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Sunday, June 14, 2026
Alat cargo airport signals Azerbaijan’s next economic transformation

Alat cargo airport signals Azerbaijan’s next economic transformation

The establishment of a dedicated cargo airport within the Alat Free Economic Zone (AFEZ), scheduled for operational launch next year, marks a watershed moment in Azerbaijan’s post-oil economic architecture. For decades, the conceptual framework of transforming the Caspian nation into a pivotal Eurasian logistics hub relied on incremental expansions of maritime and rail networks.

Azeri Light oil prices drop over 6% amid global market slump

Azeri Light oil prices drop over 6% amid global market slump

The price of Azerbaijan's flagship "Azeri Light" crude oil has experienced a sharp decline, dropping by $6.35, or 6.57%, to settle at $90.50 per barrel on a CIF basis at the Italian port of Augusta, AzerNEWS reports.

OTS member states hit $40 billion in mutual investments for economic integration

OTS member states hit $40 billion in mutual investments for economic integration

AzerNEWS reports that the figures were disclosed by Samad Bashirli, Azerbaijan’s Deputy Minister of Economy, during the Turkic States Competition Forum held in the historic city of Shusha. The forum brought together the heads of antitrust and competition authorities from across the OTS member nations.

China opposes US move to add Alibaba, BYD to military-linked list

China opposes US move to add Alibaba, BYD to military-linked list

China on Saturday strongly criticized the US for adding several major Chinese companies to a Pentagon list of entities designated as "Chinese military companies," warning that it would take countermeasures if Washington does not reverse the decision, AzerNEWS reports, citing Anadolu Agency.

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