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Huawei Launches Tech Carnival in Uzbekistan to Drive Digital Transformation

Huawei launched its Tech Carnival & Partner Summit 2025 in Tashkent, Uzbekistan, gathering over 1,500 leaders to discuss the region's digital transformation under the theme “Accelerating the Intelligent World.” Keynote speakers emphasized the importance of connectivity, computing, and cloud platforms, highlighting that every dollar invested in digital infrastructure can yield $8.3 in economic output. The event features over 50 demonstrations showcasing AI and intelligent technologies, alongside Huawei's commitment to training digital professionals through local ICT academies.
TahawulTech.com
Huawei Technologies CO. Ltd. ARM KAZ AZE MYS UZB KGZ TUR TJK Sherzod Shermatov Yang Chaobin Phillip Gan Derek Hao Show more
Technology & Innovation, Press Release
14:10 22.05.2025

cisco systems insider trading and institutional investment activity reported

Cisco Systems' executive vice president now owns 191,184 shares valued at approximately $11.6 million after a recent sale, which decreased their position by 1.07%. Over the past 90 days, insiders sold 14,635 shares, while institutional investors hold 73.33% of the stock. Analysts have raised Cisco's price target to $73.00, suggesting a potential upside of 14.74%. The company reported earnings of $0.96 per share, exceeding estimates, and announced a $15 billion share repurchase plan, indicating management's belief in the stock's undervaluation.
Defense World
Cisco Systems Inc. 401(k) Plan TLS GEO SGP BEL URY LSO AND TGO GMB SUR HUN TJK KNA MHL TZA SWE GNQ SVK CYP BHR CUB POL VUT HTI SAU EST CPV SYR GRD BLM SRB AZE GHA REU UZB KIR ESP JOR AIA PER SWZ PSE WLF LUX USA WSM BRB BRN ISR PRT STP MAC HRV PLW KGZ PHL DOM ROU TWN PRY BDI IRN MNP NOR EGY GRC PNG MYT MKD BEN TUN DMA LTU ETH DZA JPN IDN ARM VCT KAZ THA FSM MNG ZMB TUV CHE CHL ZAF PRI ISL CMR ITA KOR AGO NCL COL NLD VGB NIU TTO DEU JAM GUY MSR FIN MNE RUS LVA SVN QAT MYS ZWE MAR TON CHN ALB NGA UGA SLE IRQ AUT HKG COM MUS BHS YEM DNK ECU KWT NAM SLB SMR VAT VNM IRL NER GBR BIH OMN ARG ATG IND LBN BWA MEX LCA CZE MDG BLR AUS FRA SHN RWA MCO UKR LBY COK BRA KEN SYC COG BGR Deborah L. Stahlkopf Show more
Technology & Innovation, Market Report
09:28 17.05.2025

hsbc to cut 348 jobs in france as part of cost reduction plan

HSBC plans to cut 348 jobs in France, representing about 10% of its workforce, as part of a $1.5 billion cost-cutting strategy by CEO Georges Elhedery. The reductions will occur through a voluntary redundancy scheme and follow the sale of its French retail banking business and upcoming divestiture of its life insurance arm. This restructuring aligns with HSBC's focus on enhancing efficiency and profitability in key markets, particularly in Asia and the Middle East.
TradingView
UBS Group AG ARM DEU BHR GRC MLT CAN ARG ZAF NZL USA FRA GBR Georges Elhedery Show more
Finance & Economy, News Article
19:32 15.05.2025

hsbc to cut 348 jobs in france as part of cost reduction plan

HSBC plans to cut 348 jobs in France, representing about 10% of its workforce, as part of a $1.5 billion cost-cutting strategy by CEO Georges Elhedery aimed at enhancing efficiency. The reductions will occur through a voluntary redundancy scheme and follow the sale of its French retail banking business and the upcoming divestiture of its life insurance arm. This restructuring aligns with HSBC's focus on more profitable markets, particularly in Asia and the Middle East, while it continues to divest operations in various countries.
Zacks Investment Research
UBS Group AG ARM DEU BHR GRC MLT CAN ARG ZAF NZL USA FRA GBR Georges Elhedery Show more
Finance & Economy, News Article
02:00 15.05.2025

Azerbaijan's Central Bank faces challenges in lowering interest rates amid inflation concerns

Azerbaijan's Central Bank, along with those of Uzbekistan, Kazakhstan, and Armenia, is facing limited capacity to lower interest rates due to rising inflationary risks. Recent meetings have kept policy rates unchanged, contrary to market expectations. ING has adjusted its inflation forecasts for Azerbaijan, lowering projections for 2025 while slightly increasing the outlook for late 2026.
Apa.az
UZB ARM KAZ AZE Show more
Finance & Economy, Market Report
13:29 12.05.2025

Deutsche Bank raises Goodyear price target while maintaining buy rating

Deutsche Bank has raised its price target for Goodyear Tire & Rubber to $14 from $13 while maintaining a Buy rating. Goodyear develops, manufactures, and sells tires for various applications and operates around 950 retail outlets globally, offering products and services to both consumer and commercial customers. The company produces a wide range of tires under several brands, including Goodyear, Cooper, and Dunlop, across 53 manufacturing facilities in 20 countries.
MarketScreener
GEO AUT ISR CHE DNK CAN HUN HRV PAK TJK KGZ KWT PHL SWE ROU ITA KOR VNM SVK CYP IRL GBR NLD OMN NZL BHR POL DEU NOR EST IND GRC MEX FIN AZE CZE RUS LVA SVN LKA TUR LTU FRA AUS QAT UZB MYS BGD JPN ESP IDN ARM KAZ THA CHN BGR USA Show more
Business & Industry, Press Release
16:43 09.05.2025

economic outlook for cis-4 countries amid global uncertainty and oil price fluctuations

Global economic uncertainty is impacting portfolio flows, with the CIS-4 countries (Azerbaijan, Armenia, Kazakhstan, Uzbekistan) facing challenges from falling oil prices and inflation risks. Azerbaijan's GDP could drop by 2% over two years due to oil price declines, while Armenia benefits from higher gold prices. Uzbekistan's gold exports are rising, improving its current account, but all four countries are struggling with inflation and have maintained key interest rates despite market expectations for cuts.
Report News Agency
Armenian Dram Azerbaijani Manat Uzbekistani Soʻm Kazakhstani Tenge United States Dollar UZB ARM KAZ AZE Show more
Finance & Economy, Market Report
20:24 08.05.2025

Armenian firm Balchug Capital completes acquisition of Goldman Sachs Bank in Russia

Armenian investment firm Balchug Capital has successfully completed its acquisition of OOO Goldman Sachs Bank in Russia, a deal valued at approximately $2 billion. The bank will operate under a new name, and Balchug aims to support international investors divesting from Russia while ensuring compliance with local and international regulations. Founded in 2010 by David Amaryan, Balchug has also acquired significant commercial real estate assets, including Pulkovo Sky in St Petersburg and the Metropolis shopping center in Moscow.
Armenpress
The Goldman Sachs Group, Inc. ARM David Amaryan
Business & Industry, Press Release
08:49 25.04.2025

UAE expands global trade network with 27 comprehensive economic partnership agreements

The UAE has signed its 27th Comprehensive Economic Partnership Agreement (CEPA) with the Republic of the Congo, advancing its strategy to lower trade barriers and enhance economic diversification. With eight agreements in force and 14 pending ratification, the UAE aims to boost non-oil foreign trade to Dhs4tn by 2031, while also engaging in talks with the EU for a potential agreement. The CEPA program, launched in September 2021, is pivotal for strengthening the UAE's global trade position and attracting foreign investment.
gulfbusiness.com
Euro United States Dollar Apple Inc. CAF NZL BLR KGZ AUS CRI KHM KEN KOR ARM SRB IDN UKR IND RUS VNM JOR TUR GEO COG ISR CHL COL MUS MAR KAZ MYS ARE Show more
Business & Industry, Market Report
08:03 11.04.2025

aim congress 2025 fosters global investment innovation and collaboration in abu dhabi

The AIM Congress 2025 in Abu Dhabi, attended by over 25,000 participants from 180 countries, focused on investment-led growth, sustainable development, and technological innovation. Key discussions included the importance of addressing socio-economic challenges, fostering global partnerships, and showcasing advancements in future cities and mobility, such as the PAL-V Liberty FlyDrive vehicle. The event underscored the UAE's commitment to being a hub for global economic collaboration and innovation.
Fast Company Middle East | The future of tech, business and innovation.
United States Dollar Phoenix New Media Ltd ZIM Laboratories Limited BHR CHN IND COG ARM ARE Denis Nguesso Ebrahim Al Khalifa Vahagn Khachaturyan Günther Oettinger Rustam Minnikhanov Thani bin Ahmed Al Zeyoudi Judith Tuluka Suminwa Ahmed Aboul Gheit Show more
Business & Industry, News Article
11:29 09.04.2025
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