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Sunday, August 9, 2026
Powering Azerbaijan’s post-oil horizons: why SOFAZ’s Peruvian venture matters

Powering Azerbaijan’s post-oil horizons: why SOFAZ’s Peruvian venture matters

In the complex landscape of sovereign wealth management, true resilience is rarely achieved through passive market tracking or over-concentrated regional holdings. When the State Oil Fund of the Republic of Azerbaijan (SOFAZ) partnered with I Squared Capital and the Canada Pension Plan Investment Board (CPPIB) to acquire a major stake in Peru’s Inkia Energy, the move drew quiet interest across emerging market investment circles.

Nation
President Ilham Aliyev sends letter to Donald Trump

President Ilham Aliyev sends letter to Donald Trump

President of Azerbaijan Ilham Aliyev has sent a letter to President of the United States of America Donald Trump.

Oil & Gas
Europe's natural gas storage stuck at 57%, lowest since 2011

Europe's natural gas storage stuck at 57%, lowest since 2011

Europe's natural gas storage facilities are currently 57% full, marking the lowest level recorded for this time of year since 2011. By comparison, storage sites across the continent were approximately...

Business
Fitch upgrades Azerbaijan banks’ operating environment rating to ‘BB’

Fitch upgrades Azerbaijan banks’ operating environment rating to ‘BB’

International rating agency Fitch Ratings has upgraded its assessment of the operating environment for Azerbaijani banks to “bb” from the previous “bb-”, while maintaining a “stable” outlook, AzerNEWS reports.

Armenian-Azerbaijani Relations
Rubio puts Trump’s Armenia-Azerbaijan peace push at centre of US diplomacy

Rubio puts Trump’s Armenia-Azerbaijan peace push at centre of US diplomacy

US Secretary of State Marco Rubio has highlighted President Donald Trump’s role in advancing the Armenia-Azerbaijan peace process as the landmark Washington summit that produced a breakthrough between the two countries reaches its first anniversary.

World
Boeing 737 cargo plane runs off runway at Russia’s Norilsk Airport

Boeing 737 cargo plane runs off runway at Russia’s Norilsk Airport

A Boeing 737 cargo aircraft veered off the runway while landing at Norilsk Airport in Russia, Russian media reported.

Analysis

Lifestyle
Eight bison calves born in Shahdag National Park this year

Eight bison calves born in Shahdag National Park this year

Eight bison calves have been born this year in Shahdag National Park, marking a significant achievement in Azerbaijan's efforts to restore the population of this endangered species, AzerNEWS reports citing WWF Azerbaijan.

Culture
Azerbaijan, Vietnam explore new opportunities for film cooperation [PHOTOS]

Azerbaijan, Vietnam explore new opportunities for film cooperation [PHOTOS]

Azerbaijan and Vietnam are exploring new opportunities for cooperation in the film industry, including joint film production, professional exchanges, and the development of creative projects.

Travel
Azerbaijani pilgrims currently at Medina international airport

Azerbaijani pilgrims currently at Medina international airport
Second group of Azerbaijani pilgrims to depart for Hajj this month

Second group of Azerbaijani pilgrims to depart for Hajj this month
Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]

Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]
Albania’s impeccable hospitality and exuberant architecture

Albania’s impeccable hospitality and exuberant architecture
Experience charm of autumn season at Shahdag National Park

Experience charm of autumn season at Shahdag National Park
Georgian foreign travelers arrive in Shusha

Georgian foreign travelers arrive in Shusha

Events
Another group of families returns to Khojavand [PHOTOS]

Another group of families returns to Khojavand [PHOTOS]

In line with the instructions of President of Azerbaijan Ilham Aliyev, the Great Return process to the country’s liberated territories continues.

Sports
Azerbaijan U18 women’s basketball team defeats Estonia at European Championship

Azerbaijan U18 women’s basketball team defeats Estonia at European Championship

Azerbaijan’s U18 women’s national basketball team has secured its second victory at the European Championship Division B in Romania, AzerNEWS reports.

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