Kazakhstan's export-import logistics sector is booming, with freight traffic rising 16% and Kazakh carriers capturing a record 54% market share.
Notably, Kazakh carriers now hold a record 54% share of the market, up from 31% three years ago, according to the Ministry of Transport of Kazakhstan. This growth is partly attributed to the introduction of a new mechanism for distributing foreign permit blanks (FPBs) and the digitization of blank exchanges with China and Uzbekistan.
The Committee of Motor Transport and Transport Control has streamlined the FPB issuance process, reducing document processing time from two working days to just 40 minutes and issuance time from seven days to one. The new system allows travel under a specific permit within 30 days, instead of the previous 100-day limit. Importantly, the new rules remove restrictions based on prior transportation history or vehicle use, allowing any eligible carrier to obtain permits, fostering competition and reducing human bias in permit allocation.
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Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
Saudi Arabia’s outbound travel market could surge from around $35 billion to more than $60 billion by 2030-2034, driven by a young generation of high-spending travellers and intensifying competition among global destinations.
Uzbekistan’s first permanent contemporary art institution has opened in a historic 1912 building in Tashkent, transforming a former tram depot and diesel power station into a new cultural hub for the region.
Uzbekistan plans to introduce a new Heritage Impact Assessment system to shield historic cities and cultural heritage sites from the potential impact of construction and infrastructure development. Digital tools will also be used to manage tourist numbers and limit visitors where necessary.
Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to deepening its partnership with the Gates Foundation, with talks spanning polio eradication, health, financial inclusion and digital development.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
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