IsDB Deal Flow: Azerbaijan’s private-sector track at the Islamic Development Bank Group annual meetings in Baku drew $4.7bn in signed agreements and memoranda, up 30% year-on-year, with projects spanning Karabakh irrigation, a SOCAR private equity partnership, SME financing, and a new multi-year country strategy framework. Telecom Route Diversification: AzerTelecom and Telecom Armenia signed a commercial internet traffic transit deal, routing Armenia-bound international traffic through Azerbaijan to boost reliability and route diversity in the South Caucasus. NGO Financing Overhaul: Azerbaijan approved “single window” rules for state support to NGOs, centralizing coordination via the Agency for State Support to Non-Governmental Organizations and using an e-government information system for transparent competitive and non-competitive funding. Azerbaijan–Turkmenistan Diplomacy: Presidents Ilham Aliyev and Serdar Berdimuhamedov delivered press statements after expanded talks in Baku, reaffirming cooperation momentum. Energy Projects Abroad: Serbia and SOCAR moved toward a Niš gas power plant joint venture as planning documentation advances toward a shareholder agreement. Caspian Under Pressure: New research highlights shrinking Caspian Sea levels driven by reduced river inflows and human water management, with growing ecological and economic risks. Air Connectivity: AZAL added a fourth Airbus A320neo to its fleet as it pushes fleet growth and route expansion.