Middle-east Arab News Opinion | Asharq Al-awsat

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The South Korean and Chinese national flags fly alongside the company flag of Hyundai Motor Co at its plant in Beijing, China, August 30, 2017. Picture taken August 30, 2017. REUTERS/Thomas Peter

Hyundai Faces Supply Disruption in China Again

by Asharq Al-Awsat English | Sep 5, 2017 | Business

Hyundai Motor Co said it had banned production at one of its factories in China Tuesday after a supplier refused to supply parts due to delays in payment. This is its second such incident in weeks. Hyundai has seen in China sales slump as a result of the diplomatic...

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Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed

Aramco, Hyundai, Dussur to Make Engines and Pumps

by Asharq Al-Awsat | Jul 6, 2017 | Business

Dammam- Saudi Aramco, Dussur and Hyundai said they had signed a memorandum of understanding to make engines and pumps in the kingdom. In a joint statement, the three companies said the MoU stipulates that the mentioned parties cooperate in establishing a joint project...

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Hyundai Heavy Industries will build the first phase of the project, which comprises a 1,500 megawatt natural gas-fired power plant and seawater desalination plant (AFP).

Kuwait: $1.4 bn in financing for major power project

by Asharq Al-Awsat | Dec 15, 2013 | Business

Kuwait City, Reuters—Kuwait is set to secure 1.43 billion US dollars in financing from a consortium of banks for a power and desalination plant, one of the major projects in the Gulf Arab state’s development plan, National Bank of Kuwait (NBK) said. The Az-Zour...