Azerbaijan’s Minister of Economy Mikayil Jabbarov has been appointed Chairman of the Board of Governors of the Islamic Development Bank Group, with the 2026 Annual Meeting set to take place in Azerbaijan.
Azerbaijan has been selected to host the 2026 Annual Meeting of the Islamic Development Bank (IsDB) Group, following the appointment of Mikayil Jabbarov, the country’s Minister of Economy, as Chairman of the Bank’s Board of Governors.
The decision was formally marked at a host country handover ceremony held in Algeria. During the event, Jabbarov expressed Azerbaijan’s appreciation for the confidence shown by the IsDB Group and reiterated the country’s commitment to fostering deeper cooperation with Islamic financial institutions.
Reflecting on Azerbaijan’s successful hosting of the 35th Annual Meeting of the IsDB Group in 2010, the minister highlighted the positive impact such events have on strengthening economic partnerships and attracting new investment. He noted that the upcoming meeting will further support Azerbaijan’s goals for sustainable economic development.
A Memorandum of Understanding was also signed during the ceremony, outlining the facilities and commitments Azerbaijan will provide to ensure the successful organization of the 2026 gathering.
The IsDB Annual Meeting serves as a key platform for dialogue on development financing and collaboration among member countries, and its return to Azerbaijan underscores the country's growing role in the global Islamic finance ecosystem.
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Scientists at the South China University of Technology have engineered a new ceramic material that pushes the boundaries of heat resistance, a development with major implications for hypersonic flight, rocket engines, and energy production.
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In June 2025, Iran and Israel entered direct war for the first time, ending years of covert hostilities. The three-day conflict reshaped regional dynamics and left lasting military, civilian, and diplomatic consequences.
On 15 June, President of the Republic of Azerbaijan Ilham Aliyev received the credentials of Ahmed Metani, the newly appointed Ambassador Extraordinary and Plenipotentiary of the State of Palestine.
On June 15, President of the Republic of Azerbaijan Ilham Aliyev received the credentials of Kang Kymgu, the newly appointed Ambassador Extraordinary and Plenipotentiary of the Republic of Korea. Following the formal presentation of credentials, President Aliyev held a meeting with Ambassador Kymgu.
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At least six people were killed and several others injured after a bridge collapsed in Maharashtra’s Pune district.
On Day 3 of the escalating conflict, a new wave of ballistic missiles was launched from Iran towards Israel, striking fear across the region as explosions were reported in Tel Aviv and Jerusalem.
Scientists at the South China University of Technology have engineered a new ceramic material that pushes the boundaries of heat resistance, a development with major implications for hypersonic flight, rocket engines, and energy production.
Amid the threat of civil war and national collapse, Azerbaijan turned to its most experienced statesman, Heydar Aliyev, whose return to power on June 15, 1993, marked the beginning of the country's political revival.
In June 2025, Iran and Israel entered direct war for the first time, ending years of covert hostilities. The three-day conflict reshaped regional dynamics and left lasting military, civilian, and diplomatic consequences.
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