Stubbornly low oil prices and delays on a mammoth offshore project have prompted Kazakhstan’s national wealth fund to sell a 10 percent stake in the state energy company to the National Bank, the country’s top fiscal institution.
A white sedan pulls up at a busy intersection in downtown Tashkent. The driver lowers the window, a man loitering nearby approaches, the driver hands over a fistful of $100 bills, the man hands over a black plastic bag and the car pulls away.
Armenia’s much-touted anti-corruption initiative has gotten off to a less-than-ideal start: leading government members of the body intended to root out graft are bogged down by questions about their own spending habits and sources of income.
The David and Goliath struggle between Almaty and Beijing to host the 2022 Winter Olympic Games comes to its conclusion on July 31 as the delegates of the International Olympic Committee (IOC) meet in Kuala Lumpur, Malaysia, to decide who will win the right to host the Games.
China, the world’s largest economy, has set its eyes on Georgia, a traditional gateway between Asia and Europe, and its investment power could transform the poverty-stricken South Caucasus country’s prospects, some observers believe.
When a special forces unit began storming alleged terrorists holed up in a dwelling near the center of the Kyrgyz capital Bishkek one recent afternoon, Ivan Zaryayev thought it was children setting off fireworks.