Seventy-eight nations have issued a joint statement reaffirming their support for the International Criminal Court (ICC) after the Trump administration imposed sanctions against the court and its officials.
The US government imposed the sanctions (...)
The Bank of Mongolia stated on Tuesday that it decided to maintain its benchmark interest rate at 10 per cent.
The Mongolian central bank said the decision was made after assessing the economy, financial markets, and external risks to stabilise (...)
Mongolia's economy expanded 5.0 per cent year-on-year during the first three quarters of 2024, reaching over $15.4 billion, the National Statistics Office (NSO) reported on Monday.
The mining and quarrying sector, along with the service sector, were (...)
The European Bank for Reconstruction and Development (EBRD) has invested US$12.5 million (€11.5 million) in a green bond issuance by Khan Bank in Mongolia, part of a larger US$30 million offering.
This marks EBRD's first investment in a green bond (...)
The European Bank for Reconstruction and Development (EBRD) is financing the refurbishment of the headquarters of Shunkhlai Holding in Ulaanbaatar, a move aimed to help decarbonise Mongolia's construction sector.
Under the EBRD loan of up to MNT 90 (...)
Bank of Mongolia, Mongolbank, acquired 2,023.6 kilograms of precious metals in September 2024, increasing its holdings by 12.3 tons since the beginning of the year, according to its latest report.
However, the total purchases for the first nine (...)
The World Bank launched a $2.5 billion programme to support renewable energy adoption in East Asia and the Pacific, as part of its global climate change and sustainable development efforts.
The Accelerating Sustainable Energy Transition Programme is (...)
Mongolia announced plans to construct a total of 2,100 kilometres of new roads in 2025, as reported by local media citing the country's Ministry of Finance.
The Ministry's Department of Development Financing and Investment outlined the road (...)
Mongolia's coal exports surged 31.3 per cent year-on-year, reaching 53.7 million tons in the first eight months of 2024, according to recent data released by the National Statistics Office.
Coal remains a cornerstone of Mongolia's export sector, (...)
Mongolia's foreign trade has experienced a significant boost, with turnover increasing by 13.6 per cent year-on-year to reach $18.1 billion in the first eight months of 2024.
The National Statistics Office (NSO) released the data on Monday, (...)
The European Bank for Reconstruction and Development (EBRD) has provided its first sustainability-linked loan in Mongolia, amounting to up to $51.7 million (€47.7 million), to MCS Coca-Cola.
This loan aims to address industrial and environmental (...)
The Bank of Mongolia announced on Thursday that it purchased a total of 10.3 tons of gold from legal entities and individuals during the first eight months of 2024. This represents a slight decrease of 1.6 per cent compared to the same period in (...)
كشفت منغوليا أن رفضها لاعتقال فلاديمير الرئيس الروسي فلاديمير بوتين بناء على مذكرة من المحكمة الجنائية الدولية، جاء بتأثير من الصين.
وقال مسؤول حكومي منغولي لصحيفة بوليتيكو إن البلاد تعتمد على الطاقة، مما يجعل من المستحيل اعتقال الرئيس فلاديمير بوتن (...)
Russia may reinstate a gasoline export ban from August if domestic supply shortages arise, Deputy Prime Minister Alexander Novak stated on Monday. While the fuel market is currently stable, issues with the popular Ai-95 gasoline grade are being (...)
China's largest natural uranium production project commenced construction on Friday in Ordos, Inner Mongolia Autonomous Region, according to the China Atomic Energy Authority (CAEA).
Xinhua News Agency reported that the project, developed by China (...)
The Russian government has reached a final decision to revoke the temporary ban on gasoline exports, Reuters reported on Monday citing RBC's daily report. The Russian Energy Ministry has also confirmed the news.
Initially imposed for six months (...)
China's central bank (PBOC) fined seven businesses, including a KFC franchise, for refusing cash payments, with penalties ranging from 3,000 yuan to 55,000 yuan, the highest targeting a real estate developer in Inner Mongolia, the NIKKEI Asia (...)
Central Asian economies are projected to slow down at 5.4 per cent in 2024, followed by a rebound to 5.9 per cent growth in 2025, a latest report by the European Bank for Reconstruction and Development (EBRD) showed on Wednesday.
The report (...)
The Mongolian government announced on Wednesday a significant reduction to slash import duties on wheat flour to zero from 15 per cent, in a move aimed to combat rising inflation, Xinhua reported.
The government seeks to increase the availability of (...)
Russia's railway gasoline exports drastically fell in March due to a fuel embargo, tightening the domestic market amid rising demand and refinery outages, data from market sources and Reuters calculations revealed on Thursday.
At the end of (...)
Inner Mongolia, an autonomous region in North China, set a record by becoming the first provincial-level region in the country to achieve a total installed capacity of over 100 million kilowatts of new energy, according to the regional energy bureau (...)
China's coal is slowing with top mining regions limiting growth and directing investment towards clean energy to replace the dirtiest fossil fuel, Bloomberg reported on Wednesday.
China has excess coal due to seven years of continuous production (...)
Russia's planned new Power of Siberia-2 gas pipeline to China which was anticipated to begin this year may be delayed, according to Reuters citing the Financial Times report on Sunday.
Russia has been in talks to construct a new pipeline that would (...)
وصل الرئيس الفرنسي إيمانويل ماكرون إلى منغوليا اليوم الأحد في زيارة قصيرة لكنها رمزية هي الأولى لرئيس فرنسي إلى هذا البلد الواقع بين الصين وروسيا ويثير اهتماما متزايدا لدى الغربيين.
ووصل ماكرون إلى منغوليا بعدما شارك في قمة مجموعة السبع في (...)
Russian Gazprom company's chairman, Viktor Zubkov said on Wednesday his firm expects to reach the maximum planned level of gas supplies to China.
"The gas supply through the Power of Siberia pipeline will soon reach the contracted annual volume of (...)
