ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
South Korea and the UAE have agreed to joint venture into hydrogen and other sustainable resources in line with their carbon reduction goals.
According to South Korea's Industry Minister Sung Yun-mo, who held a virtual meeting with his UAE counterpart, Sultan Ahmed Al Jaber, the two countries can broaden ties in the green energy segment, including hydrogen.
He added that South Korea is actively rolling out projects in the Green New Deal, one of four pillars of the country's efforts to invest 160 trillion won by 2025 to create 1.9 million jobs and jumpstart the economy.
South Korea plans to achieve carbon neutrality by 2050.
Automobiles running on hydrogen only create water in the process of generating power.
Hydrogen can be produced as a by-product of industrial facilities, such as petrochemical plants.
The UAE is South Korea's 24th-largest export partner in 2020, with outbound shipments to the Middle Eastern country reaching $3.6 billion in 2020, up 5.5 percent from 2019.
South Korea mostly shipped auto parts while importing crude and other petrochemical products from the UAE.
