Kazakhstan Chamber of Commerce in the USA

KazCham



KASE Index rises 1.23% on Monday 0

Posted on October 23, 2011 by Alex

The primary index on the Kazakhstan Stock Exchange (KASE), the KASE Index, rose by 1.23% to 1,163.88 points on Monday, after staying nearly flat all last week, the stock exchange said in a statement.  Halyk Bank, Kazakhstan’s second-largest lender, gained 7.9% on Monday while Kazkommertsbank, the largest Kazakh bank, dropped 3.8%.  Since the beginning of the year, the KASE Index is down by 32.3%.

SOURCE: http://silkroadintelligencer.com/wp-content/files/srikznewsbrief_oct18_2011.pdf

Kazakhstan Daily News Roundup – September 26, 2011 0

Posted on September 26, 2011 by Alex

ENERGY:

Tengizchevroil pays $11.5-million environmental fine – PGO (SRI)

KMG, Sinopec sign agreement on cooperation (SRI)

BUSINESS AND ECONOMY:

Kazakhstan faces growing need for warehouse space
(bne) – New modern warehouses are being built in Kazakhstan, but the country still has a pressing need for more, especially in the far-flung central and western cities where food is still stored in rat-infested Soviet buildings.

KASE Index falls 6.74% on Thursday and Friday (SRI)

BAE may sell part of Air Astana stake in preparations for “people’s IPO” (SRI)

Kazakhstan to produce 25 million tonnes of grains this year (SRI)

Kazkommertsbank to liquidate Netherlands-registered subsidiary (SRI)

Kazakhstan sees GDP growth at 7% for 10 years – Foreign Minister (Reuters)

Kazakhstan, Turkmenistan to commission rail link in October (SRI)

Kazakhstan keen to expand UAE trade ties (Khaleej Times)

Tajik Air planes refuel in Kazakhstan (Trend)

Kazakhstan not to export wheat to Iran (Trend)

Indicators – September 23, 2011 (Reuters)

POLITICS AND SECURITY:

Russia, Kazakhstan may merge air defense systems – RIA Novosti (Bloomberg)

Nazarbayev reiterates Kazakhstan’s willingness to house nuclear fuel bank (Interfax)

SOCIETY:

Energy coin fuels Kazakh production plans (Variety)

REGIONAL:

Mongolia’s high plains herders warily eye coal truck (Reuters)

New ‘Silk Road’ eyed for Afghanistan (AFP)

SOURCE: http://silkroadintelligencer.com/2011/09/26/kazakhstan-daily-news-roundup-september-26-2011/

Kazakhstan Daily News Roundup – September 22, 2011 0

Posted on September 22, 2011 by Alex

Kazakhstan Daily News Roundup – September 12, 2011 0

Posted on September 12, 2011 by Alex

Kazakhstan Daily News Roundup – September 7, 2011 0

Posted on September 07, 2011 by Alex

Kazakhstan Daily News Roundup – September 2, 2011 0

Posted on September 03, 2011 by Alex

ENERGY:

Kazatomprom, Cameco joint venture to increase uranium production
(SRI) – Kazakhstan’s state-owned uranium miner and Canada’s top uranium producer Cameco Corp signed an agreement to increase uranium production at the Inkai LLP joint venture by a third to 5.2 million pounds from 3.9 million pounds, the Canadian company said in a statement.

Strikes hit production at Karazhanbasmunai (SRI)

Foster Wheeler gets Atyrau Refinery upgrade contract (SRI)

KazTransGas, Kolon Corporation to build 100 natural gas filling stations in Kazakhstan (SRI)

BUSINESS AND ECONOMY:

ATF Bank losses narrow in first half (SRI)

Inflation slows to 0.3% in August (SRI)

KASE Index rises by 3.08% on Thursday (SRI)

Development Bank of Kazakhstan lends $150 million to Kazakh grain exporter (SRI)

Home Credit Bank net income increases more than twofold in H1 (SRI)

Kazakhstan harvested grains throughout 13% of the areas (AgriMarket.Info)

Indicators – September 1, 2011 (Reuters)

METALS AND MINING:

Hambledon Mining reveals more significant drill results from Sekisovskoye (Proactive Investors)

Orsu Metals completes feasibility study drilling program (Marketwire)

POLITICS AND SECURITY:

Kazakhstan to toughen fight against corruption and reconsider humanitarian criminal code(Trend)

SOCIETY:

Kazakh head wants tougher laws to counter extremism
(Reuters) – The spread of religious extremism threatens stability in mainly Muslim Kazakhstan, President Nursultan Nazarbayev said on Thursday, urging parliament to adopt tougher laws on migration and religious activity.

Religious organizations to be re-registered in Kazakhstan (Interfax)

REGIONAL:

South Korea deepens role in Central Asia (Asia Times)

SOURCE: http://silkroadintelligencer.com/2011/09/02/kazakhstan-daily-news-roundup-september-2-2011/

Kazakhstan Daily News Roundup – August 22, 2011 0

Posted on August 24, 2011 by Alex

ENERGY:

On the move: RBG, Ministry of Industry and New Technologies (SRI)

Condor Kazakhstan well tests 300 bpd of 35 degree API gravity oil (Oil and Gas Eurasia)

BUSINESS AND ECONOMY:

Kazakhstan makes progress in building upon oil wealth; needs to further diversify economy – IMF
(SRI) – Kazakhstan’s oil wealth has had a positive effect on economic growth but the country needs to step up its efforts to develop other sectors of the economy, the International Monetary Fund (IMF) said in a report published last week.

KASE Index drops 4.84% on Friday (SRI)

Food Corporation distributes 1 million tonnes of grain at fixed price (Interfax)

Indicators – August 19, 2011 (Reuters)

METALS AND MINING:

Rare earth metal exports rise 75% in first half of 2011 (SRI)

ENRC needs tough outside voices if founder joins board (Reuters)

POLITICS AND SECURITY:

Kazakhstan’s ruling party takes all seats in Senate election (RFE/RL)

Former top Kazakh official under investigation (RFE/RL)

Kazakhstan, Kyrgyzstan, Tajikistan to set up joint emergency response center (Interfax)

SOCIETY:

Kazakhstan blocks “extremist” foreign Internet sites
(Reuters) – A court in Kazakhstan ruled on Friday to block access to 13 foreign Internet sites, including the popular blogging service LiveJournal, saying they were propagating terrorism and inciting religious hatred.

REGIONAL:

Satellite loss deals ’severe blow’ to Russia – experts (AFP)

SOURCE: http://silkroadintelligencer.com/2011/08/22/

Kazakhstan Daily News Roundup – July 7, 2011 0

Posted on July 06, 2011 by KazCham

Kashagan said in crisis (again)

(bne) – Shell and its partners developing the Kashagan oilfield will have to ask the Kazakh government for an extension to the 2013 deadline for the first oil from the troubled project, in what would be a humiliating move that could have dire consequences for the future of the project, according to The Daily Telegraph.

ENERGY:

Consortium launches $5.4-billion pipeline expansion (SRI)

Max Petroleum to raise production in Q3; receives trial production approval (SRI)

Gazprom cosies up to Kazakh billionaire (Financial Times)

Jupiter Energy eyes significant milestones in coming months (Proactive Investors)

BUSINESS AND ECONOMY:

BTA makes $166.4 coupon payment (SRI)

On the move: BTA Bank, Samruk-Kazyna (SRI)

Saks, de Beers opening stores in Kazakhstan (SRI)

Monthly inflation 0.3% in June (SRI)

Kazakh central bank leaves refinancing rate unchanged at 7.5% (SRI)

S&P affirms Kazpost ratings, withdraws them upon company request (S&P)

New defaults on the Kazakhstan Stock Exchange possible – KASE chairman (Interfax)

Indicators – July 5, 2011 (Reuters)

METALS AND MINING:

Kazakhstan may build new gold refinery to help boost output (SRI)

Kazakhmys to consider acquisitions with “huge” production potential (SRI)

Kazakh, Slovak companies to mine for lead ore in eastern Kazakhstan (SRI)

Sunkar reports progress on Chilisai project study (SRI)

First Quantum won’t sell its congolese plant to ENRC, pursues mine rights (Bloomberg)

POLITICS AND SECURITY:

The scent of elections (EurasiaNet)

Kazakhstan opens naval air base, intimidates strikers? (EurasiaNet)

SOCIETY:

Sting cancels Kazakh concert over oil worker dispute (SRI)

Kazakhs invest in new Astana (euronews)

Authoritarian Kazakh prez to be hero of fairy tale (AP)

REGIONAL:

U.S. shifts supply routes to Central Asia – report (AFP)

Turkmenistan president ’sings own birthday song’ (AFP)

SOURCE: http://silkroadintelligencer.com/2011/07/07/kazakhstan-daily-news-roundup-july-7-2011/



↑ Top