business and economy
Business and Economy Roundup - May 20, 2008
Food costs may lift Kazakh inflation to 10 percent - FinMin
(Reuters/Guardian) - Inflation in Kazakhstan could reach double digits this year Finance Minister Bolat Zhamishev said on Sunday as spikes in global food and energy prices slice into consumer spending power in the Central Asian economy.
Qatar, Bahrain Islamic banks eye Kazakh growth
(Reuters) - Qatar Islamic Bank and Bahrain’s Ithmaar Bank on Monday announced moves into Kazakhstan, an increasingly popular destination for Gulf Islamic lenders eyeing deals outside their crowded home markets.
Ithmaar Bank and the government of Kazakhstan ready to launch $1bn CIS regional energy fund
(AME Info) - Ithmaar Bank, a Bahrain-based investment bank with global reach, announced the launch of the $1bn Ithmaar Kazyna CIS Energy Fund, in partnership with Kazyna Capital Management, a subsidiary of Kazakhstan’s Sustainable Fund, Kazyna.
Kazakhstan to resume wheat exports, seek shipments
(Kazinform) - Kazakhstan, the world’s fifth-largest wheat exporter, will allow unlimited grain exports after its ban expires in September, said Bolat Zhamishev, the country’s finance minister.
President Nazarbaev blames speculative activities for world food market cataclysms (Interfax)
Kazakhstan’s economy endures worldwide financial crisis (Stockhouse.com/CaspioNet)
National Bank of Kazakhstan: Exchange rates May 20, 2008 (Kazinform)
Russia, Kazakhstan and Ukraine trade volumes lead in EBRD-backed financing programme (Kazinform)
National Bank’s measures allow preserving country’s financial stability: A. Saidenov (Kazinform)
Kazakh forex reserves +$244.3M to $20.97B in two weeks to May 15 (fxstreet.com/Dow Jones)
Indicators - May 19, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
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