Returning to work on Tuesday after a week-long vacation, President Ilham Aliyev received the Minister of Communications and Information Technology of Iran Mahmoud Vaezi, who is co-chair of the Azerbaijani-Iranian intergovernmental commission in economy, trade and humanitarian spheres.
Vaezi arrived in Azerbaijan to study issues related to the upcoming August 8 visit of President of Iran Hassan Rouhani, who will take part in the trilateral meeting with the Presidents of Russia and Azerbaijan.
The summit will be dedicated to the forthcoming opening of the North-South transport corridor, as well as issues of regional security and cooperation in various fields.
Before meeting with Aliyev, Vaezi had meetings at the Ministries of Communications and Economy.
The Azerbaijani President praised the level of bilateral relations in various fields and noted the special role of Vaezi in this. He also sent his greetings to the President of Iran, which could mean that he is waited impatiently in Baku on August 8. -0-
Economics
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The black boxes from the AZAL aircraft have been returned to Kazakhstan from Brazil and handed over to the investigation commission for analysis of the aviation accident that occurred near Aktau Airport on December 25, Kazakhstan's General Prosecutor's Office reported.
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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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