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Seoul, Muharram 7, 1436, Oct 31, 2014, SPA -- The sessions of the first Saudi-Korean Business Forum titled "Bilateral Partnership for Strategic Strength" are concluded here today in presence of...

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Riyadh, September 17, SPA -- An official source at the Ministry of Defense and Aviation has issued the following statement:

"In line with the approval of the Custodian of the Two Holy Mosques, and with reference to what was earlier announced about signing an understanding document by the governments of the Kingdom of Saudi Arabia and the United Kingdom on 7/7/1427 AH, for the development of the Saudi Armed Forces within the framework of the existing close defense relations between the two countries and which include the purchase of 72 Typhoon planes in addition to transference of technology and investment in the field of defense industries in Saudi Arabia as well as training of Saudi citizens in the field of aviation, a contract was signed by the two governments on Tuesday, 29/8/1428 AH for purchase of the mentioned planes at a cost of 4, 430 million sterling pound.
It is worth mentioning that the price of one plane is similar to the price of the plane when it is sold to the Royal British Air forces.


--SPA
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 Royal Decrees  The Cabinet
Seoul, Muharram 7, 1436, Oct 31, 2014, SPA -- The sessions of the first Saudi-Korean Business Forum titled "Bilateral Partnership for Strategic Strength" are concluded here today in presence of Dr. Tawfiq bin Fawzan Al-Rabeeah, Minister of Commerce and Industry. During a three-day event, a...
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Seoul, Muharram 7, 1436, Oct 31, 2014, SPA -- More than 320 meetings between the representatives of the Saudi and Korean delegations and among the private companies of the two countries were held. During the forum, ten memoranda of understanding were signed and...
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Washington, Muharram 7, 1436, Oct 31, 2014, SPA -- U.S. stocks rose on Thursday as data showed the U.S. economy growing at a more rapid rate than expected last quarter. In U.S. economic news, the Commerce Department said that a smaller trade deficit and an increase in defense depending rose...
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