goal of "energy dominance." State-run Qatar Petroleum CEO Saad Sherida al-Kaabi, told reporters on Tuesday that Qatar Petroleum intends to raise production from 77...




US oil companies join Trump against Russia sanctions: Report

US energy companies such as Exxon and Chevron Corp are joining President Donald Trump against a new bill to toughen sanctions on Russia, a report says. The oils giants are accordingly notifying the Republican-controlled Congress that he bill could "disadvantage US companies compared to our non-US counterparts,"...




Afghanistan and Turkmenistan sign 7 agreements during President Ghaniís visit

The Afghan and Turkmenistan officials have signed seven agreements for bilateral cooperation during President Mohammad Ashraf Ghani's visit to Ashgabat. The Office of the President, ARG Palace, said the agreements were signed at the end of a meeting between President Ghani and his Turkmen counterpart. The...




Iran starts much-awaited gas exports to Iraq

Iran says it has started a much-awaited project to export natural gas to its western neighbor - Iraq. The National Iranian Gas Company (NIGC) announced that exports of around 7 million cubic meters per day (bcm/d) to Iraq's capital Baghdad had started from the late hours of Wednesday, June 21. NIGC...




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