Leading News Source For Middle East
Russian state-run energy company Rosneft has begun promotion of the Northern Sea Route through which it hopes to begin in 2024 its massive Vostok Oil project as the alternative to the Suez Canal which was closed to traffic for days Read more
Africa will have to wait a little longer to find out whether or not Nigeria’s Ngozi Okonjo-Iweala will be the next Director-General of the World Trade Organization (WTO). The organization, which is in charge of managing trade relations around the Read more
Saudi Arabia’s Petrochemical Company has entered into a deal with South Korea’s SK Gas to construct and operate two major petrochemical facilities; a propane dehydrogenation (PDH) and a poly propylene unit in the kingdom at an investment of $1.8 billion, Read more
Russia and Spain Tuesday lambasted fresh sanctions on Iran by the US, which is bullying countries to stop buying the Iranian oil. US President Donald Trump and his administration enacted Monday another tranche of sanctions against Iran targeting its oil Read more
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
The Israeli diplomacy recently received a blow after South Korea turned down Israel’s request for President Reuven Rivlin to visit the Asian country. Seoul, according to Israeli media Ynet news website, recently did not approve a request by the Israeli Read more
South Korea said Thursday it has sent a warship to Libya for military support in what looks like a mission to rescue a national abducted by gunmen early last month alongside three Filipino workers. In addition to “carrying out its Read more
South Korean company, Electric Power Corp (KEPCO), has been shortlisted to bid for Saudi Arabia’s nuclear plant construction, the South Korean energy ministry said in a statement. “We were informed by our Saudi counterpart, King Abdullah City for Atomic and Read more
The Iraqi ministry of defense has announced this week acquisition of two South Korea-manufactured warplanes as part of a 2013 deal for the delivery to 24 war jets to the Iraqi government. The two jets arrived in the Martyr Mohammed Read more
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