Friday 27 February 2015
 
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Korea

Saudi PIF to buy stake in Posco construction unit for $1.36bn

South Korean steelmaker Posco has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported. Posc

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Abu Dhabi signs technology tie-up with Korea

The Abu Dhabi Technology Development Committee (TDC) has signed a Memorandum of Understanding (MoU) with the Ministry of Science, ICT and Future Planning of Korea to promote cooperation in the fields of science and technology. The

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Abu Dhabi signs technology tie-up with Korea

The Abu Dhabi Technology Development Committee (TDC) has signed a Memorandum of Understanding (MoU) with the Ministry of Science, ICT and Future Planning of Korea to promote cooperation in the fields of science and technology. The

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Saudi SPF to install hitech production lines

Sandwich Panel Factory (SPF), a major manufacturer of expanded polyurethane foam of sandwich panel in Jeddah, Saudi Arabia, is planning to boost its production capacity by installing hitech production lines from Korea and Italy. A

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After turbulent 2014, next year may be no calmer

From financial crisis in Russia to cyber warfare with North Korea, 2014 has generated new flashpoints right into its final days, setting 2015 up to be just as turbulent. Almost all of the major confrontations, such as the battle w

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Everest in key switchboard test success

Bahrain-based Everest Electrical said it has successfully completed the testing of its switchboard brand -Evertech MDB systems - manufactured using components from the South Korea-based firm LSIS. The full type tests were conducte

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Everest in key switchboard test success

Bahrain-based Everest Electrical said it has successfully completed the testing of its switchboard brand -Evertech MDB systems - manufactured using components from the South Korea-based firm LSIS. The full type tests were conducte

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South Korea makes $500m oil payment to Iran

South Korea has transferred $500 million to Iran to pay for crude oil imports under an interim nuclear deal that provides limited relief from sanctions, two sources with direct knowledge of the matter said.   The

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New delays hit $7bn Aramco refinery project

A contract disagreement between Saudi Aramco and South Korea's SK Engineering & Construction is delaying construction of a 400,000-barrel-per-day oil refinery in Jizan in southwest Saudi Arabia, industry sources said. Desp

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Row with Korean builder hits refinery project

A contract disagreement between Saudi Aramco and South Korea's SK Engineering & Construction (SK E&C) is delaying construction of a 400,000-barrel-per-day (bpd) oil refinery in Jizan in southwest Saudi Arabia, industry sources said.

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