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.
Uzbekistan is hosting two major international events in civil aviation and air navigation for the first time. The 3rd annual SOCEA General Meeting was held on September 8, while the CANSO Eurasia ANSP’s Summit opened in Tashkent on September 9.
Volkswagen Plans Largest Job Cuts in Automotive Industry History
Volkswagen plans to cut around 100,000 jobs worldwide by the end of the decade, equivalent to roughly 15% of its global workforce. Management and unions have agreed to eliminate another 50,000 positions, on top of the same number already agreed earlier.
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.
BMB HOLDING has opened a new multifunctional complex, BMB BUSINESS MARKAZ, in Jizzakh, bringing together retail, food service, commercial facilities and future education projects. The total investment amounted to UZS 27.5 billion, with the project financed entirely from the holding's own funds.
Uzbekistan Introduces Three-Year Moratorium on Small Business Inspections
Uzbekistan is introducing a three-year moratorium on inspections of small businesses, with limited exceptions explicitly provided for by law. The measure was established by a presidential decree signed on August 27, 2026, following the President’s sixth open dialogue with entrepreneurs.
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.
Uzbekistan-based private logistics group Centrum Holding plans to launch an initial public offering in the first quarter of 2027. The company also aims to raise exports to $1 billion by the end of 2026 while continuing a major expansion of its aircraft fleet.
Uzbekistan and Belarus Expand Business Access to Each Other’s Commodity Exchanges
The Belarusian Universal Commodity Exchange (BUCE) and the Uzbek Republican Commodity Exchange (UzRTSB) have signed a cooperation agreement aimed at expanding the participation of companies from both countries in electronic trading. The agreement provides for mutual access to the two countries’ commodity markets, simplified procurement procedures, analytical data exchange and joint projects.
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.
Talks between BMB HOLDING and India’s Bhavesh Trading Company have moved from business dialogue toward a specific export opportunity. The companies are exploring large-scale supplies of garlic grown and processed by BMB HOLDING to the Indian market.
From Loans to Logistics: Uzbekistan Prepares a New Package of Business Opportunities
Uzbekistan’s President Shavkat Mirziyoyev has announced a new package of measures to support entrepreneurship, including expanded lending, the introduction of artificial intelligence tools and easier access to state assets and land. The initiatives were presented during an open dialogue with entrepreneurs.
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.
Centrum Air expands its network and announces the launch of regular passenger service on three new destinations — Ekaterinburg, Perm and Ufa. These routes will allow passengers from Uzbekistan to reach quickly and comfortably the industrial and cultural centers of the Urals and Volga region.
Uzmetkombinat Expands Energy Modernization Cooperation with Toshiba and Sieyuan
Uzmetkombinat JSC plans to continue cooperation with Toshiba and Sieyuan Electric on the modernization of its energy infrastructure. During a working visit to China, a delegation from the company visited Changzhou Sieyuan Toshiba Transformer Co., Ltd., a joint venture between the two companies.
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.
More than 100 representatives of Kazakhstan's private sector took part in the Uzbekistan–Kazakhstan Business Forum held in Tashkent. The event served as a platform to discuss new investment projects, strengthen industrial cooperation, and deepen direct business ties between the two countries.
Uzbekistan and Bashkortostan Expand Business Cooperation Following Ufa Forum
The Uzbekistan–Bashkortostan Business Forum in Ufa concluded with the signing of new cooperation agreements and commitments to implement joint projects. The event brought together more than 100 Uzbek companies representing the industrial, construction, healthcare, and IT sectors.
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.
BMB HOLDING continues to strengthen its international partnerships by expanding cooperation with one of China's largest state-owned corporations. During a recent meeting, the parties discussed joint investment opportunities, industrial cooperation, and the promotion of Uzbek products in foreign markets.
BMB HOLDING Strengthens Business Ties with Japan
BMB HOLDING continues to expand its international partnerships by strengthening cooperation with Japanese counterparts. The discussions focused on joint investment projects, export expansion, and promoting Uzbek products in the Japanese market.
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.
On June 15, 2026, a meeting took place between the Deputy General Director of BMB HOLDING, Khayrulla Nabijonov, and Pavlo Stergard, Head of the MENA region, Turkey, and Central Asia at the French state investment bank Bpifrance, along with his advisor, Amandine Sainte Luce. During the negotiations, the foreign delegation was presented with extensive information regarding the holding's pivotal projects in export, construction, investment, and agro-industry, as well as strategic measures aimed at diversifying international cooperation.
SpaceXAI Plans to Deploy Neural Networks in Tajikistan
The Central Asian region is emerging as a new gravitational hub for the world’s leading tech giants, which are increasingly prepared to invest heavily in local digital infrastructure.
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.
Uzbekistan is scaling its industrial presence in the region, elevating the promotion of domestic brands to a new international level. In Bishkek, the grand opening ceremony of the extensive national stand "Made in Uzbekistan" took place on the sidelines of the prestigious SCO exhibition. Bringing together the core drivers of the Uzbek economy—ranging from heavy manufacturing to cutting-edge digital solutions—this high-tech exposition captured the direct attention of heads of line ministries and major business figures from the participating states.
Mobile Operator Mobiuz Sold to US Consortium for $351M
One of the most high-profile and tech-driven privatization deals in Uzbekistan has been finalized. Mobile operator Mobiuz (Universal Mobile Systems LLC) is transitioning fully into private ownership. More than 15 international players ranging from the US to Japan competed for the right to acquire the 100% state-owned stake. A consortium of institutional investors from the United States emerged as the winner of this prestigious tender. The multi-million-dollar transaction not only establishes a new benchmark for the domestic telecom market but also guarantees a massive digital overhaul of networks across the republic.
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.
Major German automakers are sequentially declaring their readiness to repurpose production capacities for military needs. Amid escalating geopolitical instability and Berlin's calls for Europe to assume greater responsibility for continental security, even a premium giant like Mercedes-Benz has officially opened the door to manufacturing military hardware.
BMB HOLDING and Malaysian Investors Launch New Projects
The mutual interest of businesses from both countries has expanded far beyond traditional trade. High technologies, halal tourism, the agricultural sector, and Islamic finance have emerged at the crossroads of shared interests. The talks between BMB HOLDING and the Malaysian Ambassador open new vistas for Uzbek exports and the transfer of advanced Asian technologies.
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.
Jakhongir Artykhodjayev has officially initiated a major investment project in the US state of Kentucky. The total value of the initiative is estimated at $600 million. The new industrial complex is planned to host production across four key sectors: automobile assembly, solar panel manufacturing, window spare parts, and aluminum products.
BMB Holding Products Presented To The U.S. Secretary Of Commerce At The Selectusa Investment Summit
The participation of the Uzbek delegation in the prestigious SelectUSA Investment Summit, held in Washington from May 3 to 6, was marked by a series of strategic victories for domestic business. BMB HOLDING stood at the center of the events: from presenting a unique national brand to the U.S. Secretary of Commerce to concluding partnership agreements with major financial institutions and a range of cities in California. This visit served as a clear signal of Uzbek manufacturers' readiness to compete at the highest international level, offering eco-friendly and certified products to the U.S. market.
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.
Forbes released its annual ranking of the world’s wealthiest individuals. Leading the list is Elon Musk, whose fortune reached a record $839 billion. Google founders Larry Page and Sergey Brin hold second and third places. The top 20 includes entrepreneurs from the US, China, India, and Europe, with total billionaire wealth reaching $20.1 trillion.
Google Fined More Than the Global Economy
A Russian court has fined Google an astronomical amount — $1.4 quintillion. This exceeds the entire global GDP and is worth more than all the money in the world.
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.
The 41st General Assembly of the Islamic Chamber of Commerce and Development (ICCD) was held in Mecca, Saudi Arabia. A delegation from the Chamber of Commerce and Industry of Uzbekistan, led by First Deputy Chairman Davronbek Kurbanov, took part in the meeting.
xAI Loses Co-Founders Ahead of Major SpaceX Deal
Elon Musk’s AI startup xAI has lost two co-founders in just two days, adding to a broader wave of departures as the company moves toward a major merger with SpaceX and faces regulatory scrutiny.
Elon Musk has become the first person in history with a net worth exceeding $800 billion, following the merger of SpaceX and xAI.
Apple reported record revenue and profit for Q1 of fiscal 2026, which ended December 27, 2025, surpassing analysts’ expectations. Quarterly revenue rose 16% to a record $143.76 billion, with net income up nearly 16% to $42.1 billion. Adjusted earnings per share reached $2.84, exceeding analysts’ estimates of $138.48 billion and $2.67 per share.
Musk Prepares Major Merger as SpaceX and xAI Hold Talks Ahead of IPO
Elon Musk is in talks to merge SpaceX with his artificial intelligence startup xAI ahead of the space company’s planned initial public offering in 2026, according to Reuters. If completed, the deal would bring rockets, the Starlink satellite network, social platform X and the Grok AI chatbot under one corporate umbrella.
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.
As part of the business program of his official visit to Japan, President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting with the heads of leading companies, financial institutions, and business associations of the country.
Largest Deregulation Move in Years
Uzbekistan has taken one of its most significant deregulation steps by abolishing more than 1,600 mandatory requirements, easing conditions for businesses and individual entrepreneurs.
Ford has revised its ambitious electric vehicle plans amid financial losses, deciding to focus on producing hybrids and gasoline-powered vehicles instead.
Elon Musk, the founder of SpaceX and Tesla, has become the first person in history to surpass a net worth of $600 billion, according to Forbes. The milestone follows a sharp increase in SpaceX’s valuation ahead of its planned IPO.
Uzbekistan to Introduce New Tax Rules for Companies Starting in 2026
President Shavkat Mirziyoyev has signed a decree introducing new mechanisms of tax regulation that will come into force on 1 January 2026. The reforms aim to increase transparency in business operations and strengthen tax compliance across the corporate sector.
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.
Sustainable Fitch has assigned SOCAR its first ESG rating, giving the company an overall score of 3 and highlighting the maturity of its environmental, social and governance practices.
Tashkent to Host the Region’s Major Developer Summit
On February 11–12, 2026, Tashkent will host the fourth international Move Real Estate Summit — a key platform for discussing Uzbekistan’s growing real estate market, investment climate, and global architectural trends.
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.
Apple CEO Tim Cook may step down after more than a decade leading the company, Bloomberg reported, citing journalist Mark Gurman.
OpenAI topped the ranking of the world's most expensive companies
OpenAI has become the world's most expensive private company. Its value is now estimated at $500 billion - more than Elon Musk's SpaceX and China's ByteDance.
NamAgro Tech, one of the leading agribusiness drivers in Namangan region, has been awarded a prestigious presidential prize.
TBC Bank Group has announced the acquisition of a controlling stake in OLX Uzbekistan, the country’s leading online classifieds platform. The deal, one of the largest M&A transactions in Uzbekistan in recent decades, marks a major step in expanding TBC’s digital ecosystem.
China and the USA increased their presence in the Uzbek market
Over the past year, the number of companies with Chinese capital in Uzbekistan has increased by 1.5 times, with 58 more added in July — a record growth despite an overall decline in foreign investor activity. The United States entered the top 10 for the first time in a year.
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.
TASS Vision, a startup developing smart cameras for the retail sector, has successfully closed a €1.3 million funding round and is preparing for large-scale expansion. The Czech fund Purple Ventures became the first Central European investor to back a startup from Uzbekistan.
Nvidia became the first company with a $4 trillion capitalization
The American technology company Nvidia became the world's first company whose market capitalization exceeded $4 trillion. This historic achievement came after shares rose by 2.8% to $164.42 per paper immediately after the opening of trading in New York.