Sabiha Samar
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Sabiha Samar
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The Tashkent Stock Exchange's trading volume increased by 70.5% to UZS 5.8bn ($459,187). Notable transactions included UPAT's major M&A deal. Economic updates included the Uzum ecosystem's shift from a merger with Click, Afghan Zalal Mowafaq's $130mn beverage plant, and rising car and EV sales. The Central Bank kept the key rate at 14%, and Uzbekistan's GDP forecast was slightly lowered by the World Bank. Corporate updates featured companies opting not to pay dividends, Fitch affirming ratings, and new training and loan initiatives. 

 ELLE the world's leading media brand for women has launched its Uzbekistan edition ELLE Oʻzbekiston with a grand event at the Alisher Navoi State Academic Grand theatre. This launch follows two years of preparation and aims to support and empower women in Uzbekistan through fashion, beauty, lifestyle, and culture. The website available in Uzbek, Russian and English has already begun sharing content with the first print edition set to release in September 2024. The event highlighted ELLE Oʻzbekiston's mission to inspire and develop local talents, reflecting the brand's global influence while respecting Uzbekistan's cultural heritage.

China's economy faces challenges from geopolitical tensions, post-pandemic recovery, and structural reforms. Despite moderate growth, initiatives like the Belt and Road and Made in China 2025 are reshaping China's economic landscape. Islam Supyaldiyarov, a foreign policy analyst and senior lecturer at Suleyman Demiral University conducted a research on China's economic evolution and its implications for Central Asia. His study highlights China's transformation from an agrarian society to a global economic leader through complex reforms and strategic policies. For Central Asia China's rise presents both opportunities in trade and investment and risks related to over-dependence and geopolitical complexities.