Industry

Oil prices drop on world markets

Oil prices have decreased on the world markets.   On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $1.71 to trade at $83.63, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $1.66 to stand at $76.28.   Source: Azerbaijan State News Agency

Industry

OIC economic cooperation meeting begins in Istanbul

The 38th ministerial meeting of the Organization of Islamic Cooperation (OIC) in the fields of economy and commerce began in Istanbul on Saturday, according to Anadolu Agency.   The four-day meeting of the Committee for Economic and Commercial Cooperation (COMCEC) will discuss economic developments in the world, with special reference to OIC member countries and […]

Industry

European Commission never considered ban on Russian gas, says EU official

The European Commission has never considered a ban on Russian gas, the commission’s chief spokesperson said on Friday, adding that there is no change in this regard, according to Anadolu Agency.   “We have taken measures related to oil, Russian oil transported to the EU by pipelines with some minor exceptions, … but we have […]

Industry

Accessbank to place bonds on 29 November

The Baku Stock Exchange will conduct an auction on placement of $5 million worth interest-bearing, unsecured, book-entry, registered bonds with code IRIN2004004282 and maturity of 18 months on November 29.   This was reported by the BSE.   The report said that the bonds will be placed by a competitive auction method.   By the […]

Industry

Azerbaijan may launch two investment funds in next 4 years

The Azerbaijani government expects that two investment funds will start operating in the country in the next 4 years.   This was stated by Vusal Gasymly, executive director of the Centre for Analysis and Communication of Economic Reforms.   According to him, it is reflected in the Socio-Economic Development Strategy for 2022-2026. Under the document, […]