Business
Contracts signed to improve services at Afghan airports
Afghanistan Civil Aviation Authority and Group 42 of the United Arab Emirates signed three contracts in the areas of security services, operation management, ground handling, and aviation systems and technology on Thursday.
The contract was signed by Mohammad Qasim Wafayezada, Head of Afghanistan Civil Aviation Authority, and Mansoor Al-Mansoori, Chief Operating Officer of Group 42 of the UAE in the presence of President Ashraf Ghani, the national security advisor Hamdullah Mohib, and Acting Minister of Finance Abdul Hadi Arghandiwal at the Presidential Palace on Thursday afternoon.
The Presidential Palace said in a statement that Ataullah Nasib, Head of Investment Facilitation Unit of Office of the President said UAE’s Group 42 develop and deploy high-impact industry solutions in the sectors of aviation, energy, healthcare, oil and gas, and extractive industry, adding that the company showed willingness and commitment to enter into cooperation with Afghanistan in areas related to civil aviation, mainly for Afghanistan’s four international airports.
Terming the contracts ‘truly strategic, President Ashraf Ghani said, “We celebrated the birth of Prophet Mohammad (PBUH) this morning and signed strategic cooperation agreement with the UAE company in the afternoon.”
He added that historical and political relations between Afghanistan and UAE can be named as ‘comprehensive economic partnership’.
President Ghani said, unfortunately, the great potentials at Afghanistan international airports haven’t been utilized. He stressed that the government has entered into cooperation with G42 as the company has great experiences in the fields of security services, ground handling, and aviation systems and technology.
“I am confident that officials, service personnel of airports, clients, and our people will feel the tangible changes upon implementation of these contracts,” Ghani added.
“Our airports are our vital infrastructures so we need to ensure standard service delivery which is essential in terms of operation management and ground handling,” added the president while underlining that export of Afghan products through air corridor should meet those standards.
President Ghani highlighted that Hamid Karzai International Airport has great potentials to turn into a cargo platform.
He added that international airports of Kandahar and Herat can serve as connection points with UAE and Mawlana Jalaluddin Balkhi airport can link Afghanistan to Central Asia, which altogether create a suitable network of airports.
Meanwhile, Mansoor Al-Mansoori stated that the contracts would create more opportunities for cooperation between Afghan and UAE institutions.
He noted that Afghanistan and UAE enjoy historical and friendly ties that have been further consolidated within recent years.
Business
Afghani strengthens nearly 10% against US dollar amid banking sector reforms
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.
Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.
Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.
Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.
They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.
Business
Uzbekistan delivers over 290 tons of aid to Afghanistan
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.
Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.
Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.
The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.
Business
Turkmenistan, Afghanistan discuss steps to speed up land acquisition for TAPI pipeline
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
Officials from Turkmenistan and Afghanistan have held talks aimed at accelerating land acquisition for the long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, according to Afghanistan’s Ministry of Agriculture, Irrigation, and Livestock.
The issue was discussed during a meeting between TAPI project head Murad Amanov, Afghanistan’s acting Minister of Agriculture, Irrigation, and Livestock Mullah Attaullah Omari, and Turkmenistan’s ambassador to Afghanistan Hoja Ovezov.
Amanov briefed Afghan officials on recent progress and emphasized the need to accelerate procedures related to land acquisition and the determination of land prices in line with the framework agreement signed by the four participating countries.
Meanwhile, vessels operated by the Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding, have begun transporting pipes for the project. The shipments are being carried from the Port of Baku to the Turkmenbashi International Seaport.
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
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