Category: Government & Politics

Oil climbs after drone attack in Iran, China’s pledge to promote consumption

Oil prices climbed in early Asia trade on Monday, supported by tensions in the Middle East following a drone attack in Iran and as Beijing pledged over the weekend to promote a consumption recovery which would support fuel demand, Trend reports with reference to Reuters. Brent crude futures rose 54 cents, or 0.6%, to $87.20 a barrel by 0115 GMT while U.S. West Texas Intermediate crude was at $80.22 a barrel, up 54 cents, or 0.7%. “It is not really clear yet what’s happening in Iran, but any escalation there has the potential to disrupt crude flow,” said Stefano Grasso, a senior portfolio

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EU restrictions on import of Russian oil to trigger demand spike for Azerbaijani crude

BAKU, Azerbaijan, December 29. The EU’s embargo on Russian oil will trigger demand spike for Azerbaijani crude from the European countries, Philipp Lausberg, Policy Analyst in the Europe’s Political Economy program at the European Policy Centre (EPC) told Trend. “The EU’s embargo on Russian oil will increase European demand for oil from other countries. Virtually all other oil producing countries apart from Russia are likely to benefit from rising European demand for their crude and possibly from higher prices. This includes Middle Eastern, African and Latin American oil exporters, as well as Azerbaijan,” he said. According to the expert, demand for Russian

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Another Airbus 380 to arrive in Baku for passengers of Singapore-London flight

BAKU, Azerbaijan, December 25. Another Airbus 380 of Qantas Airways, a plane of which had made an emergency landing at the Heydar Aliyev International Airport, arrived for the passengers of the Singapore-London flight, Trend reports citing the Airport. The passengers will fly from Baku to the destination on this aircraft early this morning. Meanwhile, on December 23, the captain of the A380 two-deck airliner requested landing at the Baku airport from the airspace over the territory of Georgia. The cause for the emergency landing was the triggered smoke sensor in the cargo compartment of the aircraft. Baku airport is one of the

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Azerbaijani minister highlights strategies of creating concept of ‘smart’ cities, villages

BAKU, Azerbaijan, November 29. Azerbaijan has studied the experience of such countries as Singapore, the United Arab Emirates, Germany and others to create the concept of ‘smart cities’ in the liberated territories, the Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev told reporters, Trend reports on November 29. According to Nabiyev, the concept of ‘smart cities’ is being prepared in accordance with local requirements and conditions. “Our approach proceeds from the fact that the same concept cannot be applied to cities located in various districts. Besides, the matter of sustainability and expediency of investing public funds in a particular case is also

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Kazakhstan names new ambassadors to Switzerland, Austria and Singapore

President of Kazakhstan Kassym-Jormart Tokayev appointed new ambassadors to Switzerland, Austria and Singapore, the Akorda press service said on October 21, Trend reports citing Kazinform. President of Kazakhstan decreed to appoint Alibek Bakayev as the Extraordinary and Plenipotentiary Ambassador of Kazakhstan to Austria, Permanent Representative of Kazakhstan to the international organizations in Vienna and relieved him of his duties as the Extraordinary and Plenipotentiary Ambassador of Kazakhstan to the Swiss Confederation, Extraordinary and Plenipotentiary Ambassador of Kazakhstan to the Principality of Liechtenstein, State of the City of Vatican, the Sovereign Military Hospitaller Order of Saint John of Jerusalem, of Rhodes and of Malta

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Oil prices climb as investors seek riskier assets, China demand boost

Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into more risky assets such as commodities amid gains in broader equity markets and on signs of renewed demand from top oil importer China, Trend reports with reference to Reuters. Brent crude futures for December settlement rose 46 cents, or 0.5%, to $90.49 a barrel by 0455 GMT. U.S. West Texas Intermediate crude for November delivery was at $83.69 a barrel, up 87 cents, or 1.1%. WTI’s front-month contract expires on Thursday and the more active December contract was at $82.89, up 82 cents, or 1.0%. In the previous

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Last round of International Debate Championship held in Uzbekistan

According to the memorandum recently signed between the Eurasian Regional Center of the Islamic Cooperation Youth Forum (ICYF-ERC) and the Youth Affairs Agency of the Republic of Uzbekistan, the next round of the ICYF-ERC International Debate Championship was held in Tashkent with the organization of both institutions and the support of the Youth Union of Uzbekistan, Youth Entrepreneurship Support Center of Uzbekistan and Westminster International University in Tashkent. It should be noted that this is the last event held under the program of the International Debate Championship held by ICYF-ERC this year. Teams, selected for their special talent and activity, representing 8

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