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Articles by Tulegen Askarov
How Kazakhstan will benefit from establishment of UN Regional Center for Sustainable Development Goals
On March 4, 2025, the United Nations (UN) General Assembly adopted a resolution establishing the UN Regional Center for Sustainable Development Goals (SDGs) for Central Asia and Afghanistan in Almaty. President Kassym-Jomart Tokayev first proposed this idea in 2019 and the UN’s resolution marks an important milestone in its implementation, according to Kazakhstan’s Foreign Ministry.
Islamic finance: A different way to achieve the same result
Sharia-compliant investments differ from the regular ones in their approach, but not in their outcomes. How to choose assets that do not conflict with Islamic law? Islamic finance The concept of Sharia-compliant investing emerged in the 1960s. Islamic law prohibits investments in assets that generate fixed monetary income, bonds in particular.
Kazakhstan is at risk of becoming a hollow state
Kazakhstan is gradually sliding into a situation where it could become a hollow state, a state that technically preserves its functionality but loses its real power by transferring its key functions to private entities and intermediate agencies. Let’s examine what is happening in this sphere in Kazakhstan.
Why Russian economy still keeps ruble standing
Over the past decade, the Russian ruble (ruble) to Kazakhstani tenge (tenge) exchange rate has fluctuated between the minimum 2.62 tenge as of Feb. 3, 2015, and the maximum 8.98 tenge as of July 1, 2022. Initially, factors such as fluctuations in global oil prices and the COVID-19 pandemic were the main influences. Later, these were compounded by Western sanctions imposed on Russia following the annexation of Crimea and later the full-scale invasion of Ukraine.
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