Russia says it struck cargo vessels, steel plants across Ukraine
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port o...
Uzbekistan is positioning itself to export goods worth up to $650 million to Iraq and Syria in 2026, while strengthening transport corridors through the Caucasus region, including enhanced ties with Azerbaijan and wider transit opportunities.
Business opportunities in Iraq and Syria are expanding, with Uzbekistan’s exported goods, especially electrical equipment and construction materials, expected to reach $500 million in Iraq and $100–150 million in Syria next year. Iraq alone imports around $93 billion worth of goods annually, making it a significant destination for expanded Uzbek shipments.
Routes through Erbil in northern Iraq serve as strategic logistics hubs that facilitate distribution not only across Iraq but also into neighbouring Syria and beyond to the Middle East. Truck deliveries to Baghdad take roughly 10 working days and cost about $3,300, while routes to Damascus are approximately 20 days at about $4,500.
Uzbekistan is also developing transport connections that link Central Asia with the South Caucasus and Middle East, including corridors involving Azerbaijan. Trade between Uzbekistan and Azerbaijan has been growing strongly, with mutual turnover exceeding $472 million in January–October 2025, about 2.4 times higher than 2024.
In late December, Uzbek and regional business delegations agreed on cooperation measures, including simplified customs procedures and participation in a trade exhibition in Baghdad in February. A Uzbekistan–Erbil business council was also established to coordinate trade and investment between the two regions.
Visits from Iraqi and Syrian business representatives to Uzbekistan are expected in early 2026, along with a proposed business forum to deepen commercial ties and facilitate B2B meetings.
Officials say that by combining export strategies with stronger transport networks through the Caucasus and improved diplomatic and logistic cooperation, Uzbekistan hopes to unlock new markets and significantly expand its presence across the Middle East and beyond.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
Twenty-five years after the September 11 attacks drew the U.S. into Afghanistan, the Taliban is seeking a new relationship with Washington built on diplomacy, investment and trade, despite deep divisions between the former enemies.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Colombian President Abelardo De La Espriella has formally ended all government peace negotiations with illegal armed groups, marking a dramatic shift in the country's security strategy and delivering on a central pledge from his election campaign.
Russian President Vladimir Putin used a series of high-level meetings ahead of the BRICS summit in New Delhi to reinforce Moscow's political and economic partnerships with countries across Africa and Asia. He also received backing from Indian Prime Minister Narendra Modi for bilateral cooperation.
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