
HHI awarded 420 billion won order for 4 crude carriers
Sep 29, 2020 23:23 pm UTC| Business
Hyundai Heavy Industries Co. (HHI) secured a 420 billion won deal to build four 300,000-ton crude carriers by the first half of 2022 for companies from Europe and Oceania. The buyers names were not revealed. HHI has...

Samsung teams up with Microsoft to accelerate 5G expansion
Sep 29, 2020 23:18 pm UTC| Business
Samsung Electronics Co. collaborated with Microsoft Corp. to provide accelerated 5G expansion for enterprises and help them deploy private 5G networks faster. The South Korean tech giant will deploy its virtualized...

Singapore Airlines scraps ‘flights to nowhere’ due to environmental concerns
Sep 29, 2020 23:12 pm UTC| Business
Singapore Airlines dropped its flights to nowhere plan after an outcry by activists over its environmental impact. Environmental activists from SG Climate Rally said that the plan would encourage carbon-intensive travel...

Saudi Arabia fortifies position as largest Islamic finance market
Sep 29, 2020 23:05 pm UTC| Business
Moodys expects Islamic financing in Saudi Arabia to reach around 80 percent of system-wide loans in the next 12-18 months, up from 78 percent of loans in 2019 and 70 percent in 2013. Moodys noted that corporates and...

Egypt resumes poultry exports to Saudi, UAE after a decade
Sep 29, 2020 22:59 pm UTC| Business
Egypt will resume exporting poultry in October, beginning with Saudi Arabia, after a decade-long suspension due to the 2006 avian flu crisis. According to Abdul Aziz Al-Sayed, the Head of the Poultry Division of the...

67 major S. Korean firms cut greenhouse emissions by over 10%
Sep 29, 2020 15:56 pm UTC| Business
Studies by CEO Score, a corporate data tracker, revealed that 67 out of 200 major South Korean companies cut greenhouse gas emissions by over 10 percent last year. CEO Score examined how much greenhouse gas they emitted...

Google: New billing system to affect only 2% of S. Korean app developers
Sep 29, 2020 15:43 pm UTC| Business
Google emphasized that the enforcement of its app markets billing system, which charges a 30 percent fee, would only affect 2 percent of South Korean app developers. According to Google, nearly 97 percent of those that...