Baku: As of June 30, 2025, the assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) amounted to $66.5 billion, representing a 10.8% increase compared to the beginning of the year ($60.03 billion).
According to Azeri-Press News Agency, …
Baku: The State Oil Fund of Azerbaijan (SOFAZ) recorded revenues of 8.8 billion manats in the first half of the year, while expenditures amounted to 7.3 billion manats.
According to Azeri-Press News Agency, the Fund’s gold purchases, combined with …
Baku: APA presents the article ‘Binab: The City that preserves the spirit of Azerbaijan’ by Mahammad Rahmanifar as part of the ‘Explore South Azerbaijan’ project. You can read the previous article of the project here. Binab city is located 119 kilomet…
Baku: President Ilham Aliyev has approved the ‘Memorandum of Understanding between the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan and the Ministry of Public Service and Public Service Refor…
Istanbul: The Minister of Defense of the Republic of Azerbaijan, Colonel General Zakir Hasanov, met with the Chairman Joint Chiefs of Staff Committee of the Islamic Republic of Pakistan, General Sahir Shamshad Mirza, during his visit to Trkiye for the…
Baku: As of July 1, 2025, the total investment portfolio of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) reached 66,515.2 million US dollars.
According to Azeri-Press News Agency, the investment portfolio consists primarily of US dollar…