The Minister of Communications and Information Technology of Iran Mahmoud Vaez arrived on a working visit to Azerbaijan.
Vaez, who is co-chairman of the intergovernmental commission Azerbaijan-Iran, on Monday will hold meetings with officials and discuss issues related to the planned August visit of the Iranian President Hassan Rouhani to Baku.
Earlier, Iranian Foreign Ministry reported that Baku will host a meeting of the Presidents of Russia, Iran and Azerbaijan, where the parties will discuss the issues of transit through the transport corridor North-South on August 8 as well as the fight against terrorism and the status of the Caspian Sea.
"Basically, the agenda will focus on the North-South corridor, i.e. the transit from the Persian Gulf to Russia," said the deputy head of the Iranian Foreign Ministry Ibrahim Rahinpur last week.
Rouhani also expects to discuss with Putin the situation in Syria.
The meeting of the Presidents of Russia, Azerbaijan and Iran in August has also been confirmed by the Foreign Ministers of Russia and Azerbaijan, Sergey Lavrov and Elmar Mammadyarov, at their meeting in Baku on July 12. However, Mammadyarov said that the date of the meeting will be determined in August. -0-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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