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![South Korea’s foreign reserves fall $620 million in June amid currency swap, bond payments](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
As of the end of June, the country’s foreign reserves stood at $412.21 billion
![UAE’s ADNOC embraces AI for sustainability, drives $500 million in savings and 1 million tons of carbon cuts](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Last year, ADNOC implemented over 30 AI tools to improve the efficiency of its projects
![ADNOC L&S awards $2.5 billion in contracts to Korean shipyards for 8 LNG carriers](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
LNG carriers will be delivered by 2028 and time chartered for 20 years to ADNOC Group subsidiaries
![Emirates’ green aviation initiative slashes fuel burn by 48,000 tons, cuts carbon emissions by 151,000 tons](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The airline has equipped its pilots with the latest tools and applications to monitor and optimize their flight performance
![Abu Dhabi’s KEZAD, Astha Biotech sign lease agreement for $12 million microalgae plant in the emirate](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20645'%3E%3C/svg%3E)
The deal will enable the launch of the UAE's first microalgae company for health, cosmetics, food, and aquaculture
![Emirates begins operating flights from Singapore using SAF](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Around 3.3 million liters of blended SAF became available in the fuelling system of Changi airport
![Abu Dhabi’s Etihad Airways carries 1.5 million passengers with 84 percent load factor in May 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The airline had seen a 38 percent year-to-date increase in passengers, said CEO
![Digital technology: A catalyst for sustainable energy practices in the GCC region](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20614'%3E%3C/svg%3E)
How AI, process optimization and digital grid solutions are changing the game
![Building a greener future: How FMCG companies can drive sustainability](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Implementing green practices such as tapping solar energy and reducing food loss can help companies meet sustainability goals
![SAF production to triple to 1.5 million tons by 2024: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Around 140 SAF projects are planned by 2030, the report said
![UAE’s ADFD finances projects worth $9.6 billion in 42 African countries](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
In 2023, ADFD led a $4.5 billion UAE initiative to boost Africa's clean energy infrastructure
![Global carbon pricing revenues reach record $104 billion in 2023: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The report found that there are now 75 carbon pricing instruments in operation worldwide
![Dubai’s DET boosts green future efforts with inaugural sustainability report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Report showcases city's efforts to align with global sustainability objectives and D33
![UN body adopts human rights protections for carbon market mechanism](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The move seeks to empower vulnerable communities and individuals
![Hilton accelerates growth in the Middle East](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20614'%3E%3C/svg%3E)
New openings to bolster its position as a leading hospitality brand in the region
![Kuwait to modernize, enhance renewable energy efficiency for a zero-carbon future](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Dr. Al-Otaibi highlighted Kuwait's endeavors to raise renewable energy production from 15 to 30 percent by 2030
![Abu Dhabi’s TAQA, Japan’s JERA to develop greenfield plant in Saudi Arabia](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Project leverages advanced technologies and emphasizes sustainability
![UAE joins global initiative for achieving near-zero emission buildings by 2030](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The move reflects UAE’s commitment to global cooperation in decarbonizing the building sector and bolstering resilience
![ADNOC signs 15-year LNG supply deal with German energy firm](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Strategic deal reinforces ADNOC's role in global energy transition
![Abu Dhabi to host inaugural Global Rail conference in October](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The event will bring together more than 15,000 senior decision-makers, thought leaders and 1,000 delegates
![DEWA reduces carbon emissions by 92.5 million tonnes from 2006 to 2023](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Innovative technologies and strategic upgrades bolster commitment to clean energy
![Saudi Arabia, Kazakhstan collaborate to approve executive program in fields of renewable energy and innovation](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The program contributes to supporting Kazakhstan's efforts to achieve emissions reduction targets
![ADNOC generates $500 million value, reduces 1 million tons CO2 by deploying AI across value chain](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
The company’s AI integration is driving net-zero emissions and methane reduction goals
![ADNOC recognized as top NOC investor in low-carbon solutions: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The company was also ranked 5th largest investor in the industry in 2023