Content Types: NewsletterRegions & Countries: AzerbaijanIran...Industries: All
The US has reimposed trade sanctions on Iran, barring it from buying US dollars and trading gold, metal and cars with the outside world. The rial is down to half its previous worth; prices are up by half their previous worth; and the political elites are fuming.
The International Monetary Fund (IMF) mission to Uzbekistan advised the government to raise utility prices, lest service providers end up at a loss from all the purchasing they’ve been doing. The rise might come at a cost, and authorities are advised to soften the blow for vulnerable groups. Perhaps it’s about time for public utilities to become private.
Ajlan & Brothers Group (Saudi Arabia) intends to invest $2 billion in the silk, cotton and textile industries of Uzbekistan. The Chairman of the Board, Sheikh Mohammed Abdulaziz Ajlan, also plans to build five-star hotels in Bukhara, Andijan and Tashkent.