INSEAD Day 4 - 728x90

Azerbaijan

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Armenia and Azerbaijan commit to a lasting peace after decades of conflict at summit with Trump

    The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and respect each other's sovereignty and territorial integrity," Trump said at the event.
  • Trump to host Armenia, Azerbaijan for historic ‘Peace Signing’ Friday

    US President Donald Trump announced he will host the leaders of Armenia and Azerbaijan on Friday for what he called a "Historic Peace Summit" aimed at ending a decades-long conflict between two former Soviet republics.
  • World reaches $300 bn climate finance deal at COP29

    A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change and cut emissions of planet-warming greenhouse gases.
  • Wealthy nations offer $250bn on climate but pressed for more

    At the COP29 talks in Azerbaijan, developing nations are demanding a bigger commitment from historic polluters most responsible for warming, but rich countries insist that massive financial pledges are not politically realistic. In a draft text revealed hours before two weeks of fraught bargaining were set to end, Azerbaijan said...
  • UN climate chief at deadlocked COP29: ‘Cut the theatrics’

    As the UN climate talks limp into a second week in Azerbaijan, the world is no closer to a finance deal for poorer countries that will determine the success or failure of COP29. UN climate boss Simon Stiell said that "bluffing, brinkmanship and premeditated playbooks burn up precious time and...
  • COP29: Why new climate pledges need ambition, finance and action to succeed

    Major emitters must take the lead, but every nation has a role in addressing the climate crisis. Success hinges on ambitious Nationally Determined Contributions, strengthened by robust financial support and capacity-building efforts. The coming months are critical for translating commitments into impactful action, adds the author.
  • World leaders meet for climate talks, but big names missing raising concerns over global climate commitment

    The small group of developed countries that currently contributes the money wants the donor pool expanded to include other rich nations and top emitters, including China and the Gulf states, something firmly rejected by Beijing.
  • Azerbaijan embraces regenerative tourism to protect culture and nature

    The rapid, ongoing expansion of global tourism has brought with it opportunities for communities around the world to share cultures and knowledge. This growth brings new and diversified economic prospects while supporting efforts to preserve local cultures, and protect the environment. However, traditional tourism models often prioritize maximizing short-term economic...
  • Turkey, Azerbaijan hope for ‘lasting peace’ in South Caucasus

    Years of diplomacy between the Caucasus rivals Azerbaijan and Armenia had failed to reach a breakthrough, but negotiations have resumed after Baku last year won a decisive victory in seizing the breakaway region of Nagorno-Karabakh. Turkey, a close ally of Azerbaijan, backed its campaign to drive ethnic Armenian forces from...
  • Putin in Azerbaijan for state visit amid Ukraine offensive on Russian soil

    Aliyev and Putin will sign joint documents and make statements to the press, said Russian agency Ria Novosti. On Monday, Putin will also lay a wreath on the tomb of Heydar Aliyev, father of the current leader, who was president from 1993 to 2003.
  • COP29 climate hosts say they’ll keep expanding fossil fuels

    Bonn, Germany -- The incoming president of the COP29 UN climate summit in Azerbaijan told AFP on Friday that his country would keep increasing fossil fuel production "in parallel" with investments in cleaner alternatives. Mukhtar Babayev defended his country's hosting of the world's most important climate summit despite its surging natural...
  • Climate change undermines global security, says NATO chief

    Baku, Azerbaijan--NATO Secretary General Jens Stoltenberg on Sunday stressed the need to fight global warming, and called climate change a "crisis multiplier" with implications for global security. He made the remarks during a press conference in Baku along with Azerbaijani President Ilham Aliyev, whose energy-rich country is set to host the...
  • UN COP29 host Azerbaijan sees a big boom in gas production

    Despite the last COP in the United Arab Emirates ending with an unprecedented call to "transition" away from fossil fuels, an analysis by the NGO Global Witness based on data from Rystad Energy shows that the upcoming COP29 host aims to hike its gas production from 35 billion cubic meters...
  • Canada revokes ban on military exports to Turkey

    Canada will now require that Turkish importers provide assurances about the weapons' use as well as a government statement "clearly indicating whether the items will be re-exported or transferred to a non-NATO country." The move comes less than a week after Turkey's parliament ratified Sweden's membership in the NATO defense...
  • UAE and Azerbaijan presidents pledge to boost ties

    Baku, Azerbaijan-- The UAE and Azerbaijan have discussed ways to enhance cooperation in renewable energy, environmental protection, culture, education, and other areas that contribute to sustainable development. The discussion on the deepening of ties took place in a meeting between Shaikh Mohamed bin Zayed Al Nahyan, President of the United...
  • ADQ and Azerbaijan’s AIH set up joint-investment platform

    Abu Dhabi, UAE--ADQ, an Abu Dhabi-based investment and holding company, and Azerbaijan Investment Holding (AIH), a strategic sovereign wealth fund located in Baku, have announced the formation of a joint venture with the aim of investing in sectors of mutual priority and interest, such as agriculture, technology, pharmaceuticals and energy...
  • UAE to strengthen digital infrastructure in Azerbaijan

    Abu Dhabi, UAE – The UAE and Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening the digital infrastructure in Azerbaijan with a focus on the development of data centers.  The MoU was signed by Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE, and Rashad Nabiyev, Minister...
  • Azerbaijan clears key hurdle to host UN climate summit in 2024

    Dubai, UAE -- Petro-state Azerbaijan has cleared a key hurdle to host next year's UN climate summit despite the controversy over COP28 taking place in the oil-rich United Arab Emirates. Armenia said Thursday it was dropping its rival bid for COP29 as it tries to normalize relations with its neighbor after...
  • Iran to link up electricity grid with Russia via Azerbaijan

    Tehran, Iran-- Iran is linking up its electricity grids with Russia via Azerbaijan in order to make up for its power shortfall. The Islamic republic's minister of energy said the electricity grids of Iran and Russia would be connected, adding that feasibility studies for the connection via the Republic of...
  • Russia FM to visit Iran amid tensions in Middle East

    Iran and Russia have bolstered ties in many fields over the last few years and Moscow has turned to Tehran for military support and economic partnerships as both countries face a raft of Western sanctions. The West has accused Tehran of supporting Russia's offensive in Ukraine by providing it with...
  • Iran says it opposes ‘geopolitical changes’ in Caucasus

    Foreign ministry spokesman Nasser Kanani, while voicing support for Azerbaijan's reclamation of the separatist Nagorno-Karabakh region last month, said Tehran is "against making geopolitical changes in the region and this is our clear position." He was referring to the Zangezur land corridor which would connect mainland Azerbaijan to its exclave...
  • ADNEC Group launches charter flights to Europe, Central Asia to draw tourists to Abu Dhabi

    Abu Dhabi, UAE - ADNEC Group, through its tourism arm Tourism 365, has launched new charter flight services in the UAE, enhancing travel options for international tourists from multiple destinations. The new service, available from Europe and central Asia, is poised to increase visitor arrivals to the UAE, while further...
  • ADNOC to acquire stake in Absheron field

    TotalEnergies and SOCAR will hold 35% stake each in the field.
  • Iran expels four Azerbaijan diplomats in tit-for-tat move

    Tehran, Iran -- Iran has expelled four Azerbaijani diplomats, state media reported Friday, saying the move was "in response" to Baku's expulsion of Iranian embassy staff in April after months of tensions. "Four diplomats from the Ministry of Foreign Affairs of the Republic of Azerbaijan, declared personae non gratae, were...
  • Schoolgirl poisonings continue in Iran

    TEHRAN, IRAN - Dozens of schoolgirls were poisoned Saturday in several schools across Iran, local media reported, in continuation of the mysterious phenomenon that has shaken the country for months. Since late November many schools, mostly for girls, have been affected by sudden poisoning incidents from gases or toxic substances, in...
  • Masdar-built solar plant in Azerbaijan to begin operations in 2023

    In June 2022, Masdar announced the signing of several agreements with the Ministry of Energy of Azerbaijan to develop clean and renewable energy projects with a total capacity of 4,000 MW, underscoring the commitment of the two countries to climate action.
  • UAE-Azerbaijan non-oil trade up 270% in five years: Thani Al Zeyoudi

    Abu Dhabi, UAE-- The non-oil trade between the UAE and Azerbaijan has risen threefold during the past five years, said Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade. Al Zeyoudi told WAM that the non-oil trade between the two countries totaled more than AED10.2 billion over...
  • UAE-Azerbaijan trade advances significantly: Envoy

    The bilateral ties between the two countries were further strengthened after the inauguration of the UAE Embassy in the Azeri capital, Baku, in 2011, and have witnessed advancement due to the mutual keenness of their leaderships, he adds during an interview with Emirates News Agency.
  • Iran earthquake kills two, injures hundreds near border with Turkey

    Iran's deadliest recorded quake was a 7.4-magnitude tremor in 1990 that killed 40,000 people in the country's north, injured 300,000 and left half a million homeless.
  • UAE and Azerbaijan pledge to enhance ties ‘across all fields’

    Abu Dhabi, UAE-- The UAE and Azerbaijan have reviewed bilateral relations between the two countries and pledged to deepen ties across all the fields. In this connection, Sheikh Abdullah bin Zayed Al Nahyan, UAE's Minister of Foreign Affairs and Jeyhun Bayramov, Minister of Foreign Affairs of Azerbaijan, reiterated their resolve...
  • Saudi Arabia, Azerbaijan ink 6 agreements, MoU

    The agreements included the establishment of the Saudi-Azerbaijan Joint Business Council.
  • Qatar and Azerbaijan to enhance trade, energy relations

    Doha, Qatar— Qatar and Azerbaijan have decided to enhance relations in the fields of energy and trade and in this regard Qatar Chamber and the SMEs Business Development Agency of the Republic of Azerbaijan signed on Sunday a memorandum of understanding (MoU) to establish the Qatar-Azerbaijan Joint Business Council. Speaking...
  • Turkey tells Armenia to ‘cease provocations’ against Azerbaijan

    Armenian Prime Minister Nikol Pashinyan said 49 troops had died, making this the deadliest escalation since the two side fought a six-week war over Nagorno-Karabakh that claimed more than 6,500 lives. "Armenia should cease its provocations and focus on peace negotiations and cooperation with Azerbaijan," Foreign Minister Mevlut Cavusoglu tweeted...
  • European Union seeks to double gas import from Azerbaijan

    Azerbaijani President Ilham Aliyev said last week that "an important document on energy security will be signed between the European Union and Azerbaijan".
  • DEWA, Azerbaijan discuss bilateral ties, energy, business prospects

    DEWA and Azerbaijan discuss investment in oil exploration and production projects, crude oil trading and reviewed issues of mutual interest in the energy sector, including renewable, oil and gas activities, as well as long-term investment opportunities
  • Masdar of UAE to develop 4,000 MW of clean energy in Azerbaijan

    Masdar has signed an agreement with Azerbaijan to develop clean and renewable energy projects in the country with a combined capacity of 4,000 MW.
  • Turkey shows off drones at Azerbaijan air show

    Looping in the air at lightning speed, Turkish drones like those used against Russian forces in Ukraine draw cheers from the crowd at an air show in Azerbaijan. Turkey is showcasing its defence technology at the aerospace and technology festival "Teknofest" that started in Azerbaijan's capital Baku this week.
  • Dubai Chamber of Commerce reports 55% membership growth in April 2022

    The new member companies joining Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the Chamber's total membership to 300,000 companies.
  • Saudi Arabia, Azerbaijan sign MoU to boost accounting services

    The MoU aims to enhance cooperation between the two countries in the areas of financial auditing and performance control.
  • Construction of 230 MW Masdar solar plant in Azerbaijan begins

    Renewable energy company Masdar announced the formal start of construction for its 230-megawatt (MW) Garadagh Solar PV Plant in Azerbaijan, the Central Asian nation's first foreign investment-based independent solar power project. Masdar also signed agreements related to developing additional clean-energy projects across Azerbaijan. Masdar signed agreements to develop the Garadagh...
  • Saudi energy minister says OPEC+ is independent

    Prince Abdulaziz bin Salman, Saudi energy minister, has remarked that the OPEC+ group is independent and against any external interference in its decisions.
  • Raisi: Iran-Armenia cooperation will usher in security

    Raisi called for continuous communication and dialogue between the two countries at different levels.
  • Iran, Russia, Azerbaijan to connect power networks in May

    Mohammad Ali Farahnakian, advisor to Iran's energy minister for international affairs, told IRNA on Sunday that given a contract among the three countries, implementation of the power network connection project will be launched following the presentation of specialized reports by these states to Iranian engineering consultants.
  • Turkey appoints envoy to normalize ties with Armenia

    Armenia and Turkey have never established formal diplomatic ties. The two countries' relations are particularly tense over World War I-era mass killings of Armenians in the Ottoman Empire, which Yerevan says amount to a genocide.
  • ICJ orders Armenia and Azerbaijan to resolve dispute

    Tensions have simmered for years over Nagorno-Karabakh, an ethnic Armenian region of Azerbaijan that broke away from Baku's control in the early 1990s after the collapse of the Soviet Union.
  • Iran and Azerbaijan to sign business deals in energy sector

    Iran and Azerbaijan will sign agreements for cooperation in various energy sectors soon, according to Iranian Oil Minister Javad Oji.
  • Abu Dhabi Chamber discusses partnerships with Azerbaijan official

    Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries.
  • Turkey urges Armenia to mend ties with Azerbaijan

    On a visit to Azerbaijan on Tuesday, Turkey set out conditions if Baku wanted better ties with Ankara.
  • Azerbaijan, Iran agree to mend ties ‘through dialogue’

    Azerbaijan-Iran ties soured weeks ago over allegations that Israel's military was active in Azerbaijan.
  • Iran to hold war games near Azerbaijan border amid criticism from Baku

    Teheran: Iran's army is to hold maneuvers near the Azerbaijan border from Friday, state media announced, despite strong criticism from Baku. "The maneuvers scheduled to start on Friday will involve armored units as well as artillery, drones and military helicopters," the army's ground forces commander General Kioumars Heydari told the...