Azerbaijan has been selected to host the 2026 Annual Meeting of the Islamic Development Bank (IsDB) Group, following a formal handover ceremony held in Algeria.
During the event, Azerbaijan’s Minister of Economy Mikayil Jabbarov was appointed as the Chairman of the IsDB Board of Governors.
In his remarks at the ceremony, Jabbarov expressed gratitude to the IsDB for entrusting Azerbaijan with the responsibility of hosting one of the bank’s most significant gatherings. He highlighted that this would mark the second time Azerbaijan hosts the event, recalling the successful organization of the 35th Annual Meeting in 2010.
Jabbarov noted that hosting the 2026 meeting would serve to strengthen Azerbaijan’s ties with Islamic financial institutions, attract new investment opportunities, and support the country’s ambitions for sustainable economic development.
A Memorandum of Understanding was signed during the ceremony, outlining the facilities and logistical support Azerbaijan will provide for the upcoming meeting.
The IsDB Annual Meeting is a key platform for high-level discussions on development policy, investment, and cooperation among member countries. Hosting the event is expected to elevate Azerbaijan's visibility in international development circles and underscore its growing role in the Islamic financial community.
The number of people killed in flash floods across central Texas has climbed to 70, with 11 campers still missing, authorities confirmed on Sunday....
New artificial intelligence software is helping NHS hospitals in Hull reduce MRI scan times, enabling staff to scan more patients each day while impro...
While the White House touts strong job gains as the “Trump effect,” economists caution that aggressive immigration enforcement may undermine labou...
OPEC+ has agreed to raise oil production by 548,000 barrels per day in August, accelerating output increases amid geopolitical tensions and pressure f...
The 17th Summit of the Economic Cooperation Organization (ECO) took place in Khankendi on 3–4 July 2025, focusing on “A New Vision of ECO for a Su...
The number of people killed in flash floods across central Texas has climbed to 70, with 11 campers still missing, authorities confirmed on Sunday.
New artificial intelligence software is helping NHS hospitals in Hull reduce MRI scan times, enabling staff to scan more patients each day while improving accessibility for vulnerable groups.
While the White House touts strong job gains as the “Trump effect,” economists caution that aggressive immigration enforcement may undermine labour supply and long-term economic growth.
OPEC+ has agreed to raise oil production by 548,000 barrels per day in August, accelerating output increases amid geopolitical tensions and pressure from U.S. President Donald Trump to help ease fuel prices.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
Ukrainian President Volodymyr Zelenskiy described his latest phone call with U.S. President Donald Trump as the most productive yet, focusing on air defence and future cooperation.
The U-20 European Wrestling Championship in Caorle, Italy, is nearing its end, with Azerbaijan’s Vasif Baghirov securing a hard-earned victory in the 57 kg final against Georgia’s Nika Zangaladze.
ADY Chairman Rovshan Rustamov met with Afghanistan's Deputy Prime Minister for Economic Affairs, Abdul Ghani Baradar, at the Baku Sea Port.
Armenia’s Foreign Ministry has reaffirmed that the country’s territory cannot be used by any third party to carry out military operations against neighbouring states.
Armenian Prime Minister Nikol Pashinyan says the country needs a new constitution that reflects its current realities and has a clear purpose.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment