The UAE is currently the leading Arab investor in Azerbaijan, with total investments exceeding $1bn, making the CEPA more relevant …
Azerbaijan: a country steeped in hydrocarbons – Digital Journal
Business Azerbaijan: a country steeped in hydrocarbons. Hydrocarbons represent 90 percent of the country’s exports, half of state income and a third of gross domestic product.
Azerbaijan is the host of the UN’s climate conference … – Newsday
Business Azerbaijan is the host of the UN’s climate conference, shining a spotlight on the petrostate. A pumpjack operates at a drilling site in Baku, Azerbaijan, Monday, Sept. 16, 2024.
Azerbaijan’s SOCAR inks oil exploration deals with ExxonMobil … – MSN
The project, estimated to cost $200m (£147.95m), is a collaboration between bp’s solar unit, Lightsource BP, SOCAR, and the Azerbaijan Business Development Fund, with completion targeted for mid …
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 …
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 …