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.
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
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.
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.
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
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.
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.
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
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.
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.
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
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.
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.
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
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.
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.
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
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 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.
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 has become the first person in history with a net worth exceeding $800 billion, following the merger of SpaceX and xAI.
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.
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
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.
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.
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 has revised its ambitious electric vehicle plans amid financial losses, deciding to focus on producing hybrids and gasoline-powered vehicles instead.
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.
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 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.
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.
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
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.
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.
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, one of the leading agribusiness drivers in Namangan region, has been awarded a prestigious presidential prize.
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.
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, 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.
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.
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
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.
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.
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.
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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).
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
Marketplace TEMU has become a resident of Uzbekistan, but restrictions remain in place for now.
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.
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
Japan is taking the lead in Uzbekistan's digital transformation by increasing investments and expanding IT cooperation.
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.
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
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.
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.
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, 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.
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.
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
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.