Net FX/gold reserves shrank by 2.6% m/m to USD 24.942bn as of Jul 31, the National Bank of Kazakhstan has informed. Since the beginning of the year, the reserves decreased by 10.1%. Gross gold assets increased to USD 5.65bn as of Jul 31, from USD 5.064 as of Jun 30. Gross foreign currency assets went down by 5.9% m/m to USD 19.818bn. On the other hand, assets of National Oil Fund grew by 1.4% m/m and 11.4% ytd to USD 64.343bn. Thus, total country's assets amounted to USD 89.285bn and expanded by 4.4% since the beginning of the year.
The Romanian authorities have approved the transaction through which China Energy Company (CEFC) is taking over 51% of KazMunayGas International (KMGI), the majority shareholder in Romania’s ... more
The Kazakhstan Stock Exchange (KASE) Index increased by 72% y/y to July 19, Frontera analytics agency reported on July 25. The rise in the index was ... more
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more