Executive Summary This report provides an analytical assessment of the North Caucasus Federal District (NCFD) based on developments presented at the Kavkaz Investment Forum 2025, recent macroeconomic data, and ongoing geopolitical dynamics. This analysis evaluates investment prospects, pinpoint sector-specific opportunities, and assesses the wider strategic ramifications of current regional economic …

Executive Summary This report examines Iran’s strategic posture in the South Caucasus following Deputy Foreign Minister Saeed Khatibzadeh’s remarks at the Yerevan Dialogue 2025 forum. Highlighting Tehran’s stance on regional stability, his address stressed the importance of an Armenian-Azerbaijani peace agreement and the Armenia-Iran corridor’s geopolitical significance. The analysis provides …

The security calculations of the Shia Muslim-dominated government in Baghdad were upended by the collapse of the Assad regime in neighboring Syria, which brought Sunni Muslim Islamists to power on Iraq’s western border. The Türkiye-backed political change in Syria leaves Iran as Iraq’s main remaining regional ally. Iraqi Shia leaders …