By Sabina Alizade

“I have told Mr. President (President Ilham Aliyev – ed.) about the importance of efforts to ensure peace and security in the South Caucasus and the fact that we support these efforts,” Egyptian President Abdel Fattah El-Sisi said during a press statement with President of Azerbaijan Ilham Aliyev.

Turkish Energy Minister Alparslan Bayraktar said the country’s energy company Botas plans to set up a joint venture with Gazprom as part of a plan to establish a hub in Turkey for selling natural gas.

“As far as bilateral relations are concerned, the increase of the volume of trade is, of course, a positive development. If we look at the statistics, we will see that the turnover has increased several times,” President of Azerbaijan Ilham Aliyev said during a press statement with Egyptian President Abdel Fattah El-Sisi.

Toyota Motor's market capitalization has dropped roughly 2.9 trillion yen ($18.5 billion) after a safety scandal became public this week, as investors call into question group governance, according to Nikkei, News.az reports referring to Reuters.

Azerbaijan’s external liquid assets will surpass external debt through 2027 and the net international investment position will average 68% of GDP in 2024-2027, reads a report by the international rating agency S&P Global Ratings affirming Azerbaijan’s sovereign credit ratings, News.az reports.

“Azerbaijan and Armenia have made certain progress in delineating their state borders, successfully agreeing on a section that extends nearly for 12.7 kilometers,” President of Azerbaijan Ilham Aliyev said during a press conference with Egyptian President Abdel Fattah El-Sisi.

The Israel Defense Forces said it rescued four Israeli hostages that had been held by Palestinian radicals in Gaza since October 7, 2023.

The next Balloon Festival is being held in Azerbaijan's Shamakhi on June 8–9, News.az reports.

“We agree (with Egypt - ed.) on all international affairs,” President of Azerbaijan Ilham Aliyev said during a press statement with Egyptian President Abdel Fattah El-Sisi.