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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UN Secretary-General António Guterres delivered a stark warning at this year's COP31 summit, saying the climate crisis iss advancing faster than governments' efforts to contain it.
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Here's your AnewZ Daily Brief for 11 November. Today, we cover Russia-Ukraine peace talks, political tensions in Washington, strikes in Spain, espionage allegations involving Nvidia's CEO, and climate negotiations at COP31 in Türkiye.
Four million workers across Spain joined a general strike on Wednesday over the country’s deepening housing crisis, unions said, bringing disruption to factories, ports, shops and public transport just weeks before a snap general election.
Iran has unveiled a new underground missile and drone base, warning that it will respond forcefully to any attack, as tensions persist with the U.S. and oil tankers continue to be struck by naval mines in the Strait of Hormuz.
Afghan and Russian businesses signed 15 trade agreements worth $103 million in Kabul on Thursday during a visit by Russian Deputy Prime Minister Alexei Overchuk, Afghanistan’s government said.
Rising demand for air cargo and expanding international aviation networks are opening up new trade opportunities for Central Asia and the South Caucasus, as countries invest in airports and strengthen their roles in global supply chains.
Kazakhstan’s security service has arrested Nurlan Zhakupov, CEO of Samruk-Kazyna, the country’s sovereign wealth fund, on suspicion of corruption. Yelzhas Otynshiyev, Chairman of KTZ, Kazakhstan’s national railway firm has also been detained.
An Israeli airstrike on Nasser Hospital in southern Gaza has killed at least six people, including a surgeon, and wounded 20 others, according to Gaza’s civil defence service.
The competitiveness of international trade depends on how efficiently goods move across borders. These issues are in focus at the 22nd International Exhibition of Transport and Logistics – TransLogistica Uzbekistan 2026, taking place in Tashkent, Uzbekistan, from 10 to 12 November.
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