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Italian company signs Bakhsh Abaad dam contract with MoEW

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(Last Updated On: June 15, 2016)

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Officials in Ministry of Energy and Water have signed the contract of building the Bakhsh Abaad dam located at Farah Province with an Italian company in Kabul on Wednesday with the cost of $450 million dollars which will be built incoming 18 months, the following dam will produce 27 mega watt of electricity.

Minister of Energy and Water Ali Ahmad Usmani urged National Unity Government is on the edge pushing efforts through to manage Afghanistan’s waters, from now onwards all the development projects will be implemented the soonest.

Meanwhile Farah Governor has mentioned the following dam will irrigate about 10000 acres of lands in 5 districts.

Minister of energy and Water Ali Ahmad Usmani said,” Bakhsh Abaad dam will be built by an Italian company with the cost of $450 million dollars, in 18 months, the following dam will produce 27 mega watt of electricity and has the capacity to bank 1360 million qbc of water and will water 104000 acres of lands.”

During his speech he has warned the companies who are in slow motion in implementation of the projects, their contract will be eliminated.

Governor of Farah Province Asef Nang has demanded the Afghan security forces to ensure security for the following dam.

Head of the Presidential office secretariat Abdul Salam Azimi said,” Farah residents will have close cooperation in ensuring security for the following Dam and even the enemies have stated that we have nothing to do with the dam.”

Based on the information Afghanistan is having 55 billion qbc meter of running water and 20 billion qbc of underground water, in most cases due to no clear policy and well management the following waters are being used for the favor of the neighboring countries.

Reported by Fawad Nassiri

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Private sector welcomes peace move which could bring enormous investment opportunities

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(Last Updated On: August 11, 2020)

Peace in Afghanistan would provide enormous opportunities for local and international businesses to invest in the country, in turn boosting the economy and aiding in its overall development. 

Afghan business owners and leaders in the private sector have said the war has created major obstacles for investors in the country over the past 19 years. 

Following President Ashraf Ghani’s decree, issued on Monday afternoon, to release the remaining 400 prisoners so as to pave the way for peace talks, the Afghanistan Chamber of Commerce and Investment (ACCI) urged all warring parties to seize the opportunity to bring about peace so as to improve the country’s dismal economic climate.

“We welcome the Loya Jirga’s decision to release Taliban prisoners, which could have a positive impact on the country’s economic growth,” said Khanjan Alokozai, an ACCI member said. 

Officials at the Afghanistan Chamber of Mines and Industries seconded this and said peace in Afghanistan would not only increase investment opportunities but also create much-needed jobs. 

“With the release of the prisoners, our hope is that dialogue between Afghans will begin, as this will increase investment in the country,” said Sakhi Ahmad Paiman, deputy director of the Chamber of Mines and Industries.

Ghani’s decree comes a day after the consultative Loya Jirga voted in favor of releasing the hardcore Taliban insurgents, as per the Doha agreement between the US and Taliban in February – which was one condition that needed to be fulfilled before intra-Afghan peace talks could start.

Meanwhile, economic experts are also optimistic about the opportunity for peace and for what is hoped will be the resultant economic growth in the country.

Hakimullah Siddiqui, an economist, said: “Both sides of the war must seize the opportunity to stabilize and grow the country economically, in order to increase economic opportunities.”

Other economists said peace would open up vast opportunities for investments in all sectors, including mining, agriculture, services, energy, and manufacturing. 

Talks are expected to officially begin on Sunday, in Doha, Qatar, between government and the Taliban.

The Afghan government’s negotiating team is expected to leave Kabul on Wednesday.

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MTN to quit Afghanistan, along with other Middle Eastern countries

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(Last Updated On: August 6, 2020)

MTN Group will exit its operations in the Middle East and Afghanistan to become an Africa-only-focused telecommunications operator.

The group said in a statement on Thursday that “MTN has resolved to simplify its portfolio and focus on its pan-African strategy and will, therefore, be exiting its Middle Eastern assets in an orderly manner over the medium term.” 

The group is already in “advanced discussions” to sell its 75 percent stake in its Syrian subsidiary, CEO Rob Shuter said in a call with journalists. It is negotiating with TeleInvest, the 25% owner of the Syrian business, about the sale.

Shuter said the initial focus will be on exiting its operations in Syria, Yemen and Afghanistan. However, it also plans to divest of its 49 percent of its stake in MTN Irancell in time.

News of the Middle East and Afghanistan exit comes after a lawsuit was filed in the US in April this year that claimed MTN and several other Western businesses aided terrorist organizations in activities carried out against the United States in the region.

Filed on behalf of American service members, civilians, and their families, who were killed or wounded in Afghanistan, the complaint alleged that MTN paid over $100 million to al-Qaeda and the Taliban so its towers would not be destroyed.

The lawsuit also claimed that MTN would switch off these towers at night, and in doing so, hampered US intelligence operations.

Mybroadband.co.za reported that MTN previously filed a motion to dismiss the original lawsuit, because it said the court lacks jurisdiction over MTN, which does not operate in the United States, and because the complaint does not allege any conduct by MTN that would have violated the Anti-Terrorism Act.

Following an amendment of the complaint by the plaintiffs in June this year, the operator now anticipates filing another motion to dismiss on largely the same grounds.

“MTN remains of the view that it conducts its business in a responsible and compliant manner in all its territories and will defend its position where necessary,” the operator said.

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Air Arabia Abu Dhabi launches new service to Kabul and Dhaka

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(Last Updated On: August 4, 2020)

Air Arabia Abu Dhabi has announced the introduction of two new destinations — Kabul in Afghanistan and Dhaka in Bangladesh – with direct flights from Abu Dhabi commencing on August 7.

Initially there will be three flights a week from Abu Dhabi to Kabul, on a Wednesday, Friday and Sunday.

 

Air Arabia Abu Dhabi was formed following an agreement by Etihad Airways and Air Arabia to establish Abu Dhabi’s first low-cost carrier that follows the business model of Air Arabia and complements the services of Etihad Airways from Abu Dhabi thereby catering to the growing low-cost travel market segment in the region.

Air Arabia Abu Dhabi started its operations in July 2020 with flights to Alexandria and Sohag in Egypt from Abu Dhabi International Airport.

 

 

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