Monday 15 February 2016
 
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Azerbaijan

Iran’s investment in Azerbaijan hits $760m

Iran’s investments in Azerbaijan reached $760 million, a senior government official said, adding that the spend in the non-oil sector totalled $145 million. "Some 50 mutual visits have been made and more than 20 documen

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Azeri oil fund's assets drop by 6.4pc to $34.7bn

Azerbaijan's state oil fund's (Sofaz) assets fell by 6.38 per cent to $34.7 billion by October 1 from the start of the year, the fund said, hit by the drop in global oil prices.   Sofaz holds the proceeds

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Bahrain to help organize Azerbaijan’s first F1 race

Bahraini race officials will help organise Azerbaijan’s first Formula One race next year, it has been revealed. Bahraini Ambassador to the UK Shaikh Fawaz bin Mohammed Al Khalifa announced on Twitter that Bahrain was ‘deeply proud

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Azerbaijan oil output up due to BP fields, gas falls

Crude oil and condensate production in Azerbaijan rose to 14.2 million tonnes in the first four months of 2015 from 13.6 million a year earlier, a source at the State Statistics Committee said.   The source, who

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KBR to set up engineering JV in Azerbaijan

KBR, a global technology, engineering, procurement and construction company, said it has signed a joint venture agreement with the State Oil Company of Azerbaijan Republic (socar) to set up a new engineering and support services company in Azerb

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KBR to set up engineering JV in Azerbaijan

KBR, a global technology, engineering, procurement and construction company, said it has signed a joint venture agreement with the State Oil Company of Azerbaijan Republic (socar) to set up a new engineering and support services company in Azerb

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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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