Those include the payment balance matched to the indicator of the same period of 2011 or with profit of USD201 million, foreign trade balance grew up by USD 767 million since October 2015, having profit of USD 1.452 million, official reserve of foreign currency (as of the first eight months) raised to USD 1.6 billion--up by 43.2 per cent or USD 482 million since the beginning of the year. Moreover, the budget deficit lowered to MNT 737 billion, declining by 64 per cent compared to the same period of last year, while the USD official exchange rate against Mongolian Tugrik (MNT) weakened by one per cent since the beginning of this year, proving stabilization of Mongolian economy.

In addition, the Development Bank of Mongolia (DBM) independently withdrew a source of USD96.6 million from foreign banks and financial organizations in the third quarter of 2017 within its basic activities. By this action the DBM has augmented foreign currency inflow, providing the currency for domestic need at proper level and has given support to stabilize currency fluctuation as well as it has raised international investors’ trust in Mongolian Government. The DBM also has been working to back stable economic growth with its activities including having made additional source that had not been reflected in the budget in compliance with the Law on Debt Management.

The DBM will strive to support a stable economic growth of the country further through constantly broadening cooperation with international bank and financial organizations.

On November 2, Minister of Foreign Affairs D.Tsogtbaatar and the EU Ambassador to Mongolia Hans Dietmar Schweisgut signed an Agreement on the Establishment and Privileges and Immunities of the Delegation of the European Union to Mongolia between the Government of Mongolia and the EU and the European Atomic Energy Community (EAEC) in the State House.

“The opening of the EU Delegation in Mongolia means that a new structure to ensure full implementation of the Framework Agreement has been created,” remarked Foreign Minister D.Tsogtbaatar, emphasizing the importance of the Delegation in further intensification of bilateral relations. “The opening of the EU Delegation is the outcome of diligent efforts of many diplomats from both sides,” he said.

The Minister of Foreign Affairs also expressed his appreciation towards the role and contribution of the EU and its member states in nurturing and sustaining democracy and human rights values in Mongolia. The Minister informed that he proposed to cooperate with the EU actively in promotion of SMEs during his meeting with the EU Ambassadors prior to the signing ceremony.

“For the EU, Mongolia is a like-minded partner, a country built on strong democratic potentials, sharing our values and protecting human rights,” remarked Ambassador Schweisgut following the ceremony. “Mongolia has also grown into a bright market economy, therefore we want to expand our relationship in all areas,” he added.

Ambassador Schweisgut stated that the EU looks forward, with the Delegation in Mongolia in cooperation with the Embassies of the EU Member States, to develop bilateral relationship further with focus on trade and investment areas. The Delegation will strengthen the EU's relationship with Mongolia, and is a sign of the EU's long-term commitment to the people of the country.

Ambassador Schweisgut is leading a group of more than 20 ambassadors and senior European diplomats from EU Member States to Mongolia on November 1-3 for their annual meeting with the Mongolian leadership as well as civil society representatives. The objective of these meetings is to take stock of relations between the EU and Mongolia, and to discuss how to strengthen, promote and extend the scope of cooperation between the parties.

“The nuclear industry is an important part of our cooperation,” said Novak at a meeting of the intergovernmental commission, adding “Rosatom could take part in the creation of a nuclear cluster in Saudi Arabia, including the construction of 16 modern nuclear reactors.”

Moscow and Riyadh have inked an agreement on energy and climate and a memorandum of understanding and cooperation in the energy sector.

The Russian Direct Investment Fund (RDIF) and Saudi Arabia’s Public Investment Fund (PIF) are considering investing in more than 20 projects worth over $10 billion, Novak said. As of now more than $1 billion has been spent on nine joint projects.

Russian Railways is negotiating the construction of two railroads in Saudi Arabia. The company is actively developing cooperation with Middle Eastern countries, having already agreed to electrify Iranian rail track.

The two countries are also discussing supplies of Russia’s Kamaz trucks as Riyadh has expressed an interest. Kamaz is Russia’s largest truck maker and plans to increase exports by almost five percent to 6,500 vehicles. The company ranks 16th among the world's top heavy truck manufacturers.

According to Khamenei, economic relations have vast room for improvement. "In the transportation sector, we can expand cooperation, using the main axis of Chabahar port to the port of Saint Petersburg, as well as in other economic areas,” he said.

During the meeting, which lasted about an hour and a quarter, Putin replied that Russia considers Iran “a strategic partner and a great neighbor, and we will take advantage of every opportunity to expand and consolidate relationships in all dimensions.”

The Russian president said the US wants to interfere in all matters of the world and the region and often ignores interests of its allies to do so.

However, since 2014, despite the sanctions, “we devoted our funds to scientific and technological progress, and we had significant growth in the fields of biotechnology, IT, agriculture and space industries. Now, in spite of the initial concerns, we have realized that we can do whatever we decide to," said Putin.

Putin is visiting the Iranian capital to attend a trilateral summit with the leaders of Iran and Azerbaijan.

President Toshihiro Suzuki told reporters on Thursday that Japanese auto companies should work as a team to compete against European, US, and Chinese firms.

Toyota Motor, Mazda Motor, and automotive parts manufacturer Denso set up a new company in September to develop electric vehicles.

Suzuki said if a shift to hybrid and electric vehicles takes off in India, his company would quickly lose its strong position in the key overseas market.

He added the company is not going to miss the bus in the global move to go electric.

Suzuki has upgraded its financial projections for the current fiscal year ending in March.

It forecasts sales will come to 31.6 billion dollars and operating profit will reach 2.6 billion dollars. Both figures would be record highs.

It closed at $0.03 lastly. It is down 0.00% since November 1, 2016 and is . It has underperformed by 16.70% the S&P500.

Because of its size, the new carnivore is thought to have eaten juvenile or small dinosaurs, which were common during the Late Cretaceous period when the animal lived.
The fossil was found in a region of Mongolia's Gobi desert known as the Nemegt Formation, an area where many dinosaur bones have been found before. 
It is thought the beast was a pterosaur, a group of giant flying reptiles that lived alongside the dinosaurs.
The animals were the first vertebrates known to evolve the power of flight, and are thought to have been the largest flying animals ever seen on Earth.
While the species unearthed in Mongolia has not yet been identified, researchers were struck by the sheer size of the backbone fragments found.
'I immediately recognised that it might be a pterosaur and was astonished at its gigantic size,' palaeontologist Dr Takanobu Tsuihiji from the University of Tokyo told National Geographic.

'Straight away, we went back to the site and discovered the rest of the specimen.'

Under an IMF programme requirement, fuel import tax must be increased. The level of the hike is set out in Government Resolution 109 from 1 October. 

As of 24 October, Mongolia has a nationwide fuel reserve for 42 days.

The meeting was attended by Ambassadors of EU member states including Belgium, Finland, Austria, Slovakia, Estonia, Greece, Lithuania, Hungary, Germany, France, Sweden, Malta, Latvia, Slovenia, the Czech Republic, Italy, Bulgaria, the United Kingdom, the Netherlands, Luxembourg, Spain and Denmark.

President Kh.Battulga expressed his pleasure at meeting the Ambassadors and the opening of EU Delegation in Mongolia, which has been on agenda for about four years. “We believe that opening of EU Delegation in Mongolia will help intensify bilateral relations including trade ties,” said the President, citing statistical figures in Mongolia-EU trade.

Bilateral trade turnover reached USD 1.2 billion in 2016, with Mongolia’s export amounting to USD 643 million. “If we look at the EU, it is not a big sum,” said the President, explaining that he focuses on economic sector since he is a businessman-turned-politician.

President Kh.Battulga continued to state the fact that Mongolia is situated between two giant nations the world takes interest in, which he sees as “a geographic advantage”.

“Mongolia is rich in above and below-ground resources. Although Mongolia has big potentials in agricultural sector, we are far behind in terms of technology,” the President said. President K.Battulga suggested that European technologies can be introduced in Mongolia to process and export raw materials – the above-ground resources. "Almost all European countries have advanced agricultural sectors,” said the President

The President then answered questions raised by the Ambassadors, who also remarked on the growing political cooperation between Mongolia and the EU and agreed to intensify economic cooperation.

Mongolia-EU Framework Agreement on Comprehensive Partnership and Cooperation entered into force on November 1.