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News: Friday, December 02, 2016 -- Issue 2631 http://www.newsline.kz/rss/

Article of the Day

Kazakhstan launches social investments program
    The Samruk-Kazyna National Welfare Fund has started a new social investments program called Menin Yelim (in Kazakh -- "my country") devoted to the country’s 25th anniversary of Independence, a press statement from the company reports. According to Vice Chairman of the Board of Atameken Murat Abenov, the program will create social infrastructure and will provide high-quality growth in the regions.
    "It is easy to build a sports ground in Astana which then can be presented to a large number of the high-ranking officials. But I am sure that such projects have little value for people. The Menin Yelim program is remarkable because it reconstructs and creates social infrastructure in the regions," Abenov commented, Kazinform reports.

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Kazakhstan General

Kazakhstan celebrates national holiday of Day of First President
    Kazakhstan celebrated its national holiday -- the Day of the First President, yesterday, December 1. The national holiday was announced in December 2011 by the Senate ...
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Trump may want to learn a thing or two from Kazakhstan’s Nazarbayev
    By David Filipov
    Here's something President-elect Donald Trump and Kazakhstan's president, Nursultan Nazarbayev, have in common: They both like putting their name on things.
    Trump has branded towers, ...
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Swans rescued from freezing lakes in Almaty Oblast, Kyzylorda
    By Kamila Zhumabayeva
    Groups of swans stuck in frozen lakes in the Almaty Region and Kyzylorda city were recently rescued by governmental rescue services and local residents.
    Kyzylorda ...
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Expo-2017

Belarus chooses concept for National Pavilion for Expo-2017 in
    Belarus has defined the concept for the national pavilion at Expo-2017 in Astana, BelTA learned from Evgeny Lazarev, the head of the exhibitions department of the ...
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Oil and Gas Sector

Oil prices surge as OPEC agrees to first output cut since 2008
    Ministers from the 14 members of the Organization of the Petroleum Exporting Countries (OPEC) have reached agreement to cut their production by 1.2 million barrels a ...
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Jupiter Energy names Sergey Kostin as Kazakhstan operations leader
    Jupiter Energy Ltd. appointed Sergey Kostin as the new head of operations in Kazakhstan, leading the operations team as the company prepares to restart producing in ...
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BP ponies up $9 billion to unleash Mad Dog Phase 2
    By Velda Addison
    The new platform will have the capacity to produce, from 14 wells, up to 140,000 barrels per day (Mbbl/d) of gross crude oil.
    BP’s ...
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Kazakh-Dutch business forum held in Hague
    The Netherlands has praised Kazakhstan’s investment climate at a Kazakh-Dutch business forum dedicated to the 25th anniversary of Kazakhstan’s Independence. The event took place in the ...
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Goldman, Chevron stock surges are keeping the Dow positive
    By Tomi Kilgore
    There are two key reasons the Dow Jones Industrial Average DJIA, +0.36% is still up, when the other major market indexes are down--Goldman Sachs ...
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KazMunayGas CEO reports to President on development of Karachaganak deposit
    President Nursultan Nazarbayev has received CEO of NC KazMunayGas Sauat Mynbayev , the press service of Akorda reports.
    Mynbayev reported to the President on the results ...
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S&P doesn’t expect KMG to buy back share in Kashagan
    By Elena Kosolapova
    The International Rating Agency S&P Global Ratings affirmed its 'BB' long-term corporate credit ratings on Kazakhstan-government-controlled vertically integrated oil company KazMunaiGas (KMG) and its ...
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Energy Industry

Kazakh firms visit German innovative technology companies
    On November 28 - 30, 2016 a Kazakh business delegation consisting of representatives from national and private companies visited Berlin to participate in a seminar called ...
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Finance and Investment

Kazakhstan hosts new investment opportunities conference
    On November 30 Astana hosted the conference: Kazakhstan: New Investment Opportunities,” organized by the Ministry for Investment and Development and the KazNex Invest National Agency for ...
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Kazakhstan has become France’s strategic partner - Fransis Etienne
    Under the leadership of President Nursultan Nazarbayev, Kazakhstan has made a big breakthrough and has become the leader in Central Asia and our strategic partner,
    French Ambassador ...
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President invites Chinese billionaire to ‘work’ in Kazakhstan
    During the first national Youth Forum in Astana, President Nursultan Nazarbayev said had invited a Chinese billionaire to ‘work’ (original – KNL) in Kazakhstan.
    "Recently I ...
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Kazkom Life - how developed is Kazakhstan’s life insurance industry?
    Abylai Jakishev from Kazkom Life discusses the potential for growth in Kazakhstan's insurance sector
    It’s the size of Europe and rich in natural resources, but Kazakhstan’s economy ...
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New stock exchange to be launched in Kazakhstan in 2017
    On September 1, 2017 a new high-tech stock exchange will begin its work in Kazakhstan. This was stated by Governor of Astana International Financial Centre (IFC) ...
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National Bank issued jubilee banknote with President’s image
    On December 1st 2016, the National Bank of the Republic of Kazakhstan has released the anniversary banknote with the nominal value of KZT 10 000 devoted to ...
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EBRD: 3 reasons for investing in Kazakhstan
    The European Bank for Reconstruction and Development named three reasons for investing in Kazakhstan, Kazinform correspondent reports.
    “Why investing in Kazakhstan? There are some good reasons ...
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Metals and Minerals

KAZ Minerals announces the temporary credit line suspension
    By Dias Kabyltayev
    Kaz Minerals announced the approval of the temporary suspension of financial covenants stipulating the net debt and EBITDA ratio of the pre-export finance debt ...
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Trade and Consumer Goods

Kazakhstan to promote agricultural exports
    A new agribusiness development program for 2017-2021, providing for new mechanisms for the export of domestic agricultural products, was considered at a Kazakh government meeting on ...
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Communications and Transportation

Air Astana was fined on amount of KZT 6.7 million
    The Air Astana JSC has been fined for more than KZT six million, the Kazinform News Agency, Kazakhstan, reports with reference to the Almaty City Court.
    The ...
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Kazakhtelecom: 9M2016 results
    By Dias Kabyltayev
    As a result of weak financial results of Altel and Tele2, Kazakhtelecom's net profit from continuing operations decreased by T3,3 billion (13% y/y). ...
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People and Professional Development

New Deputy Defense Minister appointed in Kazakhstan
    By Elena Kosolapova
    Kazakh president appointed Abylkair Skakov to the post of the Deputy Defense Minister, the presidential press- service reported Dec 1.
    Before the appointment Skakov headed ...
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Regional News

Top Trump adviser has shifting views on Russia, Eurasia
    By Joshua Kucera
    President-elect Donald Trump's top national security adviser has expressed a variety of contradictory opinions about affairs in the former Soviet Union, making it difficult ...
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Trump reaches out to Central Asia, looking for back door to Russia
    By Reid Standish
    President-elect Donald Trump has already spoken to 44 world leaders on the phone since winning the U.S. election, including several conversations with Russian President ...
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New Putin doctrine says US pressure 'undermining' global stability
    By Carl Schreck
    Russian President Vladimir Putin has endorsed a new foreign policy doctrine accusing the United States and its allies of undermining "global stability" by trying ...
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Russian cargo ship bound for ISS breaks up over Siberia
    Russia’s space agency says an unmanned cargo ship has disintegrated and burned up in the atmosphere over Siberia shortly after it blasted off with supplies for ...
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FIFA rejects calls that World Cup construction in Kazan is harmful
    Soccer's world governing body, FIFA, has rejected complaints from environmentalists about the construction of a stadium parking lot for the 2018 World Cup in Kazan, saying ...
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Atambaev says Russian military will have to leave Kyrgyz base
    Kyrgyz President Almazbek Atambaev has said the Russian military will have to leave its base in Kyrgyzstan in the future.
    At an annual press conference in Bishkek ...
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Anatomy of an unconvincing scandal in Kyrgyzstan
    A writer named Kate Cohen, posting on a little-known website, recently uncovered shady business practices that subsequently created a riptide of political scandal in Kyrgyzstan.
    There are ...
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Uzbekistan, Tajikistan to resume flights
    By Demir Azizov
    Delegations from Uzbekistan and Tajikistan held talks in Dushanbe on organizational, legal and economic aspects of further cooperation in the aviation sector, the Uzbek ...
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Prices and Statistics

Commodities
    

Date: December 2, 2015; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EST) 2 Day
USD/bbl. 50.66 -0.40 -0.78% Jan 2017 12:05 AM
USD/bbl. 53.34 -0.60 -1.11% Feb 2017 12:04 AM
USd/gal. 152.90 -1.80 -1.16% Jan 2017 12:00 AM
USD/MMBtu 3.57 +0.06 +1.71% Jan 2017 12:05 AM
USd/gal. 163.70 -1.09 -0.66% Jan 2017 12:03 AM
 
Index Units Price Change %Change Contract Time (EST) 2 Day
USD/t oz. 1,176.40 +7.00 +0.60% Feb 2017 12:04 AM
USD/t oz. 1,174.73 +3.04 +0.26% N/A 12:14 AM
USD/t oz. 16.63 +0.12 +0.72% Mar 2017 12:04 AM
USd/lb. 260.85 -3.45 -1.31% Mar 2017 12:04 AM
USD/t oz. 916.87 +0.52 +0.06% N/A 12:14 AM
Index Units Price Change %Change Contract Time (EST) 2 Day
USd/bu. 343.25 +0.75 +0.22% Mar 2017 12:03 AM
USd/bu. 397.50 +2.00 +0.51% Mar 2017 12:01 AM
USD/MT 2,406.00 +17.00 +0.71% Mar 2017 12/1/2016
USd/lb. 70.66 -0.24 -0.34% Mar 2017 12:04 AM
USd/lb. 111.38 -0.57 -0.51% Feb 2017 12/1/2016
 

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Exchange Rates
    

Date: December 2, 2016; Source: the National Bank of Kazakhstan

1 USD KZT 341.44 1 CHF

KZT 336.96

1 CNY

KZT 49.61

1 TRY KZT 99.85 1 JPY KZT 3.02
1 EUR

KZT 363.33

1 AUD

KZT 254.92

1 KGS KZT 4.94 100 UZS KZT 10.86 100 BYN KZT 173.14
1 GBP KZT 426.42 1 CAD KZT 254.65 1 RUB KZT 5.27 100 KRW KZT 29.17 1 UAH KZT 13.36

 

 

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