UAE, South Korea ‘reach $3.5 billion missile deal’

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Al-Araby

The United Arab Emirates reportedly reached a preliminary multibillion-dollar deal to buy South Korean surface-to-air missiles on Sunday, during a trip to the Gulf nation by the president of South Korea, who also pledged deeper cooperation with Abu Dhabi. After South Korean President Moon Jae-in met Emirati Prime Minister Sheikh Mohammed bin Rashid Al Maktoum in Dubai, the countries signed a memorandum of understanding for the UAE’s purchase of a South Korean mid-range missile defense system valued at some $3.5 billion, South Korea’s Yonhap news agency reported. There were no further details o…

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