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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.

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.