live Oil climbs past $119 a barrel as Iran crisis squeezes global supply - Monday 9 March
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli...
The National Procurement Authority, operating under the Office of the Deputy Prime Minister for Economic Affairs, has approved 252 projects for the next 12 months, with a total value exceeding $1 billion.
These projects are set to be implemented across a wide range of sectors, including transportation, healthcare, telecommunications, electricity, water resource management, and other critical areas. The initiatives will span multiple provinces, aiming to address infrastructure and development needs nationwide.
In a related development, Trustco Middle East, a German company, recently met with Afghanistan’s Acting Minister of Public Works, Mohammad Esa Thani, to discuss potential investments in the country’s road construction sector. The company expressed its willingness to invest $400 million in exchange for access to Afghanistan’s vast mineral resources. According to a statement from the Ministry of Public Works, the Ghor-Herat and Badghis-Faryab roads in central Afghanistan are among the most strategically important routes in the country, and their construction will be prioritized under the proposed agreement.
This surge in infrastructure investment comes amid growing regional interest in Afghanistan’s economic and reconstruction efforts. India’s Ambassador to Kazakhstan, Ashok Sajjanhar, recently highlighted his country’s support for Kazakhstan’s active participation in Afghanistan’s development.
During a meeting organized by the Kazakhstan Institute for Strategic Studies, Sajjanhar emphasized India’s commitment to supporting Afghanistan’s reconstruction, noting that New Delhi has been a key provider of technical assistance to the country. Both sides also underscored the importance of collaboration in advancing the Trans-Afghan project, a critical initiative aimed at enhancing regional connectivity and economic integration.
As Afghanistan continues to navigate ongoing challenges, the increasing involvement of regional and international stakeholders signals a renewed momentum in the country’s reconstruction efforts.
With significant investments in infrastructure and economic development, Afghanistan is poised to make strides toward stability and growth, bolstered by the support of its neighbors and regional partners.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli strikes targeting oil depots. Stock markets shares slumped on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Türkiye’s official anti-disinformation agency has issued a statement refuting what it described as online “disinformation” and reiterating the strength of relations between Türkiye and Azerbaijan.
Almost 2,000 people have been evacuated from Iran via Azerbaijan since conflict erupted in the Middle East.
Kazakhstan has evacuated more than 7,300 citizens from the Middle East since regional tensions escalated, using both air and land routes to bring nationals home while closely monitoring political developments and potential economic effects linked to rising oil prices.
Istanbul’s mayor, Ekrem İmamoğlu, has appeared in court on Monday alongside 400 co-defendants in a sprawling corruption case that critics say is designed to derail his political ambitions. The charges allege a network of corruption and organised crime linked to the mayor’s office.
Russian grain is once again moving by rail to Armenia along a route that had been closed for decades. The latest freight train departed from Baku on 9 March carrying hundreds of tonnes of grain.
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