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News: Friday, September 30, 2016 -- Issue 2587 http://www.newsline.kz/rss/

Article of the Day

Nazarbayev surveys construction of Central Asia's longest bridge crossing
    During his working trip to the Pavlodar Oblast on Thursday, President Nursultan Nazarbayev surveyed the progress with the construction of Central Asia's longest bridge crossing over the Irtysh River.
    This large-scale project is a part of the Centr-Vostok Highway and is being implemented within the Nurly Zhol Program.
    Nazarbayev also met with builders and workers, a presidential press statement said.
    At the meeting, the president stressed the government would continue to create needed conditions to improve transport infrastructure and the investment attractiveness of the region as part of the Nurly Zhol program.
    Participants in the meeting in turn, expressed gratitude for the implementation of state programs for infrastructure modernization, accoding to Kazinform.

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Kazakhstan General

How Kazakh diplomacy could help North Korean denuclearization
    Opinion by Eugene Lee
    On 28-31 of August in Astana, Kazakhstan one unique, if not historic, event has taken a place. Kazakhstan celebrated its 25th anniversary of ...
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UNGA speech outlines Kazakh commitment to global security ahead of UNSC tenure
    This year’s United Nations General Assembly session in New York was especially poignant for Kazakhstan.
    Coming just before it celebrates its 25th anniversary and takes its ...
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Oil and Gas Sector

Kazakh energy ministry withdraws statement on Kashagan start-up
    By Alla Afansyeva and Olga Yagova
    Kazakhstan's Energy Ministry on Thursday withdrew a statement announcing the start of production at the Kashagan offshore oil field saying it ...
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Giant Kashagan oil field being tested
    Testing and precomissioning works started at Kashagan oil field in the Kazakh sector of the Caspian sea, Sputnik Kazakhstan news agency reported on September 29 with ...
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Oil industry casts doubt on OPEC's output agreement
    By Chris Woodyard
    What some thought might be a turning point for the Organization of the Petroleum Exporting Countries was looking like another false start Thursday, causing ...
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Oil prices ebb as investors need more certainty
    By Nigar Abbasova
    Global oil prices climbed by 6 percent as cartel ministers reached consensus on production curbs, but later recorded fall amid strengthening skeptical forecasts over ...
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Oil prices down on profit-taking after two-day jump
    By Osamu Tsukimori
    Oil prices dropped on Friday on profit-taking, after rising 7 percent in the past two sessions, amid doubts that OPEC's first planned output cut ...
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Finance and Investment

Kazkommertsbank swings to H1 profit
    By Olzhas Auyezov
    Kazkommertsbank, Kazakhstan's largest lender by assets, posted a net income on Thursday of 43.2 billion tenge ($129 million) in the first half of 2016, ...
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Kazakhstan Railways to be reorganized
    Kazakhstan Temir Zholy JSC will be reorganized, the company has announced.
    A draft government decree on the reorganization of NC Kazakhstan Temir Zholy JSC via the creation ...
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Astana hosts Kazakh-Chinese tourism forum
    On September 28, Astana hosted the Kazakh-Chinese tourism forum.
    While opening the forum, Chairman of the Board at the Atameken National Chamber of Entrepreneurs Ablay Myrzakhmetov said ...
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Kazakhstan ready to share PPP experience with Belarus
    Kazakhstan is ready to share its experience in the development of public-private partnership with Belarus, Deputy Chairman of the Board at the Kazakhstan Public-Private Partnership Center, ...
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Indonesian Financial Service Authority signs deal with AIFC
    The Financial Service Authority (OJK) has established cooperation with Kazakhstan’s Astana International Financial Center (AIFC).
    OJK’s Deputy Commissioner for First Banking Monitoring Mulya E. Siregar said the ...
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Metals and Minerals

Glencore’s Congo connection adds another source of unease
    By Scott Patterson
    A Justice Department investigation into a Glencore PLC business partner in the Democratic Republic of Congo could pose a another headache for the Swiss ...
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Trade and Consumer Goods

China a net importer of Kazakh potash
    China has become a net importer of Kazakhstan's potash fertilizers, Chairman of the Board at the KazNex Invest National Agency for Export and Investment, Borisbiy Zhangurazov ...
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OSCE, World Customs Organization promote cross-border trade in Central Asia
    On September 27-29, Astana is hosting an OSCE-supported regional discussion on trade facilitation through enhancing regional transit for public and private sector representatives from Central Asia ...
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Communications and Transportation

Kazakhstan eager to cooperate with Belarus in information technology
    Kazakhstan is interested in advancing its cooperation with Belarus in information technology, BelTA has learned from Galymbek Mamrayev, deputy chairman of the board at the Kazakhstan ...
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Estonian transit firms post rep to Kazakhstan
    Estonian private and public sector transit firms have pooled resources and posted a representative to the Estonian embassy in Kazakhstan for one year for which the ...
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People and Professional Development

Azerbaijan's first lady meets with Kazakh State Secretary
    Azerbaijani first lady and President of the Heydar Aliyev Foundation Mehriban Aliyeva has met with State Secretary of the Republic of Kazakhstan Gulshara Abdykalikova, who was ...
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Iran's Jahangiri congratulates Sagintayev on new appointment
    In an official letter to Bakytjan Sagintayev, Iran’s First Vice President Es’hagh Jahangiri, congratulated the new Kazakh prime minister on his appointment.
    Jahangiri voiced his hope that ...
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Culture and Society

Kazakhstan selects 'Amanat' for foreign-language Oscar category
    By Nick Holdsworth
    Satybaldy Narymbetov's national epic spans three different eras across two centuries.
    Kazakhstan has submitted Satybaldy Narymbetov's historic drama Amanat to the Oscars in the best ...
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Pharmaceutical and Healthcare News

Private sector assistance sought to modernize emergency medical aid in Belarus and Kazakhstan
    Belarus and Kazakhstan are working on joint project to modernize their emergency medical aid services with the assistance of the private sector, BelTA learned from Galymbek ...
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Regional News

Russia rejects John Kerry’s Syria demands, accusing US of promoting terror
    By Anne Barnard, Sewell Chan and Rick Glagstone
    Russia escalated its anti-American invective Thursday in the deadlocked diplomacy over the Syrian war, dismissing a threat by Secretary ...
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US on verge of suspending cooperation with Moscow in Syria, Kerry says
    US Secretary of State John Kerry said Washington was on the verge of suspending talks with Russia on a cease-fire agreement in Syria, as a devastating ...
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Kyrgyz lawmakers advance bill for constitutional amendments referendum
    Kyrgyzstan's parliament has advanced a draft law on holding a nationwide referendum on constitutional amendments.
    In its first reading on September 29, the bill received support from ...
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Kyrgyzstan facing mounting debt
    An International Monetary Fund official is sounding the alarm over Kyrgyzstan’s rapidly mounting pile of sovereign debt.
    In mid-September, the Finance Ministry revealed that the national debt ...
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Personalized plate sales shock Kyrgyzstan
    By Aktan Rysaliev
    A state auction of personalized car license plates in Kyrgyzstan caused astonishment this week after one item sold for almost $25,000— a fortune in ...
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Prices and Statistics

Commodities
    

Date: September 30, 2016; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 47.50 -0.33 -0.69% Nov 2016 1:24 AM
USD/bbl. 48.82 -0.42 -0.85% Nov 2016 12:55 AM
USd/gal. 146.97 +0.29 +0.20% Oct 2016 9/29/2016
USD/MMBtu 2.95 -0.01 -0.37% Nov 2016 1:22 AM
USd/gal. 150.02 -1.00 -0.66% Oct 2016 12:54 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,326.90 +0.90 +0.07% Dec 2016 1:24 AM
USD/t oz. 1,323.78 +3.41 +0.26% N/A 1:34 AM
USD/t oz. 19.18 -0.01 -0.07% Dec 2016 1:23 AM
USd/lb. 218.45 -0.55 -0.25% Dec 2016 1:24 AM
USD/t oz. 1,029.02 +1.47 +0.14% N/A 1:33 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 328.25 -1.00 -0.30% Dec 2016 1:22 AM
USd/bu. 399.00 0.00 0.00% Dec 2016 1:16 AM
USD/MT 2,728.00 -97.00 -3.43% Dec 2016 9/29/2016
USd/lb. 67.77 +0.04 +0.06% Dec 2016 1:07 AM
USd/lb. 103.13 -0.50 -0.48% Dec 2016 9/29/2016
 

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Exchange Rates
    

Date: September 30, 2016; Source: the National Bank of Kazakhstan

1 USD KZT 334.93 1 CHF

KZT 345.18

1 CNY

KZT 50.23

1 TRY KZT 111.73 1 JPY KZT 3.3
1 EUR

KZT 375.52

1 AUD

KZT 256.66

1 KGS KZT 4.95 100 UZS KZT 11.15 100 BYN KZT 173.72
1 GBP KZT 435.24 1 CAD KZT 255.67 1 RUB KZT 5.3 100 KRW KZT 30.45 1 UAH KZT 12.96

 

 

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