Kazakhstan Newsline   
About us
Daily News Digest
Kazakhstan Newsline In-Depth
Promotions
Weekly News Digest
News Archive
Media Monitoring
Translations
Company News Service
Prices
Our Readers in Figures
Iteca Exhibition News
Partners News
| eng | rus |

Newsline archive:
<< May, 2017 >>
S M T W T F S
 010203040506
07080910111213
14151617181920
21222324252627
28293031   

Search:


Advanced Search
You are not logged in
Please login or register
Email: 
Password: 
 

Ads:

(Open in a new window)

News: Monday, May 15, 2017 -- Issue 2736 http://www.newsline.kz/rss/

Article of the Day

Kazakh President participates in One Belt, One Road initiative opening ceremony
    The two-day Belt and Road Forum for International Cooperation kicked off for the first time ever in the capital of China this morning, Kazinform reported.
    The forum is themed "One Belt, One Road: cooperation for the sake of common prosperity". China intends to turn the forum into a multilateral dialogue platform for implementation of Chinese President Xi Jinping's strategic initiatives - the Silk Road Economic Belt (proposed in Kazakhstan in September 2013) and the 21st century Maritime Silk Road (put forward in Indonesia in October 2013) - that became the elements of the One Belt, One Road initiative.
    Participants of the forum are expected to focus on interrelatedness of politics, transport, trade, finance and peoples, trade and economic cooperation, industrial investment, energy and resources, financial support, environmental protection and many other issues.
    The forum will consist of the Plenary Session and the High-Level Dialogue on May 14 and the Leaders' Roundtable on May 15 behind closed doors.
    A total of 29 global leaders, including Chinese President Xi Jinping, President of Kazakhstan Nursultan Nazarbayev, President of Russia Vladimir Putin, President of Turkey Recept Erdogan, gathered in Beijing.
    UN Secretary-General Antonio Guterres, World Bank President Kim Jim Yong and Managing Director of the International Monetary Fund Christine Lagarde.
    The forum is poised to become the most important political and diplomatic event in China in 2017 since the launch of the One Belt, One Road initiative.
    China will contribute an additional 100 billion RMB ($14,7 billion) to the Silk Road Fund, Chinese President Xi Jinping said while inaugurating the historical Belt and Road Forum for International Cooperation in Beijing on Sunday morning, Kazinform’s correspondent reported.
    "China plans to enhance its contribution to the implementation of the One Belt, One Road initiative and contribute an additional 100 billion RMB to the Silk Road Fund," the Chinese leader announced at the forum.
    As a reminder, the Silk Road Fund was established in December 2014 to ensure financial support of the infrastructural projects implemented within the One Belt, One Road initiative. China's contribution to the fund amounted to $40 billion.
    President of Kazakhstan Nursultan Nazarbayev is among 29 global leaders who attend the high-profile forum in China.
    Reported by Kazinform.

Back to top

Kazakhstan General

Nazarbayev held a number of bilateral meetings with leaders of foreign countries
    China is ready to strengthen strategic coordination and deepen mutually beneficial cooperation with Kazakhstan, President of China Xi Jinping said May 14 at the meeting with ...
     Full text available for subscribed users...

Back to top

Three people died in a fire in Karaganda
    In the night of 11-12 May, there was a fire in Karaganda that killed three people, Kazpravda.kz reports citing ekaraganda.kz.
    According to the report from the region’s ...
     Full text available for subscribed users...

Back to top

Ex-policeman and prosecutor patronised gambling business in Ust-Kamenogorsk
    On May 11, former chairman of Zyryanovsk police department and senior prosecutor in Ust-Kamenogorsk were detained on suspicion of patronizing a transnational organized crime group (OCG), ...
     Full text available for subscribed users...

Back to top

Expo-2017

More than 500 policemen arrived in Astana ahead of EXPO-2017
    Only a month is left before the start of the EXPO in Astana. To maintain security and order, more than 500 policemen from different regions of ...
     Full text available for subscribed users...

Back to top

Finnish President to visit Expo 2017 in Astana
    President of Finland Sauli Niinistö plans to visit Kazakhstan from 19th to 21st June, 2017. Deputy Minister of Foreign Affairs Roman Vasilenko said this during a ...
     Full text available for subscribed users...

Back to top

Oil and Gas Sector

Petrofac bosses questioned by SFO over Unaoil scandal
    The top bosses at oil services group Petrofac have been questioned by the Serious Fraud Office as part of the global probe into the Unaoil corruption ...
     Full text available for subscribed users...

Back to top

Caspian pipeline to boost oil exports in 2017
    The Caspian Pipeline—which runs from the giant Tengiz oil field in Kazakhstan to a sea terminal near Novorossiysk in Russia—plans to increase its exports to the ...
     Full text available for subscribed users...

Back to top

WIS transports Kazakh pipes
    Logistics firm W.I.S. has transported a breakbulk cargo of pipes to Kazakhstan via Russia as part of an ongoing oil and gas project.
    A total of 35,000 ...
     Full text available for subscribed users...

Back to top

Kazakh scientist creates unique catalyst for oil
    PhD and Senior Lecturer of the Kazakh National Research Technical University (KazNITU) and the Kazakh-British Technical University (KBTU) Khadichakhan Rafikova has discovered a greener form of ...
     Full text available for subscribed users...

Back to top

EIA updates Kazakhstan oil market overview
    Kazakhstan, an oil producer since 1911, has the second-largest oil reserves and the second-largest oil production among the former Soviet republics after Russia.
    Kazakhstan is a major ...
     Full text available for subscribed users...

Back to top

Eni beats on Q1 earnings estimates on higher prices
    Integrated energy company Eni SpA, one of Kazakhstan’s largest upstream investors and operators, reported first-quarter 2017 adjusted earnings from continuing operations of 45 cents per American ...
     Full text available for subscribed users...

Back to top

Oil up slightly, low U.S. inventories weigh on high rig counts
    Oil prices settled slightly higher on Friday as lower U.S. crude inventories and increasing support for continued OPEC-led production cuts inspired hope that the global supply ...
     Full text available for subscribed users...

Back to top

Crude oil price forecast May 15, 2017, technical analysis
    The WTI Crude Oil market had a slightly negative session on Friday, as the previous uptrend line was tested, but it looks like we may be ...
     Full text available for subscribed users...

Back to top

3 reasons natural gas is heading a lot higher
    Commodity pricing is a complex thing, with a whole host of things affecting the price at which buyers and sellers transact, but almost all of those ...
     Full text available for subscribed users...

Back to top

Finance and Investment

Growth of Kazakh national reserves due to increase in gold assets
    The consolidated reserves rose by $244 million in April to $92.8 billion (+0.3% mom, -2% yoy). The increase was provided by a growth in NBK reserves ...
     Full text available for subscribed users...

Back to top

UnionPay travels the Silk Road with Chinese economic policy
    UnionPay International plans to use China’s “Belt and Road Initiative” to bring acceptance of its payments systems to countries along the old Silk Road.
    The 2013 Belt ...
     Full text available for subscribed users...

Back to top

A.M. Best downgrades credit ratings of Kazakh insurer
    A.M. Best has downgraded the Financial Strength Rating to C+ (Marginal) from C++ (Marginal) and the Long-Term Issuer Credit Rating to “b-” from “b” of JSC ...
     Full text available for subscribed users...

Back to top

Sberbank reports attempted virus attacks on its infrastructure
    One of Russia’s biggest banks, Sberbank which also operates in Kazakhstan, said on Friday it has registered attempted hacker attacks on its infrastructure.
    "Information security systems timely ...
     Full text available for subscribed users...

Back to top

KASE day session: USDKZT_TOD = 315.54
    The day foreign currencies trading session ended Friday on the Kazakhstan Stock Exchange (KASE).
    Based on results of trades on the spot-market:
    - weighted average US dollar ...
     Full text available for subscribed users...

Back to top

Metals and Minerals

ArcelorMittal SA to cut costs after drop in Q1 steel sales
    ArcelorMittal South Africa, part of the Arcelor Mittal concern which is Kazakhstan’s leading foreign investor in the sector, said on Friday it would cut costs and ...
     Full text available for subscribed users...

Back to top

Canaccord Genuity gives Kaz Minerals price target with potential 34.62% upside
    On Friday Canaccord Genuity reiterated its target price on Kaz Minerals (LON:KAZ) shares issuing the company with a ‘Buy’ rating.
    Canaccord Genuity gave the share price of ...
     Full text available for subscribed users...

Back to top

Copper steadies as China growth hopes following central bank support
    Copper prices steadied on Friday after hitting a week high in the previous session, with investors taking comfort from moves by top copper consumer China to ...
     Full text available for subscribed users...

Back to top

Gold firm as U.S. political concerns lend support
    Gold rose on Friday and was set to end the week little changed as the sudden sacking of the head of the FBI in the United ...
     Full text available for subscribed users...

Back to top

Prices for iron ore, coking coal continue their descent
    Prices of two key steelmaking materials have softened over the past few months, likely putting Japanese steel manufacturers in a weaker position to negotiate higher product ...
     Full text available for subscribed users...

Back to top

Uranium prices: miners seek lower cost operations
    While uranium prices post a fragile recovery we have seen a definite pick-up in exploration activity even as cost cuts and shutdowns of operating facilities have ...
     Full text available for subscribed users...

Back to top

Manufacturing industry

China-Kazakhstan capacity cooperation on fast track: official
    Industrial capacity cooperation between China and Kazakhstan has grown rapidly in the past few years and yielded rich results under the Belt and Road Initiative, an ...
     Full text available for subscribed users...

Back to top

Trade and Consumer Goods

Kazakhstan planted spring spiked grains throughout over 465 thsd ha
    As of May 10, Kazakhstan planted spring spiked grains throughout the areas of 465.3 thsd ha, down three times compared with the figures on the same ...
     Full text available for subscribed users...

Back to top

Kazakhstan: JSC Ak Biday Terminal transshipped over 120 thsd tonnes of grains
    In January-April of 2017, the grain terminal JSC Ak Biday Terminal, the subsidiary company of National Company Food Contract Corporation JSC, exported 122.1 thsd tonnes of ...
     Full text available for subscribed users...

Back to top

Russia/Kazakhstan: price behaviour on grain market
    Mixed price trends continued in Russia’s grain market, which also sets the trend for Kazakhstan’s export prices, last week. Export prices for Russian milling wheat in ...
     Full text available for subscribed users...

Back to top

EAEU members tackle product safety and recall system
    A warning system for dangerous goods that can harm public health will be created within the framework of the Eurasian Economic Union (EAEU). The draft of ...
     Full text available for subscribed users...

Back to top

Cotton futures soar limit up, defying broad market calm
    Investors complaining about the lack of volatility in financial markets overlooked cotton.
    While the Vix index of expected US equity turbulence — often termed the "fear index" ...
     Full text available for subscribed users...

Back to top

Communications and Transportation

Direct Astana-Helsinki flight to be launched next month
    An Astana-Helsinki direct flight will be launched starting from June 19, 2017, Deputy Minister of Foreign Affairs of Kazakhstan Roman Vassilenko said at a press conference ...
     Full text available for subscribed users...

Back to top

Kazakhstan’s transport, logistics opportunities presented at Turkmenistan conference
    Kazakhstan Temir Zholy (KTZ) national railway company presented May 4-5 Kazakhstan’s transit-transport development, multimodal logistics, freight traffic and infrastructure opportunities at the Turkmenistan International Transport and ...
     Full text available for subscribed users...

Back to top

Kazakhstan reaches 130,000 internet domains
    The number of domains registered on the Kazakhstan internet segment Kaznet has passed the 130,000 mark, reports Profit.kz. The figure slightly dropped in March and increased ...
     Full text available for subscribed users...

Back to top

Culture and Society

Free summer cinema opens in Botanical Garden of Almaty
    In the botanical garden of Almaty today, May 13, a free summer cinema "KinoSad" has opened, Brod.kz informed.
    Film shows will take place there every weekend.
    The new ...
     Full text available for subscribed users...

Back to top

Sports

For several days Astana will become hockey capital of Eurasia - Aset Issekeshev
    On Friday, the 12th of May, the Continental Hockey League and Barys Hockey Club of Astana signed an official agreement on holding the 2018 KHL Week ...
     Full text available for subscribed users...

Back to top

Regional News

Putin will have 'busy and wide-ranging agenda' at St. Petersburg Economic Forum, French vow to participate in full flood
    The 2017 Saint Petersburg International Economic Forum will be attended by many foreign dignitaries such as Indian Prime Minister Narendra Modi, Austrian Chancellor Christian Kern and ...
     Full text available for subscribed users...

Back to top

Russia and China on the way to strengthening ties at One Belt, One Road forum
    Russian President Vladimir Putin, UN Secretary General Antonio Guterres and President of the People's Republic of China Xi Jinping are going to open the One Belt, ...
     Full text available for subscribed users...

Back to top

China’s economic expansion: wealth and power
    China is pouring money into its Belt and Road initiative, a push for global influence championed by President Xi Jinping.
    In addition to using its three so-called ...
     Full text available for subscribed users...

Back to top

New reforms to Uzbekistan's judicial system attempt to address deficiencies
    Uzbekistan is pushing to repair the deficiencies in its court system, which include low acquittal rates and shortages of jurists.
    Starting June 1, the country will ...
     Full text available for subscribed users...

Back to top

Aggregate capital of Uzbek banking system reaches 9.9 trln. soum
    Aggregate capital of the banking system of Uzbekistan exceeded 9.9 trillion soum as of 1 April 2017, which rose by 23.3% year-on-year, the expanded session of ...
     Full text available for subscribed users...

Back to top

Prices hike for food products, cigarettes, services since start of 2017 in Kyrgyzstan
    Since start of the year, consumer prices grew by 2.2% across Kyrgyzstan, National Statistical Committee's Chief of National Accounts and Economic Balances Amangul Kulerbaeva told reporters ...
     Full text available for subscribed users...

Back to top

Investment and Export Agency prioritizes 5 economic sectors in Kyrgyzstan's development strategy until 2040
    The Investment and Export Agency at the Ministry of Economy of Kyrgyzstan has prioritized 5 economic sectors while preparing a draft of the long-term development strategy ...
     Full text available for subscribed users...

Back to top

Only 5-6 enterprises with state share bring profit in Kyrgyzstan
    Only 5–6 enterprises with state share bring profit in Kyrgyzstan, the head of the State Property Management Fund Bolsunbek Kazakov said at a meeting of SDPK ...
     Full text available for subscribed users...

Back to top

Turkmenistan’s GDP growth rate is projected to increase marginally in 2017
    Turkmenistan’s GDP growth rate is projected to increase marginally in 2017, with a moderate recovery in hydrocarbon prices and lessened exchange rate pressures, according to the ...
     Full text available for subscribed users...

Back to top

Tajikistan’s gold reserve reportedly increases by 2.3 tons
    Tajikistan’s gold reserves reportedly increased by 2.3 tons in six months to May 1, 2017, reaching 14.6 tons.
    Tajikistan has climbed three places in World Gold ...
     Full text available for subscribed users...

Back to top

Azeri bank IBA says debt to be restructured totals $3.3 billion
    The International Bank of Azerbaijan, the energy exporting country's biggest lender, said on Friday it needed to restructure more than $3 billion of its debt, most ...
     Full text available for subscribed users...

Back to top

China to extend 'Silk Road' plan to Afghanistan
    China is extending its Belt and Road Initiative to include Afghanistan.
    The development plan refers to the historic Silk Road between China and the West. It aims ...
     Full text available for subscribed users...

Back to top

Prices and Statistics

Commodities
    

Date: May 15, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 48.58 +0.74 +1.55% Jun 2017 1:24 AM
USD/bbl. 51.58 +0.74 +1.46% Jul 2017 1:24 AM
USd/gal. 159.57 +1.96 +1.24% Jun 2017 1:19 AM
USD/MMBtu 3.41 -0.02 -0.55% Jun 2017 1:23 AM
USd/gal. 151.63 +2.30 +1.54% Jun 2017 1:20 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,230.90 +3.20 +0.26% Jun 2017 1:24 AM
USD/t oz. 1,231.15 +2.72 +0.22% N/A 1:34 AM
USD/t oz. 16.54 +0.13 +0.81% Jul 2017 1:24 AM
USd/lb. 253.15 +0.75 +0.30% Jul 2017 1:23 AM
USD/t oz. 927.06 +5.78 +0.63% N/A 1:34 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 370.50 -0.50 -0.13% Jul 2017 1:22 AM
USd/bu. 429.50 -3.25 -0.75% Jul 2017 1:21 AM
USD/MT 2,015.00 +63.00 +3.23% Jul 2017 5/12/2017
USd/lb. 83.90 +1.72 +2.09% Jul 2017 1:24 AM
USd/lb. 121.78 +2.10 +1.75% Aug 2017 5/12/2017
 

Back to top

Exchange Rates
    

Date: May 15, 2017; Source: the National Bank of Kazakhstan

1 USD KZT 315.5 1 CHF

KZT 313.18

1 CNY

KZT 45.72

1 TRY KZT 87.77 1 JPY KZT 2.78
1 EUR

KZT 342.98

1 AUD

KZT 233.25

1 KGS KZT 4.66 100 UZS KZT 8.4 1 BYN KZT 168.63
1 GBP KZT 405.8 1 CAD KZT 230.21 1 RUB KZT 5.51 100 KRW KZT 27.95 1 UAH KZT 11.93

 

 

Back to top


Please contact us for subscription or to send your press releases at: news@newsline.kz
www.newsline.kz

 

  Tel.: +7 (727) 259-94-94; email: news@newsline.kz
Copyright © 2006-2017 Check Point Group