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.
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.
Economist Aigerim Ilyasova advises creating personal financial reports to assess assets and debts, with an example calculation of capital and investment assets.
Kazakhstan raises preferential electricity prices for regional energy companies, potentially increasing household tariffs. Wholesale market dynamics drive.
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.
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.
The National Bank of Kazakhstan has demonstrated testing of tenge banknotes for wear, water, and laundering to improve security features and extend lifespan.
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.
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.
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.
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.
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.
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.
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.
Kazakhstan aims to increase rare earth metal production by 40% by 2028, with investments from German, British, and US companies, says Minister Kanat Sharlapaev.
Two Kazakh entrepreneurs, Nurlan Smagulov ($1.3B) and Aydin Rakhimbayev ($1.1B), debut on Forbes billionaires list. Vyacheslav Kim remains richest at $7.8B.
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.
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.
Kazakhstani citizens can now manage 100% of their pension savings via private management companies, says Deputy Nartai Aralbaiuly, with state guarantees.
Food inflation in Kazakhstan declines for third consecutive week in Akmola and Zhambyl regions. Deputy PM Zhumangarin chaired meeting on SSFP food prices.
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.
Five Kazakh banks (Alatau City, Forte, Kaspi, Halyk, Freedom) received universal licenses for all operations including interbank loans and guarantees.
National company KazMunayGas explained that its board members received over half a billion tenge in bonuses, dependent on individual KPIs, says Chairman Aschat Khasenov.
The dollar exchange rate in Kazakhstan fell by 7.45 tenge after a sharp rise. Find current quotes on the Kazakhstan Stock Exchange and at exchange offices nationwide.