Seoul: Korea’s fiscal deficit reached over 88 trillion won (US$61.8 billion) in the first eight months of the year, the finance ministry reported on Thursday. The managed fiscal balance, a vital measure of fiscal health calculated under stricter terms, posted a deficit of 88.3 trillion won during this period, as per data from the Ministry of Economy and Finance. According to Emirates News Agency, this figure marks the second-largest deficit on record for the January-August period, surpassed only by the deficit seen in 2020. The total revenue for the period increased by 35 trillion won from the same period the

Milan: Emirates and AC Milan have announced the extension of their partnership. The renewal reinforces one of football’s longest and most successful collaborations, with Emirates continuing as the Principal Partner, Official Airline Partner, and Official Men’s Jersey Partner of the Italian club. According to Emirates News Agency, as part of the renewal, Emirates’ signature ‘fly better’ logo will remain emblazoned on the front of AC Milan’s Men’s First Team shirts across all major competitions including Serie A, Coppa Italia, UEFA, FIFA fixtures, and international friendlies. Emirates logo will also extend to the jerseys of AC Milan Academy youth players, enabling

Dubai: As part of its strategic efforts to enhance the UAE’s global leadership in climate action and support its path towards achieving climate NetZero by 2050, the Ministry of Climate Change and Environment (MoCCAE) has announced the launch of the National Measurement, Reporting, and Verification (MRV) system. The launch took place during a special event on the sidelines of GITEX GLOBAL 2025 in Dubai and was attended by a number of senior officials and experts from relevant government entities and the private sector. According to Emirates News Agency, the new system is a fundamental pillar of the nation’s environmental and

Dubai: Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Ministry of Economy and Tourism is hosting the UAE-Africa Tourism Investment Summit 2025 in Dubai on Monday, 27 October, at the Madinat Jumeirah hotel. To be held under the theme ‘Building Bridges for Sustainable Growth,’ the summit is part of the Future Hospitality Summit (FHS World 2025), organised by The Bench. According to Emirates News Agency, the Summit aims to strengthen economic and tourism relations between the UAE and Africa, while opening new horizons

Sharjah: The debut edition of the Evolve Future Mobility Show (EFMS 2025), the Middle East’s first exhibition dedicated exclusively to electric and new energy vehicles, opened today at Expo Centre Sharjah. Held under the patronage of H.H. Sheikh Sultan bin Mohammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, this high-profile event runs until 18th October, bringing together major global electric vehicle (EV) manufacturers, industry leaders, and innovators to shape the future of sustainable transport. According to Emirates News Agency, the exhibition, launched with support from the Sharjah Chamber of Commerce and Industry (SCCI), features participation from

Abu dhabi: MGX, the Artificial Intelligence Infrastructure Partnership (AIP), and BlackRock’s Global Infrastructure Partners (GIP) have announced their acquisition of Aligned Data Centers. The consortium will purchase 100% of Aligned’s equity from private infrastructure funds managed by Macquarie Asset Management and its co-invest partners. This transaction, which values Aligned at an enterprise value of approximately US$40 billion, is set to advance the expansion of cloud and AI infrastructure. According to Emirates News Agency, AIP was established by BlackRock, GIP, MGX, Microsoft, and NVIDIA with the goal of expanding AI infrastructure capacity and shaping AI-driven economic growth. The financial backing for

Abu dhabi: Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), Global Food Week is set to take place from October 21 to 23 at the ADNEC Centre Abu Dhabi. The event will host local and international participants, including decision-makers, experts, and leading companies in the food sector. According to Emirates News Agency, the event is organised by the ADNEC Group in collaboration with ADAFSA, the Khalifa International Award for

Abu dhabi: Carbon dioxide (CO2) levels in the atmosphere soared by a record amount to new highs in 2024, committing the planet to more long-term temperature increase. According to Emirates News Agency, the WMO Greenhouse Gas Bulletin said continued emissions of CO2 from human activities and an upsurge from wildfires were responsible, as well as reduced CO2 absorption by ‘sinks’ such as land ecosystems and the ocean – in what threatens to be a vicious climate cycle. Growth rates of CO2 have tripled since the 1960s, accelerating from an annual average increase of 0.8 ppm per year to 2.4 ppm