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.
Germany’s producer prices dropped 1.2% year-on-year in May, in line with market expectations, largely due to falling energy prices, official data showed Friday.
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Germany’s producer prices dropped 1.2% year-on-year in May, in line with market expectations, largely due to falling energy prices, official data showed Friday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 20th, covering the latest developments you need to know.
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There are international calls to seek a diplomatic solution amid rising tensions in the Middle East and to prevent Iran from acquiring nuclear weapons. That's according to U.S. Secretary of State Marco Rubio and key international allies who discussed the escalating conflict between Iran and Israel.
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Israeli Prime Minister Benjamin Netanyahu reiterated his assassination threat against Iranian Supreme Leader Ayatollah Ali Khamenei, stating that he has instructed the military that “no one is untouchable in Iran."
Germany’s producer prices dropped 1.2% year-on-year in May, in line with market expectations, largely due to falling energy prices, official data showed Friday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 20th, covering the latest developments you need to know.
A deadly overnight Russian drone assault on Ukraine’s Black Sea port city of Odesa left one person dead and at least 14 injured, striking residential buildings and key rail infrastructure, according to local authorities.
There are international calls to seek a diplomatic solution amid rising tensions in the Middle East and to prevent Iran from acquiring nuclear weapons. That's according to U.S. Secretary of State Marco Rubio and key international allies who discussed the escalating conflict between Iran and Israel.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
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