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Japan launches first deep-sea rare earth mining trial to cut reliance on China
January 13th, 2026 - 07:23 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Japan launches first deep-sea rare earth mining trial to cut reliance on China

ALBAWABA- Japan launched the world’s first deep-sea rare earth mining trial, marking a strategic move to secure critical mineral supplies and reduce dependence on China. The month-long operation involves the research vessel Chikyu extracting mineral-rich seabed mud from depths of about 6,000 meters near Minamitori Island in the Pacific Ocean. The project is led by the Japan Agency for Marine-Earth Science and Technology and is aimed at developing domestic sources ...
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There is also a need to improve internet connectivity in Lebanon for banks to be able to provide fintech services in an effective way. (Shutterstock)
February 22nd, 2017 - 09:00 GMT

Lebanon's banks trail behind in fintech services

The UK-based company had earlier racked up £21 million (Dh95 million) in pre-tax losses in June 2016.  (Twitter/Balfour Beatty)
February 22nd, 2017 - 08:00 GMT

UK's Balfour Beatty exits MENA with $13.7M sale of operations to Dutco

Some importers are not happy with the deal, saying the rate of the dollar that they will have to pay their credit lines with is still too high for them to afford. (File photo)
February 22nd, 2017 - 07:00 GMT

Egypt's Central Bank settles with investors over pre-flotation credit lines

Before the outbreak of civil war, Libya was producing about 1 million bpd.  (AFP/File)
February 22nd, 2017 - 06:10 GMT

New deal with Russia's Rosneft brings hope for recovery of Libya's oil sector

Round 1 RFQ documents can be viewed, downloaded, and responded to via the government eProcurement portal. (Shutterstock)
February 22nd, 2017 - 05:16 GMT

Saudi Arabia opens pre-qualification bids for national renewable energy program

The delegation signed a twinning agreement between the city of Sharm El-Sheikh and an Italian city for the sake of turning Sharm El-Sheikh into the first digital economy city in the Middle East. (Shutterstock)
February 21st, 2017 - 12:30 GMT

Italian delegation tours Egypt, mulls establishment of Italian university branches

The largest of the 11 agreements is with Oman Investment Fund (OIF) for 73,367sq m of land in Jebel Akhdar, to build a resort. (Wikimedia Commons)
February 21st, 2017 - 11:30 GMT

Oman inks 11 agreements for new tourism development projects

The first two days of IDEX have led to an increasing number of deals with national and international companies alike. (Armyrecognition.com)
February 21st, 2017 - 10:30 GMT

IDEX 2017: Over $3B in arms deals made in first two days

Although the additional levies are already being charged on air freight and shipments, these are yet to be introduced on imports made via road. (Shutterstock)
February 21st, 2017 - 09:30 GMT

Oman: Higher customs levies to raise cost of imported goods

Saudi Arabia was the world's second-largest arms importer in the period 2012 to 2016, with an increase of 212 percent compared with 2007-2011. (File photo)
February 21st, 2017 - 08:30 GMT

Arms imports rise by 245 percent to Qatar, 212 percent to Saudi Arabia: SIPRI

The new merger, if agreed, would create an entity with total assets amounting to around QAR173bn ($48bn) and a market share of around 14 percent. (File photo)
February 21st, 2017 - 07:30 GMT

Proposed merger of Qatari bank trio would create country's second largest lender

Jordan’s recent economic measures also increased fees for five-year passports for citizens from JD20 to JD50. (Pinterest)
February 21st, 2017 - 06:38 GMT

Jordan hikes temporary passport fees for Gazans eightfold

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