[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

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• 2026.10.22 13:40
• [The trading volume of carbon emissions trading in China has exceeded 1 billion tons]
• On October 21, 2026, Vice Minister of Ecology and Environment Li Gao announced at a press conference held by the State Council Information Office that the national carbon emission trading market has been online for more than five years, and has built the world's largest carbon emission trading market. Currently, the controlled carbon dioxide emissions are about 8.3 billion tons, accounting for more than 65% of the total national carbon dioxide emissions. Recently, the cumulative trading volume of quotas has exceeded 1 billion tons. Editor/Cheng Liting

• 2026.10.22 13:39
• [The total electricity consumption in September increased by 1.2% year-on-year]
• In September 2026, the total electricity consumption of the society reached 899.7 billion kilowatt hours, a year-on-year increase of 1.2%. From January to September, the total electricity consumption of the whole society reached 807.34 billion kilowatt hours, a year-on-year increase of 3.9%. Editor/Cheng Liting