Saturday 28 March 2015
 
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Azerbaijan

Turkey begins $10bn Azeri pipeline construction

Turkey and Azerbaijan have begun the construction on a new gas pipeline costing $10 billion which will pump gas from the Azerbaijani Shah Deniz 2 field across Anatolia to Turkish and European Union (EU) consumers.   The EU, wh

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Iran, Azerbaijan to build bridge on border

Iran and Azerbaijan have signed a pact to build a new bridge on the Astara border aiming to reduce tolls on transportation, a report said. A memorandum of understanding (MoU) on the construction project was signed Iran’s Dep

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Warba Bank arranges $150m loan for IBA

Kuwait-based Warba Bank recently arranged a $150 million Sharia-complaint syndicated finance facility for the International Bank of Azerbaijan (IBA). The facility has a tenor of one year with a bullet repayment due at maturity. Wa

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Azerbaijan bank in sharia supervisory deal with SRB

The International Bank of Azerbaijan (IBAR) has signed a sharia supervisory agreement with the Shariyah Review Bureau (SRB), a leading global sharia advisory firm, The IBAR has a history of successful sharia compliant investments in a v

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Topaz clinches $100m BP contracts

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, has won two contracts worth $100 million from BP for supply of additional vessels in Azerbaijan’s largest oil and ga

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Topaz clinches $100m BP contracts

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, has won two contracts worth $100 million from BP for supply of additional vessels in Azerbaijan’s largest oil and ga

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DI, subsidiaries take part in Baku Build

Dubai Investments, the largest investment company listed on the Dubai Financial Market, is showcasing its capabilities and that of its subsidiaries at a major construction trade exhibition currently underway in Azerbaijan. The Bak

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Russian pipeline could doom Europe's plan

Europe's grand plan for a gas pipeline from the Caspian Sea that would make its eastern states less reliant on Russia may have been fatally undermined by Russia's even bigger project. As Azerbaijan nears a decision on whic

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Gulf banks to arrange $100m loan for IBA

International Bank of Azerbaijan (IBA) has mandated JP Morgan and three top Gulf banks to arrange a $100 million syndicated loan for funding its Shariah-compliant financing activities in the country. The top Gulf banks involved in

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Infiniti opens 2 more centres in Mideast

Infiniti, the luxury automotive brand from Japan, has opened two new facilities in the Middle East in the past two weeks – the Infiniti Centre in Baku, Azerbaijan and the Infiniti Service Centre in Dubai. With this, the number of Infiniti

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