Author: Komil Kamalov

The microfinance pioneer has been tapped to lead an interim government after the ouster of PM Sheikh Hasina. Bangladesh’s Nobel laureate Muhammad Yunus will head the country’s interim government after former Prime Minister Sheikh Hasina stepped down and fled the country amid a mass uprising against her rule led mostly by students. The announcement early on Wednesday came from Joynal Abedin, the press secretary of President Mohammed Shahabuddin. Abedin also said the other members of the Yunus-led government would be decided soon after discussion with political parties and other stakeholders. The leaders of the student protests, the chiefs of the country’s three…

Latest Developments The third-most senior Hamas figure, Saleh al-Arouri, was killed on January 2 in a Beirut blast that Lebanese authorities blamed on Israel. Arouri was among at least four people who died in an Israeli drone strike on a Hamas media office in the southern Dahiyeh suburb of the Lebanese capital, a Hezbollah stronghold, authorities said. Israeli officials had no immediate comment. After Yahya Sinwar and Ismail Haniyeh, Arouri was the top-ranked Hamas official. He pursued an especially aggressive Palestinian terrorism strategy, with a focus on the West Bank, where he ordered the 2014 abduction and murder of three Israeli teenagers, sparking a…

The EBRD and Uzbekistan have mentioned increasing their collaboration in renewable vitality improvement packages, Trend experiences. The situation was mentioned throughout a gathering between Uzbek President Shavkat Mirziyoyev and EBRD President Odile Renaud-Basso on the sidelines of the World Summit on Climate Action, which was held in conjunction with the twenty eighth session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in Dubai. During the convention, it was reported that the financial institution’s investments in Uzbekistan totaled greater than 3.5 billion euros, with the non-public sector accounting for 60 p.c of the undertakingportfolio.…

President of Uzbekistan Shavkat Mirziyoyev chaired a meeting on measures for the rational use of water resources and reducing losses on November 29, UzA reported. 20% of water resources are formed in Uzbekistan, the rest on the territory of neighboring states, the President noted. Water sources are decreasing year after year as a result of climate change. The situation regarding the management of transboundary rivers remains difficult. According to forecasts, the water shortage in Uzbekistan could reach 15 billion cubic meters by 2030. However, even in such conditions, water is used irrationally. In Uzbekistan, 90% of water resources are spent…

Regions of Uzbekistan and Kyrgyzstan intend to develop cooperation in tourism, Azernews reports, citing 24.kg News Agency. According to its data, specialists of tourism departments of Fergana, Andijan and Namangan regions made working trips to Osh, Jalal-Abad and Arslanbob. The issues of strengthening regional cooperation in the tourism sphere, in particular, the possibility of implementation of joint projects, increasing the flow of mutual tourists were considered during the talks. The sides voiced the proposals on infrastructure development in the spheres of culture, history, trade, crafts and sports. Source: Azernews

As outlined in Uzbekistan’s New Development Strategy 2022-2026, President Shavkat Mirziyoyev has called for a radical transformation of the economy. Judging from recent media coverage and on-the-ground appearances, Uzbekistan is well on its way in meeting its socio-economic development objectives. That’s all good news, but Uzbekistan can do better.  It is high time for Uzbekistan to start developing a deep long-term debt capital market in som, the country’s currency. To accelerate the process of economic transformation, a well-developed local debt market would serve Uzbekistan’s lenders and borrowers better than the current structure of its debt markets, and in time would even…

Zurich — Switzerland’s federal prosecutor said on Thursday it had filed an indictment against the daughter of Uzbekistan’s former president, accusing her of taking bribes and running an elaborate criminal organisation known as “The Office”. Gulnara Karimova, daughter of Islam Karimov — who ruled Uzbekistan from 1991 to 2016 — is accused of leading the operation, which allegedly channelled hundreds of millions of dollars worth of bribes from telecoms companies. Money was funnelled through bank accounts in several countries before being transferred to bank accounts in Switzerland, the office of the attorney-general (OAG) said. “The beneficial owners of these bank…

The economies of Central Asia demonstrated strong growth in the first half of 2023, bolstered by a resumption of international trade and tourism, as well as high levels of migration and remittances from Russia, according to the European Bank for Reconstruction and Development’s (EBRD) latest Regional Economic Prospects (REP) report, published today. According to the Bank, GDP growth in the region is likely to remain robust at 5.7 per cent in 2023 and 5.9 per cent in 2024. The recent bout of growth – driven by government spending, China’s reopening, intermediated trade with Russia, as well as remittances, tourism and…

ST. LOUIS – International Break for most of the soccer world has commenced and many of the top United States players in Europe are set to land in St. Louis this weekend as the US Men’s National Team will play a friendly against Uzbekistan Saturday at 3:30 p.m. at the CITYPARK. For the Uzbekistan community in the United States and in St. Louis, it is an exciting experience to watch their origin country play a match against the USMNT. Bobur Hasan, a representative from the St. Louis Uzbek diaspora group, joined Total Information A.M. in studio Thursday to talk about…

Doha, Qatar: President of Uzbekistan H E Shavkat Mirziyoyev’s visit to Qatar comes to develop bilateral relations and move them to comprehensive and broad strategic partnerships in various fields. Amir H H Sheikh Tamim bin Hamad Al Thani will welcome the Uzbek President at the Amiri Diwan today to discuss relations between the two friendly countries and ways to support and enhance them in various sectors, and to sign a number of agreements and memoranda of understanding, as well as discussing a number of current regional and international issues of common interest. President of Uzbekistan’s visit to Doha is important,…