As the power struggle between the U.S. and China continues, recent moves by Middle Eastern countries, long-standing allies and the largest weapon importers from the U.S., are noteworthy.According to industry sources and foreign media on Sept. 9, Saudi Arabia, Qatar, Kuwait, and the United Arab Emira
The United Arab Emirates (UAE), which pledged US$30 billion in investment in Korea during a bilateral summit in January, has set out to make that investment in Korea. It is reviewing investment opportunities worth US$2 billion in Korea, focusing on priority investment cooperation areas such as energ
The South Korean government announced on Jan. 15 that the UAE decided to invest US$30 billion in South Korea, mainly in the fields of nuclear power generation, energy, national defense and future industries.South Korean President Yoon Suk-yeol is currently staying in the UAE along with the heads of
SK Group has announced its cooperation with Mubadala, a sovereign wealth fund in the United Arab Emirates (UAE), to overcome the climate change crisis.To this end, SK signed a memorandum of understanding (MOU) with Mubadala at the Presidential Palace in Abu Dhabi, UAE on Jan. 15 (local time) on the
The Embassy of the United Arab Emirates (UAE) has set out to actively encourage Korean SMEs, non-profit organizations and high schools to apply for the Zayed Sustainability Prize.The Zayed Sustainability Award, launched in 2008, was inspired by the sustainability and humanitarian legacy of the late
South Korea will be banned from importing Iranian oil as the United States will no longer grant sanctions waivers to the eight countries, including Korea, that have been allowed to import Iranian crude.The Washington Post reported on April 21 (local time) that U.S. Secretary of State Mike Pompeo wil
GlobalFoundries (GF) said on March 14 that neither the company itself nor its Fab 7 in Singapore are put up for sale.In a statement, the world’s third largest semiconductor foundry said, “Rumors and speculation about the sale of GlobalFoundries’ Fab 7 in Singapore are false. Fab 7 is not for sale an
GlobalFoundries, the world's third-largest semiconductor foundry, is looking for a buyer for its 300 mm fab (Fab 7) in Woodland, Singapore, Taiwan's Digitimes has reported. The report came in less than two months after the U.S. foundry signed a contract to sell its Fab 3E in Singapore to Van
A drone flew over Mohamed bin Zayed Al-Nahyan, the crown prince of the UAE who visited Samsung Electronics' semiconductor plant in Hwaseong, Gyeonggi Province, on Feb. 26. The drone took a three-dimensional video of the entire plant. The video was delivered to the virtual reality (VR) device wor
Crown Prince Sheikh Mohammed bin Zayed Al Nahyan of Abu Dhabi, the United Arab Emirates (UAE) will visit Korea on Feb. 26 and take a tour of Samsung Electronics factories.The crown prince is scheduled to visit Samsung Electronics’s factory in Suwon and its semiconductor plant in Hwaseong in Gyeonggi
Lee Jae-yong, vice chairman of Samsung Electronics, has met with movers and shakers of the Middle East, including the crown prince of Abu Dhabi, to discuss how to promote cooperation in the IT sector.Lee met with Crown Prince Mohammed bin Zayed bin Sultan Al Nahyan of Abu Dhabi in the UAE on Feb. 11
According to the Cheong Wa Dae (Presidential Office) on March 27, President Moon Jae-in met with key UAE ministers after his March 25 summit meeting with Crown Prince Mohammed bin Zayed.The ministers proposed a new joint oil and gas development project worth approximately US$25 billion. According to
South Korean President Moon Jae-in and UAE Crown Prince Mohammed Bin Zayed had a one-hour summit meeting on March 25, promising to work more closely together in the fields of defense and nuclear power generation.“Although there were some issues regarding the previously signed MOU for cooperation in
Chief Presidential Secretary Lim Jong-seok and Khaldoon Khalifa Al Mubarak, Chairman of the Abu Dhabi Executive Affairs Authority, met with each other in Seoul on January 9. According to them, South Korea and the UAE are going to communicate more with each other, for even closer bilateral relations,
As the United Arab Emirates (UAE) unexpectedly made a largest ever investment in the South Korean stock market in November last year, much attention has been given to what is behind it. The Middle East nation might have suddenly become attracted to domestic stocks. However, it is considered exceptio
It has been found that Khadoon Khalifa al-Mubarak, chairman of the Emirates Nuclear Energy Corporation (ENEC) of the UAE in charge of the construction project for the Baraka Nuclear Power Plant which Korea landed, was present in a meeting between Lim Jong-seok, chief presidential secretary of Korea
The 36th Big 5 International Building & Construction Show (www.thebig5.ae) is a 3-day event being held from Nov. 23 to 25, 2015 at the Dubai World trade Centre in Dubai, the United Arab Emirates.A report titled “GCC Construction Industry – Trends and Challenges for 2015,” says that the value of the
South Korea is looking to launch a new halal food agency. To advance into one of the biggest food markets in the world, the Korean government took the first step of a recent MOU between Korea and the United Arab Emirates. And based on this MOU, the Ministry of Agriculture, Food and Rural Affairs tod
South Korea and the U.A.E. agreed on Thursday to upgrade bilateral relations by expanding their mutual partnership. At the summit, President Park Geun-hye and Sheikh Mohammed bin Zayed Al-Nahyan, crown prince of Abu Dhabi, observed the signing of six memoranda of understanding (MOU).One of the MOUs
President Park Geun-hye met with Abu Dhabi's crown prince, Sheikh Mohammed bin Zayed Al-Nahyan, on Thursday in the United Arab Emirates, her third destination of four in the Middle East.At the summit, President Park and the crown prince observed the signing of six Memoranda of Understanding to upgra