live Iran claims drone strikes on U.S. bases in Bahrain and Kuwait
Iran’s army said it targeted U.S. military facilities in Bahrain and Kuwait with drone attacks. Tehran said the operations were carried out in retal...
Azerbaijan is stepping up efforts to strengthen its position as a regional hub for investment and connectivity ahead of the second Azerbaijan International Investment Forum in Baku this September.
The event follows the inaugural forum last year, which drew nearly 1,000 participants and reportedly resulted in investment agreements worth more than $10 billion.
This year’s edition is expected to attract a larger international audience, with discussions focusing on sustainable development, smart urban planning, regional trade routes and Azerbaijan’s expanding role in east–west and north–south connectivity corridors.
Against this backdrop, political analyst Rustam Taghizade, speaking to AnewZ, said the country is moving beyond simply participating in global economic discussions and is instead seeking to shape them.
Reflecting on the first forum, Taghizade said Azerbaijan has deliberately positioned itself as a convening power for global capital.
“Azerbaijan has moved beyond the phase of simply attending global events. With the first forum last year, Baku created its own platform. That is strategic,” he said.
“The message is clear. We are not just looking for investment. We are setting the agenda of what kind of investment we want.”
He noted that the event brought together sovereign wealth funds, development banks and private investors, describing it as a sign of confidence in a region where predictability and transparency remain key concerns for capital flows.
According to Taghizade, the forum resulted in more than $10 billion in agreements, alongside what he described as significant commitments in the non-oil sector. He added that Azerbaijan’s long-term focus is on directing investment into sectors including energy, logistics, technology and reconstruction.
Discussing Azerbaijan’s broader economic positioning, Taghizade said the country’s geographic location remains a key advantage, but only if it is actively developed into functional connectivity.
“Geography is Azerbaijan’s natural advantage, but it is no longer enough to just sit at a crossroads,” he said.
“The real value comes from turning the geography into active connectivity.”
He highlighted Azerbaijan’s position between Russia, Iran, Türkiye and Central Asia, noting that global supply chain disruptions have increased the importance of overland routes as alternatives to maritime chokepoints.
He pointed to ongoing investment in ports, rail infrastructure and customs modernisation, saying these developments have significantly improved transit efficiency. In some cases, he said, container transport from China to Baku via the Middle Corridor can now take around 11 days.
“When the world looks for alternatives, Azerbaijan is now the first name on the list,” he added.
Turning to infrastructure and regional trade, Taghizade said the Middle Corridor is increasingly becoming a functioning trade route rather than a theoretical concept.
He said container volumes have risen significantly in recent years, supported by infrastructure projects such as the Baku-Tbilisi-Kars railway.
“It is a moving cargo today,” he said. “Volumes grew by over 60%, container traffic increased by 36%.”
“What makes the Middle Corridor special is that it is not only a transit route,” he added, noting that improved reliability is becoming a key factor for both European and Asian investors.
He also said the Organisation of Turkic States expects cargo volumes along the corridor to reach 10 million tonnes in the near future, adding that Azerbaijan is positioned as a central link rather than a peripheral transit point.
On Azerbaijan’s economic diversification strategy, Taghizade said the country is actively moving beyond its traditional reliance on hydrocarbons, with renewable energy and industrial development emerging as major priorities.
“Diversification is not just a slogan in Azerbaijan. It is happening,” he said.
He pointed to renewable energy targets for 2030 and the development of industrial zones designed to support manufacturing and logistics along key trade routes.
Taghizade also highlighted incentives offered to investors in designated economic zones, including streamlined customs procedures and tax advantages.
“What sets Azerbaijan apart is stability and execution,” he said, adding that investors place significant value on predictable political conditions and established infrastructure.
He cited large-scale projects such as the Southern Gas Corridor and the Baku-Tbilisi-Kars railway as examples of Azerbaijan’s record in delivering major infrastructure projects on time.
As the investment forum approaches, Azerbaijani officials appear keen to reinforce the country’s role not only as a participant in global markets, but also as an active architect of regional economic flows.
Ukraine targeted a warehouse belonging to Russia’s largest retailer, Wildberries, and an oil refinery overnight, while Moscow said its forces struck a ship carrying military cargo in the Black Sea.
The U.S. military said it completed its latest wave of strikes on Iran, a two-hour operation that hit dozens of targets. Washington described the strikes as a "powerful response" to Iranian missile attacks targeting U.S. forces in the Middle East a day earlier.
Saudi Arabia said its overnight strikes on Iran-backed group targets in Iraq were carried out in self-defence and warned it would take further military action if the groups launched new attacks against the kingdom.
Iran’s army said it targeted U.S. military facilities in Bahrain and Kuwait with drone attacks. Tehran said the operations were carried out in retaliation for recent U.S. strikes.
Thousands of migrants have crossed into the Spanish exclave of Ceuta from Morocco, overwhelming border security and prompting local authorities to call for a national emergency and military deployment.
UNESCO has granted World Heritage status to 10 landmarks of Tashkent's modernist architecture, recognising the buildings that helped redefine Uzbekistan's capital after the devastating 1966 earthquake.
Apple Pay has launched in Kyrgyzstan and Tajikistan, expanding digital payment services across Central Asia and supporting the region's shift towards cashless transactions.
Georgia has secured two major financial commitments this week, with one aimed at easing road congestion around the capital and the other at strengthening the country's banking safety net.
A Turkish-owned cargo ship was struck by a drone in the Black Sea after leaving a Ukrainian port, in the latest incident to raise concerns over the safety of commercial shipping in the region. No information has been released on casualties or the extent of the damage.
Iran’s Parliament Speaker Mohammad-Bagher Ghalibaf has promised that the U.S. will “pay the price” following what Iranian authorities said was a deadly strike on a residential building on Qeshm Island in the Persian Gulf that killed three members of a family.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment