Kazakh President Kassym-Jomart Tokayev received Ali Bektayev, chairman of the Auyl party.

During the meeting Kassym-Jomart Tokayev was informed that the members of the Auyl party fully support the establishment of the National Council of Public Confidence and the Presidential Personnel Reserve as well as the initiatives of the Head of...

As part of his working trip to the USA, Prime Minister Askar Mamin visited San Francisco and met with the leadership of leading world companies in the field of innovative and digital development, venture financing and energy.

The Head of Government met with the leadership of the Center for the Fourth...

Chairman of the Ali Majlis of the Nakhchivan Autonomous Republic Vasif Talybov met with Serzhan Abdykarimov, Kazakhstan Ambassador to the Republic of Azerbaijan.

Chairman of the Ali Majlis welcomed the guest and congratulated him on his appointment as Ambassador. Speaking about the territory of Nakhchivan, its population, development, Chairman of the...

First Deputy Minister of Foreign Affairs of Kazakhstan Shahrat Nuryshev spoke about the 14th round of the Astana process on Syria, Kazinform correspondent reports. According to his words, the 14th round of negotiations led to significant results on important issues and reaffirmed the importance of the Astana peace process. The...

The President was reported about the course of implementation of the monetary policy in 11 months of 2019, inflation dynamics, the state of the National Bank’s gold and currency reserves and the National Fund’s assets. Kassym-Jomart Tokayev was also informed about the inflation forecasts, GDP increase and the current account...

ADB cuts GDP growth forecast for India and rest of developing Asia.

Persistent trade tensions taking toll, are still biggest risk to longer-term economic outlook

The Asian Development Bank (ADB) on Wednesday scaled down its forecast for India's economic growth in 2019-20 to 5.1 per cent as the foundering of a major...

Kazakhstan will accede to the Convention against tax evasion. Ratification of the Multilateral Convention on implementation of measures related to tax agreements in order to counter erosion of the tax base and removal of profits from taxation was approved in the Majilis plenary session.

As the First Deputy Prime Minister -...

Baiterek National Management Holding expands its collaboration with Silicon Valley.

QazTech Ventures JSC, the holding subsidiary, and the 500 Startups, the global venture capital seed fund, signed in San Francisco an agreement on QazTech Ventures JSC accession into the V Global Fund.

The signing ceremony took place on December 10 as part...

Kazakhstan plans to provide more than $1 billion in aid to at least four local banks after an asset quality review revealed holes in their balance sheets that require capital injections, two sources familiar with the plans told Reuters.

The move follows previous bailouts that have cost the oil-producing Central Asian...

Sweden's crown jumped to 8-month highs on Wednesday after strong inflation made it highly likely the country would end negative interest rates, while broader FX markets were quiet before central bank meetings and a U.S.-China trade deadline.

The crown was the standout performer, hitting its strongest since April against the euro...

North Caspian Operating Company B.V. (NCOC), the Operator of the North Caspian Project developing the Kashagan field has signed a Memorandum of Cooperation on Local Content Development with the Akimat of the West Kazakhstan Oblast. The document has been signed by Yermek Marabayev, Deputy Managing Director of NCOC and Mukhtar...

Kazakhstan’s liquids output in October recovered by 0.07 mb/d m-o-m to average 1.84 mb/d, higher y-o-y by 0.13 mb/d. Crude oil production in October increased by 62 tb/d to average 1.57 mb/d. NGL output also was up by 4 tb/d to average 271 tb/d, the same as a year ago.

Our...

Hydrocarbon-hungry China is tearing it up on the offshore oil and gas scene, and its rapidly growing global footprint is helped along because it’s not unconcerned with compliance, transparency, corruption or environmental issues that plague so many oil-rich countries. 

The Chinese are easy to work with, plus, Chinese development banks are...

Oil prices fell on Wednesday after industry data showed an unexpected build in U.S. crude inventories and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday. Brent futures fell 24 cents to $64.10 per barrel by 0943 GMT....

Prompt British wholesale gas prices edged higher on Wednesday morning as cooler temperatures increased demand, leaving the system undersupplied.

The within-day contract was up 0.25 pence at 33.00 p/therm by 1004 GMT.

The day-ahead contract was up 0.25 pence at 33.00 p/therm

Traders said cooler-than-expected temperatures sent prices higher.

Average UK temperature is expected...

Gas production in Kazakhstan will double by the year 2040, and the average annual growth rate of natural gas consumption is projected to be about 2%.

The gas sector in Kazakhstan and the world is one of the fastest growing energy sectors, potentially of greater interest for the future compared to...

The International Atomic Energy Agency (IAEA) on December 10 received the second and final shipment of low-enriched uranium (LEU), the IAEA reports.

Kazakhstan’s JSC National Atomic Company Kazatomprom – the world’s largest producer of natural uranium – delivered 28 cylinders of LEU to the facility at the Ulba Metallurgical Plant (UMP)...

Gold inched higher on Wednesday as investors sought safety from the threat of new U.S. tariffs on Chinese goods due to come into effect on Dec. 15 while also awaiting policy decisions from major central banks.

Autocatalyst metal palladium held steady just shy of a record high.

Spot gold had gained 0.1%...

Copper prices touched a near five-month high on Wednesday on hopes that the United States would delay imposing more trade tariffs on goods from China, which would signal a detente in the dispute that has sapped metals demand.

Although a final decision had not been made, Washington was laying the groundwork...

The First Congress of domestic producers of light industry of the Republic of Kazakhstan was held in Nur-Sultan, the press service of the Ministry of Industry and Infrastructure Development of Kazakhstan reported. As part of the event, an exhibition of domestic light industry products and a fashion show called “Energy...

From 2020 graduates of agricultural universities, who studied under the quota for rural youth, will be required to work 3 years in rural districts, according to the press service of the Ministry of Agriculture of Kazakhstan.

The Agriculture Ministry has initiated a number of amendments to the national legislation that concern...

Chicago soybean futures ticked lower on Wednesday, breaking a six-session run of gains, as concerns over Chinese demand and expectations of a record Brazilian crop weighed on the market. Wheat futures edged lower as traders revised U.S. stocks by the U.S. Department of Agriculture (USDA) downwards against large global supplies...

Russia and China plan to double by 2024 the bilateral trade turnover from current $108 billion to $200 billion through projects in energy, industry, high technology and agriculture.

The $108 billion trade turnover was reached by the two countries in 2018 thanks to implementation of a number of projects, primarily in...

 The Russian rouble opened steady on Wednesday with market eyes trained on a U.S. Senate vote on legislation that might impose new sanctions on Russia, although analysts expect the currency to remain resilient to external shocks.

At 0746 GMT, the rouble was 0.1% weaker against the dollar at 63.57, hovering near...

Shares in China inched higher on Wednesday on hopes that fresh U.S. tariffs on Chinese goods may be delayed, but gains were limited amid the lack of formal confirmation from Beijing and Washington.

The Shanghai Composite index closed up 0.2% at 2,924.42, after hitting its highest level since Nov. 20 earlier...

Concrete efforts are needed to further optimize the foreign investment environment in China amid rising global uncertainties, a new report said on Tuesday.

From 2008 to 2018, China's business environment index for foreign investment was in the top 10 among a sample of 30 countries and regions, said the Report on...

Two State-owned petroleum firms announced that they are currently negotiating with the newly-established China Oil & Gas Piping Network Corporation (PipeChina) on asset restructuring or asset injection.

The China National Petroleum Corporation, the country's largest oil and gas producer and supplier, announced that it is in preliminary discussion with PipeChina regarding...

The daily production of oil products amounted to 776,000 barrels in Azerbaijan in November 2019, 687,000 barrels of which accounted for crude oil, and 89,000 barrels - for condensate, Trend reports referring to Azerbaijani Ministry of Energy.

Some 577,000 barrels of crude oil, 82,000 barrels of condensate and 26,400 barrels of other oil...

Date: December 12, 2019; Source: Bloomberg.com

Energy

Precious and Industrial Metals

Agriculture

Date: December 12, 2019; Source: the National Bank of Kazakhstan