President Ilham Aliyev in a letter to Donald Trump highlighted progress in relations with Armenia, including the lifting of restrictions on cargo transportation and transit of goods.
Net profit of Uzbekistan's banking sector reached 11 trillion soums in H1 2026, up 68.9% year-on-year, with Ipoteka Bank leading.
Armenian Prime Minister Nikol Pashinyan called Azerbaijani President Ilham Aliyev. The sides discussed the anniversary of the Washington Peace Summit and progress in normalizing relations.
The US Treasury froze the assets of an offshore company owned by Harry Sargent, involved in Venezuelan oil projects, and issued a license to exit the business.
Ankara has proposed that Moscow and Kyiv create a special mechanism to prevent attacks on commercial vessels in the Black Sea, according to Turkish Foreign Minister Hakan Fidan.
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The US Treasury froze the assets of an offshore company owned by Harry Sargent, involved in Venezuelan oil projects, and issued a license to exit the business.
Ankara has proposed that Moscow and Kyiv create a special mechanism to prevent attacks on commercial vessels in the Black Sea, according to Turkish Foreign Minister Hakan Fidan.
President Ilham Aliyev in a letter to Donald Trump highlighted progress in relations with Armenia, including the lifting of restrictions on cargo transportation and transit of goods.
Yemen's Ansar Allah movement said it successfully attacked Saudi Aramco's oil refinery in Jizan with a drone.
US Vice President JD Vance said Washington continues negotiations with Tehran to maximize the volume of oil and gas transported through the Strait of Hormuz.
Work is underway to strengthen the transit network in Sistan and Baluchestan Province, which will turn the region into one of the country's main cargo and transit hubs.
Turkey restricts commercial vessel passage in the Black Sea due to attacks on ships in the region, Bloomberg reports.
Net profit of Uzbekistan's banking sector reached 11 trillion soums in H1 2026, up 68.9% year-on-year, with Ipoteka Bank leading.
Bloomberg warns of a possible diesel shortage in Europe this winter, leading to higher prices and inflationary pressure.
The head of the European Commission said that joint sanctions by Europe and the US will increase pressure on Russia.
Armenian Prime Minister Nikol Pashinyan called Azerbaijani President Ilham Aliyev. The sides discussed the anniversary of the Washington Peace Summit and progress in normalizing relations.
In the first half of the year, 340 projects worth 1.064 billion manats were implemented in Azerbaijan's liberated territories, accounting for 30.4% of the planned funds.
Gold prices climbed 2.68% on Comex to $4,416 per troy ounce, the highest level since June 17, 2026.
The FAO Food Price Index averaged 131.1 points in July 2026, up 0.6% from June, driven by higher prices for cereals, sugar, and vegetable oils.
In the first half of 2026, Azerbaijan implemented 287 projects under the State Investment Program, utilizing 810.2 million manats out of 2.7 billion.
Azerbaijan's Ministry of Finance reports on digitalization of public finances: a new information system has been created, the 'Electronic Budget Guide' portal has been launched, and the volume of contracts signed via E-müqavilə exceeded 1 billion manats.
International agency Fitch has upgraded ABB Bank's long-term issuer default rating from BB to BB+, with a stable outlook.
China's foreign exchange reserves grew by $3 billion to $3.419 trillion, while the central bank continued gold purchases for the 21st consecutive month.
Kazakhstan's KazMunayGas plans to boost oil exports via the Baku-Tbilisi-Ceyhan pipeline to 1.7 million tons in 2026.
Yelo Bank extends special offer for new clients: 1% discount on first cash loan and 0% commission until August 31, 2026.
On August 8, 8 railcars of wheat and 10 railcars of coal from Russia will transit through Azerbaijan to Armenia.
The price of Azerbaijan's Azeri Light crude increased by 2.5% to $93.37 per barrel.
CBA published official exchange rates for August 7: dollar at 1.7 manats, euro at 1.9591, Turkish lira at 0.0356, 100 rubles at 2.0816.
Armenian Parliament Speaker Ruben Rubinyan told Russian Federation Council Speaker Valentina Matviyenko that unjustified restrictions on Armenian exports to Russia are a concern, stressing the need to resolve the issue within the EAEU framework.
Apollo Global Management has agreed to buy British low-cost carrier easyJet for £5.7 billion ($7.7 billion).
PAŞA Yatırım Bankası (Turkey) reported net profit of 192 million liras for H1, down 30.7% year-on-year.
Average daily gas transportation via the South Caucasus Pipeline in January–June 2026 reached 63.7 million cubic meters, up 2.1% year-on-year.
Oil and condensate transportation via the Baku–Tbilisi–Ceyhan pipeline in January–June 2026 totaled about 97 million barrels, down 8.5% year-on-year.
Azerbaijan could leapfrog in Islamic finance by adopting AI agents, positioning the country as a hub for the halal economy.
The Central Bank of Azerbaijan has approved amendments to corporate governance standards, introducing an independent customer complaint handling function and expanding ethical conduct rules.
AzerTelecom and Kazakhtelecom have completed laying a 380-kilometer fiber-optic cable along the Caspian Sea bed, part of the digital corridor between Europe and Asia.
From August 6 to September 10, 2026, customers who apply for a Birbank Star credit card can withdraw cash without commission until September 30.
The Central Bank of Azerbaijan stated it does not interfere in relations between banks and payment systems; decisions to suspend transfers are made by banks independently.
According to the Central Bank, incoming payments through the Bank of Russia payment system fell 3.4% in July compared to the Q2 average, but excluding extraction and public administration, they rose 1.4%.
Siemens AG reported an 11% rise in net profit for the third quarter of fiscal 2027, with revenue up 7%.
The price of Azerbaijan's Azeri Light crude fell by 0.7% to $91.04 per barrel, while in Turkey's Ceyhan it dropped to $87.89.
The Central Bank of Azerbaijan kept the dollar rate at 1.7 manats, the euro rose by 0.1%, and the ruble fell by 0.04%.
Restricting transfers to 5 operations per day and 20,000 manats per month is not just a strange recommendation; it is an attempt to interfere with the freedom of financial operations.
Xalq Bank launches a new credit campaign, offering entrepreneurs more favorable and accessible financing conditions.
Trade in agricultural products between Russia and Turkey in the first half of 2026 grew by more than 30% year-on-year.
Uber and Wayve receive TfL approval to launch autonomous taxi service in London, starting with safety drivers.
The US Treasury has lifted sanctions against Iraqi airline Fly Baghdad.
The Russian government has adopted a resolution that sets temporary rules for the production, import, and circulation of gasoline and diesel fuel until July 1, 2027, according to the Ministry of Energy.
Electricity supply has been restored in Tbilisi, and a phased restoration is underway across Georgia, according to the Georgian State Electrosystem.
Annual inflation in Russia may reach 6.3% by the end of September, according to the Bank of Russia's August 5 commentary on its medium-term macroeconomic forecast.
Complete power outage recorded in all cities of Georgia
Oliver Wyman analysts recommend Azerbaijan to undertake institutional reforms in the financial sector, including the creation of Baku IFC, to attract investment in infrastructure projects.
China has imposed counter-sanctions on the US, tightening export restrictions on drones and their components, and adding six American organizations to its countermeasures list.
Tajikistan's Minister of Economic Development met with the chairman of the Tajikistan-Turkey Business Council to discuss investments and strengthening business ties.
Dow Jones and S&P 500 closed at historic highs, supported by statements about a possible agreement on the Strait of Hormuz and strong corporate reports.
US President Donald Trump said the Strait of Hormuz will be opened, otherwise Iran will receive a 'very strong blow'.
Gold prices stabilized as traders weighed signs of progress in Middle East diplomacy.
The price of Azerbaijan's Azeri Light crude fell by 5.22% to $91.68 per barrel, while Brent declined to $85.96.
According to the Central Bank of Azerbaijan, the dollar rate against the manat remained unchanged at 1.7 manats.
New sanctions against Russia could increase economic instability in the US and reduce Washington's geopolitical influence, reports Responsible Statecraft.
Binance: crypto market regulation in Azerbaijan, Open Banking and the role of AI - exclusive interview with Kirill Khomyakov for FinFly.News
Damascus is ready to reduce fuel purchases from Russia as part of talks with Washington on removing its state sponsor of terrorism designation, Reuters reports.
Presidents of Russia and Brazil held a phone conversation, discussing bilateral relations and the situation around Ukraine.
The United States has increased funding for the TRIPP+ Entrepreneurship Support Fund from $201 million to $402 million, according to the official US government spending database.
Georgia and the Asian Development Bank have signed a $250 million loan agreement to build a bypass road around Tbilisi, aiming to ease traffic congestion in the capital.
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