SOFAZ delegation explores investment opportunities in Saudi Arabia

A delegation led by Israfil Mammadov, Executive Director of the State Oil Fund of Azerbaijan (SOFAZ), visited Saudi Arabia to expand international cooperation, analyse global financial trends, and explore new investment opportunities, Azernews reports.

During the visit, the delegation met with leaders of major investment and financial institutions, including The Arab Energy Fund, Starwood Capital Group, Gulf Islamic Investments, Investindustrial, Warburg Pincus, Luma Group, CVC Capital Partners, Franklin Templeton, Brookfield Asset Management, BTG Pactual, China Investment Corporation, and FSI (Fondo Strategico Italiano). Discussions focused on expanding joint investment initiatives, entering new markets, long-term capital management, and improving efficiency in global capital flows. Sustainable and responsible investment models and the role of sovereign wealth funds in institutional capital markets were also addressed.

Israfil Mammadov also spoke at a panel on ‘Sovereign wealth and institutional capital in the new economic reality’ during the Future Investment Initiative 2025 (FII9) in Riyadh. He highlighted SOFAZ’s approach to responsible investment, emphasising sustainable governance, effective risk management, long-term value creation, and support for technological innovations and energy transition processes.

Other panellists included Kathy Koch, President and CEO of The TCW Group; Steven T. Mnuchin, former US Treasury Secretary and Founder of Liberty Strategic Capital; Shaoqin Zhang, Executive Vice President of China Investment Corporation; and Manas Krenni, Geoeconomics Editor of The National.

Azerbaijani Foreign Minister meets Omani counterpart to boost bilateral cooperation [PHOTOS]

Azerbaijan’s Foreign Minister, Jeyhun Bayramov, met with Sultan bin Mohammed Al Nomani, Minister of the Royal Office of Oman, as part of his official visit to the country, Azernews reports.

In a post shared on his X account, Bayramov expressed satisfaction with the meeting, noting that the two sides held productive discussions on strengthening relations between Azerbaijan and Oman across multiple areas, including trade, investment, tourism, education, and humanitarian cooperation.

‘Pleased to meet General Sultan bin Mohammed Al Nomani, Minister of the Royal Office of Oman.

We had a constructive exchange on deepening Azerbaijan-Oman ties, highlighting cooperation in trade, investment, tourism, education and humanitarian fields.

We underlined the importance of expanding dialogue and high-level exchanges, as well as strengthening our collaboration within the UN, OIC_OCI and NAM frameworks. We also discussed the current regional situation,’ the post reads.

Trkiye at 102: Century of resilience, renewal, and emerging power

When the Republic of Trkiye was proclaimed on 29 October 1923, few could have foreseen the magnitude of its transformation over the next century. Born from the ashes of the Ottoman Empire, the new republic stood as a symbol of resilience and renewal, i.e., a modern, secular, and independent state under the visionary leadership of Mustafa Kemal Atatrk. One hundred and two years later, Trkiye stands not only as a pivotal power in its own right but as a nation whose influence reaches from Europe to the Middle East, from the Caucasus to the shores of Africa.

The early decades of the Republic were marked by sweeping reforms that reshaped every aspect of life. Atatrk’s revolutionary policies sought to secularise governance, modernise education, and redefine national identity. The introduction of civil law and many other reforms reflected his determination to align Trkiye with modern Western ideals. Ankara became the new capital, a symbolic shift from empire to republic, and the nation embarked on an ambitious journey of state-building and national consolidation.

Despite economic hardships and political turbulence in its formative years, Trkiye managed to assert its sovereignty and neutrality through two world wars, demonstrating remarkable diplomatic prudence. By the mid-20th century, Trkiye had cemented itself as a key regional actor with aspirations of joining the Western security architecture.

In 1952, Trkiye joined the North Atlantic Treaty Organisation (NATO), a turning point that marked its definitive alignment with the Western bloc during the Cold War. Its strategic geography, straddling Europe and Asia, controlling the Bosporus and Dardanelles, made it indispensable to NATO’s southern flank. As the only Muslim-majority member of the alliance, Trkiye became a bridge between civilisations, playing a critical role in intelligence, defence, and counterterrorism cooperation.

The country’s partnership with the United States and Europe deepened throughout the latter half of the 20th century. Though relations have occasionally been tested by differing views on regional policy, Cyprus, or EU accession, Trkiye’s role as a stabilising force has remained constant. Today, Ankara continues to serve as a vital ally for the West, not only in military terms but in energy security, migration management, and regional diplomacy.

New era under President Erdogan and new vision for global Trkiye

Since Recep Tayyip Erdogan first came to power in 2003, Trkiye has undergone a profound political, economic, and geopolitical transformation. Initially serving as Prime Minister and later as President, Erdogan pursued policies that combined economic liberalisation with assertive diplomacy and a renewed sense of national pride.

Under his leadership, Trkiye’s economy expanded dramatically in the early 2000s, fuelled by infrastructure investment, industrial growth, and a dynamic private sector. Major projects, from Istanbul’s new airport to transcontinental energy pipelines, became symbols of ambition and progress. Trkiye has also diversified its foreign partnerships, pursuing a multi-vector policy that maintains ties with NATO while deepening relations with Russia, Central Asia, and the Middle East.

Erdogan’s concept of a ‘strong and independent Trkiye’ reflects a belief that the nation’s destiny lies in regional leadership. Ankara’s proactive foreign policy, sometimes described as ‘strategic autonomy’, has seen Trkiye emerge as a key player in Syria, Libya, the South Caucasus, and beyond.

Trkiye’s long and costly struggle against terrorism has defined much of its modern security policy. The PKK (Kurdistan Workers’ Party), designated as a terrorist organisation by Trkiye, the United States, and the EU, has waged an insurgency since the 1980s. Successive governments have faced the daunting task of balancing internal security with human rights and social cohesion.

In recent years, the Turkish Armed Forces have launched numerous operations both domestically and across the border to dismantle terrorist strongholds and prevent infiltration. These include counterterrorism missions in northern Iraq and Syria, aimed not only at the PKK but also at Daesh (ISIS) and its affiliates. Trkiye’s fight against terror has also had an international dimension; it remains one of the leading NATO members in countering radical networks and preventing the spread of extremism in the Middle East.

Trkiye’s role as a mediator has become increasingly visible in regional crises. Ankara has brokered ceasefires, supported humanitarian corridors, and facilitated dialogue between warring parties, notably in Syria and between Russia and Ukraine. Its pragmatic diplomacy, balancing principle with realpolitik, has earned Trkiye a reputation as both a peacemaker and a power broker.

In the volatile Middle East, Trkiye stands as a force for de-escalation and stability, leveraging its military strength, historical depth, and cultural ties to mediate conflicts and promote reconstruction. The country’s humanitarian outreach, particularly through the Turkish Cooperation and Coordination Agency (TIKA) and the Disaster and Emergency Management Authority (AFAD), underscores its growing influence as a soft power in the Muslim world.

Azerbaijan and Trkiye: One nation, Two states

Among Trkiye’s most enduring alliances is its bond with Azerbaijan, a relationship rooted in shared history, language, and faith. The motto ‘One Nation, Two States’, coined by Azerbaijan’s National Leader, Heydar Aliyev, captures the essence of this brotherhood. From the early years of Azerbaijan’s independence, Trkiye has been its staunchest supporter both politically, economically, and even militarily.

This fraternity reached its zenith during the Second Garabagh War in 2020, when Trkiye stood firmly beside Azerbaijan as it restored its territorial integrity. Joint military exercises, defence cooperation, and energy partnerships, including the Baku-Tbilisi-Ceyhan oil pipeline and the Trans-Anatolian Natural Gas Pipeline (TANAP), have reinforced this alliance as a cornerstone of regional stability.

Beyond geopolitics, the Trkiye-Azerbaijan partnership represents a vision of Turkic unity, now institutionalised through the Organisation of Turkic States (OTS), which embodies cooperation in trade, culture, technology, and security across the Turkic world.

As Trkiye celebrates its 102nd anniversary, it does so with the confidence of a nation that has weathered storms and emerged stronger. From Atatrk’s secular modernism to President Erdogan’s assertive realism, the Republic has shown an extraordinary capacity for adaptation. Its strategic weight, as a NATO ally, regional stabiliser, and bridge between East and West, continues to grow.

With its vibrant democracy, dynamic economy, and unwavering commitment to sovereignty, Trkiye stands as a testament to the endurance of a nation that, time and again, has turned adversity into opportunity. The Republic’s journey from 1923 to 2025 tells not just a story of transformation but of vision, one that continues to shape the course of a region and the destiny of a people.

Locations for new energy storage systems revealed in Azerbaijan

Azerbaijan is taking key steps to develop two major energy storage systems in the Aghdash and Absheron districts, which will operate jointly to support the national power grid and facilitate the integration of renewable energy sources.

As reported by Azernews, Cavid Abdullayev, Director of the State Agency on Renewable Energy Sources under the Ministry of Energy, made the remarks during his speech at the 13th International Caspian Energy Forum in Baku.

Abdullayev noted that by the first quarter of 2026, Azerbaijan is expected to have a large-scale energy storage system in operation.

‘Special discussions are currently underway on the broader use of storage systems,’ he said. ‘As most of our renewable projects are implemented, each will eventually require its own storage capacity. As the share of green energy grows, new challenges emerge for the grid, and we must take proactive measures to address them.’

He added that Azerbaijan is implementing a systematic approach to the production, transmission, and export of green energy, emphasizing that the development of storage infrastructure is a critical component of the country’s clean energy transition.

New Audi A5 is larger and packed with features

The new Audi A5 represents the pinnacle of the automaker’s technological vision, now featuring high-efficiency Mild Hybrid Plus technology in its diesel models for the first time. Built on Audi’s Premium Platform Combustion, which underpins both internal combustion engines and plug-in hybrid models, the A5 seamlessly combines cutting-edge digital systems with dynamic driving performance, Azernews reports, citing Korean media.

All trims come standard with Audi’s signature quattro all-wheel drive and a seven-speed S tronic automatic transmission. Engine options include the A5 40 TFSI quattro with 204 horsepower and 34.67 kilogram-meters (251 lb-ft) of torque, the A5 45 TFSI quattro producing 272 horsepower and 40.79 kilogram-meters of torque, and the high-performance S5 TFSI delivering 367 horsepower and 56.08 kilogram-meters of torque. The A5 40 TDI quattro diesel variant offers 204 horsepower with 40.79 kilogram-meters of torque, now enhanced with hybrid technology in the Advanced and S trims for improved fuel efficiency and reduced vibrations for a smoother ride.

The latest generation A5 is larger and more spacious, measuring 65 mm longer, 15 mm wider, and 25 mm taller than its predecessor. Its sleek coupe-style roofline and a tailgate that extends fully to the rear glass maintain a sporty silhouette while improving cargo accessibility. Across all trims, premium features include a switchable panoramic roof, high-beam assist, welcome lighting, and side mirror projection lights.

Lighting technology has been upgraded across the range: the A5 40 TDI quattro and A5 40 TFSI quattro Advanced feature standard LED headlights and taillights with dynamic turn signals. The S line adds Matrix LED technology with dynamic turn signals, while the Black Edition and S5 TFSI offer Matrix LED headlights and digital OLED taillights. Drivers can further personalize the lighting with eight customization options.

The interior combines sustainable premium materials with an ergonomically designed softwrap, offering a class-leading level of comfort and technology. Standard across trims are ventilated sport seats, dual-layer laminated windshields, heated seats for all occupants, ambient lighting, and a trunk partition net.

The S trim adds the Dynamic Interaction Light feature, while the S Black Edition amplifies the sporty feel with the S interior package, including S-logo embossed sports seats, stainless steel pedals, illuminated S-logo aluminum door sills, and black aluminum accents via the Vanadium package. The S5 TFSI goes further with Nappa leather Sports Seat Plus, red seat accents, Dinamica Package, Vanadium Package, and Carbon Micro Twill inlays.

Audi’s Digital Stage infotainment system offers either an 11.9-inch Virtual Cockpit Plus or a 14.5-inch MMI touch center display, with the S and S Black Edition featuring an additional 10.9-inch front passenger display. The Audi Application Store provides AI-based Audi Assistant and popular apps including YouTube, Spotify, and Naver Maps, keeping drivers both connected and entertained.

The A5 lineup includes seven trims: A5 40 TFSI quattro Advanced, A5 40 TFSI quattro S Line, A5 40 TFSI quattro S Line Black Edition, A5 45 TFSI quattro S Line, A5 40 TDI quattro Advanced, A5 40 TDI quattro S Line, and the S5 TFSI. Optional packages include the Tech Package with a head-up display and Bang and Olufsen sound system, standard on the S trim; the Brown Seat Package with nutmeg brown seats and a black headliner; and the Front Seat Headrest Speaker Package for the S trim, allowing for extensive personalization.

In short, the new Audi A5 blends luxury, efficiency, and technology, offering drivers a fully modern sedan experience that balances sporty performance with comfort, style, and cutting-edge digital innovations. It’s a car designed not just to drive, but to interact with and enhance the driver’s lifestyle.

Masterclass by People’s Artist Zahra Guliyeva held in Barda [PHOTOS]

The “Wind of Culture” project continues in the Garabagh region, organized by the Culture Ministry’s Scientific, Methodological and Qualification Center for Culture (MEMIM) under the Azerbaijan Culture Ministry, Azernews reports.

As part of the project, which is supported by the Garabagh Regional Department of Culture, a masterclass was held on October 27 at the Barda City Children’s Art School No. 1, featuring Zahra Guliyeva, People’s Artist of Azerbaijan, professor at the Baku Music Academy, and a renowned violinist.

At the beginning of the event, Farid Hajiyev, an employee of the sector for cultural institutions at the Garabagh Regional Department of Culture, expressed gratitude for the organization of the masterclass, stressing that such projects contribute to the development of talented children and youth in the respective fields.

Lala Karimova, head of the MEMIM Department and Honored Worker of Culture, in her speech, highlighted that the purpose of the masterclass was to enhance the musical taste of students and instil professional skills in them.

Subsequently, students from the Barda City Children’s Art School No. 1 and the Children’s Music School No. 2 of Barda city performed at the event.

People’s Artist Zahra Guliyeva drew the participants’ attention to interesting aspects of violin playing technique and offered her recommendations.

The professor also answered questions from teachers and students in detail.

At the end of the event, Zahra Guliyeva gifted the art school with her books.

Media partners of the event are Azernews.Az, Trend.Az, Day.Az, and Milli.Az.

President Ilham Aliyev: Victory Day is brightest page in our history

‘Exactly five years ago, this territory (Horovlu village) was liberated from occupation, and this glorious history will always live in our hearts,’ said President Ilham Aliyev during his meeting with residents of Horovlu village in Jabrayil district, Azernews reports.

Stating that in a few days Azerbaijan will celebrate the fifth anniversary of its historic Victory, the head of state emphasized: ‘November 8 – Victory Day – stands as the brightest page in our history. Five years ago, our historic Victory reverberated across the world.’

Pezeshkian praises productive ECO Summit held in Azerbaijan

The Economic Cooperation Organization (ECO) Summit held in Khankendi, Azerbaijan, was a meeting where important and practical proposals were put forward, Iranian President Masoud Pezeshkian said.

As reported by Azernews, President Pezeshkian made the remarks during the meeting of interior ministers of ECO member states held today in Tehran.

He noted that the ECO represents decades of collective effort by its member countries toward strengthening economic solidarity, and that the organization has achieved remarkable progress in this direction.

The Iranian President also emphasized that numerous untapped opportunities still remain. ‘Fortunately, member states continue to demonstrate strong political will to deepen and expand future cooperation,’ Pezeshkian added.

For reference, the 17th ECO Summit took place in July in Khankendi, Azerbaijan.

Russia will never forget N. Korean soldiers’ aid, says Lavrov

Russian Foreign Minister Sergey Lavrov stressed on Monday that his country will never forget the help it received from North Korean soldiers in what he described as the liberation of the Kursk region from Ukraine, Azernews reports.

Speaking during a meeting with his North Korean counterpart, Choe Son-hui, in Moscow, Lavrov noted that “those deeds will, of course, further strengthen the bonds of friendship and historical commonality in our shared struggle for justice.”

He also underscored the boost that the relations between Russia and North Korea have experienced since their respective leaders, Vladimir Putin and Kim Jong-un, met in June 2024.

Furthermore, Lavrov confirmed that both he and Choe will attend the III Minsk International Conference on Eurasian Security, which will be held in the Belarusian capital on October 28 and 29.