Business
Islamic Development Bank pledges $8.1 million to help Afghanistan
The Islamic Development Bank (IDB) has signed cooperation agreements worth $8.1 million with six international humanitarian agencies to help the people of Afghanistan in various sectors.
The contracts are in the areas of food security, drinking water supply, health and in agriculture in different provinces of the country.
The Ministry of Finance in a statement welcomed the move.
“The Ministry of Finance welcomes this good action of the Organization of Islamic Cooperation, the Islamic Development Bank, the King Salman charity, the Saudi Fund and the member countries of the Organization of Islamic Cooperation and expresses its gratitude and appreciation for their humanitarian and generous assistance to the people of Afghanistan,” the statement said.
The Ministry of Finance called on all humanitarian aid organizations to design projects, taking into account the realities and priorities of the society and with the coordination of the ministry, so that the existing problems of the people are “completely solved.”
Business
Ariana Afghan Airlines lowers cargo rates on Kabul–Delhi route to boost exports
Business
Afghanistan, Uzbekistan sign 13 trade MoUs worth over $100 million
Thirteen trade and investment memorandums of understanding (MoUs) worth more than $100 million were signed between private sector representatives of Afghanistan and Uzbekistan during a conference held in Kabul on Saturday.
The conference, which brought together business leaders and officials from both countries, focused on expanding bilateral economic cooperation, increasing trade volume, and identifying new investment opportunities.
Speaking at the event, Nooruddin Azizi, Minister of Industry and Commerce of Afghanistan, said economic relations between Afghanistan and Uzbekistan have gained notable momentum in recent months. He stressed that Afghanistan is actively working to strengthen regional trade ties and create a more favorable environment for investors.
Azizi added that Afghanistan offers significant investment potential, particularly due to its available workforce and emerging opportunities across multiple sectors, and is ready to welcome joint ventures with foreign partners.
Officials from the Ministry of Industry and Commerce of Afghanistan said the government has facilitated around $2 billion in investment across various sectors over the past year, reflecting growing investor interest in the country’s economy.
The Uzbek delegation also reiterated its commitment to expanding economic relations with Afghanistan, describing the agreements as an important step toward deeper regional cooperation.
Amanbay Orynbayev, head of Uzbekistan’s Karakalpakstan delegation, said his country places strong emphasis on long-term, transparent, and reliable economic partnerships. He encouraged Afghan traders to take advantage of joint investment opportunities to access new regional markets.
The Afghan private sector welcomed the agreements, expressing hope that increased trade engagement and business exchanges will further strengthen economic ties between the two neighboring countries.
Officials noted that the total value of agreements signed between Afghanistan and Uzbekistan has now exceeded $1.5 billion. If implemented effectively, these commitments are expected to contribute to increased trade flows and broader economic growth in Afghanistan.
Business
New Afghanistan-China transport corridor launched via Turkmenistan
A new multimodal freight corridor linking China and Afghanistan via Turkmenistan has been officially launched, aiming to improve the speed and efficiency of overland cargo transportation across Central Asia.
According to the Turkmenistan Embassy in London, the country has become part of a newly established route designed to accelerate freight deliveries between China and Afghanistan.
The corridor, developed with the involvement of Uzbekistan Railways’ subsidiary Uztemiryulcontainer, covers approximately 7,400 kilometers and is expected to reduce transit time to around 30 days, improving overall logistics efficiency.
Under the new route, containers are transported by rail from China through the Altynkol station in Kazakhstan, continuing via Uzbekistan to a logistics hub in Bukhara. From there, cargo is transferred to road transport and moved across Turkmenistan before reaching Herat in Afghanistan.
Officials say the new system integrates rail and road networks into a unified logistics chain, making transport more predictable and efficient.
-
Business3 days agoNew Afghanistan-China transport corridor launched via Turkmenistan
-
Sport2 days agoCanada to host opening ceremony for FIFA World Cup 2026 in Toronto
-
Business5 days agoUzbekistan launches new cargo corridor linking China and Afghanistan
-
Business5 days agoAfghanistan presses Chinese contractor over delays in Mes Aynak copper project
-
Latest News2 days agoSAARC failure pushes Pakistan toward trilateral ties with Afghanistan, China, Bangladesh: Dar
-
Science & Technology3 days agoJames Webb Telescope captures clearest-ever view of exoplanet’s surface
-
Regional4 days agoUS and Iran closing in on one-page memo to end war, Axios reports
-
Sport2 days agoAfghanistan rises 7 places to 21st in FIFA Futsal World Rankings
