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.
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A total of 270 Russian servicemen and 120 civilians, including some from the Kursk Region, have been returned to Russia as part of a large-scale prisoner exchange with Ukraine, the Russian Defense Ministry announced on Friday.
German Chancellor Friedrich Merz has urged Chinese President Xi Jinping to support international efforts aimed at securing a ceasefire in Ukraine, during their first official phone conversation since Merz took office.
U.S.-based private equity firm Redbird Capital Partners has reached an agreement to acquire the UK’s Telegraph Media Group for £500 million, becoming the sole owner of the 170-year-old newspaper and ending a prolonged period of financial and ownership instability.
The settlement of Radkivka in Ukraine's Kharkiv region was captured in an operation, according to the Russian Defence Ministry.
President Donald Trump on Friday threatened a 25% import tax on iPhones made outside the U.S. and called for a 50% tariff on all EU imports starting in June, pressuring Apple and escalating his broader trade stanc
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