Who is Mukhtar Ablyazov?

Few will have heard of Mukhtar Ablyazov, but the accusations towards him of embezzlement and fraud are spread far and wide. A now fallen and fugitive former politician, running from persistent criminal allegations, his story is one that brings intrigue and mystery to those who may never have heard of him, as one Kazakh voice recalls…

“The name Mukhtar Ablyazov, the exiled oligarch who set up a transnational criminal organisation that is wanted by the law-enforcement agencies of the UK, Russia, Kazakhstan and Ukraine, is well known to many fans of crime fiction. And many look upon the life this man led as if it were entertaining light reading, a serial of many episodes with a complicated plot. Continue reading

Kazakhstan plans to double oil fund by 2015

ASTANA, Sept 11 (Reuters) – Kazakhstan plans almost to double the size of its National Fund to collect windfall oil revenues to $101.8 billion by 2015 from $54.3 billion as of Aug. 31, the Economy Ministry said in a document circulated on Tuesday.

Kazakhstan is the largest former Soviet oil producer after Russia and holds about 3 percent of the world’s recoverable crude reserves.

The Economy Ministry forecast Kazakhstan’s crude oil production at 81 million tonnes this year, rising to 82 million tonnes in 2013 and 83 million tonnes in 2014. (Reporting by Raushan Nurshayeva; Writing by Robin Paxton)

IATA Calls On Central Asia To Use Air Transport As Catalyst For Economic Growth

The International Air Transport Association (IATA) called on the governments of Kazakhstan, Central Asia and the Caucasus to utilize air transport as a catalyst for economic growth and development.

“Kazakhstan sits at the crossroads of East and West. And with double-digit growth in air traffic demand across the whole of Central Asia and the Caucasus it is an emerging success story—a Silk Road in the Sky” said Tony Tyler, IATA’s Director General and CEO.

“But turning the long-term potential of the region into reality requires urgent attention to safety and the provision of cost-efficient airport infrastructure.”

Tyler made his remarks in a keynote address to the Central Asia and Caucasus Aviation Day being held in Astana, Kazakhstan.
Continue reading

Silk Road’s Railroad

 

 

 

 

 

 

 

 

Calls for stronger ties with ECO countries lead to the expansion of the region’s railroad. The Islamic republic of Pakistan, Islamic republic of Iran and Republic of Turkey aim to upgrade their railways in an effort to increase trade efficiency encouraging the use of more trains to take cargo to the countries.

Project ambitions are to cut travel time between Islamabad, Tehran and Istanbul from the current 11 days to 4 days.
In a meeting in Ankara, managing directors of the railroad agreed on expanding the railway network and promote private sector investment by reducing custom tariffs.
Analysts expect the 6,566 kilometres rail road connecting West Asia to South East Asia to open a new market of goods strengthening regional economic ties with the potential to enhance cultural relations between the three nations. Plans for the creation of a regional railroad were proposed in Islamabad at the 18th Regional Planning Council of ECO on March 2008. Islamabad is also looking to start a passenger service operation which is also in development for use on the route.
A railway network linking Pakistan, Iran and Turkey will establish greater unity within the region. The ability of a fast flowing trade system will open up new economic possibilities since the demise of the Silk Road. Following the 2007 global financial crisis with the decline of global superpowers, ECO countries have managed to develop their markets, determined to be consumers of more products. Higher demands of trade will enhance communication between nations developing relations that can excel and form greater common interests.
The major trading route can prove to be a challenge to construct in the mountain and desert terrains of the region. Engineers advise that conditions of the existing railway tracks must be improved; also pointing out the requirement for frequent maintenance for the tracks regular use.
Ahmad Sadeqi, managing director of Construction & Development of Transportation Infrastructure said experts from Ukrainian companies are expected to visit the projects and hold meetings with the ministry’s officials. Sadeqi also stated that an agreement was signed with Ukrainian companies to develop transportation infrastructures of the railway.
Completion of tracks will not transpire soon but whenever the railroad takes shape, economic and geopolitical transitions will bring ECO member states closer together. Economists highlight the importance of free trade integrating ECO countries and transforming the socio-economic landscapes of the region.
On another joint venture rail routes will also be connected to Central Asian countries from Tehran. An ECO passenger train already runs between Istanbul and Tehran which aims to link Ashgabat to the track. Iran is in the process of constructing its railroad to Turkmenistan which will run through to Kazakhstan. The newly constructed route will be complete by the end of 2012.
By Amir Tahouri

Kazakh President, UK Defence Secretary debated coop issues

ASTANA. February 27. KAZINFORM Today Head of State Nursultan Nazarbayev has received visiting UK Defence Secretary Philip Hammond, the President’s press service informs.In a meeting the parties discussed issues on the development of bilateral cooperation between Kazakhstan and Great Britain.

“Our countries enjoy close political and economic ties. We marked the 20th anniversary of diplomatic relations between Kazakhstan and Great Britain. The forthcoming visit of UK Prime Minister David Cameron to Kazakhstan is of great significance for us. We develop our defence relations,” President Nursultan Nazarbayev said.

“Mr. President, let me convey to you the best wishes from Mr. Cameron. I am glad to have an opportunity today to discuss issues of strengthening and further advance of military cooperation between Kazakhstan and Great Britain and maintenance of regional security,” Mr. Hammond said.

Boxing qualifying

boxingManila, Philippines – Five Filipino boxers will compete in the Asian Men Boxing Championships slated April 1-8 in Astana, Kazakhstan.

Crack boxers from more than 40 countries are seeing action in the tournament, a qualifying event for the 2012 London Olympics.

“We will send a maximum of five boxers to have a good chance getting an Olympics slots,” ABAP executive director Ed Picson told TEMPO.

Carrying the Continue reading

Kazakhstan’s Scat Air Starts Chartered Flights To Langkawi

langkawi-mapScat Air of Kazakhstan is making two chartered flights to Langkawi to bring tourists to the tax free island resort.

The first arrived Wednesday while the other is scheduled for Jan 14.

A traditional welcome complete with ‘kompang’ (small hand-held drum) beating greeted the 200 passengers when the plane landed at the Langkawi International Airport at about 10am this morning.

The Langkawi Continue reading

Etihad to boosts services to Almaty in Kazakhstan

etihadEtihad Crystal Cargo – the cargo division of award-winning Etihad Airways – is preparing to launch a second weekly dedicated freighter operation between Abu Dhabi and Almaty in Kazakhstan.

The additional freighter service will commence January 8th 2012, using an Airbus A330-200F freighter with a payload of 59 metric tonnes.

“The success of our initial freighter service to Almaty which we launched back on July 28th has exceeded our expectations,” said David Kerr, vice president of Etihad Crystal Cargo.

“Our twice weekly freighter Continue reading