| Business
Business

Bobir Yakhyayev, Director of the Investment Project Consulting Department at BMB HOLDING, took part in the ninth Kazakhstan Global Investment Roundtable (KGIR-2026), held in Shymkent on 22 October. He met with representatives of international companies to discuss prospects for joint investment projects.

Business

Uzbekistan is advancing plans to establish the Tashkent International Financial Centre (TIFC), aimed at expanding opportunities for foreign investors and developing the country’s financial market. At a meeting of the Interagency Working Group of the Foreign Investors Council under the President, representatives of international financial institutions, investment firms and legal organisations discussed the project’s priorities.

BMB HOLDING Expands Cooperation with French Investment Bank Bpifrance

BMB HOLDING Expands Cooperation with French Investment Bank Bpifrance
Business

BMB HOLDING has discussed opportunities to attract foreign capital and finance major investment projects with French investment bank Bpifrance. The talks took place in Paris on 19 October during a European business trip by Bekzod Mamatkulov, Chairman of the Board of Founders of BMB HOLDING.

Business

A trade house representing Jizzakh Region has opened in Hong Kong to promote local products on international markets and increase exports to China. Its product range includes BMB Za’faron, a brand manufactured by BMB HOLDING.

Business

BMB MEDIA MARKAZI, part of BMB HOLDING, received an award at the TAF!26 International Advertising Festival for its contribution to developing integrated media solutions across Uzbekistan by bringing together media, content, technology and communication tools.

BMB HOLDING and Kazakhstan Discuss New Opportunities in Trade, Tourism and Investment

BMB HOLDING and Kazakhstan Discuss New Opportunities in Trade, Tourism and Investment
Business

BMB HOLDING and Kazakhstan discussed further development of trade and economic cooperation, export expansion, tourism ties and new opportunities for attracting investment. The meeting between BMB HOLDING Deputy General Director Khairulla Nabizhonov and Nurlan Makazhanov, Trade and Economic Adviser at the Embassy of Kazakhstan in Uzbekistan, was held on October 6.

Business

Elon Musk, the founder of SpaceX and Tesla, has once again seen his fortune exceed $1 trillion. According to the Bloomberg Billionaires Index, his wealth reached $1.04 trillion as of October 6, while Forbes valued it at $1 trillion.

Business

Uzbekistan’s BMB HOLDING and Italy’s HT HOLDING have discussed expanding their joint saffron cultivation project and new investment initiatives. The talks were held on October 5 by BMB HOLDING Chairman of the Founders’ Council Bekzod Mamatkulov and HT HOLDING President Roberto Tucci.

MrBeast to Visit Central Asia for the First Time and Meet Fans in Tashkent

MrBeast to Visit Central Asia for the First Time and Meet Fans in Tashkent
Business

MrBeast, the world’s most popular YouTube creator, will visit Uzbekistan. Jimmy Donaldson will meet fans in Tashkent on October 9, marking his first visit to Central Asia.

Business

The Trans-Caspian fiber-optic communications line linking Azerbaijan and Kazakhstan will be commissioned by the end of 2026. Azerbaijani President Ilham Aliyev made the announcement at the Second Azerbaijan International Investment Forum in Baku. The project involves laying a cable along the seabed of the Caspian Sea.

Business

Uzbekistan’s Minister of Foreign Affairs Bakhtiyor Saidov held a roundtable in Tokyo on September 18 with Takeshi Hashimoto, Chairman of the Japan Business Federation “Keidanren”, as well as executives and representatives of leading Japanese companies. The meeting focused on expanding Uzbekistan-Japan economic cooperation and identifying new investment opportunities.

BMB HOLDING and HAIAOHUA TECHNOLOGY Discuss New Mining Projects in Uzbekistan

BMB HOLDING and HAIAOHUA TECHNOLOGY Discuss New Mining Projects in Uzbekistan
Business

BMB HOLDING and Chinese company HAIAOHUA TECHNOLOGY have continued talks on expanding investment and industrial cooperation. The latest round was held on September 11 with Luo Yong, Chairman of the Board of Directors of HAIAOHUA TECHNOLOGY, following negotiations that began in late August.

Business

Lion Finance Group, the owner of Bank of Georgia, is considering entering Uzbekistan’s banking market through the acquisition of a major local lender. The group is primarily targeting banks ranked among the top three or top five in their respective markets and has ruled out pursuing smaller institutions.

Business

Pedro Martinho has been appointed Chief Executive Officer of Anglesey Food, the company behind Uzbekistan's Korzinka supermarket chain. He officially assumed the role on September 2, 2026, after relocating to Tashkent following a long career in European grocery retail.

Tim Cook Hands Apple Leadership to John Ternus After 15 Years as CEO

Tim Cook Hands Apple Leadership to John Ternus After 15 Years as CEO
Business

Tim Cook has stepped down as Apple’s chief executive after nearly 15 years leading the company. Effective September 1, 2026, John Ternus, previously Apple’s Senior Vice President of Hardware Engineering, became the company’s new CEO, while Cook transitioned to executive chairman of Apple’s board of directors.

Business

The Uzbek government has put its 100% stake in Gold Moon Tashkent, the owner of the Fonon jewelry plant in Tashkent, up for open auction. The starting price has been set at UZS 316.67 billion, with the auction scheduled for September 28.

Business

Meta Platforms has agreed to pay up to $18 billion over ten years under a settlement with attorneys general representing U.S. states, territories and the District of Columbia. The company will also introduce sweeping changes to how minors use Facebook and Instagram.

Uzbekistan and Kazakhstan Expand Business Cooperation Through New BMB HOLDING Projects

Uzbekistan and Kazakhstan Expand Business Cooperation Through New BMB HOLDING Projects
Business

BMB HOLDING and Kazakhstan plan to expand trade, economic and investment cooperation through new export destinations and joint projects. The issue was discussed at a meeting between Bekzod Mamatkulov, Chairman of the Founders Board of BMB HOLDING, and Yeraly Tugzhanov, the newly appointed Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Uzbekistan, on August 25.

Business

Saudi energy company Acwa and South Korea’s Korea Western Power Co., Ltd. (KOWEPO) have signed a memorandum of understanding to explore joint opportunities in Uzbekistan’s renewable energy sector. The MoU was signed in Tashkent on August 25.

Business

BMB HOLDING is considering a potential IPO as one of the prospective directions for its future development. The issue has gained additional relevance following initiatives outlined by President of Uzbekistan Shavkat Mirziyoyev during his open dialogue with entrepreneurs on August 20.

SOCAR Enters Uzbekistan’s Retail Fuel Market with Plans for a Filling Station Network

SOCAR Enters Uzbekistan’s Retail Fuel Market with Plans for a Filling Station Network
Business

Azerbaijan’s state-owned oil company SOCAR is entering Uzbekistan’s retail fuel market and plans to invest in building a network of filling stations across the country. The announcement was made by Azerbaijan’s Minister of Economy and Chairman of SOCAR’s Supervisory Board Mikayil Jabbarov at the 4th Azerbaijan–Uzbekistan Interregional Forum.

Business

Uzbek pharmaceutical company Asia Pharm Group is in talks with Turkish pharmaceutical company Orzax on a new investment project in Uzbekistan. The initiative envisages the development of a modern manufacturing complex on a 3-hectare site.

Business

Khorezm has presented major tourism projects to entrepreneurs and foreign investors as part of plans to make the region one of Uzbekistan’s leading international tourism destinations by 2030. More than 500 entrepreneurs and investors took part in the presentation.

Bezos-Backed Consortium Acquires 30% Stake in Liverpool

Bezos-Backed Consortium Acquires 30% Stake in Liverpool
Business

Amazon founder and U.S. billionaire Jeff Bezos has joined 1892 Holdings, the consortium acquiring around a 30% stake in English football club Liverpool. Fenway Sports Group (FSG) will remain the club’s controlling owner following the transaction.

Business

SpaceX and Tesla will initially invest $16.8 billion to build Terafab, a major semiconductor manufacturing complex in Texas. If the project is fully developed, total investment could reach $119 billion.

Business

A New Mexico court has ordered Meta to pay $567 million in compensation after finding that Facebook and Instagram harmed the mental health of children and teenagers. The award comes in addition to a previously imposed $375 million penalty issued by a jury.

Quality, Aesthetics and Service: Box Catering Service Advances Event Culture

Quality, Aesthetics and Service: Box Catering Service Advances Event Culture
Business

Uzbekistan's corporate events market is evolving rapidly, bringing higher expectations for service quality. Today, a successful event is defined not only by a well-designed program but also by an outstanding culinary experience that plays a key role in creating a lasting impression on guests.

Business

Representatives of BMB HOLDING held talks with Chen Jie, Chief Executive Officer of AI Automotiv Central Asia Trading Corporation, to explore cooperation in the automotive industry, transport, logistics, investment, tourism and consulting. The discussions were held within the framework of the strategic partnership between the Republic of Uzbekistan and the People's Republic of China.

Business

The management of Uzmetkombinat JSC held talks with representatives of J.P. Morgan on financing the company's strategic investment projects. The meeting, held in New York on 24 July, focused on strengthening the company's raw material base and expanding access to international capital markets.

Perfectum Reshapes Ownership as Competition Committee Approves Deal

Perfectum Reshapes Ownership as Competition Committee Approves Deal
Business

Uzbekistan's Competition Committee has approved the acquisition of a 50% stake in mobile operator Perfectum by businessman Farhod Mamatjanov, paving the way for further investment and development in the country's telecommunications sector.

Business

The expansion of domestic private capital into the high-capacity markets of the Middle East is becoming deeply systematic due to the establishment of resilient interagency platforms designed to minimize logistical barriers and stimulate direct B2B contacts. On the sidelines of the Tashkent International Investment Forum (TMIF-2026), a strategic memorandum was signed between the Chamber of Commerce and Industry of Uzbekistan and the Economic Council of Iraq, anchoring the official establishment of a joint Business Council.

Business

The construction of Central Asia's largest ultra-modern aviation hub will elevate Uzbekistan's transport and logistics potential to a world-class transit level, ensuring the reception of all aircraft types under any weather conditions. On the sidelines of the fifth Tashkent International Investment Forum (TIIF-2026), Uzbekistan Airports JSC and the Saudi company Vision International Investment signed a public-private partnership (PPP) agreement for the construction and operation of the "New Tashkent" International Airport. The project, with an initial phase valued at approximately $3 billion, will be executed by a consortium of leading companies from Saudi Arabia, Japan, and the Republic of Korea. Under the terms outlined by the Ministry of Transport, the new facility will be transferred to the private partner's management for a term of 35 years.

American Capital for Medicine and Mining: DFC to Finance Major AKFA GROUP Projects

American Capital for Medicine and Mining: DFC to Finance Major AKFA GROUP Projects
Business

The strategic partnership between Uzbek private business and American financial institutions is shifting into the practical phase of large-scale investment, unlocking new opportunities for integrating innovative technologies into the republic's social and industrial sectors. A high-level delegation from the United States of America, led by Ben Black, Chief Executive Officer of the International Development Finance Corporation (DFC), visited the AKFA GROUP holding. The parties held detailed negotiations focused on expanding bilateral commercial interaction and directly attracting major American investments into the company's key infrastructure projects.

Business

The global financial system has recorded an unprecedented historical milestone: the planet has seen its first-ever dollar trillionaire, whose aggregate wealth has surpassed a previously unimaginable threshold. American entrepreneur Elon Musk has officially secured this status driven by the massive initial public offering (IPO) of his aerospace corporation, SpaceX. According to joint calculations by Forbes and Reuters based on internal company filings, the businessman's personal net worth will top $1,1 trillion the exact moment trading commences on Friday, June 12, on the Nasdaq exchange.

Business

Uzbekistan's investment climate is attracting growing attention from major global players, and this interest is now shifting into the realm of practical solutions. High-level state talks took place in Tashkent, which could provide a powerful impetus for job creation and large-scale infrastructure modernization. The country's leadership made it clear to Washington that the era of general declarations is over—Uzbekistan expects concrete contracts and a long-term market presence from American businesses.

Tashkent Prepares to Host Massive Business Forum with South Korea

Tashkent Prepares to Host Massive Business Forum with South Korea
Business

The economic partnership between Tashkent and Seoul is ascending to its peak capacity. On June 16, the capital will play host to the massive "Uzbekistan – Korea" Business Forum, convened on the sidelines of the 5th Tashkent International Investment Forum. The event will bring together top executives from world-renowned Korean conglomerates and premier financial institutions on a single platform. The forum is designed to act as a direct catalyst for securing multi-million-dollar contracts, transferring cutting-edge digital technologies, and launching long-term infrastructural ventures that will reshape the domestic industrial landscape.

Business

At the Cannes Film Festival held in France, the FONON jewelry house received an international nomination and presented its products on the international stage. FONON thus became one of the first national jewelry brands from Uzbekistan to take a step onto the global stage.

Business

Just three days after a bruising courtroom defeat against OpenAI and Sam Altman, the billionaire’s aerospace empire, SpaceX, has officially filed for an Initial Public Offering (IPO). This historic market debut will not only cement the corporation’s trillion-dollar valuation but is also guaranteed to elevate Musk as history's first-ever trillionaire, wielding unprecedented personal wealth.

Zuckerberg Fires 8,000 Meta Employees and Launches Total Surveillance

Zuckerberg Fires 8,000 Meta Employees and Launches Total Surveillance
Business

Meta CEO Mark Zuckerberg has announced a radical ten percent staff reduction to aggressively pivot the corporation’s focus toward artificial intelligence. The mass layoffs of IT professionals are unfolding alongside internal scandals, office protests, and the deployment of an unprecedented surveillance system to monitor the remaining workforce.

Business

The recent business forum in the capital has laid the groundwork for ambitious projects ranging from cashmere processing to livestock expansion. With surging trade figures and the launch of new logistics routes, the partnership between the two nations promises to be a key driver of economic revitalization across Central and East Asia.

Business

The National Agency for Perspective Projects (NAPP) has officially revoked the license of Global Insurance Group, which had previously been under sanction. This decision marks the culmination of a series of financial violations and fines that have also impacted several other major players in the industry.

Bekzod Mamatkulov Secured Saffron Supplies to the US

Bekzod Mamatkulov Secured Saffron Supplies to the US
Business

The SelectUSA Investment Summit, held in early May 2026, opened the doors to the major leagues of American retail for the Uzbek conglomerate BMB HOLDING. During the visit, Bekzod Mamatkulov, Chairman of the Supervisory Board, held a series of key negotiations in Philadelphia and New York aimed at expanding the country’s export potential.

Business

Uzbekistan's creative industry is reaching a new level thanks to a partnership with the trendsetters of the animation world. The Ministry of Digital Technologies and the Japanese company ELF-IN Co., Ltd are launching a large-scale educational project. With the infusion of substantial grants and the involvement of foreign masters, the country will begin training specialists capable of creating world-class graphics.

Business

Apple Corporation has officially confirmed an upcoming change in leadership. Tim Cook, who has spearheaded the tech giant for over a decade, is stepping down as Chief Executive Officer. He will be succeeded by John Ternus—the driving force behind the development of the company’s key hardware innovations in recent years.

Andrew Tate Spotted in Uzbekistan

Andrew Tate Spotted in Uzbekistan
Business

Famous internet personality and former kickboxing champion Andrew Tate has been spotted in Uzbekistan alongside his brother Tristan Tate. Their visit has sparked interest on social media, though official details of the trip have not been disclosed.

Business

Meta and Arkady Volozh’s Nebius have agreed on joint investments of up to $27 billion over five years to develop AI data center infrastructure.

Business

Preparations for the 13th session of the World Urban Forum (WUF13), to be held in Baku from May 17–22, 2026, have entered their final stage. A video from the Baku Olympic Stadium (BOS) showcases the scale of preparations. The forum will gather experts, architects, urban planners, and community representatives from around the world.

Durov Under Investigation Over Alleged Terrorism Support

Durov Under Investigation Over Alleged Terrorism Support
Business

Authorities are investigating actions of Pavel Durov, founder of the messaging platform Telegram, under article 205.1 of the Russian Criminal Code related to possible assistance to terrorist activity.

Business

The Tagansky Court of Moscow has imposed an administrative fine of 7 million rubles on the Telegram messenger for failing to remove content containing calls for extremist activity.

Business

The Tashkent Interdistrict Economic Court has declared AO Maroqand, owner of the UPay payment system, insolvent and initiated its liquidation process.

Elon Musk Becomes First Person Worth Over $800 Billion

Elon Musk Becomes First Person Worth Over $800 Billion
Business

Elon Musk has become the first person in history with a net worth exceeding $800 billion, following the merger of SpaceX and xAI.

Business

US President Donald Trump has urged major oil companies to invest at least $100 billion in Venezuela’s oil sector, but industry leaders have reacted with caution.

Business

The messenger’s bonds worth around $500 million have been frozen in Russia’s National Settlement Depository due to Western sanctions. The company assures investors that payments will be made on schedule.

President of Uzbekistan takes part in the business forum of “Central Asia + Japan” Dialogue

President of Uzbekistan takes part in the business forum of “Central Asia + Japan” Dialogue
Business

In continuation of the program of events of the “Central Asia + Japan” Dialogue, President of the Republic of Uzbekistan Shavkat Mirziyoyev took part in a multilateral business forum.

Business

Warner Bros. Discovery has rejected a $108 billion takeover bid from Paramount, opting instead to pursue a deal with Netflix that it considers more attractive and secure for shareholders.

Business

Volkswagen has shut down a plant in Dresden, marking the first time in the company’s nearly 90-year history that production has been permanently halted in Germany. The move underscores the deepening crisis in the country’s auto industry.

Ford Scales Back Electric Car Ambitions Amid Financial Struggles

Ford Scales Back Electric Car Ambitions Amid Financial Struggles
Business

Ford has revised its ambitious electric vehicle plans amid financial losses, deciding to focus on producing hybrids and gasoline-powered vehicles instead.

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.