Day: June 2, 2024

SEOUL: Republic of Korea’s exports extended on-year gains to the eighth straight month in May on the back of strong shipments of semiconductors, data showed Saturday.

Yonhap news agency quoted data from the Ministry of Trade, Industry and Energy, sta…

DUBAI: Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), unveiled the details of the Dubai Commercial and Logistics Land Transport Strategy 2030. Along with a roadmap and ass…

DUBAI: H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy (DSCE), chaired the 82nd meeting of the Council, which was held virtually in the presence of Saeed Mohammed Al Tayer, Vice Chairman of the DSCE.

The meetin…

DUBAI: The International Air Transport Association (IATA) has reported a 28% decrease in the amount of airline funds blocked from repatriation by governments. The total blocked funds at the end of April stood at approximately $1.8 billion, a reduction…

DUBAI: The International Air Transport Association (IATA) announced that it will establish the SAF Registry (Registry) to accelerate the uptake of Sustainable Aviation Fuels (SAF) by authoritatively accounting and reporting emissions reductions from S…

VIENNA: The 37th OPEC and non-OPEC Ministerial Meeting decided to extend the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) starting 1 January 2025 until 31 December 2025.

P…

DUBAI: The International Air Transport Association (IATA) announced that its projections for a tripling of Sustainable Aviation Fuels (SAF) production in 2024 to 1.9 billion liters (1.5 million tonnes) are on track. This would account for 0.53% of avi…