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Category Archives: Economic News

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Afghanistan’s Crypto Lifeline

14th September, 2022 · admin

New Yorker: For crypto-enthusiasts, the blockchain’s potential to create a bank-free utopia is best observed in countries whose economy is, in some way or another, compromised. Despite the cultish grift that has come to define crypto in the United States, a use-case like Afghanistan acts as a sort of paragon of its initial objective: decentralized

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Posted in Economic News | Tags: Cryptocurrency in Afghanistan |
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US Sets Up Swiss Fund for Afghan Reserves

14th September, 2022 · admin

VOA News September 14, 2022 The United States said Wednesday it is setting up fund in Switzerland to manage $3.5 billion of Afghan reserves to be used to help stabilize Afghanistan’s economy. A board of trustees will manage the Afghan Fund. The U.S. Treasury said the fund will “protect, preserve and make targeted disbursements” of

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Posted in Economic News, Taliban, US-Afghanistan Relations | Tags: Secretly funding Taliban |
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Despite peace, economic woes keep Afghanistan’s Bamiyan from becoming a tourist hub

13th September, 2022 · admin

Al Araby: In the past, families and visitors would come to Bamiyan and to Band-e Amir, but then they either had to take expensive flights (between $150 and $200 roundtrip), or had to contend with dangers potential Taliban checkpoints on the road, which was a major deterrent, especially for families. Click here to read more

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Posted in Economic News, Travel | Tags: Bamiyan, Tourism |
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China promoting Taliban 2.0 for better business deals in Afghanistan

13th September, 2022 · admin

ANI: China is currently engaged in pampering the Taliban, which finds itself in a state of diplomatic isolation. Its focus is on business with hopes of a better deal. China’s recent efforts to promote and support the Taliban 2.0 regime indicate that it is getting ready to recognize the government currently in place in Afghanistan.

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Posted in China-Afghanistan Relations, Economic News, Political News, Taliban |
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Online shopping services shut down in Afghanistan due to economic crunch

12th September, 2022 · admin

ANI: Almost all major online shopping services in Afghanistan have shut down, with the two major online shopping services recently announcing to shut down their services due to the financial crisis in the country. Online shopping services in Afghanistan had facilitated and improved communications between customers and shopkeepers but this come as some other major

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Posted in Economic News |
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Taliban Make Little Progress in Countering Drugs

9th September, 2022 · admin

Akmal Dawi VOA News September 9, 2022 Unlike his predecessor, who almost terminated opium production in Afghanistan in the last year of Taliban rule with one decree in 2000, the current supreme leader of the Taliban appears to be unsuccessful in implementing his ban on opium production. In April, shortly after Afghan famers harvested opium

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Posted in Drugs, Economic News, Taliban | Tags: Drug Addiction, opium, Poppy cultivation, Taliban and Drugs, Taliban government failure |
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UAE firm to manage air traffic over Afghanistan

8th September, 2022 · admin

AFP: A United Arab Emirates firm signed a contract with Afghanistan on Thursday to manage air traffic across the country as the Taliban authorities seek to expand international flights. While some flights are operating out of Kabul airport, significant extra support is needed for major foreign airlines to resume full service. Click here to read

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Posted in Arab-Afghan Relations, Economic News, Travel | Tags: UAE-Afghanistan Relations |
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Coffee shops ordered to shut down in Nimroz

7th September, 2022 · admin

Ariana: Local authorities in Afghanistan’s southwestern province of Nimroz have decided to shut down coffee shops in the province in order to avoid the ruination of the younger generation. Local residents, however, said that dozens of people will become unemployed with the closure of coffee shops. “I invested $20,000 to establish a coffee shop. The

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Posted in Economic News, Taliban | Tags: Life under Taliban rule, Nimroz |
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‘We Are Left With Nothing’: Deadly Floods Aggravate Afghanistan’s Economic, Humanitarian Crisis

1st September, 2022 · admin

By Abubakar Siddique RFE/RL’s Radio Azadi August 31, 2022 Mira Jan lost his home, crops, and livestock in the devastating floods that have struck large swaths of Afghanistan. “Our house was swept away by the raging floods,” Jan, a farmer in the eastern province of Nangarhar, told RFE/RL’s Radio Azadi. “We were only able to save

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Posted in Economic News, Environmental News | Tags: Flood, Kunar, Nangarhar, Natural Disasters |
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UN: 6 Million Afghans at Risk of Famine as Winter Looms

30th August, 2022 · admin

Margaret Besheer VOA News August 29, 2022 The United Nations said Monday that 6 million Afghans are on the brink of famine, with winter around the corner and humanitarian appeals dramatically underfunded. “Afghanistan’s crisis is a humanitarian crisis. It’s an economic crisis. It’s a climate crisis. It’s a hunger crisis. It’s a financial crisis,” U.N.

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Posted in Economic News, Russia-Afghanistan Relations, Taliban, UN-Afghanistan Relations, US-Afghanistan Relations | Tags: Taliban government failure |
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