• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10429 0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10429 0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10429 0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10429 0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10429 0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10429 0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10429 0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00205 0%
  • TJS/USD = 0.10429 0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 847 - 852 of 1911

Central Asia Braces for Return of Radical Islamists Amid Syrian Turmoil

According to experts, the recent collapse of President Bashar al-Assad's regime in Syria raises concerns about potential destabilization in Central Asia. This development may force regional governments to repatriate citizens who were lured by Islamist propaganda, while the future of the Astana format negotiations on Syria remains uncertain. The swift coup d'état in Syria saw opposition forces capture Damascus and much of the country within days. Bashar al-Assad fled to Moscow, leaving a chaotic landscape dominated by the Islamist group Hayat Tahrir al-Sham, often described as a successor to ISIS and Al-Qaeda. The situation has plunged Syria into further instability. The Impact of Operation Zhusan Kazakhstan has firsthand experience dealing with the repercussions of Syria's instability. Between 2013 and 2017, hundreds of Kazakh citizens succumbed to Islamist propaganda, crossing borders illegally to join the conflict, often with their families. In response to the humanitarian crisis, Kazakhstan launched Operation Zhusan ("Wormwood") in January 2019 to repatriate citizens trapped in Syria. The operation, conducted in five stages and completed by February 2021, repatriated 607 citizens, 37 men, 157 women and 413 children (34 of whom were orphans). The government set up a rehabilitation center near Aktau on the Caspian Sea to provide treatment, restore documents, and offer vocational training for adults and education for children. All 37 repatriated men were detained and later convicted of terrorism-related activities, receiving sentences ranging between 6 and 14 years, whilst 18 women faced prosecution. Despite the operation’s success, many in Kazakhstan fear the returnees and their children might spread radical ideologies within the country. Lessons from the Region Other Central Asian countries have also grappled with the challenge of repatriating citizens from Syria. Bakhtiyor Babadjanov, an expert from the Institute for Strategic and Regional Studies under Uzbekistan’s president, detailed the experiences of Uzbek women lured to conflict zones. These women often found themselves deceived and abandoned in dire conditions, as described in an interview. "The 'happy caliphate' turned out to be a myth," Babadjanov explained, recounting stories of women and children abandoned without food or shelter during battles in Mosul. Survivors reported forced marriages, child abuse, and exploitation under the guise of religious duty. The Uncertain Future of the Astana Process Another significant connection between Central Asia and Syria has been the Astana process, a series of negotiations aimed at resolving the Syrian conflict. Since 2017, Kazakhstan has hosted 22 rounds of talks, including discussions on hostages, missing persons, and settlement efforts. However, the recent escalation in Syria casts doubt on the process. In late November and early December, armed opposition groups launched a large-scale offensive, capturing key cities, including Aleppo and Damascus. Despite this upheaval, Russian presidential spokesman Dmitry Peskov insisted the Astana process remains relevant as a platform for dialogue and consultation, notwithstanding the fact that Assad is now in Moscow. Heightened Risks of Destabilization Experts in Kazakhstan and Central Asia have warned that the fall of Assad's regime could lead to prolonged anarchy, ethnic and religious conflicts, and a refugee crisis. Political scientist,...

National Bank of Kazakhstan Predicts Higher 2025 Oil Prices Than Bank of America

The National Bank of Kazakhstan (NBK) has revised its forecast for 2025 oil prices, lowering the projected cost from $82.5 to $70 per barrel. Despite this adjustment, the NBK remains more optimistic than Bank of America, which recently reduced its 2025 oil price forecast to $65 per barrel. Bank of America’s Forecast Initially, Bank of America analysts projected Brent oil prices at $80 per barrel for 2025, aligning closely with the NBK's earlier forecast of $82.5. However, last week, Francisco Blanch, head of global commodities and derivatives research at Bank of America, announced a significant revision, citing oversupply and reduced demand driven by the global shift toward cleaner energy sources and transportation. The new forecast sets oil prices at $65 per barrel. NBK’s Adjusted Outlook In its updated Monetary Policy Report, the NBK revised its oil price forecast for 2025 to $70 per barrel, compared to an average of $80.3 in 2024. The adjustment reflects weaker anticipated demand from China and OECD countries, coupled with slower global economic growth. The NBK noted that "the relaxation of production restrictions by OPEC+ countries starting in 2025, alongside increased output from North and South America, will likely create a supply surplus in the oil market." External Influences The U.S. presidential election results could also impact global oil dynamics. President-elect Donald Trump and his administration have pledged to sharply increase domestic oil production beginning in January 2025, aiming to reduce petroleum prices. Additionally, Trump has suggested a potential withdrawal from the Paris Climate Agreement, which could further incentivize support for U.S. oil companies. For Kazakhstan, declining oil prices present significant fiscal challenges. According to the Ministry of Finance, the country collected 655.2 billion KZT ($1.2 billion) in mineral extraction tax (MET) from oil companies during the first 11 months of 2024. Oil export revenues contributed approximately 2 trillion KZT ($3.8 billion), bringing total budget revenues from the oil sector to over 2.3 trillion KZT ($4.4 billion) this year. The potential reduction in oil prices could, therefore, have a substantial impact on Kazakhstan’s economy, particularly on its budgetary revenues derived from the oil industry.

Kazakhstan, Xinjiang, and Hong Kong Forge Trilateral Partnership to Boost Trade, Investment, and Connectivity

Kazakhstan, China’s Xinjiang Uyghur Autonomous Region (XUAR), and the Hong Kong Special Administrative Region have agreed to establish a joint mechanism for trilateral cooperation. The agreement was reached on December 5 during a meeting in Urumqi, Xinjiang, attended by Kazakhstan's Vice Prime Minister Serik Jumangarin, XUAR Party Committee Secretary Ma Xingrui, and Hong Kong’s Secretary for Commerce and Economic Development Algernon Yau. At the meeting, Ma Xingrui underscored Xinjiang’s strategic role as a bridge connecting Kazakhstan with Hong Kong and the broader Belt and Road Initiative. Highlighting Kazakhstan as a critical transport hub linking Europe and Asia, and Hong Kong as a global trade and logistics center, Ma proposed developing a framework for collaboration. The suggested mechanism would focus on boosting investment and strengthening cooperation in key sectors, including finance, energy, agriculture, logistics, and cultural exchanges such as education, healthcare, tourism, and scientific research. Vice Prime Minister Jumangarin proposed establishing a Kazakhstan-Xinjiang-Hong Kong Cooperation Council to create actionable strategies for enhancing investment, trade, and economic ties. He suggested hosting the council’s inaugural meeting in Kazakhstan next year. Jumangarin also highlighted China’s significant investment in Kazakhstan, noting 145 joint projects worth $38 billion and 5,000 joint ventures currently operating in the country. He invited businesses from Hong Kong and Xinjiang to collaborate on establishing production facilities in Kazakhstan, particularly for the deep processing of agricultural raw materials. “Kazakhstan is a major exporter of grain and oilseed products, with growing livestock exports,” Jumangarin said. “We encourage businesses from Hong Kong and Xinjiang to partner with us in producing value-added food products.” Hong Kong’s Secretary for Commerce, Algernon Yau, emphasized the city’s status as the world’s third-largest financial center and a global aviation hub connecting over 200 destinations. He welcomed Kazakh enterprises to register in Hong Kong, highlighting the city’s strong ties with ASEAN countries, which could provide Kazakh companies with expanded access to those markets. In a separate meeting, Jumangarin and Ma Xingrui discussed plans to double trade turnover between Kazakhstan and Xinjiang. XUAR is Kazakhstan’s largest trading partner among Chinese regions, accounting for nearly half of the bilateral trade volume. In 2023, trade between Kazakhstan and XUAR grew by 62%, reaching $20.3 billion. During the first nine months of 2024, trade increased by another 22.46%, reaching $17.67 billion. Both sides are working toward the goal set by the presidents of Kazakhstan and China to raise overall trade turnover to $100 billion. Another key topic was the development of river transportation as an alternative to road and rail routes. Kazakhstan proposed creating a multimodal transit corridor through Russia, Kazakhstan, and China using the transboundary Irtysh River, with initial freight traffic volumes projected at 2–2.5 million tons. Additionally, a potential route along the transboundary Ili River was discussed, linking the Kazakh city of Konayev with the Chinese city of Yining. The agreements reached at the trilateral meeting represent a significant step toward closer collaboration between Kazakhstan, Xinjiang, and Hong Kong. With plans to enhance trade, investment, and infrastructure development, the partnership holds great...

High Food Costs and Growing Waistlines: Kazakhstan’s Struggle with Rising Obesity

More than half of Kazakhstan’s population is overweight or obese, even as food prices in the country continue to climb. Deputy Prime Minister Serik Jumangarin recently highlighted that nearly 50% of consumer spending is allocated to food and beverages. In response, members of the Senate and the upper house of parliament are advocating for stricter regulations on food quality. Aniko Nemeth, an expert on food safety and nutrition at the Food and Agriculture Organization’s (FAO) regional office for Europe and Central Asia, pointed out the country’s obesity crisis during a Senate hearing on food security. Drawing from data from the Kazakh Academy of Nutrition, she noted that 55.5% of women and 49.2% of men in Kazakhstan are overweight or obese. At the same time, 5.6% of the population suffers from malnutrition. The paradox highlights a larger issue: the rising cost of a healthy diet. According to Nemeth, the price has increased by at least 8% over the last eight years. Urban residents are more affected than rural residents who can supplement their diets with homegrown produce. Deputy Prime Minister Jumangarin acknowledged that food prices are a major burden for the population. He outlined measures to address the issue, including constructing 92 modern fruit and vegetable storage facilities by the end of next year. With a capacity of 700,000 tons, these facilities aim to stabilize seasonal prices. Additionally, subsidies for seeds will be increased to support farmers, focusing on reducing dependency on foreign hybrids. Jumangarin also addressed the dependence on imported meat, which drives up costs. He announced plans for a commercial livestock farming project in the Turkestan region, modeled on Australia’s practices. Expected to launch in 2025, the initiative aims to lower domestic meat prices and increase sausage production. Furthermore, Kazakhstan is set to become self-sufficient in poultry production and may even begin exporting chicken meat within a few years. Kazakhstan’s cheese production currently meets only 57% of domestic demand. New production projects are underway to bridge the gap, including partnerships with global leaders like French-owned Lactalis, the world's largest dairy products group. Jumangarin revealed plans for a facility in the Akmola region and another in Kostanay to produce 2,000 tons of cheese annually. These efforts coincide with an anticipated surplus in milk production from newly established dairy farms. Despite these efforts to make food more affordable, senators believe legislative action is needed to address the obesity epidemic. Arman Utegulov, representing the agricultural ministry of Kazakhstan, proposed a law to regulate genetically modified organisms (GMOs) and foods treated with pesticides and antibiotics. He also called for stricter oversight of laboratories and trade centers to ensure food quality. “Excessive hormones in animal feed lead to chronic diseases,” Karimovich warned. He suggested amendments to existing legislation and even the potential return of veterinary laboratories to state control to tackle these issues. Kazakhstan faces a dual challenge: ensuring food affordability and combating rising obesity rates. While government initiatives aim to support domestic agriculture and stabilize food prices, balancing quality and cost remains critical....

Kazakhstan’s Middle Power Strategy Captures U.S. Focus in Trump-Tokayev Talks

On December 5, a telephone conversation took place between Kazakhstan's President Kassym-Jomart Tokayev and U.S. President-elect Donald Trump. According to Akorda, the official residence of the Kazakh president, Tokayev congratulated Trump on his election and both leaders expressed a commitment to strengthening their strategic partnership in trade, investment, and nuclear non-proliferation. They also agreed to maintain regular contact to sustain the momentum of bilateral cooperation. Kazakhstan as a Mediator This brief but significant interaction has fueled speculation that Trump may view Kazakhstan as a potential mediator in negotiations between Russia and Ukraine. International expert Arkady Dubnov has suggested that Astana could become a platform for dialogue involving Trump, Vladimir Putin, and Volodymyr Zelensky, or other high level representatives. This aligns with Kazakhstan’s diplomatic efforts to promote mediation and its firm belief that the ongoing conflict can only be resolved at the negotiating table. Tokayev and the Role of Middle Powers Under Tokayev’s leadership, Kazakhstan has consolidated its status as a “Middle Power.” The term gained prominence in May during Tokayev’s Singapore Lecture, part of a prestigious series organized by the Yusof Ishak Institute (ISEAS). In his speech, “Kazakhstan and the Role of Middle Powers: Promoting Security, Stability, and Sustainable Development,” Tokayev emphasized the risks of global polarization and the need for middle powers to act against a new Cold War. Tokayev revisited this concept in an article for the French newspaper Figaro, highlighting the growing influence of middle powers amidst the deadlock faced by global superpowers, such as the United States and China. Tokayev wrote, “The economic and political importance of these countries is growing, and their balanced and constructive position is becoming an advantage in the face of global uncertainty.” At the Astana Think Tank Forum in October, Tokayev reiterated this idea, calling for the reform of the UN Security Council to amplify the voices of regional and middle powers. “The Security Council is in a deadlock, and we need to find a way out,” Tokayev stated. Trump's Strategy Trump’s outreach to Tokayev appears to validate these concepts. Following his election, Trump has engaged with the leaders of regional and middle powers, including India, Israel, Canada, and South Korea, signaling a possible strategy to build a coalition of such nations for his proposed reforms to the global security architecture. Kazakhstan's balanced and constructive foreign policy, combined with its emphasis on multilateralism, positions it as an effective interlocutor in global conflicts. Tokayev’s vision of middle powers as mediators may prove instrumental in shaping a more inclusive and cooperative international order.

Tracing Ties: Donald Trump’s Diplomatic Legacy with Kazakhstan

Away from his business dealings, the official relationship between U.S. President-elect Donald Trump and the Central Asian republic began under the first president of Kazakhstan, Nursultan Nazarbayev. On January 17, 2018, Trump received Nazarbayev at the White House on an official visit, praising the existing relations between the two nations. “I’m thrilled that you’re here. Everyone deeply respects you. We have a wonderful relationship between our countries. Now, Kazakhstan is in a perfect situation. It is a great honor for us to receive you. What you have done for your country is truly remarkable,” Trump stated. It is widely-believed that during this visit, Nazarbayev warned Trump of the upcoming transition of power in Kazakhstan, naming Kassym-Jomart Tokayev as his successor. On June 25, 2019, following Kazakhstan’s presidential election, Trump sent a congratulatory telegram to Tokayev. “We have made great progress in our bilateral relations over the years, and I am confident that the spirit of our cooperation will continue to strengthen. It is gratifying that American businesses continue to open new opportunities to expand economic cooperation with Kazakhstan,” Trump wrote. According to the Akorda press service, the White House head noted that the U.S. intended to continue collaborating to promote an expanded strategic partnership with Kazakhstan. “I look forward to working with you to advance our deepened strategic partnership to counter common challenges; the United States values a strong partnership with Kazakhstan. It will continue to work with you and the people of Kazakhstan to advance our shared interests in Central Asia and globally. I wish you every success in your work,” Trump said in his message. Summarizing the Trump presidency’s impact on Central Asia in February 2021, renowned Kazakh economist, Zhandos Temirgali, emphasized his opinion that the “Trump administration has been prudent enough to maintain and develop the C5+1 format for cooperation with Central Asia, initiated in 2015 by the Obama administration, which was established in response to China’s One Belt, One Road initiative, and soon proposed a more global alternative: the Blue Dot Network. Over the years of Trump’s presidency, the C5+1 format has established itself as a reliable platform that unites the region’s states at the highest level in their pursuit of strategic cooperation with the leader of the [United States.].”