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Wednesday, July 29, 2026
Moody's upbeat on Azerbaijan's oil wealth as diversification gains momentum

Moody's upbeat on Azerbaijan's oil wealth as diversification gains momentum

A periodic review that changes nothing on the surface carries a pointed message underneath: Azerbaijan's financial fortress is formidable, but the economy it is protecting needs to grow faster than oil is declining

Nation
One year after Washington breakthrough - Why peace still out of reach?

One year after Washington breakthrough - Why peace still out of reach?

In just a few days, it will be one year since Azerbaijani President Ilham Aliyev, Armenian Prime Minister Nikol Pashinyan, and U.S. President Donald Trump signed the Washington Joint Declaration, a landmark document intended to lay the foundation for a lasting peace between Armenia and Azerbaijan. The declaration was widely regarded as a historic diplomatic breakthrough, raising hopes that decades of conflict in the South Caucasus could finally give way to a new era of regional stability and cooperation.

Oil & Gas
Azeri Light oil price slips below $92 per barrel

Azeri Light oil price slips below $92 per barrel

Azerbaijan’s Azeri Light crude oil price at Italy’s Augusta port on a CIF basis fell by 5.66%

Business
Azerbaijan, South Korea deepen cooperation on digital finance [PHOTOS]

Azerbaijan, South Korea deepen cooperation on digital finance [PHOTOS]

The Azerbaijani Ministry of Finance and the Korea Fiscal Information Service (KFIS) are strengthening cooperation on the digital transformation of public financial management.

Armenian-Azerbaijani Relations
Baku appeals court continues hearings on appeals by Armenian defendants [PHOTOS]

Baku appeals court continues hearings on appeals by Armenian defendants [PHOTOS]

At the court session, presided over by Judge Elmar Rahimov of the Baku Court of Appeal, joined by Judges Emin Mehdiyev and Mehriban Garayeva (Reserve Judge Ali Mammadov also participated), all individuals subject to appellate proceedings were provided with interpreters in their respective spoken languages—Armenian and Russian—as well as defense counsel to ensure their right to a defense.

World
Ukraine downs 65 Russian drones overnight

Ukraine downs 65 Russian drones overnight

Ukraine's Air Force shared in its latest social media update on Wednesday that the Russian military launched a total of 80 attack drones "and loitering munitions overnight, including Shahed, Gerbera, Italmas, Banderol, and decoy drones", AzerNEWS reports.

Analysis

Lifestyle
Fifth National Highland Festival opens its doors to visitors in Goygol [PHOTOS]

Fifth National Highland Festival opens its doors to visitors in Goygol [PHOTOS]

The opening ceremony of the 5th National Highland Festival has taken place at the Khan Yurdu Ethno-Village, located in Yeni Zod village, Goygol district, AzerNEWS reports.

Culture
Azerbaijan assesses IT specialists working in public libraries

Azerbaijan assesses IT specialists working in public libraries

Azerbaijan's Culture Ministry has completed the attestation process for a group of IT specialists employed across the country's public library network, as part of broader efforts to modernize library services and strengthen digital capacity, AzerNEWS reports citing Azertag.

Travel
Azerbaijani pilgrims currently at Medina international airport

Azerbaijani pilgrims currently at Medina international airport
Second group of Azerbaijani pilgrims to depart for Hajj this month

Second group of Azerbaijani pilgrims to depart for Hajj this month
Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]

Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]
Albania’s impeccable hospitality and exuberant architecture

Albania’s impeccable hospitality and exuberant architecture
Experience charm of autumn season at Shahdag National Park

Experience charm of autumn season at Shahdag National Park
Georgian foreign travelers arrive in Shusha

Georgian foreign travelers arrive in Shusha

Events
Azerbaijan neutralises nearly 1,000 mines and UXOs in a week

Azerbaijan neutralises nearly 1,000 mines and UXOs in a week

The Azerbaijan Mine Action Agency (ANAMA) has released information on demining operations carried out by organisations involved in mine clearance activities in the territories liberated from occupation between July 20 and 26, AzerNEWS reports.

Sports
NOC Vice-President praises Azerbaijan's role in hosting major events

NOC Vice-President praises Azerbaijan's role in hosting major events

Azerbaijan's experience in hosting major international sporting events continues with the U-17 World Wrestling Championships in Baku, where future wrestling stars are competing on a global stage, AzerNEWS reports.

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