New Development Bank and Uzbekistan to Form Joint Expert Group for Strategic Projects
KAZAN: During the BRICS summit events, Uzbek President Shavkat Mirziyoyev and Dilma Rousseff, President of the New Development Bank (NDB), reached an agreement to establish a joint expert group aimed at fostering strategic cooperation projects. This i…
Azerbaijan’s President Ilham Aliyev Receives Tatarstan’s Highest Honor
KAZAN: The President of the Republic of Azerbaijan, Ilham Aliyev, has been awarded Tatarstan’s highest state honor, the Order of “Friendship.” The award was conferred during a meeting in Kazan with Rustam Minnikhanov, the Rais of the Republic of Tatar…
Azerbaijan’s Entrepreneurship Development Fund Issues Over $1.8 Billion in Preferential Loans
BAKU: The Entrepreneurship Development Fund of Azerbaijan, operating under the Ministry of Economy, has distributed preferential loans totaling over 3.2 billion manat ($1.8 billion). This announcement was made by Osman Khaliyev, Chairman of the Manage…
Saudi Crown Prince and US Secretary of State Discuss Efforts to End Conflicts in Gaza and Lebanon
RIYADH: Saudi Crown Prince Mohammed bin Salman and US Secretary of State Antony Blinken held discussions on Wednesday focusing on the military conflicts in Gaza and Lebanon, reviewing bilateral ties, and exploring ways to end the ongoing hostilities, …
Assets of Azerbaijan’s Non-Bank Credit Organizations Expected to Double by 2025
BAKU: Assets of Non-Banking Credit Organizations (NBCOs) in Azerbaijan are projected to double by the end of 2025, as announced by Khayyam Ismayilov, the Head of the Credit Institutions Supervision Department at the Central Bank of Azerbaijan. The ann…
Russia Explores Alternatives to Dollar Amid Political Tensions, Says Putin
JOHANNESBURG: Russian President Vladimir Putin stated at the BRICS Summit that Russia is not engaged in a battle against the U.S. dollar but is instead seeking alternatives due to geopolitical pressures.
According to Azeri-Press news agency, Putin e…
Azerbaijan’s Central Bank Set to Regulate Remote Lending
BAKU: The Central Bank of Azerbaijan (CBA) has announced plans to regulate remote lending, with a focus on safeguarding consumer rights and preventing overindebtedness. Khayyam Ismayilov, head of the Credit Institutions Supervision Department at the C…
President of Azerbaijan Engages in Strategic Talks with Sberbank Chairman in Kazan
KAZAN: President of Azerbaijan Ilham Aliyev met with Herman Gref, the President and Chairman of the Board of Sberbank, in Kazan. The meeting took place on October 23, marking a significant engagement between Azerbaijan and one of Russia’s largest fina…