AIFC Weekly Digest
Stay up to date with the latest news from around the Centre.
Welcome to the New AIFC Weekly News Digest
Dear Colleagues,
We have some exciting updates to share with you this week!
Last week marked a historic moment for Kazakhstan as it re-entered the U.S. dollar-denominated eurobond market for the first time since 2015, successfully issuing a $1.5 billion 10-year bond at a coupon rate of 4.714%. This significant achievement underscores Kazakhstan’s commitment to enhancing its global financial standing and attracting international investment.
In tandem with these developments, the Governor of the Astana International Financial Centre recently held productive meetings in Warsaw, strengthening ties between Kazakhstan and Poland. The discussions focused on the AIFC's progress in financial market development, reinforcing Kazakhstan’s evolving role in global finance.
As we delve into the latest trends, the Weekly Market Overview highlights last week’s volatility in the U.S. stock market, where the Dow Jones and S&P 500 experienced fluctuations, with Financials leading gains on Friday.
In other news, the Expat Centre has expanded its Loyalty Club program, offering enhanced benefits and exclusive discounts to all foreign professionals working in Kazakhstan. The AIFC Academy is also launching an initiative aimed at educating school children, inviting you to become a speaker and inspire the next generation.
We also featured an insightful interview with Mr. Anwar, Chairman of the Green Investment Principles, who discussed the challenges and opportunities in Central Asia, the role of sustainable finance in economic growth, and necessary policy frameworks.
Additionally, Mr. Thomas Krümmel, IAC Chairman, elaborated on the importance of arbitration in fostering investor trust and the IAC’s contributions to creating a stable legal environment in Kazakhstan.
Lastly, the Astana Financial Services Authority has enacted the AIFC Treasury framework, introducing regulations for Corporate Treasury Centres, allowing for the establishment of CTC Funds.
Be sure to tune in to the AIFC Talk on October 10, which will focus on Kazakhstan’s commercial real estate growth prospects and REIT opportunities.
Stay informed as we continue to track these pivotal developments shaping the financial landscape of Kazakhstan!
Let’s continue to make strides together!
Best regards,
The AIFC Corporate Communications Team
We have some exciting updates to share with you this week!
Last week marked a historic moment for Kazakhstan as it re-entered the U.S. dollar-denominated eurobond market for the first time since 2015, successfully issuing a $1.5 billion 10-year bond at a coupon rate of 4.714%. This significant achievement underscores Kazakhstan’s commitment to enhancing its global financial standing and attracting international investment.
In tandem with these developments, the Governor of the Astana International Financial Centre recently held productive meetings in Warsaw, strengthening ties between Kazakhstan and Poland. The discussions focused on the AIFC's progress in financial market development, reinforcing Kazakhstan’s evolving role in global finance.
As we delve into the latest trends, the Weekly Market Overview highlights last week’s volatility in the U.S. stock market, where the Dow Jones and S&P 500 experienced fluctuations, with Financials leading gains on Friday.
In other news, the Expat Centre has expanded its Loyalty Club program, offering enhanced benefits and exclusive discounts to all foreign professionals working in Kazakhstan. The AIFC Academy is also launching an initiative aimed at educating school children, inviting you to become a speaker and inspire the next generation.
We also featured an insightful interview with Mr. Anwar, Chairman of the Green Investment Principles, who discussed the challenges and opportunities in Central Asia, the role of sustainable finance in economic growth, and necessary policy frameworks.
Additionally, Mr. Thomas Krümmel, IAC Chairman, elaborated on the importance of arbitration in fostering investor trust and the IAC’s contributions to creating a stable legal environment in Kazakhstan.
Lastly, the Astana Financial Services Authority has enacted the AIFC Treasury framework, introducing regulations for Corporate Treasury Centres, allowing for the establishment of CTC Funds.
Be sure to tune in to the AIFC Talk on October 10, which will focus on Kazakhstan’s commercial real estate growth prospects and REIT opportunities.
Stay informed as we continue to track these pivotal developments shaping the financial landscape of Kazakhstan!
Let’s continue to make strides together!
Best regards,
The AIFC Corporate Communications Team
Kazakhstan Returns to Eurobond Market
For the first time since 2015, the Republic of Kazakhstan has successfully returned to the U.S. dollar-denominated eurobond market, issuing a USD 1.5 billion 10-year bond with a coupon rate of 4.714%.
The bonds will be dual-listed on the Astana International Exchange (AIX) and the London Stock Exchange (LSE).
The bonds will be dual-listed on the Astana International Exchange (AIX) and the London Stock Exchange (LSE).
AIFC Governor strengthens ties with Poland in productive Warsaw Meetings
The AIFC Governor held productive meetings in Warsaw, focused on strengthening ties and exploring new opportunities for collaboration. The Governor showcased the AIFC's progress in driving financial market development, reaffirming the Centre's commitment to building strong international partnerships, with Poland as a key example.
Weekly Market Overview for Last Week
Last week, the US stock market displayed volatility, with the Dow Jones and S&P 500 experiencing both gains and losses throughout the week. While the market closed higher on Monday and Friday, it faced declines on Tuesday, Wednesday, and Thursday, with Treasury yields fluctuating as well. The week ended with Financials leading the gains on Friday, despite Real Estate closing in the red.
Insights into Sustainable Financing with Yaseen Anwar
In this interview, Mr. Anwar, Chairman of the Green Investment Principles, shares his insights on the Central Asia's challenges and opportunities, how sustainable finance can support rapid economic growth, and the policies needed to promote these practices. He also highlights the role of the private sector and financial institutions driving sustainable finance and suggests key incentives to encourage participation.
AIFC Media Update
News Digest
Expat Centre Expands Offers for Loyalty Club
The Expat Centre has expanded its Loyalty Club program, offering enhanced benefits for foreign professionals working in Kazakhstan. The loyalty card, previously available to a limited audience, is now accessible to all expatriates employed in the country, providing them with a range of exclusive services and discounts.
We encourage you to share information about the Loyalty Club within your networks.
We encourage you to share information about the Loyalty Club within your networks.
AIFC Academy 2.0: Become a Speaker
The Academy is excited to launch an initiative aimed at educating school children, and we invite you to play a key role in this impactful project. By becoming a speaker, you have the chance to inspire and shape the next generation by sharing insights about your profession. It's a meaningful opportunity to contribute to their development and make a lasting difference. If you're interested in being part of this rewarding experience, please reach out to us at a.sakenov@aifc.kz.
Updates from AIFC Court and IAC
Check out the news from the fairest Court and Arbitration Centre!
AFSA News
News from the best regulator in the world
#AFD2024 Feedback
We’re delighted to share the feedback from Marco Dal Lago, Vice President for Global Expansion & Strategic Partnerships at Tether, on his experience at Astana Finance Days 2024.
HR Updates
This section is dedicated to providing updates on new vacancies, organisational changes and other key HR developments. Stay informed about the opportunities and initiatives that shape our workforce and foster a collaborative environment.
INSPIRATION CORNER
Understanding and Managing Burnout
Ainur Zhumatova
Director
Expat Centre
Director
Expat Centre
October 8
Temirlan Mukhanbetzhanov
Advisor
Management
Advisor
Management
October 9
Arnur Beisenbayev
Senior Associate
AFSA
Senior Associate
AFSA
October 10
Laura Nurgaliyeva
Registrar of Companies
AFSA
Registrar of Companies
AFSA
October 13
Aidana Abdildina
Supervisor
AFSA
Supervisor
AFSA
October 13
Renat Bekturov
Governor
AIFC
Governor
AIFC
October 13
Cyber Tumar: Promoting Safe Internet for Kids
Kazakhstan's children are accessing the Internet at younger ages, facing risks like cyberbullying, especially among girls. To help, UNICEF Kazakhstan and partners launched the Cyber Tumar campaign, offering tools for safe online navigation. The campaign aims to equip kids with skills to manage digital risks effectively.
