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US mulls new sanctions to kill Iran-EU trade vehicle The Trump administration is now weighing sanctions on Iran’s counterpart to the European special-purpose vehicle for humanitarian trade, Bloomberg says.
The financial news provider quoted a senior administration official as saying that the latest measures will target the Special Trade and... |
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NATO Has Commended Reforms In Afghan Institutions: Qayumi Acting Finance Minister Mohammad Humayun Qayumi says the NATO Secretary General Jens Stoltenberg and the alliances partners have commended reforms in the Afghan governments civilian and military institutions and have reaffirmed their commitment to the financial sustainment of the Afghan security forces... |
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US imports rise from other nations amid China trade war: Data US President Donald Trump’s tariffs imposed on Chinese goods are driving some American manufacturing out of China, but a significant amount remains outside of the United States, US government data shows.
Rather than boost US factories, a number of other countries, particularly China’s... |
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China vows to fight to the end if US intensifies trade war China has vowed to “fight to the end” if the US decides to intensify its trade war amid a renewed threat by the President Donald Trump to impose additional tariffs on Chinese exports.
"If the United States willfully decides to escalate tensions, well fight to the end," said the... |
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China strikes back at US with tariff hike on goods worth $60bn China has announced plans to impose tariffs on 60 billion dollars worth of US goods as of the beginning of next month, a retaliatory measure taken amid escalating trade war between the two sides in the aftermath of Washingtons move to tax almost all Chinese imports to the United States.
The... |
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Germany pledges 59 million euros to Afghanistan The announcement was as government consultations on cooperation between Afghanistan and Germany in 2019 ended on Tuesday.
An additional 100 million euros or 8.7 billion afghanis shall be allocated to the Afghanistan Reconstruction Trust Fund, a German press release said. That will be subject to the... |
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US fines Standard Chartered $1.1bn over Iran transactions London-based Standard Chartered has been fined $1.1 billion by US authorities for allegedly breaching sanctions against Iran and other countries.
The fine is one of the largest imposed on a bank since France’s BNP Paribas had to pay $8.9 billion in penalties in 2014 over alleged sanctions... |
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Afghanistan Loses $8m After Pakistans Airspace Closure The Civil Aviation Authority estimates that the closure of Pakistans airspace to commercial flights cost Afghanistan at least $8 million in more than a month.
Pakistan closed its airspace to all commercial flights late in February after escalating tensions with India. The airspace was opened to some... |
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UK food prices rise as no Brexit deal reached British shop prices have risen for the first time in five years as British retailers warn that no-deal Brexit will have "severe consequences" to the economy.
Food prices rose in August as a long spell of hot, dry, weather reduced yields of some foods produced in the UK, while oil and agricultural... |
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UK Contributes 10m Aid to Drought-hit Afghans The United Kingdom has announced £10m of emergency food aid to 1.4 million people in Afghanistan whose lives are at risk from a deadly drought.
The UK is one of the first countries to support the United Nations’ appeal. Our rapid response will help import and distribute food and nutrition... |
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Frances PSA again reverses on Iran deal in deference to US PSA, the maker of Peugeot and Citroen cars, has become the latest French company to suspend its joint venture activities in Iran, despite promising to stand its ground in the face of sanctions.
A statement attributed to the carmaker said PSA “began the process of suspending the activities... |
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UN: Trump forcing millions of Americans into financial ruin The United Nations monitor on poverty has warned that US President Donald Trump is forcing millions of Americans into financial hardship, depriving them of food and other basic needs while lavishing vast riches on the super-wealthy.
Philip Alston, who is the UN Special Rapporteur on extreme poverty... |
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Afghanistans 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... |
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Afghanistan-Iran Trade Volumes Rise Afghanistan Chamber of Commerce and Industries (ACCI) says Iran was Afghanistans 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... |
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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 Fridays ceremony was President Ashraf... |
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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 countrys Water and Energy minister will visit Afghanistan... |
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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... |
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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... |
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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... |
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Islamic Banking System Could Boost Countrys 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... |
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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... |
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South Korea is Irans 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... |
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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 Kabuls ring road as a long-term loan.
According to finance ministry officials, the money will be invested in the first phase of Kabuls ring road... |
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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... |
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Russian Mir cards to replace Visa, MasterCard soon Russias 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... |
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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... |
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Iran, Russia finalizing oil-for-goods 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... |
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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... |
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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... |
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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... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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