Kazakhstan

Kazakhstan's Fintech Leader Kaspi Plans Ambitious $500 Million Bond Deal

14 days ago

In a significant financial move, Kazakhstan-based fintech giant Kaspi announced plans to secure a bond deal worth $500 million. This initiative reflects the company’s ongoing expansion in the rapidly evolving financial technology landscape of Central Asia, aiming to enhance its investment capabilities and better serve its growing customer base.

Oil Giants Win Key Arbitration Decisions in Kashagan Oil Field Dispute

23 days ago

In a recent turning point for major oil companies involved in Kazakhstan’s supergiant Kashagan oil field, favorable arbitration rulings have been passed down, reinforcing the interests of the investors in the ongoing dispute with the Kazakh government. This crucial development underscores the ongoing tensions between oil companies looking to maximize profits and governments seeking to assert control over their valuable natural resources.

Fintech Billionaire Kim on the Verge of Acquiring Jusan Bank, Kazakhstan's Major Lender

2 months ago

In an unexpected yet impactful shift within the Central Asian financial landscape, fintech mogul and billionaire, Kim, is poised to take helm of Jusan Bank, one of Kazakhstan's leading banking institutions. This move marks a significant advancement in the fintech sector and illustrates the growing influence of tech leaders in traditional finance realms.

Oil Majors Restart Talks with Kazakh State on $5 Billion Kashagan Sulfur Fine

6 months ago

In a move that many have anticipated, big oil companies have restarted negotiations with Kazakhstan over a disputed $5 billion fine levied against them for the flaring of sulfur at the gigantic Kashagan oil field. Such renegotiation will have potential implications for the big players in the oil industry and for environmental laws affecting the region.