The Financial Markets Supervision House (FMSH) registered 4,622 shares of Turan Bank at a nominal value of 1,082 manat each. Thus, the authorized capital of Turan Bank increased 5 million AZN to 55,002,466 AZN.
JSC Uni Bank is increasing its authorized capital by 55 million AZN. FMSH registered 20,220,589 shares of Uni Bank with a nominal value of 2.72 AZN each. The authorized capital of the bank will amount to 125,565,232 AZN.
Shares of each of the above-mentioned JSCs will be distributed to the shareholders. -71D-
Economics
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
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SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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