Saudi Arabia intercepts drone over Riyadh amid rising Houthi attacks
Saudi Arabia’s air defences have intercepted and destroyed a hostile drone over the Riyadh region, according to the Saudi-led coalition fight...
European fundings will be directed to upgrading of Ganja’s water infrastructure to improve its residents’ living standards by ensuring better access to clean water while building resilience towards the impact of climate change.
The European Bank for Reconstruction and Development (EBRD) committed €35 million to finance the upgrading of Ganja’s water management systems. Sovereign loan to be combined with a grant of up to €5 million from the European Union EU.
More than 300,000 people living in Azerbaijan’s second-largest city stand to benefit from further improvements to their urban environment thanks to a third Green Cities project agreed by the delegations of the EBRD and Azerbaijan at the 2025 World Economic Forum.
According to EBRD press-release, this loan is a follow-up to the memorandum of understanding that the parties signed at the 2024 United Nations Climate Change Conference in Baku (COP29) and the start of a comprehensive programme which aims to ensure that all of Ganja is covered by efficient and sustainable water and wastewater services.
The project includes the construction of a water supply pipeline, wastewater collection pipes and water reservoirs, as well as stormwater management systems and other supporting infrastructure.
Ganja joined the EBRD’s flagship Green Cities programme in 2020, and this is now the EBRD’s third investment project there. The EBRD’s first investment in Ganja was in 2022, when the Bank committed to financing upgrades to the city’s waste management, and that was then followed by the financing of improvements to the city’s street-lighting infrastructure.
The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
A Chinese-made AI chip has matched Nvidia’s H200 in tests conducted by its developer, marking a potential breakthrough in China’s efforts to reduce its dependence on foreign technology.
A hacking group linked to North Korea is widely believed to be behind the theft of $6.3 billion from cryptocurrency giant Binance, a cyberattack that experts describe as the largest cryptocurrency heist on record.
Cryptocurrencies are volatile, and their crashes make headlines. But does a slump in digital coins ever spill over into the pounds, dollars and euros in people's bank accounts? The short answer is not directly, but indirectly it can, and regulators are increasingly worried about how.
Russian President Vladimir Putin has praised record trade with Egypt as Moscow seeks to use its economic ties with Cairo to expand its influence across Africa, with a focus on manufacturing, infrastructure and energy.
Kazakhstan could begin building its first nuclear power plant in 2027, President Kassym-Jomart Tokayev said on 28 October, according to Azertac. But as Central Asia steps up its energy ambitions, which countries are investing in nuclear power and which are pursuing alternatives?
Apple's latest iPhone 18 Pro series has outperformed its predecessor in early global sales, even as rising manufacturing costs and weaker demand in some markets put pressure on the smartphone industry, according to Counterpoint Research data released on Tuesday (27 October).
Uzbekistan is moving into a new phase in the development of Islamic finance, with the country’s first Islamic banking licence issued shortly before a regional forum in Samarkand brought together industry players to discuss how the sector can expand across Central Asia.
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