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The documentary "Crude & Ink: Stories Written in Oil", jointly produced by SOCAR and AnewZ television channel, was premiered at the Nizami Cinema Center, Report informs referring to SOCAR. The event was attended by Leyla Aliyeva, Vice President of the Heydar Aliyev Foundation, government officials, members of the dipl…
Stock value at record $206.23 intraday post-interims. Quarterly revenue up 42%, operating profit up 55%. A freight market delivering disruption, scarcity, and an AI infrastructure boom. Expeditors’ new chief executive has produced extraordinary results – however, the real test may be what happens when the market stops…
In the first three quarters of 2026, total production from the Azeri-Chirag-Deepwater Gunashli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea was on average about 320,000 barrels per day (b/d), or about 87 million barrels or 12 million tonnes in total. Report informs that, according to the business…
Azerbaijan aims to keep its public debt-to-GDP ratio stable over the next four years, Finance Minister Sahil Babayev said at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, where the 2027 state budget package was discussed. He said the public debt-to-GDP ratio is expected to …
EUROPE: As the European rail landscape undergoes a period of profound transformation, the 2026 Railway Gazette Summit will be debating opportunities for building a resilient, competitive and sustainable railway sector. A detailed programme can be found here . Hosted by Railway Gazette International Executive Editor Ni…
The Central Asian region is one of Azerbaijan's priority destinations for partnership, according to Azerbaijani Deputy Minister Samad Bashirli, Report informs, citing the Ministry of Economy. Speaking at the Second Tianshan Forum on Expanding Sustainable Connectivity and Quality Investments in Central Asia, organized …
The Asian Development Bank (ADB) has presented an updated approach to regional cooperation and integration, setting the task to increase the share of operations aimed at supporting cross-border initiatives to 30% by 2030, Report informs citing the ADB. "Intensifying trade barriers and geopolitical tensions are putting…
The remaining matches of round 4 in the UEFA Champions League (UCL) league phase will be played today. According to Report , nine more matches are scheduled to take place during the day. As part of the round, Azerbaijan"s Sabah will play away against Viking in Norway. Türkiye's Fenerbahce will host Liverpool. At the s…
This week’s round-up of news from the global urban rail transport sector, from Railway Gazette International . On October 29 Wuhan opened two more sections of its metro network. The second phase of Line 12 between Gangduhuayuan and Moshuihu Park via the north and west of the city joins the two ends of Phase 1 opened o…
A passenger aircraft flying from Serbia's capital, Belgrade, to Moscow, the capital of Russia, was forced to turn back due to security concerns and landed at Nikola Tesla Airport. According to Report 's Balkan bureau, the Nova.rs portal announced the incident. The JU134 flight took off from Belgrade at 18:48 local tim…
The opening day of the fourth round of the UEFA Champions League (UCL) league phase took place on November 3. According to Report , nine matches were played on the opening day of the round. As part of the round, Turkish club Galatasaray defeated Stuttgart 2-0 at home, Barcelona beat Aston Villa in Spain, while Villarr…
A consortium led by US billionaire Todd Boehly is preparing to acquire sanctioned Russian oil producer Lukoil's international assets through a securities swap, with a deal expected within weeks, Report informs, citing Reuters. A bank acting for the consortium has bought billions of dollars of frozen Lukoil securities …
Peace between Armenia and Azerbaijan and closer regional cooperation are creating new opportunities for the South Caucasus, particularly in logistics and international transportation, Armenian Prime Minister Nikol Pashinyan said, Report informs. Speaking at the "Future of Europe" summit organized by Euronews in Brusse…
INDIA: The 23.3 km Pune Metro Line 3 (Pink) was inaugurated by Prime Minister Narendra Modi via video link on November 3, with passenger services scheduled to start the following day. Developed by a joint venture of Siemens and Tata under a PPP agreement, the elevated line with 23 stations is intended to halve travel …
Trade between Azerbaijan and Italy totaled $9.1888 billion in January–September 2026, up 3.1% from the same period last year, Report informs, citing the State Customs Committee. Azerbaijan's exports to Italy rose 3% to $8.7899 billion, while imports from Italy increased 6.6% to $398.9 million. Italy accounted for 24.6…
The closure of the Strait of Hormuz has cost Europe €127 billion due to higher fossil fuel prices, Ursula von der Leyen said on Tuesday, amid fears of a re-escalation of conflict in the region, Report informs referring to Rapporteur. Speaking at an event in Brussels, the European Commission president said that the sur…
Armenian Prime Minister Nikol Pashinyan has appointed Amik Sayadyan as military attaché at the country"s embassy in China. According to Report , citing Armenian media, the relevant decision was published on the government"s official portal. Sayadyan has been appointed to the position for a three-year term. He is sched…
A new wave of cyberattacks targeting supermarket refrigeration systems has hit Europe, just weeks after a similar large-scale attack in France. According to Report 's European bureau, the incidents have affected several countries across continental Europe, as well as Ireland. Speaking at a briefing in Brussels on Nove…
The State Oil Company of Azerbaijan (SOCAR) and Kazakhstan's KazMunayGas (KMG) have discussed increasing the volumes of Kazakh oil transported through Azerbaijan, SOCAR said in a statement, Report informs. SOCAR President Rovshan Najaf met with Chairman of the Management Board of KazMunayGas Askhat Khassenov today. Th…
Union Pacific led the way on the North American containerised rail freight front over the three months to October, amid all the noise surrounding its pending acquisition of Norfolk Southern – but it was not alone in enjoying a bountiful summer. In general, North American intermodal operators benefited from an upswing …
Azerbaijan Railways (ADY) management has met with representatives of major freight customers to discuss infrastructure upgrades, fleet expansion, digital services and future cooperation, the company told Report . The meeting aimed to brief business partners on ADY's freight operations and results, hear their proposals…
Uncertainty has led shippers to move an increased amount of inventory across inland markets versus port markets, according to experts, but it may not necessarily translate to a shift in demand.
Californians head for the polls today to decide on Charter Amendment PRT – a package of changes affecting Los Angeles’s airports, harbour, and Department of Water and Power, including new workforce disclosure requirements for leases at the port. The measure would require applicants for certain new Harbor Department le…
Qatari Foreign Ministry spokesman Majed al-Ansari says efforts to bridge the gap between the US and Iran are ongoing with both countries studying proposals presented for a possible resolution to the conflict, Report informs referring to Al Jazeera. Al-Ansari said all GCC states agree that the US-Iran conflict must not…
Growing ecommerce imports are reshaping Latin America’s air cargo networks, but have yet to resolve the region’s directional imbalance, with LATAM Cargo reporting that declining industrial shipments are offsetting some of the gains. Speaking to The Loadstar at TIACA’s Air Cargo Forum in Miami last week, LATAM Cargo gr…
A study on the history of Alagoz, an Azerbaijani village in present-day Armenia left depopulated following the expulsion of its Azerbaijani residents in the late 1980s, has been published under the "Sites of Memory of Western Azerbaijan" project. Report informs that the article appeared in Perished Civilization . The …
All the mainline operators look set to resume Suez Canal transits for their Asia-North Europe and Asia-Mediterranean services. Taiwan’s Evergreen will join its Ocean Alliance partners in doing just that this week, while Yang Ming and South Korea’s HMM will join their Premier Alliance partners restarting Suez crossings…
UK: Organisations across the UK rail and metro sectors have until 23.55 on November 13 to submit entries for the next Rail Business Awards , which will take place on March 11 2027 in Newcastle-upon-Tyne. Established as the first national awards for the UK railway sector, the prestigious Rail Business Awards recognise …
Bread-and-butter deal-making, typically in the $250m-$1bn range, is surging. As you may have noticed Yesterday, DeskOne highlighted another M&A trifecta coming our way, right after ‘Merger Week Delight: Scan + OIA; Boluda + Samskip; Contship + Tarros‘, from a few days ago. And the deal struck down under by US-based AI…
Adani Ports raised its guidance on growth that increasingly comes from outside India; walked away from Associated British Ports; has reportedly made a binding offer of about $3.3bn for European terminal operator EVOS; and has set up a company in Oman as the Port of Salalah prepares to change operator – with the US cas…