Azerbaijan’s Emergency Ministry provided fire trucks to Kyrgyzstan
Azerbaijan’s Ministry of Emergency Situations has sent technical assistance to the Kyrgyz Republic in accordance with instructions of President Ilham Aliyev.
The State Oil Fund of the Azerbaijan Republic (SOFAZ) will continue buying gold in 2025, aiming to increase its assets to 170 tonnes by April-May.
"SOFAZ is targeting to increase the share of gold in its investment portfolio to 25%," - according to SOFAZ Investment Department Director Farhad Zeynalov.
As of December 31, 2024, the total volume of gold in SOFAZ's investment portfolio was 146.6 tonnes, accounting for 20.6% of the portfolio, valued at $12.4 billion. This means the gold volume could increase by 16% by April-May.
In 2024, SOFAZ purchased 44.8 tonnes of gold, with 41 tonnes already delivered to the country. Zeynalov noted that the price of gold rose 27.2%, from $2,063 to $2,624 per troy ounce in 2024.
SOFAZ accumulates government revenues from oil and gas sales, tariffs on oil and gas transportation, leasing government property, and other activities. The fund's assets totaled an estimated $60 billion at the end of 2024.
Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
Mexican forces have dismantled a massive meth lab in Zacatecas, dealing a blow to a Sinaloa Cartel faction.
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
Serbia’s parliament has officially accepted the resignation of Prime Minister Milos Vucevic, setting a 30-day deadline for the formation of a new government or the calling of snap elections.
A devastating overnight drone attack on Kyiv, attributed to Russian forces, resulted in the deaths of three people, including a five-year-old child, and left ten others injured.
China has strongly criticized U.S. President Donald Trump's recent executive order, which threatens to impose a 25% tariff on all goods imported to the U.S. from any country that imports oil from Venezuela.
Hyundai Steel, in partnership with Hyundai Motor Group, announced a $5.8 billion investment to build a new steel plant in Louisiana, U.S., with an annual capacity of 2.7 million tonnes.
U.S. President Donald Trump announced on Monday that he anticipates a U.S.-Ukraine revenue-sharing agreement on Ukrainian critical minerals will be signed soon.
Australia is set to accelerate A$1 billion in defence expenditure in Tuesday’s federal budget, as part of a broader effort to enhance its military capabilities, Defence Minister Richard Marles announced on Monday.
In a move that could significantly boost India's artificial intelligence landscape, tech leaders OpenAI and Meta Platforms have engaged in separate discussions with Reliance Industries, according to a report by The Information.
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