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.
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American b...
Türkiye and Syria plan to increase annual bilateral trade to $5 billion within the next two years, officials from both countries said on Tuesday, as ...
As global diplomatic dynamics continue to evolve, the European Union is reassessing its ability to respond effectively to major international developm...
Uzbekistan plans to create a National Geological Data Bank and expand the use of artificial intelligence (AI) across the mining sector as part of effo...
Azerbaijan is considering new restrictions on children's use of social media, including a minimum registration age of 16 and fines for platforms that ...
Uzbekistan plans to create a National Geological Data Bank and expand the use of artificial intelligence (AI) across the mining sector as part of efforts to attract $30 billion in investment by 2030.
The FIFA World Cup 2026 is set to be one of a kind when it kicks off on 11 June, as it brings with it a slew of firsts ahead of co-hosts Mexico taking on South Africa in the opening match.
Uzbekistan and Russia have agreed to deepen cooperation in agriculture, energy and food security following high-level meetings held during the St Petersburg International Economic Forum (SPIEF) 2026.
The Eighth Global Environment Facility (GEF) Assembly has concluded in Samarkand, bringing together representatives from 186 countries to set environmental priorities and approve new funding for climate, biodiversity and sustainable development initiatives.
Azerbaijan's Foreign Ministry says 19 citizens have been repatriated following a deadly drone attack on two cargo ships in the Sea of Azov on 5 June.
A Sudanese man has been arrested over a knife attack in Belfast that left a man seriously injured and prompted calls online for a protest after footage of the incident circulated widely on social media.
Iran and Israel said on Monday (8 June) they had halted attacks on each other following an appeal from U.S. President Donald Trump, as Axios reported that Trump had privately told Benjamin Netanyahu “be careful, or you will be on your own very soon”.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
Armenia’s parliamentary election has strengthened Prime Minister Nikol Pashinyan’s mandate, with analysts linking the result to his post-Garabagh agenda and pro-Western direction. However, constitutional constraints remain a key obstacle to peace efforts with Azerbaijan.
Türkiye and Syria plan to increase annual bilateral trade to $5 billion within the next two years, officials from both countries said on Tuesday, as they seek to deepen economic ties and support Syria's recovery.
Uzbekistan plans to create a National Geological Data Bank and expand the use of artificial intelligence (AI) across the mining sector as part of efforts to attract $30 billion in investment by 2030.
Azerbaijan is considering new restrictions on children's use of social media, including a minimum registration age of 16 and fines for platforms that fail to protect young users. The proposals form part of a broader global trend towards tighter regulation of online platforms.
The European Union’s proposed 21st sanctions package against Russia could affect companies in Central Asia, including firms in Kazakhstan and Kyrgyzstan, as Brussels moves to tighten controls on sanctions circumvention.
Da Afghanistan Bank, the country's central bank, has discussed expanding banking and trade relations with the Afghanistan–U.S. Joint Chamber of Commerce as the country seeks to strengthen financial services for traders and support private sector growth.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment