A key highway in Uzbekistan linking the Central Asian country to its neighbors is getting support from a $600 million Asian Development Bank (ADB) multitranche financing facility. The ADB Board of Directors approved the financing for a program comprising three projects. The objectives are to reconstruct over 220 kilometers of the A380 highway, and to [...]

The low-cost airline flydubai has added Kabul in Afghanistan and the Egyptian city of Luxor to its route map. Services to the Afghan capital will start from AED725 and will be five times per week, starting on May 17. Flights to Luxor will be priced at AED350 and will be thrice weekly, commencing on May [...]

The Asian Development Bank (ADB) is investing up to $8 million for a 25% stake in Sungas LLC, a recently established liquefied petroleum gas (LPG) distributor in Afghanistan, to help it expand a nationwide storage and distribution network. ADB’s Board of Directors approved the purchase of the preferred shares in the Delaware, US-registered company. Around [...]