“Currently, the Central Bank is cooperating with the Islamic Development Bank on sukuk issuance, which serves as the basis for a legislative package in preparation. We are also developing an ‘Islamic …
Central Bank Urges Clear Guidelines For Islamic Banking In Azerbaijan
“Currently, the Central Bank is cooperating with the Islamic Development Bank on sukuk issuance, which serves as the basis for a legislative package in preparation. We are also developing an ‘Islamic …
Turkey secures $3bn to build Azerbaijan rail link
Turkey has secured $2.8 billion in green funding for a railway project which connects Nakhchivan in the southwest of Azerbaijan. The Kars-Iğdır-Aralık-Dilucu railway project is part of the country’s …
SOFAZ adapts to market trends with diversified asset strategy
In an age of financial turbulence, where even advanced economies wobble in the face of inflation and geopolitical unpredictability, Azerbaijan’s sovereign wealth management remains a beacon of …
Turkey secures 2.4 bln euro green financing for rail to Azerbaijan’s Nakhchivan
Turkey secured 2.4 billion euro ($2.80 billion) in green financing for a railway project that aims to make a direct rail connection to Azerbaijan’s Nakhchivan exclave, the state-run Anadolu Agency …
Unpacking Azerbaijan’s Controversial Energy Market Overhaul
Azerbaijan is implementing comprehensive and unpopular reforms to its domestic heating and electricity market, marked by rising tariffs and a lack of public input, despite its status as an energy …
Unpacking Azerbaijan’s Controversial Energy Market Overhaul
Azerbaijan is implementing comprehensive and unpopular reforms to its domestic heating and electricity market, marked by rising tariffs and a lack of public input, despite its status as an energy …
Baku is slipping into open support of Russia’s enemies: “Love has passed, tomatoes have wilted”
The head of the National Anti-Corruption Committee (NAC) of the Russian Federation Kirill Kabanov yesterday, on July 20, sharply criticized the policy of the Azerbaijani authorities towards Russia.
Azerbaijan boosts energy security with major upgrade to “8 November” Power Plant
The installed capacity of Azerbaijan’s “8 November” Thermal Power Plant has been raised to 1,880 megawatts following large-scale reconstruction and modernization efforts, Azernews reports, citing …
CBA initiates Basel III liquidity reforms to boost financial stability
The Central Bank of Azerbaijan (CBA) is set to begin the phased implementation of the Liquidity Coverage Ratio (LCR), a core component of the Basel III international banking standards, starting August …