Economic Archives - Page 79 of 95 - News.MN

What To Expect From Mongolian Airlines’ First Boeing 787

MIAT Mongolian Airlines is set to receive its first Boeing 787-9 aircraft. It will enable the Ulaanbaatar-based airline to fly to European and North American cities, opening up a whole raft of new possibilities for intrepid travellers. The aircraft will

Mongolia imposes 12-month ban on the issuing mining licenses

The Mongolian government on Wednesday imposed a 12-month ban on the issuing of licenses for mineral exploration. ‘The ban is part of the government’s efforts to create responsible mining, explained officials. Currently, there are 2,889 active mining licenses.

During the term,

Mongolia’s encouraging crude oil production stats!

Mineral-rich Mongolia’s first oil refinery is under construction in the southeastern province of Dornogovi, with an expected date of commissioning in late 2022.

As of 15 December, Mongolia has extracted a total of 6.39 million barrels, or 867,100 tons, of crude

One Mongolian company still attracting 80 percent of FDI!

Mongolia received a total of USD 1.56 billion in foreign direct investment (FDI) in the first 10 months of this year. The figure was down 6 percent compared with the same period last year, said B.Batmunkh, director general at the

Mongolia’s coking coal exports to continue rising

‘The steady increase of Mongolia’s coking coal output will keep supporting the country’s coal exports, but the transportation bottleneck will likely remain over the near term,’ said Xiao Jiahua, Deputy General Manager of the Energy Sources Business Centre at the

Getting Mongolia off the grey-list

Mr Marshall Billingslea, Assistant Secretary for Anti-Terrorism Financing at the U.S. Treasury Department visited Ulaanbaatar last week. This comes after Mongolia was added to the grey list of the anti-money-laundering organization FATF, in October. The inclusion, doubtless, raised many eyebrows

Mongolian -Turkish trade reaches USD 300 million

Historical and cultural ties between Mongolia and Turkey date back thousands of years, Mongolia’s ambassador in Ankara said.

At a reception in the capital Ankara marking Mongolia’s 95th anniversary and 50 years of diplomatic ties with Turkey, Ambassador R.Bold said that