The International Bank of Azerbaijan (IBA) is involved in the 19th World Islamic Banking Conference in Bahrain, on the theme "New strategic path of development of Islamic finance. Growth, innovative products, the impact of globalization."
As reported in the bank, the main purpose of participation in the IBA conference is to present the country, strengthening our position in the global Islamic financial markets, studying the experience of the world's leading Islamic financial institutions, and partnerships in order to attract investment to the country.
As in previous years, the organizers and participants of the event are the top leaders of the international financial institutions and government agencies, and key regulators from over 50 countries. Lead partners and participants present their latest innovative projects and achievements in the field of Islamic finance.
Since the beginning of the "Islamic window" IBA has financed six projects and 20 trades on the basis of Islamic banking in the amount of $ 65 million. -15D -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review