Iran and Saudi Arabia, competitors in Middle East politics and global oil markets, have this week stepped up campaigns to win tens of billions of dollars of foreign investment. Riyadh successfully raised $17.5bn in its first sovereign bond issue. The IMF said…
Day: October 21, 2016
South Korea gets operations contract for UAE nuclear power plant
Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco) yesterday signed a joint-venture agreement for the operation of the UAE’s Barakah nuclear power plant which is due to start producing electricity next year. It will be the first nuclear…