British Steel wins multi-million-pound Türkiye high-speed rail contract
British Steel has secured a multi-million-pound order to supply rail for a major high-speed railway in Türkiye. Backed by UK Export Finance, the deal...
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
The 17th ECO Summit took place in Khankendi, the historic city in Azerbaijan's Karabakh region, marking a significant milestone for the organization and the host country.
Azerbaijani President Ilham Aliyev welcomed participants, underscoring the symbolic importance of holding the summit in a territory recently liberated and undergoing reconstruction after decades of occupation. The event showcased Azerbaijan’s progress in rebuilding and its commitment to regional cooperation and development.
The summit focused on expanding economic ties, fostering trade, and addressing challenges such as climate change and sustainable energy. Leaders highlighted ongoing initiatives like the ECO Week forums for business, youth, and women, which have contributed fresh ideas for the organization’s strategic plans through 2035.
Participants expressed support for regional peace and stability, emphasizing the importance of resolving conflicts diplomatically and promoting economic integration. Several countries praised Azerbaijan’s leadership and efforts in hosting the event, while also committing to stronger cooperation in areas such as transport, energy, digital technologies, and climate action.
ECO Secretary General Asad Majeed Khan lauded Azerbaijan’s role in revitalizing the organization, setting new standards for collaboration, and involving a broader range of stakeholders in shaping the future of economic cooperation.
The summit concluded with President Ilham Aliyev expressing gratitude to all participants and reaffirming the shared vision for sustainable regional prosperity.
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British Steel has secured a multi-million-pound order to supply rail for a major high-speed railway in Türkiye. Backed by UK Export Finance, the deal will see 36,000 tonnes of rail used on a 599km line between Ankara and İzmir, prompting the company to resume round-the-clock production.
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