Brokerage License of Khalg Capital Ltd. Updated
The State Securities Committee updated the Khalg Capital Ltd licenses for brokerage and dealer activities in the securities market on October 29.
The company is a subsidiary of JSC Khalg Bank and has operated since the summer of 2007. The authorized capital is 210 thousand manat.
Ltd. Khalg Capital sometimes was a leader among brokers on the volume of transactions on the Baku Stock Exchange. In September this year, the company made operations at more than $ 1 million manat and dropped from the 7th to the last, 10th place in the ranking of brokers.
Currently 38 licenses for professional activity in the securities market are valid, including 14 on broker-dealer activities. --08D--
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review