International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
UAE buys South Korean assault rifles
The deal is worth an estimated $560,000.
May 28, 2010 9:23 by Rasha Reslan
The UAE will become South Korea’s first foreign buyer of K11 semi-automatic rifles, in a deal to purchase 40 of the airburst rifles, worth a reported $560,000,the National said Friday.
On an official state visit to South Korea this week, Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi visited the nuclear facilities of Korea Electric Power Company (KEPCO). In December, Kepco won a $2 billion nuclear power plant construction deal to build four nuclear reactors in Abu Dhabi. During his visit to the KEPCO site, Sheikh Zayed noted the urgency of developing “alternative sources of clean, efficient and safe energy to serve the needs of continuing development,” the National said.
Following the KEPCO deal in December, analysts are watching for signs of deepening economic and strategic cooperation between the two nations.