Kazakhstan to modernize over 3,000 villages by 2024
Nur-Sultan: Kazakhstan plans to modernize 3,477 villages by 2024 in accordance with new regional standards, First Deputy Prime Minister Alikhan Smailov has said. Under the plan, drinking water, repaired roads and basic social facilities will be made available in the most remote rural areas, Smailov said at a session by the ruling Nur Otan Party, […]
Central Asian leaders to meet in Tashkent
Tashkent: The expansion of regional cooperation between the Central Asian states across several sectors will be high on the agenda of the second consultative meeting of heads of Central Asian states when they meet in Tashkent on on November 29, Uzbek state news agency UzA has reported. The summit agenda of the leaders of Kazakhstan, […]
Emirates firms up $8.8 billion order for 30 Boeing 787s at 2019 Dubai Airshow
Dubai: Emirates, the world’s largest international airline, has signed a full purchase agreement for 30 Boeing 787-9 aircraft, worth $8.8 billion at list prices, at the Dubai Airshow 2019. Under its agreement with Boeing, Emirates has exercised its right to substitute the B777x with B787s, the company said. This deal includes Boeing 787 […]
Luxury fashion powerhouses rush into South Korean market
Seoul: When it comes to purchasing luxury and premium products and services, South Koreans are almost on par with other major countries. Indeed, South Koreans’ love for luxury goods is astonishing, and that’s why high-end brands, which are known to stick to their heritage and tradition, have recently taken new and innovative moves in South […]
Korea, Japan fail to narrow differences in trade talks
Geneva: South Korea and Japan failed to narrow their differences in a second round of talks Tuesday aimed at resolving their dispute over Tokyo’s export restrictions, Seoul’s chief negotiator said. The six-hour-long meeting was arranged as part of a dispute settlement process under rules of the World Trade Organization. South Korea earlier filed a complaint […]
Airlines to cut fuel surcharges on international routes in December
Seoul: South Korean airlines will lower their fuel surcharges on international routes in December to mirror a fall in jet fuel prices, industry sources said Monday. The surcharges for one-way tickets on long-haul international routes will be capped at 37,700 won ($32.40) next month, down one notch from November. If the average jet fuel price […]
South Korea to build 30,000 smart factories to deal with demographic change
Sejong: South Korea will build 30,000 smart factories and 10 smart industrial zones by 2022 as part of efforts to deal with a looming decline of the country’s working-age population, the finance minister said Wednesday. Hong Nam-ki said the number of people working at smart factories and smart industrial zones could stand at 100,000, which […]
Moon views Busan summit with ASEAN as midterm review of New Southern Policy
Seoul: President Moon Jae-in on Tuesday emphasized the significance of two upcoming summits with Southeast Asian nations in Busan for his administration’s signature New Southern Policy, as he had a weekly Cabinet meeting at the venue in the southern port city. He pointed out that the ASEAN-Republic of Korea Commemorative Summit, slated for Nov. 25-26, […]
South Korea finances establishing three hospitals in Pakistan
By Nasir Aijaz AsiaN Representative Karachi: The Republic of Korea on Monday agreed to provide a US$300 million soft loan for financing establishment of three hospitals in Pakistan’s southern Sindh province. In a meeting with Chief Minister Syed Murad Ali Shah at Chief Minister’s House in Karachi, the provincial capital, the Korean delegation of Exim […]
Emirates Group announces $320 million profit
Dubai: The Emirates Group said its revenue for the first six months of 2019-20 was $14.5 billion, down 2% from $ 14.8 billion during the same period last year. This slight revenue decline was due mainly to planned capacity reductions during the 45-day Southern Runway closure at Dubai International airport (DXB), and unfavorable currency movements […]
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