South Korea seeks to boost clean energy efforts with UAE cooperation

  • SEOUL: South Korea is seeking to increase hydrogen cooperation with the UAE in a bid for a sustainable future and carbon neutrality, President Moon Jae-in said on Monday in Abu Dhabi during his Middle East tour to explore business opportunities in the region. Moon arrived in the UAE on Saturd...
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World Bank favorably revises 2022 Saudi growth forecast to 4.9% on oil rebound

  • RIYADH: Saudi Arabia’s economy is set to grow by 4.9 percent this year due to a strong rebound in the oil sector which will induce stronger exports, the World Bank said in a report. In its Global Economic Prospects report, the international organization upwardly revised the expansion rate by ...
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UAE and South Korea sign agreements in defense, hydrogen cooperation

  • LONDON: The UAE and South Korea signed several agreements on Sunday during President Moon Jae-in’s official visit to the Emirates to attend the “Day of Korea” ceremony at Expo 2020 Dubai. Sheikh Mohammed bin Rashid, UAE vice president and prime minister and ruler of Dubai, praised relations be...
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‘Planet won’t be sacrificed in pursuit of minerals’: head of the International Council on Mining and Metals

  • People’s lives will not be sacrificed in the pursuit of mineral excavation, the head of the International Council on Mining and Metals has vowed. Speaking at the Future Minerals Forum in Riyadh on Wednesday, Rohitesh Dhawan vowed that his industry would act in a socially and environmentally r...
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Radisson plans fourfold increase in Saudi hotels with Kingdom’s growth second to China

  • RIYADH: The Radisson Hotel Group is very optimistic about the growth in Saudi tourism market. The group now is considering increasing the hotels it operates in the Kingdom fourfold as it plans to move its regional headquarter to Riyadh this year. Today, the Group operates 24 hotels, resorts...
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Taiwan to launch $1bn Lithuania credit fund amid Beijing pressure

  • Taiwan will launch a $1 billion credit program to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday. Lithuania is under pressure from China which claims democratically ruled Taiwan as its ow...
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South Africa seeks two-fold hike in mining sector investments

  • CAIRO: The minerals council in South Africa aims to reposition the country’s mining industry as its chief industrial sector. As a preliminary step towards achieving this, the council seeks a two-fold increase in real investment in the mining sector by 2030. This target will be made possible...
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JPMorgan sets future outlook for crypto markets: Crypto Moves

  • RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Monday, rising by 0.95 percent to $41,900 at 1:28 p.m. Riyadh time. Ether, the second most traded cryptocurrency, was priced at $3,157, up by 2.10 percent, according to data from Coindesk. Other News: ...
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Riyadh airport gets international certification for carbon management strategy

  • RIYADH: Riyadh-based King Khalid International Airport has obtained a certification from the Airport Carbon Accreditation program by the Airports Council International, hailing its commitment towards sustainability.  The airport was awarded for its environmental protection and carbon man...
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Over 60 countries participating in Arab Health

  • A total of 62 countries will be represented on the exhibition floor of the 2022 edition of Arab Health, the MENA region’s leading exhibition for the healthcare industry, taking place at the Dubai World Trade Centre from Jan. 24-27. This year’s show, which returns as a co-located event for the...
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