ECONOMY

Since Azerbaijan became a member of the Islamic Development Bank in 1992, within the framework of cooperation spanning over 30 years, the Islamic Development Bank Group has provided approximately 1.8 billion US dollars in financing for key sectors of our country’s economy, including agriculture, energy, water resources, transport, and financial services. elchi reports that Minister […]

Global climate change, the limitation of water resources, and the intensification of competition in international markets necessitate more agile and far-sighted steps. This was stated by Ilham Bayramov, Deputy Chairman of the State Water Resources Agency of Azerbaijan (ADSEA), at a regional meeting in Shamkir regarding the discussion of the “State Program for the Development […]

Livestock farming is one of the main directions of the State Program. In particular, increasing milk and beef production in the cattle breeding sector, increasing the share of purebred animals in the herd, reducing dependence on imports, and increasing the level of self-sufficiency have been identified as key targets. This was stated by Deputy Minister […]

Proposal for amnesty for undocumented houses. This proposal was made by MP Kamal Jafarov during the discussion of the draft law “On the execution of the state budget of the Republic of Azerbaijan for 2025” at today’s session of the Milli Majlis. The MP stated that there are currently more than 500,000 undocumented houses in […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has slightly decreased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 2.54 dollars to 80.06 US dollars. It should be noted that the previous price of Azerbaijani oil was 80.06 US dollars. Let us recall that […]

“According to the 2026 data of the IsDB Resilience Index, unfortunately, 32 of our 57 member countries are either in a vulnerable or risky situation.” elchi reports that this was stated by Rami Mahmoud Ahmad, Vice President for Operations of the Islamic Development Bank Group, at the “Islamic Development Bank Resilience Dialogue 2026: High-Level Panel […]

Following the liberation of Karabakh, the cooperation between the Islamic Development Bank Group and Azerbaijan has expanded. elchi reports that this was stated by the President of the Islamic Development Bank Group, Muhammad Al Jasser, while speaking about the cooperation between Azerbaijan and the group at an event organized within the framework of the IsDB […]