
Dollar diverges from official rate at Kazakh exchange offices
Exchange rates in Kazakhstan's major cities on July 18: dollar, euro, ruble. National Bank official rates vs market quotes in Almaty, Astana, Shymkent.

Exchange rates in Kazakhstan's major cities on July 18: dollar, euro, ruble. National Bank official rates vs market quotes in Almaty, Astana, Shymkent.

Apple reclaims world's most valuable company title from Nvidia as market cap hits $4.9 trillion, driven by AI strategy and iPhone demand. Nvidia shares fall 4% as investors reassess AI valuations.

Kazakhstan's spending on electricity imports from Russia surged 87% to $156 million in the first five months of 2026, the highest since at least 2020, as prices rose 49%.

Kazakhstan's oil and gas condensate production in the first half of 2026 fell 8.4% to 45.6 million tons. June output was flat year-on-year at 8.6 million tons. Details on Infohub.kz.

Apple has now reclaimed the world's most valuable company title, overtaking Nvidia. Market capitalization hit $4.9 trillion, with shares up over 20% YTD.

Kazakhstan's Ministry of Finance proposes transferring government procurements under special procedure to single organizers when thresholds are exceeded. The draft changes are open for discussion.

Malt plant Souffle Kazakhstan in Tekeli increased net profit by 40.7% to 3.2 bln tenge in 2025, with revenue up 27% to 22 bln tenge. The plant exports malt and is part of French group InVivo.

The dollar weakened to 470.54 tenge on the Kazakhstan Stock Exchange on July 17, dropping nearly 7 tenge over the week. Read more on Infohub.kz.

Kazakhstan's National Bank is implementing AI to proactively prevent fraud by combining data from banks, telecom operators, marketplace platforms, and monitoring the Darknet for new schemes.

Kazakhstan's Problem Loan Fund can now seize debts from accounts without court, restructure or write off bad loans, with new rules effective July 20, 2026.

Find out who is fully exempt from property tax in Kazakhstan until October 1, 2026, and who qualifies for tax relief. Details on calculation and new rates.

The dollar exchange rate on KASE fell to 469.83 tenge at the end of the week, the euro to 537.76 tenge. Detailed buying and selling rates in Astana, Almaty, Shymkent as of July 17, 2026.

Starting 2026, Kazakhstani pensioners will no longer be able to apply for loans online. New rules also affect those under 21. The measure targets fraudsters.

The National Bank of Kazakhstan has clarified that entrepreneurs will decide how many POS terminals to keep after the unified QR launch, and commissions may decrease.

Chinese company Guoyou Materials Group invests $1 billion in construction of multifunctional terminal at Kuryk port on Kazakhstan's Caspian coast, creating 800 jobs.

Kazakhstan's GDP accounted for 53.7% of Central Asia's economy in 2025, leading in FDI, banking assets, and trade with China. President Toqaev's policies drive diversification.

Despite global economic slowdown, the IMF upgraded Kazakhstan's GDP growth forecast to 4.6% in 2026, ranking it among the world's top performers. See full analysis on infohub.kz.

Kazakh banks have adopted a unified QR code for payments, processing over 160 billion tenge. Official launch on July 19. Discover how this interbank system will transform transactions.

Eurasian Fund for Stabilization and Development cuts Kazakhstan's 2026 GDP growth forecast to 5% and improves inflation outlook to 9.8%; revisions also for Russia, Armenia, Kyrgyzstan, Belarus, Tajikistan.

On July 19, Kazakhstan launches a unified QR payment system. Expert Aigerim Ilyasova explains why it may not work immediately due to phased bank integration, commissions, and security.

The National Bank clarifies that cashback will still be available with the unified QR system, but terms will vary by bank. Three banks plan special loyalty programs. Read more on infohub.kz.

Atyrau International Airport, managed by Turkish YDA Holding, posted a loss of 315.7 million tenge in 2025, reversing a profit of 616.5 million tenge in 2024.

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%.

National Bank publishes macroeconomic survey: experts lower tenge forecast to 500 per dollar in 2026, adjust inflation, GDP, and oil expectations.