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News about investments: events, facts and developments on tafs uz.

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World

IMAN Holding refutes claim of a $20 million 'financial hole' and announces reforms

Mahmud Usmon, presented as a former partner and chairman of the Islamic finance council of IMAN Holding, alleged violations in the use of investors' funds and a shortfall of about $20 million. The company explained this figure as a combination of three different indicators and announced reforms: a change in operational management, the creation of a Sharia Council, and the engagement of independent auditors.

Aziz Karimov
3 min read
Uzbekistan

Islamic Finance Consultative Board severs ties with IMAN Invest: the company rejects the accusations

The IFCB announced the complete termination of cooperation with IMAN Invest, citing violations in the handling of investors' funds and a shortfall of several million dollars. The company's founder Rustam Rakhmatov rejected the accusations, linking them to a personal conflict over payouts and an equity stake. The parties are publishing documents and preparing independent audits. IFCB announced a complete termination of cooperation with IMAN Invest, citing violations in the handling of investor funds and a shortfall of several million dollars. The company's founder Rustam Rakhmatov rejected the accusations, linking them to a personal conflict over payments and a share in the company. The parties are publishing documents and preparing independent audits.

Aziz Karimov
6 min read
Politics

Abu Dhabi Crown Prince Concludes Official Visit to Greece with Meeting of Emirati Military Cadets

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, met with Emirati military students studying at the Technical Training and Qualification Centre during his official visit to Greece. The centre's programs are part of the military cooperation between the two countries. Earlier in the visit, major deals were agreed upon, and plans to invest an additional €15 billion in Greece were announced.

Aziz Karimov
3 min read
Technology

AI agents are moving into SMS: a review of services you can control through messaging

TechCrunch published a review of the growing market of AI agents that work right inside text messages — from general-purpose assistants Instinct and Poke to family services Fambot and Ollie. The leader by valuation remains Instinct with a $10 billion valuation after a $1 billion round. TechCrunch published an overview of the growing market for AI agents that work right inside text messages — from universal assistants Instinct and Poke to family services Fambot and Ollie. Instinct remains the leader by valuation, with a $10 billion valuation after a $1 billion round.

Otabek Yusupov
5 min read
Economy

President Orders Support for Sulton Tex Group: From Court Disputes to New Investments of $87 Million

On October 21, Shavkat Mirziyoyev visited the Sulton Tex Group factory in the Kashkadarya SEZ and instructed the National Bank to work out financing for the expansion of the textile cluster, which employs about 8,000 people. The company plans to increase the number of jobs to 30,000 and exports to $150 million. New projects worth $87 million were also presented, along with the history of the company's court conflict with the authorities.

Javlon Tursunov
5 min read
Economy

Elon Musk invested about $1 billion in Skydance — Semafor

According to Semafor, Elon Musk invested approximately $1 billion in the media company Skydance. This came a few weeks after Paramount completed its $110 billion acquisition of Warner Bros. Discovery. The investment coincided in timing with contributions from other shareholders, including Laurene Powell Jobs.

Javlon Tursunov
2 min read
Economy

Crown Prince of Abu Dhabi Visits Athens: UAE Announce Plans to Invest Another €15 Billion in Greece

During a working visit by Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed to Greece, the two sides agreed to expand their joint investment initiative. Another €15 billion will be added to the existing €4 billion programme launched in May 2022. Talks with Greek Prime Minister Kyriakos Mitsotakis covered energy, infrastructure, healthcare and technology.

Sevara Azamova
2 min read
World

Sheikh Tahnoon discusses technology and investment partnerships with David Fialkow

Deputy Ruler of Abu Dhabi and National Security Adviser Sheikh Tahnoon bin Zayed held talks with General Catalyst venture firm co-founder David Fialkow. The parties discussed technology development, its impact on investment trends and opportunities for cooperation. Shortly before the meeting, Otter announced raising $320 million from General Catalyst's Customer Value Fund.

Sevara Azamova
2 min read
Economy

69 projects launched and construction of 92 facilities worth over $6 billion started in Kashkadarya region

President of Uzbekistan Shavkat Mirziyoyev, during his visit to Kashkadarya region, took part in a ceremony launching 161 projects with a total value of more than $6 billion: 69 facilities have been put into operation, and construction of 92 has begun. The projects include Cotonella textile production, fruit and vegetable processing with exports for Nestlé and Purina, hydroelectric power plants, a waste-to-energy plant, gold mining with Azerbaijan, and a tourist complex with Russian investors.

Sevara Azamova
3 min read
Economy

Amazon announces plans to invest €16 billion in Germany in 2027

At the Invest in Germany Summit in Berlin, Amazon announced plans to invest €16 billion ($18 billion) in Germany in 2027. The funds will go toward expanding cloud and AI infrastructure, logistics, Amazon Leo satellite communications, and Prime Video content. Since 2010, the company has already invested more than €100 billion in the country.

Javlon Tursunov
1 min read
World

Saida Mirziyoyeva: agreements with the US need to be turned into investments and new jobs

A meeting of the US-Uzbekistan Business and Investment Council was held with the participation of President Shavkat Mirziyoyev and US Secretary of State Marco Rubio. Saida Mirziyoyeva said that representatives of more than a hundred companies took part in it and stated that the main task is to turn the agreements reached into investments, modern enterprises and new jobs.

Otabek Yusupov
1 min read
Economy

Roche suspends investments in Germany over drug pricing reform

Swiss pharmaceutical giant Roche announced a freeze on all future investment decisions in Germany. Head of Roche Germany Daniel Steiner linked the move to government policies that have undermined the industry's trust. The criticism came on the opening day of the government's investment summit in Berlin.

Dilnoza Rahimova
2 min read
World

Merz confirmed the German government's reform course and called on investors to take part in modernization

German Chancellor Friedrich Merz said at the Invest in Germany summit that the country has begun the largest modernization in its recent history: investments in infrastructure, green energy and defense. According to him, more than 500 billion euros will be allocated to strengthening defense capability by the end of the decade. At the same time, according to a ZDF poll from October 8, 59% of Germans consider the coalition's social reforms mistaken.

Otabek Yusupov
2 min read