CASPIAN BUSINESS NEWS - The business news of the Caspian Sea Region

Azerbaijan Airlines to purchase three Boeing planes

Closed joint stock company Azerbaijan Airlines (Azal) has signed a new agreement with American corporation Boeing on the purchase of aircrafts.

Boeing reports that in compliance with the new contract Azerbaijan will be delivered one passenger plane Boeing-767-300-ER and two cargo planes 767 Freighter instead of two planes Boeing-737-900-ER, the purchase of which was previously expected. The contract cost is not disclosed as well as timing of their delivery to Azerbaijan.

Posted by CBN Staff on 30 Jul 2010 [04:32] | Tell a friend | Comments 0

Azerbaijan's President calls national media to patriotism

President Ilham Aliyev of Azerbaijan has used the 135th anniversary of the national press for the declaration of the state information policy.

Addressing to the Press Council, President Aliyev claimed that attempts to create in Azerbaijan an opinion about any subject to order of outer circles and on the basis of their general plans must be stopped.

"Here, I simply urge journalists to patriotism. We must not allow Azerbaijan to become an arena of confrontation of any external forces and interests,” he said.
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Posted by CBN Staff on 30 Jul 2010 [04:32] | Tell a friend | Comments 0

Azerbaijan and Turkmenistan agree on zero quota of sturgeon caviar export in 2010

The Secretariat of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has published today the export quotas for caviar and other sturgeon products agreed by the Caspian States for 2010.

The Secretariat informs that the 2010 quotas were agreed by Azerbaijan, the Islamic Republic of Iran, Kazakhstan, the Russian Federation and Turkmenistan during a meeting held in Tehran.
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Posted by CBN Staff on 30 Jul 2010 [04:22] | Tell a friend | Comments 0

EBRD, EIB & WB express interest to upgrade storage and transit of gas to Ukraine

The European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB) and World Bank announced receipt of expressions of interest for consultations in preparation for upgrading storage and transit of gas to Ukraine.

According to the EBRD, the interest will be accepted until 5 pm at London time on 20 August. The consultant is selected within EBRD, EIB & WBG project worth 2bn Euro on behalf of NAK Naftogaz of Ukraine.
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Posted by CBN Staff on 30 Jul 2010 [04:20] | Tell a friend | Comments 0

Cameron 'anger' at slow pace of Turkish EU negotiations

David Cameron has promised to "fight" for Turkey's membership of the European Union, saying he is "angry" at the slow pace of negotiations.

On his first visit as prime minister, he said the country could become a "great European power", helping build links with the Middle East. He compared hostility to the membership bid in some parts of the EU with the way the UK's entry was once regarded.
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Posted by CBN Staff on 30 Jul 2010 [05:50] | Tell a friend | Comments 0

EU & Canada tighten sanctions against Iran

EU foreign ministers have adopted tougher sanctions targeting Iran's energy sector, in an effort to block its controversial nuclear programme.

There are new restrictions on foreign trade, financial services and the oil and gas sectors, the backbone of Iran's economy. Officials said the package was "by some way the most far-reaching sanctions adopted by the EU against any country".
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Posted by CBN Staff on 30 Jul 2010 [05:48] | Tell a friend | Comments 0

Abu Dhabi International Petroleum Exhibition & Conference

ADIPEC Partners with Etihad Airways for 2010

Press Release 22 June; ADIPEC 2010, Abu Dhabi International Petroleum Exhibition & Conference, one of the world’s largest events for the energy industry, has announced Etihad as its Official Airline for this year’s event.

Taking place at Abu Dhabi National Exhibition Centre from 1-4 November, ADIPEC will bring thousands of exhibitors and visitors to the UAE capital. The partnership with Etihad aims to provide as much support as possible to those travelling from across the globe to attend. Excellent discounts of up to eight percent will be available to anyone who books their Etihad flights to and from Abu Dhabi through the ADIPEC website for the event in November.
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Posted by Naseer Ahmad Virk on 30 Jul 2010 [06:35] | Tell a friend | Comments 0

David Cameron begins Indian trade drive

David Cameron has begun a two-day visit to India with the aim of strengthening relations and creating jobs in the UK.

The prime minister is leading what Downing Street describes as the largest UK trade delegation in living memory. Beginning his tour in Bangalore, Mr Cameron will say he wants to make the UK the "partner of choice" for India.
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Posted by CBN Staff on 30 Jul 2010 [05:20] | Tell a friend | Comments 0

Google cleared of Wi-Fi snooping

Wi-Fi (Wireless Fidelity)

Google did not grab "significant" personal details when collecting data from Wi-Fi networks, according to the UK's Information Commissioner Office (ICO).

The finding came after the body reviewed some of the data Google scooped up from unsecured networks. Google said the data was "mistakenly" gathered while logging Wi-Fi hotspots to help with location-based services.
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Posted by CBN Extra Staff on 30 Jul 2010 [05:01] | Tell a friend | Comments 0

Nokia Siemens to acquire majority of Motorola's wireless network infrastructure assets

Nokia Siemens Networks (NSN) said Monday July 26 it is buying the majority of Motorola's wireless network infrastructure assets, in a move aiming to improve the NSN's global competitiveness in wireless technology. Read more >

Posted by CBN Extra Staff on 30 Jul 2010 [05:00] | Tell a friend | Comments 0

GB's Turner and Sharman reach European hurdles semis

European Athletics Championships 2010, Venue: Barcelona Dates: 27 July - 1 August

Great Britain's Andy Turner and Will Sharman both qualified for the semi-finals of the men's 110m hurdles at the European Athletics Championships.

Turner, ranked third in Europe in 2010, won his heat in 13.48 seconds after European champion Stanislav Olijar had been disqualified for a false start. Sharman, who beat Turner in the trials, finished third in his heat in 13.60.
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Posted by CBN Staff on 30 Jul 2010 [06:04] | Tell a friend | Comments 0

Shin secures Evian Masters title to regain world number one status

South Korea's Jiyai Shin made birdie on the final hole to secure the Evian Masters title and regain her crown as the world's number one female golfer.

Shin's putt completed a sparkling five-under-par round of 67 and meant overnight leader Morgan Pressel had to sink her own birdie putt on the last to force a playoff, but her effort narrowly missed.
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Posted by CBN Staff on 30 Jul 2010 [06:01] | Tell a friend | Comments 0