Saudi Arabia, South Korea ink pact to manufacture vaccines, biotech solutions

• The agreement was inked between the Saudi Authority for Industrial Cities and Technology Zones "MODON" and the South Korean GL Rapha Holding Company
• As part of the pact, an expanse of 51,000 square meters in Sudair City for Industry and Business is set to be allocated, involving an investment totaling $200 million

UAE ranks first in Middle East, 4th globally as remote work destination

• The UAE ranked fourth after Spain, Argentina, and Romania, according to the website, which develops rankings based on a variety of factors
• UAE Minister Omar bin Sultan Al Olama said his country has established a flexible and future-oriented system for remote work

UAE, Turkey explore ways to enhance bilateral relations

• UAE President Al Nahyan and Turkish president Erdogan also exchanged views on various regional and international issues of mutual interest.
• The two leaders emphasized the importance of an immediate ceasefire in the Gaza Strip, ensuring the protection of civilians .

Red Sea Global, VAARST join hands for marine ecosystem mapping

• VAARST’s photogrammetry and real-time intelligent data collection system are transforming how underwater ecosystems are mapped and preserved.
• SubSLAM, developed by VAARST, enables precise quantification and identification of corals and underwater objects using advanced 4K sensors.

Iran executes man convicted of spying for Israel: judiciary

• He was also found guilty of "collecting and providing classified information to the Mossad spy service with the aim of disrupting public order."
• Iran has previously announced the arrests of alleged agents working for foreign countries, including Israel, its regional arch-foe

KIPCO sells its stake in GIG

• The purchase price was set at KD two per share, with an adjustment of 54 fils per share to account for the cash distributions GIG made in 2022
• The sale of KIPCO's stake in GIG is seen as a testament to the company's effective strategy of acquiring, expanding, and then timely exiting companies

UAE to strengthen digital infrastructure in Azerbaijan

• Data centers are crucial to a country’s digital infrastructure as they provide a secure space for storing critical data and running applications. 
• Azerbaijan has taken steps towards advancing the digital economy, among else through the centralization of e-services and the digitization of public services

ADNOC to buy stake in Fertiglobe

• Fertiglobe is listed on the ADX and is the world’s largest seaborne exporter of urea and ammonia combined.
• It is also an early mover in sustainable ammonia, with production facilities in Egypt, Algeria and the UAE.

ENEC, CNNC sign MoU

• The two firms will collaborate on identifying potential development and co-investment opportunities for new international nuclear energy plants.
• They will form a Joint Working Group to leverage their strengths in project management, nuclear technology development and implementation.

Iran announces visa exemption for Saudi Arabia, 32 other countries