Author: Berke Behcet

Jiaxin International Resources Investment Limited (Jiaxin International) has announced plans to collaborate with Kazakh Invest on a deep processing tungsten project in the Almaty Region. The news was reported by Kazakh Invest following a meeting on August 24. Liu LiQiang, Chairman of Jiaxin International, detailed the project’s two-stage plan. Initially, the company will process tungsten ore into a concentrate containing 65% tungsten. The subsequent phase will involve the production of ammonium paratungstate and further processing into tungsten carbide powder. Valued at $450 million, the investment is expected to generate over 1,000 jobs and yield an annual plant capacity of 3.3…

On August 25-26, Minister of Energy Zhurabek Mirzamakhmudov attended a meeting of officials of the energy and water management authorities of Kazakhstan, Kyrgyzstan and Uzbekistan in Astana, the Ministry of Energy of Kazakhstan said. During the event, the parties discussed the supply of electricity in the upcoming autumn-winter season, reached a number of mutual agreements, determined the volumes and terms of supply. The leaders also agreed to explore the possibility of introducing a mechanism for hourly electricity metering, to enter into contracts for settlement of unscheduled flows between economic entities, to revise the current terms of contracts for the settlement…

Export of goods and services to the USA topped $124.5 million in 2022, of which IT sector accounted for $ 79 million, or 63% of the total, said Minister of Digital Technologies Sherzod Shermatov. According to him, the real value of Uzbekistan’s IT exports to the USA is even higher. “Because there are quite many of freelancers out there whose work does not go through official,” he added. “Apart large outsourcing companies like EPAM, our fellow countrymen in the USA can also earn additional cash using the facilities created in the IT park. Therefore, our successful exporters, who are officially…

The Israeli army Wednesday arrested 20 Palestinians, including members of the Islamic Resistance Movement (Hamas) and the Palestinian Islamic Jihad in the West Bank, a Palestinian association said. In a statement sent to Xinhua, the Palestinian Prisoner’s Club Association, a non-government organization, said that Israeli army forces stormed dozens of houses in the West Bank cities of Ramallah, Jenin, Nablus and Hebron. The statement added that 20 Palestinians were arrested from their homes, including ex-Palestinian detainees and members of Hamas and the Islamic Jihad. Meanwhile, an Israeli army spokesman said in a statement that in cooperation with the interior security…

The Tashkent Metro is set to receive an additional 56 cars, equivalent to 14 trains, from the Russian manufacturer Metrovagonmash, a subsidiary of Transmashholding (TMH). The news was confirmed by Kirill Lipa, CEO of TMH, during a panel session at Innoprom Central Asia held in Tashkent. According to Lipa, the supply contract for the over 50 metro cars has already been signed and is currently being executed. He also stated that TMH has been a traditional partner of the Tashkent Metro since its inception in 1977. A press release from the Tashkent Metro confirmed that the 14 new trains would…

As of the start of academic year (from September 4), the Tashkent subway will reduce the wait time bewteen trains during peak hours, UzA said referring to the press service of the subway. Train wait time On the Chilanzar line will be reduced to 1.5 minutes, on the Uzbekistan line – down to 3-3.5 minutes, on the Yunusabad line – down to 5 minutes. The subway’s leadership said that this would be achieved through “the maximum use of available internal resources.” Also from September 4, the start time of classes at 31 universities in Tashkent, near subway stations, will also…

The city of Turkestan, Kazakhstan will host the next summit of the Turkic States Organization (TSO) on November 3, 2023. Before that, on November 2, a meeting of foreign ministers of TSO member countries will take place. Azerbaijan, Kazakhstan, Turkey, Uzbekistan and Kyrgyzstan are members of the Organization of Turkic States. Hungary, Turkmenistan and unrecognized Northern Cyprus have observer status. source

Minister of Investments, Industry and Trade Laziz Kudratov, Deputy Head of the Presidential Administration of Uzbekistan Alisherbek Paygamov (before the change in the structure of the Presidential Administration) met with the Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó and in particular discussed cooperation in the field of nuclear energy on August 19. According to Péter Szijjártó, Uzbekistan, like Hungary, considers nuclear energy as a guarantee of a safe, cheap and reliable energy supply. He added that Uzbekistan planned to build a nuclear power plant using dry cooling technology, which can be provided by Hungary. “An agreement was reached that if…

Credit ratings agency Fitch on Monday kept Israel’s credit rating at A+ with a stable outlook. The U.S.-based agency said in a report cited by Israel’s Finance Ministry that the result weighs up “a diversified, resilient, and high value-added economy and strong external finances against a relatively high government debt-GDP ratio, ongoing security risks, and a record of unstable governments that hindered policymaking.” Fitch’s best- and worst-case scenario credit ratings range from AAA to D, and A+ is three notches below the top grade. Regarding the government’s controversial judicial overhaul, the report assessed that it might adversely affect Israel’s credit…

Israel launched a nationwide plan to construct energy storage facilities in residential homes, the country’s Energy Ministry and the Planning Administration said in a joint statement on Wednesday. The plan will allow the setup of storage facilities in a wide range of locations, including homes and EV charging and gas stations to store energy generated by photovoltaic facilities. Apart from saving electricity, the setup of storage facilities nationwide will help to regulate electricity supply in high-demand areas, according to the statement. It added that energy storage helps to deal with electricity grid loads, enables electricity supply beyond generation hours, and…