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Billions behind the push for higher-value food and metal exports

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Business

EBRD backs young entrepreneurs as Uzbek small firms seek credit

The financing comes as small businesses account for more than half of Uzbekistan’s GDP, but many still lack the records, collateral and support needed for loans.

Business

Lucky Strike maker BAT to axe 5,500 jobs worldwide in €695m cost drive

British American Tobacco is cutting 5,500 jobs across the globe and handing thousands more roles to outside contractors, as the cigarette giant races to strip out costs and pivot towards vapes and nicotine pouches.

Focus

Tashkent forum closes with 166 investment agreements worth €37.6bn

In partnership with Center for the Production of Content for Mass Media under the Administration of the President of the Republic of Uzbekistan

More than 10,000 participants, including delegates from 102 countries, examined market access, transport links, green power, digital exports and the policies needed to turn commitments into operating projects.

Europe News

German authorities carry out raids over alleged Russian gas sabotage

An investigation is looking into the sale of Gazprom's Berlin-based subsidiary Gazprom Germania, which took place around a month after Russia launched its full-scale invasion of Ukraine in February 2022.

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Business

The Ray-Ban heir who wants to buy out his own family from the brand

An heir to the Ray-Ban fortune has gone public with a direct appeal to his family's holding company, urging it to support his multi-billion-euro plan to buy out two of his siblings just days before a decisive shareholder vote.

Business

Global capital sees potential in Europe but urges lighter regulation

Political and business leaders and investors at the FII Institute summit in Rome call for lighter regulation and greater flexibility to draw global investment and boost Europe’s competitiveness.

Business Line

Industrial zones attract manufacturers and logistics investment

In partnership with Center for the Production of Content for Mass Media under the Administration of the President of the Republic of Uzbekistan

Industrial production in special economic zones rose 42.7% in the first nine months of 2025 in Uzbekistan. From Navoi’s logistics ambitions to expanding trade through Termez, new projects are drawing manufacturers and investors from across the region.

Myanmar

US businessman detained in Myanmar over alleged fraud

A former US Marine and ex-AmCham Myanmar president was detained at Yangon airport Thursday after the chamber uncovered $300,000 in allegedly unauthorised payments linked to former board members.

Business

OpenAI opens Madrid office as it deepens ties with Spanish companies

The company behind ChatGPT will open an office in Madrid to strengthen its European presence and work more closely with Spanish firms, developers, research centres and institutions.

Focus

UzNIF brings global investors into state-owned enterprises

In partnership with Center for the Production of Content for Mass Media under the Administration of the President of the Republic of Uzbekistan

The dual London and Tashkent listing attracted more than $2.8 billion (€2.46 billion) in demand and raised nearly $700 million. Attention is now turning to governance standards, company performance and whether the transaction can help deepen capital markets and support future public offerings.

Partner content

Dubai is training its private sector in agentic AI – here's why

Partner content presented by Dubai Chambers

Dubai bets on agentic AI, aiming to overhaul half of public services and mobilise the private sector with training, incubators and investment funds.

Business

Trump envoy tells Tokayev he has a ‘friend in the White House’ amid US minerals push

The United States and Central Asian countries are seeking to advance investment projects in critical minerals as Washington looks to diversify supply chains for materials considered essential to national security and reduce dependence on China, which dominates much of the global market.

Azerbaijan

US eyes stake in Azerbaijan pipelines after Trump-brokered peace deal

Washington wants in on Azerbaijan's pipelines and energy infrastructure, a senior US official said in Baku, as the two countries deepen economic ties following Trump's White House peace deal with Armenia.

Tech News

Spain has talent to spare; the real challenge is funding

At the Ibiza Tech Forum 2026, Pilar Carrato explains why scalability, financial discipline and successful exits are vital for Spanish start-ups, offering entrepreneurs practical guidance to turn their ideas into real success.

Business

Money transfer giant Wise faces Belgian probe over AML controls

Belgian investigators are examining whether the firm's services were used by criminal groups to launder proceeds from suspected fraud, corruption and drug trafficking.

Business

Kazakhstan targets €45bn in non-commodity exports as global export ins

Kazakhstan plans to increase non-commodity exports by more than a quarter to nearly €45 billion by 2030, as global export credit agencies and investment insurers expand their presence in the country to back major infrastructure and industrial projects.