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News: Friday, July 14, 2017 -- Issue 2779 http://www.newsline.kz/rss/

Article of the Day

KAZAKH INVEST attracted $ 10bn of investments in 100 days of work
    In the first 100 days of existence , JSC KAZAKH INVEST has attracted $ 10 billion of investments to Kazakhstan. The company executives told of its achievements and plans ahead at a special briefing, Kazpravda.kz correspondent reports.
    "During this time, we have decided on the company's main priorities, the main countries to attract investments from. These are China, Russia, the United States, Turkey, the Middle East and the European Union states," said Maksat Kabashev, Board Chairman of the KAZAKH INVEST JSC NC.
    In turn, the deputy chairman of the national company Nursultan Jiyenbayev made updates on the attracted investments.
    "To date, we have 187 project companies that we inherited from Kaznex-Invest. The total sum of the projects is about $50 billion, and in the 100 days of the company’s existence, 32 new projects appeared the total sum of about ten billion dollars, "he said.
    According to Djienbaev, many of the above projects are large and long-term.
    "These include construction of mining and metallurgical processing plants, as well as multiple infrastructure and agricultural projects".
    The speakers also noted that over 100 days of work, 90 meetings with foreign investors were held regarding the opening of business projects in Kazakhstan in such sectors as machine building, chemical and petrochemical industry, pharmaceutical production, agribusiness and mining and metallurgy industry.
    22 memorandums and agreements on cooperation with foreign companies were signed.
    The company has its offices in China, the US, Turkey and Russia. Each representative office employs two people, in China there are three employees.
    "We plan to open representative offices in Germany, France and the UAE in September, and we believe that these seven representations will cover our main priority countries," KAZAKH INVEST board chairman Maksat Kabashev concluded.
    Reported by Jania Urankaeva for the Kazakhstanskaya Pravda.

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Kazakhstan General

Kazakhstan lacks quality jobs - RK Ministry of Labour
    Insufficient quantity of high-quality jobs is observed in Kazakhstan. This was stated by the vice minister of labour and social protection of Kazakhstan, Birzhan Nurymbetov, during ...
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Urban planning specialists discuss Astana development at Astana Urban Forum
    International experts and city planning specialists and heads of large construction companies discussed urban development and shared international and local expertise at the July 7 First ...
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FM Abdrakhmanov briefs OSCE ministerial meeting on Kazakh security positions, plans
    Kazakh Foreign Minister Kairat Abdrakhmanov during the July 11 Ministerial Meeting of the Organisation for Security and Co-operation in Europe (OSCE) in Vienna expressed support for ...
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Kazakhstan backs integration processes development - President
    President of Kazakhstan Nursultan Nazarbayev has expressed his opinion about the ongoing integration processes, Kazinform reports.
    "The deep-seated contradictions remaining in the world are becoming a challenge ...
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Kazakh businessman Tuleshov convicted of attempt to seize power being tried on economic charges
    The Yenbekshi District Court in Shymkent, the administrative center of the Southern Kazakhstan region of Kazakhstan, on Thursday started hearing a new criminal case against businessman ...
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Occasional rains forecast across Kazakhstan
    Disturbed weather with occasional rains, hail, gusty wind and fog is expected across Kazakhstan. Only western Kazakhstan will enjoy weather without precipitation.
    According to Kazhydromet, wind with ...
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Expo-2017

Latvian EXPO 2017 pavilion holds international transport conference
    The Latvian pavilion held the international conference “Prospects of global transport communication. Eurasian potential” July 11 in the framework of the Week of Transit and Logistics ...
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Island Company to perform at 2017 World Expo in Kazakhstan
    Newport’s resident dance company, Island Moving Company has been honored with an invitation to represent the United States in performances at the 2017 World Expo in ...
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Oil and Gas Sector

Kazakh Tengizchevroil plans to cut oil output due to maintenance
    Tengizchevroil, Kazakhstan's largest oil producer, plans to cut oil production by 480,000 tonnes in August and by 60,000 tonnes in October due to maintenance works, the ...
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Victoria Oil & Gas insider purchases £5,016 in stock
    Victoria Oil & Gas plc (LON:VOG) insider Andrew Diamond bought 8,800 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were ...
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Med crude-Urals slides in Baltics on lower demand for July volumes
    Urals differentials fell further on Thursday on weaker demand for July-loading cargoes as some buyers found Urals too expensive and looked at alternative grades, while others ...
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Oil steady as higher output balances Chinese demand, followed by retreat on shale glut
    Oil prices steadied on Thursday after evidence of stronger demand in China balanced reports of higher production by key OPEC exporters in a downbeat report by ...
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Finland gives green light to Nord Stream-2 project
    Helsinki has no objections to the Nord Stream-2 gas pipeline, Director of the Nuclear Energy and Fuels Unit at the Finnish Ministry of Economic Affairs and ...
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Russia's Gazprom to issue over $500Mln in Swiss francs Eurobonds - source
    Russian energy giant Gazprom will issue 500 million Swiss francs ($518.1 million) worth of five-year eurobonds with a yield of 2.25 percent, a banking source told ...
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UK natural gas: NBP near-term prices fall as Norway flows recover
    Near-term UK natural gas prices saw fresh losses on the day Thursday morning, weighed down by a comfortable system balance as the impact of an ongoing ...
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Caspian region has tremendous potential to supply Europe with gas and LNG
    The Caspian region has tremendous potential to supply Europe with additional pipeline gas supplies and LNG, believes Claudio Steuer, Director of SyEnergy, a UK energy consultant ...
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Energy Industry

Kazakhstan begins consolidating domestic energy transfer companies
    The Kazakh Senate recently adopted a law to consolidate energy transmission companies to increase their reliability, according to the press service of the Ministry of Energy.
    “The ...
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Kazakhstan considers exporting electricity to China, Afghanistan, Pakistan
    Kazakhstan is studying the possibilities of exporting electric power to China, Afghanistan, and Pakistan said the Energy Minister Kanat Bozumbayev at a conference on energy transformation, ...
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Kazakhstan to attract world’s biggest companies to renewable energy system development
    Kazakhstan, an energy-rich Central Asian nation which strives to increase its energy generation from renewable sources, will take additional measures to achieve its goal.
    The country intends ...
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Finance and Investment

Kazakhstan signs innovation pact to become ‘blockchain Singapore’
    Kazakhstan is working with Deloitte, the Blockchain company Waves and others to examine how the technology can operate in government.
    A press release issued today claims the ...
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Kazakhstan’s biggest banks merge in effort to stabilise system
    Kazakhstan’s largest bank has swallowed up its biggest rival in a $560m deal that policymakers hope will stabilise the country’s fragile banking sector.Halyk Bank, owned by ...
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Kazakhstan forms cryptocurrency regulation working group for CIS region
    The Astana International Financial Center(AIFC) has announced today the creation of a working group together with Deloitte, Waves, Juscutum, and Kesarev Consulting to develop an ecosystem ...
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KASE day session: USDKZT_TOD = 327.92
    The day foreign currencies trading session has ended on Kazakhstan Stock Exchange (KASE).
    Based on results of trades on the spot-market:
    - weighted average US dollar rate with ...
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Metals and Minerals

Discussion stirs around KAZ Minerals PLC this week; here is what analysts are saying
    Among 22 analysts covering Kaz Minerals PLC (LON:KAZ), 8 have Buy rating, 6 Sell and 8 Hold. Therefore 36% are positive. Kaz Minerals PLC had 212 ...
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Outstanding analyst ratings for Central Asia Metals
    Numerous investment brokers have in recent days changed their price targets on shares of Central Asia Metals (LON:CAML).
    According to data retrieved from Reuters, on Thursday ...
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Why you should consider Cameco Corp. for the long term
    Cameco Corp. (TSX:CCO)(NYSE:CCJ) has seen its stock struggle so far this year, dropping over 11% year to date (YTD). Cameco is one of the largest producers ...
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Aluminium climbs on more talk of Chinese output cuts
    Aluminium rose nearly 3 percent on Thursday as concerns over potential supply curbs in number one producer China sparked a rally in the metal.
    Talk that more ...
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Gold steady after Yellen rate hike view
    Gold steadied on Thursday as a weaker dollar and lower U.S. yields lent support, with investors wagering that policy tightening in the United States would be ...
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Steel companies to witness sequential drop in Q1 numbers on costly coal inventories: report
    "Domestic metal names will report sequential decline in earnings led by lower prices, increased input costs and lower volumes (a few cases of outages). We expect ...
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Trade and Consumer Goods

In July-May of 2016/17 MY, Kazakhstan exported 3.38 mln tonnes of wheat
    According to APK-Inform figures, in July-May of 2016/17 MY Kazakhstan supplied 3.38 mln tonnes of wheat on foreign markets. Traditionally, near-abroad countries became the major importers: ...
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Weekly grain and oilseeds market view from Europe
    The second of our weekly market views from Europe relates how weather concerns are supporting markets across the globe as dryness hits US spring wheat crops.
    A ...
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Stratégie Grains cuts EU wheat harvest hopes - again
    The European Union wheat harvest, the world's biggest, received its second downgrade in two days, thanks to dryness in France and Spain, as Stratégie Grains lowered ...
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'One-two punch' floors grain futures as coffee, sugar soar
    The early retreat in grain markets extended into a rout as improved US weather forecasts added to the reason to withdraw risk premium from prices, following ...
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Communications and Transportation

Cargo traffic between Azerbaijan, Kazakhstan jumps
    The volume of cargo transportation between Kazakhstan and Azerbaijan amounted to almost 1.05 million tons in 1H2017, which is 164 percent more than in the same ...
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Russian tech giant Yandex merges taxi service with Uber
    Russian tech company Yandex announced on Thursday it is merging its taxi service Yandex Taxi with Uber.
    The new company, called NewCo, will take control of both ...
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Uzbekistan interested in cargo transportation via Kazakh port
    Kazakhstan and Uzbekistan discussed organization of Uzbek cargo transportation through Kazakh port of Kuryk on the Caspian Sea.
    This issue was discussed at the meeting of head ...
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Sports

Astana Pro Team cyclist Fabio Aru second overall after nine Tour de France stages
    Italian cyclist and Astana Pro Team member Fabio Aru and Danish teammate Jakob Fuglsang recently climbed to second and fifth respectively in the overall standings following ...
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Astana to host Asian Karatedo Championships
    The Kazakhstan Karate-Do Federation holds the 14th Asian Youth Championships and the 16th Asian Championships among cadets and juniors in karate-do from 13th to 16th July, ...
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Regional News

Central Bank reports Russia’s foreign debt up 3%
    Russia’s foreign debt has increased 3% as of July 1 since the beginning of this year to $529.62 bln, according to the documents released by the ...
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L'Etoile to build cosmetics factory in New Moscow
    A factory producing L'Etoile cosmetics is planned to be built near Shcherbinka, in New Moscow, the head of the Department of New Territories Development of the ...
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$165-million meat-processing plant to be built in Voronezh region
    Construction of a large meet-processing plant will start in the Voronezh region, Russia, in summer 2018.
    The project is estimated at 10 billion rubles ($165 million). As ...
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Furniture factory to be built in Moscow
    A new enterprise producing furniture will be established in the territory of M8 industrial park in the Sergiyevo-Posadsky district, the Moscow region of Russia, in 2018.
    As ...
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Russia-China trade up 25.7% in first half of 2017
    Trade between Russia and China went up by 25.7% in the first half of 2017 on a year-on-year basis and reached $39.78 billion, China’s main customs ...
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Apple to build its first data center in China
    Apple announced its intention to build the company’s first data center in China to comply with local law requiring global companies to store users’ data within ...
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China’s regions gain right to issue bonds for toll road construction
    China has allowed the regions to issue special bonds to finance the construction of toll roads, Xinhua agency said.
    Provincial government are entitled now to sell such ...
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China's exports up 15%, imports up 25.7% in H1
    China's foreign trade expanded at the fastest pace since the second half of 2011, buffering the economy from a slowdown amid headwinds at home and abroad. ...
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China’s growth in money supply scaled down
    Growth in a broad measurement of China's money supply dropped to a record low in June as regulators worked to reduce leverage in the nation's economy.
    The ...
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Kyrgyzstan: detained public auditor and inspectors forced workers of institutions they audited to cover their accommodation, meals, air travel and car repairs
    Sources from law enforcement bodies told Tazabek some details of the detention of an auditor and 2 inspectors of the Accounts Chamber of Kyrgyzstan suspected of ...
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Interest in cooperation with Tajik firms is growing, observers say
    A recent event in Khujand showed the promise of increased trade between Tajikistan and other countries.
    The Sughd-2017 -- Valley of Possibilities trade fair, which took ...
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Baku Shipyard eyes partnership with American companies
    Baku Shipyard LLC, the most modern shipbuilding and ship-repair facility in the Caspian Sea, continues to grow and attract new partners.
    Possible cooperation between Baku Shipyard LLC ...
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Gas emissions significantly decrease in Azerbaijan
    Energy-rich Azerbaijan has achieved high economic growth and well-being over a short time period. The country’s economic power and national GDP have increased significantly thanks to ...
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Prices and Statistics

Commodities
    

Date: July 14, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 46.11 +0.03 +0.07% Aug 2017 1:51 AM
USD/bbl. 48.44 +0.02 +0.04% Sep 2017 1:50 AM
USd/gal. 152.73 +0.12 +0.08% Aug 2017 1:48 AM
USD/MMBtu 2.96 0.00 0.00% Aug 2017 1:51 AM
USd/gal. 149.28 +0.11 +0.07% Aug 2017 1:43 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,216.50 -0.80 -0.07% Aug 2017 1:51 AM
USD/t oz. 1,218.02 +0.44 +0.04% N/A 2:01 AM
USD/t oz. 15.65 -0.05 -0.29% Sep 2017 1:51 AM
USd/lb. 267.20 +1.05 +0.39% Sep 2017 1:51 AM
USD/t oz. 907.73 +1.97 +0.22% N/A 2:00 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 372.50 +2.75 +0.74% Sep 2017 1:50 AM
USd/bu. 517.75 +6.00 +1.17% Sep 2017 1:50 AM
USD/MT 1,872.00 +51.00 +2.80% Sep 2017 7/13/2017
USd/lb. 66.69 +0.32 +0.48% Dec 2017 1:50 AM
USd/lb. 117.83 0.00 0.00% Oct 2017 7/13/2017
 

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Exchange Rates
    

Date: July 14, 2017; Source: the National Bank of Kazakhstan

1 AUSTRALIAN DOLLAR AUD / KZT 253.43  
1 AZERBAIJAN MANAT AZN / KZT 192.46  
10 ARMENIAN DRAM AMD / KZT 6.86  
1 BELARUS ROUBLE BYN / KZT 166.57  
1 BRAZILIAN REAL BRL / KZT 102.1  
10 HUNGARIAN FORINTS HUF / KZT 12.16  
1 HONG KONG DOLLAR HKD / KZT 41.94  
1 GEORGIAN LARI GEL / KZT 137.4  
1 DANISH KRONA DKK / KZT 50.2  
1 UAE DIRHAM AED / KZT 89.18  
1 US DOLLAR USD / KZT 327.56  
1 EURO EUR / KZT 373.25  
1 INDIAN RUPEE INR / KZT 5.08  
1000 IRANIAN RIAL IRR / KZT 10.05  
1 CANADIAN DOLLAR CAD / KZT 257.21  
1 CHINESE YUAN CNY / KZT 48.3  
1 KUWAIT DINAR KWD / KZT 1081.06  
1 KYRGYZIAN SOM KGS / KZT 4.74  
1 MALAYSIAN RINGGIT MYR / KZT 76.35  
1 MEXICAN PESO MXN / KZT 18.49  
1 MOLDAVIAN LEY MDL / KZT 18.15  
1 NORWEGIAN KRONA NOK / KZT 39.59  
1 POLISH ZLOTY PLN / KZT 88.17  
1 SAUDI RIYAL SAR / KZT 87.34  
1 RUSSIAN ROUBLE RUB / KZT 5.47  
1 SDR XDR / KZT 455.5  
1 SINGAPORE DOLLAR SGD / KZT 237.91  
1 TAJIKISTAN SOMONI TJS / KZT 37.22  
1 THAI BAHT THB / KZT 9.65  
1 TURKISH LIRA TRY / KZT 91.9  
100 UZBEKISTAN SUM UZS / KZT 8.17  
1 UKRAINIAN GRIVNA UAH / KZT 12.6  
1 GREAT BRITAIN POUND GBP / KZT 423.24  
1 CRECH KORUNA CZK / KZT 14.3  
1 SWEDISH KRONA SEK / KZT 39.16  
1 SWISS FRANC CHF / KZT 339.58  
1 SOUTH AFRICAN RAND ZAR / KZT 24.89  
100 SOUTH KOREAN WON KRW / KZT 28.85  
1 JAPANESE YEN JPY / KZT 2.9    

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