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Azerbaijan’s Oil Fund Closes 2024 with Nearly 8 Billion Manats in Profit

BAKU, July 21 — The State Oil Fund of Azerbaijan (SOFAZ) ended the 2024 fiscal year with a net profit of 7.86 billion manats...

Demolition Boom in Baku Drives Real Estate Surge: Prices Climb, Demand Holds

BAKU, July 21 — A large-scale demolition campaign targeting unsafe and aging buildings in Baku has triggered a dramatic surge in demand for rental...

UK’s Anglo Asian Mining Begins Copper Extraction in Karabakh

BAKU, July 21 — British mining company Anglo Asian Mining Plc. (AAM) has officially launched its first copper production in Azerbaijan’s Karabakh economic zone,...

Azerbaijani Shooter Claims Two Silver Medals at European Championships

BAKU, July 21 — Azerbaijani marksman Ruslan Lunev has clinched two silver medals at the 5th Ranno Krust Memorial and the Lapua European Cup,...

Backlash Grows as Azerbaijan’s SABAH Program Abruptly Changes Admissions Rules

BAKU, July 21 — Azerbaijan’s prestigious SABAH Groups program is facing mounting criticism after last-minute changes to its 2025/2026 admissions process left hundreds of...

Controversy Over Lawyer’s Remarks Sparks Debate on LGBTQ+ Visibility and Gender in Education

BAKU, July 21 — Azerbaijani lawyer and writer Müşfiq Abbasov has ignited a firestorm on social media following controversial comments blaming a “mass gayification...

Compensation Chaos: How the Lack of Unified Tariffs Is Driving Up Housing Prices

BAKU, July 21 — In areas targeted for renovation and redevelopment across the Azerbaijani capital, residents are increasingly divided. Some demand cash compensation for...

Oil Prices Rebound After Week-Long Slump; Brent Edges Up, Azerbaijan’s Azeri Light Steadies Above $71

BAKU, July 21 — Global oil prices inched higher on Sunday morning, recovering slightly after last week’s decline, as traders continued to weigh the...

Simonyan: Russia May Have to Use Nuclear Threat Against the West

Moscow, July 21 — Russia may be forced to invoke the threat of nuclear weapons in response to mounting pressure from Western nations, warned...

Iran and Russia to Hold Joint Naval Drills in Caspian Sea

BAKU, July 20 — Iran and Russia are set to launch joint naval exercises in the Caspian Sea on Monday, as part of the CASAREX-2025...

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