Kazakhstan’s largest banks hike fees on cash ruble deposits to 10-15% as demand drops. Halyk Bank and Bank CenterCredit lead the change, with fees effective from late July and August.
ERG in final talks to sell Brazilian subsidiary BAMIN to Portugal's Mota-Engil. Deal may be signed within two months, involving $5 billion iron ore project and infrastructure.
Brent oil prices fell to $84 after nearly reaching $100. Supply disruption fears eased amid US-Iran talks and resumption of Kazakhstan's oil shipments via CPC.
British oil company Nostrum Oil & Gas is selling its Kazakhstan business due to mounting losses and debt. A potential buyer emerged, but bankruptcy remains an option.
The tenge strengthened to 473.40 per dollar on KASE despite a 6.54% drop in Brent oil. Exports via CPC resumed. Trading volume reached $433.5 million.
Kazakhstan's financial regulator approved Henk Jan Hoogendoorn as independent director of Halyk Bank on July 24, 2026. He brings over 30 years of international banking experience.
Kazakhstan resumes oil exports through Caspian Pipeline Consortium after drone attack suspension; loading operations restart at Novorossiysk terminal.
After a sharp rise, the dollar fell by 3 tenge on Monday to 473.4 tenge. The euro also dropped. See detailed exchange rates in Astana, Almaty, and Shymkent today.
The dollar rose over 20 tenge on KASE since mid-July. Analysts at AFC explain the tenge's weakening after the base rate cut. Further dollar gains possible.
Kazakhstan allocates 384 billion tenge for power plant repairs in 2026. Work is on schedule despite less than half completed. Five CHP plants under scrutiny.
A 28-year-old Kostanay man sentenced to 2 years for illegal crypto trading on Binance, with 1.9 billion tenge, cars, and crypto confiscated. Banned from digital asset operations for 7 years.
Elon Musk lost his trillionaire status 12 days after his record. His net worth dropped to $725 billion, but he remains the richest person in the world.
Uzbekistan expands stablecoin collateral rules to include government bonds, tightening protections for digital asset holders under a new regulatory framework.
Kazakhstan's state guarantee for mandatory pension savings will remain after 2027; only the mechanism for compensatory payments is being adjusted, the labor ministry reports.
Starting in 2027, Kazakhstan will change pension savings payout rules. Citizens can transfer up to 100% of savings to private managers. More on infohub.kz.
BAIC to start production of five SUV and crossover models in Kazakhstan at the SaryarkaAvtoProm plant in Kostanay. Details on BJ60, BJ40, BJ30, X35, X55.
The US dollar surged sharply on KASE on July 24, reaching 476.07 tenge, a rise of nearly 10 tenge in one day. The national currency weakened. Full details on infohub.kz.
A new banking law in Kazakhstan reduces the maximum deposit payout period from 35 to 20 business days. The KFGD has already paid 38 billion tenge within just 6-8 days.
Financial holding Republic posted 1.6 billion tenge in net profit for 2025. Major shareholder Yerkin Koshkinbayev. Subsidiaries in Kazakhstan and Kyrgyzstan.
Kazakh central bank chairman says banks reluctant to adopt unified QR, preferring own systems. National Bank pushed project, large banks supported.
Kazakhstan's auto parts production jumped 52.7% in H1 2026 to 327.8M tenge, driven by localization projects in Kostanay and Almaty aiming for 51% local content.
Bank of Russia unexpectedly cuts key rate to 14%, catching analysts off guard. It also raised 2026 inflation forecast to 6-7% from 5.1-5.6%, citing fuel costs.
Damu Fund executive pay rose to 315.4M tenge in 2025, up 34.9% from 2024, but average per board member fell 3.7% as board expanded from 5 to 7 members.
The unified SME program 'Isker aimaq' has approved over 300 projects worth over 21 billion tenge in Kazakhstan. In 2026, funding is planned to increase to 400 billion tenge.