A quartet of state-of-the art, government-built stadia rise out of former marshland in energy-rich Kazakhstan's futuristic capital Astana, but the Central Asian state's soaring sporting ambitions have been shot down by the global oil slump.
KazMunayGas JCS (KMG) is selling 50% of the company’s share in Kashagan to the National Welfare Fund Samruk-Kazyna of Kazakhstan for almost $4.7 billion.
A world-renowned economist Nouriel Roubini has spoken about the transformation program of Kazakhstan’s Samruk Kazyna National Wealth Fund during the VIII Astana Economic Forum.
Chief Human Resources Officer at Sovereign Wealth Fund of Kazakhstan Samruk Kazyna says that the fund may reduce the number of its foreign experts in the near future.
Kazakh National Wealth Fund Samruk-Kazyna has ordered its subsidiaries to avoid making unnecessary foreign currency transactions to reduce pressure on the tenge exchange rate in Kazakhstan.
CEO of Samruk Kazyna Contract Serikbek Yelshibekov said that Kazakh businessmen were becoming reluctant to enter long-term contracts with Samruk Kazyna subsidiaries due to the unstable situation at the oil market.