Ikea ruffles a few feathers with first Korean store Global furniture giant Ikea opens its first store in South Korea, a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way.
16 December 2014
Kazakhstan-based airlines banned from flying to Europe According to the EC, Air Astana is eligible to perform flights to Europe only when using certain types of aircraft. The statement didn’t specify the types of the aircraft.
12 December 2014
What's with the gasoline prices in Kazakhstan? Kazakh government is lowering gasoline prices. But for how long? And does it address the fuel deficit in the country?
11 December 2014
Turkey wants share of Mediterranean energy wealth: PM Turkish Prime Minister said his country wanted a share of the energy deposits off the shores of Cyprus, an issue that has strained ties with both Nicosia and Athens.
06 December 2014
France and Kazakhstan to sign agreements worth $530.3 million For the first 9 months of 2014 the bilateral trade turnover figure made up $4.7 billion, with major Kazakhstan’s exports being oil, metals and chemicals.
05 December 2014
First Vice Energy Minister refutes anticipated substantial petrol prices hikes Earlier a Senator said that Western oil majors operating in Kazakhstan were willing to supply crude to be processed for domestic consumption at global prices.
03 December 2014
Kazakhstan's 2014 oil production figure expected to be lower than 2013 figure: Energy Vice-Minister Back in 2013 Kazakhstan produced 81.731 million tons of oil, including condensed gas, 3.2% up against 2012.
03 December 2014
Railway link from Kazakhstan to Iran across Turkmenistan to be inaugurated today The agreement on construction of the Kazakhstan-Turkmenistan-Iran railway link was signed by the three leaders back in 2007, the actual construction works commenced in 2009.
03 December 2014
Kazakhstan to meet domestic demand for cement shortly According to Vice Minister for Investments and Development, Kazakhstan has a vast cement production potential, however in the current year the country has imported over 1 million tons of cement.
02 December 2014
Kazakhstan suspends power supplies to Russia over rouble depreciation Kazakhstan is looking for alternative markets for its coal as Russia is seeking to replace Kazakhstan’s coal with coal mined at Russia’s Kuzbass.
28 November 2014
Oil prices mixed ahead of key OPEC meeting Oil prices were mixed in Asia ahead of a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.
24 November 2014
'Call of Duty' blasts past $10 bn in sales Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales.
21 November 2014
China to double Iran energy investment: official China will double its investment in Iran's energy projects, ahead of a deadline for a deal with world powers over Tehran's nuclear programme.
17 November 2014
Kazakhstan should join BRICs? - The Banker The Banker's chief editor Brian Caplen says it makes sense for BRICs to invite Kazakhstan to join the alliance.
14 November 2014
Kuwait sees no output cut at OPEC meeting OPEC is not likely to cut crude output when it meets later this month amid hopes that the market will absorb surplus supplies, the Kuwaiti oil minister said.
11 November 2014
Kazakhstan not ready for electromobiles: expert Eduard Edokov, the head of the Independent Automobile Union of Kazakhstan, says that Kazakhstanis are not yet ready to transition to electromobiles both because of their mentality and the lack of infrastructure in the country.
09 November 2014
Russian central bank ready to step in to stop ruble panic Russia's central bank said it was ready to step in to protect the crashing ruble, after the currency was hammered by a day of panic selling.
08 November 2014
Following overhaul at three oil refineries Kazakhstan may face excessive supply of petroleum products The only potential market available for our petroleum products is that of other Central Asia states with a growing population and a shortage of oil processing capabilities of their own. And Afghanistan as well: Vice Chairman of the Board at KazMunaiGas.
06 November 2014
New pipelines to be delivered to Kashagan early 2015 According to the Energy Minister, of today the project subcontractors have purchased around 45 kilometers of pipelines.
05 November 2014
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