South Korea commits $3 mn to aid climate action efforts in Central Asia

11 Nov 2024 CW Team

The South Korean government announced that it plans to donate $3 million over the next three years to support climate change initiatives in Central Asia.

According to the finance ministry, the agreement for this contribution to the Climate and Sustainability Project Preparatory Fund was signed on Friday during ministerial-level meetings in Kazakhstan under the Asian Development Bank's (ADB) CAREC program. This program is a collaboration among 11 countries and development partners focused on advancing regional growth and cooperation, as reported by Xinhua News Agency.

The ministry also stated that South Korea, a founding member of ADB's newly established fund, will make the largest contribution among its founding members.

The fund will be used to develop infrastructure, promote energy projects, and support agriculture, fisheries, and the stabilization of regional supply chains. The ministry expressed hope that the fund would enhance communication and partnerships between South Korea and Central Asian countries, potentially leading to various climate-focused projects driven by Seoul's contribution.

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..