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Thursday, April 16, 2026
SOFAZ expands global reach with new Asia Investment Platform

SOFAZ expands global reach with new Asia Investment Platform

Azerbaijan State Oil Fund’s “Galaxy Orientis” investment platform, jointly established with China and Indonesia, is essentially the clearest example of our country’s new financial doctrine defined for the coming decades. This step is not merely an agreement signed by a group of bureaucrats or the transfer of several hundred million dollars from one account to another; it is a far-sighted strategic maneuver chosen by Azerbaijan to protect its wealth in an era when global power centers are shifting.

Nation
bp, Azerbaijan deepen energy partnership with new production plans [PHOTOS]

bp, Azerbaijan deepen energy partnership with new production plans [PHOTOS]

The parties reviewed the current status of projects being implemented under their strategic partnership in both oil and gas, as well as renewable energy sectors.

Oil & Gas
Azerbaijan plans gradual reduction of oil fund transfers to state budget

Azerbaijan plans gradual reduction of oil fund transfers to state budget

Azerbaijan plans to gradually reduce annual transfers from the State Oil Fund of the Republic of Azerbaijan to the state budget, according to the Medium-Term Budget Framework for 2027–2030 released by the Ministry of Finance of Azerbaijan, AzerNEWS reports. The document notes that in 2025, the fund’s total assets increased by...

Business
Electric vehicle imports fall in Azerbaijan

Electric vehicle imports fall in Azerbaijan

The total value of these imported electric vehicles amounted to $7.898 million.

Armenian-Azerbaijani Relations
Pashinyan hails ‘new economic era’ as TRIPP project promises to end Armenia’s isolation

Pashinyan hails ‘new economic era’ as TRIPP project promises to end Armenia’s isolation

Armenian Prime Minister Nikol Pashinyan has said that Armenia is entering a new phase of economic development, pointing to the recently established peace framework with Azerbaijan and the upcoming launch of the TRIPP connectivity project, AzerNEWS reports.

World
Israeli strikes near south Lebanon's last hospital amidst projected 'historic talks'

Israeli strikes near south Lebanon's last hospital amidst projected 'historic talks'

Israeli strikes near a south Lebanon hospital have entered a second day, Al-Jazeera reported on Thursday, stating the Israel Defense Forces are targeting the area around Tibnin's last remaining medical facility that is close to the border, AzerNEWS reports.

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

Lifestyle
Meteor shower to be visible in Azerbaijan

Meteor shower to be visible in Azerbaijan

A "π-Puppid" meteor shower will be visible in April, with its peak activity expected between April 22 and 24, AzerNEWS reports.

Culture
International Mugham Center hosts evening of satire, music and humor [PHOTOS]

International Mugham Center hosts evening of satire, music and humor [PHOTOS]

A fascinating concert program titled: Bir az da özümüzdən danışaq" (Let's Talk a Little About Ourselves) has been held at the International Mugham Center (IMC), AzerNEWS reports.

Analysis

Events
UK's Starmer rejects Trump's Hormuz blockade plan, widening rift with Washington over Iran

UK's Starmer rejects Trump's Hormuz blockade plan, widening rift with Washington over Iran

The latest escalation in rhetoric surrounding the Strait of Hormuz has once again exposed the fragility of US-led security architecture in the Gulf.

Sports
Azerbaijani wrestlers win six medals at Victory Cup

Azerbaijani wrestlers win six medals at Victory Cup

Azerbaijani wrestlers have achieved notable success at the Victory Cup held in Antalya, Turkiye, collecting six medals overall, AzerNEWS reports.

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