Kazakh net FX/gold reserves shrinked by 2% to USD 23.1bn as of Oct 31. The FX/gold reserves shrank by 16.55% ytd to USD 23.153bn as of Oct 31, the National Bank of Kazakhstan (NBK) has informed. Gold reserves grew by 1.6% m/m but decreased by 2.74% ytd to USD 5.98bn. At the same time, reserves in foreign currency shrank by 3.05% m/m and plummeted by 19.95% ytd to USD 17.717bn as of the reported date. On the other hand, National Oil Fund’s assets went up by 3.87% m/m and increased by 18.87% ytd to USD 68.669bn as of Oct 31.
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
A new trial of Kazakh businessman Tokhtar Tuleshov began on July 13, in which he ... more
Kazakh President Nursultan Nazarbayev signed into law on July 11 a measure allowing only Kazakh citizens with at least five years of experience at government posts to register ... more