NEW YORK, US- President Joe Biden said the United States would keep piling "costs" on Iran despite a prisoner swap deal that freed five Americans on Monday. Biden confirmed that he was imposing new sanctions on Iran's intelligence ministry and former president Mahmoud Ahmadinejad for their involvement in "wrongful detentions." "Today,...

TEHRAN, IRAN  – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to Qatari banks will be finalized within the next week. Qatari Foreign Minister Sheikh Mohammed Bin Abdulrahman al-Thani made the comments in a telephonic conversation with his Iranian counterpart Hossein Amirabdollahian...

North Korean leader Kim Jong Un presided over the unveiling ceremony on Wednesday, saying the sub was part of a "push forward with the nuclear weaponization of the Navy", according to state news agency KCNA. Images in state media showed Kim, wearing a light suit and sun hat, speaking to...

"The Sharjah International Book Fair has established itself as an exemplary Arab accomplishment, and we are elevating its role to enrich global culture. It has served as a platform for publishers, book industry professionals, and libraries to flourish, build partnerships, and strengthen relationships with their target audience,” she adds.

Sharjah, UAE--Sharjah Media City (Shams) has signed a memorandum of understanding (MoU) with Munhwa Broadcasting Corporation (MBC), the largest television and radio broadcasting company in South Korea. The partnership aims to strengthen cooperation between Shams and MBC Korea through enhanced media content business development, benefiting from the expertise and exchange...

TEHRAN, IRAN   – Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea and that all other foreign assets are at the Central Bank of Iran’s disposal. “We have already made it clear that the only blocked money was in South Korea. In...

Muscat, Oman--Oman has signed a memorandum of understanding (MoU) with South Korea in the field of green energy transition. The MoU reflects the advanced status of bilateral relations and the two countries’ keenness to consolidate cooperation in green transition. The MoU was signed by Eng. Salim Nasser Al Aufi, Minister...

SEOUL, SOUTH KOREA - Manchester City manager Pep Guardiola said on Saturday that the Saudi Pro League had "completely changed the market" and he expects more and more high-profile players to move there. City winger Riyad Mahrez this week became just the latest big name to move to Saudi football, following...

The plan was to boost New Delhi's self-reliance in the technology supply chain, given that semiconductors are an essential component of nearly all modern electronics -- powering everything from coffee machines to electric cars. The deal would have seen Vedanta -- one of India's biggest mining companies -- take a...

Abu Dhabi, UAE -- NEOPLY, a South Korean blockchain technology company, will establish its global headquarters in Abu Dhabi, the Abu Dhabi Investment Office (ADIO) said Monday and added that the move underscores emirate's appeal as a magnet for innovation-driven companies. NEOPLY provides a decentralized finance (DeFi) platform and a...

Dubai, UAE - Israel ranks in 5th place out of the 167 countries on the index of the world’s healthiest and unhealthiest countries.  Singapore was rated as having the top service and state of health globally in 2023. Asia is well represented generally, with the four top places rounded off...

Global glut of semiconductors hurts company's core memory sector.

Kuwait -- Kuwait's General Administration of Civil Aviation (GACA) and the South Korean Ministry of Land, Infrastructure and Transport signed a memorandum of understanding (MoU) on June 28 to regulate air operations between the two countries and increase their cooperation in civil aviation. The MoU, which amends the agreement signed...

SEOUL, SOUTH KOREA - Hyundai Motor said on Tuesday it aims to sell two million electric vehicles a year by 2030, raising its target from the 1.87 million it set last year as the market for clean-energy vehicles continues to soar. It also announced plans to invest a total of 109.4 trillion...

The agreement, to supply four million tons annually to the China National Petroleum Corporation (CNPC), matches the terms of a November deal with China's Sinopec as the longest ever seen in the industry.

Dubai, UAE-- The UAE and South Korea are aiming to foster cooperation to promote entrepreneurship and support growth of small and medium enterprises in the two countries' markets. In this connection, Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Lee Young, Minister of SMEs and...

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) is looking to cooperate with World Smart Sustainable Cities Organization (WeGO) in urban sustainability, smart technologies and innovate solutions in order to achieve sustainable development goals. In this regard, Saeed Mohammed Al Tayer, MD and CEO of DEWA welcomed a high-level delegation from...

Riyadh, Saudi Arabia--Saudi Arabia and South Korea have signed two agreements on Tuesday for future mobility and roads in the latest move to boost cooperation between the two countries. The memorandums of understanding call for cooperation in the future of mobility and innovation in the transport and logistic services sectors...

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...

Japan's Prime Minister Fumio Kishida said his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek a rapid reset of long-strained ties in the face of North Korean threats. Kishida was in Seoul on the first official bilateral visit by a Japanese leader to South Korea...

The company reports its worst quarterly profits in 14 years.

Riyadh, Saudi Arabia— Saudi Arabia has signed a memorandum of understanding (MoU) with Wemade, a South Korean firm, to boost its presence in the gaming sector. The agreement between the Saudi ministry of investment and Wemade will enable the South Korean firm to widen its footprint in the kingdom. Wemade...

Netflix, which spent more than 1 trillion won ($750 million) developing Korean content from 2015 to 2021, had previously said it would be expanding its South Korean show output, without giving details of spending plans. South Korea has cemented its status as a global cultural powerhouse in recent years, thanks in...

Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose" into a fighting force that could deter China or any would-be foe. Defense Minister Richard Marles unveiled a strategic review that called for using missiles, submarines and cyber tools to...

Riyadh, Saudi Arabia--Saudi Arabia and South Korea have signed multiple memorandum of understandings aimed at supporting SMEs, along with enabling entrepreneurs to enter the field with more confidence and emphasis. The two countries also looked at ways to enhance cooperation in the fields of entrepreneurship and innovation, as the Kingdom’s...

Dubai, UAE -- Saudi energy giant Aramco broke ground for its 26.25-billion-riyal ($7 billion) Shaheen Petrochemical Project, its biggest in South Korea. The groundbreaking was carried out through Aramco's affiliate S-Oil in South Korea's industrial city of Ulsan. Scheduled for completion by 2026, the Shaheen project is aimed at converting...

Japan and the United States immediately welcomed the announcement, but victims' groups said it fell far short of their demand for a full apology from Tokyo and direct compensation from the Japanese companies involved. Seoul-Tokyo ties have long been strained over Tokyo's brutal 1910-45 colonial rule of the Korean peninsula,...

Dubai, UAE-- The three-day long dental conference has got underway in Dubai, bringing together leading experts in dentistry and oral health professionals from around the world. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Academic Health Corporation and Chancellor of the Mohammed Bin Rashid University of Medicine and Health...

Seoul, South Korea-- Seoul and Washington are discussing joint planning and exercises involving US nuclear assets to counter growing threats from the nuclear-armed North, South Korean President Yoon Suk-yeol has said. In an interview with the Chosun Ilbo newspaper published Monday, Yoon said the United States' existing "nuclear umbrella" and "extended...

Dubai, UAE— Dubai Customs and a delegation from South Korea have discussed ways to further develop mutual trade cooperation. Dubai Customs also shared their experience in developing smart customs services and digital systems with the delegation. The meeting, held at Dubai Customs headquarters, shed light on virtual reality programmes that...

Among the agreements was Saudi investment for South Korean refiner S-OIL's Shaheen project, which would build petrochemical production facilities in South Korea worth $6.7 billion, according to the office of President Yoon Suk-yeol.

It, however, reported a 3.79% increase in sales.

SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic of Korea to reach a free trade agreement was launched in the South Korean capital of Seoul Tuesday and lasts until October 28. The two sides expressed readiness to advance...

SEOUL, S. KOREA - South Korea and a group of Arab countries will hold another round of negotiations for their free trade deal next week, Seoul's trade ministry said Sunday. South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free...

China in June 2019 won the bid to host the event but pulled out in May because of its "zero-Covid" policy, leaving the AFC scrambling to find a new host for its flagship men's 24-team football tournament. The tournament had been due to be held in 10 Chinese cities from...

Stock markets and oil prices slumped as investors grow fearful that more big interest rate hikes will tip economies into deep recessions. The mood darkened also on the worsening Ukraine war and weaker demand expectations in China. Analysts said US consumer price index data released later this week will be...

German Chancellor Olaf Scholz criticized US climate protection plans that would shield domestic companies from foreign competition, saying they could trigger "a huge tariff war". Unease has been growing abroad about US President Joe Biden's landmark "Inflation Reduction Act", which includes tax breaks for US-made electric cars and batteries.

Cairo, Egypt— Egypt has recorded a huge jump in arrival of tourists from many European countries and the US, as Luxor basks in a tourist boom not seen in the last few years. Tourists from Spain and France are leading an increase in visitors to Egypt from a number of...

The South Korean tech giant, Samsung Electronic, has said that it expects operating profits in the third quarter to fall 31.7 percent as a global economic downturn hit demand for consumer electronic. The latest forecast is the company's first projection of a year-on-year decline in profit for nearly three years.

Iran and United States have arrived at a deal to exchange prisoners and unfreeze Iranian funds abroad, according to media reports. The deal includes freedom for eight people held in the custody of two countries. The exchange will follow a UN statement last week that a former UNICEF official was...

It will collaborate with Invest Seoul Agency for the venture.

Nearly a month after a South Korean court issued an arrest warrant for Do Kwon, a cryptocurrency founder, Interpol has issued a red notice for Kwon who flew from South Korea to Singapore ahead of the crash in May. South Korean prosecutors had requested Interpol place him on the red...

The PUBG Mobile tournament was part of Gamers8, a summer festival spotlighting Saudi Arabia's emergence as a global eSports dynamo -- one that officials hope can compete with powerhouses like China and South Korea. Much like with Formula One and professional golf, the world's biggest oil exporter has in recent...

Four days after a South Korean court issued an arrest warrant for him, the founder of the failed cryptocurrency platform Terra, Do Kwon, denied he was on the run. Nothing was known about his whereabouts after the Singapore Police Force said he was not in the city-state as was previously...

South Korea wants to strengthen its relations with the Middle East with a focus on high-tech industries, according to Seoul’s top diplomat.

The endearing "Extraordinary Attorney Woo", featuring a neurodivergent attorney, has been Netflix's most-watched non-English show for over a month, following a path blazed by fellow Korean smash "Squid Game". Even K-pop sensation BTS are fans of the global hit, with band members posting a video performing the signature greeting between...

Firms say construction of US plant to begin next year.

Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million.

The UAE and South Korea sign an agreement to launch a joint cooperation program to support entrepreneurs and SMEs. During the 11-month program, the two sides will discuss and cooperate in entrepreneurship and SME development.

Pyongyang should continue to build up its arsenal so that it can have the "overwhelming military muscle that no force in the world can provoke," the country's leader Kim Jong Un said, calling it the "lifeline guaranteeing the security of our country".