UAE investments in Azerbaijan near $800M

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More from Economy

Azerbaijan's anti-crisis "safety cushion" to exceed $20 bn by end of 2009

15.10.2009 16:19 GMT

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The Central Bank of Azerbaijan has said that the country has adequate reserves to protect it against the financial crisis.

BP promises to increase Shah Deniz gas production, dropped to 17 million cu m, up to 22 million cu m

15.10.2009 16:01 GMT

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Daily gas production at Shah Deniz field (Azerbaijan sector of the Caspian Sea) being developed by the partnership headed by BP declined much because of stoppage of producing well #3.

Agreement on Azeri gas supplies to Russia can cover Shah Deniz gas as well

15.10.2009 14:55 GMT

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The State Oil Company of Azerbaijan (SOCAR) does not rule out that the agreement on Azeri gas export to Russia in 2010-15 signed in Baku yesterday between SOCAR’s president Rovnag Abdullayev and Gaszprom’s chairman of board Alexey Miller can also spread on the gas produced by country’s other gas operators.

SOCAR and Gazprom signed an agreement on Azeri gas supplies to Russia for 2010-15

15.10.2009 14:47 GMT

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State Oil Company of Azerbaijan’s president Rovnag Abdullayev and Russian gas monopoly Gaszprom’s chairman of board Alexey Miller signed an agreement on Azeri gas export to Russia in period of 2010-15.

Tourism complex Shahdagh in Azerbaijan to be repaid in 7-10 years

15.10.2009 14:32 GMT

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Abulfaz Garayev, Azerbaijan’s culture & tourism minister, says that investments in this project mean development of the whole region as 5,000 jobs will be created only for service of the future tourism town.

Azeri banks raise $600 million abroad in first three quarters of 2009

15.10.2009 14:14 GMT

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The Central Bank of Azerbaijan has reported an increasingly positive trend in raising external finance on the part of the country’s commercial banks.

“Shusha” tanker is ready to sail - PHOTOS

15.10.2009 02:00 GMT

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Ilham Aliyev at the commissioning ceremony for the “Shusha” tanker at the Baku Yacht Club.

EBRD lends €120 million to cement producer in Azerbaijan

14.10.2009 17:15 GMT

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The EBRD is promoting further diversification of the Azeri economy through the largest foreign direct investment in Azerbaijan outside the oil and gas sector to date.

International Banking Conference starts in Azerbaijan

14.10.2009 16:49 GMT

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Baku is hosting the 2nd International Banking Conference on "Improving the Stability of Financial and Banking Systems in the CIS Member States”.

HP will continue investing in Azerbaijan

14.10.2009 16:44 GMT

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The HP corporation has long-term plans in the Asiatic region, including in Azerbaijan.

First Islamic leasing company opens in Azerbaijan

13.10.2009 21:06 GMT

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Leasing company Ansar Leasing, which has announced on start of activity, the founder of which is the Islamic Corporation for the Development of the Private Sector (ICD), completes consideration of primary package of claims on financing.

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