Business
Half a billion people could be pushed into poverty by coronavirus – Oxfam
Oxfam International said Thursday that the economic fallout from the Coronavirus pandemic could push half a billion more people into poverty.
The OI, according to the information provided by King’s College London and the Australian National University, says that the pandemic could set back the fight against poverty by a decade, and as much as 30 years in some regions such as sub-Saharan Africa, the Middle East, and North Africa.
Oxfam’s report presents fresh analysis which suggests between six and eight percent of the global population could be forced into poverty as governments shut down entire economies to manage the spread of the virus.
The report indicates that in the aftermath of the pandemic, over half the global population could be living in poverty – outdoing the global health crisis.
Oxfam International is calling on world leaders to agree on an ‘Economic Rescue Package for All’ to keep poor countries and poor communities afloat.
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.
-
Business5 days agoNew Afghanistan-China transport corridor launched via Turkmenistan
-
Sport4 days agoCanada to host opening ceremony for FIFA World Cup 2026 in Toronto
-
Latest News3 days agoSAARC failure pushes Pakistan toward trilateral ties with Afghanistan, China, Bangladesh: Dar
-
Science & Technology4 days agoJames Webb Telescope captures clearest-ever view of exoplanet’s surface
-
Business2 days agoAfghanistan, Uzbekistan sign 13 trade MoUs worth over $100 million
-
Sport4 days agoAfghanistan rises 7 places to 21st in FIFA Futsal World Rankings
-
Latest News2 days agoJapan announces MEXT scholarships for Afghan students for 2027 academic year
-
Sport3 days agoLos Angeles to welcome the world with historic FIFA World Cup 2026 opening event
