July 17, 2026
Almaty Renovation's net profit surges 94.5% in 2025
Almaty Renovation's net profit surged 94.5% in 2025 to 1.28 billion tenge, fueled by deposit income. Assets grew 35.2%, while liabilities rose 8.4%.
July 17, 2026
Experts lower tenge forecast to 500 per dollar by 2026
National Bank publishes macroeconomic survey: experts lower tenge forecast to 500 per dollar in 2026, adjust inflation, GDP, and oil expectations.
July 17, 2026
Margulan Seisembay Plans to Exit Traditional Business Within 5 Years
Kazakh businessman Margulan Seisembay plans to exit non-internet assets over the next 3-5 years, pivoting toward AI investments. He attributes the decision to project life cycles and new priorities.
July 16, 2026
Suspect in World Business Consulting pyramid scheme extradited from Georgia
A suspect in the World Business Consulting financial pyramid case was detained in Georgia and extradited to Kazakhstan. Investors were promised high returns and trips to the UAE.
July 16, 2026
How to Assess Your Wealth: A Financier's Advice for Kazakhstani People
Economist Aigerim Ilyasova advises creating personal financial reports to assess assets and debts, with an example calculation of capital and investment assets.
July 16, 2026
Kazakhstan Prepares New Electricity Price Increase
Kazakhstan raises preferential electricity prices for regional energy companies, potentially increasing household tariffs. Wholesale market dynamics drive.
July 16, 2026
Elon Musk Secretly Buys Gas Turbine Maker to Power Data Centers
Elon Musk secretly bought gas turbine maker APR Energy for $1B to power xAI data centers. Details of the deal and Mississippi lawsuits over mobile generators.
July 16, 2026
Kazakhstan's Central Bank Tests Banknotes for Wear and Laundering
The National Bank of Kazakhstan has demonstrated testing of tenge banknotes for wear, water, and laundering to improve security features and extend lifespan.
July 16, 2026
Russia Remains Top Supplier of Goods to Kazakhstan
Kazakhstan's foreign trade turnover rose 4.3% in Jan-May 2026 to $56.3 billion. Russia remained the top supplier, while China was the largest buyer of Kazakh goods. Full details on infohub.kz.
July 16, 2026
State budget revenues up 16%: results of new Tax Code
State budget revenues rose nearly 16% in the first half of 2026 thanks to the new Tax Code. VAT revenues increased almost 1.5 times, VAT payers reached 158,000.
July 16, 2026
Dollar Rate Reverses Direction: Kazakhstan Stock Exchange Trading Results
Following trading on the Kazakhstan Stock Exchange July 15, the dollar rate was 469.71 tenge. The euro and ruble also moved. Brent crude at $85.80 per barrel.
July 15, 2026
Currency exchange rates in Almaty and Astana on April 29
Average buying and selling rates for US dollar, euro, and Russian ruble at exchange offices in Almaty and Astana on April 29, with official National Bank of Kazakhstan rates.
July 15, 2026
Ekibastuz GRES-2 Forced to Pay 640 Mln Tenge Tax Debt
The Pavlodar regional prosecutor's office recovered a tax debt of 640 million tenge from Ekibastuz GRES-2. The amount has been paid to the budget, and work continues.
July 15, 2026
Kazakh scientist's son's firm Bapy Metals posts 461 million tenge profit
Bapy Metals posted 461.3 million tenge profit in 2025, up 33.7%. Revenue hit 7.6 billion tenge. The firm is owned by Kanat Chokin and Arman Serikbayev.
July 15, 2026
Office and Commercial Rent in Kazakhstan Up Nearly 20% in Five Years
Office and commercial property rents in Kazakhstan rose 19.3% since 2020 and 4.1% year-on-year, with highest increases in Astana and Akmola region, according to Q2 2026 data.
July 15, 2026
Oil prices edge higher amid US-Iran tensions
Oil prices rise amid US-Iran conflict. Brent hits $85.5, WTI near $80. Goldman Sachs warns prices could reach $110 by year-end on naval blockade fears.
July 15, 2026
Kazakhstan to Boost Rare Earth Metal Production by 40%, Eyes Foreign Partners
Kazakhstan aims to increase rare earth metal production by 40% by 2028, with investments from German, British, and US companies, says Minister Kanat Sharlapaev.
July 15, 2026
Two Kazakh Entrepreneurs Enter Forbes Billionaires List for First Time
Two Kazakh entrepreneurs, Nurlan Smagulov ($1.3B) and Aydin Rakhimbayev ($1.1B), debut on Forbes billionaires list. Vyacheslav Kim remains richest at $7.8B.
July 15, 2026
Samruk-Kazyna Buys Stake in Kazakhtelecom from Owner of Kazakhmys
Nurlan Artykbaev sold an 8.9% stake in Kazakhtelecom to Samruk-Kazyna. The fund's stake rose to 91.27%. The businessman earned about 35 billion tenge in a year.
July 15, 2026
Islamic Development Bank to Finance Water Projects in Kazakhstan
The Islamic Development Bank will provide grants and financing for water projects in Kazakhstan, with first tranches expected in 2024. Negotiations took place in Saudi Arabia.
July 15, 2026
Kazakhs Can Now Fully Manage Their Pension Savings, Deputy Says
Kazakhstani citizens can now manage 100% of their pension savings via private management companies, says Deputy Nartai Aralbaiuly, with state guarantees.
July 15, 2026
Food Inflation Declines for Third Straight Week in Two Kazakh Regions
Food inflation in Kazakhstan declines for third consecutive week in Akmola and Zhambyl regions. Deputy PM Zhumangarin chaired meeting on SSFP food prices.
July 15, 2026
Dollar takes another swing: currency rates in Kazakhstan for July 15
After the dollar's decline on KASE, exchange offices cut rates. Find current currency rates for July 15, 2026 in Almaty, Astana, Shymkent: dollar, euro, ruble.
July 15, 2026
Five Kazakh Banks Receive Universal Licenses
Five Kazakh banks (Alatau City, Forte, Kaspi, Halyk, Freedom) received universal licenses for all operations including interbank loans and guarantees.
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