KSA: Ma’aden assigns Korea’s Daelim to build phosphate fertilizer processing plant for $892m

The Saudi Ma’aden (Arabian Mining Company) has picked South Korea’s Daelim Industrial Company to build the first plant of its phosphate complex (Phosphate 3) for a $892 million investment. The agreement signed between the two entities will tussle the kingdom Read more

UAE: Third homemade satellite moved to South Korea for launch

Emirates cargo service has been mobilized to move the country’s third locally made satellite to South Korea’s Incheon International airport for a planned launch. Satellite, KhalifaSat, manufactured at Mohammed Bin Rashid Space Centre, was shipped Thursday aboard Emirates SkyCargo Boeing Read more

Tunisia, UAE & Bahrain on EU’s Tax Heaven Blacklist

Tunisia, UAE and Bahrain have featured among the 17 countries included in the EU’s tax heaven blacklist. The EU’s financial minister drew up the list explaining that 47 countries were put on a “grey list” to be monitored until they Read more