live Trump says U.S.-Iran talks could resume ‘at some point’
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
China’s Dongfeng Audi Motors will invest $50 million to establish a vehicle manufacturing facility in Afghanistan, a move expected to create hundreds of local jobs and boost industrial growth.
In a significant boost to Afghanistan’s industrial sector, Chinese automaker Dongfeng Audi Motors has announced plans to invest $50 million in setting up a vehicle manufacturing plant in the country. The project, expected to be completed in three and a half years, will unfold in four phases and aims to produce 2,000 vehicles annually, including high-performance cars, trucks, and ambulances.
The proposal was formally presented to Mawlavi Ahmadullah Zahid, Deputy Minister of Industry and Commerce of Afghanistan’s interim administration, during a meeting on Monday, May 5th. Company representatives outlined their vision for the factory, which is projected to generate between 500 and 700 jobs for local workers, providing a much-needed economic lift.
Deputy Minister Zahid welcomed the investment, reaffirming Afghanistan’s commitment to fostering a secure and business-friendly environment for foreign investors. He assured full cooperation from the Ministry of Industry and Commerce, pledging to facilitate infrastructure development, streamline legal processes, and remove any obstacles to ensure the project’s success.
This initiative marks a major milestone in Afghanistan’s efforts to revive its industrial base and attract foreign capital. By establishing a domestic automotive production facility, the country aims to reduce reliance on imports, stimulate economic growth, and create sustainable employment opportunities. The Dongfeng Audi Motors investment signals growing confidence in Afghanistan’s potential as an emerging market for international businesses.
With the first phase of construction set to begin soon, the project is poised to play a pivotal role in strengthening Afghanistan’s manufacturing capabilities and supporting long-term economic stability.
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2025, according to ICD–LSEG, as more countries explore Shariah-compliant finance.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment