North Korea shows first photos of banned uranium enrichment site
North Korea for the first time showed images of the centrifuges that produce fuel for its nuclear bombs on Friday, as leader Kim Jong Un visited a uranium enrichment facility and called for more weapons-grade material to boost the arsenal, Reuters reported.The state media report on Kim's visit to the...
Korea’s H2O sets up base in Abu Dhabi
It will collaborate with Abu Dhabi Investment Office.
Qatar Chamber discusses ways to boost ties with Korean companies
Doha, Qatar--The Qatar Chamber (QC) discussed ways to enhance cooperation and exchange expertise with Korean companies in agriculture and food security.The issues were discussed in a meeting with a Korean delegation representing from the Hyundai Research Institute (HRI).The meeting was attended by QC board member and Chair of Food Security...
UAE, South Korea look to deepen collaboration in water sector
Dubai, UAE-- The UAE and South Korea Korea are looking to boost ties in the water sector and in this regard the Ministry of Energy and Infrastructure (MoEI) received a delegation from Korea’s Ministry of Environment to discuss the latest developments and share experiences in the sector.As part of the...
Saudi PIF secures $5 billion financing in collaboration with K-SURE
Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) have announced the signing of a financing agreement through which PIF has raised a term loan from a syndicate of nine top international lenders that will be covered by K-SURE. The financing carries a door-to-door...
DMCC posts record Q1 growth as 708 firms register
A total of 3049 new companies joined DMCC in 2022.UAE, Korea discuss partnership in renewable energy, technology
The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.
Saudi Crown Prince begins Asian tour amid row with Washington
Mohammed bin Salman left Monday for the Group of 20 summit in Bali, Indonesia. The official Saudi Press Agency said the trip would include "a number of Asian countries", though officials have not yet confirmed details of the itinerary.FANR highlights its robust nuclear safeguards regime
UAE's Federal Authority for Nuclear Regulation (FANR) has recently participated in the 14th Symposium on "International Safeguards: Reflecting on the Past and Anticipating the Future", hosted by the International Atomic Energy Agency (IAEA) at its headquarters in Vienna.
Saudi Arabia imports more cars in H1 than in whole of last year
Saudi ports have witnessed a growth in car imports during the first quarter of 2022, amid an increase in cargo throughput tonnage, official statistics showed in April.
South Korea wins $2.2bn order in Egypt’s first nuclear plant
The Korea Hydro & Nuclear Power Co. won a contract with Russia’s state-owned Rosatom in the project. The state-owned Korean company, which was selected as the sole bidder in December 2021, will construct the main and auxiliary buildings and structures of the turbine islands for the units between 2023 and...
UAE, Korea discuss cooperation in food security, health, technology
Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million.
GCC, Korea discuss intra-trade during FTA talks
The two sides launched their negotiations on June 6, during which they discussed many topics aimed at enhancing investments between the two sides.
Saudi PIF joins tripartite pact to produce green hydrogen for export
Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, POSCO and Samsung C&T signed here today a tripartite memorandum of understanding aimed at developing a project to produce green hydrogen for export. The event took place on the sidelines of the Saudi-Korean Investment Forum, which was held in Riyadh.
OECD nations to ban export credits for coal power
With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations that don't have systems that trap the carbon emissions responsible for global warming.
Dubai-Korea relations strengthen with $882m bilateral trade in Q1
Imports had the lion’s share at AED2.551 billion, followed by exports at AED549.782 million, and re-exports at AED137.473 million, Ahmed Mahboob Musabih, Director General of Dubai Customs, said.
