Finance
Finance
Islamic Finance in Central Asia Poised for Growth Outlook
Central Asia’s Islamic finance sector is set for gradual growth, led by Kazakhstan, Uzbekistan reforms, and expanding banking systems despite structural challenges.
ADB to Finance US$12 Billion Uzbekistan Development Plan
The Asian Development Bank signed a US$12 billion program with Uzbekistan to fund 78 projects, including green energy, infrastructure upgrades, …
Uzbekistan Revokes License of GLOBAL INSURANCE GROUP
Uzbekistan’s National Agency for Prospective Projects has revoked the insurance license of GLOBAL INSURANCE GROUP, effective May 9, 2026, while …
Asakabank Presents US$56 Million Projects in Hong Kong
Uzbekistan’s Asakabank showcased US$56 million in tourism investment projects in Hong Kong and signed a cooperation deal with a Chinese …
ABB to Acquire Majority Stake in Uzbekistan’s Davr Bank
International Bank of Azerbaijan plans to acquire a 51% stake in Uzbekistan’s Davr Bank in a deal expected to exceed …
Uzbek Soum Weakens to 12,050 Against US Dollar
The Uzbek soum fell 0.67% against the U.S. dollar to 12,050 as Uzbekistan’s central bank kept interest rates unchanged at …
Uzbekistan’s Gold and Forex Reserves Reach US$70.8 Billion
Uzbekistan’s international reserves rose to US$70.8 billion as of 1 May, driven by higher gold valuation and increased foreign currency …
Khalq Bank and Mastercard Launch AI Credit Scoring Project
Uzbekistan’s Khalq Bank and Mastercard signed a strategic agreement to introduce AI-based credit scoring and next-generation payment cards.
Foreign IT Companies Pay US$5.1M Taxes in Uzbekistan
Foreign digital service providers paid 65.7 billion soums in Uzbekistan in Q1 2026, with Apple, Google, and Meta among the …
Uzbekistan Studies South Korea Digital Tax System
Uzbekistan’s Tax Committee delegation in Jeju explored South Korea’s digital tax platforms NTIS and Hometax to assess best practices in …