This comes after the Israeli military announced the killing of Nasrallah, and said Israel is ready for wider escalation
Samsung said Dubai-based Nakheel cancelled the deal to build apartments, shopping malls and other commercial structures by October 2013.
“The cancellation came via unilateral notification by the contractor,” the firm, a unit of South Korea’s biggest business group, said in a statement.
The move is the second time in recent weeks that South Korean firms have seen a big Middle Eastern order cancelled.
Last month companies involved in deals worth a total of 6.3 billion dollars to build a refinery in Kuwait said they were told the contract had been scrapped.
This comes after the Israeli military announced the killing of Nasrallah, and said Israel is ready for wider escalation
The Islamic republic's supreme leader Ayatollah Ali Khameni has been transferred to a secure location, sources say
Haddad, a project to enhance security of the Emirates' water areas, is the first-of-its-kind in the region
A Dh50,000 fine was also imposed on the impounded vehicles
Both Israeli and US media reported that Hezbollah's leader Hassan Nasrallah was the target
The event will spotlight 104 young golfers aged 11 to 18, all eager to showcase their skills on the newly enhanced back nine at Arabian Ranches
This comes after Israel military claimed on Saturday that it killed the militant group's chief
No casualties were reported and employees were sent home for the day