Hithium Energy Storage Technology has announced a joint venture with Nabilah AlTunisi's company, MANAT, to establish a battery energy storage systems (BESS) manufacturing facility with 5 gigawatt ...

ASHGABAT -- The Turkmen national currency, the manat, has lost some 10 percent of its value on the black market as citizens scramble to buy what little foreign currency is available. RFE/RL ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Michael Logan is an experienced writer, producer, and editorial leader. As a ...

The Central Bank of Azerbaijan devalued the manat, the country’s currency, by 33.8 percent against the U.S. dollar on Saturday. The bank rate for the manat was set at 1.05 to the US dollar from a rate ...

Azerbaijan's central bank adopted a floating rate for the manat currency on Monday, following similar steps by other ex-Soviet countries with economies hit by low oil prices. "The central bank has ...

For thousands of Azerbaijanis like 58-year-old high-school teacher Nargiz, the Azerbaijani national currency’s precipitous plunge on February 21 wiped out more than their savings. It popped a bubble ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Another currency peg bites the dust. Azerbaijan has followed Kazakhstan’s lead and abandoned the manat’s dollar ...