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DABS working to increase power load from Uzbekistan Afghanistans power utility company Da Afghanistan Breshna Sherkat (DABS) said efforts are underway to normalize the transmission of electricity imported from Uzbekistan and to increase this supply to more than 450 megawatts.
DABS announced on Saturday that Uzbekistans electricity imports have been... |
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Bitcoin Tops $41,000, Setting New All-Time Record Earlier this week, the cryptocurrencys value hit $38,000, $39,000 and $40,000, each time breaking historical records.
Bitcoin has crossed the $41,000 mark for the first time, the CoinMarketCap reported.
According to the price-tracking website for crypto assets, bitcoin has gained 10.36% since Thursday,... |
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Afghan, Iran local officials sign trade agreement Iranian media reported that two provinces of Afghanistan and Iran on Thursday signed an agreement covering the energy, transportation, customs, production, and investment sectors.
The agreement signed during the fourth meeting of the Joint Economic Committee of Khorasan Razavi Province and Herat Province... |
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Oil gains with supply constraints in focus after Saudi cuts An oil rig (File photo)
Oil prices rose on Thursday after a fall in US stockpiles added further support following the unilateral decision by Saudi Arabia to cut output over the next two months.
Brent crude was up 20 cents, or 0.4%, at $54.50 a barrel at 0925 GMT. US West Texas Intermediate (WTI) gained... |
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Nearly 4,000 financial firms in UK could fail due to COVID: Regulator Canary Wharf business district in London, the UK (File photo)
Nearly 4,000 financial companies in the UK are facing "heightened risk" of collapsing because of the coronavirus pandemic and its fallout, according to the Financial Conduct Authority (FCA).
The FCA has surveyed 23,000 financial firms to... |
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US considering banning investments in Alibaba, Tencent by Americans This taken on February 5, 2020 shows a security personnel walking in front of the Alibaba headquarters in Hangzhou, some 175 kilometres (110 miles) southwest of Shanghai. (AFP photo)
The administration of outgoing US President Donald Trump is contemplating adding Alibaba Group Holding Ltd. and Tencent... |
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US imposes new tariffs on French, German products in Airbus-Boeing spat Frances President Emmanuel Macron and Germanys Chancellor Angela Merkel look at US President Donald Trump at the NATO leaders summit in Watford, Britain December 4, 2019. (Reuters photo)
The United States plans to impose more tariffs on French and German products amid a 16-year US-EU dispute over... |
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Afghan parliament rejects next years budget The Afghan parliament (Wolesi Jirga) on Wednesday rejected the new fiscal years budget due to "serious problems" which they said hinged on the disproportionate allocation of money including to emergency codes.
MPs stated the allocation of 13 billion AFN to one emergency kitty, without stipulating... |
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Pakistan, Afghanistan Hold Trade Talks Pakistan and Afghanistan on Monday kicked off high level talks in Islamabad to revise current transit trade relations and look into the possibility of a preferential trade agreement and a plan to establish border markets to facilitate bilateral trade, officials and diplomats told Xinhua news agency.
Afghanistan... |
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World Bank to Stop Funds Pending Access to Afghan Banking Data The World Bank in a letter to President Ghani on Nov 23 stated that it will stop $200 million aid to Afghanistan "till banking sector data is shared."
"I would like to alert you, however, to two important issues that remain to be resolved and may impact our capacity to disburse the full amount of... |
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India draws rebuke from Beijing over ban on more Chinese apps TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken Nov. 27, 2019.(Reuters photo)
China has criticized India after it banned dozens more Chinese apps amid the already strained relations between the worlds most populous countries.
The Indian government... |
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Saffron flower harvesting process underway in Helmand In order to promote saffron cultivation in Helmand province, the Ministry of Agriculture, Irrigation and Livestock (MAIL) set up 12 model farms in the province last year and farmers are now harvesting their "gold".
"Saffron cultivation in Helmand has been successful, I hope it grows [throughout] Helmand... |
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Iran finds deposit with 8 million tonnes of gold reserves This photo shows Bazman mountains in Sistan and Baluchestan where gold reserves have reportedly been discovered.
Iran has made a gold discovery in southeast Sistan and Baluchestan province, where definite reserves of 8 tonnes of the precious metal have been found, a provincial official says.
"The discovered... |
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Asian, European stocks sink as virus, stimulus sour mood A man looks at an electronic board showing a stock price of K-pop management agency Big Hit Entertainment after the companys initial public offering ceremony at the lobby of the Korea Exchange in Seoul on October 15, 2020. (AFP photo)
Concerns about the reimposition of virus lockdowns, stalled vaccine... |
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Citi to pay $400 million OCC fine over risk management issues Citigroup Inc. will pay a $400 million fine over deficiencies tied to its risk management and internal controls, the Office of the Comptroller of the Currency said in a Wednesday statement.
The OCC also said Citigroup must seek the regulators "non-objection before making significant new acquisitions,"... |
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ADB Approves $110M Grant to Enhance Afghan Power Supply The Asian Development Bank (ADB) on Wednesday approved a $110 million grant to boost the power supply and strengthen Afghanistans energy sector by improving its sustainability and promoting cross-border trade in energy, read an ADB statement.
According to the statement, the project will help address... |
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18 million tourism jobs at risk in EU Throughout the summer, this was a familiar site; those in the hospitality sector, standing around waiting for customers. The EUs tourism industry, which accounts for 10% of the blocs entire economic output or GDP, has been decimated by the coronavirus.
The crisis has been debated in the European... |
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How Iran is sharing lessons in resilience with Venezuela Workers of the Venezuelan state oil company PDVSA wave Iranian flags as the Iranian-flagged oil tanker Forest docks at the second-largest refinery, Cardon, in western Venezuela, May 27, 2020.
An Iranian supertanker that shipped the countrys first oil cargo to Venezuela last week despite US threats... |
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Facebook tells Irish court that probe threatens its EU operations: Newspaper Facebook tells Irish court that its EU operations would be at risk if the court goes on with a major probe.
Facebook has told Irelands High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing... |
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Govt approves four wind and solar power projects The Afghan High Economic Council has approved four wind and solar power projects in Herat, Kabul and Balkh provinces.
Laima Khurram, director of public-private partnership policy at the Ministry of Finance, said the projects would cost an estimated $160 million.
"One of the wind power projects is... |
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Asian, European markets sink after US Fed warning of uncertain outlook Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. (AP photo)
Asian and European markets dropped on Thursday following a warning by the US Federal Reserve of "uncertain" outlook for the American economy badly... |
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WTO finds US in breach of trade rules with tariffs on China The file photo shows the logo of the World Trade Organization (WTO) at its headquarters in Geneva, Switzerland. (By AFP)
The World Trade Organization (WTO) has declared that the United States breached international trade rules by imposing multibillion-dollar tariffs on China.
In a 66-page report on... |
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Korea pledges $1m to help Afghanistan tackle pandemic The South Korean embassy in Kabul signed a US$1 million grant with the World Health Organization (WHO) this week to assist in efforts to fight the COVID-19 pandemic in Afghanistan.
According to WHO, the organization will receive funding to implement the "Strengthening access to quality health care... |
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Pakistans exports to Afghanistan drop by 43.6% in July Pakistans exports of goods and services to Afghanistan dropped by 43.61 percent in July against the same period last year, the State Bank of Pakistan (SBP) reported.
According to Pakistans The Nation, exports totaled $61.25 million this July against exports to the value of $108.64 last year.
Imported... |
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IMF chief warns global economic crisis far from over IMF chief Kristalina Georgieva (File photo)
IMF chief Kristalina Georgieva has warned that a full recovery for the global economy is "unlikely" without a vaccine for the coronavirus.
In a column co-authored with IMF chief economist Gita Gopinath, Georgieva warned that the crisis might cause further... |
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Iran divesting worlds largest gas condensate refinery File photo shows a view to installations in the Persian Gulf Star Refinery located in the southern Iranian province of Hormozgan.
The Iranian government will soon divest parts of its shares in the Persian Gulf Star Oil Company (PGSCO) which runs the worlds largest refinery working on natural gas condensate.
The... |
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Owners of cargoes carrying Iranian fuel challenge US loot in court The US government has said it seized 1.116 million barrels of fuel because it was bound for Venezuela.
The owners of four cargoes carrying Iranian fuel that was looted in high seas by the United States last month have mounted a legal challenge to reclaim them, a report says.
The US government has said... |
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Afghan Saffron Yield Up 10%: Ministry According to estimates by the Ministry of Agriculture, Irrigation and Livestock (MAIL), 24 metric tons of saffron will be produced in the country this year.
A ministry spokesman says that information gathered from across the country shows that saffron yields are rising.
"Saffron production in Afghanistan... |
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Irans IKCO develops panoramic roof for popular French model Irans IKCO is offering its French model Peugeot 207 with a panoramic roof.
Irans largest car manufacturer the IKCO is launching a new version of its popular French model Peugeot 207 with a panoramic roof.
Ahmad Aqajani, a project contractor working for the Iran Khodro Company, said on Tuesday that... |
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Trump threatens to decouple US economy from China US President Donald Trump arrives to speak at the 2020 Council for National Policy meeting in Arlington, Virginia, US, August 21, 2020. (Photo by Reuters)
President Donald Trump has threatened to "decouple" the US economy from China, while Beijing is trying to use the upcoming trade talks with Washington... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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