He was born in Shaki in 1956. He got secondary education in Baku school within 1963-1973.
He studied at Azerbaijan Institute of National Economy (present Azerbaijan State University of Economics) in 1973-1978.
In the years 1983-1985he was the post graduate of the same institute.
In 1988 got the title of a candidate on economic sciences defending at St. Petersburg University of Economics and Finance named after Voznesensky.
In 1986-1992 served as a teacher at ASUE, in 1986-1989 was the chairman of Student Trade Union Committee of ASUE.
In 1992-1993 worked as the head of the Executive Power of Lerik region.
In 1994-1997 became an Associated Professor of Baku Business University, worked as a dean.
Since 1997 has been the an Associated Professor of ASUE chair of “Economic Theory – 1”.
Since 2000 has been a press secretary of ASUE journal “Economics Sciences: theory and practice”.
In 2006-2014 he became a deputy dean of ASUE faculty of “Turkish World of Business Administration”.
Since 2014 has been a Dean of the Faculty “General Economy”. Currently he is a Dean of the Faculty of Economics.
More than 60 of his studies, monographs, manuals and translations have been published in Azerbaijan, Russia, and Czechoslovakia. He regularly participates at the international conferences.
According to the Order of the President of the Republic of Azerbaijan dated September 24, 2020, he was awarded the honorary title of “Honored Teacher” on the occasion of the 90th anniversary of Azerbaijan State University of Economics and for his services to the development of education in Azerbaijan.
Mammad Araz poetry at UNEC (27.12.2017)
“The Strategic Roadmap” studied at UNEC (19.01.2017)
“Serious changes will take place at the University of Economics in this area”- INTERVIEW (12.12.2016)
UNEC Teaching staff’s articles in the journal of the University of Stanford of the US (22.06.2016)