New Company in Financial Intermediary Market
LLC Khalg Capital has announced a transformation into an investment company and simultaneously changed the legal form into a closed joint stock company.
These changes have not passed the state registration yet. The company remains in the financial intermediary market, in which until now four companies have received licenses.
Since January 2016 brokerage services in the stock market can be provided only by investment companies.
Khalg Capital was founded by OJSC Khalg Bank in 2007 for professional services in the securities market. Its license used to be suspended sometimes.
Recently Khalg Capital doubled the share capital and brought it up to 420,000 manats. ---08B
Economics
-
Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
-
Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
-
Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
-
Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
Leave a review