The 17.78% drop in gold prices since the start of the Iran conflict falls outside historical norms, according to analysts at Halyk Finance. In a recent report, they noted that the metal could gain as much as 30% over the next 12 months. Liquidity shock drives early decline The outbreak…
Chinese investors planning to build a locomotive plant in Atbasar, northern Kazakhstan, have failed to secure the necessary funding, prompting the government to search for a new investor. According to Deputy Transport Minister Maksat Kaliakparov, construction of the plant in the Akmola region has been delayed due to the investor’s…
A waste incineration project by Junxin Environmental Protection is moving forward in Almaty, with construction planned in the city’s Alatau district. Project scope and capacity The facility is designed to process up to 2,000 tons of waste per day and generate as much as 60 megawatts of electricity, which will…
Two IT hubs with a combined floor area of approximately 80,000 square meters are set to be launched in Almaty. The first is expected to open later this year, while the second — roughly the size of 10 football fields — will be built from scratch, according to Almaty Deputy…
The administration of the Pavlodar region signed a memorandum with China’s Snow Valley Agricultural Group Co. Ltd. to launch a large agro-industrial project with total investments of up to $200 million. Under the agreement signed by Gov. Assain Baikhanov, Snow Valley Agricultural Group Chairman Wang Dengshe, and CEO Zhang Fan,…
Kaspi.kz, Kazakhstan’s leading fintech company, said it has completed the purchase of 6 million American depositary receipts (ADRs) from Baring Fintech Venture Funds. Tencent is among the buyers. Following the transaction, Tencent has become one of Kaspi.kz’s largest shareholders, according to company disclosures. New investors and deal advisers In addition…
Global tech giants such as Amazon, Microsoft and Google may be considering Kazakhstan as a location for data centers, amid rising geopolitical risks in other regions. Shifting focus after Middle East disruptions Speaking at the Kursiv Ecosystems Forum on April 17, Vladislav Minkevich, head of the AKASHI Data Center project…
Kazakhstan has seen an increase in the number of legal entities with foreign capital, rising 10% year over year to 65,952 companies, according to the Bureau of National Statistics. Regional neighbors drive growth The main drivers of this growth over the past year have not been Western countries, but Kazakhstan’s…
According to Kazakh economist Ruslan Sultanov, the structure of foreign investment in Kazakhstan has shifted. By the end of 2025, the manufacturing sector attracted more investment than mining for the first time. Gross foreign direct investment (FDI) inflows reached $20.4 billion, up 14.4% from $17.9 billion in 2024. The growth…
On April 17, Freedom Holding Corp. announced the acquisition of ChessBase, one of the world’s oldest and largest providers of chess software, analytics and data. The company aims to strengthen its market position by expanding AI use and integrating the platform into its digital ecosystem, with planned investments of around…
Tiryaki Agro Holding, one of the largest agro-holdings in Turkey, intends to build a vegetable oil processing plant in the North Kazakhstan region, the regional administration announced. The plant will be located in the Qyzyljar Special Economic Zone in Petropavlovsk. With a capacity of up to 1,500 tons of product…
Kyrgyzstan has openly expressed frustration that, following the outbreak of the war in Ukraine, European countries sharply increased investment in Kazakhstan and Uzbekistan while largely overlooking Kyrgyzstan, Tazabek reported. Investment concentrated in two countries Kyrgyzstan’s ambassador to Germany, Omurbek Tekebayev, told a parliamentary committee meeting on April 7, 2026, that…
Kazakhstan has delivered its first batch of halal-certified products to Saudi Arabia after receiving official accreditation, becoming the first country in Central Asia to obtain such certification from the kingdom. Access to a demanding market Saudi Arabia is one of the most stringent markets for halal products, according to KazStandard.…
According to Kazakhstan’s Ministry of Trade, Chinese company Fujian Hengwang Investment plans to build a large steel plant in the country. The announcement followed a visit to China by Minister of Trade and Integration Arman Shakkaliyev. The company is ready to invest about $1.2 billion in the project, with a…
Four-legged robots, often called quadrupeds, are gaining traction among AI companies. These robotic «dogs» are now being deployed to guard and patrol sprawling data centers across the U.S., according to a Fortune report. Growing demand for robotic security Tech firms are investing heavily in artificial intelligence infrastructure, with spending approaching…
Kazakhstan emerged as one of the largest buyers of Russian-made potato chips in January 2026, importing more than $7 million worth of products from its neighbor. At the same time, construction of a major potato chip plant backed by PepsiCo is nearing completion in Alatau, a flagship new city development…
The long-promised wave of AI-driven filmmaking — cheaper and faster than productions involving human crews — has yet to materialize. Expectations surrounding tools like Sora have not translated into a meaningful shift in how movies are made or consumed, according to 404 Media. Disney’s ambitious plan unravels Just a few…
The government of Kazakhstan has approved a 7.5 trillion tenge (about $16 billion) national program to develop coal-fired power generation, including incentives such as preferential mortgages for plant employees, the cabinet said. Plan aims to expand capacity and meet demand Prime Minister Olzhas Bektenov signed the program, which runs through…
Kazakhstan’s Minister of Energy Yerlan Akkenzhenov held talks with U.S. Secretary of Energy Christopher Wright at the CERAWeek international conference in Houston. The two sides discussed global energy security, the development of alternative export routes and the expansion of investment cooperation. The officials emphasized the strategic nature of their more…
International ride-hailing service inDrive acquired Pakistani quick-commerce startup Krave Mart in an all-stock deal, TechCrunch reported. TechCrunch said the deal was agreed to in 2025 and approved by Pakistan’s Competition Commission. Financial terms were not disclosed. The acquisition supports inDrive’s strategy to become a SuperApp as it expands beyond ride-hailing…
Kazakhstan is experiencing a dynamic surge in food and beverage production. Government forecasts anticipate food production volume to hit a remarkable 4.7 trillion tenge (approx. $9.7 billion) by the end of 2026. Beverage sector expansion Coca-Cola Almaty Bottlers is poised to drive growth in the beverage sector. The company plans…
InDrive CEO Arsen Tomsky said the company’s revenue grew by 31% last year compared with 2024, reaching $601.6 million. In an interview with Reuters, Tomsky said profitability per ride has improved after several years of rapid expansion. The privately held U.S.-based company is now seeking to expand its business in…
U.S.-based Cove Capital and Kazakhstan’s Tau-Ken Samruk are set to develop tungsten deposits in Kazakhstan. Investors from the U.S. plan to establish two processing plants and a metallurgical plant worth $1.1 billion. Kazakhstan’s Minister of Industry and Construction Yersayin Nagaspayev held talks with Cove Kaz Capital Group LLC CEO Dominic…
Organizers of a financial pyramid scheme allegedly posed as representatives of a company called Sirius Energy, which they claimed was involved in solar power generation projects in Chile. The suspects persuaded residents of Kazakhstan to invest in what they described as high-return renewable energy ventures. Read also: How Kazakhstanis lost…
