• KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09168 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09168 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09168 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09168 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09168 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09168 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09168 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09168 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
05 December 2024

Viewing results 1 - 6 of 5

Mirziyoyev Calls for Independent Palestinian State with East Jerusalem as Capital

Speaking at this week's summit of the Organization of Turkic States in Bishkek, Uzbekistan's president Shavkat Mirziyoyev has once again discussed the situation in the Middle East. Mirziyoyev noted that global geopolitical processes have become increasingly complex since the start of the war in the region. The atmosphere of competition and mistrust between countries is intensifying, the hotbeds of conflict and war are increasing, and various dangers are growing. "These problems are a severe obstacle to our joint plans and big projects in trade, investment, transport, energy, agriculture, and other fields; this is the truth," Mirziyoyev said. “It is, first and foremost, about the ongoing war in the Middle East and the double standards that we see. Nothing can justify the unprecedented humanitarian tragedy in Gaza and Lebanon, the devastating attacks against civilians, especially the death of innocent children, the elderly, and women. We strongly condemn the actions aimed at restricting the activities of the United Nations Relief and Works Agency for Palestine Refugees. The only solution to this long-standing conflict is the establishment of an independent State of Palestine with East Jerusalem as its capital, based on the 1967 borders, by international regulations and resolutions,” noted Mirziyoyev. He hoped the Arab-Islamic Summit in Riyadh next week would find a clear political solution to this problem. He also highlighted the importance of Afghanistan’s stability: “When it comes to security, we believe Afghanistan should always be at the focus of our Organization. In this regard, it is crucial to establish a regular dialogue mechanism at the ministerial and expert levels. We believe that the issues of providing support to de facto authorities in addressing acute problems in Afghanistan, integrating this country into regional economic processes, and implementing social and infrastructure projects should be considered.”

Middle East Conflict Disrupts Flights with Central Asia

The growing conflict between Israel and Iran has disrupted international air travel in the Middle East, and Central Asia is grappling with cancellations and rerouted flights to and from the region. Flynas, a low-cost Saudi airline, and Qeshm Air, an Iranian carrier, have temporarily canceled flights to Uzbekistan “due to the escalation of tensions in the Middle East and the closure of part of the airspace,” the state-run Uzbekistan Airports company said on Telegram on Wednesday. The cancellations were a Flynas flight on the Jeddah-Tashkent-Jeddah route; another roundtrip Flynas flight from Jeddah to the Uzbek city of Namangan and back; and a Qeshm Air flight from Tehran to Tashkent and back to the Iranian capital, according to the Uzbek company. It advised travelers to check departure information with airline representatives. Air Astana, Kazakhstan’s national carrier, said it had decided to bypass Iran’s airspace on its flights to Dubai after analyzing the situation in the Middle East and following guidance from the national aviation authorities. “As a result, the flight routes from Astana and Almaty to Dubai will be altered, and flight time will be extended,” Air Astana said on Telegram. “Flights to Jeddah will remain unchanged but may be reconsidered if military activity in the region escalates. If necessary, the airline will implement additional changes to ensure flight safety.” Aviation authorities of Kazakhstan’s Ministry of Transport have advised domestic airlines to avoid Iranian airspace, according to Kazinform, a state-run news agency. The flight disruptions came after Iran launched hundreds of missiles at Israel on Tuesday, and Israel warned that it will respond forcefully to the attack. The confrontation threatens a broader conflict in the region as Israel is already conducting military operations against two Iran-backed groups, Hamas in Gaza and Hezbollah in Lebanon.

Uzbekistan Signs Strategic Partnership Agreement with Abu Dhabi Future Energy Company

Uzbekistan Signs Strategic Partnership Agreement with Abu Dhabi Future Energy Company Following a meeting between the President of Uzbekistan and a delegation of leading UAE enterprises led by Minister of Investment, Muhammad Hassan al-Suwaidi, an agreement on a strategic partnership with the Abu Dhabi Future Energy Company (Masdar) was signed. On December 2nd, President of Uzbekistan, Shavkat Mirziyoyev received a delegation of leading UAE companies led by the Minister of Investment and Chief Executive Officer of the ADQ holding, Muhammad Hassan al-Suwaidi. The meeting was held as part of the business program in Dubai, where the UN climate conference (COP28) took place a day earlier. The delegation also included the heads of leading Emirati companies, TAQA, Jasim Hussein Thabet, and Masdar Muhammad Jamil al-Ramahi. The parties discussed issues of supporting and promoting joint projects in trade, economic and investment cooperation. After the meeting, President Mirziyoyev presented the Chief Executive Officer of Masdar, Muhammad Jamil al-Ramahi, with a state award of Uzbekistan - the Order of Dustlik for his personal contribution to the development of Uzbek-Emirati multifaceted relations. Masdar is building several solar photovoltaic power plants in Uzbekistan. In 2023, the company began the construction of three photovoltaic power plants - Nur Jizzakh for 220 MW in the Jizzakh region, Nur Samarkand for 220 MW in the Samarkand region, and Nur Sherabad for 457 MW in the Surkhandarya region. For these projects, it attracted loans of almost $400 million.

Uzbekistan to Expand Investment in Renewable Energy

Uzbekistan to Expand Investment in Renewable Energy The Ministry of Investment, Industry and Trade and the Ministry of Energy of Uzbekistan and the Ministry of Investment of the UAE have signed a Memorandum of Understanding aimed at developing investment cooperation in priority sectors of the economy, including the production, transmission and distribution of renewable energy. The document seeks to create a solid basis for attracting investments, implementing joint research programs, and exchanging technical knowledge, skills and experience between government agencies, regulatory authorities and private sector enterprises of both countries. The forms of cooperation provided for by the agreement include the identification, exchange and assessment of projects and investment opportunities for the production of wind, solar, and hydroelectric power plants, and the construction of energy storage facilities. To ensure the effective implementation of the document, a joint plan for further activities will be developed, including specific mechanisms and responsible structures for its timely implementation.

Kazakhstan Signs Twenty Deals Worth $4.85 Billion in Dubai

On December 2nd, during his visit to the United Arab Emirates (UAE), President of Kazakhstan, Kassym-Jomart Tokayev, oversaw the signing of twenty commercial agreements. These agreements, facilitated by the Ministry of Foreign Affairs of Kazakhstan and the National Company KAZAKH INVEST, are collectively worth $4.85 billion. A landmark agreement was reached between the governments of Kazakhstan and the UAE for a $1.4 billion construction project of a 1 GW wind power station in Kazakhstan. The project will be implemented with the assistance of Masdar, a UAE-based renewable energy company. Furthermore, a Memorandum of Understanding (MoU) was signed between the Ministry of Energy of Kazakhstan, JSC Samruk-Kazyna, and the Ministry of Investments of the UAE. This MoU outlines plans for implementing low-carbon energy projects with a combined capacity of 10 GW. In addition, JSC Samruk-Kazyna and ACWA Power agreed to jointly develop a project for the construction of wind power stations with a total capacity of 1 GW and an energy storage system in the Zhetysu region in Kazakhstan. An investment agreement was also inked between the Government of Kazakhstan and French company Total Energies. This agreement pertains to the development, construction, and operation of a wind power station with a total capacity of 1 GW in the Zhambyl region of Kazakhstan. In terms of venture funding, the Qazaqstan Investment Corporation established a co-investment platform with ADQ, an Abu Dhabi-based investment and holding company, on strategic partnership for creating a joint financing mechanism for venture projects. Moreover, a joint venture agreement was signed between JSC National Company Kazakhstan, Temir Zholy, and the Abu Dhabi Ports Group. The agreement covers collaboration in five key areas: maritime transportation, maritime and dry ports, railway logistics, digitization, and trading5. Lastly, the JSC National Company KAZAKH INVEST and Emirati company Al Amana Power Solutions agreed to initiate the development of renewable energy projects with investments exceeding $100 million. Overall, these agreements underscore Kazakhstan's commitment to sustainable energy and international collaboration in pursuing green initiatives.