The Eurasian Development Bank (EDB), the Islamic Development Bank (IsDB) Institute, and the London Stock Exchange Group have published a joint report, “The Future of Islamic Finance in Central Asia”. The report provides a comprehensive analysis of the current status and prospects of Islamic finance in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. According to the
The 16th meeting of the Kazakhstan-German Business Council took place in Astana on May 21 with the participation of First Deputy Prime Minister of Kazakhstan Roman Sklyar. The event brought together representatives of key ministries and leading members of Kazakhstan’s business community. “Our platform is in high demand and has proven to be very effective.
Kazakhstan’s Ministry of Science and Higher Education has signed a Memorandum of Understanding with the Davis Center for Russian and Eurasian Studies at Harvard University to launch joint initiatives in the academic and scientific spheres. According to the ministry, the parties agreed to organize academic exchanges, including scholarships and research internships in such areas as
Marat Bashimov, a member of the Mazhilis (lower house of Kazakhstan’s parliament), has sent a letter to the country’s Prosecutor General Berik Asylov about the need for “extended confiscation.” Bashimov believes that it is time for the Kazakh authorities to tighten legislation on the return of illegally obtained assets, the fight against corruption and money
Kazakhstan and the World Bank have reaffirmed their commitment to joint efforts aimed at the restoration of the North Aral Sea. On May 16, at the Kokaral dam in Kazakhstan’s Kyzylorda region, Minister of Water Resources and Irrigation Nurzhan Nurzhigitov met with Sameh Wahba, the Regional Director for Sustainable Development at the Europe and Central Asia
In 2024, Kazakhstan retained its position as a major exporter of mineral resources, particularly crude oil, according to the country’s Ministry of Trade and Integration. In 2024, Kazakhstan’s exports exceeded $81 billion, with crude oil earning $42.9 billion or 52.5% of the country’s exports. Kazakhstan also exported uranium ($4.6 billion), copper and copper cathodes ($4.1
The European Bank for Reconstruction and Development (EBRD) and the European Union are boosting access to finance for micro, small and medium-sized enterprises (MSMEs) in Central Asia and Mongolia. According to the EBRD, an additional €25 million in EU guarantees will be made available to local partner financial institutions for on-lending to this business segment.
The Fund for Digital Initiatives of the Eurasian Development Bank (EDB FDI) has issued a grant to Kompas JSC to implement traffic simulation software in Kazakhstan. The project aims to ensure the sustainable development of the urban environment in Astana, the country’s capital characterized by the steady increase in population. Traffic simulation allows using computational
With the support from international financial organizations, Kazakhstan’s Ministry of Water Resources and Irrigation is modernizing 1,485 irrigation canals with a total length of over 6,000 km, according to Minister of Water Resources Nurzhan Nurzhigitov. Last year, the ministry completed the reconstruction of 162 canals with a total length of 778 km. By the end
Representatives of railway companies from China, Kazakhstan, Uzbekistan, Turkmenistan, Iran, and Türkiye met in Tehran on May 12 to develop multilateral cooperation in establishing a transport corridor passing through their countries. According to Kazakhstan Temir Zholy, the country’s national railway company, in January-April 2025 container traffic along the China-Iran route via Kazakhstan increased by 2.6
On May 12 in Astana, Kazakhstan President Kassym-Jomart Tokayev held talks with the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, who arrived in Kazakhstan on an official visit. The President noted that the United Arab Emirates is one of Kazakhstan’s key partners, sharing common goals and aspirations. In 2023,
Kazakhstan’s Ministry of Agriculture says it continues a large-scale program to diversify agricultural crops area, with about 1 million hectares of farmland diversified across the country in 2025. The program is aimed at expanding the area under highly profitable and in-demand crops, both in the domestic and export markets. The main goal is to reduce
Kazakhstan continues its confident cultural offensive on the world stage: two short films and works by an artist from Kazakhstan will participate in the 7th ECG Film Festival in London. The films will be shown on May 26 and 27 at the Lumiere Romford Cinema, The Mercury Shopping Centre. ECG Film Festival promotes films of
In 2024, Kazakhstan’s exports reached $81.6 billion, up 3.2% compared to 2023, with non-resource exports showing an impressive 11.9% growth, amounting to $28.8 billion, according to the Ministry of Trade and Integration. Imports totaled $59.8 billion, down 1% from the previous year. In 2025, Kazakhstan continues to maintain high export rates, which in January-February amounted
The first batch of Kazakh grain has departed by rail for Morocco. The train consisting of 105 grain railcars will traverse Russia to Latvia, where in the Baltic port of Liepaja, the grain will be reloaded onto sea vessels heading to the coast of North Africa, according to Kazakhstan Temir Zholy (KTZ), the country’s national
The Kazakhstan-Vietnam Business Roundtable was held in Astana on May 6 with the participation of officials, representatives of business and government agencies of the two countries. The event was held in the framework of the visit of the delegation of the Socialist Republic of Vietnam led by General Secretary of the Central Committee of the
The European Bank for Reconstruction and Development (EBRD) is helping women-led micro, small and medium-sized enterprises (MSMEs) in Kazakhstan by extending a new term loan to a leading microlender KMF, which has been an EBRD client since 2005. The EBRD funds of up to US$ 25 million (€22.9 million) will help to promote women’s entrepreneurship and business
More than 120 passengers went on a trip on the tourist train Jibek Joly on April 30. The tourist train was organized by Kazakhstan Temir Zholy, the country’s national railway company, with the assistance of Uzbekistan Railways, the Tourism Committee and the Ministry of Transport of Kazakhstan, and Kazakh Tourism. The trip allows tourists to
The 11th meeting of the Intergovernmental Commission on Trade and Economic Cooperation between Kazakhstan and the United Kingdom was held in London last week. The Kazakh delegation was led by Deputy Minister of Foreign Affairs Alibek Kuantyrov. The meeting was attended by the Ambassador of Kazakhstan to the UK Magzhan Ilyassov, UK Ambassador to Kazakhstan
Kazakhstan is taking another step toward fostering international business. At the initiative of the Ministry of Foreign Affairs of Kazakhstan new regulations have been approved for obtaining an investor visa, aimed at enhancing the country’s investment appeal and supporting long-term business partnerships. Under the new framework, foreign nationals who invest a minimum of 300,000 US
