Azerbaijan Railways (ADY) will buy seven new locomotives and spare parts from Chinese company "CRRC Ziyang Co., Ltd”. under a $26 million agreement.
"All technical and commercial issues related to the purchase of the locomotives and spare parts have been agreed upon. The total value of the agreement is 26 million US dollars," - ADY said in its press-release.
Featuring advanced technologies and innovative traction systems, the modern AC50-type mainline diesel locomotive is distinguished by its high traction power, increased fuel capacity, and exceptional reliability.
The AC50 model complies with Level IIIA environmental standards set by the International Union of Railways (UIC), enabling its operation in areas with specific emission requirements.
The locomotives will support the growing demand for freight transportation, particularly along the North-South International Transport Corridor and other key routes.
In the next phase, Azerbaijan Railways plans to buy 14 mainline locomotives additionally.
"In response to the continued growth of transit freight across international corridors passing through Azerbaijan, ADY is intensifying its efforts to modernize and expand its locomotive fleet to ensure the safe and efficient movement of cargo" - the release reads.
The United States has sanctioned six entities and six individuals based in Iran and the People’s Republic of China (PRC) for their role in a network procuring ballistic missile propellant ingredients on behalf of Iran’s Islamic Revolutionary Guard Corps (IRGC).
The United States has approached China in hopes of launching talks over President Donald Trump’s steep 145% tariffs, according to a post by Yuyuan Tantian, a social media account linked to Chinese state media.
China has lifted sanctions on five current and former Members of the European Parliament, signaling a move to ease tensions with the European Union and revive stalled trade negotiations.
An explosion rocked a residential area in Taiyuan, Shanxi province, northern China, killing at least one person and injuring 21 others, according to state media.
China released a white paper on COVID-19 prevention, control and origins tracing on Wednesday, the state-run Xinhua news agency reported, lauding its own contributions while casting doubts on the United States.
Azerbaijan Railways (ADY) will buy seven new locomotives and spare parts from Chinese company "CRRC Ziyang Co., Ltd”. under a $26 million agreement.
The United States and Ukraine have signed a sweeping economic partnership agreement focused on developing Ukraine’s mineral resources, as the Trump administration pushes for a long-term peace plan more than three years into Russia’s full-scale invasion.
U.S. President Donald Trump's national security adviser Mike Waltz and his deputy Alex Wong are stepping down, marking the first significant change in the President’s inner circle since he took office in January, U.S. media reported on Thursday.
South Korea has won a landmark $18.2 billion contract to build two nuclear reactors in the Czech Republic—its first overseas nuclear power project in 16 years—signaling a renewed push into Europe's growing energy market.
In Tunisia’s capital Tunis on Thursday, both opponents and supporters of President Kais Saied held separate demonstrations, reflecting an increasingly polarized political climate.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
North Korea has launched a new 5,000-tonne destroyer as part of Kim Jong Un’s plans to expand the country’s naval power far beyond its coastal waters.
A vehicle crashed into a crowd at a Filipino festival in Vancouver, killing 11 and injuring dozens.
A massive explosion at Shahid Rajaee Port in southern Iran on Saturday killed at least four people and injured nearly 600 others, officials said, prompting an urgent government investigation.
The United States has sanctioned six entities and six individuals based in Iran and the People’s Republic of China (PRC) for their role in a network procuring ballistic missile propellant ingredients on behalf of Iran’s Islamic Revolutionary Guard Corps (IRGC).
Russia and North Korea on Wednesday launched construction of a road bridge between the two countries that will span the Tumen river, marking strategic partnership between the two countries, Russia's prime minister said.
Online retail platform Temu has begun adding steep “import charges” of around 145% to orders shipped to the United States, a direct response to President Donald Trump’s newly imposed tariffs on Chinese goods, CNBC reported.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
Azerbaijan Railways (ADY) will buy seven new locomotives and spare parts from Chinese company "CRRC Ziyang Co., Ltd”. under a $26 million agreement.
The United States and Ukraine have signed a sweeping economic partnership agreement focused on developing Ukraine’s mineral resources, as the Trump administration pushes for a long-term peace plan more than three years into Russia’s full-scale invasion.
U.S. President Donald Trump's national security adviser Mike Waltz and his deputy Alex Wong are stepping down, marking the first significant change in the President’s inner circle since he took office in January, U.S. media reported on Thursday.
South Korea has won a landmark $18.2 billion contract to build two nuclear reactors in the Czech Republic—its first overseas nuclear power project in 16 years—signaling a renewed push into Europe's growing energy market.
In Tunisia’s capital Tunis on Thursday, both opponents and supporters of President Kais Saied held separate demonstrations, reflecting an increasingly polarized political climate.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment