No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 8, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Azerbaijan sought Erdogan-Netanyahu summit in Baku

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 4 mins read
A A
Azerbaijan sought Erdogan-Netanyahu summit in Baku
Share on FacebookShare on TwitterShare on LInkedIn


Azerbaijan has positioned itself during the war as Israel’s closest Muslim friend and has refrained from criticizing military actions, while supplying oil and even inviting Prime Minister Benjamin Netanyahu to visit Baku. Sources tell “Globes” that until most recently, Azerbaijan has been pushing for a three-way summit in Baku with President Ilham Aliyev hosting Netanyahu and Turkish President Recep Tayyip Erdogan.

The recent decision to prevent Netanyahu’s plane from flying over Turkish airspace not only ended hopes of such a summit but also led to the postponement of Netanyahu’s visit to Baku. The prime minister’s bureau declined to comment on the matter.

This is not the first time that Erdogan, who has imposed a trade embargo on Israel, has taken such a step. In November, he prevented the plane carrying President Isaac Herzog from flying over Turkish airspace to the UN Climate Change Conference in Baku. These two actions demonstrate Erdogan’s lack of readiness to agree to Aliyev’s initiative because of anti-Israel sentiment in Turkey.

The Abraham Accords are the target

With Donald Trump’s return to the White House, Azerbaijanis began to voice their desire to integrate into the Abraham Accords – an ostensibly strange aim because the Abraham Accords are based on normalization between Israel and countries with which it did not previously have full diplomatic relations – the UAE, Bahrain and Morocco. However, “Globes” can reveal that behind the Azerbaijani thinking is that The Abraham Accords also include the US, and Baku believes that through them the “dam” that exists between them and the US defense industries will be released.

Azerbaijan suffers from difficulties with defense imports from the US. Initially, following the first Karabakh war in the early 1990s, the US banned the sale of weapons to Azerbaijan and Armenia. These restrictions lasted for about a decade, but traditionally Armenia is more favored by the Americans due to the powerful Armenian lobby in Washington.

Thus in November 2023, Congress passed a law called the “Armenia Defense Act of 2023,” which blocks any possibility of the Secretary of State permitting defense sales to Azerbaijan. This was during the Biden administration but since Trump returned to the White House, US envoy Steve Witkoff has already visited Baku. Although this has not led to Azerbaijan joining the Abraham Accords, “Globes” has learned that top officials from US defense giants, like Lockheed Martin and RTX, are already holding meetings in Baku, in the hope that Aliyev’s move will materialize and they will be able to reach approved deals in Washington.





RELATED ARTICLES




Azerbaijan’s SOCAR set to sign Israel gas exploration agreement


Azerbaijan tax breaks tempt Israeli tech firms to relocate


Azerbaijani oil continues flowing to Israel via Turkey


Azerbaijan to procure Sky Dew system from Israel – report






If the move is implemented, the Israeli defense industry could be harmed, as it is a major weapons supplier to Azerbaijan, which invests 5% of GDP in the defense budget. However, senior Baku officials are also working to deepen defense cooperation with Israel. As part of talks with the Defense Ministry, Azerbaijan is striving to have Israeli defense industries transfer as many production lines as possible to its territory to improve technological knowhow and diversify the economy.

The Israel connection

The relationship between Turkey and Azerbaijan is one of the closest that Ankara has and is based on the idea of “one nation, two states.” Azerbaijanis are a Turkic people, like Kazakhs and Uzbeks, but closer than all to Turkey – hence the depth of the connection. In addition, the parties have common interests. The very close connection between Aliyev and Netanyahu and between him and Erdogan has led to several rounds of discussions in Baku between senior Israeli and Turkish officials, mediated by Azerbaijanis.

The authorities in Azerbaijan under Aliyev’s leadership have undergone a fundamental change. Following the final defeat of Armenia and the return of all of Karabakh in September 2023, senior Baku officials came to the realization that attention should be paid to sustainable development in a number of areas. This is reflected, for example, in “Globes” report that the Innovation and Digital Development Agency of Azerbaijan (IDDA) is offering Israeli startups that relocate to the country a full exemption from corporate tax, property tax, land tax, and dividends tax for a decade.

Moving closer to the US

When it comes to foreign policy vis-à-vis the US, Azerbaijan believes that the road to Washington passes through Israel. As first reported by “Globes,” Azerbaijan’s oil and gas company, SOCAR, acquired a 10% stake in the Tamar offshore gas field from Israeli businessman Aaron Frenkel in January. US giant Chevron has a 25% stake in Tamar, and it is well known that US President Donald Trump has deep ties to senior figures in the US energy industry.

SOCAR was not satisfied with just the Tamar field and in March signed up with Israel’s Ministry of Energy and Infrastructure for gas exploration licenses in Israel as part of a consortium in which SOCAR is the operator, alongside its partners BP and Israel’s NewMed Energy (TASE: NWMD). The licenses were awarded to the winning group in Cluster I, which covers an area of 1,700 square kilometers in Israel’s northern economic waters.

When SOCAR approached the Israeli gas market, it looked, among other things, at the ability to connect a pipeline to Turkey. Of the approximately 10.09 BCM produced from the Tamar reservoir in 2024, 34% was sold to Jordan – the Hashemite Kingdom is crossed from south to north by the Fajr gas pipeline, which connects to Syria as far as Homs and from there branches off to Tripoli in Lebanon and Banias in western Syria. According to estimates, the cost of connecting from Homs to the Turkish gas infrastructure would be about $200 million, a sum that is not expensive in industry terms. Now, with the historic meeting between the US President and his Syrian counterpart Ahmed al-Sharaa, Azerbaijan hopes that it “bet” correctly.

Published by Globes, Israel business news – en.globes.co.il – on May 15, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: AzerbaijanBakuErdoganNetanyahusoughtSummit
ShareTweetShare
Previous Post

The Tax Consequences of Winning the Lottery or a Big Prize

Next Post

Shapir wins tender for western entrance to airport

Related Posts

edit post
The government shutdown’s negative impact on the travel economy tops B (JETS:NYSEARCA)

The government shutdown’s negative impact on the travel economy tops $1B (JETS:NYSEARCA)

by TheAdviserMagazine
October 8, 2025
0

Oct. 08, 2025 2:22 PM ETU.S. Global Jets ETF (JETS)JBLU, LUV, ALK, SKYW, ALGT, DAL, UAL, AAL, MESA, SNCY, ULCCBy:...

edit post
Inside PepsiCo’s beverage overhaul: a Gatorade reboot, the  billion Poppi buy, and a gut-health play, all under activist scrutiny

Inside PepsiCo’s beverage overhaul: a Gatorade reboot, the $2 billion Poppi buy, and a gut-health play, all under activist scrutiny

by TheAdviserMagazine
October 8, 2025
0

As a trained engineer, Ram Krishnan loves to nerd out on the science of Gatorade.The CEO of PepsiCo’s U.S. Beverages...

edit post
YZi Labs Unveils  Billion Fund for BNB Chain Projects with Up to 0K Per Team

YZi Labs Unveils $1 Billion Fund for BNB Chain Projects with Up to $500K Per Team

by TheAdviserMagazine
October 8, 2025
0

YZi Labs, the venture capital firm founded by Changpeng “CZ” Zhao and Yi He, has announced a $1 billion Most...

edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

by TheAdviserMagazine
October 8, 2025
0

American Eagle CEO Jay Schottenstein has launched a vigorous defense of his company’s high-profile Sydney Sweeney campaign, insisting the brand...

edit post
Elbit Systems bids to upgrade Argentinian F-16s

Elbit Systems bids to upgrade Argentinian F-16s

by TheAdviserMagazine
October 8, 2025
0

Argentina bought 24 F-16 aircraft from Denmark, and Elbit Systems is reportedly in talks to participate in the work of...

edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

by TheAdviserMagazine
October 8, 2025
0

Ørsted has raised DKr59.56bn ($9.35bn) through a rights issue to strengthen its capital structure and support ongoing projects. This rights...

Next Post
edit post
Shapir wins tender for western entrance to airport

Shapir wins tender for western entrance to airport

edit post
7 Alternative Assets That Could Redefine Your Savings

7 Alternative Assets That Could Redefine Your Savings

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Divided FOMC saw another two rate cuts by the end of 2025

Divided FOMC saw another two rate cuts by the end of 2025

0
edit post
From Sneakers to Stocks: What Sneakerheads Can Teach Us About Investing

From Sneakers to Stocks: What Sneakerheads Can Teach Us About Investing

0
edit post
AT&T buys 15% stake in DriveNets

AT&T buys 15% stake in DriveNets

0
edit post
Quant Small Cap Fund hikes stake in Adani Power and 4 other stocks, trims exposure in 6 firms

Quant Small Cap Fund hikes stake in Adani Power and 4 other stocks, trims exposure in 6 firms

0
edit post
Ken Paxton Takes His Anti-Antifa Fight Undercover

Ken Paxton Takes His Anti-Antifa Fight Undercover

0
edit post
XRP leveraged ETF demand reflects evolving landscape

XRP leveraged ETF demand reflects evolving landscape

0
edit post
From Sneakers to Stocks: What Sneakerheads Can Teach Us About Investing

From Sneakers to Stocks: What Sneakerheads Can Teach Us About Investing

October 8, 2025
edit post
XRP leveraged ETF demand reflects evolving landscape

XRP leveraged ETF demand reflects evolving landscape

October 8, 2025
edit post
Divided FOMC saw another two rate cuts by the end of 2025

Divided FOMC saw another two rate cuts by the end of 2025

October 8, 2025
edit post
The government shutdown’s negative impact on the travel economy tops B (JETS:NYSEARCA)

The government shutdown’s negative impact on the travel economy tops $1B (JETS:NYSEARCA)

October 8, 2025
edit post
Ken Paxton Takes His Anti-Antifa Fight Undercover

Ken Paxton Takes His Anti-Antifa Fight Undercover

October 8, 2025
edit post
Inside PepsiCo’s beverage overhaul: a Gatorade reboot, the  billion Poppi buy, and a gut-health play, all under activist scrutiny

Inside PepsiCo’s beverage overhaul: a Gatorade reboot, the $2 billion Poppi buy, and a gut-health play, all under activist scrutiny

October 8, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • From Sneakers to Stocks: What Sneakerheads Can Teach Us About Investing
  • XRP leveraged ETF demand reflects evolving landscape
  • Divided FOMC saw another two rate cuts by the end of 2025
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.