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Kursiv News Welcome to Kursiv News. Here we publish the latest news from Kazakhstan, Central Asia, the Caucasus:

Kazakhs are not traditionally coffee drinkers — it’s simply not part of the national culture, said Kazakh historian and ...
04/07/2025

Kazakhs are not traditionally coffee drinkers — it’s simply not part of the national culture, said Kazakh historian and culinary researcher Aigerim Musagazhinova in a recent issue of Qalam History media project. However, a social shift toward embracing coffee as a daily staple appears to be brewing in Kazakhstan.

Tea vs. Starbucks culture: a social shift toward embracing coffee as a daily staple appears to be brewing in Kazakhstan.

The American exchange-traded fund First Trust Financials AlphaDEX (FXO) has added common shares of Freedom Holding Corp....
04/07/2025

The American exchange-traded fund First Trust Financials AlphaDEX (FXO) has added common shares of Freedom Holding Corp. (FRHC) to its index. As of now, FXO holds 185,000 FRHC shares, which make up 1.22% of the fund’s total portfolio.

Freedom Holding Corp. (FRHC) shares have been added to the First Trust Financials AlphaDEX ETF (FXO), marking a new milestone for the company’s presence in U.S. financial markets

In the age of memes and clicks, social cartoons — a long-standing form of political and social commentary — have proven ...
03/07/2025

In the age of memes and clicks, social cartoons — a long-standing form of political and social commentary — have proven remarkably resilient, finding new life and a global audience online.

In the age of memes and clicks, social cartoons — a long-standing form of political and social commentary — have proven remarkably resilient.

Kazakhstani online game Grand Mobile has raised $750,000 in investment from the Astana Hub Venture Fund.
03/07/2025

Kazakhstani online game Grand Mobile has raised $750,000 in investment from the Astana Hub Venture Fund.

Grand Mobile raises $750K from Astana Hub Ventures to boost global reach after 60M downloads and major success outside Kazakhstan

Kazakhstan’s National Bank emerged as the world’s most active gold buyer in May, according to data from the World Gold C...
03/07/2025

Kazakhstan’s National Bank emerged as the world’s most active gold buyer in May, according to data from the World Gold Council (WGC).

Kazakhstan’s National Bank emerged as the world’s most active gold buyer in May, according to data from the World Gold Council.

Zaman Bank, Kazakhstan’s Islamic bank, was the country’s sole financial institution to post a loss in May, reporting a d...
02/07/2025

Zaman Bank, Kazakhstan’s Islamic bank, was the country’s sole financial institution to post a loss in May, reporting a deficit of approximately $2.4 million, according to data from the National Bank of Kazakhstan.

Zaman Bank was the only financial institution in Kazakhstan willing to engage with the Taliban. Other banks were said to be still hesitating.

Kazakh President Kassym-Jomart Tokayev has signed a law banning the wearing of clothing in public that obscures a person...
30/06/2025

Kazakh President Kassym-Jomart Tokayev has signed a law banning the wearing of clothing in public that obscures a person’s face, except in limited cases defined by law.

Kazakhstan banned the wearing of clothing (including the niqab and burqa) in public that obscures a person’s face.

Developed countries not only intervene in the progress of specific economic sectors, but they also do so more actively t...
27/06/2025

Developed countries not only intervene in the progress of specific economic sectors, but they also do so more actively than developing nations. Moreover, they tend to support established industries with strong export potential.

The reason is straightforward — only rich countries can afford expensive tools like subsidies and export credit programs.

Oil and gas companies are investing less and less in fixed assets in Kazakhstan. In 2024, capital investment by oil and ...
26/06/2025

Oil and gas companies are investing less and less in fixed assets in Kazakhstan. In 2024, capital investment by oil and gas enterprises dropped to 2.3 trillion tenge (approximately $4.9 billion), marking a 32.8% year-on-year decline in real terms.

Outside of the country’s three mega-projects — Tengiz, Kashagan and Karachaganak — the oil sector has little to drive new investment.

The recent installation of Astana’s light rail transit (LRT) trains has drawn widespread attention both online and in pe...
25/06/2025

The recent installation of Astana’s light rail transit (LRT) trains has drawn widespread attention both online and in person, as residents of Kazakhstan’s capital city unwittingly echoed a scene from a legendary Soviet-era painting by Kazakh artist Abylkhan Kasteyev (1904-1973).

The installation of LRT trains in Astana has drawn widespread attention, as city residents echoed a scene from a Soviet-era painting.

In early 2024, Kazakhstan adopted a decree upgrading the village of Zhetygen in the Almaty region to a city of regional ...
24/06/2025

In early 2024, Kazakhstan adopted a decree upgrading the village of Zhetygen in the Almaty region to a city of regional significance and renamed it Alatau, meaning «Bright Mountains.» The newly designated city has since become Kazakhstan’s flagship urban development project, with China’s Shenzhen allegedly serving as a model.

The newly designated city has since become Kazakhstan’s flagship urban development project, with China’s Shenzhen serving as a model.

According to Kazakhstan’s Minister of National Economy Serik Zhumangarin, the Astana International Financial Centre (AIF...
23/06/2025

According to Kazakhstan’s Minister of National Economy Serik Zhumangarin, the Astana International Financial Centre (AIFC) has become a tool that foreign companies use to evade taxes, turning it into something like an offshore zone within the country. However, Speaker of the Senate Maulen Ashimbayev disagreed with this position.

The AIFC debate reveals diverging views on its future in Kazakhstan

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