Baku: Fitch Ratings International Rating Agency has released its forecast for the financial performance of the State Oil Company of Azerbaijan (SOCAR) for 2025, APA-Economics reports citing the rating agency. According to Azeri-Press News Agency, SOCAR’s total revenue in 2025 is forecast to be 45.9 billion US dollars. This represents a 9.3% decrease compared to … Read more
Baku: Despite adverse weather conditions affecting the country, Heydar Aliyev International Airport has reported no delays or cancellations in their flight schedule. The press service of Heydar Aliyev International Airport communicated this update to APA-Economics. According to Azeri-Press News Agency, flight safety measures are fully in place, allowing all flights to operate as scheduled. Passengers … Read more
Karachi: Representatives of the Azerbaijan Naval Forces are actively participating in the AMAN-25 multinational exercise and the Aman Dialogue in Karachi, Pakistan, APA reports citing the Ministry of Defense of the Republic of Azerbaijan. According to Azeri-Press News Agency, First Deputy Commander of the Naval Forces, Chief of Staff, 1st grade Captain Teymur Murshudov, represented … Read more
Madrid: Real Madrid are planning to go big for Arsenal defender William Saliba in the summer transfer window, with a report revealing what the Gunners could do in the event of a bid from Los Blancos as a top Liverpool star has been backed to move to the Santiago Bernabeu along with Trent Alexander-Arnold, Apasport … Read more
Hajigabul: An earthquake has jolted Hajigabul, Republic Seismic Survey Center told APA. According to Azeri-Press News Agency, a 3.1 magnitude earthquake has been recorded in the Hajigabul district, located 20 km north from the Shirvan Station, at 6:31 p.m. The seismic event has caught the attention of local authorities and residents in the region, though … Read more
New York: XRP price has dropped by 7.80% in the last 24 hours to reach around $2.30 on Feb. 7, mirroring declines in the broader crypto market. According to Azeri-Press News Agency, this decline is part of a consolidation move following the global market rout on Feb. 3. Nearly $152.35 million worth of XRP futures … Read more
Baku: Oil prices rise again on world markets: Oil prices rise again on world markets, APA-Economics reports. During trading operations on the ICE London Intercontinental Exchange, the price of the April 2025 Brent oil export contract increased by 0.50% or $0.37 to $74.66 per barrel. On the New York NYMEX Commodity Exchange, the price of … Read more
Baku: Azerbaijan’s national air carrier, AZAL, is launching a new campaign to make travel more accessible for passengers, Press Service of Azerbaijan Airlines CJSC told APA-Economics. According to Azeri-Press News Agency, by February 16, 2025, passengers can purchase flight tickets to all international destinations of AZAL with a 25% discount. This offer applies to flights … Read more
Baku: Transactions involving the purchase and sale of cash Russian rubles by banks in Azerbaijan witnessed a significant decline in 2024, with the total volume reaching 8 billion 376.9 million rubles. According to APA-Economics’ calculations based on data from Azerbaijan’s State Customs Committee, this figure marks a steep reduction of 2.1 times or 9.1 billion … Read more
