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News: Tuesday, May 23, 2017 -- Issue 2742 http://www.newsline.kz/rss/

Article of the Day

Kazakhstan's President expresses hope for 'new level' in relations with US
    Kazakh President Nursultan Nazarbayev expressed hope for the intensive development of relations with the United States during meeting with US Secretary of State Rex Tillerson, the president's press service said in a statement Monday.
    "[Nazarbayev] expressed hope that the cooperation between Kazakhstan and the United States on many aspects will move to a qualitatively new level," the statement read.
    According to the document, Nazarbayev and Tillerson exchanged the opinions on the key international issues.
    "During the meeting, Nursultan Nazarbayev and the state secretary of the United States discussed the current state and prospects of the development of a number of aspects of the bilateral cooperation," the statement added.
    The meeting of the two leaders took place on the sidelines of the Arab Islamic American Summit held in Saudi capital of Riyadh.
    The relations between the United States and Kazakhstan are mainly based on cooperation in the spheres of security and nuclear non-proliferation. Apart from that, according to the White House, Kazakhstan is the 83rd largest importer of goods from the United States and the 69th largest exporter of goods to the United States, with a total of $2.4 billion in two-way trade in 2014. Between 1993 and 2013, the US companies invested more than $42 billion in Kazakhstan, according to the official figures.
    Nazabayev met with leaders of several states while in Riyadh, where he arrived on May 21 for the US-Islamic World Summit.
    Nazarbayev met with U.S. President Donald Trump, Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Qatar Sheikh Tamim bin Hamad Al Thani, King of Bahrain Hamad bin Isa bin Salman Al Khalifa, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces Mohammed bin Zayed bin Sultan Al-Nahyan, President of Yemen Ali Abdullah Saleh Al-Sanhani Al-Humairi, President of Mauritania Mohamed Ould Abdel Aziz and Prime Minister of Pakistan Nawaz Sharif.
    He also met with Secretary General of the Organization of Islamic Cooperation Youssef Ahmed Al Othaimeen.
    Reported by Sputniknews, AKIpress.

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Kazakhstan General

Kazakhstani security agencies, NGOs unite to fight terrorism
    Concerned organisations in Kazakhstan are throwing themselves behind new efforts to prevent youth radicalisation.
    In 2016, the country suffered deadly terrorist attacks in Aktobe and Almaty, ...
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Wind strengthening and rains expected in Kazakhstan
    Scattered rains with thunderstorms are predicted in most parts of the country, Kazhydromet reports.
    Dry weather will only be in the southeast of Kazakhstan, while the northwest ...
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Expo-2017

France to show futuristic car in Astana
    General Commissioner of French pavilion at EXPO-2017 Pascal Loro told what his country plans to show in Astana, Kazinform correspondent reports.
    "The theme Future Energy, which Kazakhstan ...
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Oil and Gas Sector

EBRD helps Kazakh domestic hydrocarbon-related expertise to develop
    Kazakhstan continues to increase its share of revenue in oil and gas sector. Tengizchevroil (TCO) LLP and the European Bank for Reconstruction and Development (EBRD) have ...
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Nostrum Oil & Gas broker price targets
    Recently stock market research analysts have changed their consensus ratings and price targets on shares of Nostrum Oil & Gas (LON:NOG).
    The latest broker reports which are ...
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Russia keeping oil output cuts at 300,000 barrels per day for 22 days - minister
    Russia has maintained its daily oil production cuts at 300,000 barrels for 22 days in line with the Vienna agreement on crude output reaction, Russian Energy ...
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Russia and its EU partners discuss entry point for Turkish Streams second line
    Russia is in talks with European countries to determine the entry point of the second line of the Turkish Stream gas pipeline flow, Russian Prime Minister ...
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Uzbekistan, Turkmenistan to develop fields in Caspian Sea
    Uzbekistan and Turkmenistan will develop oil and gas fields in the Caspian Sea.
    The national holding company "Uzbekneftegaz" and the state concern "Turkmennebit" signed a memorandum ...
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Med Crude-Urals softened as arbitrage to Asia is nearly shut
    Urals differentials to dated Brent softened on Monday as an oversupply of light sweet grades started to put pressure on medium-sulphur crude oil and the arbitrage ...
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Crude Oil Price Analysis for May 23, 2017
    WTI front month futures expire at the close today, leaving July as the front-month contract, which is notched up a 0.79% gain. The market continues to ...
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What's affecting oil prices this week
    Prior to the beginning of last week, Stratas Advisors forecast that the price of Brent crude would move upward and would test $53.60. The forecast was ...
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Russia decides in which country in Europe to allow Turkish stream
    What country is Greece or Bulgaria will be the entry point of the second line of the pipeline Turkish stream in the European gas transportation system? ...
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Finance and Investment

Uzbekistan, Kazakhstan introduce changes to agreement on avoiding double taxation
    President of Uzbekistan Shavkat Mirziyoyev approved a protocol on introducing amendments and additions to the Agreement between the Governments of Kazakhstan and Uzbekistan on avoidance of ...
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World Bank predicts slow growth for Kazakhstan in medium term
    The World Bank released a report which predicts Kazakhstans economic growth will pick up slowly in the medium term, but highlights it will remain much lower ...
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Kazakhstan invested $900 million in UAE
    During the years of its independence, Kazakhstan has invested $900 million in UAE, the Kazakh Minister for Investments and Development said Monday.
    "The United Arab Emirates is ...
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Kazakh banks look for strength through consolidation
    A deal to bring together Kazakhstans two biggest lenders is set to close in July, in a major step to contain the crisis in the countrys ...
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Bank RBK and Qazaq Banki to merge
    RBK Bank announced the intention to merge with JSC Qazaq Banki, Kazinform reports with reference to KASE.
    "Shareholders of JSC Bank RBK and JSC Qazaq Banki are ...
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Kazakh National Bank suspends Delta Bank's deposit licence
    The National Bank has suspended the license of Delta Bank JSC for taking deposits and account opening, the regulator press-service reports.
    "The NBK Management issued Order No. ...
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KASE day session: USDKZT_TOD = 310.59
    The day foreign currencies trading session ended on Kazakhstan Stock Exchange (KASE).
    Based on results of trades on the spot-market:
    - weighted average US dollar rate with settlements ...
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Metals and Minerals

Pavlodar aluminium processing plant positions itself to strengthen productivity, sales
    Export increase, establishment of local production and substitution of imported goods are the most important tasks at current stage of Kazakhstan's economic development. Pavlodar metallurgists received ...
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Polymetal International PLC lowered to hold at Berenberg Bank
    Berenberg Bank lowered shares of Polymetal International PLC (LON:POLY) to a hold rating in a report issued on Friday morning. The brokerage currently has GBX 1,090 ...
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LME: zinc and nickel rise on China steel industry crackdown
    Zinc and nickel prices touched their highest in more than two weeks on Monday after China launched a regional crackdown on the steel industry, including production ...
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Trump trouble and euro surge extend gold's gains
    Gold on Monday extended its biggest weekly gain in five weeks as the U.S. dollar fell against the euro, while U.S. political turmoil fueled demand for ...
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Report warns of dramatic social impact of coal market position
    Coal impacts could push 122 million people into extreme poverty by 2030.
    Thats according to a report from the global anti-poverty organization Oxfam, which specifically calls for ...
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Uranium prices: why global nuclear power demand will skyrocket, even if it dies in America
    Nuclear power capacity is expanding around the world. Currently, there are dozens of nuclear power plants under construction with even more planned. Last week, India reported ...
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Trade and Consumer Goods

Arab businessman says Kazakhstan meat needs marketing
    Director of the International Relations Department of the Chamber of Commerce and Industry of Dubai, Omar Khan urged Kazakhstani businessmen to make meat a brand, Kazpravda.kz ...
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Kyrgyz Agriculture Ministry plans to finance 12,000 dairy producers via World Bank
    The Agriculture Ministry of Kyrgyzstan plans to finance 12,000 dairy producers with the World Bank resources, Deputy Minister of Agriculture Erkin Choduyev told a meeting of ...
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France bears brunt of downgrade to EU barley, wheat yield hopes
    French farmers are on course for below-average barley and wheat yields for a second year, European Union officials said as they cut forecasts for the bloc's ...
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Hedge fund reticence to cover shorts in grains 'bodes well for price rises'
    Commentators flagged the potential for grain and soy price gains after hedge funds were revealed to have covered fewer of their short bets than expected ...
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EAEU eyes getting on the import substitution bandwagon
    The Advisory Committee for Industry under the Eurasian Economic Commission (EEC) has looked into proposals on implementing an import substitution program drawn up by Russia for ...
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Communications and Transportation

Kazakhstan, Russia to develop medium-range missile
    Kazakhstan and Russia plan joint development of a medium-range missile, TASS cites Deputy Prime Minister of Russia Dmitry Rogozin.
    Rogozin advises that the attendees of the aerospace ...
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Number of ports within Trans-Caspian transport corridor to increase
    The Baku International Sea Trade Port is negotiating with the ports of Turkey and Kazakhstan about their accession to the Trans-Caspian International Transport Corridor.
    BISTP general director ...
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IVECO BUS supplies 210 buses to Expo 2017 host city Astana
    IVECO BUS has completed the first delivery in a contract for the supply of 210 Urbanway and Urbanway Hybrid buses to the city of Astana, Kazakhstan. ...
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Culture and Society

World-renowned musicians to perform at May 26-29 Astana Keshteri festival
    Astana will host the Astana Keshteri music festival for the sixth time May 26-29 at three venues, reported Tengrinews.kz.
    According to the organisers, this is one of ...
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Sports

Kazakhstani archers won World Cup stage
    Kazakhstan won for the first time a medal at the World Cup stage in archery -Huyndai Archery World Cup in Shanghai, Kazpravda.kz reports citing the National ...
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Al-Rajhi claims stage win as Al-Attiyah passes Przygonski for overall lead in Rally Kazakhstan
    Saudi ace Yazeed Al-Rajhi put his day one accident behind him to claim the fastest time on the second selective section of Rally Kazakhstan between Aktau ...
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Regional News

China branding moves to take center stage
    Branding is emerging as an all-important pillar of the growth in value of Chinese companies - particularly for those in the consumers products and high-tech sectors-according ...
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Chinas big banks' profitability on the mend
    The profitability prospects of China's big banks have improved in the first quarter of this year after the country's economy picked up steam during the period ...
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China-Russia joint venture to develop wide-body commercial jet
    A new joint venture involving Commercial Aircraft Corp of China (COMAC) and Russia's United Aircraft Corp (UAC) was established in Shanghai on Monday. The company will ...
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Turkmenistan sums up results of May 21 by-elections
    Turkmenistan summed up the results of the Sunday by-elections to the countrys parliament instead of early retired members and to the local authorities in connection with ...
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5 security forces killed in ambush in NW Afghanistan
    Unknown gunmen have attacked a security convoy in northwestern Afghanistan, claiming the lives of at least five members of the local police, an Afghan official says.
    Karim ...
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Five security forces killed in Afghanistan ambush
    An Afghan official says that at least five local security forces have been killed after insurgents ambushed their convoy in northern Faryab province. Karim Yuresh, spokesman ...
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Prices and Statistics

Commodities

Date: May 23, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 50.73 +0.40 +0.79% Jul 2017 5/22/2017
USD/bbl. 53.64 -0.23 -0.43% Jul 2017 12:47 AM
USd/gal. 165.55 -0.71 -0.43% Jun 2017 12:05 AM
USD/MMBtu 3.32 -0.01 -0.33% Jun 2017 12:53 AM
USd/gal. 160.05 -0.16 -0.10% Jun 2017 5/22/2017
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,262.00 +0.60 +0.05% Jun 2017 12:53 AM
USD/t oz. 1,261.96 +1.33 +0.11% N/A 1:04 AM
USD/t oz. 17.17 -0.03 -0.15% Jul 2017 12:52 AM
USd/lb. 258.70 -0.85 -0.33% Jul 2017 12:53 AM
USD/t oz. 949.04 -0.15 -0.02% N/A 1:04 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 373.25 -1.75 -0.47% Jul 2017 12:54 AM
USd/bu. 432.00 -2.25 -0.52% Jul 2017 12:53 AM
USD/MT 2,035.00 +7.00 +0.35% Jul 2017 5/22/2017
USd/lb. 72.90 -0.11 -0.15% Dec 2017 12:48 AM
USd/lb. 122.03 +0.98 +0.81% Aug 2017 5/22/2017

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Exchange Rates
    

Date: May 23, 2017; Source: the National Bank of Kazakhstan

1 USD KZT 310.7 1 CHF

KZT 319.62

1 CNY

KZT 45.1

1 TRY KZT 87.25 1 JPY KZT 2.79
1 EUR

KZT 348.2

1 AUD

KZT 231.56

1 KGS KZT 4.59 100 UZS KZT 8.21 1 BYN KZT 167.9
1 GBP KZT 403.88 1 CAD KZT 229.93 1 RUB KZT 5.49 100 KRW KZT 27.82 1 UAH KZT 11.8

 

 

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