Middle East & Central Asia News
LAST UPDATE: July 24, 2025
Uzbekistan delays central bank key rate decision
The Central Bank of Uzbekistan has postponed its scheduled rate-setting meeting without announcing a new date, citing pending macroeconomic data and revisions needed for its forecasts.
Insight
The delay indicates caution amid uncertain economic forecasts and external pressures. It may reflect a desire to align policy timing with updated data.
Saudi business delegation arrives in Syria eyeing $4 billion in deals
A high-level Saudi business delegation, led by Investment Minister Khalid Al-Falih, arrived in Damascus to pursue approximately $4 billion in investments, including a white cement plant. They also plan a joint business council.
Insight
This visit marks a major step in Syria’s reintegration into Middle Eastern economic frameworks and reflects Saudi Arabia’s broader strategy of regional diplomatic normalization.
Azerbaijani oil fund raises share of gold in portfolio
Azerbaijan’s sovereign oil fund SOFAZ increased gold holdings to 28.8% of its portfolio by end of Q2, a significant rise intended to diversify and hedge against market volatility.
Insight
The sharp shift toward gold indicates strategic asset allocation to reduce oil price dependency and strengthen resilience against geopolitical and market shocks.
Kazakh Black Sea oil exports halted by new Russian regulations, sources say
New Russian security rules have temporarily blocked foreign tankers from loading at Black Sea ports, halting Kazakhstan’s oil exports through CPC terminals managed partly by U.S. companies.
Insight
Export disruptions threaten Kazakhstan’s revenue and global oil supply stability. The move underscores Moscow’s leverage and support for Russia-aligned firms.
