AGP Executive Report
Last update: 11 hours agoSukuk Push for Capital Markets: Azerbaijan is preparing its first-ever sukuk issuance, a move Central Bank Governor Taleh Kazımov flagged at the Islamic Development Bank (IsDB) forum—aimed at broadening local capital-market options. Hormuz Toll Shock: US President Donald Trump says there will be no fees for Strait of Hormuz passage during a 60-day ceasefire, while Iran’s IRGC simultaneously announced a closure of the strait to maritime traffic—raising new risks for energy flows and trade. Trade & Transit in Focus: Azerbaijan continues acting as a logistics bridge, with Russia sending grain to Armenia via Azerbaijan and Azerbaijan announcing diesel shipments as well. Industrial Momentum: Azerbaijan’s industrial production rose in Jan–May 2026, with industrial goods worth 27.5bn manat produced (0.2% real growth). IsDB Dealflow in Baku: The IsDB Group’s annual meetings and private sector forum in Baku wrapped up with multiple initiatives, including startup pitching and private-sector cooperation. Regional Diplomacy: Azerbaijan and Uzbekistan discussed allied relations and cooperation across trade, investment, transport and logistics.
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