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Azerbaijani President Ilham Aliyev has stressed the country's crucial role in Eurasian transport networks, highlighting its position on key trade routes and ongoing efforts to improve infrastructure and cooperation with neighbouring nations.
Azerbaijani president Ilham Aliyev has emphasised the country’s strategic importance in Eurasian transport networks, stating that "It is impossible to imagine the transport map of Eurasia without Azerbaijan, without its transport infrastructure."
Speaking at a meeting dedicated to transportation issues, Aliyev highlighted Azerbaijan’s role in major international trade routes.“Currently, the East-West and North-South transport corridors pass through our territory. The volume of cargo transported along these corridors is increasing by the year. In addition to physical infrastructure, other steps have been taken to ensure more efficient transportation of cargo, including attention paid to digitalization. New formats of cooperation with neighbouring countries have been created and joint ventures, joint companies have been established. In short, Azerbaijan today is one of the indispensable transport hubs of Eurasia,” he said.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
The inaugural Silk Road Finance & Technology Forum brought together policymakers, investors and technology companies as Central Asia looks to build a more connected financial system and compete for a bigger share of global fintech investment.
Kazakhstan is discussing support for the Trans-Caspian green energy corridor with the European Commission, as work continues on a project to transmit electricity from Central Asia towards European markets, Kazakhstan's Energy Ministry said.
Uzbekistan's region of Karakalpakstan is developing three cryptocurrency mining facilities and three data centers with a combined investment of $5.1 billion, as the region seeks to attract larger and higher-quality investments.
A restaurant payment with a Visa card in Damascus has become a symbol of Syria’s reconnection with the global financial system.
The Silk Road Finance & Technology Forum will bring more than 6,000 policymakers, investors and technology leaders from 74 countries to Tashkent, as Central Asia seeks a bigger role in the global fintech landscape.
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