A Memorandum of Understanding for the Development of Islamic Finance in Central Asia was signed between the Eurasian Development Bank (EDB) and the Islamic Development Bank Institute (IsDBI) on June 27 in Almaty, Kazakhstan, as part of the Eurasian Development Bank’s Annual Meeting and Business Forum. The document was signed by Nikolai Podguzov, Chairman of the EDB
Chairman of the Management Board of Kazakh Invest national company, Yerzhan Yelekeyev on July 15 held a meeting with representatives of the Chinese corporation WEIGAO, during which the parties discussed the possibility of localizing the production of medical equipment in Kazakhstan. Zhang Yong, General Director of WEIGAO, told Kazakhstani representatives about the corporation’s work in the production of
The Central Securities Depository (CSD) of Kazakhstan said on July 11 that it had ordered brokers and management companies to divest Russian securities from their holdings by August 1, Current Time reported. The CSD’s press service said the move was necessary to adhere to U.S. sanctions imposed on the Moscow Stock Exchange (MSE) and its structures. In
To celebrate the National Dombra Day, the Permanent Delegation of Kazakhstan held an event at the UNESCO Headquarters last week, attended by Ambassadors of UNESCO Member States and Kazakhs residing in France. Welcoming the guests, Askar Abdrakhmanov, Permanent Delegate of Kazakhstan to UNESCO, reminded that this year marks ten years since the Intergovernmental Committee for
The Kazakh Defense Ministry said on July 8 that its armed forces, along with those from Azerbaijan, Kyrgyzstan, Tajikistan, and Uzbekistan, had begun joint military maneuvers on the shores of the Caspian Sea in western Kazakhstan, RFE/RL’s Kazakh Service reported. The Association-2024 drills, scheduled to run until July 17, are taking place at the Oimasha
A caravan of 26 trucks has been transported across the Caspian Sea from the Kazakh port of Kuryk to the port of Baku by a ferry of the Azerbaijani shipping company ASCO. The trucks were loaded onto the ferry in Kuryk on July 3, Eurasia Today reported. The caravan will continue its journey through Georgia
On July 4, a monument to the great Turkmen poet and thinker Magtymguly Pyragy (1724-1807) was unveiled in Kazakhstan’s capital, Astana. The opening ceremony was attended by the National Leader of the Turkmen people, Chairman of the People’s Council of Turkmenistan Gurbanguly Berdimuhamedov, Chairman of the Senate of the Parliament of Kazakhstan Maulen Ashimbayev, and
During a summit of the Shanghai Cooperation Organization (SCO) in Astana, Kazakhstan on July 4, the leaders of the SCO member states accepted Belarus as a new member of the Eurasian political and security bloc founded by China and Russia in 2001. With the addition of Belarus, the SCO membership has now expanded from originally
Kazakhstan President Kassym-Jomart Tokayev on July 3 held talks with Chinese President Xi Jinping, who arrived in Astana on a state visit and for participation in a summit of the Shanghai Cooperation Organization (SCO). Tokayev started the talks by saying that China is a strategic partner and one of Kazakhstan’s main allies. President Xi Jinping
At the Kazakhstan-China roundtable in Astana on July 2, 44 documents were signed amounting to over $3.7 billion. The agreements aim to develop joint projects in energy, transport, industry, agriculture, and high technology, Kazakh Invest national company reported. In particular, national railways company Kazakhstan Temir Zholy JSC and Lianyungang Port Group signed an agreement to invest in the construction
The upcoming meeting between the heads of state of Kazakhstan and China will benefit peoples of the two countries, and the agreements to be reached will open a new chapter in the Kazakhstan-China permanent comprehensive strategic partnership, Kazakhstan President Kassym-Jomart Tokayev said in an interview with the Xinhua news agency. Chinese President Xi Jinping has arrived on
China’s Foreign Ministry announced on June 30 that President Xi Jinping will attend the 24th summit of the Shanghai Cooperation Organization (SCO) in Astana and pay state visits to Kazakhstan and Tajikistan from July 2 to July 6, RFE/RL reported. “From July 2 to 6, President Xi Jinping will attend the 24th Meeting of the
Speaking in the Mazhilis (the lower house of Kazakhstan’s parliament) on June 26, Deputy Minister of Culture and Information Kanat Iskakov commented on rumors about the alleged existence of foreign biological laboratories in Kazakhstan, Zakon.kz reported. The issue was raised by Mazhilis deputy Rinat Zaitov, who asked if there are US biological laboratories in Kazakhstan?
Prospects for cross-border transport corridors in Eurasia, realising their economic potential, reducing costs and coordinating efforts of authorities and businesses will be key topics discussed by government representatives, businesspeople and experts at the Eurasian Development Bank’s (EDB) Annual Meeting and Business Forum on 27–28 June in Almaty. The session titled “The Eurasian Transport Network: Potential, Challenges
OSCE Chair-in-Office, Minister for Foreign and European Affairs and Trade of Malta Ian Borg on 25 June concluded his visit to Kazakhstan. The visit focused on strengthening regional cooperation and the OSCE’s engagement in addressing the broad range of security challenges the region is facing. In Astana, Minister Borg met with President of Kazakhstan Kassym-Jomart Tokayev, Chairman of
The Eurasian Development Bank (EDB) has released its Macroeconomic Outlook for its six member states. According to the report, in 2024 Armenia’s GDP is expected to grow by 7.5%, Belarus’s by 3.4%, Kazakhstan’s by 5%, Kyrgyzstan’s by 5.5%, Russia’s by 3%, and Tajikistan’s by 8%. For most EDB member countries, the outlook has been upgraded
On June 20 in Astana, representatives of the national company Kazakh Invest met with Vikram Vuppala, CEO of the Indian company NephroPlus to discuss the company’s plans for developing the dialysis market in Kazakhstan, Kazakh Invest reported. Vikram Vuppala told the Kazakh representatives that NephroPlus considers Kazakhstan as a new market for investment in the framework of
Kazakhstan President Kassym-Jomart Tokayev has signed into law a bill on mass media that will hinder journalists from getting comments from officials and interviews, RFE/RL’s Kazakh Service reported. Domestic and international rights groups and media experts have expressed concerns over the new law, saying it will compromise independent journalism and lead to self-censorship in the Central Asian
On June 16, the Institute of Nuclear Physics in Almaty, Kazakhstan began the first delivery of molybdenum-99/technetium-99 generators to Kyrgyzstan, Kazakhstan’s Ministry of Energy reported on its website. On June 17, the Minister of Energy of Kazakhstan Almasadam Satkaliev visited the Institute of Nuclear Physics, which is the only research organization in Kazakhstan in the
Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) says that this year, it plans to transport 125 thousand passengers on trains to the country’s Borovoye resort — a record high number over the last three years. Last year, the number of passengers amounted to over 86.2 thousand. Three years ago (in 2020), 10 thousand passengers