Energy Day Turns Green

Azerbaijan’s Finance Minister Samir Sharifov and UAE’s Minister of State for Financial Affairs Mohamed Hadi Al-Husseini discussed strengthening cooperation in the financial sector during a meeting in Dubai, the UAE Ministry of Finance said on social media platform X.

At the 13th meeting of the Ministers of Economy and Trade of the Organization of Turkic States (OTS), held in Bishkek on October 18, 2024, Kazakhstan's proposal to establish a Council on Green Finance and a Council of Central (National) Banks of the member states received broad support. Representatives from Azerbaijan, Turkey, Kazakhstan, Kyrgyzstan, Uzbekistan, and Hungary participated in the meeting, focusing on deepening cooperation and promoting economic development within the bloc. The next meeting of the Ministers of Economy and Trade is scheduled to take place in Turkestan, where Kazakhstan will present its Special Economic Zone "Turan" initiative, aimed at further strengthening economic ties within OTS.

Azerbaijan will present its "National Electromobility Plan" at COP29, Minister of Energy Parviz Shahbazov announced in an article published in the state newspaper Azerbaijan on the occasion of "Energy Day."

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported a 10% increase in assets for January-September 2024, reaching $61.698 billion, with assets growing by $1 billion in September, according to the chart.