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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One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
Energy security dominated the opening day of the 25th WPC Energy Congress in Riyadh, as Saudi Arabia warned of a serious response to recent attacks and industry leaders confronted growing threats to global oil and gas supplies.
Iran has offered to help ease escalating tensions between Saudi Arabia and Yemen's Houthis, warning that further conflict would benefit only Israel. The offer followed a phone call between the Iranian and Saudi foreign ministers.
A delegation of around 40 international travellers from 13 countries has concluded a three-day tour of Azerbaijan’s Garabagh and East Zangezur regions, exploring historic landmarks, reconstruction projects and an active mine clearance site.
One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
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