The brokerage company "Qarant Invest", stopped its activities. The fact is seen as a restructuring of the holding company "ZQAN Holding", which recently got rid of the JSC "Bank of Azerbaijan".
The company "Qarant Invest", was established in August 2011, and received a five-year brokerage license from the State Securities Committee in November of that year. It acted in the financial market and serve customers in global stock markets. For this, it worked with "Baltikums investment bank" (Latvia) and "Dukascopy Bank" (Switzerland).
At present, Azerbaijan has 14 brokerage licenses. On the functioning of two brokerage firms ("Billionaire" and "PSG-Broker") there is no news.
"ZQAN Holding" includes "ZQAN Construction", "Qarant Sigorta", "Royal Estate", "Azbentonit", "AzEuroCom" and other companies. - 08B-
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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