Monday 25 July 2016
 
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Azerbaijan

Azerbaijan's oil output edges up 0.4pc in first half

Azerbaijan produced 21.06 million tonnes of oil in January-June, 0.4 percent more than in the first half of last year and the first rise since May last year, the State Statistics Committee said on Thursday.   It

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Iran, Azeris agree on loan for rail construction work

Iran and the International Bank of Azerbaijan agreed on the generalities of issuing a $500-million loan for the construction of the Rasht-Astara railway section, said a report. The railway section, which will link Iran and Azerbai

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Iran Khodro to set up assembly line in Azerbaijan

Leading Iranian vehicle manufacturer Iran Khodro Company (IKCO) has signed a letter of understanding with an Azerbaijani company to assemble completely knocked down (CKD) vehicles in Azerbaijan, said a report. IKCO would not make

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Iran Khodro to set up assembly line in Azerbaijan

Leading Iranian vehicle manufacturer Iran Khodro Company (IKCO) has signed a letter of understanding with an Azerbaijani company to assemble completely knocked down (CKD) vehicles in Azerbaijan, said a report. IKCO would not make

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Azerbaijan concludes successful roadshows in Qatar and Kuwait

The Ministry of Culture and Tourism of Azerbaijan has concluded its historic roadshows and gala dinners in Qatar and Kuwait. The roadshows were aimed at strengthening relations between Azerbaijan and the GCC nations, developing co

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Azerbaijan offers visa on arrival for GCC nationals

Citizens of the GCC and the Far East travelling to Azerbaijan are now eligible for visa on arrival. The Republic of Azerbaijan has lifted advance visa requirement for citizens of Bahrain, Kuwait, Oman, Qatar, Saudi, Japan, Malaysi

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Iran, Azerbaijan team up for energy investment

Iran's investment company Ghadir and Azerbaijan's state oil company Socar have signed an agreement to jointly invest in oil and gas projects, a report said. "Within the next six months, we will witness major developme

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Iran’s investment in Azerbaijan hits $760m

Iran’s investments in Azerbaijan reached $760 million, a senior government official said, adding that the spend in the non-oil sector totalled $145 million. "Some 50 mutual visits have been made and more than 20 documen

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Azeri oil fund's assets drop by 6.4pc to $34.7bn

Azerbaijan's state oil fund's (Sofaz) assets fell by 6.38 per cent to $34.7 billion by October 1 from the start of the year, the fund said, hit by the drop in global oil prices.   Sofaz holds the proceeds

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Bahrain to help organize Azerbaijan’s first F1 race

Bahraini race officials will help organise Azerbaijan’s first Formula One race next year, it has been revealed. Bahraini Ambassador to the UK Shaikh Fawaz bin Mohammed Al Khalifa announced on Twitter that Bahrain was ‘deeply proud

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