Investment
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Afghanistan
Afghanistan Signs $13.8M in Contracts to Expand Amu Darya Oil Operations
DID Press: Afghanistan’s Taliban-run Ministry of Mines and Petroleum has signed two contracts worth a combined $13.8 million with TNG Tatarstan, a company based in Russia’s Tatarstan region, for monitoring and consultancy services in the Amu Darya oil basin and…
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Afghanistan
Saudi Company Signs Oil and Gas Deal with Taliban; Khalilzad Attends Ceremony
DID Press: Taliban administration has signed a contract with Saudi company Delta International for the exploration and extraction of oil and gas in the Kashk–Tirpul basin in western Afghanistan. The agreement also covers the use of natural gas in Herat…
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Afghanistan
Afghanistan Among Countries With Highest Transport-Corridor Investment Relative to GDP
DID Press: Afghanistan is among the countries where planned and ongoing investment in transport-corridor development represents the largest share of national economic output, according to the Eurasian Development Bank (EDB). The EDB’s Eurasian Transport Network assessment says Afghanistan, Kyrgyzstan and…
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Afghanistan
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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Afghanistan
Taliban: Kabul Ready for Economic Cooperation With Washington
DID Press: Taliban Foreign Minister Amir Khan Muttaqi has said Kabul would welcome U.S. investment in Afghanistan’s mining, infrastructure, agriculture and trade sectors, signalling that the Taliban authorities are seeking to expand economic engagement with United States. In an interview…
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Afghanistan
Afghanistan, Uzbekistan Sign 20 Trade Agreements Worth $3.8 Million
DID Press: Afghanistan and Uzbekistan have signed 20 trade agreements between private-sector businesses worth a combined 267 million Afghanis, the Taliban-run Ministry of Industry and Commerce said. The agreements cover a range of sectors, including food products, clothing, construction, livestock,…
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Economy
Millions Unemployed in Iraq as Private Sector Remains in “Critical Condition”
DID Press: Iraq is facing a growing unemployment crisis, driven by the entry of hundreds of thousands of young people into the labor market each year and the government’s limited capacity to absorb new workers. At the same time, structural…
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Afghanistan
19 Fire Engines Begin Operations at Herat Industrial Park
DID Press: Nineteen fire engines purchased by Afghan business owners at a cost of around $2 million have begun operating at the Herat Industrial Park, according to local officials. Officials said the vehicles will be operated by trained and professional…
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Afghanistan
New $10 Million Scanners Being Installed at Afghanistan-Iran Border
DID Press: Work is continuing on a nearly $10 million project to install new scanners at the Islam Qala border crossing in Afghanistan’s western Herat province, local officials said. According to Taliban officials, the project aims to strengthen the technical…
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Afghanistan
81 Afghan Traders Return, Invest $68 Million and Create 4,600 Jobs
DID Press: The Taliban government says 81 Afghan traders and industrialists have returned to Afghanistan over the past two years, investing a combined $68 million and creating more than 4,600 direct jobs. Hamdullah Fitrat, deputy spokesperson for the Taliban government,…
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