| Economy

Uzbekistan and UAE’s Masdar Prepare New Energy Mega-Projects

Economy

The diversification of the energy mix and the accelerated transition to a low-carbon economy remain core priorities of the republic's long-term industrial policy, ensuring a sustainable supply of clean generation for the population and commercial sectors. On the sidelines of the fifth Tashkent International Investment Forum (TIIF-2026), the Minister of Energy of the Republic of Uzbekistan, Jurabek Mirzamahmudov, held talks with the Chief Executive Officer of the UAE's Masdar company, Mohamed Jameel Al Ramahi.

The President of Uzbekistan met with the Chairman of the Board of ACWA

Economy

At the Tashkent International Investment Forum, President of the Republic of Uzbekistan Shavkat Mirziyoyev met with Muhammad Abunayyan, Co-Chair of the Uzbek-Saudi Business Council and Chairman of the Board of ACWA.

New Contours of Partnership with Malaysian Giant Petronas

Economy

On the sidelines of the 5th Tashkent International Investment Forum, the Minister of Energy of the Republic of Uzbekistan, Jurabek Mirzamahmudov, held talks with the Chairman of the Advisory Committee under the Prime Minister of Malaysia and Advisor to the "Petronas" transnational company, Tan Sri Mohd Hassan bin Marican.

Bakhtiyor Saidov Agrees on Business Council and "Made in Uzbekistan" Exhibition in Algeria

Economy

Uzbekistan and Algeria are shifting toward the practical implementation of their bilateral economic cooperation, leveraging their complementary advantages to solidify interregional ties between Central Asia and Africa.

Chaired by President Shavkat Mirziyoyev, a Video-Conference on the Development of the Chemical Industry Has Commenced

Economy

Uzbekistan is initiating a radical structural overhaul of its entire chemical industry. Against the backdrop of dynamic national economic growth, the chemical sector has lagged significantly behind: despite billions in foreign investment, domestic production accounts for barely over half of the market demand, while factories continue to burn scarce natural gas to churn out low-efficiency fertilizers. President Shavkat Mirziyoyev spearheaded a sharp, critical review, declaring a shift away from an outdated agricultural-raw model toward the deep processing of domestic mineral resources. The sweeping master plan spans the fast-tracked launch of specialty chemical units, extracting high-value metals for the electronics industry, and incubating state-backed consumer chemical brands for their subsequent offloading to the private sector.

Uzbekistan Prepares Major Deals with AD Ports Group

Economy

Uzbekistan is bringing in one of the world's leading operators to modernize its transit networks. Minister of Investments, Industry, and Trade Laziz Kudratov held strategic talks with the UAE-based giant AD Ports Group. The parties are drafting a major package of agreements, the signing of which at the IV Tashkent International Investment Forum is set to elevate the republic's logistics infrastructure to a global standard.

President of Uzbekistan proposes international initiatives on sustainable urban development

Economy

On May 18, President of the Republic of Uzbekistan Shavkat Mirziyoyev took part in the Leaders’ Summit held as part of the thirteenth session of the World Urban Forum in Baku.

BP, SOCAR, and Uzbekneftegaz Launch Major Extraction

Economy

British BP’s entry into the development of Uzbekistan's subsoil is more than a mere investment; it marks the arrival of world-class technology to unlock the potential of the Baiterak and Karakalpak blocks. As SOCAR and Uzbekneftegaz lay the groundwork, London steps in as the technological powerhouse, positioning the region as a central hub for gas extraction in Central Asia.

Ursula von der Leyen Responds to Trump’s Tariff Ultimatum

Economy

Trade relations between Brussels and Washington have entered a zone of deep turbulence. Following Donald Trump’s sudden threat to raise duties on European cars to 25%, European Commission President Ursula von der Leyen issued a firm response. Speaking in Yerevan, she reminded the U.S. President that international agreements are not a subject for manipulation, emphasizing that Europe is legally protected and ready for any scenario.

Israel Targeted by EU Sanctions over Russian Ship

Economy

Relations between Israel and the European Union have reached a new boiling point. Adding to the existing disagreements over the situation in Lebanon and Gaza, a sharp diplomatic conflict has emerged over Ukrainian grain. Brussels is prepared to take an unprecedented step—imposing sanctions on Israeli citizens and companies if their involvement in trading food illegally exported by Russia is confirmed.

Dollar Under Fire: Will the Iranian Crisis Mark the End for the American Currency?

Economy

The conflict between the U.S. and Iran has sparked a new wave of debates regarding the potential collapse of the dollar-centric financial system. Despite the blockade of the Strait of Hormuz and Tehran's attempts to shift settlements to yuan and stablecoins, the American currency is demonstrating remarkable resilience, paradoxically strengthening amidst global instability.

Legislative Chamber Approves Uzbekistan’s Entry into the BRICS Financial Family

Economy

Uzbekistan has officially formalized its status within the BRICS framework. The Legislative Chamber of the Oliy Majlis has ratified the agreement for the republic to join the New Development Bank (NDB), granting Tashkent access to large-scale preferential investments.

The President of Uzbekistan discussed expanding environmental cooperation with UNEP

Economy

On the sidelines of the Regional Environmental Summit in Astana, President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting with Inger Andersen, Executive Director of the UN Environment Programme.

President of Uzbekistan to attend international events in Kazakhstan

Economy

The President of the Republic of Uzbekistan Shavkat Mirziyoyev, will pay a working visit to Astana on April 21–22, at the invitation of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev, to attend the Regional Environmental Summit and a meeting of the Council of Heads of State–Founders of the International Fund for Saving the Aral Sea.

List of Approved Exports from Uzbekistan Grows to 29 Items

Economy

Uzbekistan's agricultural exports are reaching new heights: following successful negotiations with the Phytosanitary Service of Pakistan, domestic producers have received official clearance to supply four high-demand products. Fresh Uzbek apples, lemons, figs, and chili peppers will now grace the markets of one of South Asia’s largest consumer nations.

Central Bank Issues Exclusive Coins for Amir Temur's 690th Anniversary

Economy

The Central Bank of Uzbekistan has marked the 690th anniversary of the great commander Amir Temur's birth with the release of a unique series of commemorative coins. These high-purity gold and silver pieces are now on sale, offering significant value for both collectors and investors.

US and Uzbekistan Create Joint Shield for Business

Economy

In Washington, Saida Mirziyoyeva, Assistant to the President of Uzbekistan, held a strategic meeting with Ben Black, CEO of the U.S. International Development Finance Corporation (DFC). The negotiations have paved the way for the launch of a unique investment platform destined to fundamentally redefine the landscape for American business in the region.

Uzbekistan Strengthens International Transport Cooperation

Economy

Within the framework of the International Transport and Logistics Forum in Saint Petersburg, the Minister of Transport of Uzbekistan, Ilhom Makhkamov, held a series of bilateral meetings with his counterparts from Russia, Kazakhstan, Kyrgyzstan, Saudi Arabia, and the UAE.

Uzbekistan Prepares State Firms for IPO with Rothschild & Co

Economy

Uzbekistan is expanding cooperation with a global financial group to bring major state-owned enterprises to international capital markets, aiming to accelerate privatization and boost investment appeal.