Archive for October 2nd, 2009
Kazakhstan Daily News Roundup - October 2, 2009
HEADLINES:
Kazakhstan’s Islamic finance market starts to grow
(bne) - Eight months after Kazakhstan’s law on Islamic finance and banking was adopted, a handful of local and international Islamic institutions have already set up in the country. Looking ahead, the issuance of Islamic bonds by Kazakhstan-based companies is expected to drive the market for Sharia finance.
Banking debt falls by 18 percent in first half of 2009 - National Bank
(SRI) - External debt of Kazakhstan’s banking sector declined by 17.9 percent to $32.2 billion from $39.2 billion in the first six months of the year, according to a report published yesterday by the National Bank.
ENERGY:
Eni to start $3.9 billion Kazakh oil processing plant next year
(Bloomberg) - Eni SpA’s Kazakh unit, Agip KCO, is expected to start a $3.9 billion processing plant next year to prepare oil from Kashagan, the central Asian nation’s biggest field, for export
BUSINESS AND ECONOMY:
New capital requirements for Kazakh banks (SRI)
Moody’s Withdraws Astana City (Kazakhstan) Ratings (Moody’s)
Kazakh inflation slows to 6 percent last month - Statistics Agency (Bloomberg)
FSA approves original restructuring plan of BTA Bank (Interfax)
Portfolio of Kazakhstan’s Investment Fund shrinks in value 50 percent (Interfax)
National Bank of Kazakhstan: Exchange rates October 2, 2009 (Kazinform)
POLITICS:
Post-Soviet states to hold military drills in Kazakhstan (RIA Novosti)
REGIONAL:
Turkmenistan to seek compromise in Caspian dispute (Reuters)
Kazakhstan Regional News Roundup - October 2, 2009
Turkmenistan to seek compromise in Caspian dispute (Reuters)
Kazakhstan Politics Roundup - October 2, 2009
Post-Soviet states to hold military drills in Kazakhstan (RIA Novosti)
Kazakhstan Business and Economy Roundup - October 2, 2009
Kazakhstan’s Islamic finance market starts to grow (bne)
Banking debt falls by 18 percent in first half of 2009 - National Bank (SRI)
New capital requirements for Kazakh banks (SRI)
Moody’s Withdraws Astana City (Kazakhstan) Ratings (Moody’s)
Kazakh inflation slows to 6 percent last month - Statistics Agency (Bloomberg)
FSA approves original restructuring plan of BTA Bank (Interfax)
Portfolio of Kazakhstan’s Investment Fund shrinks in value 50 percent (Interfax)
National Bank of Kazakhstan: Exchange rates October 2, 2009 (Kazinform)
Moody’s Withdraws Astana City (Kazakhstan) Ratings
(Moody’s) - Moody’s Investors Service has today withdrawn the Ba1 with stable outlook foreign and local currency issuer ratings for Astana City (Kazakhstan). The ratings have been withdrawn for business reasons.
Kazakhstan Energy Roundup - October 2, 2009
Eni to start $3.9 billion Kazakh oil processing plant next year (Bloomberg)
New capital requirements for Kazakh banks
(SRI) - New capital requirements for commercial banks came into force in Kazakhstan on October 1.
Banking debt falls by 18 percent in first half of 2009 - National Bank
(SRI) - External debt of Kazakhstan’s banking sector declined by 17.9 percent to $32.2 billion from $39.2 billion in the first six months of the year, according to a report published yesterday by the National Bank.
ANALYSIS: Kazakhstan’s Islamic finance market starts to grow
(bne) - Eight months after Kazakhstan’s law on Islamic finance and banking was adopted, a handful of local and international Islamic institutions have already set up in the country. Looking ahead, the issuance of Islamic bonds by Kazakhstan-based companies is expected to drive the market for Sharia finance.
