Day: June 23, 2026

The Islamic Development Bank’s 51st Annual Meeting closed in Baku with a record-breaking pipeline of signed agreements, a $2.8bn single-session approval round, and a set of bilateral meetings that brought the finance ministers of Saudi Arabia and Kuwait, and the heads of seven major Arab development institutions, into direct conversation with Azerbaijan’s leadership. The transactions deserve closer examination than the headline figures suggest.

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The deal envisages Paris and Berlin holding equal stakes in the maker of tanks and other military gear, at a time when the continent is contending with a hostile Russia and worsening US ties, AzerNEWS reports.