Dubai Eye 103.8

On Air Now
Starting up with Virtuzone
10:00am - 11:00am

Listen To Dubai Eye

Defence, energy deals among several signed between UAE, South Korea

Sunday, 15 January 2023 18:06

By ARN News Staff

WAM

The UAE and South Korea will expand economic cooperation in a number of sectors, including nuclear power, defence, hydrogen and solar energy industries, among others.

It comes as South Korea's President Yoon Suk-yeol held talks with UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi, during a four-day state visit.

During the summit, the two countries also signed 13 memorandums of understanding, including an agreement between the state-run Korea Development Bank and the Abu Dhabi state fund Mubadala to cooperate for investment in South Korean companies.

Both sides also amended a space deal that was signed between the two countries in 2017.

Decision to collaborate in fields like transport, crude oil storage, cargo and carbon neutrality were also sealed.

More from Business

Saudi Aramco resumes oil loading at Ras Tanura after 4-month halt

Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed.
Summer Davos ends with call to boost innovation and growth

Global leaders have called for greater investment in innovation, skills and technology to drive economic growth as the World Economic Forum's Annual Meeting of the New Champions concluded in Dalian, China.
ADNOC and partners to develop mega gas project

Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has awarded the concession for the development and production of the Bab Gas Cap project to ADNOC and a group of international energy partners.
Bank fined AED 20 million for repeated regulatory failures

The UAE Central Bank (CBUAE) has fined a branch of a foreign bank AED 20 million for repeated failures in its anti-money laundering and counter-terrorism financing controls.
UAE announces Retail T-Sukuk subscription details

The Ministry of Finance has announced the subscription period for the UAE’s first-ever Sovereign Retail T-Sukuk Programme, offering individual investors a new government-backed investment opportunity that complies with Islamic Shariah principles.

Coming Up on Dubai Eye

The Agenda
11:00am - 1:00pm

Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
Afternoons with Helen Farmer
1:00pm - 4:00pm

Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!