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UNDP calls on Arab nations to support economic growth in Afghanistan
The United Nations Development Program (UNDP) in Afghanistan has called on Arab nations in the Persian Gulf to work with the organization for the sake of economic growth and development in Afghanistan and to provide job opportunities for Afghans.
Abdallah Al Dardari, the Resident Representative for the UNDP in Afghanistan, said in a message to the Gulf countries that by 2030, jobs should be provided for 12 million Afghan citizens in order to restore Afghanistan’s economy to 2015 levels.
“Afghanistan, a country that is severely economically vulnerable due to war, insecurity, and the COVID-19 epidemic, as well as recent political developments; needs to achieve more than 12 million jobs by 2030,” said Al Dardari.
“We want to revive the proper economy that Afghanistan had in 2015, this is a big goal and we believe that we will create two million jobs for Afghan men and women in the next three years through this strategy. I would like to work with you on this strategy, it is a growing strategy.”
However, he said that since August 15 last year, more than 700,000 jobs have been lost in Afghanistan and the poverty rate has reached more than 90%. He said despite this, the country was still not in a state of despair.
This comes after his recent trips to the Persian Gulf region where he held talks with officials from Gulf countries regarding Afghanistan.
While he did not say how the jobs would be created, he noted there is a need for jobs to be created through the growth of the private sector and that support of industries is needed. He also said the facilitation of trade and the development of Afghanistan’s export sector was necessary.
In the meantime, the Ministry of Economy said that international organizations and institutions have promised to help with economic development and cooperation in creating job opportunities for the people of Afghanistan.
The international community, led by the US, stopped aid to Afghanistan after the IEA’s takeover in August last year. In addition, the freezing of $9 billion of Afghanistan’s foreign reserves has also had an impact on the country’s economic situation.
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Doha process private sector meeting highlights growth and coordination in Afghanistan
The session was divided into two segments, focusing on growth and inclusion in the first part, and coordination and transparency in the second.
The 3rd session of the Doha Process Private Sector Working Group was held both in-person and online at Kabul’s Grand Hotel, hosted by the United Nations Assistance Mission in Afghanistan (UNAMA).
The meeting brought together representatives from the Islamic Emirate of Afghanistan, including the Ministries of Foreign Affairs, Finance, Industry and Commerce, Economy, Labor and Social Affairs, and the Central Bank, alongside UNAMA, UN agencies, international and regional organizations, as well as ambassadors, diplomats, and private sector experts.
The session was divided into two segments, focusing on growth and inclusion in the first part, and coordination and transparency in the second.
Afghanistan’s Islamic Emirate representatives shared achievements and progress since assuming governance, while participants acknowledged these efforts and highlighted their ongoing support for the private sector. All parties offered recommendations to address challenges and emphasized enhanced cooperation moving forward.
International Sports
IPL 2026: Franchise sales gather pace as global investors circle teams
Royal Challengers Bengaluru (RCB) has been put on the market by its current owner and is estimated to be worth up to $2 billion.
Developments off the field are drawing growing attention ahead of the 2026 Indian Premier League season, with two franchises — Royal Challengers Bengaluru and Rajasthan Royals — formally up for sale and attracting interest from high-profile domestic and international investors.
Royal Challengers Bengaluru (RCB), one of the league’s most recognisable teams, has been put on the market by its current owner, Diageo’s United Spirits Ltd, following a strategic review. The sale process is expected to be completed by the end of March 2026. Market estimates suggest the franchise could be valued at around $2 billion, reflecting the soaring commercial value of the IPL.
Several bidders have been shortlisted for RCB, including investment groups led by Indian industrialists, private equity firms and overseas sports owners. Among those reported to have shown interest is a consortium linked to the Glazer family, co-owners of English Premier League club Manchester United. Non-binding bids have already been submitted, with binding offers expected in the coming weeks.
Rajasthan Royals (RR), winners of the inaugural IPL title in 2008, are also in the process of being sold. A shortlist of potential buyers has been finalised, featuring a mix of Indian and international investors, including private equity firms, entrepreneurs and media-linked groups. The franchise is expected to attract a valuation of more than $1 billion, according to market estimates.
Final bids for Rajasthan Royals are anticipated in early March, while the RCB transaction is expected to move into its final phase later this month. Any change in ownership will require approval from the Board of Control for Cricket in India (BCCI).
The potential sales mark one of the most significant ownership shake-ups in IPL history and underline the league’s growing appeal as a global sports investment as preparations continue for the 2026 season.
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FM Muttaqi meets Uzbek Central Asia Institute Chief, stresses stronger bilateral cooperation
During the meeting, the two sides discussed ways to further strengthen political and economic cooperation, as well as key regional issues.
Afghanistan’s Minister of Foreign Affairs, Amir Khan Muttaqi, has met with a delegation led by Joulan Vakhabov, head of Uzbekistan’s International Institute of Central Asia and adviser to the country’s deputy president.
During the meeting, the two sides discussed ways to further strengthen political and economic cooperation, as well as key regional issues.
Muttaqi said Uzbekistan has adopted a positive and goodwill-based policy toward Afghanistan, expressing hope that bilateral relations and cooperation would continue to expand.
He also underscored the important role of research institutions in promoting mutual understanding, enhancing cooperation, and developing a realistic assessment of regional dynamics.
For his part, Vakhabov praised the progress and stability in Afghanistan and voiced optimism that trade between the two countries would increase further in the current year.
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