Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – October 18, 2010 0

Posted on October 18, 2010 by KazCham

HEADLINES:

Kazakhstan sees first Islamic bond by year-end
(bne) – After a lengthy delay, the government is on track to issue Kazakhstan’s first sovereign sukuk, or Islamic bond, before the end of this year – a key step in the country’s desire to become a regional financial hub, says Arken Arystanov, head of the Regional Financial Centre of Almaty City (RFCA).

ENERGY:

KazMunaiGas to issue $680-million bond on KASE (SRI)

Kashagan production seen by 2013 (New Europe)

KazMunaiGas, CNPC plan pipeline JV for Q4 2010 (Oil and Gas Eurasia)

Ukraine may build power stations in Kazakhstan (Interfax – Kyiv Post)

BUSINESS AND ECONOMY:

Jan-Aug GDP up 7.9% year-on-year (SRI)

Kazakhstan, Hong Kong billionaires plan fund – Kazakh PM (Bloomberg)

Kazakh tenge may advance 3.9% next year on inflation, oil – Citigroup (Bloomberg)

Kazakhstan exported 2.2 million tonnes of grains in current marketing year (AgriMarket.Info)

Kazakhstan may introduce income declaration before 2016 (Interfax)

Kaspi Bank keeps plans for external borrowings on hold (Interfax)

Kazakhstan to trim civil service personnel by 26,000 (Interfax)

National Bank of Kazakhstan: Exchange rates October 16-18, 2010 (Kazakhstan Today)

Indicators – October 15, 2010 (Reuters)

METALS AND MINING:

ENRC planning to boost African copper output by more than six-fold by 2013 (Bloomberg)

Kazakh potash `wild card’ firm Satimola seeks $100-million IPO in 2011 (Bloomberg)

POLITICS:

Turkey trains Kazakh troops – minister (Today’s Zaman)

Kazakhstan and NATO to develop cooperation in order to maintain regional security (Interfax)

SOCIETY:

Storck to quit as Kazakh coach (AFP)

REGIONAL:

U.S. ready for talks with Kyrgyzstan on base

(AFP)

Kyrgyz parties agree vote recount after protests (Reuters)

Kazakhstan Daily News Roundup – October 7, 2010 0

Posted on October 07, 2010 by KazCham

HEADLINES:

EDB ready to raise funds
(bne) – The Eurasian Development Bank was quick to raise money on international financial markets in its first few months of operation. Four years on, it has no urgent need for funds, but all the tools are in place, allowing it to spring into action when required.

Tengizchevroil sets daily production record
(SRI) – Tengizchevroil (TCO), the Chevron-led venture developing the giant Tengiz oil field, this week set a new daily crude production record of more than 624,000 barrels of crude oil per day, TCO’s new CEO Tim Miller said Wednesday.

Kazakh wealth fund eyes $2 bln in loans for ENRC
(Reuters) – Kazakh sovereign wealth fund Samruk-Kazyna plans to help miner ENRC attract around $2 billion in loans, possibly from Chinese banks, to develop its iron ore unit, the head of the fund said on Wednesday.

ENERGY:

Rosneft halts talks with Lukoil on buying CPC pipeline stake (RIA Novosti)

BUSINESS AND ECONOMY:

Steppe Cement market share grows to 21.5% (SRI)

Kazakhstan average grain production to grow to 17.8 million tonnes until 2015 (SRI)

Russia-Kazakhstan nanotechnology venture fund moves closer to founding (Nanowerk)

REGIONAL:

Kyrgyzstan to vote amid fear of more violence (Reuters)

Tajik military helicopter crash kills 28 – sources (Reuters)

SOURCE: http://silkroadintelligencer.com/2010/10/07/kazakhstan-daily-news-roundup-october-7-2010/

Kazakhstan Daily News Roundup – August 27, 2010 0

Posted on August 27, 2010 by KazCham

HEADLINES:

Kazakhmys warns on costs after H1 EPS rises 130%
(Reuters) – Kazakh copper miner Kazakhmys posted an expected 130% rise in underlying first-half earnings per share on higher prices and warned about rising costs in the second half.

Bank CenterCredit net income falls by half in H1
(SRI) – Bank CenterCredit (BCC), Kazakhstan’s fifth largest bank, said its net profit was KZT2.0 billion ($13.4 million) in the first six months of 2010, down 48.2% year-on-year, according to its IFRS consolidated financial results.

Samruk-Kazyna files claim against BTA over loans (SRI)

ENERGY:

Zhaikmunai completes first oil shipment via Ukrainian Black Sea port (SRI)

BUSINESS AND ECONOMY:

BTA Bank commences distribution of entitlements (Interfax)

Kazakhstan to extend grain sales market (AgriMarket.Info)

IFC helps Kazakh poultry business expand production, improve standards (Media Newswire)

National Bank of Kazakhstan: Exchange rates August 27, 2010 (Kazakhstan Today)

METALS AND MINING:

KazakhGold issues statement on tax audit (Tax-News.com)

Alhambra announces financial and operating results for Q2 (Marketwire)

REGIONAL:

Rotating statue of late Turkmen dictator removed (AP)

Exxon Mobil to open Turkmenistan office in race for Central Asian reserves (Bloomberg)

SOURCE: http://silkroadintelligencer.com/2010/08/27/kazakhstan-daily-news-roundup-august-27-2010/

Kazakhstan Daily News Roundup – August 25, 2010 0

Posted on August 25, 2010 by KazCham

HEADLINES:

U.S. judge rejects BTA Bank’s bid to stop lawsuit
(SRI) – A federal bankruptcy judge has denied BTA Bank’s attempt to use U.S. bankruptcy law to shield it from an overseas legal proceeding, a ruling that limits the reach of the U.S. bankruptcy court in foreign insolvency disputes.

CPC may borrow $1 billion to fund expansion
(SRI) – The Caspian Pipeline Consortium (CPC) plans to invest up to $4.6 billion by 2014 to increase the capacity of the CPC pipeline which connects oil fields in western Kazakhstan with the Russian Black Sea port of Novorossiisk, CPC head Aleksander Tarakanov said on Tuesday.

Kazakhstan first in, first out of crisis (bne)

BUSINESS AND ECONOMY:

Average grain yield in Kazakhstan (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates August 25, 2010 (Kazakhstan Today)

METALS AND MINING:

KazakhGold initiates unscheduled tax audit of Kazakhaltyn subsidiary (Interfax)

POLITICS:

Nazarbayev appoints new head of National Security Committee (Itar-Tass)

Ministries of Internal Affairs and Emergency Situations to devise migration regulation plan (Interfax)

Kazakh official injured in drive-by shooting (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2010/08/25/kazakhstan-daily-news-roundup-august-25-2010/



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