Economy
-
NRC Presents 4-Year Afghanistan Strategy to Taliban Officials
DID Press: Norwegian Refugee Council (NRC) has presented its four-year strategy for Afghanistan to Taliban officials, outlining plans to continue humanitarian and development assistance despite declining international funding. According to a statement from the Ministry of Economy of Afghanistan, acting…
Read More » -
Taliban Approves 5-Year Development Strategy for Afghanistan
DID Press: Taliban says it has approved a five-year national development strategy aimed at attracting foreign investment, expanding domestic industries, strengthening agriculture and creating jobs as part of its long-term economic agenda. Zabihullah Mujahid announced during the second edition of…
Read More » -
Former Pakistani Envoy: Afghanistan Still Faces Crisis Under Taliban Rule
DID Press: Former Pakistani special envoy for Afghanistan Asif Durrani said Afghanistan has not achieved stability or prosperity under Taliban rule, arguing that the country continues to face deep economic, social and political challenges. Durrani said Afghanistan has not become…
Read More » -
Saudi Oil Infrastructure Faces New Pressure After Reported Pipeline Attack
DID Press: Yemen’s Ansarullah movement has intensified pressure on Saudi Arabia’s oil sector by targeting parts of the kingdom’s strategic East–West oil pipeline, with Yemeni military sources claiming the operation highlights vulnerabilities in Saudi energy infrastructure. According to sources affiliated…
Read More » -
FUCHS Halts Production at Major Saudi Plant After Massive Fire
DID Press: German lubricant manufacturer FUCHS SE has announced the suspension of operations at its joint Alhamrani-Fuchs Petroleum Saudi Arabia plant at Saudi Arabia’s Yanbu port following a major fire on July 25 that caused extensive damage. The company said…
Read More » -
UN: Only 11% of Afghan Returnees Have Jobs Amid Growing Hardship
DID Press: Two United Nations agencies have warned that worsening economic and social conditions in Afghanistan are leaving returnees increasingly vulnerable to human trafficking, forced labor and other forms of exploitation. The International Organization for Migration and the United Nations…
Read More » -
US Crude Oil Inventories Fall by 7.2 Million Barrels
DID Press: US commercial crude oil inventories fell by 7.2 million barrels in the week ending July 24, reaching approximately 404.5 million barrels, according to the weekly report from the U.S. Energy Information Administration (EIA). The EIA said crude stockpiles…
Read More » -
US Expands Patriot Missile Orders as Weapons Stockpiles Face Pressure
DID Press: The Pentagon has increased the value of its long-term contract to purchase Patriot interceptor missiles from Lockheed Martin to nearly $59 billion, a move that highlights growing demand to strengthen U.S. air defense reserves, according to The Wall…
Read More » -
Afghanistan Invites Iranian Investors to Expand Economic Cooperation
DID Press: Afghanistan has invited Iranian investors to explore investment opportunities in joint economic projects, seeking to deepen trade and economic cooperation between the two neighboring countries. The invitation was made by Kamaluddin Tawhidi, head of the Afghanistan-Iran Joint Chamber…
Read More » -
Brent Oil Jumps 6.7% as Middle East Tensions Escalate
DID Press: Brent crude climbed 6.7% to $87.55 per barrel after renewed military tensions involving the United States, Israel, and Iran heightened concerns over potential disruptions to global oil supplies. Market sentiment was driven by fears that the escalating regional…
Read More »