Azernews.Az

Monday, June 15, 2026
INRAIL: Türkiye’s answer to Bosphorus bottleneck that could redefine Eurasian trade

INRAIL: Türkiye’s answer to Bosphorus bottleneck that could redefine Eurasian trade

A 127-kilometre railway, half of it underground, designed to multiply Türkiye's rail freight capacity across the Bosphorus fifteenfold. INRAIL is being financed by an unusual coalition of Western, Asian, and Islamic development banks, and it sits directly across the path of the Middle Corridor's fastest-growing trade route.

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.

Chamber of Accounts: Receivables in Azerbaijan rise faster than budget spending

Chamber of Accounts: Receivables in Azerbaijan rise faster than budget spending

Receivables in Azerbaijan grew at a faster pace than state budget expenditures in 2025, increasing their share in overall budget spending, according to the Chamber of Accounts’ opinion on the draft law on the implementation of the 2025 state budget, AzerNEWS reports.

Tehran and Washington set Friday date for diplomatic MoU

Tehran and Washington set Friday date for diplomatic MoU

Following the signing of a memorandum of understanding (MoU), Tehran and Washington are set to engage in a two-month negotiation window to resolve remaining disputed issues, according to Iran’s Deputy Foreign Minister, Kazem Gharibabadi, AzerNEWS reports.

Latest See more