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News: Thursday, January 19, 2017 -- Issue 2661 http://www.newsline.kz/rss/

Article of the Day

Nazarbayev's grandson makes Facebook post critical of Kazakh high profile officials
    The Kazakh President's grandson Aisultan Nazarbayev in one of his Facebook posts shared his opinion on latest government reshuffle and corruption in the country.
    Aisultan in his post critical of some officials in President's Administration said: “Unfortunately, some people can't overcome the star fever symptoms … These people, to my biggest disappointment, are not interested in their county, nation, they are selfish and money-focused. These sick people are not able to deal with sophisticated government issues anymore. How can they help my grandfather in a time that requires hard work? ” the post read.
    He also mentioned former Prime Minister and current head of KNB (National Security Committee) Karim Massimov's "getting rid of corrupt and clingy persons in President's Administration."
    “Nobody uses the word “public enemy” today, but I consider it appropriate in naming those corrupt top government officials, as they harm not each other but the nation. Knowing my grandfather, I can firmly say that Massimov will do his best to clean the President's surrounding,” Aisultan wrote.
    Aisultan Nazarbayev further provided concrete names. “It's very interesting for me personally whether Chairman of National Bank Akishev and head of President's Administration Jaksybekov will be able to retain their seats, as their direct subordinates are suspected of committing state crimes. I know very well the mentioned officials and I am certain that no one can commit crimes behind their backs...” said Aisultan Nazarbayev.
    “Investigation will show if Utemuratov and Tasmagambetov had roles in these dirty deeds. But if you ask a random question [in Kazakhstan about those people], they will answer that these people robbed the nation. Thanks God, we have few of them," he said. "But I guess the era of agashki [big brothers in Kazakh] is coming to the end – Kazakhstan is changing. I am sure that new KNB chief is powerful enough to deal with these issues. Right now, he's role in the country is huge as never,” the post reads.
    Aisultan Nazarbayev in conclusion called on the youth to support the strategic course of Kazakhstan aimed at strengthening the stability and independence of the country. “ After all, we will be also in charge of Kazakhstan's future in front of our children one day," he concluded.
    Earlier, Former Deputy Head of Kazakh President's Administration Baglan Mailybayev was arrested for two months on suspicion of divulging state secrets, the National Security Committee (KNB) of Kazakhstan said. Mailybayev was sacked as Deputy Head of Kazakh President's Administration on January 12, AKIpress reported.

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Kazakhstan General

Director of Almaty Towers under arrest following blaze
    According to Kapital, the executive was detained after the fire in business center Almaty Towers.
    To the director of Trampoline Center LLP in business center Almaty Towers ...
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Mazhilis speaker outlined this year’s main activities
    Nurlan Nigmatulin promised that in the work on the bills, they will continue dialogue with representatives of civil society and provide open information.
    Nurlan Nigmatulin outlined ...
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Expo-2017

EXPO will boost industrial development in Kazakhstan - Korean Investment Agency
    At the meeting of the Director General, Deputy Board Chairman of the of JSC "NC" Astana EXPO- 2017" Alisher Pirmetov and the Executive Vice President for ...
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Oil and Gas Sector

Kazakhstan’s oil output to be determined by Kashagan - OPEC
    Oil supply from the FSU (Former Soviet Union) oil supply is expected to grow by 0.17 mb/d in 2016 to average 13.86 mb/d, revised up by ...
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$25 trillion investment needed to meet future oil demand
    The world needs to invest $25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser ...
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Roxi Petroleum reports on new well
    Roxi Petroleum PLC on Tuesday reported the spudding of a new well at its BNG Contract Area in the west of Kazakhstan, in which it has ...
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SOCAR reveals oil & gas production volumes
    by Nigar Abbasova
    Azerbaijan’s state energy giant SOCAR has revealed the volume of its oil and gas production for 2016.
    Energy-rich Azerbaijan produced 416.5 million tons of oil ...
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Hunger strike protests by oil workers growing in Western Kazakhstan
    A protest by oil workers in western Kazakhstan against the closure of a confederation of independent trade unions is growing in magnitude as it approaches the ...
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Oil Prices Fall In Spite Of Bullish OPEC Data
    by Irina Slav
    OPEC, in its latest Monthly Oil Market Report, raised its forecast for global crude oil demand to 95.60 million barrels daily, up by 1.16 ...
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Oil Slides On Shale Fears, Strong Dollar
    by Matt Smith
    Ticker: Fun and games for the next few days have been kicked off by the release of the monthly OPEC report, with a monthly ...
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Finance and Investment

Funding for environmental projects in Kazakhstan halved for the year
    As of 2016 year end, the investment portfolio for environmental protection in Kazakhstan is only 32.2bn tenge, while in 2015 it was 62.5bn, and in 2014 ...
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Local government budgets to be introduced in Kazakhstan in 2018
    Town, rural, district budgets are to be implemented in 2018 in the administrative and territorial units with over 2000 population, and in 2020 - everywhere.
    National ...
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Kazakhstan's public debt reaches 11.416 trillion tenge
    Kazakhstan's public debt as of January 16, 2017 was 11,416,278,278,000 tenge, according to the Ministry of Finance of Kazakhstan.
    As of January 16, 2017 the Kazakh government's ...
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Kazakh Foreign Trade Surplus Falls To $10.2 Bln
    Kazakhstan’s foreign trade surplus narrowed to $10.2 billion for January-November from $13.8 billion in the same period last year, the Statistics Committee said on Tuesday. The ...
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Improvement of sector indicators seen in December
    by Assan Kurmanbekov
    Short-term economic indicator (> 60% of GDP) accelerated to 0.8% yoy in January-December 2016, compared with 0.5% yoy for 11M2016 and -0.7% yoy ...
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Ak Zhol party offers to end SNPF monopoly
    by Xenia Voronina
    The Ak Zhol party faction in the Majilis (Lower House of Parliament) has urged in a request by its deputies to Prime Minister Bakhytzhan ...
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Tengribank Strengthens Position on Kazakh Market
    The international rating agency S&P Global Ratings confirmed Dec. 22, 2016 the long-term credit rating of TengriBank at B+, which reflects the bank’s stable financial status, ...
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Metals and Minerals

ÑAMECO: Revision of the target price
    by Altynay Ibraimova
    Since our recommendation to buy in December 2016, shares of Cameco increased by 34.59%, and reached our target level of CAD15.95/share. The price of ...
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LME copper eases on profit-taking after hefty gains last week
    by James Regan
    London copper prices eased on Monday as some investors took profits following hefty gains last week on the back of strong economic data from ...
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Moody’s base metals optimism rises despite seeing price fall back this year
    by Henry Lazenby
    Market analyst and ratings agency Moody’s Investors Service has adjusted upwards its pricing sensitivities for base metals in 2017, but says despite the recent ...
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Gold price 'bullish' as inflation breaches Fed's 2% target, Trump spurs 'currency war', GLD misses rally
    by Adrian Ash
    Gold prices edged 0.5% lower from yesterday's new 8-week high versus the Dollar in London trade Wednesday, holding above $1211 per ounce as world ...
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Trade and Consumer Goods

Kommersant: Alibaba Group may team up with Sberbank for potential e-commerce partnership
    Sberbank and China’s Alibaba Group might set up a joint venture in the field of e-commerce in the first half of 2017. The Russian side expects ...
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KazAgroFinance Seeks to Grow Agricultural Technology, Production
    by Dana Omirgazy
    Investment in Kazakh agriculture increased 50 percent in 2016 totalling 228 billion tenge (US$686.96 million) compared to 148 billion tenge (US$445.92 million) a ...
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Kazakhstan: as of January 1, grain stocks totaled nearly 15 mln tonnes
    As of January 1, 2017, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 14.819 mln tonnes (down 1.82 mln tonnes compared with the ...
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Communications and Transportation

Kazakhstan Takes Delivery of Sukhoi Su-30SM Jet Fighters
    The Kazakh Armed Forces recently took delivery of a new batch of modern multifunctional Su-30SM jet fighters of the 4++ generation, the press office of the ...
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Dariga Nazarbayeva: Information security – priority area of national security
    Senate deputies and representatives of governmental structures have met today in the upper chamber of the Parliament to discuss the results of implementation of the RoK ...
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Information Ministry to continue open discussion on draft law on mass media
    The discussion of the amendments to the legislation on mass media will be continued in an open format, according to Vice Minister of Information and Communications ...
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DBK invested about KZT 2bn in transport and logistics center construction in Shymkent
    The center will include an administrative building, a container terminal, customs control zones and related infrastructure.
    A loan of 11.8bn tenge for 15 years was provided by ...
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Ural Airlines starts flights from Astana to Moscow
    From February 15, Ural airlines open direct flight from Astana to Moscow and back. The Airline increases the flights from the new airport Zhukovsky as part ...
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Kazaviaspektr is planning to sell its plant not later than June, 2017
    The troubled Karaganda aircraft construction plant Kazaviaspektr which in the five years of its existence failed to produce a single plane, is planned to be sold ...
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TCITR association set to approve working plan for 2017
    The international association of the Trans-Caspian International Transport Route (TCITR) will approve the working plan for 2017 on Jan. 18, the Azerbaijan Caspian Shipping CJSC said ...
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Insurance and Risk Management

The future of Kazakh life insurance
    While Kazakhstan has experienced a slowdown in economic growth over the past two years, its life insurance market has continued to grow thanks to rapid digitalisation, ...
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Education and Science

Central Asia Glaciological Center to be established in Kazakhstan
    During consideration of the bill "On ratification of Agreement between the Government of Kazakhstan and UNESCO on the establishment in Kazakhstan of the Central Asian regional ...
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Sports

Kazakh wrestling 'kuresi' inscribed on UNESCO Representative List of Intangible Cultural Heritage of Humanity
    Kazakhstan's 'kuresi' was inscribed on the UNESCO Representative List of the Intangible Cultural Heritage of Humanity.
    Kuresi in Kazakhstan is a type of wrestling that requires players ...
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Kyrgyz athletes win 3 medals at international climbing competition in Kazakhstan
    Kyrgyz athletes won three medals at the youth climbing championship in Almaty, reports the Alpinism and Rock Climbing Federation of the Kyrgyz Republic.
    The competition was held ...
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Regional News

Cause of Kyrgyzstan air crash points to poor navigation control, due to financial woes
    by Charles van der Leeuw
    Was it “human error”? Was it “technical”? Or was it just the fog? Whatever caused the terrible accident with the Turkish Boeing ...
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Tajikistan studying issue of joining EEU based on experience of Kyrgyzstan
    Tajikistan is thoroughly studying the issue of accession to the Eurasian Economic Union taking into account all pros and cons in this issue, including learning experiences ...
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ADB to help improve infrastructure, investment climate, and food security in Tajikistan in 2017-2019
    The Asian Development Bank’s (ADB) updated 2017 to 2019 country program for Tajikistan focuses on supporting energy and road development, improving food security, strengthening investment climate, ...
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Decline in direct investments needs to be dealt with - Uzbek President
    The government of Uzbekistan should analyze current state in attracting foreign investments, first of all, direct investments, the country’s head of state observed.
    Speaking at the session ...
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Asymmetric Response to Trump's Crackdown on China
    The potential Sino-American economic confrontation under Donald Trump will prompt China to make the New Silk Road a cornerstone of its economic strategy, Russian expert on ...
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Russia to Unveil 4th-Generation MiG-35 Fighter Jet in January
    Russia's United Aircraft Corporation (UAC) and its subsidiary Russian Aircraft Corporation MiG are expected to hold an official presentation of fourth-generation MiG-35 fighter jet in January, ...
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Uzbekistan expands production of agriculture goods
    Uzbekistan increased production of agriculture, forestry and fishery goods by 6.6% year-on-year in 2016.
    The growth of production in forestry sector made up 1.8%, and fishery ...
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Prices and Statistics

Commodities
    

Date: January 19, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EST) 2 Day
USD/bbl. 51.50 +0.42 +0.82% Feb 2017 12:27 AM
USD/bbl. 54.37 +0.45 +0.83% Mar 2017 12:27 AM
USd/gal. 154.48 -0.39 -0.25% Feb 2017 1/18/2017
USD/MMBtu 3.32 +0.02 +0.55% Feb 2017 12:26 AM
USd/gal. 162.15 +1.23 +0.76% Feb 2017 12:00 AM
 
Index Units Price Change %Change Contract Time (EST) 2 Day
USD/t oz. 1,201.40 -10.70 -0.88% Feb 2017 12:27 AM
USD/t oz. 1,202.53 -1.77 -0.15% N/A 12:38 AM
USD/t oz. 17.00 -0.27 -1.59% Mar 2017 12:27 AM
USd/lb. 262.90 +1.25 +0.48% Mar 2017 12:27 AM
USD/t oz. 961.00 -2.34 -0.24% N/A 12:37 AM
Index Units Price Change %Change Contract Time (EST) 2 Day
USd/bu. 364.75 -0.25 -0.07% Mar 2017 12:27 AM
USd/bu. 429.50 -1.50 -0.35% Mar 2017 12:28 AM
USD/MT 2,233.00 -2.00 -0.09% Mar 2017 1/18/2017
USd/lb. 72.46 +0.20 +0.28% Mar 2017 12:26 AM
USd/lb. 119.40 +0.40 +0.34% Apr 2017 1/18/2017
 

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Exchange Rates
    

Date: January 19, 2016; Source: the National Bank of Kazakhstan

1 USD KZT 330.55 1 CHF

KZT 329.63

1 CNY

KZT 48.35

1 TRY KZT 87.3 1 JPY KZT 2.91
1 EUR

KZT 353.09

1 AUD

KZT 249.63

1 KGS KZT 4.77 100 UZS KZT 10.19 1 BYN KZT 170.17
1 GBP KZT 406.64 1 CAD KZT 252.69 1 RUB KZT 5.58 100 KRW KZT 28.27 1 UAH KZT 12.02

 

 

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