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Kazakhstan Daily News Roundup – August 17, 2011

Posted on August 19, 2011 by Alex

ENERGY:

Tethys narrows losses in first half of 2011 (SRI)

MIE Holdings acquisition of BMB Munai’s Emir Oil approved by Kazakh Ministry of Oil and Gas (SRI)

Caspian states review oil spill response (UPI)

BUSINESS AND ECONOMY:

Halyk Bank H1 net income up 27%
(SRI) – Halyk Bank, Kazakhstan’s second-largest lender by assets, said on Tuesday its net income grew by 26.9% year-on-year to KZT21.1 billion ($144 million) in the first half of 2011.

Samruk-Kazyna gives up control of Development Bank of Kazakhstan, other assets
(SRI) – In a move to reorganize the management of state-owned assets, the Kazakh government transferred control of the Development Bank of Kazakhstan and other entities from Samruk-Kazyna to other government agencies, the Kazakhstan-Novosti news agency reported.

Indicators – August 16, 2011 (Reuters)

METALS AND MINING:

Kazakhstan raises steel output in Jan-July (SRI)

Frontier Mining receives second $5 million tranche for Benkala copper project (Proactive Investors)

POLITICS:

Profile: Aset Isekeshev – Minister of Industry and New Technologies, Deputy Prime Minister
(SRI) – Aset Isekeshev, one of Kazakhstan’s most influential politicians, serves as the Deputy Prime Minister and Minister of Industry and New Technologies.

SOCIETY:

Almost 40% of Kazakhs oppose hijabs – poll (Interfax)

SOURCE: http://silkroadintelligencer.com/2011/08/17/

 

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