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Central Asia's startup ecosystem is thriving, with Kazakhstan leading in venture investments, attracting $71m in 2024, primarily from foreign investors. Uzbekistan saw a remarkable 2.7-fold increase in investments to $17.5m, while Kyrgyzstan and Tajikistan also reported growth in their respective markets. Key sectors driving this momentum include artificial intelligence, fintech, and educational technologies, indicating a robust potential for future development and global integration.
VEON Ltd, a UAE-based digital operator, has signed a solar power deal with Huawei in Pakistan. The company provides a range of mobile and fixed-line telecommunications services, including voice, data, and internet, under various brands such as Jazz and Beeline, across multiple countries.
The Aurora Tech Award has announced its 2025 finalists, celebrating outstanding female founders from emerging markets who are innovating in technology. This year's shortlist includes entrepreneurs from MENA, LATAM, Central Asia, and APAC, with startups focusing on sectors like AI, fintech, and healthtech. The award, established by inDrive, aims to support women-led tech ventures that create significant social impact, with the winner to be revealed at an event in Cairo on April 12, 2025.
Huawei Cloud Stack is rapidly advancing the hybrid cloud market with its comprehensive suite of AI-powered tools and over 10 prebuilt large AI models tailored for various sectors. The platform emphasizes security and scalability, featuring multi-layered ransomware protection and dynamic partitioning for seamless infrastructure upgrades. With a strong global presence and localized solutions, Huawei Cloud Stack is positioned as a key player in digital transformation, particularly in highly regulated industries.
In 2025, several altcoins are poised for exponential returns, including Qubetics, EOS, Astra, Theta, HNT, Bittensor, and Arbitrum. Each project addresses unique challenges, from decentralized VPNs and AI integration to enhanced blockchain scalability and video streaming solutions, attracting significant market interest. These innovations position them as key players in the evolving cryptocurrency landscape.
Alisher Usmanov, a Russian oligarch under multiple sanctions, is suing UBS in Germany for violating banking secrecy and making false allegations regarding his assets. He claims the bank improperly reported suspicious transactions, leading to unwarranted investigations and media scrutiny. Usmanov seeks at least 2 million euros in damages, asserting that UBS's actions have unjustly tarnished his reputation.
Alisher Usmanov, the sanctioned Russian billionaire, has been re-elected as president of the International Fencing Federation, a position he left in March 2022 due to sanctions following Russia's invasion of Ukraine. In a recent vote in Tashkent, Usmanov secured 120 votes against 26 for his opponent, Jan Sten Otto Drakenberg. Despite his return, Usmanov faces restrictions that prevent him from working at the FIE's Swiss headquarters or attending many international events, including the 2028 Summer Olympics.
Lombard Odier faces serious money laundering charges from the Swiss Attorney General, echoing the Credit Suisse scandal. The allegations stem from connections to Gulnara Karimova, daughter of Uzbekistan's former president, whose criminal organization funneled billions into the bank through a Russian consultant. Despite the charges, Lombard Odier claims the allegations are unfounded and plans to defend itself vigorously.
The Zurich Administrative Court has overturned minimum wage regulations in Zurich and Winterthur, siding with trade associations against voter-supported rules. A study reveals significant income inequality across Swiss cantons, with the wealthiest holding an increasing share. Meanwhile, Lombard Odier faces money laundering charges linked to the daughter of a former Uzbek president, and Trump's envoy for Ukraine advocates for increased arms support while proposing peace negotiations.
Lombard Odier, a historic Swiss private bank, has been indicted for aggravated money laundering by Swiss prosecutors, alongside a former employee. The charges relate to allegations of concealing proceeds from a criminal organization linked to Gulnara Karimova, daughter of Uzbekistan's late president. The bank, under investigation since 2016, denies the allegations and plans to defend itself vigorously, asserting that it proactively reported suspicions to authorities.
UZB
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
central asia startups thrive in uae with 96 million in venture investments
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lombard odier indicted for aggravated money laundering in swiss court
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