LONDON: In a modest uptick reflecting ongoing market dynamics, oil prices saw an increase during trading sessions on major international exchanges. The price of Brent crude oil for February 2025 delivery rose by 0.23%, reaching $73.69 per barrel on the ICE London Intercontinental Exchange. Concurrently, West Texas Intermediate (WTI) oil prices for January delivery increased … Read more
BAKU: Azerbaijan is advancing its renewable energy infrastructure with the development of its first industrial-scale battery system, a move aimed at integrating approximately 2,000 megawatts of renewable energy into the national grid. Deputy Minister of Energy Elnur Soltanov announced the progress as part of broader efforts to modernize and enhance the country’s energy system. According … Read more
BAKU: The Deputy Minister of Energy of Azerbaijan, Elnur Soltanov, announced a significant decline in the cost of solar panels, with prices falling by up to 90% over the past decade. This development has made renewable energy more accessible to citizens, who can now install solar systems with capacities of up to 100 kilowatts, enabling … Read more
BAKU: Azerbaijan’s economy experienced a 4.1% growth during the first 11 months of 2024, despite a slight decline from the previous month’s growth rate, as reported by the State Statistical Committee. The country’s Gross Domestic Product (GDP) reached AZN 113.28 billion, with notable contributions from both the oil and non-oil sectors. According to Azeri-Press News … Read more
BAKU: President of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva visited the Alley of Honors to pay tribute to National Leader Heydar Aliyev, marking the 21st anniversary of his death. The visit underscores the enduring legacy of Heydar Aliyev, a pivotal figure in the establishment of modern and independent Azerbaijan. According to Azeri-Press News … Read more
BAKU: Azerbaijan and Turkey have engaged in high-level discussions aimed at enhancing military cooperation, as tensions persist in the region. Colonel General Zakir Hasanov, Azerbaijan’s Minister of Defense, hosted a delegation led by Turkish Air Force Commander, Army General Ziya Cemal Kadioglu, in Baku. The visit underscores the strategic alliance between the two nations and … Read more
DAMASCUS: In a dramatic turn of events, the Syrian civil war came to an unexpected conclusion in December 2024, as opposition forces swiftly captured major cities, including Aleppo, Homs, and Damascus, effectively ending Bashar al-Assad’s 13-year rule. The Assad regime, which had controlled Syria since 1971, collapsed with minimal resistance, leading to Assad’s flight to … Read more
BAKU: The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, announced a significant increase in freight traffic along the Middle Corridor, with plans to triple the number of block trains from China next year. This year has already seen an uptick in freight activity compared to the previous year, Rustamov told journalists, according to APA-Economics reports. … Read more
BAKU: Passenger rail service to Azerbaijan’s Balakan region is set to commence soon, as authorities finalize preparations for the new transportation link. The announcement was made by Rovshan Rustamov, Chairman of Azerbaijan Railways, who informed journalists that the launch is imminent. According to Azeri-Press News Agency, Rustamov emphasized the interest surrounding the new service, noting … Read more
