INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Saudi Arabia to boost maritime cooperation with South Korea, Qatar

Saudi and Korea signed a deal to streamline the seafarers' business process flows. (SPA)
  • Saudi Arabia and South Korea inked a deal to promote mutual recognition of the certificate of competency of seafarers from both countries.
  • The agreement is likely to streamline the seafarers' business process flows between Saudi Arabia and Korea.

Riyadh, Saudi Arabia – A delegation of Saudi Arabia discussed steps to enhance cooperation in maritime transport and ports with South Korea, local media reports said.

Led by Saleh Al-Jasser, Saudi Minister of Transport and Logistic Services, the delegation visited South Korea and met Cho Seung-hwan, Minister of Oceans and Fisheries.

The two parties inked a deal to promote mutual recognition of the certificate of competency of seafarers from both countries, said reports.

The agreement is likely to streamline the seafarers’ business process flows between Saudi Arabia and Korea.

Meanwhile, Qatar’s Minister of Transport Jassim bin Saif bin Ahmed Al Sulaiti also held a meeting with Al-Jasser.

The meeting discussed aspects of cooperation between the two countries in the fields of transport and transportation and ways to promote them.

Both meetings highlight the importance of strengthening cooperation between Gulf countries and their global partners in promoting maritime transport and logistics services, as well as the need for more streamlined business process flows.