FETÖ terrorist organization has a large presence in
Mongolia, posing a danger to the Mongolian national security, as well.
We have conveyed our serious concerns and expectations to the Mongolian
authorities concerning this issue, time and again.
We rightfully expect that FETÖ members be brought to
justice. Yet, it is up to the Mongolian government...
Mongolia grounds Turkish plane after suspected kidnap attempt
Mongolian authorities grounded a suspected Turkish air force jet Friday after witnesses said assailants snatched a Turkish man associated with a religious group Ankara has branded as terrorists.
In recent weeks, Turkey’s intelligence agency has conducted operations abroad against associates of US-based preacher Fethullah Gulen — who Ankara says was...
Turkish teacher kidnapped in Mongolia freed after authorities ground flight
BEIJING (Reuters) - A Turkish teacher, who was allegedly kidnapped in the Mongolian capital of Ulaanbaatar and taken to the city’s airport, has been released after authorities temporarily grounded an airplane, according to local media and a social media posting by the man.
Veysel Akcay, who thanked Mongolians for their support on Saturday, was abducted...
Turkey’s MİT abducts Veysel Akçay, general director of schools affiliated with Gülen movement, in Mongolia
Veysel Akçay, the general director of schools affiliated with the Gülen movement in Mongolia, was abducted by agents of Turkey’s notorious National Intelligence Organisation (MİT) Friday morning in front of his house in Ulan Bator, according to a report by online...
Mongolia's industrial output rises by 24.6 pct in H1 2018
ULAN BATOR, July 19 (Xinhua) -- Mongolia's industrial output in the first half of 2018 increased by 24.6 percent year on year, amounting to 7.4 trillion Mongolian Tugriks (some 3 billion U.S. dollars), official data showed Wednesday.
Output of the main products of mining and extractive industries was up by 24.2 percent, making it the biggest contributor...
Kuwait Fund for Arab Economic Development signs remaining balance of over $3.5m loan deal with Mongolia
KUWAIT CITY, July 19: Kuwait Fund for Arab Economic Development (KFAED) has signed the remaining balance of $3,500,336.61 for Grant Agreement No. 31 with the government of Mongolia to assist in the financing the Undurkhaan Airport in Khentii Province in Mongolia.
The loan agreement was signed on behalf of the government of Mongolia by His Excellency...
Frontclear Facilitates a Landmark Transaction With State Bank Mongolia, EBRD and ING Bank
AMSTERDAM, July 19, 2018 /PRNewswire/ --
Frontclear arranged and structured a USD 30 million cross-border collateral swap with the European Bank for Reconstruction and Development (EBRD), enabling a further repo transaction between the Mongolian State Bank and ING Bank. It is the first time in Mongolia that...
The Naadam Festival: A feast for the grassland nomads
Raucous crowds, the sound of hooves clattering, emerald steppes dotted with yurts – for local residents in China's Inner Mongolia Autonomous Region, the Naadam Festival is, by all means, the most magnificent event of the year.
Ethnic Mongolians hold the five-day festival on the fourth day of the lunar month of June annually, paralleling the...
Fitch says Mongolian banks remain weak
Fitch Ratings has determined that Mongolia’s banking system remained weak with a high reported ratio of non-performing loans (NPLs) of 8.2% at end-May. The ratings agency thus moved on July 13 to list Mongolian banks among Asian lenders that are likely to see their growth constrained within the next two years.
Fitch maintains that the credibility...
Fitch Upgrades Mongolia to 'B'; Outlook Stable
Fitch Ratings-Hong Kong-09 July 2018: Fitch Ratings has upgraded Mongolia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B-'. The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary.KEY RATING DRIVERS The upgrade of Mongolia's IDR reflects ongoing improvements to fiscal and...
