Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov and China Eximbank Chairman Chen Huaiyu signed a $500 million loan agreement for the telecom sector on June 21.
During their meeting in Tashkent, Kudratov and Chen Huaiyu also reviewed progress on current projects and explored new areas of cooperation, including hydropower infrastructure, sustainable agriculture, and modernization of Uzbekistan’s transport network.
The newly signed $500 million telecom sector agreement will accelerate Uzbekistan’s IT development. Minister Kudratov expressed confidence that Eximbank’s continued support would bring strong results for Uzbekistan’s digital economy.
Since 2002, China Eximbank has supported 51 joint projects in Uzbekistan worth $3.2 billion, spanning infrastructure, green energy, transport, agriculture, education, and healthcare. Currently, two projects worth $1.9 billion are in progress, with another 13 projects valued at $2.2 billion under review.
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At least 11 people were killed and more than 70 others, including women and children, were kidnapped by armed men on motorbikes in Sabongarin Damri, a village in Zamfara State, northwest Nigeria, according to witnesses.
Torrential monsoon rains continue to wreak havoc across northern and eastern India, with widespread flooding reported in Uttar Pradesh and West Bengal. Overflowing rivers, submerged streets, and landslides have left residents stranded and local infrastructure overwhelmed.
Volcanoes can ground planes, bury towns, and reshape landscapes in hours. With over 850 eruptions since 2015, Earth is constantly reminding us of its raw power, but why does it erupt, and what can we expect next?
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
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.
A series of events within the Third UN Conference on Landlocked Developing Countries (LLDC3) under the theme “Driving Progress Through Partnerships” has been launched today in Turkmenistan's national resort.
Iran has lifted all remaining airspace restrictions imposed during its 12-day conflict with Israel, restoring full domestic and international flight operations.
Hamas on Saturday firmly denied that it was willing to disarm, contradicting remarks made by U.S. Special Envoy to the Middle East Steve Witkoff during his meeting with Israeli hostage families in Tel Aviv.
Around 250,000 tonnes of freight were transported via the Baku–Tbilisi–Kars (BTK) railway in the first seven months of this year. The information was disclosed to journalists by Kadir Bozan, Chairman of the Kars Chamber of Commerce and Industry.
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