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Central Asia
Chinggis Square to become Sukhbaatar Square in Mongolia
Ulaanbaatar’s central square, currently known as Chinggis Square, is returning to its original name, Sukhbaatar Square, following the final ruling of the Administrative Cases Court of Mongolia, The UB Post reports. The square was originally named in honor of the Mongolian revolutionary hero D.Sukhbaatar shortly after his death in 1923.…
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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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East Asia
North Korea’s foreign trade
Recent economic sanctions created serious problems with exports of minerals from North Korea. Technically UN member countries are banned from importing North Korea minerals even though in practice it remains to be seen to what extent this ban will be observed by China. Nonetheless, there is no doubt that the…
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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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