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Business

SpaceX is in discussions with investors about a share sale that could value Elon Musk’s company at an unprecedented $800 billion — doubling its current estimated worth of $400 billion. If successful, the deal would once again make SpaceX the most valuable private company in the United States.

Business

After months of negotiations, Netflix has announced the acquisition of Warner Bros Discovery for $82.7 billion, gaining control over the Harry Potter, DC and Game of Thrones franchises, as well as HBO and HBO Max. This marks one of the largest and most influential deals in the modern film and streaming landscape, significantly shifting Hollywood’s power dynamics.

Wildberries enters Uzbekistan’s taxi market

Wildberries enters Uzbekistan’s taxi market
Business

Wildberries is expanding its presence in Uzbekistan: the company has registered a new subsidiary, WB Taxi, officially entering the country’s taxi and passenger transportation market.

Business

Jeff Bezos, the founder of Amazon, has launched a major artificial intelligence startup called Project Prometheus, The New York Times reports. This marks his first return to an executive leadership role since stepping down as Amazon’s CEO in 2021.

Business

Today, we held a productive meeting with a business delegation from the U.S. state of Utah, led by David Bednar. During the discussion, we noted with satisfaction that a new stage has begun in the development of Uzbekistan–U.S. relations.

Mulk Protocol from Uzbekistan Named Best Startup at INMerge 2025

Mulk Protocol from Uzbekistan Named Best Startup at INMerge 2025
Business

Uzbek fintech startup Mulk Protocol won the InBattle Startup Awards in Baku, impressing the jury with its investment platform that enables Sharia-compliant tokenization of real estate and business assets.

Business

Elon Musk has set another record: for the first time in history, a person’s wealth has reached the $500 billion mark, according to Forbes Real-Time Billionaires.

Business

Yandex has launched a $20 million venture fund in Uzbekistan under the name Yango Ventures, aimed at supporting early-stage startups. The announcement was made during ICT Week 2025 in Tashkent.

NamAgro Tech received the presidential award and aims for new records

NamAgro Tech received the presidential award and aims for new records
Business

NamAgro Tech, one of the leading agribusiness drivers in Namangan region, has been awarded a prestigious presidential prize.

Business

On August 8 in Shanghai, during the Uzbekistan–China Business Forum, Özwell signed a strategic cooperation memorandum with one of China’s largest pharmaceutical holdings — Zhendong Health Industry Group.

Business

Telegram founder Pavel Durov has emerged as the leading Russian billionaire in terms of capital growth in 2025. According to the Bloomberg Billionaires Index, his wealth increased by $3.27 billion, reaching a total of $14.3 billion — the highest growth among all Russian names on the global list.

Halyk Bank Buys 49% of Click for $176M

Halyk Bank Buys 49% of Click for $176M
Business

Halyk Bank, the largest financial group in Central Asia, has acquired a 49% stake in Uzbekistan's leading payment provider Click for $176.4 million. In return, Click acquired 49% of Tenge Bank, Halyk’s Uzbek subsidiary, for $60.76 million. The landmark transaction is the largest private sector deal in Uzbekistan’s history.

Technology

Pavel Durov and Snoop Dogg created a digital sensation: about 996,000 digital Telegram gifts were sold in 30 minutes, bringing the project about $12 million. This is the first star drop in the platform's history and it became a instant hit.

Uzbekistan

Financier from Uzbekistan, owner of 99.38% of Anorbank shares, Kahramonjon Olimov, was kidnapped in Paris on June 23. According to Le Monde, the businessman was forcibly taken out of the French capital and held for nearly two days in the basement of a villa near Nice.

Uzbek-Italian Business Forum

Uzbek-Italian Business Forum
Uzbekistan

Tashkent, Uzbekistan. Today, June 11th, the Uzbekistan-Italy International Business Forum took place at the International Hotel in the capital, bringing together leading Italian companies and organizations with representatives of the Uzbek business community.

Business

The opening ceremony of a new legume processing plant under BMB AGRO was held in the Arnasay district of Jizzakh region. The event was attended by local authorities, law enforcement, tax officials, and the chairman of the BMB HOLDING Supervisory Board. As part of the occasion, sunnat tuy ceremonies were also held for 50 local children.

Business

A business conference organized by Centrum Holding in collaboration with Yard Business Club took place in Tashkent. The highlight of the event was the presentation by Centrum Air, which unveiled its development strategy and announced the launch of new international routes. The gathering brought together partners, industry experts, and media representatives, reinforcing the holding's status as one of the most dynamically growing market players.

With BMB GLOBAL SAYOHAT, you can travel easily and comfortably around the world

With BMB GLOBAL SAYOHAT, you can travel easily and comfortably around the world
Business

BMB GLOBAL SAYOHAT is one of the leaders in handling all organizational aspects of travel, providing fast, high-quality, and reliable services. The company offers personalized service to each client who wants to organize their trip perfectly, helping to plan and realize their dream travels.

Business

A trial is underway in the US that could change the digital landscape - Meta, the corporation that owns Facebook, Instagram, and WhatsApp, has come under the scrutiny of the Federal Trade Commission (FTC).

Business

As of March 1, 2025, there are 15,503 enterprises and organizations with foreign investment operating in Uzbekistan. This was reported by the National Committee of Statistics.

TEMU to Start Operations in Uzbekistan as a Registered Taxpayer

TEMU to Start Operations in Uzbekistan as a Registered Taxpayer
Business

Marketplace TEMU has become a resident of Uzbekistan, but restrictions remain in place for now.

Business

Starting April 1, 2025, the exclusive rights of five major companies, including "Uzbekekspertize" and "UzEngineering," will be abolished in Uzbekistan. Now, privileges will be granted only in exceptional cases - to protect the safety, health of the population, and in emergency situations.

Business

A delegation of Uzbek businesswomen, headed by the Chamber of Commerce and Industry of Uzbekistan, visited Oman with a business mission.

Japanese business is expanding its influence in Uzbekistan's IT sector

Japanese business is expanding its influence in Uzbekistan's IT sector
Business

Japan is taking the lead in Uzbekistan's digital transformation by increasing investments and expanding IT cooperation.

Business

A Russian court fined Google 3.8 million rubles (approximately $41,500) for posting content on YouTube showing Russian soldiers how to surrender. This was reported by the Russian TASS agency.

Business

Elon Musk offered to buy OpenAI for $97.4 billion, but the company unexpectedly rejected his proposal. The CEO of OpenAI responded to the billionaire with a witty remark: "No, thanks. If you want, we can buy Twitter for $9.74 billion."

Mechanisms for Implementing Investment Projects Will Be Improved

Mechanisms for Implementing Investment Projects Will Be Improved
Business

By June 1, 2025, the automated information system "Control and Monitoring of Investment Project Implementation" will undergo an expert review, and a special information portal will be launched for conducting electronic procurement within projects funded by international financial institutions and foreign government financial organizations (IFI/FGFO), transitioning to digital procurement procedures.

Business

The legendary Apple co-founder Steve Wozniak will visit Tashkent on March 19-20, delivering a special talk at Central Asian University, located in the heart of the capital. As part of the CAU Technical Summit, he will personally participate, sharing his unique insights and predictions about the future of technology, innovation, and entrepreneurship.

Business

Alibaba's new version of Qwen 2.5 surpassed its competitors: the Chinese giant is challenging world leaders in AI.

Tesla joins BMW against EU tariffs

Tesla joins BMW against EU tariffs
Business

Tesla, BMW, and Chinese automakers have filed legal challenges against the European Union's tariffs on Chinese-made electric vehicles. On Monday, Tesla submitted its case to the Court of Justice of the European Union, joining the ongoing legal battle.

Business

On January 19, TikTok began restoring its services in the United States. This occurred after President Donald Trump, the 47th president, announced on Monday that he had decided to extend the deadline before the TikTok ban went into effect.

Business

Telegram founder Pavel Durov promised to improve the messenger's moderation during a court session in France. According to French media, Durov committed to collaborating with three lawyers to enhance Telegram's moderation processes. This decision aims to ensure user safety and platform compliance with legal standards.

Contract Signed with UAE Company for Waste-to-Energy Project

Contract Signed with UAE Company for Waste-to-Energy Project
Business

As part of the "Abu Dhabi Sustainability Week" international summit in the United Arab Emirates, Uzbekistan and the UAE signed an agreement to implement waste-to-energy projects using foreign investments.

Business

Uzbekistan’s Ambassador Ravshan Usmanov held a meeting with James Dauen, Director of the British company DFA. During the meeting, the British company expressed interest in participating in the design of facilities to be constructed in the new city of Tashkent.

Business

Elon Musk has not only reclaimed his position at the top of the world's richest individuals but has also set a new record for personal wealth. According to Bloomberg, Musk's total net worth has reached $347.8 billion, surpassing his previous achievements and setting a historical benchmark.

Tesla's Market Cap Reaches $1 Trillion Following Trump’s Election Victory

Tesla's Market Cap Reaches $1 Trillion Following Trump’s Election Victory
Business

Tesla's market value surged to $1 trillion as Republican candidate Donald Trump's victory in the U.S. presidential election sparked a significant rise in the company's shares.

Business

Tashkent, October 17, 2024. The President of Uzbekistan has approved decree No. PП-357 dated October 14, 2024, aimed at further developing the ecosystem for startup projects and venture funding. This initiative is designed to support new ideas and innovations in the field of digital technologies.

Business

Nvidia's shares reached a historic high, closing at $138.07, with the company's market capitalization nearing $3.4 trillion. Investors are eagerly anticipating the upcoming reports from major tech companies, which are heavily investing in Nvidia's AI chips.

The 42-year-old created Grab, a $2 billion-a-year app

The 42-year-old created Grab, a $2 billion-a-year app
Business

Anthony Tan was the youngest of 3 sons in one of the richest families in Malaysia. His father, Tan Heng Chew, was the president of Tan Chong Motor which was founded by Tan's grandfather in the 1950s, multinational automobile distributor publicly listed on the Kuala Lumpur Stock Exchange.

Business

From January to August 2024, Uzbekistan imported nearly 2.6 million mobile phones worth $236.2 million from abroad. This figure marks a significant increase compared to the same period last year.

Business

OpenAI has successfully raised $6.6 billion in its latest funding round, bringing the company’s valuation to $157 billion. This places OpenAI among the top three most valuable startups globally, alongside SpaceX and ByteDance.

KIOGE 2024: A Hub for Strategic Cooperation and Innovation

KIOGE 2024: A Hub for Strategic Cooperation and Innovation
Business

From September 25-27, the 29th KIOGE 2024 International Oil and Gas Exhibition brought together industry specialists in Almaty. The event attracted 340 companies from 20 countries, with 40% of participants showcasing their innovations for the first time.

Business

The European Union Court has ruled that Apple must pay €13 billion in unpaid taxes in Ireland. This decision concludes a decade-long investigation into the tax breaks provided by the Irish government, marking a significant victory for the European Commission.

Business

New mechanisms are being introduced in Uzbekistan to ensure the continuous development of small businesses. A presidential decree (PQ-312) issued on September 7, 2024, will enhance the "Continuous Support for Small Businesses" program, offering entrepreneurs new financial opportunities.

Better Conditions for Entrepreneurs to be Established

Better Conditions for Entrepreneurs to be Established
Business

On August 30, 2024, the President issued Decree No. UP-132, outlining measures to implement tasks identified in the fourth open dialogue with entrepreneurs. The decree aims to improve business conditions and address existing challenges in the entrepreneurial sector.

Business

French TV channel LCI has reported the detention of Telegram founder Pavel Durov in Paris, citing his refusal to cooperate with French law enforcement as the reason.

Business

President Shavkat Mirziyoyev will soon begin an open dialogue with entrepreneurs in Nukus.

Business Stability Rating in Uzbekistan Supports Entrepreneurial Development

Business Stability Rating in Uzbekistan Supports Entrepreneurial Development
Business

Starting from February 1, 2024, Uzbekistan introduced a "Business Stability Rating" as per the presidential decree. This rating provides new opportunities for businesses and important tax incentives.

Business

The Cabinet of Ministers issued a resolution on July 31, 2024, No. 463 "On measures to organize the evaluation of key performance indicators (KPI) for leaders and deputy leaders of republican and local executive authorities and economic associations."

Business

According to the Bloomberg Billionaires Index, the combined wealth of the 26 richest Russian businessmen reached $361.8 billion as of August 1, 2024.

BMB Za'faron - Now in China

BMB Za'faron - Now in China
Business

As the national saffron cultivation develops in our country, the geography of its export is also expanding.

Business

As of 1 June 2024, 14,349 enterprises and organisations with foreign investments are operating in Uzbekistan, according to the data of the Statistics Agency under the President of the Republic of Uzbekistan.

Business

On June 18, a business forum was held in Samarkand with the participation of representatives of the tourism sector of China, the press service of the Tourism Committee of Uzbekistan informs.

Uzbekistan and Austria reach agreements on practical co-operation in the energy sector

Uzbekistan and Austria reach agreements on practical co-operation in the energy sector
Business

A business dialogue between the Uzbek delegation headed by Energy Minister Jurabek Mirzamakhmudov and a number of Austrian companies in the energy sector was held in Vienna to discuss prospects of cooperation, Uzbek Foreign Ministry's news agency Dunyo reported.

Business

The convenient digital system ensures fast and targeted delivery of all user requests directly to qualified specialists, reports the press service of the Chamber of Commerce and Industry of Uzbekistan.

Business

First Deputy Chairman of the Senate of the Oliy Majlis, S. Safoyev, held a meeting with the regional leadership of AcwaPower. This was reported by the press service of the Senate of the Oliy Majlis of the Republic of Uzbekistan.

Uzbek-Malaysian business forum held in Samarkand

Uzbek-Malaysian business forum held in Samarkand
Business

Uzbek-Malaysian business forum and bilateral meetings in B2B and G2B formats have been held in Samarkand within the framework of the visit to Uzbekistan of the government delegation headed by Prime Minister of Malaysia Anwar Ibrahim. This was reported by the press service of the Chamber of Commerce and Industry of Uzbekistan.

Business

In March, there was a trend towards an increase in customs receipts, exports of goods and transactions on the commodity exchange. This was reported by the CERR of Uzbekistan.

Business

For the third consecutive month, there has been a decrease in activity in the car market. Only in the segment of passenger electric vehicles a slight increase was recorded. This is according to data from the Centre for Economic Research and Reforms of Uzbekistan.

Apple has conceded the lead in smartphone sales to Samsung

Apple has conceded the lead in smartphone sales to Samsung
Business

The South Korean giant Samsung became the world's largest smartphone supplier in the first quarter of 2024, according to data from research firm International Data Corporation (IDC).