Mongolia and UAE established a diplomatic relations in 1996. In 2016, the Embassy of UAE bought 1449 square meters of apartment of "Jargalant" villa in the territory of Khan-Uul district, Ulaanbaatar to start its operation. The Embassy requested Ministry of Construction and Urban Development to officially take this land under the state special need and the resolution has been approved with the support of 68.2 percent of participating members.

During the meeting, MP J.Bat-Erdene presented a report of the working group responsible for preparing the draft resolution for the final consideration. “The first discussion of the draft resolution was held at the plenary meeting of the parliament on November 21. It was discussed as a final version at the meeting of Parliament’s Standing Committee on Economy on December 4. In doing so, proposals and suggestions raised during the first discussion were reflected in the final version,” said MP J.Bat-Erdene.

Regarding the resolution, MP B.Battumur said that the banking system has changed in recent two years, with 6-8 percent growth of economy and decrease in unemployment, and highlighted that the central bank’s deficit, which was previously amounted at MNT3 trillion, dropped to MNT1.5 trillion. Foreign exchange reserves have currently reached USD 4 billion, but it still requires to be increased by USD 1 billion according to the calculation of international methodology.

Mr.Battumur stressed that exchange rate of Mongolian Tugrug against US dollar is not stable due to recent grey-list matters. Thus, the money supply should be analyzed, he suggested. “Besides, attentions should be paid on external debt issue. The bad loan has currently reached MNT1.9 trillion, thus 2020 State Monetary Policy faces many challenges,“ he cautioned.

Citing that overdue loans cover 10 percent of the total loans, Mr. Battumur inquired from the working group what management is being applied to recover the loans.

The working group responded that the quantity of bad loans in total loans is reducing, making up 11 percent in 2018 while it was 15 percent in 2016. The reason for insufficient decrease of the bad loans connects with frequent occurrence of disputes on loan repayments at courts, taking long time associated with legal proceedings.

The content will be available to Alibaba’s “around 700 million consumers,” United said.

The sides are also planning to open a Manchester United flagship store on Alibaba’s business-to-consumer platform Tmall to sell merchandise to Chinese fans.

“We’re proud of our passionate and loyal following around the world and our Chinese fans are a huge part of that,” said Manchester United Group Managing Director Richard Arnold.

He added that the club is looking for new ways to engage with fans in China and is working with Alibaba “to further grow our fan base in China and building on other areas of the partnership in the near future.”

According to a survey conducted by the Sant-Maral Foundation in cooperation with the Asian Foundation, 93.6 percent of respondents consider corruption is very widespread in Mongolia. No less than 87 percent of respondents consider that the Mongolian Government is failing in fighting corruption; at the same time, the general public has great faith in the Independent Authority against Corruption.

Another question involves participation in corrupt activity: the number of people who admitted giving or accepting bribes has decreased to 3.3 percent. One can assume that this figure is not so accurate!

The 14th Survey on Perceptions and Knowledge of Corruption (SPEAK) has been conducted across the country in rural soums, provinces, and the capital city of Ulaanbaatar.

Statistical data indicates that much still needs to be done regarding women’s rights in the workplace. Society demands women work like just like men, ignoring the fact that they have to juggle this with family commitments. According to Mongolian employment reports for the third quarter of 2019, a total of 50.7 percent of workers in the science, technology and professional sectors are women, 52 percent in manufacturing industry, 58 percent in retail and wholesaling, 67 percent in service, 74 percent in finance, 77 percent in education as well as 85 percent in the health sector.

Currently, there are 2.259.000 people of working age in Mongolia; 47 percent of them are men and 53 percent are women. However, there are 100,000 women age between 20 and 35 unable to work because of the absence of childcare facilities, kindergartens and schools.

According to the 2018 statistics regarding monthly salaries, women get paid MNT 230.000 less than men. Young men, in particular earn 1.3 times more monthly salary than women.

The document provides for a joint assessment of the feasibility of a project on pipeline gas supplies from Russia to China through the territory of Mongolia," Gazprom said in a statement.

As the new regulation enters into force on January 1, 2020, owners of vehicles in Ulaanbaatar city are required to pay road tax from MNT 100 thousand to MNT 250 thousand depending on the type of vehicle each year, which approximately equals to MNT 8300 month.

The road tax payment collected a total of about MNT 11.4 billion in 2016, MNT 11 billion in 2017, MNT 12,5 billion in 2018 and MNT 12,7 billion in 2019 to the Ulaanbaatar city budget. According to the ulaanbaatar.mn, around 30-40 percent of the total budget of the capital city is spent on repairs and maintenance of auto roads. However, this is not sufficient to cover all the roads in Ulaanbaatar, with more than 500 thousand daily average vehicle flow.

In addition to the cost for road maintenance, the collected fees will be expended for other pressing transportation issues of Ulaanbaatar city, such as for increasing number of school buses, road widening and so on.

- Central Stadium’s 49 percent owned by Ulaanbaatar city with minimum assessed value of MNT 20 billion.

- A building of an extension of ‘50th store’ with minimum assessed value of MNT 1.4 billion.

- Two buildings of former household health centers in Bayangol District with minimum assessed value of MNT 100 million each.

- Two apartments, currently being rented by Mongol Post Company, with minimum assessed values of MNT 80 million and MNT 100 million respectively. The assessed values of the properties shall be examined by an independent organization through Ulaanbaatar city’s property privatization commission.

As claimed by Ulaanbaatar city officials, Central Stadium, 51 percent of which was privatized in 1993, has been posing a significant financial burden to the Ulaanbaatar city, yielding no profit to the state general and city budgets. Moreover, the officials see that the 15 thousand-capacity of the stadium is not enough during the annual nationwide Naadam Festival of Mongolia. Therefore, the government of Mongolia has settled to building a new 35-45 thousand-capacity stadium.

The agreement was signed on December 3, in the presence of Russian Prime Minister, Dmitry Medvedev, and the Prime Minister of Mongolia Ukhnagiyn Hurelsukha.

Under the agreement, RZD International, in partnership with one of the Russian design institutes, will provide technical consulting services for the 414 km line. In addition, the company will develop recommendations on the organisation of the construction work and train operation on the line.

The new railway line will be connected to the central line of UBZD, which will provide new opportunities for the transport of coking coal from Tavan Tolgoi, a large coal mine in southern Mongolia.

The term for the implementation of the service contract is 12 months.

“We consider this project as the beginning of long-term cooperation on the development of the railway infrastructure of Mongolia. RZD International is ready to offer Mongolian partners modern technologies for repair and construction of infrastructure facilities, which can improve the quality and efficiency of construction works, as well as increase the capacity of the line while ensuring the safety of railway traffic,” Sergey Stolyarov said.

The railway line is expected to have an annual capacity of 30 million tonnes.

Tavan Tolgoi is one of the largest undeveloped coal deposits in the world, with reserves being estimated at 7.4 billion tonnes of coking and thermal coal.