Prime Minister Askar Mamin met with the Chairman of the Standing Committee of the National People's Congress of the People's Republic of China Li Zhanshu at the Astana International Financial Center.

The Head of Government discussed with the head of the Chinese parliament the prospects for further cooperation in conjunction with...

Prime Minister Askar Mamin made a working trip to the Almaty region, where he got acquainted with the implementation of investment projects under the Nurly Zhol, Nurly Zher, Industrial and Innovative Development state programs, initiated by the First President – Elbasy Nursultan Nazarbayev, as well as execution of the Head...

The head of state, Kassym-Jomart Tokayev, has appointed commanders of the Air Force and troops of the Vostok RC, according to the press service of the President of the Republic of Kazakhstan.

"Nurbolat Topaev was appointed commander of the Air Force of the Air Defense Forces of the Armed Forces of...

Police detained dozens of protesters in Kazakhstan Saturday for rallying against Chinese economic expansion and former strongman President Nursultan Nazarbayev, who is still a powerful force in the former Soviet nation.

An AFP correspondent saw around three dozen people apprehended by police and bundled into vans in the centre of Almaty, Kazakhstan's...

At a meeting of the National Commission for Modernisation chaired by Prime Minister Askar Mamin and attended by Speaker of Parliament Nurlan Nigmatulin, the implementation of the Nation’s Plan of 100 Concrete Steps to Implement the Five Institutional Reforms of the First President Elbasy Nursultan Nazarbayev was reviewed.

“The implementation of...

Chairman of the Majilis Nurlan Nigmatulin has met with Ahmad bin Abdullah bin Zayed Al Mahmoud, head of the Advisory Council of Qatar, who came to Kazakhstan to partake in IV Meeting of Speakers of the Eurasian Countries' Parliaments.

Nurlan Nigmatulin welcomed his Qatari counterpart’s participation in the parliamentary forum themed...

Nurlan Nigmatulin, Speaker of the Majilis of Kazakhstan’s Parliament, has met with Mir Rahman Rahmani, Chairman of the Wolesi Jirga of Afghanistan. He had arrived in Kazakhstan to attend IV Meeting of Speakers of the Eurasian Countries' Parliaments.

During the meeting, which has taken place today in the Majilis, Nurlan Nigmatulin...

On September 22 Chairman of the Majilis Nurlan Nigmatulin has held a series of bilateral meetings with the participants of the IV Meeting of Speakers of the Eurasian Countries' Parliaments.

Parliamentary forum themed «Greater Eurasia: Dialogue. Trust. Partnership.» will start on September 24 in Nur Sultan. However, the first delegations have...

Nurlan Nigmatulin Speaker of the Majilis has met with Li Zhanshu, Chairman of the Standing Committee of the National People's Congress of the People's Republic of China, who arrived in Kazakhstan on his first official visit.

Stressing the strategic nature of the Kazakh-Chinese relations, N.Nigmatulin focused on a strong political dialogue,...

Head of State Kassym-Jomart Tokayev has received the prominent French politician, president of «Attali and Associés» association Jacques Attali.

The parties have discussed topical issues of the international agenda, interaction of the European countries with Central Asia as well as promotion of socio-economic transformations in Kazakhstan.

By Kazinform.

The government delegation led by the Deputy Prime Minister Berdibek Saparbayev met with the public of Semey.

At a meeting with the citizens of Semey, the priority tasks of the Address of the President Kassym-Jomart Tokayev "Constructive Public Dialogue – the Basis of Stability and Prosperity of Kazakhstan" were discussed.

The event...

After almost a decade’s effort, Kazakhstan plans to launch in January 2020 a new system of compulsory insurance. The system is meant to lower the cost of healthcare and expand the number of Kazakhs who have access to healthcare through compulsory contributions by citizens and businesses to the national healthcare...

Deposits of the population in banks included in the collective insurance system as of the end of July 2019 amounted to 8.7 trillion tenge, 2.6% more than a year earlier.

Of these, 87.3% accounted for term deposits, which over the year increased by 0.6%, up to 7.6 trillion tenge. A year...

The research department of the Digital Agency of Artox Media Digital Group conducted a study of the visibility of sites of domestic banks for Google and Yandex search engines. This criterion allows to determine how much a particular site is popular in search engines in comparison with competitors.

The analysis was...

The next start-ups received $600 thousand or about 232 million tenge for their development following the results of the third wave of Start-up Kazakhstan acceleration. According to Tech Garden, 26 projects were funded. Each of them received up to $31 thousand.

"In Kazakhstan, it turned out that it was necessary to...

The share of China in foreign investment in Kazakhstan is declining. Such data were cited by Vyacheslav Dodonov, chief researcher at KazISS. During the round table, a representative of the Kazakhstan Institute for Strategic Studies noted that from 2013 to 2018, China's share in the gross inflow of foreign investment...

According to the National Bank, in the first quarter of 2019, most of the funds were invested in professional, scientific and technical activities at more than $14.6 billion. Of these, $14.1 billion accounted for the work of parent companies and management consultations.

$5.1 billion was invested in mining and quarrying. The...

The weighted average dollar rate on the Kazakhstan Stock Exchange on September 20, 2019 at 17:00 amounted to 386.63 tenge.

During the trading week, the national currency fell by 1.54 tenge. On Monday, September 16, the weighted average rate was at 385.16 tenge per dollar, on Friday, September 20 at 386.70...

The U.S. dollar rose against a basket of currencies on Friday, putting it on track for its first weekly increase in three, prompted by hopes of progress in U.S.-China trade talks and that the Federal Reserve would not lower rates aggressively.

Sterling retreated from a two-month high versus the greenback after...

In the year of independence, the country extracted 26.6 million tonnes of raw materials. In subsequent years, production slightly decreased and reached a minimum of 20.2 million tonnes in 1994. It was possible to restore and even slightly exceed the 1991 figure only in 1999, when the oil industry mined...

During a speech at the round table on the localisation of OEM goods, the General Director of Tengizchevroil, Imer Bonner, announced a number of initiatives implemented by the company to localise certain types of goods and transfer technology.

TCO, together with large suppliers, have reached agreements that will allow them to...

The department of labour inspection of Mangystau region reported that the requirements of the workers were partially satisfied. A labour dispute with employees of Mobile Service Group in the Karazhanbas and Kalamkas fields in Mangystau region has been settled, the company is operating normally, the press service of KazMunaiGas NC...

The court also decided to confiscate from the members of the criminal group the proceeds from the illegal sale of bitumen in the amount of 3.9 billion tenge and 5 trucks.

A specialised inter-district criminal court of West Kazakhstan region sentenced 6 members of organised crime groups, who illegally imported oil...

Prime Minister of Kazakhstan Askar Mamin and President of PJSC LUKOIL Vagit Alekperov have opened a new lubricants plant in the Almaty region (Republic of Kazakhstan) with an annual output of 100,000 tons, the company reported.

The plant will produce more than 800 different lubricants, including LUKOIL GENESIS that features innovative...

On September 20, the Chairman of the board of KazMunayGas NC, Alik Aidarbayev, and the President of Lukoil, Vagit Alekperov, signed an agreement on joint exploration of sites in Kazakhstan, the press service of the national company KazMunayGas reported on Friday.

“The document was signed during the visit of Vagit Alekperov...

Kazakhstan’s benchmark Urals crude’s differentials to dated Brent in northwest Europe were up on Friday in a spot tender, while a prompt-loading cargo of CPC Blend was offered lower.

Traders expect the Urals crude loading schedule for the full month of October to emerge next week to set the direction for...

Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia’s energy industry last weekend.

Brent crude LCOc1 futures fell 12 cents to settle at $64.28 a barrel,...

Gold rose on Friday, heading for its first weekly rise in four, helped by a weaker dollar and escalating tensions in the Middle East, while palladium soared to a new all-time peak amid short supply.

Spot gold was up 0.3% at $1,503.28 per ounce, as of 1005 GMT, up about 1%...

Nickel prices climbed on Friday as stainless steel producers bought supplies ahead of a Chinese holiday and an Indonesian nickel ore export ban that could create shortages.

Top supplier Indonesia's plan to ban exports of nickel ore has been brought forward by two years to Jan. 1, 2020, and the Philippines,...

The Chairman of the Board of the West Kazakhstan Regional Energy Network Company, Zhakyp Khayrushev, expressed an opinion on whether it would be possible to eliminate intermediaries in the energy market of Kazakhstan.

“The modern model of development of the electric power industry assumes an energy supply chain to the consumer,...

ENEVERSE KUNKUAT, a subsidiary of Singapore-based companies, launched Sept. 3 a 100 megawatt (MW) solar power plant in the Almaty region near the city of Kapshagai. The power plant will annually produce approximately 160 million kilowatts (KW) of electricity and reduce carbon dioxide emissions by 150,000 tonnes per year.

“There is...

The Ministry of Industry and Infrastructure Development told which regions are lagging behind in the pace of housing construction. The First Vice Minister Kairbek Uskenbaev noted that under the Nurly Zher program, in most regions construction is proceeding in accordance with the schedule.

"Two regions are lagging behind. Compared to last...

Kazakhstan’s EcostroyNII-PV company makes in-home production and sales of innovative building materials made from ash and slag waste.

According to the company’s representatives, a group of scientists from Pavlodar State University named after Sultanmakhmut Toraigyrov proposed the production of building materials using ash and slag waste and bauxite sludge, which is...

Over 7 months of this year, Kazakhstan’s trade turnover amounted to 53.8 billion US dollar, with an increase by 3.6% compared with the same period a year earlier at 52.9 billion US dollar.

The growth in trade this year is due to an increase in imports by 11.7%. The value over...

The Ministry of Ecology, Geology and Natural Resources called on retail chains to abandon the free distribution of plastic bags. According to the head of the department, Magzum Mirzagaliyev, today more than 5 million tonnes of municipal solid waste per year are generated in the country.

"Of these, at least 11-15%...

Due to the introduction of the Tax free system, it is planned to additionally attract about 300 thousand foreign tourists a year to Kazakhstan. This was reported in the National company Kazakh Tourism.

At the international tourism exhibition of the Asia-Pacific region PATA Travel Mart 2019, Deputy Chairman of the Board...

On September 19-20, an away meeting of the Committee on Agricultural Issues, Nature Management and Rural Development on the Development of Agricultural Science, Personnel Training and Implementation of the State Agro-Industrial Complex Development Program for 2017-2021 was held in Almaty and Almaty Region, the Ministry of Agriculture press service reported.

Ali...

In January-July 2019, the export of wheat and meslin from Kazakhstan amounted to 3.3 million tonnes, which is 4% less than in 2018.

The total value of the supplied wheat amounted to $608.4 million. Revenue from export of goods increased by 15.5%.

Referring to the statistical data, over 7 months, export prices...

Ai-Kazhi Ak-Altyn plans to commission a cotton processing plant worth 896 million tenge in Turkestan region. The production capacity will be 15 thousand tonnes of processed products per year. It is planned that the plant will be commissioned in 2020 in the Shardara district. During operation, the plant will create...

U.S. soybean futures fell more than 1% on Friday to the lowest in a week on rising doubts about a breakthrough in U.S.-China trade talks and forecasts for favorable crop weather across the U.S. Midwest.

Corn and wheat also declined, following soybeans, although both grains closed with modest weekly gains.

News that...

The Committee for the Protection and Development of Competition of the Ministry of National Economy of Kazakhstan has launched an investigation into the Air Astana and SCAT airlines due to high ticket prices. This was reported by the press service of the Ministry.

“In order to study the practice of pricing...

The market carnage caused by Russia’s Black Monday sent the rouble into its deepest plunge in years, caused by investors’ psychological response to risks from U.S. sanctions, but no further downturn is expected if there are no geopolitical factors, experts tend to observe.

Russia’s federal budget and exporters will benefit from...

The total value of Russia’s oil reserves is estimated at 74.5 trillion rubles ($1.2 trillion), almost double the valuation compared to a year ago, the country’s Ministry of Natural Resources and Environment has said.

The total value of hydrocarbons, gold, diamonds, copper, and iron ore is estimated at 93.4 trillion ($1.5...

The Russian rouble strengthened on Friday as oil prices headed for their biggest weekly gain in months.

At 0730 GMT, the rouble was 0.2% stronger against the dollar at 63.84 and up 0.1% to 70.61 versus the euro .

Prices for oil, Russia’s main export, were on track to rise more than...

China stocks firmed on Friday but posted modest weekly losses, after Beijing’s cautious monetary easing this week to support an economy hit by a protracted trade dispute with the United States.

The blue-chip CSI300 index rose 0.3%, to 3,935.65, while the Shanghai Composite Index ended up 0.2% at 3,006.45.

For the week,...

Foreign-invested companies voice optimism about the Chinese market, stressing its irreplaceable role in their businesses and pledging further investment in the world's second-largest economy.

In an exclusive interview with Xinhua, Rachel Duan, president and CEO of General Electric's Global Growth Organization, said China has always been the company's key strategic market...

The value of bonds issued in China last month totaled 4.4 trillion yuan (about 622.3 billion U.S. dollars), up from 3.5 trillion yuan in July, official data showed.

Treasury bond issuance stood at 424.4 billion yuan, while local government bond issuance was 569.5 billion yuan, according to the People's Bank of...

China's interbank money market saw 82.8 trillion yuan (about 11.7 trillion U.S. dollars) in transactions in August, down 10.18 percent year on year, data from the People's Bank of China showed.

The pledged repo turnover went down 6.92 percent to 70.5 trillion yuan, while the outright repo turnover plunged 34.24 percent...

Azeri-Chirag-Gunashli (ACG) was a landmark contract for Azerbaijan and for the whole Caspian region, Elena Anankina, credit analyst focusing on energy and the primary analyst on SOCAR at S&P Global Platts observes.

She made the remarks on the occasion of the 25th anniversary of the Contract of the Century.

“Now 25 years...

Date: September 23, 2019; Source: Bloomberg.com

Energy

Precious and Industrial Metals

Agriculture

Date: September 23, 2019; Source: the National Bank of Kazakhstan