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Burkina president's ex-allies launch opposition party

Former top allies of Burkina Faso President Blaise Compaore who quit the ruling party earlier this month launched a new opposition movement on Saturday. Compaore, who has been in power since 1987, caused an uproar when he suggested he might have the constitution amended to allow him to run for another term in polls slated for 2015. The move caused a break in his Congress for Democracy and Progress, with Roch Marc Christian Kabore -- a former party leader and former parliament speaker -- leading the dissidents.

Skyline of tents, towers shows Mongolia inequality

Sat in a tent on the outskirts of Mongolia's capital, Norihil Gendenpil lives on the physical -- and economic -- margins of a booming city filling up with skyscrapers. The 88-year-old grandmother still worries daily about the rising cost of food for herself and 20 children, grandchildren and other family members. "Every morning the price goes up," she says, sitting in her yurt, a traditional felt tent used by Mongolian nomads for generations. "But I don't want to ask anything of my daughters, since they themselves are struggling to make ends meet."

Mongolian parliamant passes new investment law

Mongolian lawmakers on Thursday approved new investment legislation that overturns a contentious law passed just last year, Chinese state media reported. The new law stabilises taxes for investors who bring more than 15 billion tugrug ($9 million) into the country, Xinhua news agency reported from Ulan Bator. The four kinds of levies would be stable for a period of between 10 years to at least 13 years depending on location and investment value, the report said, without providing further details.

Mongolia president sworn in pledging rapid development

Mongolia's re-elected President Tsakhia Elbegdorj was sworn in Wednesday, promising rapid development amid a resources boom. The ceremony was held outdoors for the first time, in front of a huge statue of Genghis Khan in Ulan Bator. Several thousand supporters cheered after Elbegdorj, 50, wearing a long white traditional deel and white hat, took the oath before the image of the warrior who unified the nation 800 years ago and went on to build an empire stretching across Asia.

Japan seeks Mongolia's cooperation in abduction issue with N. Korea

Japan's abduction issue minister Kei Furuya met with Mongolian President Tsakhia Elbegdorj in Ulan Bator on Tuesday and called for Mongolian cooperation to help resolve Japan's standoff with North Korea over the abduction of Japanese nationals. Furuya told reporters after the meeting that Elbegdorj pledged to continue to provide "all-out cooperation" with Japan over the abduction issue.

S. Korea to send special envoy to inauguration of Mongolia's Elbegdorj

SEOUL, July 8 (Yonhap) -- Ju Chul-ki, the senior presidential secretary for foreign affairs and security, will represent South Korea at this week's inauguration ceremony for Mongolian President Elbegdorj Tsakhia, Seoul's foreign ministry said Monday. Elbegdorj won a second four-year term last month and his inauguration is set for Wednesday, the ministry said in a statement. <All rights reserved by Yonhap News Agency>

Mongolia president invokes Genghis Khan in election win

President Tsakhia Elbegdorj invoked Mongolia's warrior hero Genghis Khan Thursday as he celebrated winning a second term in elections defined by a debate over inequality in a nation enjoying a mining bonanza. Thousands of supporters of the former journalist, who helped throw off decades of communist rule, sang democratic songs in the capital's Soviet-style square as he delivered a victory speech.

Mongolia President Elbegdorj wins vote: preliminary results

Mongolian President Tsakhia Elbegdorj won a second term, according to preliminary results Thursday, defeating a wrestling champion and the country's first woman presidential contender in an election dominated by a debate over mining wealth. The incumbent gained 50.23 percent of votes, Mongolia's General Elections Commission chief Sodnomtseren Choinzon said, after announcing that all ballots had been counted. str-nc/kgo/mtp

Elbegdorj: From freedom fighter to Mongolian statesman

A key figure in Mongolia's transition to democracy more than two decades ago, Tsakhiagiin Elbegdorj has emerged as the dominant force in the country's political landscape, but questions linger about his ability to confront inequality in the resource-rich nation. Elbegdorj became president in 2009 after twice serving as premier, taking office on the back of his democratic pedigree in a country where many believe politics is tainted with corruption.

Mongolian presidential election polls open

Mongolians headed to the polls Wednesday for a presidential election with the three candidates promising fairer wealth distribution from a spectacular mining boom that has raised questions over the role of foreign investors. Recent polls suggest President Tsakhia Elbegdorj will secure a second term to continue his policy of using foreign cash to help drive the rapid development of Mongolia's economy, which grew by 17.5 percent in 2011 and 12.3 percent last year. nc/mtp
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