Economy
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US Sanctions Turkish Bank Over Alleged Iran Financial Ties
DID Press: The U.S. Treasury Department has sanctioned Golden Global Investment Bank in Turkey and two affiliated companies, accusing them of facilitating tens of millions of dollars in transactions for Iran’s Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF) and providing access…
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Torkham Closure Costs Pakistan Economy $2.5 Billion, Chamber Says
DID Press: The prolonged closure of the Torkham border crossing with Afghanistan has caused an estimated $2.5 billion in losses to Pakistan’s economy, according to Yusuf Afridi, president of the Khyber Chamber of Commerce and Industry. Afridi said the losses…
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UK Chancellor Warns Iran War Is Putting Pressure on Global Economy
DID Press: UK Chancellor John Healey has warned that the continuing war between the United States and Iran is placing significant pressure on Britain and the global economy, with rising energy prices threatening to fuel inflation and weaken economic growth.…
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US Diesel Prices Hit Record $5.85 per Gallon
DID Press: The average price of diesel in the United States reached a record $5.85 per gallon on Friday, surpassing the previous high recorded in June 2022, according to AAA data. Diesel is a major fuel source for freight transportation,…
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Netherlands Contributes €16 Million to Afghanistan Humanitarian Fund
DID Press: The Netherlands has contributed €16 million ($18.3 million) to the Afghanistan Humanitarian Fund (AHF), the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said. OCHA thanked the Netherlands for the contribution, saying the funding will help…
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Taliban Breaks Ground on $76 Million Islamic Culture Printing Center in Kabul
DID Press: Taliban has laid the foundation stone for the Afghanistan Islamic Culture Printing and Publishing Center in Kabul’s Sabz Industrial Park, as part of a planned expansion of printing and publishing activities focused on Islamic and cultural works. Abdullah…
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Afghanistan’s Bank Deposits Climb to Nearly $3 Billion
DID Press: Public savings held in Afghanistan’s banking system have risen to nearly $3 billion, the Afghanistan Banks Association said, pointing to growing public confidence in the country’s financial sector. Najibullah Amiri, head of the Afghanistan Banks Association, said the…
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Brent Crude Climbs Above $95 as US-Iran Tensions Escalate
DID Press: Brent crude oil prices surged on Wednesday as renewed military tensions between the United States and Iran heightened concerns over potential supply disruptions in the Middle East and shipping through the Strait of Hormuz. Reuters reported that Brent…
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US Threatens More Tariffs Against Canada as Trade Tensions Escalate
DID Press: U.S. Trade Representative Jamieson Greer has signaled that Washington could impose additional tariffs on Canadian imports as trade tensions between the United States and Canada continue to escalate. Greer said President Donald Trump has multiple options available to…
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SCO Leaders Gather in Bishkek to Discuss Security and Multipolar Order
DID Press: A two-day summit of the Shanghai Cooperation Organisation (SCO) has opened in Bishkek, bringing together Chinese President Xi Jinping, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi and Iranian President Masoud Pezeshkian for discussions on regional security,…
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