News Roundup – March 25, 2008


Moscow Times: Credit crunch slows building 

“The banks aren’t offering new liquidity to construction companies, which has slowed building,” said Sadyr Shaguzhayev, head of lending and capital markets at Almaty-based Bank TuranAlem, the state’s second-biggest lender…

Reuters: Flood in Kazakhstan leaves thousands without water

Thousands of people were left without fresh water in Kazakhstan on Monday after a major flood disrupted water supplies in the southwest of the Central Asian state, the Emergencies Ministry said…

CACI Analyst: Russia and Central Asian gas: Recent trends and their implications

On March 11, 2008, Russia and Gazprom announced that beginning in 2009 Russia would buy gas from Kazakhstan, Uzbekistan, and Turkmenistan at world market prices.  Western commentary has centered on Russia’s efforts to retain its status as gatekeeper to Central Asian energy exports to the West, and that Ukraine and Europe will likely be the losers.  But there are deeper insights to be gleaned from this event, and important implication…

BusinessWire: Kazakhstan Stock Exchange Finalizes Trading Rules According to Bracewell & Giuliani Attorneys, Gregory J. Vojack and Conor D. Funston

The Kazakhstan Stock Exchange has finalized its “Requirements for Listing on the Special Trading Floor of the Regional Financial Centre of Almaty City.” The new rules were written by London-based Bracewell & Giuliani associate, Conor D. Funston, in conjunction with the office of the Chairman of the Agency of the Republic of Kazakhstan on Regulation of the Regional Financial Centre of Almaty City (RFCA)…

Inhabitat: Norman Foster’s Almaty Twin Towers in Kazakhstan

World-renowned architect Sir Norman Foster seems to be making a lot of friends in the former Soviet Union, with news of new Foster design proposals in Russia and Central Asia being approved almost every month. Kazakhstan’s capital city Astana already features two Foster designed marvels: a stunning Palace of Peace and Reconciliation pyramid structure and another tent-like development called Khan Shatyry Entertainment Center soon to be completed late next year…

Gulf Times: Damac bags top award at Kazakh realty show

Damac Properties, a leading private-sector master developer, has won the ‘Best Debut Stand’ award at the recently concluded KazRealty 2008, in Kazakhstan.  At the KazRealty – a road show, Damac showcased its wide range of properties spread across the Middle East…

Radio Free Europe / Radio Liberty: Norouz In Kazakhstan 

Families throng to Almaty for a day of food, music, and fun for the children as they celebrate Nouroz…



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