Economy
Azeri Light oil price drops to $93.97 per barrel
The price of Azerbaijan's Azeri Light crude fell by 1.6% to $93.97 per barrel, while Brent traded at $92.73.
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Manat Exchange Rates to World Currencies for August 14
CBA published official exchange rates for August 14: the dollar remained at 1.7 manats, the euro rose to 1.9615 manats.
Trump Imposes 100% Tariffs on Large Drone Imports
U.S. President Donald Trump signed a proclamation imposing tariffs on imported drones and their components, citing national security concerns.
Azerbaijan Registers Four Foreign Digital Companies for Tax Purposes
Azerbaijan's State Tax Service has registered Xsolla, Valve, Formula One Digital Media, and Cleverbridge for VAT payment as part of digital services tax reform.
Oil Prices Mixed: Brent Dips, WTI Rises
Brent crude edged down to $87.05, while WTI rose to $81.32 during trading.
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Oil Prices Mixed: Brent Dips, WTI Rises
Brent crude edged down to $87.05, while WTI rose to $81.32 during trading.
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Number of Social Benefit and Pension Recipients Reaches 876,100 in July
In July 2026, the number of recipients of monthly social benefits and pensions in Azerbaijan reached 876,100 people, according to the State Social Protection Fund.
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Pakistan sees potential for expanding cooperation with Azerbaijan and Kazakhstan
Special assistant to Pakistan's PM cites opportunities for growth in tourism, trade, and cultural exchanges.
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ADB Seeks Consultants for Electrification of Baladjary–Yalama Railway
The Asian Development Bank has launched a tender for consultants to manage the electrification and modernization of signaling and telecommunications systems on the Baladjary–Yalama railway line in Azerbaijan. The contract is valued at $2.088 million and spans 54 months.
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ADNOC Vessels Attacked in Strait of Hormuz
Two vessels of UAE's ADNOC were attacked in the Strait of Hormuz; no casualties reported.
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Trump signs memorandum on building shipyard for US Navy
US President Donald Trump signed a memorandum aimed at boosting shipbuilding and repair for the Navy, including the construction of a fifth shipyard.
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Pskov Airport Imposes Temporary Flight Restrictions
Rosaviatsia has announced temporary restrictions on the acceptance and departure of aircraft at Pskov Airport.
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India Prepares Construction of Two New Strategic Oil Reserve Facilities
Indian ISPRL has prepared feasibility studies for two new oil storage facilities, aiming to increase strategic oil reserves to the global standard of 90 days.
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Uzbekistan and Qatar's Al Alfia Holding Discuss Chemical and Oil & Gas Projects
Uzbekistan plans to attract Qatari company Al Alfia Holding to joint projects in the chemical and oil & gas sectors, including localization of lubricants and equipment production.
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