Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – July 20, 2010

Posted on July 20, 2010 by KazCham

HEADLINES:

Max Petroleum to lose Astrakhanskiy block license
(SRI) – Max Petroleum Plc said on Monday the Kazakhstan government had notified the company about the termination of its subsoil use license for the Astrakhanskiy block after it failed to comply with work obligations.

German companies sign business deals worth $2.6 billion in Kazakhstan
(SRI) – German Chancellor Angela Merkel concluded a week-long tour across Central Asia with an official visit to Kazakhstan on Sunday, signing business deals worth more than EUR2 billion euros ($2.6 billion).

Fitch Upgrades Alliance Bank to ‘B-’ on completion of restructuring
(Fitch Ratings) – Fitch Ratings has upgraded Alliance Bank’s Long-term foreign currency Issuer Default Rating (IDR) to ‘B-’ from ‘RD’ (Restricted Default), and assigned a Stable Outlook.

ENERGY:

Iran and Kazakhstan to establish oil workgroup (Steel Guru)

BUSINESS AND ECONOMY:

Kazakhstan gears up to issue first sukuk (Arab News)

Kazakhstan, Belarus scrap import duties on airplanes (RIA Novosti)

National Bank of Kazakhstan: Exchange rates July 20, 2010 (Kazakhstan Today)

METALS AND MINING:

Japan JOGMEC in pact to explore Kazakhstan minerals (Reuters)

SOCIETY:

Kazakh archeologists discover ancient Scythian “Sun Lord” (EurasiaNet)

Kazakh businessman to help independent weekly pay fine (RFE/RL)

REGIONAL:

Uzbek women accuse state of mass sterilizations (AP)

President’s daughter, 16, ‘new face of Tajik TV’ (AFP)

Turkey becomes global power in construction (AP)

SOURCE: http://silkroadintelligencer.com/2010/07/20/kazakhstan-daily-news-roundup-july-20-2010/

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