Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017

Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation...

Exclusive: Kazakh lenders KKB and Halyk in merger talks — sources

Kazakhstan's two biggest lenders, Kazkommertsbank (KKB) KKGB.KZ and Halyk Bank HSBK.KZ (HSBKq.L), are discussing a merger to create a bank with assets of $27...

Technical Analyse: Future Aspects of New Devaluation

Foreign trade statistics of Kazakhstan worsened in the beginning of this year. That might be the first reason to Kazakhstani tenge losing index points...

American Dollar is Gaining from USD/KZT Intervention a Lot than was...

Till the snap elections for the lower house of Kazakh Parliament, there were different debates to the exchange course of Kazakhstani tenge against the American...

What Snap Elections Give to Kazakhstan?

Snap election to Lower House of Parliament was held in Kazakhstan last Sunday. The main intrigue was connected with the speech of Kazakh Leader...

Apple Prepares to Unveil Smaller IPhone

Since Apple Inc. introduced the first iPhone in 2007, mobile handsets have only gotten bigger. Chief Executive Officer Tim Cook will buck that trend on...

Malaysia to Adopt Kazakhstan’s Election Experience

Chairman of the Central Election Commission of the Republic of Kazakhstan Kuandyk Turgankulov met with his Malaysian colleague Mohd Hashim Abdullah on Friday. "The problem...

Brexit Would Cost Brits MoreThan $1,000 a Year

Reduced income from trade would cut average household income by at least £850 ($1,232) a year, the London School of Economics said Friday. Under a...

Current Elections will Strengthen Democracy in Kazakhstan

In Central Election Commission of Kazakhstan the meeting with delegation of the international observers from the United Kingdom of Great Britain and Northern Ireland...

Bank Holds UK Interest Rates at 0.5%

UK interest rates have been held at 0.5% once again by the Bank of England. All nine members of the Bank's Monetary Policy Committee...

Gasoline Price to Increase in Kazakhstan Because of EEU

The price for petrol in Kazakhstan will be raised because of the average price in Russia. As Sauat Mynbayev, the chairman of the board of...

Kashagan Pproject is Under Schedule

Construction works on the oil field Kashagan is going by schedule. Sauat Mynbayev, the chairman of the board of JSC KazMunaiGas, said that there...

Kazakh Minister: If all Countries Reduce Oil Supply, There Won’t be...

Kazakh Energy Minister Vladimir Shkolnik said that Kazakhstan agrees to help to save the balance supply in order to stabilize the oil price. But...

Kazakhstan Restarted to Supply Russia with Electric Power

Kazakhstan is exporting electric power to Russia again. The power unit of JSC Ekibastuz GRES-2 station was put into operation since March 17, 2016. According...

Life of the King in Africa or the President Forever

Teodoro Obiang, the president of Equatorial Guinea, and Teodorín, the most influential of his 42 recognised children, have expensive tastes. While most of his...

KazTransOil’s Net Profit Raised to 38%

The net profit of National company KazTransOil composed 79 billion 643 million tenges in 2015 which is 38% higher than the result of the...