Iran has signed a Memorandum of Obligations to become a permanent member of the Shanghai Cooperation Organization (SCO), Iran’s foreign minister said on Thursday, as Tehran seeks to overcome economic isolation amid U.S. sanctions. “By signing the document for full membership of the SCO, now Iran has entered a new stage of various economic, commercial, transit and energy cooperation,” Hossein […]

The US State Department has officially announced the establishment of the international financing mechanism which will see $3.5 billion worth of Afghanistan’s frozen assets being used for the benefit of the people. In a press briefing on Wednesday night, State Department spokesman Ned Price said: “Today, the Department of State and the Department of the Treasury, in coordination with international […]

The Minister of Interior Sirajuddin Haqqani called on Afghans who have left the country to return home and support the current system. In a voice message published on social media on Wednesday night, Haqqani said Afghans outside the country should see former politicians, including former president Hamid Karzai, as an example and trust their judgment. “Those who left the country, […]

Afghanistan’s central bank, Da Afghanistan Bank (DAB), has slammed Washington’s decision to create a new international financing mechanism to distribute $3.5 billion worth of Afghanistan’s frozen assets, claiming the move was “unacceptable”. On Wednesday, the US State Department announced that Washington, in coordination with international partners including the Government of Switzerland and Afghan economic experts, has established the Afghan Fund, […]