20.07.2018
Oil price rises

During the NYMEX electronic trading operations, the WTI crude oil rose by $0.29 or 0.42% to $69.75 a barrel, APA-Economics reports.

Azerbaijan’s Energy Ministry with the support of the Asian Development Bank (ADB) is planning to implement a joint pilot project to create a system of floating solar panels (floating PV system), the ministry said in a message July 18.

President of the Republic of Azerbaijan Ilham Aliyev and President of the Italian Republic Sergio Mattarella have attended the inauguration of a polypropylene plant constructed in Sumgayit Chemical Industrial Park under SOCAR Polymer project.

An auction for placement of short-term notes worth 300 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on July 18, the BSE said.

In order to increase the government’s leading role in creation of favorable business environment, draft decree of Azerbaijani President was prepared on establishment of Competition Authority.

Today, a bilateral currency auction was held at the Central Bank, in which SOFAZ also participated.

State Oil Fund of Azerbaijan (SOFAZ) transferred AZN 2,299,000,000 to the state budget in the first quarter of 2018, AZN 4,608,000,000 I the second quarter, SOFAZ told APA-Economics.

17.07.2018
Oil prices go up

During the NYMEX electronic trading operations, the WTI crude oil rose by $0.02 or 0.03% to $68.08 a barrel, APA-Economics reports.

Azerbaijan’s GDP volume reached almost 37.01 billion manats in January-June 2018 that is 1.3 percent more than in January-June 2017, according to a report of the State Statistics Committee.

The Central Bank of Azerbaijan (CBA) has announced result of today’s auction.

Canada’s Zenith Energy company has appointed David Sadoway to the position of Operations Manager of Zenith Aran, its fully-owned Azerbaijan subsidiary, effective September 1, 2018, the company told Trend.

The prices for main precious metals in Azerbaijan have decreased July 16, according to the data published by the country’s Central Bank.

16.07.2018
Oil prices go down

During the NYMEX electronic trading operations, the WTI crude oil fell by $0.44 or 0.62% to $70.57 a barrel, APA-Economics reports.

The KazPrime indicator did not change on July 12, 2018, compared to the previous trading day and amounted to 10 percent per annum, Kazakh Stock Exchange said in a message.

12.07.2018
Oil prices go up

During the NYMEX electronic trading operations, the WTI crude oil rose by $0.44 or 0.63% to $70.82 a barrel, APA-Economics reports.

Plato Capital International Holdings Limited has opened an office in Murtuza Mukhtarov str. 203A, Yasamal district, Azerbaijan.

9.07.2018
Oil prices go up

During the NYMEX electronic trading operations, the WTI crude oil rose by $0.27 or 0.37% to $74.07 a barrel, APA-Economics reports.

Moody's Investors Service has today changed to positive from negative the outlook on B3 long-term local- and foreign currency deposit ratings of OJSC XALQ BANK (Xalq Bank) (Azerbaijan) and affirmed these ratings.

The Central Bank of Azerbaijan (CBA) will hold a hybrid deposit auction to attract funds on July 9, the CBA said.

The Dow Jones stock index has risen by 0.75% to 24,356.74, S & P 500 increased by 0.86% to 2,736.61 and NASDAQ by 1.12% to 7 586.43.

 
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