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Korea to Devise Long-Term Strategy for Autonomous Vessels

Busan: The Republic of Korea will formulate a long-term strategy this year to commercialise autonomous marine vehicle technology as part of efforts to innovate the shipping industry, according to the Ministry of Oceans and Fisheries. The plan will out…

Kuwait Oil Price Declines to $69.54 Per Barrel

Kuwait City: The price of Kuwaiti oil decreased by 40 cents to US$69.54 per barrel on Monday, compared to US$69.94 per barrel last Friday, as reported by the Kuwait Petroleum Corporation on Thursday.

According to Emirates News Agency, at the global …

Yas, Saadiyat Islands Set Tourism Records in 2024

Abu Dhabi: Miral has announced record-breaking visitation numbers across Yas Island and Saadiyat Island in 2024, reflecting strong year-on-year growth and reinforcing Abu Dhabi’s global positioning as a leading tourism destination.

According to Emir…

FAB Reports 23% Rise in Net Profit to AED5.13 Billion in Q1

Abu Dhabi: First Abu Dhabi Bank (FAB) delivered record results for the first quarter of 2025, with a Group net profit of AED5.13 billion, up 23 percent year on year (yoy), and Group profit before tax reaching AED6.13 billion, up 22 percent yoy.

Acc…

Tourism Investment Strategies Propel Middle East Growth

Dubai: Tourism and investment leaders have gathered at Arabian Travel Market (ATM) to discuss the critical role of strategic investment in unlocking the Middle East’s full tourism potential. During a session held on the event’s Global Stage, a high-le…

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