tafs uz · Economy

Nilufar Karimova

Nilufar Karimova — tafs uz coverage of economy. News, key facts and context in English, Uzbek and Russian.

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Economy

Oil Rises After Reports of Iranian Attacks on Vessels in the Strait of Hormuz; European Gas at Four-Year High

Oil prices rose in morning trading on Wednesday following Reuters reports of Iran attacking two vessels in the Strait of Hormuz. Brent surpassed $107 per barrel, WTI reached $94.64. The Houthi-Saudi Arabia conflict added supply risks: an attack on an Aramco building caused a 'limited fire', and debris from intercepted rockets injured four people in Riyadh. European TTF gas futures hit a four-year high, European indices opened higher, and Asian trading was mixed.

Nilufar Karimova

14 Oct 2026 · 11:323 min read

Economy

Uzbekistan's spending on education has grown 2.1 times over five years

In 2025, public spending on education in Uzbekistan reached 84.2 trillion soums, 2.1 times more than in 2021, according to the National Statistics Committee. Spending rose steadily from 39.6 trillion soums in 2021 to 71.2 trillion in 2024, an increase of 44.6 trillion soums over five years.

Nilufar Karimova

14 Oct 2026 · 10:591 min read

Economy

Uzbekistan plans to restore 3.7 million hectares of pastures in 2027

Uzbekistan plans to restore 3.7 million hectares of pastures by 2027, with 620 thousand hectares to be covered by the end of 2026. Of the country's 21.255 million hectares of pastures, only 40% are used effectively. Plans include drilling 448 wells, repairing 1.6 thousand wells, and building 161 hydraulic structures this year plus 81 each in 2027 and 2028, restoring 969 thousand hectares. 627 thousand hectares will be leased free of charge for 49 years to 470 mahallas, and rights of actual users will be formalized on 623 thousand hectares. 15 livestock complexes for over 55 thousand head of livestock will be built in three regions.

Nilufar Karimova

14 Oct 2026 · 08:212 min read

Economy

Largest US Banks Report Q3 Profit Growth but Warn of Economic Risks

JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs increased quarterly profit year over year amid resilient consumer spending and AI investments. At the same time, JPMorgan missed analysts' expectations for the first time in nearly three years, and banks warned of risks from high rates and inflation.

Nilufar Karimova

13 Oct 2026 · 19:273 min read