Finance
Kazakhstan to build strategic uranium reserve, freeze some deposits
Kazakhstan will create a strategic uranium reserve for future nuclear plants, freezing some deposits and stockpiling finished products, Almasadam Satkaliyev said.
Kazakhstan to keep LPG price cap unchanged through 2027
Kazakhstan's Energy Ministry plans to keep the LPG wholesale price cap at 59,722 tenge per tonne, excluding VAT, from January 1, 2027, under a draft order.
Mercedes-Benz weighs closing German plants amid cost-cutting dispute
Mercedes-Benz is considering closing German plants amid a dispute with its works council over cost cuts and a freeze on new investments in its German facilities.
Nvidia CEO Jensen Huang resigns amid scandal
Nvidia's board has announced Jensen Huang's resignation as president and CEO, effective immediately. Colette Kress has been named interim chief executive.
November 12, 2026
Energy Ministry: Drone attacks on Ust-Luga port did not affect Kazakh oil exports
Kazakhstan's Energy Ministry says drone attacks on Russia's Ust-Luga port have not affected Kazakh oil exports, with shipments via the port suspended since September.
November 12, 2026
Kazakhstan writes off KZT 373 billion in debt as 98,600 citizens declared bankrupt
Nearly 98,600 Kazakh citizens have been declared bankrupt, with KZT 373 billion in debts written off. Another 23,195 are in proceedings with KZT 134.5 billion in debt.
November 12, 2026
OpenAI quarterly revenue tops $10 billion for the first time
OpenAI's quarterly revenue tops $10 billion for the first time, up nearly 50%. Operating losses narrowed as its annual revenue run rate reached $50 billion.
November 11, 2026
Kazakhstan's National Bank credits favorable trade conditions for tenge strength
National Bank Deputy Chairman Akylzhan Baimagambetov said favorable trade conditions in oil, metals, uranium, grain and gold have supported the tenge.
November 11, 2026
Dollar falls below 445 tenge on KASE, euro below 500 tenge
The dollar weakened to 444.76 tenge on the KASE and the euro to 495.82 tenge. Cash buy and sell rates in exchange offices in Astana, Almaty and Shymkent.
November 11, 2026
Trump Media earns millions from early access to US president's posts
Trump Media earned $3 million in a quarter, with nearly half its revenue from the paid Truth API service giving traders early access to Trump's posts.
November 11, 2026
National Bank: 30% of Kazakh families live on 150,000–300,000 tenge a month
National Bank survey: 30.4% of Kazakh families live on 150,000–300,000 tenge a month, 58% have no savings, and 31.3% say their financial situation has worsened.
November 11, 2026
How to Sell a Car in Kazakhstan Without Overpaying Personal Income Tax: 2026 Rules
When selling a car in Kazakhstan triggers personal income tax: conditions, 10% and 15% rates, tax calculation, Form 270.00 declaration and 2026 payment deadlines.
November 11, 2026
Seven Anthropic co-founders to net $250M each in Nasdaq IPO
Seven Anthropic co-founders will each sell 3,378,378 shares in the Nasdaq IPO, netting about $250 million apiece and $1.75 billion combined, per the updated prospectus.
November 10, 2026
Analysts forecast dollar below 500 tenge in 2027
Analysts forecast a dollar rate of 499.4 tenge and 9.9% inflation in 2027. The base rate may stay at 15.75%, with GDP growth at 4.5%.
November 10, 2026
Kazakhstan to introduce fees for unused electrical capacity
Kazakhstan plans to charge businesses for unused electrical capacity after the Prosecutor General's Office uncovered systemic capacity hoarding.
November 9, 2026
Self-employed Kazakhs to be allowed to rent out housing tax-free
From 2026, self-employed Kazakhs will be able to officially rent out housing without individual income tax, paying only 1% social contributions and earning no more than 300 MCI a month.
November 9, 2026
CFO Forum II in Astana: Finance chiefs to discuss real-sector growth
CFO Forum II will take place on 26 November 2026 at The St. Regis Astana, where CFOs and executives will discuss growth in Kazakhstan's real sector.
November 6, 2026
Verny Capital and Beeline Kazakhstan close $81 million OLX Kazakhstan acquisition
Verny Capital, through Beeline Kazakhstan, has completed its $81 million acquisition of 100% of OLX Kazakhstan, a platform reaching 52% of the internet audience and 9 million users.
November 6, 2026
Dollar falls below 450 tenge on KASE as euro nears 500 tenge
The dollar fell to 447.14 tenge on KASE, down more than 4 tenge in a day, while the euro dropped to 500.15 tenge. Astana, Almaty and Shymkent exchange offices set new rates.
November 6, 2026
Mortgages for pensioners in Kazakhstan: which banks are willing to lend
Which banks in Kazakhstan offer mortgages to pensioners: terms from Bank CenterCredit, Otbasy Bank, Alatau City Bank, Nurbank and ForteBank, plus timelines and caveats.
November 6, 2026
Kazakhstan's National Bank extends car and housing loan exemptions from debt-to-income ratio
Kazakhstan's National Bank has extended the DTI exemption for housing loans under the HCS system until December 31, 2029, and for car loans until December 31, 2027.
November 6, 2026
Switch 2 sales fall nearly 40% after price hike
Switch 2 console sales fell 37.4% over six months after the price rose to $500 in the US. Nintendo kept its forecast of 16.5 million units.
November 6, 2026
Kazakhstan audit finds 24.1 billion tenge in violations in gas sector
Kazakhstan's Supreme Audit Chamber found 24.1 billion tenge in violations in the gas sector, highlighting gasification and infrastructure problems.
November 6, 2026
Kazakhstan deposit insurance reserve nears 1.8 trillion tenge: enough to cover payouts if a bank fails?
The KDIF reserve has nearly reached 1.8 trillion tenge — 5.9% of deposits against a 5% requirement. A look at guarantee limits, deposit structure and funding.
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