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West Asia
Two Azerbaijani banks declared bankrupt
Two Azerbaijani banks, the Caucasus Development Bank and AtraBank, licenses of which were revoked by the Central Bank of Azerbaijan (CBA) in January 2016, have been declared bankrupt, said Azerbaijan Deposit Insurance Fund (ADIF) in a message Aug. 17, Trend reports. The message said the decision on the banks’ bankruptcy…
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Central Asia
Kazakh president to visit Azerbaijan and Armenia
President of Kazakhstan Nursultan Nazarbayev will visit Azerbaijan, Serbia, Armenia and a number of other countries in 2016, Kazakh Foreign Minister Erlan Idrissov said at a briefing Aug. 17, Trend reports. In June, Idrissov said Nazarbayev will visit Japan, South Korea, Saudi Arabia and Jordan in 2016. The Kazakh president…
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Central Asia
Iran Ready for Oil Swap with Caspian Neighbors
An official with the Iranian Oil Terminals Company (IOTC) says Iran can swap up to 120,000 b/d of crude oil with its northern neighbors at North Oil Terminal, Shana reports. Hamid Reza Shadoust, a local IOTC official in the city of northern city of Neka, said on August 16 that…
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Central Asia
Premier confirms Mongolia’s willingness to expand cooperation with Turkey
Prime Minister J.Erdenenbat received Ambassador Extraordinary and Plenipotentiary from the Republic of Turkey to Mongolia Murat Karagoz on August 11, as part of a series of meetings with foreign ambassadors to Mongolia held after taking his office, The UB Post reports. Highlighting that the historic relationship between Mongolia and Turkey…
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East Asia
S. Korea’s agriculture ministry launches Chinese website
South Korea’s agriculture ministry said Wednesday it has launched its Chinese website (chinese.mafra.go.kr) in the latest move to provide better information on the country’s agricultural products. The Ministry of Agriculture, Food and Rural Affairs said it plans to boost exchanges and cooperation with China in the agricultural sector. The ministry…
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South Asia
Working together for peace and prosperity
Song Jong-hwan (Former Korean Ambassador to Pakistan from 2013-2016) The Korea Times I would like to congratulate Pakistan and Korea on the dual celebrations of their independence days on August 14 and 15 respectively. My sincere prayer is that both our countries may prosper in peace. From June 2013 till…
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South Asia
70th Celebration of Pakistan Independence Day
A fitting event to commemorate the 70th Independence Day of Pakistan was held at the COEX Auditorium on the evening of 14th August 2016. Dancing to the sound of Pakistani tracks being sung by Pakistani singer Sara Raza, the crowd of 1100, including high dignitaries of Korea, was swayed into…
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Central Asia
Russian naval strike force starts anti-terror drills in the Mediterranean
The Russian Black Sea Fleet’s advanced warships Serpukhov and Zelyony Dol armed with Kalibr cruise missiles have launched anti-terror drills in the east Mediterranean, TASS reports. “The drills will check the ability of the fleet’s forces to operate in the conditions of resolving crisis situations of terrorist nature. The naval…
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Central Asia
Mongolian tankers qualify for IAG semifinals
The Mongolian Ministry of Defense reports that the Mongolian team participating in the Tank Biathlon of the 2016 International Army Games qualified for the semifinals after the conclusion of the individual race on August 7, The UB Post reports. The Mongolian tank team finished the individual race with 29 minutes…
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South East Asia
Indonesian President Dismisses Energy Minister Over US Citizenship
Indonesian President Joko Widodo has relieved Energy and Mineral Resources Minister Archandra Tahar from his duties over reports that he had a dual Indonesian-US citizenship, State Secretariat Minister Pratikno said. Under Indonesian nationality law, Indonesians automatically lose their citizenship if they voluntarily accept foreign citizenship. “Responding to the public statement…
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