Azerbaijan Financial News

NAM Presidency Azerbaijan, has hailed India's role in creating and sustaining NAM and has lauded India's priorities for the Global South and G20.

Jaishankar will meet Foreign Minister of Iran, HE Dr Hossein Amir-Abdollahian and hold discussions on bilateral, regional and global issues. "Political cooperation, connectivity initiatives and strong people-to-people ties will constitute important aspects of the agenda," the statement by the ministry added. Jaishankar and Amir-Abdollahian are also likely to discuss boosting regional connectivity through the Chabahar Port.

German software giant SAP will pay more than $220 million in fines to resolve U.S. bribery allegations involving payments to foreign government officials

(Reuters) -SAP, the German software company, agreed to pay about $222 million to resolve two investigations into bribery schemes in seven countries, U.S. authorities said on Wednesday.

WHO said Tuesday the world needs to properly prepare for future pandemics after finally ending three years of Covid «crisis, pain and loss,» In his end-of-year message, World Health Organization director-general Tedros Adhanom Ghebreyesus said 2023 had marked a turning point in fighting major health challenges but had also brought «immense and avoidable suffering.»

Vatican City: Pope Francis said in his Christmas message on Monday that children dying in wars, including in Gaza, are the "little Jesuses of today" and that Israeli strikes there were reaping an "appalling harvest" of innocent civilians. In his Christmas Day "Urbi et Orbi" (to the city and world) address, Francis also called the Oct. 7 attack on Israel by Hamas militants "abominable" and again appealed for the release of around 100 hostages still being held in Gaza.

By Philip Pullella

during the COP28 summit in Dubai, unblocking a geopolitical deadlock over the next global gathering to address climate change. Two sources familiar with the discussions told Reuters countries in the regional group formally backed Azerbaijan's bid in a meeting on Saturday afternoon. ALSO READ: COP28: OPEC's 'leaked letter' leaves France, Spain 'stunned' and 'disgusted' | Here's why "We're very grateful to all countries in particular to the Eastern European group and the [COP28 summit] host United Arab Emirates for their support," the country's ecology minister Mukhtar Babayev told the COP28 summit.

NEW DELHI : Jubilant Foodworks Netherlands BV, a wholly owned subsidiary of food services company Jubilant FoodWorks Ltd, is set to acquire 51.16% of DP Eurasia for €73.36 million. JFN already owns 48.84% ordinary shares of DP Eurasia, which operates as an exclusive master franchisee of the Domino’s Pizza brand in Turkey, Azerbaijan and Georgia. For funding the acquisition, JFN proposes to use a combination of an existing term loan facility availed from HSBC (which is backed by the corporate guarantee issued by the company), Jubilant FoodWorks Ltd said in a regulatory filing on Tuesday.

Iran's navy on Monday added a destroyer capable of launching cruise missiles to its Caspian Sea fleet, state media reported. The 1,400-ton Deilaman destroyer, named for a town in north of Iran, is 95 metres (312 feet) long and 11 metres (36 feet) wide and is able to launch torpedoes while travelling at 30 knots (56 kph, 35 mph), the state-owned IRNA news agency said.

An economic grouping that includes several ex-Soviet nations along with Afghanistan, Iran, Pakistan and Turkey has held a summit in Uzbekistan, and leaders of member countries have vowed to further expand trade and economic ties

Armenia has announced that it is ready to restore gas pipelines that once used to bring natural gas to the country from Azerbaijan even as threats of war still persists. «We had such an experience in the Soviet period.

India, Iran and Armenia has the potential to balance the Pakistan-Azerbaijan-Turkey axis, which has gained momentum with several engagements between Islamabad and Baku this year. The first India-Iran-Armenia trilateral aims to connect Armenia with India via Iran, ET has learnt. During a meeting in the Armenian capital Yerevan this April, the three sides discussed economic projects and regional communication channels, outlined the prospects of deepening cultural and people-to-people contacts as well as trilateral cooperation in various fields. The three countries had then decided to «continue consultations» in the format, sources recalled. The trilateral meeting also discussed the use of the International North-South Transport Corridor (INSTC) as a regional connectivity initiative. Armenia, whose ties with New Delhi are acquiring strategic dimensions, has proposed the Persian Gulf-Black Sea corridor via Iran parallel to INSTC or part of a new branch of INSTC to connect Indian traders with Russia and Europe, sources said. Given the extensive experience of Indian companies in taking part in large-scale infrastructure projects abroad and India's interest in launching the India-Europe transport corridor route via Iran and Georgia, Armenia plans to start negotiations with India to discuss the involvement of Indian funding and Indian companies into the project.

A senior Armenian official visited Delhi recently and held discussions in this regard, said people with knowledge of the matter. India has emerged as a credible weapons supplier as per Armenia's requirements, they said. Details of fresh supplies are not known yet but the consignment could include equipment that would help to create a deterrence amid the conflict-like situation with Azerbaijan, according to observers in Armenia, who did not wish to be identified. The last consignment sent by India to Armenia included Pinaka multi-barrel rocket launchers, anti-tank missiles, rockets and ammunition.

NEW DELHI : Armenia is keen to expand its defence ties with India, its deputy foreign minister Mnatsakan Safaryan said, in the aftermath of its bitter conflict with Azerbaijan. “Armenia is diversifying its defence cooperation and this is a good opportunity to further enhancing Armenian-Indian ties in this field," Safaryan told Mint. The country has appointed a defence attaché to its Embassy in New Delhi in order to scope out potential for further cooperation, he added.

By Katya Golubkova

Nikol Pashinyan skipped the CIS summit in Kyrgyzstan last week, Russia-Armenia ties are striving to remain steady as the partnership serves national interests of both countries. While there are fears that Russia-West conflict might “spread to Armenia '' in the backdrop of exodus from Nagarno-Karabah, Armenia and Ukraine are two different situations despite rising differences of opinion between Moscow and Yerevan. Armenia is a member of the Russia-led Collective Security Treaty Organization and has a bilateral defense agreement with Russia. Armenia and Russia have strategic partnership and Armenia currently hosts around 10,000 Russian troops, 5,000 of which are stationed at Gyumri's 102nd Russian military base.

IMEC) and India-Israel-USA-UAE projects, China has launched dialogue across the region seeking to align BRI with Turkiye's Middle Corridor Initiative. Turkiye had decried IMEC, which is aimed at rivaling BRI in the region and this week's BRI summit in China is expected to witness efforts to align Ankara's Middle Corridor Initiative with BRI. The two sides recently held a high-level dialogue on the issue, ET has learnt. IMEC was announced on the sidelines of the G20 summit here in the presence of leaders of the USA, Saudi Arabia, India and Europe. Trans-Caspian East-West-Middle Corridor Initiative shortly named as 'The Middle Corridor', begins in Turkiye and passes through the Caucasus region via Georgia, Azerbaijan, crosses the Caspian Sea, traverses Central Asia and reaches China, according to a Turkish foreign ministry document.

Iran on Tuesday claimed that it played no role in the attack launched by Hamas last Saturday that took Israelis by surprise but there is no denying the fact that Tehran over the years has increased its support and appeal across the Arab world that is dominated by people who profess Sunni sect of Islam. The world's biggest non-Sunni country has become a key factor in the West Asian fault lines creating its proxy groups in Lebanon and Yemen and backing Hamas to take on Israel over the last few decades. It is no secret that Tehran has exploited sentiments and presence of the Shia population in some Gulf states. While the USA and Israel have not yet directly blamed Iran for the October 7 carnage, Tehran came out openly in support of Hamas for carrying out the attacks against Israel.

Elon Musk, the founder of SpaceX, said the company could land a spacecraft on Mars three to four years from now. The suggestion was made as Musk appeared via videoconference Thursday at the International Astronautical Congress in Azerbaijan, along with other tidbits on the progress of Starship, a gargantuan rocket that SpaceX is developing.

Israel has quietly helped fuel Azerbaijan’s campaign to recapture Nagorno-Karabakh, supplying powerful weapons to the country ahead of its lightening offensive last month that brought the Armenian separatist enclave in its territory back under its control