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Wednesday, May 6, 2026
Middle Corridor boom triggers ADB’s $10 bln infrastructure push

Middle Corridor boom triggers ADB’s $10 bln infrastructure push

The Asian Development Bank's commitment to invest $10 billion across Central Asia and the South Caucasus by 2030, alongside a $70 billion push for pan-Asian power grids and digital highways, arrives at a moment when the Middle Corridor has already proven its case, and the region is trading well below its potential. The question is whether institutional capital can now accelerate what geopolitics has already started.

SOCAR becomes sole owner of EKOL Engineering Services after stake sale

SOCAR becomes sole owner of EKOL Engineering Services after stake sale

Following the announcement of the liquidation of its representative office in Azerbaijan, Lancer Services S.A. sold its stake in EKOL Engineering Services OJSC, in which it had been a shareholder.

Gold prices surge amid global uncertainty

Gold prices surge amid global uncertainty

Gold, traditionally regarded as a safe-haven asset, has experienced a complex and volatile trajectory in early 2026, shaped by competing macroeconomic forces, geopolitical risks, and liquidity dynamics, AzerNEWS reports. On the COMEX Commodity Exchange in New York, the price of one troy ounce of gold rose by...

Int'l Carpet Festival 2026 successfully concludes in Baku [PHOTOS]

Int'l Carpet Festival 2026 successfully concludes in Baku [PHOTOS]

The International Carpet Festival 2026, which took place on May 1-3, jointly organized by "Azerkhalcha" OJSC and Icherisheher State Historical-Architectural Reserve Office, with the support of the Ministry of Economy and the Azerbaijan Export and Investment Promotion Agency (AZPROMO), has successfully concluded, AzerNEWS reports.

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