G7 set to discuss climbing oil prices, release of emergency reserves
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint r...
During the 150th Assembly of the Inter-Parliamentary Union (IPU), Uzbekistan's President Shavkat Mirziyoyev held productive discussions with the heads of parliaments from several Arab nations.
The high-level meeting saw the participation of leaders, including the Chairman of the Arab Parliament and the speakers of the parliaments of Bahrain, Egypt, Oman, Qatar, and the United Arab Emirates (UAE).
The central focus of the talks was the future development of relations between Uzbekistan and the Arab countries, covering critical areas such as parliamentarism, economics, energy, transport, and tourism. Notably, the meeting underscored the growing cooperation in recent years, highlighted by the signing of significant agreements and the establishment of over 500 joint ventures. These partnerships have resulted in more than $50 billion in investment projects.
A key point of emphasis was the role of Arab countries in the modernization of Uzbekistan’s energy sector, particularly in the expansion of green energy initiatives. Saudi Arabia and the UAE have signed contracts worth over $12.5 billion to support these efforts, marking a significant step toward enhancing Uzbekistan's energy infrastructure.
The discussions also touched on the situation in Afghanistan, with both sides expressing a commitment to stabilizing the region. Uzbekistan has been at the forefront of efforts to attract Arab nations to help rebuild Afghanistan's infrastructure and economy.
Moreover, the development of critical transport corridors was highlighted, such as the North-South Corridor through Iran, the Road Development project through Iraq, and the Trans-Afghan Corridor, all of which are pivotal for improving regional connectivity.
Additionally, the meeting explored the growing potential of green energy, the digital economy, and innovation. The leaders emphasized the importance of diversifying their economies and expanding mutual trade. Arab countries have shown increasing interest in importing key commodities from Central Asia, including copper, gold, iron, and steel.
Another significant topic on the agenda was the upcoming "Central Asia — Cooperation Council for the Arab States of the Persian Gulf" summit, scheduled for May 2025 in Samarkand. This summit, set to build on the previous meeting held in Jeddah two years ago, will focus on the further development of transport corridors linking Central Asia with the Arab world.
Samarkand, a historical gem and a crucial point along the ancient Silk Road, was chosen as the venue to underscore its symbolic importance in fostering regional cooperation.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from the Azerbaijan Embassy in Tehran have also returned.
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian news agencies reported.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
Bahrain’s state-owned oil company Bapco has declared force majeure after an attack set the country’s only refinery ablaze. The firm says domestic supplies remain secure, but operations are disrupted by the ongoing Middle East conflict, underscoring regional energy risks.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
An Israeli air strike and tank shelling killed six Palestinians, including two girls, in Gaza City on Sunday (8 March) in two separate attacks, local health officials say.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
After days of high-altitude competition and fierce rivalries and despite challenging conditions in Shahdag, Europe’s top athletes pushed to the summit in one final test of endurance before the competition finished.
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