Nouman Ali

BAKU: Azerbaijan detained 52 foreigners last month for border violation, seizing contraband worth AZN 3.8 million. In October 2024, the State Border Service of Azerbaijan reported significant achievements in securing the state border and combating smuggling, illegal migration, and drug trafficking. According to Azeri-Press News Agency, the Press Center of the State Border Service revealed … Read more

BAKU: In October, representatives from the International Committee of the Red Cross (ICRC) conducted visits to Armenian detainees held in Baku, as notified by Azerbaijani authorities. The ICRC’s visits aimed to facilitate the exchange of family news for the detainees. According to Azeri-Press News Agency, the detainees were met in private settings, allowing them to … Read more

Ankara: The International Credit Rating Agency SandP Global Ratings releases forecast for Azerbaijan’s Banking Sector, APA reports. Return on assets of the banking sector of Azerbaijan (RoAA) in 2024-2026 will be 2.1%, return on equity of the sector (ROE) -16%. According to Azeri-Press News Agency, The rating agency forecasts the banking sector’s non-performing loans to … Read more

Ankara: Annual inflation in Trkiye has dropped again, APA-Economics reports citing the Turkish Statistical Institute (TSI). According to Azeri-Press News Agency, annual inflation in October of this year was 48.58%. In September, this indicator was 49.38%. In October, consumer prices increased by 2.88% compared to the previous month and by 39.77% compared to the beginning … Read more

Ankara: Oil prices have risen on world markets: APA-Economics reports. The price of a barrel of Brent crude oil on the London ICE (InterContinental Exchange Futures) has increased by $1.70, reaching $74.34. On New York’s NYMEX (New York Mercantile Exchange), the price of a barrel of Light crude oil rose by $1.84, amounting to $70.77. … Read more

NEW YORK: The price of futures quotes for natural gas at the NYMEX (New York Mercantile Exchange) has decreased, APA-Economics reports. The price of natural gas dropped by 1.63% to $2.60 per 1 million BTU (British thermal unit). According to Azeri-Press News Agency, the decline in natural gas prices may impact various sectors relying on … Read more

Astana: OPEC+ members, led by major oil producers Saudi Arabia and Russia, have agreed to extend voluntary oil output cuts through the end of 2024. This decision, announced on November 3, is aimed at supporting oil prices amid slowing global demand. According to Radio Free Europe, the group has agreed to maintain voluntary production adjustments … Read more

Astana: OPEC+ members, led by major oil producers Saudi Arabia and Russia, have agreed to extend voluntary oil output cuts through the end of 2024. This decision, announced on November 3, is aimed at supporting oil prices amid slowing global demand. According to Radio Free Europe, the group has agreed to maintain voluntary production adjustments … Read more

MOSCOW: A total of 39 fixed-wing Ukrainian drones were intercepted and shot down over various Russian regions in the past 24 hours, according to the Russian Defense Ministry. According to Azeri-Press news agency, in the early hours of October 30, on-duty air defenses intercepted and destroyed 23 Ukrainian unmanned aerial vehicles. Among these, seven were … Read more