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Nazarbayev: businessmen should help people in need

Kazakh President Nursultan Nazarbayev has called on the country’s businessmen to build socially important facilities in their native cities and regions. Speaking at the 25th session of the People’s Assembly of Kazakhstan, Nazarbayev said that there are a lot of rich people in Kazakhstan and they can do many good things for their home areas. “After they […]

SOCAR may increase daily gas supply to Georgia

SOCAR may increase daily gas supply to Georgia

Azerbaijan’s state oil company SOCAR may supply additionally three million cubic meters of gas per day to Georgia, Nazim Samadzade, first deputy head of SOCAR’s Gas Export Department, told reporters in Baku. He made the remarks on the sidelines of ‘The 2nd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals’, […]

Seven countries to deepen cooperation on China-Europe freight rail services

Seven countries to deepen cooperation on China-Europe freight rail services

Railway authorities of China, Belarus, Germany, Kazakhstan, Mongolia, Poland and Russia, have signed an agreement to deepen cooperation on China-Europe freight rail services, according to China Railway Corporation. The agreement serves the Belt and Road Initiative, expands the market share of rail freight between Asia and Europe and drives economic development and trade cooperation for […]

Kazakhstan’s KazMunaiGas places $2.75B Eurobonds

Kazakhstan’s KazMunaiGas places $2.75B Eurobonds

The Kazakh National Oil and Gas Company KazMunaiGas (KMG) successfully placed 5, 10 and 30-year Eurobond issuances with a total volume of $2.75 billion, the company said in a message April 20. The placement was completed under the $10.5 billion Global Medium Term Notes Program, established by KMG and its finance subsidiary, KazMunaiGaz Finance Sub […]

China-made C919 passenger jet to take off soon

China-made C919 passenger jet to take off soon

The C919, the first large passenger aircraft designed and built by China passed the last expert assessment on April 18, its manufacturer announced. The aircraft was given the go-ahead to begin a series of high-speed taxiing tests, the last step before its maiden flight. The process usually takes one to two months. According to Shanghai-based […]

Iran-Russia trade volume to grow further in 2017

Iran-Russia trade volume to grow further in 2017

Iran-Russia trade volume has surged by 70% after the removal of sanctions against the country early last year, Alexander Maksimov, honorary representative of the Russian Chamber of Commerce and Industry in Iran, told Sputnik. He added that Iranian-Russian trade relations are set to rise further this year after increasing almost twofold in 2016. In 2016, […]

Oil prices decline on growing US drilling activity

Oil prices decline on growing US drilling activity

Oil prices dropped this Monday morning in Asia following a three-day Easter break as investors digest North Korea’s failed missile launch. As of 14:28 (MSK), WTI Oil was down 46 cents or 0.86% at $52.72 per barrel. Brent Oil was down 48 cents or 0.86% at $55.41 per barrel. Investors could be reacting to the […]

What’s at stake for Saudi-East Asian relations?

What’s at stake for Saudi-East Asian relations?

Saudi Arabia’s King, Salman bin Abdulaziz Al Saud, accompanied by a large delegation including royal family members and ministers, paid a month-long visit (that started from the end of February) to East Asian-Pacific countries, including Malaysia, Brunei, Indonesia, Japan, and China. It is rare in Saudi diplomacy to have such long foreign visits. Thus, the […]

Korean automobile industry set to re-enter Pakistan market

Korean automobile industry set to re-enter Pakistan market

A number of foreign automobile companies, including some from the Republic of Korea – Hyundai Motor Corporation, and KIA Motor Company among others, are keen on investing in setting up car assembling plants in Pakistan, a potential market with a member population of around 200 million. Both leading Korean automobile companies used to assemble cars […]

Economic relations with Russia overshadowed by renegotiation of gas transit

Economic relations with Russia overshadowed by renegotiation of gas transit

The dominant topic in Georgia’s foreign economic relations in recent months was the renegotiation of terms for Russia’s gas transit to Armenia. Moscow is using a pipeline running through Georgia north-south to supply Armenia with natural gas, with Tbilisi receiving ten percent of the gas transported through the pipeline as a transit fee since 2007. […]

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