The Republic of Korea recorded a 19.9 percent year-on-year (YoY) increase in the number of international flight passengers during the summer vacation season, fully recovering to the pre-pandemic level, data showed Sunday.
Category: Economy
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Shanghai launches ¥10-billion fund to foster future industries
The Chinese financial hub of Shanghai on Saturday announced the establishment of a CN¥10 billion (about US$1.41 billion) fund to nurture future industries.
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EDB launches AI Wave programme to boost operations
Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has launched its internal AI Wave programme, a strategic initiative aimed at enhancing AI literacy and adoption across the organisation.
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UAE Tourism: Boosting investments to drive GDP growth
The UAE's tourism sector continues to record remarkable performance in international tourist arrivals and hotel bookings, aligning with the UAE Tourism Strategy 2031, which aims to attract AED100 billion in tourism investments and boost the sector's contribution to the GDP to AED450 billion by 2031.
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UAE, Egypt strengthen economic ties in key sectors
Abdullah bin Touq Al Marri, Minister of Economy, held bilateral meetings with Lieutenant General Kamel El Wazir, Deputy Prime Minister for Industrial Development and the Minister of Industry and Transport of Egypt, and Dr. Rania Al Mashat, Egypt's Minister of Planning, Economic Development, and International Cooperation.
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UAE celebrates historic milestone as Unit 4 of Barakah Plant commences commercial operation
The Emirates Nuclear Energy Corporation (ENEC) today announced a historic milestone for the UAE with the fourth unit of the Barakah Nuclear Energy Plant entering commercial operations, marking its full delivery.
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ADNOC successfully prices triple tranche debut bond transaction under Global Medium Term Note Programme
Abu Dhabi National Oil Company (ADNOC) PJSC announced today, that its wholly-owned subsidiary, ADNOC Murban RSC Ltd (ADNOC Murban), the primary debt capital markets issuing and rated entity for ADNOC Group, has successfully priced its inaugural offering of notes under its newly established Global Medium Term Note (GMTN) Programme in three tranches with an aggregate principal amount of $4 billion.
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Emirates Steel Arkan rebrands as EMSTEEL to drive operational evolution, global growth
Emirates Steel Arkan, the UAE’s largest publicly listed steel and building materials company, has rebranded as EMSTEEL as part of a broader strategy to accelerate its operational transformation and extend its global presence.
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Jordan to complete 2nd phase of electrical connection with Iraq by Q1 2025
Jordan is set to complete the second phase of its electrical connection project with Iraq by the first quarter of 2025, according to the Ministry of Energy and Mineral Resources' 2023 Annual Report.
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UAE to showcase cutting-edge aerospace, defence technologies at Egypt International Air Show 2024
The UAE National Pavilion is set to take part in the first Egypt International Airshow in Al Almain city from 3rd to 5th September, with a dedicated exhibition space showcasing the UAE’s defence capabilities and technological innovations.