Wall Street opens lower as investors await Fed decision
Wall Street opened lower on Tuesday as investors turned cautious ahead of the Federal Reserve's interest rate decision, following strong retail sales data that signalled consumer resilience.
Key Role in Eurasian Connectivity
Kazakhstan and Azerbaijan’s partnership is exemplified by their collaboration on the Middle Corridor, a vital trade route linking China, Central Asia, and Europe. The Aktau Port on the Caspian Sea, combined with Azerbaijan’s Port of Baku, forms a crucial transit hub, facilitating seamless trade and solidifying their roles as vital connectors in Eurasian transport networks.
A significant milestone was reached during COP29 in Baku, where an agreement was signed between Kazakhstan Railways, Azerbaijan’s Port of Baku, and China’s Xi’an Free Trade Port. The deal involves the construction of an intermodal cargo terminal in Alat, spanning an initial 40 hectares. This project is designed to boost cargo handling capacity, lower transportation costs, and reduce unloading times, enhancing the efficiency of the China-Europe trade route.
Advancing Green Energy Collaboration
On 13 November, the Presidents of Azerbaijan, Kazakhstan, and Uzbekistan—Ilham Aliyev, Kassym-Jomart Tokayev, and Shavkat Mirziyoyev—signed the “Agreement on Strategic Partnership in the Development and Transmission of Green Energy.
The agreement includes plans for an undersea electric cable across the Caspian Sea, connecting renewable energy infrastructure between Central Asia, the Caucasus, and Europe. President Aliyev emphasised its significance as a historic step in integrating renewable energy development and strengthening connections from the Caspian and Black Seas to Europe.
Expanding Economic Ties
Kazakhstan and Azerbaijan’s economic ties are deeply rooted in energy and transport cooperation. Kazakhstan exports oil via Azerbaijan’s infrastructure, including the Baku-Tbilisi-Ceyhan pipeline. Steady trade growth has been supported by the Aktau Port, which plays a key role in container traffic and connectivity across Eurasia.
Shared Heritage and Regional Unity
Beyond economic collaboration, the two nations share a common Turkic heritage and actively promote unity through the Organization of Turkic States. Cultural initiatives and educational exchanges further strengthen their historical ties and mutual understanding.
Strategic Political Relations
Since establishing diplomatic ties in 1992, Kazakhstan and Azerbaijan have built a strong foundation for cooperation. High-level visits and agreements have deepened their strategic partnership, underpinned by a shared commitment to regional stability and growth.
A Vision for Greater Connectivity
The Middle Corridor, bolstered by the Aktau-Baku partnership and recent agreements, embodies Kazakhstan and Azerbaijan’s dedication to progress. The two nations are paving the way for enhanced connectivity across Central Asia, the Caucasus, and Europe by integrating trade, energy, and infrastructure.
Kazakhstan’s 33 years of independence symbolize its economic leadership and regional cooperation achievements. Its enduring ties with Azerbaijan reflect a forward-looking vision, connecting continents through innovative projects, energy corridors, and strategic infrastructure.
Negotiations at COP29 in Baku face a critical impasse as sharp divisions over climate finance and fossil fuel commitments threaten progress.
"Come up with the video in its full form," demands the COP29 CEO, Elnur Soltanov, in an exclusive interview with AnewZ. The chief executive has broken his silence on the claims he was using his position to organise potential fossil fuel deals.
Kazakhstan’s GDP grew 4.4% in 2024, driven by a 5.1% rise in non-oil sectors and a 10.2% surge in processed exports.
Uzbekistan dismissed 297 officials for negligence, replacing them with young, modern-thinking professionals to tackle poverty and address citizens' needs.
The European Union has made a key decision impacting Georgia's diplomatic relations, introducing changes to previously established agreements. While discussions continue among member states, challenges remain in achieving consensus on broader measures tied to human rights and governance concerns.
Kyrgyz President Sadyr Japarov has signed a decree removing Akylbek Japarov from his position as Prime Minister and Head of the Presidential Administration.
The Georgian parliamentary elections are underway under heightened security measures
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