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.
More on GCC
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
