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News: Saturday, July 01, 2017 -- Issue 2771 http://www.newsline.kz/rss/

Article of the Day

Foreign policy experts praise 25 years of Kazakh diplomacy
    Diplomats, politicians and diplomacy experts from Kazakhstan and abroad praised the country’s quarter-century of diplomatic efforts at a June 29 conference in Astana held on the eve of the July 2 25th anniversary of Kazakhstan’s diplomatic service.
    The conference was held jointly by the Kazakh Foreign Ministry, the Foundation of the First President of the Republic of Kazakhstan – Elbasy and the Institute of World Economy and Politics (IWEP).
    The event was attended by Kazakh Foreign Minister Kairat Abdrakhmanov, Presidential Aide for International Affairs Nurlan Onzhanov, Chairman of the Committee on Foreign Affairs, Defense and Security of the Mazhilis (lower house of Parliament) Maulen Ashimbayev, Board Chairman of the Astana EXPO 2017 national company Akhmetzhan Yessimov, high-ranking representatives of foreign diplomatic corps, veterans of the Kazakh Foreign Ministry, international political scientists, experts and the media.
    Abdrakhmanov said in his opening remarks that Kazakh diplomacy has created a reliable system of relations with all countries and international organisations based oncooperation and pragmatism.
    “Thanks to the First President’s well thought-out foreign policy course, Kazakhstan is deservedly perceived on the world stage as a generator of stability and a dynamic and prosperous model of state development. Our country has rightfully become a recognised nuclear disarmament leader and an active moderator in the dialogue of cultures, religions and civilisations. Today, Kazakhstan equally participates and contributes to the solution of regional and global issues of the modern world,” he said.
    Abdrakhmanov also praised the work of Kazakh Foreign Ministry veterans who laid the foundation for Kazakhstan’s role on the international stage.
    Onzhanov, whose new book “Peacemaker. The Syrian Knot” was presented during the conference, noted Kazakh President Nursultan Nazarbayev’s contribution to resolving conflicts, including tensions between Russia and Turkey in 2015-2016 and the six-year-long Syrian crisis.
    Kazakh diplomatic service veteran Akmaral Arystanbekova, who served as the Foreign Minister of the Kazakh Soviet Socialistic Republic in 1989-1991 and later the first Permanent Representative of Kazakhstan to the United Nations (UN), spoke about the first stages of the Kazakh diplomatic service’s development.
    “Entering the UN became a landmark event in the creation and development of independent Kazakhstan’s diplomatic service. The UN has always been and still is Kazakhstan’s top foreign policy priority in multilateral diplomacy,” she said.
    First Minister of Foreign Affairs of independent Kazakhstan Tuleutai Suleimenov noted in his remarks that Kazakhstan’s diplomatic service contributed to the creation of Kazakhstan as we see it today.
    “The history of modern Kazakhstan’s foreign policy is the history of our country’s independence. Over the years of independence, our foreign policy has come a long way marked by many important events that helped build an independent and a politically stable country,” he said.
    Numerous figures also said President Nazarbayev’s multi-vector foreign policy is the best option Kazakhstan. The country’s large-scale initiatives and projects have become firm guarantees of the state’s sovereignty and territorial integrity, the basis for safe and stable development in a long-term historical perspective.
    The conference also included a photo exhibition illustrating the milestones of the formation of independent Kazakhstan’s diplomatic service. The exhibit and the short video included rare archive photos and video footage relating to Kazakhstan’s first steps in the international arena in 1991, President Nazarbayev’s initiatives to convene the Conference on Interaction and Confidence-Building Measures in Asia (CICA) and the summit of the Organisation for Security and Co-operation in Europe (OSCE), active mediation in complex global political crises, election as a non-permanent member to the UN Security Council, EXPO 2017 and more.
    Reported by Aigerim Seisembayeva for the Astana Times.

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Kazakhstan General

Astana hosts CICA Forum of National Cultural Centers
    The CICA Forum of National Cultural Centers is taking place in Astana. The event's theme is "Cultural openness - basis of peace and harmony," Kazinform correspondent ...
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Almaty Innovation Forum discussed introduction of Smart City technologies
    New technologies aimed at solving urban issues were presented at the VI Innovation Forum in Almaty, Kazinform correspondent reports.
    "We review about 400 projects a year and ...
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Prosecutor General’s Office introduces crime activity map
    An interactive crime map on the basis of Krisha.kz, an online home search service, was launched June 20 with the participation of Legal Statistics and Special ...
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Kazakhstan wants its internal migrants to register after 1 month in a temporary place of residence
    The Government of Kazakhstan changed procedures of registration of internal migrants, the Migration Service Committee of the Ministry of Internal Affairs of Kazakhstan said Friday.
    The ...
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Rains to douse Kazakhstan in next 3 days
    Occasional rains with thunderstorms are forecast for northern, eastern and northwestern Kazakhstan in next three days, Kazinform has learned from Kazhydromet.
    Hot weather without precipitation will ...
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Expo-2017

Kazakhstan: EXPO 2017 opens to success, offers path to the future
    With EXPO 2017 now well under way, there are clear signs of lessons from the past few decades underpinning the objectives of this event. Hosting EXPO ...
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EXPO-2017 Madagascar presents its innovations in green energy
    Madagascar has a great potential for developing renewable energy sources, said during the celebration of the National Day of Madagascar at the EXPO-2017 Vice Minister for ...
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Oil and Gas Sector

The deepest exploration well ever drilled signals return for offshore oil
    Oil prices have been a big item lately — with crude plunging below $45 per barrel in recent weeks.
    But quiet reports across the industry show costs ...
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Liquefied petroleum gas becoming very popular among Kazakh drivers
    Kazakhstan drivers continue to convert their vehicles to liquefied petroleum gas (LPG) consumption. In 2016, LPG sales increased by 43 percent, while gasoline sales fell by ...
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Rosneft expects faster growth of global demand for petrochemical products - CEO
    Russia’s oil major Rosneft plans to reach production costs at the level of Saudi Aramco in the long term, Igor Sechin said.
    Russia’s oil major Rosneft expects ...
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ATR unveils new facilities and staff in Kazakhstan
    ATR, a Centurion company, has opened a new base in Kazakhstan as the company looks to capitalise on recent business growth in the region. The business ...
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Russia's oil price forecast of $40 per barrel sensible amid volatility
    The $40-per-barrel oil price included in Russia's social and economic development forecast looks justified given the high market volatility and oil production increases in some countries, ...
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Reach sees turnaround by year-end on better oil prices
    Oil and gas (O&G) exploration and production company Reach Energy Bhd is expecting a turnaround by the end of this year on higher oil prices.
    Chief executive ...
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No OPEC solace in tight medium sour crude oil market, as light sweet glut weighs
    Saudi Arabia's energy minister Khalid al-Falih, as well as his predecessor Ali al-Naimi, has long maintained -- in the face of criticism and even ridicule in ...
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Finance and Investment

Kazakhstan, the crossroads of the new Silk Road: The world’s biggest
    landlocked country is open for business but only half-ready for it
    When an authoritarian ruler builds a gigantic dark globe, he should not be surprised that people ...
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Delta Bank shuts down branches in 7 cities of Kazakhstan
    Delta Bank based in Almaty city has announced its shutting down its branches in 7 cities of Kazakhstan, Kazinform has learned from KASE.
    The bank de-registered ...
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KASE day session: USDKZT_TOD = 322.67
    The day foreign currencies trading session ended on Kazakhstan Stock Exchange (KASE). USDKZT_TOM, EURKZT_TOÌ, EURUSD_TOM, RUBKZT_TOÌ, CNYKZT_TOM, USDKZT_0_001 and EURKZT_0_001 were not traded today on KASE ...
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Metals and Minerals

Peel Hunt reiterates buy rating for Central Asia Metals
    Peel Hunt reiterated their buy rating on shares of Central Asia Metals Ltd (LON:CAML) in a research note released on Friday, June 9th. The brokerage currently ...
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Russian miner Polyus Gold's secondary offering attracts long-term investors
    Long-term investors have purchased most of the Russian Polyus gold producer's secondary public offering shares, nearly half of them from the United Kingdom followed by one-fifth ...
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Trade and Consumer Goods

In June 2017, Kazakhstan exported more than 200 thsd tonnes of grains
    In June 2017, Kazakhstan supplied 203.1 thsd tonnes of grains and 93.8 thsd tonnes of flour on foreign markets, reported the Statistics Committee of the Ministry ...
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Kazakhstan. Despite an overall decrease in cereal plantings, part of the country’s regions did expand them
    As reported before, the 2017 spring field work results were considered at the Government of Kazakhstan. Kazakh planted acreage has totaled 22.5 Ml ha, or 650 ...
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Russian wheat prices continued to grow last week due to strong demand and concerns on 2017 crop
    Price growth persisted in Russia’s new-crop wheat market last week, which also serves as a benchmark for Kazakh wheat. In Novorossiysk port, export prices for Russian ...
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Pharmaceutical and Healthcare News

Int’l expert community addresses risks of chronic non-communicable diseases
    The international conference “Modern Approaches in Managing Socially Significant Diseases. Diabetes Mellitus” addressed June 28 the prevalence and risk factors of chronic non-communicable diseases, in particular ...
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Regional News

Putin extends Russian tit-for-tat sanctions against West until 2018
    President Vladimir Putin signed a decree to extend Russia’s counter sanctions until December 31, 2018. The document has been published on the website of legal information ...
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Numerous economic deals to be sealed during Chinese leader’s visit to Moscow
    Chinese President Xi Jinping will be arriving in Russia for an official visit on July 3. Efforts to step up economic cooperation will top the agenda ...
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China's manufacturing activity expands for 11th month
    China's manufacturing sector expanded for the 11th-straight month in June, indicating strength in the world's second largest economy, official data showed Friday.
    The country's manufacturing purchasing ...
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China: fresh forecasts point to 6.5% growth easily being met
    The Chinese economy-in the wake of recent upbeat data underscoring an industrial recovery-is expected to enjoy stable growth and is capable of reaching the growth target ...
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Kyrgyzstan and Uzbekistan to cooperate in cotton growing
    Ambassador of Kyrgyzstan to Uzbekistan Daniyar Sydykov and Director General of the Uzbek Cotton Fiber Certification Center "SIFAT" Hakim Umarkhodzhaev discussed the current state and prospects ...
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International projects take on poverty, malnutrition in Tajikistan
    Poverty reduction in Tajikistan has been significant over the past couple of decades. From 2000 to 2015, poverty fell from more than 83% to about 31%, ...
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Prices and Statistics

Commodities
    

Date: July 1, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 46.04 +1.11 +2.47% Aug 2017 6/30/2017
USD/bbl. 48.94 +1.31 +2.75% Sep 2017 6/30/2017
USd/gal. 151.37 +3.67 +2.48% Aug 2017 6/30/2017
USD/MMBtu 3.04 -0.01 -0.23% Aug 2017 6/30/2017
USd/gal. 148.31 +3.26 +2.25% Aug 2017 6/30/2017
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,242.30 -3.50 -0.28% Aug 2017 6/30/2017
USD/t oz. 1,241.61 -3.90 -0.31% N/A 6/30/2017
USD/t oz. 16.63 -0.03 -0.16% Sep 2017 6/30/2017
USd/lb. 271.10 +1.55 +0.58% Sep 2017 6/30/2017
USD/t oz. 925.86 +5.07 +0.55% N/A 6/30/2017
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 381.00 +11.50 +3.11% Sep 2017 6/30/2017
USd/bu. 526.00 +30.00 +6.05% Sep 2017 6/30/2017
USD/MT 1,940.00 +79.00 +4.25% Sep 2017 6/30/2017
USd/lb. 68.59 +1.35 +2.01% Dec 2017 6/30/2017
USd/lb. 116.30 -0.20 -0.17% Aug 2017 6/30/2017
 

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Exchange Rates

Date: July 1, 2017; Source: the National Bank of Kazakhstan

1 AUSTRALIAN DOLLAR AUD / KZT 247.66
1 AZERBAIJAN MANAT AZN / KZT 189.34
10 ARMENIAN DRAM AMD / KZT 6.73
1 BELARUS ROUBLE BYN / KZT 166.12
1 BRAZILIAN REAL BRL / KZT 97.54
10 HUNGARIAN FORINTS HUF / KZT 11.9
1 HONG KONG DOLLAR HKD / KZT 41.29
1 GEORGIAN LARI GEL / KZT 134.39
1 DANISH KRONA DKK / KZT 49.43
1 UAE DIRHAM AED / KZT 87.75
1 US DOLLAR USD / KZT 322.27
1 EURO EUR / KZT 367.52
1 INDIAN RUPEE INR / KZT 4.98
1000 IRANIAN RIAL IRR / KZT 9.92
1 CANADIAN DOLLAR CAD / KZT 248.3
1 CHINESE YUAN CNY / KZT 47.55
1 KUWAIT DINAR KWD / KZT 1063.6
1 KYRGYZIAN SOM KGS / KZT 4.67
1 MALAYSIAN RINGGIT MYR / KZT 75.1
1 MEXICAN PESO MXN / KZT 17.89
1 MOLDAVIAN LEY MDL / KZT 17.9
1 NORWEGIAN KRONA NOK / KZT 38.42
1 POLISH ZLOTY PLN / KZT 86.99
1 SAUDI RIYAL SAR / KZT 85.93
1 RUSSIAN ROUBLE RUB / KZT 5.44
1 SDR XDR / KZT 448.15
1 SINGAPORE DOLLAR SGD / KZT 234.14
1 TAJIKISTAN SOMONI TJS / KZT 36.58
1 THAI BAHT THB / KZT 9.49
1 TURKISH LIRA TRY / KZT 91.64
100 UZBEKISTAN SUM UZS / KZT 8.15
1 UKRAINIAN GRIVNA UAH / KZT 12.36
1 GREAT BRITAIN POUND GBP / KZT 418.4
1 CRECH KORUNA CZK / KZT 14.01
1 SWEDISH KRONA SEK / KZT 38.12
1 SWISS FRANC CHF / KZT 336.19
1 SOUTH AFRICAN RAND ZAR / KZT 24.65
100 SOUTH KOREAN WON KRW / KZT 28.21
1 JAPANESE YEN JPY / KZT 2.88

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