AzerNews - News from Azerbaijan, Business, Energy, Analysis

Caspian Drilling Company Limited (CDC), in which Azerbaijan's State Oil Company (SOCAR) holds a controlling stake, recorded a net profit of $62.13 million in 2025, down 7.4% from $67.12 million a year earlier, despite improvements in revenue and operating…

Kyiv Mayor Vitali Klitschko has urged residents who have the means to do so to consider temporarily leaving the Ukrainian capital, warning that intensifying Russian attacks on critical infrastructure are pushing the city into what he described as a strugg…

Armenian Prime Minister Nikol Pashinyan has emphasized the role of the 1991 Alma-Ata Declaration in advancing the peace process between Armenia and Azerbaijan, describing the document as an important foundation for the delimitation of the two countries' s…

“I would like to express my gratitude for supporting the decision on Azerbaijan's co-chairmanship in the CIS in 2027.

The Asian Infrastructure Investment Bank (AIIB) has approved a $45 million loan to support the construction of a major seawater desalination facility in Azerbaijan, marking a significant step towards diversifying the country's water supply infrastructure.

“Azerbaijan is consistently strengthening its position as one of the region’s key transport hubs, ensuring reliable transit along the North-South and East-West international corridors,” said President Ilham Aliyev as he addressed a limited-format meeting…

The death toll from the collapse of a residential building in Istanbul’s Maltepe district has risen to five, and search-and-rescue operations at the site have been halted.

“This year, the Commonwealth of Independent States marks its thirty-fifth anniversary.

A limited-format meeting of the CIS Council of Heads of State got underway in Turkmenbashi, Turkmenistan.

Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov has emphasized the importance of maintaining price stability, managing inflation expectations and strengthening institutional credibility as global economic uncertainty and geopolitical risks…

The price of Azerbaijan’s Azeri Light crude oil on a CIF basis at Italy’s Augusta port increased by $8.04, or 6.42%, from the previous level to $133.23 per barrel.

On October 9, the President of the Republic of Azerbaijan, Ilham Aliyev, arrived at the Awaza Complex to participate in the meeting of the Council of Heads of State of the CIS held in the city of Turkmenbashi.

United States President Donald Trump bought up to $25 million in Meta Platforms Inc. stock in August, a new financial disclosure shared by CNBC on Thursday showed.

President of Azerbaijan Ilham Aliyev has shared a post on X highlighting US President Donald Trump’s role in advancing peace between Azerbaijan and Armenia and expressing hope that his efforts will be recognised in this year’s Nobel Peace Prize decision.

This week, Baku is hosting the 4th International Conference on "Strengthening Trust and Developing Effective Mechanisms and Solutions for Addressing the Issue of Missing Persons," organized by Azerbaijan’s State Commission on Prisoners of War, Hostages and

United States Secretary of State Marco Rubio said on Thursday that the war in Ukraine seems to be at a stalemate.

Archaeologists from Al-Farabi Kazakh National University have identified the remains of the ancient city of Kalzhir in Kazakhstan’s East Kazakhstan Region.

Samsung Electronics, South Korea’s technology giant, reported a remarkable surge in operating profit in the third quarter of this year.

China has updated its official list of professions to reflect the latest changes in the country’s labor market and the rapid development of emerging industries.

Greece is set to purchase approximately $4 billion worth of military equipment and defense systems from the United States under the Foreign Military Sales (FMS) program.

A video highlighting President Ilham Aliyev’s working visit to Turkmenistan was shared on his social media accounts.

TikTok conducted experiments in which thousands of users, including children and teenagers, were reportedly given non-working versions of certain safety features.

On October 8, President of the Republic of Azerbaijan Ilham Aliyev visited the CIS National Culinary Festival held in the city of Turkmenbashi.

Azerbaijan’s international standing in public financial management once again highlights one of the key strengths of the country’s economic policy.

Ukraine’s former Commander-in-Chief of the Armed Forces and Ambassador to the United Kingdom, Valerii Zaluzhnyi, has the highest trust rating among the politicians and public officials included in a new nationwide poll, with 64% of Ukrainians saying they…

Azerbaijan Railways CJSC (ADY) received 416 block trains from China in January-September 2026, marking a 40% increase compared with the same period last year.

Representatives of Azerbaijan and Armenia held a technical meeting in the Armenian city of Goris on October 8 to discuss the installation of electricity transmission lines within the framework of the TRIPP project.

A Russian strike on Kramatorsk that killed more than 30 people and injured 18 others will not go unanswered by Kyiv, Ukrainian President Volodymyr Zelenskyy said.

Azerbaijan is presenting its literary heritage and book culture at the 78th Frankfurt Book Fair, which opened in Frankfurt.

Azerbaijan’s Ambassador to Georgia Faig Guliyev has met with Mikheil Khidureli, Director General of Georgia’s Investment Agency, to discuss economic and investment cooperation between the two countries.

Azerbaijan's Economic Zones Development Agency has announced a procurement tender worth 170,000 manats ($100,000) for the preparation of design and cost-estimate documentation for new manufacturing buildings at Sumgayit Industrial Park.

Hunger is not inevitable.

Against this backdrop, Fitch Solutions revised its previous forecasts and now expects Azerbaijan to record budget surpluses in both years.

ANAMA, the Interior Ministry and the Prosecutor General’s Office once again urged citizens to comply with safety rules, carefully follow mine hazard warning signs, avoid touching suspicious objects, refrain from entering unfamiliar areas and stay away from

A resident of Latvia’s city of Rēzekne, Polina Kamlyova, has been sentenced to six years in prison by the Riga City Court for financing the Russian army, Delfi reports.

George Lucas' Lucas Museum of Narrative Art has opened in Los Angeles after 17 years of planning and setbacks.

Armenian Prime Minister Nikol Pashinyan has said he plans to discuss with Oleg Belozyorov, CEO and Chairman of the Management Board of Russian Railways (RZD), the restoration of railway sections running from Gyumri through Turkish Qarakilsə to the Turkish…

South Korea has decided to recall its ambassador to Ukraine, Park Kichang.

Azerbaijan exported goods worth $52.1 million to Turkmenistan in January-August 2026, an increase of 23%, or $9.76 million, compared with the same period last year.

Syria denied reports that it was considering joining the war in Yemen, while expressing firm support for Saudi Arabia amid claims that Damascus could send troops to assist Saudi-backed Yemeni forces in fighting the Houthis.

A 150-kilogram bronze book cover designed by Salvador Dalí has been stolen from a private art centre in central France.

Azerbaijan has ranked third among 133 countries in the Financial Stewardship category of the Chandler Good Government Index 2026 (CGGI), placing behind Singapore and Norway, according to the country's Ministry of Finance.

Armenian Defense Minister Suren Papikyan has stated that Azerbaijani serviceman Nasimi Musayev, detained near the village of Sheki in Armenia's Syunik region on October 1, is not considered a saboteur.

On October 8, President of the Republic of Azerbaijan Ilham Aliyev met with President of Turkmenistan Serdar Berdimuhamedov in Turkmenbashi.

Sahib Aliyev, head of the Azerbaijani Parliament’s working group on interparliamentary relations with Peru, and group member Gulshan Pashayeva have met with Marleni Bibiana Arminta Valencia, a member of the Chamber of Deputies of the Republic of Peru.

At a summit in Turkmenistan, a changing regional order was visible in the ports, energy routes, and digital cables drawing Central Asia closer to the South Caucasus and Europe.

Houthi attacks on King Khalid International Airport in Riyadh and Abha International Airport have left three people dead and 36 others injured.

US daily crude oil production is on the rise.

A majority of US Federal Reserve officials believe another interest rate hike by the end of 2026 could be appropriate, given that inflation has remained above the central bank’s target for an extended period.

A total of 1,860 Houthi fighters have been killed in strikes targeting the group’s positions in Yemen, according to the country’s military command.