Kazakhstan's Prime Minister Alikhan Smailov announced at the 16th summit of the Economic Cooperation Organization (ECO) in Tashkent that Kazakhstan plans to construct the Beyneu-Shalkar highway, connecting its western regions with Uzbekistan.
The initiative aims to finalise the establishment of the 8th TRACECA (Transport Corridor Europe-Caucasus-Asia) road corridor. Smailov emphasised the necessity of enhancing regional transport connectivity, especially given that seven out of the 10 ECO member states lack direct access to the ocean.
Kazakhstan is attempting to develop regional connectivity amid its growing role within the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, a route bypassing Russia for the purpose of conducting trade between Europe and China.
The Islamic Republic of Iran wants to widen agricultural trade and joint investment with Eurasian Economic Union (EEU) states, a deputy agriculture minister told the bloc's farm-policy council ... more
The Eurasian Development Bank (EDB) has received a first-time long-term credit rating of 'Ag' from Hong Kong-based China Chengxin Credit Ratings Company (CCXAP), with a stable ... more
OPEC+ agreed on August 2 to raise output by around 188,000 barrels per day (bpd) from September, completing the unwinding of voluntary cuts first agreed in 2023. The decision, taken at a virtual ... more