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Wednesday, October 21, 2026
SOFAZ raises AAA holdings as it navigates global investment risks

SOFAZ raises AAA holdings as it navigates global investment risks

Azerbaijan’s State Oil Fund (SOFAZ) manages a resource that extends far beyond today’s energy market: the financial value of the country’s oil and gas wealth. Its investment decisions help connect current hydrocarbon revenues with the needs of future generations. The Fund’s latest credit-rating figures offer a perspective on how this responsibility is being carried out, with portfolio quality and financial resilience at the centre of the discussion.

ASCO passenger traffic rises 14% in Azerbaijan in January–September

ASCO passenger traffic rises 14% in Azerbaijan in January–September

Azerbaijan Caspian Shipping Company (ASCO) transported 21,939 passengers in January–September 2026, marking a 14% increase compared with the same period last year. It carried 19,289 passengers during the first nine months of 2025, highlighting continued growth in passenger transportation services. ASCO also recorded a significant increase in passenger traffic in September. The number of passengers transported during the month rose by...

Musk reportedly ordered slowdown of Starlink military service used by Ukraine

Musk reportedly ordered slowdown of Starlink military service used by Ukraine

Elon Musk ordered a slowdown of the military-grade version of SpaceX's Starlink satellite communications service used by Ukraine, potentially disrupting the country's battlefield operations, according to a report by The Wall Street Journal.

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