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Kuwait Could Become a Regional Hub for the Supply of Kazakh Agricultural Products 24.05.2026
Al-Kuwait, May 24, 2026 – the Ambassador of the Republic of Kazakhstan to the State of Kuwait Yerzhan Yelekeyev held a meeting with the Director General of the Kuwait Direct Investment Promotion Authority (KDIPA), Sheikh Mishaal Jaber Al-Ahmad Al-Sabah.During the meeting, the parties discussed in detail the prospects for further strengthening investment cooperation between Kazakhstan and Kuwait, with particular emphasis on food security and the development of cooperation in the agro-industrial sector.The Ambassador of Kazakhstan informed the Kuwaiti side about Kazakhstan’s potential as one of the region’s largest agricultural producers, as well as opportunities for implementing joint investment projects in the field of agricultural production.In this context, the Kuwaiti side expressed interest in exploring opportunities for Kuwaiti businesses to participate in the acquisition and development of production facilities in Kazakhstan, followed by the supply of products and their further processing in Kuwait. The parties also noted the potential for Kuwait to serve as a regional hub for the further distribution of products to the markets of the Gulf and broader Middle East region.In addition, the parties discussed prospects for establishing cooperation between KDIPA and relevant investment institutions of Kazakhstan aimed at exchanging expertise, promoting joint initiatives, and facilitating the development of bilateral investment projects.During the meeting, the Ambassador of Kazakhstan also presented opportunities for Kuwaiti investors to participate in major infrastructure projects, particularly highlighting the launch of the new “Alatau City” project, which is already attracting significant interest from international investors and is regarded as one of the most promising investment and technological projects in Central Asia.For his part, Sheikh Mishaal Jaber Al-Ahmad Al-Sabah confirmed the Kuwaiti side’s interest in further expanding investment and business cooperation with Kazakhstan.The Kuwait Direct Investment Promotion Authority (KDIPA) is a specialized governmental body established in 2013 to attract and facilitate foreign direct investment, promote Kuwait’s investment opportunities, and support the development of a favorable business environment.Source : https://www.gov.kz/memleket/entities/mfa-kuveyt/press/news/details/1227135?lang=ru
Accrued investment income for Kazakhstanis exceeded 307 billion tenge for the first three months of 2026. 24.05.2026
 Accrued investment income for Kazakhstanisexceeded 307 billion tenge for the first three months of 2026.Investment income for Kazakhstanis is generated through both pension asset management by the National Bank of Kazakhstan (NBRK) and private investment portfolio managers (IPMs).As a result of the NBRK's investment activities in managing pension assets through mandatory pension contributions (MPCs), mandatory professional pension contributions (MPPCs), and voluntary pension contributions (VPCs), accrued investment income for the first three months of 2026 amounted to 271.4 billion tenge, while 34.1 billion tenge came from mandatory employer pension contributions (MPCs).In turn, based on the results of the UIP's investment activities, the accrued investment income for 2026 as of April 1, 2026, amounted to 1.56 billion tenge.As a reminder, the trustees implement a balanced investment policy, investing in various types of financial instruments across currencies, countries, sectors, and issuers. Investment income is generated from various sources: interest income on securities (deposits and other transactions), market and currency revaluation of financial instruments, assets under external management, etc. Thus, the amount of investment income depends on a number of factors: the dynamics of the market value of the instruments in the portfolio, exchange rate fluctuations, inflation, dividend payments, and other conditions. Returns can both increase and decrease over different periods, which affects the total amount of contributors' pension savings. The main reason for the decline in investment income since the beginning of this year on pension assets managed by the NBRK is the negative exchange rate revaluation of foreign currency assets due to the strengthening of the tenge against the US dollar – from 505.53 to 478.77 tenge per US dollar.Despite financial market volatility, positive investment income and a real return on pension savings are being ensured in the medium and long term. The accumulated investment return since the inception of the funded pension system in 1998 as of April 1, 2026, was 1,184.74%, with inflation for the entire period at 970.03%.As of April 1, 2026, the net investment income earned by the NBRK, accumulated since April 1, 2014 (after the consolidation of pension assets into the ENPF), amounted to 10.54 trillion tenge. Taking into account payments made, its share of the total pension savings of contributors (recipients) amounts to 40.7%, demonstrating the significant role of investment activity in the structure of citizens' savings.It is important to note that the return on pension assets over individual short periods is not an indicator of their management effectiveness, as income from financial instruments and other transactions accrued over a short period does not always cover fluctuations in the value of securities and exchange rates during that period. Therefore, it is advisable to conduct an objective analysis of investment income over a longer period.As a reminder, contributors have the right to transfer a portion of their pension assets (up to 50% of pension savings from mandatory pension contributions and up to 100% of pension savings from voluntary pension contributions) to a private investment portfolio manager (PIM) that meets regulatory requirements.Compared to the more conservative management of the National Bank of the Republic of Kazakhstan, which is aimed at preserving pension assets and ensuring their positive long-term returns, the investment declarations of the ENPF and the regulator's requirements provide for broader investment opportunities for the ENPF to increase the return on pension assets (however, the risks in the ENPF are also higher).The entire investment management and accounting system for pension assets is transparent: each investor can view their investment income in their personal account on the enpf.kz website or in the mobile app.Information on the investment management of ENPF pension assets and the financial instruments in which ENPF pension assets are invested is published on the official ENPF website (www.enpf.kz) in the "Statistics and Analytics/Investment Management of Pension Assets" section, as well as on the invest.enpf.kz portal.Source : https://www.gov.kz/memleket/entities/social-abay/press/news/details/1227129?lang=ru
Issues Related to the Organization of Hajj for Citizens of Kazakhstan were Discussed in Mecca 24.05.2026
Mecca, May 23, 2026 – Ambassador of the Republic of Kazakhstan to the Kingdom of Saudi Arabia, Permanent Representative of the Republic of Kazakhstan to the Organization of Islamic Cooperation Madiyar Menilbekov took part in a meeting with the heads of tour operators accompanying Kazakh pilgrims during the Hajj season.The meeting was attended by representatives of the Kazakh Hajj mission headed by Deputy Mufti Kenzhetai Baykemeluly, representatives of the Ministry of Hajj and Umrah of the Kingdom, as well as heads of 14 Kazakh travel companies.In his remarks, Ambassador noted that approximately 4,000 citizens of Kazakhstan have arrived in Saudi Arabia this year to perform Hajj, and that all organizational arrangements are being carried out at a high level and in a calm environment. He also drew attention to the fact that the current Hajj season is taking place amid a complex and unstable situation in the Middle East, making issues of security, coordination, and mutual support particularly important. Despite existing challenges, the joint efforts of all stakeholders have created the necessary conditions for the safe and full performance of the pilgrimage.In turn, the head of the Hajj mission, Kenzhetai Baykemeluly, expressed gratitude to the Embassy of the Republic of Kazakhstan in Saudi Arabia and the Consulate General of the Republic of Kazakhstan in Jeddah for their assistance in organizing the Hajj and their comprehensive support for Kazakh pilgrims.During the meeting, detailed discussions were held on the preparation of Kazakh pilgrims for the Hajj, the improvement of service quality provided by tour operators, as well as other relevant aspects related to the organization and accompaniment of the pilgrimage.Particular attention was paid to ensuring the safety of pilgrims, coordinating the activities of all involved parties, and improving organizational mechanisms. Participants of the meeting emphasized the importance of coordinated and responsible cooperation, and exchanged views and proposals aimed at further enhancing the efficiency of work during the Hajj season.Source : https://www.gov.kz/memleket/entities/mfa-riyadh/press/news/details/1227130?lang=ru
The Army's Cultural Code: How the Armed Forces of Kazakhstan Preserve Traditions and Foster Patriotism 24.05.2026
 Source : https://www.gov.kz/memleket/entities/mod/press/news/details/1227121?lang=ru
More than four thousand members of the Armed Forces took the Military Oath 24.05.2026
Source : https://www.gov.kz/memleket/entities/mod/press/news/details/1227118?lang=ru
Society More
Kuwait Could Become a Regional Hub for the Supply of Kazakh Agricultural Products 24.05.2026
Al-Kuwait, May 24, 2026 – the Ambassador of the Republic of Kazakhstan to the State of Kuwait Yerzhan Yelekeyev held a meeting with the Director General of the Kuwait Direct Investment Promotion Authority (KDIPA), Sheikh Mishaal Jaber Al-Ahmad Al-Sabah.During the meeting, the parties discussed in detail the prospects for further strengthening investment cooperation between Kazakhstan and Kuwait, with particular emphasis on food security and the development of cooperation in the agro-industrial sector.The Ambassador of Kazakhstan informed the Kuwaiti side about Kazakhstan’s potential as one of the region’s largest agricultural producers, as well as opportunities for implementing joint investment projects in the field of agricultural production.In this context, the Kuwaiti side expressed interest in exploring opportunities for Kuwaiti businesses to participate in the acquisition and development of production facilities in Kazakhstan, followed by the supply of products and their further processing in Kuwait. The parties also noted the potential for Kuwait to serve as a regional hub for the further distribution of products to the markets of the Gulf and broader Middle East region.In addition, the parties discussed prospects for establishing cooperation between KDIPA and relevant investment institutions of Kazakhstan aimed at exchanging expertise, promoting joint initiatives, and facilitating the development of bilateral investment projects.During the meeting, the Ambassador of Kazakhstan also presented opportunities for Kuwaiti investors to participate in major infrastructure projects, particularly highlighting the launch of the new “Alatau City” project, which is already attracting significant interest from international investors and is regarded as one of the most promising investment and technological projects in Central Asia.For his part, Sheikh Mishaal Jaber Al-Ahmad Al-Sabah confirmed the Kuwaiti side’s interest in further expanding investment and business cooperation with Kazakhstan.The Kuwait Direct Investment Promotion Authority (KDIPA) is a specialized governmental body established in 2013 to attract and facilitate foreign direct investment, promote Kuwait’s investment opportunities, and support the development of a favorable business environment.Source : https://www.gov.kz/memleket/entities/mfa-kuveyt/press/news/details/1227135?lang=ru
Accrued investment income for Kazakhstanis exceeded 307 billion tenge for the first three months of 2026. 24.05.2026
 Accrued investment income for Kazakhstanisexceeded 307 billion tenge for the first three months of 2026.Investment income for Kazakhstanis is generated through both pension asset management by the National Bank of Kazakhstan (NBRK) and private investment portfolio managers (IPMs).As a result of the NBRK's investment activities in managing pension assets through mandatory pension contributions (MPCs), mandatory professional pension contributions (MPPCs), and voluntary pension contributions (VPCs), accrued investment income for the first three months of 2026 amounted to 271.4 billion tenge, while 34.1 billion tenge came from mandatory employer pension contributions (MPCs).In turn, based on the results of the UIP's investment activities, the accrued investment income for 2026 as of April 1, 2026, amounted to 1.56 billion tenge.As a reminder, the trustees implement a balanced investment policy, investing in various types of financial instruments across currencies, countries, sectors, and issuers. Investment income is generated from various sources: interest income on securities (deposits and other transactions), market and currency revaluation of financial instruments, assets under external management, etc. Thus, the amount of investment income depends on a number of factors: the dynamics of the market value of the instruments in the portfolio, exchange rate fluctuations, inflation, dividend payments, and other conditions. Returns can both increase and decrease over different periods, which affects the total amount of contributors' pension savings. The main reason for the decline in investment income since the beginning of this year on pension assets managed by the NBRK is the negative exchange rate revaluation of foreign currency assets due to the strengthening of the tenge against the US dollar – from 505.53 to 478.77 tenge per US dollar.Despite financial market volatility, positive investment income and a real return on pension savings are being ensured in the medium and long term. The accumulated investment return since the inception of the funded pension system in 1998 as of April 1, 2026, was 1,184.74%, with inflation for the entire period at 970.03%.As of April 1, 2026, the net investment income earned by the NBRK, accumulated since April 1, 2014 (after the consolidation of pension assets into the ENPF), amounted to 10.54 trillion tenge. Taking into account payments made, its share of the total pension savings of contributors (recipients) amounts to 40.7%, demonstrating the significant role of investment activity in the structure of citizens' savings.It is important to note that the return on pension assets over individual short periods is not an indicator of their management effectiveness, as income from financial instruments and other transactions accrued over a short period does not always cover fluctuations in the value of securities and exchange rates during that period. Therefore, it is advisable to conduct an objective analysis of investment income over a longer period.As a reminder, contributors have the right to transfer a portion of their pension assets (up to 50% of pension savings from mandatory pension contributions and up to 100% of pension savings from voluntary pension contributions) to a private investment portfolio manager (PIM) that meets regulatory requirements.Compared to the more conservative management of the National Bank of the Republic of Kazakhstan, which is aimed at preserving pension assets and ensuring their positive long-term returns, the investment declarations of the ENPF and the regulator's requirements provide for broader investment opportunities for the ENPF to increase the return on pension assets (however, the risks in the ENPF are also higher).The entire investment management and accounting system for pension assets is transparent: each investor can view their investment income in their personal account on the enpf.kz website or in the mobile app.Information on the investment management of ENPF pension assets and the financial instruments in which ENPF pension assets are invested is published on the official ENPF website (www.enpf.kz) in the "Statistics and Analytics/Investment Management of Pension Assets" section, as well as on the invest.enpf.kz portal.Source : https://www.gov.kz/memleket/entities/social-abay/press/news/details/1227129?lang=ru
Issues Related to the Organization of Hajj for Citizens of Kazakhstan were Discussed in Mecca 24.05.2026
Mecca, May 23, 2026 – Ambassador of the Republic of Kazakhstan to the Kingdom of Saudi Arabia, Permanent Representative of the Republic of Kazakhstan to the Organization of Islamic Cooperation Madiyar Menilbekov took part in a meeting with the heads of tour operators accompanying Kazakh pilgrims during the Hajj season.The meeting was attended by representatives of the Kazakh Hajj mission headed by Deputy Mufti Kenzhetai Baykemeluly, representatives of the Ministry of Hajj and Umrah of the Kingdom, as well as heads of 14 Kazakh travel companies.In his remarks, Ambassador noted that approximately 4,000 citizens of Kazakhstan have arrived in Saudi Arabia this year to perform Hajj, and that all organizational arrangements are being carried out at a high level and in a calm environment. He also drew attention to the fact that the current Hajj season is taking place amid a complex and unstable situation in the Middle East, making issues of security, coordination, and mutual support particularly important. Despite existing challenges, the joint efforts of all stakeholders have created the necessary conditions for the safe and full performance of the pilgrimage.In turn, the head of the Hajj mission, Kenzhetai Baykemeluly, expressed gratitude to the Embassy of the Republic of Kazakhstan in Saudi Arabia and the Consulate General of the Republic of Kazakhstan in Jeddah for their assistance in organizing the Hajj and their comprehensive support for Kazakh pilgrims.During the meeting, detailed discussions were held on the preparation of Kazakh pilgrims for the Hajj, the improvement of service quality provided by tour operators, as well as other relevant aspects related to the organization and accompaniment of the pilgrimage.Particular attention was paid to ensuring the safety of pilgrims, coordinating the activities of all involved parties, and improving organizational mechanisms. Participants of the meeting emphasized the importance of coordinated and responsible cooperation, and exchanged views and proposals aimed at further enhancing the efficiency of work during the Hajj season.Source : https://www.gov.kz/memleket/entities/mfa-riyadh/press/news/details/1227130?lang=ru
The Army's Cultural Code: How the Armed Forces of Kazakhstan Preserve Traditions and Foster Patriotism 24.05.2026
 Source : https://www.gov.kz/memleket/entities/mod/press/news/details/1227121?lang=ru
More than four thousand members of the Armed Forces took the Military Oath 24.05.2026
Source : https://www.gov.kz/memleket/entities/mod/press/news/details/1227118?lang=ru