A delegation of Syrian business circles, led by Muhammad Yassin Khouri, Deputy Minister of Economy and Industry of Syria, visited Uzbekistan to discuss prospects in trade, economic, and investment cooperation, according to the Chamber of Commerce and Industry of Uzbekistan.
As part of the visit, entrepreneurs familiarized themselves with the activities of TEXNOPARK LLC and held a meeting at the Chamber of Commerce and Industry of Uzbekistan. At the enterprise, the Syrian delegation was presented with information about production capacities, completed investment projects, product assortment, and export potential.
The enterprise covers an area of 103.3 hectares. Seventeen projects worth a total of 465 million US dollars have been implemented on its territory, creating six thousand five hundred jobs, and production of more than 100 types of electrical and other industrial products has been established. Syrian entrepreneurs also inspected the production processes, modern technologies, and manufactured products.
The parties discussed opportunities to expand trade and investment interaction in the electrical industry, bringing products to new markets, and implementing joint projects. A meeting took place at the Chamber of Commerce and Industry of Uzbekistan between the Syrian delegation and representatives of state bodies and businesses, where the further development of economic and trade ties between the two countries was discussed.
Syrian entrepreneurs noted the production potential, modern technologies, and export opportunities of Uzbekistan's enterprises. According to members of the delegation, this is not the first visit of Syrian business circles to Uzbekistan. Both sides paid special attention to the preparation of the Uzbek-Syrian business forum.
This event is scheduled to include B2B meetings between entrepreneurs from both countries, as well as the identification of promising areas of cooperation and discussion of specific business proposals. Following the meeting, the parties agreed to continue working on exporting Uzbek products to the Syrian market, developing industrial partnerships, establishing new business contacts, and implementing joint projects.
The Initial Public Offering (IPO) of the National Stock Exchange of India (NSE), which is the second-largest public offering in the country, attracted 3.92 times more applications on the final trading day on Monday. The volume of this offering was 22,569 crore rupees.
This IPO is the second largest public offering in India after the Hyundai Motor India IPO in 2024, which reached 27,870 crore rupees. Although the NSE IPO exceeded the LIC offer of 21,000 crore rupees in 2022, it still falls short of the record public offering from Hyundai Motor India.
According to BSE data as of 14:35, 34.78 crore shares (34,78,26,096) were applied for the IPO against 8.86 crore shares (8,86,42,911) that were offered for sale.
Different participant categories showed varying levels of interest: Qualified Institutional Buyers (QIBs) demonstrated a subscription rate of 7.99 times, the non-institutional investor share was subscribed 5.07 times, and the retail investor quota received 1.13 times subscription.
Last Wednesday, NSE attracted 6,746 crore rupees from anchor investors, including the state insurance company Life Insurance Corporation of India (LIC), Goldman Sachs, and Fidelity. Furthermore, sovereign funds such as GIC Singapore, Abu Dhabi Investment Authority (ADIA), and Norges Bank participated in the anchor round, along with Eastspring and HSBC Global Asset Management.
The IPO includes an Offer for Sale (OFS) of up to 12.64 crore equity shares from existing shareholders. The exchange set the price band for the IPO at 1,700–1,785 rupees per share. At the upper limit, this will provide a valuation of up to 4.42 lakh crore rupees.
Since the offering is entirely an OFS, the proceeds from the sale of shares will go to the existing shareholders, not to NSE itself. NSE shares are expected to debut on the market on September 24.
This public offering marks a significant milestone for NSE, whose listing plans were suspended for almost a decade due to regulatory hurdles, including disputes related to co-location. The reduction in the size of the OFS from the initially planned 14.9 crore shares lowered the total offering volume from the initial estimate of around 30,000 crore rupees.
A representative of the Australian defense forces stated in a declaration that the Australian government pays close attention to the protection of classified and export-controlled technologies.
As reported by Politico, a batch of spare parts for the F-35 fighter was rerouted to Hong Kong after leaving Australia, raising concerns about potential Chinese access to this weapon system.
This batch included a capsule with a special coating for closing the pilot's cockpit, a technology that, according to the French agency AFP, allows for the reduction of radar signature.
Politico noted that the reason for redirecting the material to the Chinese region and who currently possesses it is unknown.
Manufacturer Lockheed Martin told the media that it cannot make statements regarding exports due to security concerns.
Australia operates 72 F-35 fighters and is one of seven countries outside the United States that jointly share a global supply of spare parts. This list also includes Canada, Denmark, Italy, the Netherlands, Norway, and the United Kingdom.
Additionally, twelve other countries have acquired the F-35 fighter, including Japan, Singapore, and South Korea.
