Uzbekistan and Kuwait have signed a memorandum of understanding aimed at facilitating trade between the two nations. The agreement was formalized during the Uzbek-Kuwaiti Intergovernmental Commission on Trade, Economic, and Scientific-Technical Cooperation meeting.
Uzbekistan and Kuwait have signed a memorandum of understanding aimed at facilitating trade between the two nations. The agreement was formalized during the Uzbek-Kuwaiti Intergovernmental Commission on Trade, Economic, and Scientific-Technical Cooperation meeting.
This move signifies a strategic step toward enhancing partnerships in key economic sectors, promising mutual growth and development.
Leading the discussions were Minister of Investment, Industry, and Trade of Uzbekistan, Laziz Kudratov, and Kuwait’s State Minister of Economy and Investment, Noura Suleiman Al-Fassam.
The meeting covered the current state of trade and economic ties, with plans laid out to draft an Industrial Cooperation Program and finalize a bilateral investment treaty. Discussions also delved into expanding collaboration in banking, finance, agriculture, tourism, transport and logistics, and environmental protection. Kuwait expressed interest in participating in Uzbekistan’s privatization efforts.
Trade turnover between Uzbekistan and Kuwait has surged over fivefold in the past five years, largely driven by exchanges of food products, chemical goods, and services. Currently, seven Kuwaiti-backed enterprises are operational in Uzbekistan, further underscoring the strengthening economic relationship.
This agreement is seen as a pivotal development, reinforcing the foundation for long-term cooperation in diverse sectors.
Natural disasters in China during the first half of 2025 caused $7.55 billion in economic losses and affected over 23 million people, with floods acco...
U.S. President Donald Trump said he trusts Britain to stand by the United States in conflict but cast doubt on the European Union’s willingness to d...
The Kremlin says Donald Trump’s recent comments, including threats of sanctions and military support to Ukraine, are serious and directly aimed at P...
Tesla's highly-anticipated entry into India has finally happened with the opening of its first showroom — nine years after CEO Elon Musk first hinte...
The European Commission is preparing retaliatory tariffs on €72 billion ($84.1 billion) worth of U.S. goods—ranging from Boeing aircraft and cars ...
Uzbekistan and the State of Eritrea signed a Joint Communiqué on the establishment of diplomatic relations through their respective UN Missions.
A court in Uzbekistan has issued verdicts against two citizens for serving in the Armed Forces of the Russian Federation as 'contract soldiers'.
The Association of Football Federations of Azerbaijan (AFFA) has announced that Azerbaijan and Uzbekistan have officially submitted a joint bid to host the FIFA U-20 World Cup in 2027.
In his speech at the Economic Cooperation Organization Summit held in Khankendi, the President of Uzbekistan urged to define the medium and long-term development priorities of the organization and put forward a proposal to adopt the concept of 'Strategic Goals of Economic Cooperation – 2035.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
Türkiye marks the anniversary of the failed coup attempt now observed as Democracy and National Unity Day. Across the country, people gathered to honour those who gave their lives defending the nation on the 15 July 2016.
Russian writer Boris Akunin (born Grigory Chkhartishvili), who has been designated a "foreign agent" and added to Russia's register of terrorists and extremists, has been sentenced in absentia to 14 years in prison. He was found guilty of “aiding and justifying terrorism”.
The European Union has praised Armenia’s recent steps towards fostering stability in the South Caucasus, particularly its efforts to normalise relations with Türkiye and reach an historic peace agreement with Azerbaijan.
President of Turkmenistan has issued a decree abolishing the Agency of Transport and Communications under the Cabinet of Ministers and establishing five new state bodies aimed at 'significantly' improving the management of the country’s transport and communications sector.
Georgia's Ministry of Foreign Affairs has abolished units working on inter-agency coordination of the European and Euro-Atlantic integration process, which is considered as a part of a broader effort to halt the country’s integration into the European Union.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment