• North Korean leader Kim Jong-un waves at Russian President Vladimir Putin's plane as it leaves Pyongyang. Reuters
    North Korean leader Kim Jong-un waves at Russian President Vladimir Putin's plane as it leaves Pyongyang. Reuters
  • Mr Putin visits the Church of the Holy Life-Giving Trinity, in Pyongyang. EPA
    Mr Putin visits the Church of the Holy Life-Giving Trinity, in Pyongyang. EPA
  • Mr Putin and Mr Kim wave during the official welcome ceremony at the Kim Il-sung Square in Pyongyang. AP
    Mr Putin and Mr Kim wave during the official welcome ceremony at the Kim Il-sung Square in Pyongyang. AP
  • Mr Putin and Mr Kim ride in a car in Pyongyang. Reuters
    Mr Putin and Mr Kim ride in a car in Pyongyang. Reuters
  • Mr Putin is presented with a gift by Mr Kim during his state visit. Reuters
    Mr Putin is presented with a gift by Mr Kim during his state visit. Reuters
  • Mr Putin is welcomed by Mr Kim as he disembarks. Korean Central News Agency / Reuters
    Mr Putin is welcomed by Mr Kim as he disembarks. Korean Central News Agency / Reuters
  • Mr Putin embraces his North Korean host. EPA / Sputnik / Kremlin pool
    Mr Putin embraces his North Korean host. EPA / Sputnik / Kremlin pool
  • Mr Putin and Mr Kim share a laugh. Korean Central News Agency / Reuters
    Mr Putin and Mr Kim share a laugh. Korean Central News Agency / Reuters
  • Mr Putin walks ahead as Mr Kim shakes hands with members of the Russian delegation. AP / Kremin pool
    Mr Putin walks ahead as Mr Kim shakes hands with members of the Russian delegation. AP / Kremin pool
  • Mr Putin is welcomed with flowers as Mr Kim watches on. EPA / Sputnik / Kremlin pool
    Mr Putin is welcomed with flowers as Mr Kim watches on. EPA / Sputnik / Kremlin pool
  • A North Korean motorcade takes Mr Kim and Mr Putin from the airport. EPA / Sputnik / Kremlin pool
    A North Korean motorcade takes Mr Kim and Mr Putin from the airport. EPA / Sputnik / Kremlin pool
  • Mr Putin and Mr Kim arrive for their talks. EPA / Sputnik / Kremlin pool
    Mr Putin and Mr Kim arrive for their talks. EPA / Sputnik / Kremlin pool
  • Mr Kim and Mr Putin show their colours in Pyongyang. EPA / Sputnik / Kremlin pool
    Mr Kim and Mr Putin show their colours in Pyongyang. EPA / Sputnik / Kremlin pool
  • North Koreans at a welcoming ceremony for Mr Putin in Pyongyang. EPA / Sputnik
    North Koreans at a welcoming ceremony for Mr Putin in Pyongyang. EPA / Sputnik
  • Children greet Mr Putin at the ceremony. EPA / Sputnik
    Children greet Mr Putin at the ceremony. EPA / Sputnik
  • Celebratory balloons met Mr Putin during his welcoming ceremony. EPA / Sputnik
    Celebratory balloons met Mr Putin during his welcoming ceremony. EPA / Sputnik
  • Mr Putin and Mr Kim attend a wreath-laying ceremony at Liberation Monument in Pyongyang. EPA / Sputnik
    Mr Putin and Mr Kim attend a wreath-laying ceremony at Liberation Monument in Pyongyang. EPA / Sputnik
  • Mr Putin presents a luxury car made by Russian maker Aurus to Mr Kim. EPA / Sputnik / Kremlin pool
    Mr Putin presents a luxury car made by Russian maker Aurus to Mr Kim. EPA / Sputnik / Kremlin pool
  • Mr Putin and Mr Kim after their talks in Pyongyang. AP / Sputnik
    Mr Putin and Mr Kim after their talks in Pyongyang. AP / Sputnik
  • Mr Kim and Mr Putin attend a gala concert in Pyongyang. AP / Sputnik
    Mr Kim and Mr Putin attend a gala concert in Pyongyang. AP / Sputnik
  • Mr Putin and Mr Kim lead their delegations in talks on June 19. AP / Sputnik
    Mr Putin and Mr Kim lead their delegations in talks on June 19. AP / Sputnik

Vladimir Putin agrees mutual defence deal with Kim Jong-un on North Korea visit


Soraya Ebrahimi
  • English
  • Arabic

Russian President Vladimir Putin and North Korea's Kim Jong-un have signed a deal that includes a mutual defence pledge, marking one of Russia's most significant moves in Asia for years.

The pledge, agreed on Wednesday, overhauls the previous post-Soviet policy on North Korea at a time when the United States and its Asian allies try to gauge how far Russia would go to support the only country to have tested a nuclear weapon this century.

Mr Putin compared Russia's deepening of ties with North Korea to the West's growing support for Ukraine and said Moscow could develop military and technical co-operation with Pyongyang.

Following talks during Mr Putin's first visit to Pyongyang in 24 years, they signed a "comprehensive strategic partnership" pact, which Mr Putin said included a mutual defence clause in the case of aggression against either country.

"The comprehensive partnership agreement signed today provides, among other things, for mutual assistance in the event of aggression against one of the parties to this agreement," Mr Putin said.

He said western deliveries of advanced, long-range weaponry, including F-16 fighters to Ukraine for strikes against Russia, breached major agreements.

"In connection with this, Russia does not exclude for itself the development of military-technical co-operation with the Democratic People's Republic of Korea," Mr Putin said.

Mr Kim praised Russia for making what he cast as an enormously significant strategic move to support North Korea, which was founded in 1948 with the Soviet Union's backing.

Depending on the exact wording of the pact, which was not released, it could be a dramatic shift in the strategic balance in north-east Asia by placing Russia's heft behind North Korea - which faces South Korea, backed by the United States, across the heavily fortified demilitarised zone (DMZ).

While North Korea has a defence treaty with China, it does not have active military collaboration with Beijing like it has developed with Russia over the past year. North Korea also signed a 1961 treaty with the Soviet Union that included promises of mutual support in the event of an attack.

China, the north's main political and economic benefactor, had no immediate response.

Vladimir Putin's inauguration ceremony - in pictures

  • Russian President Vladimir Putin gives a speech during his inauguration ceremony at the Kremlin in Moscow. AFP
    Russian President Vladimir Putin gives a speech during his inauguration ceremony at the Kremlin in Moscow. AFP
  • Mr Putin was inaugurated for his fourth term as Russia's leader. Reuters
    Mr Putin was inaugurated for his fourth term as Russia's leader. Reuters
  • Soldiers carry the Russian national flag and the Standard of the President of the Russian Federation into the Kremlin's ornately decorated Andreyevsky Hall. AFP
    Soldiers carry the Russian national flag and the Standard of the President of the Russian Federation into the Kremlin's ornately decorated Andreyevsky Hall. AFP
  • Russia's Defence Minister Sergei Shoigu, right, and Prime Minister Mikhail Mishustin in attendance. AFP
    Russia's Defence Minister Sergei Shoigu, right, and Prime Minister Mikhail Mishustin in attendance. AFP
  • Military officers involved in Russia's campaign in Ukraine wait before the ceremony. Reuters
    Military officers involved in Russia's campaign in Ukraine wait before the ceremony. Reuters
  • Presidential regiment guards carry a gold-embossed copy of the Russian Constitution and the presidential chain of office. AP
    Presidential regiment guards carry a gold-embossed copy of the Russian Constitution and the presidential chain of office. AP
  • The Hero of Russia star and the Orders of Courage medals on a participant's uniform. AFP
    The Hero of Russia star and the Orders of Courage medals on a participant's uniform. AFP
  • American action-movie actor Steven Seagal arrives. AP
    American action-movie actor Steven Seagal arrives. AP

Mr Putin's courting of Mr Kim, which has included gifts of limousines and a tour of Russia's new space launch centre, has alarmed the United States and its Asian allies.

"Deepening co-operation between Russia and the DPRK is a trend that should be of great concern to anyone interested in maintaining peace and stability on the Korean Peninsula, upholding the global non-proliferation regime, abiding by UN Security Council resolutions, and supporting the people of Ukraine," a spokesperson for the US State Department said.

Mr Putin accused the United States, South Korea and Japan of raising tensions on the Korean peninsula and said North Korea had a right to strengthen its own defences.

Mr Kim said the pact would expand co-operation in politics, economy and defence, calling it "strictly peace-loving and defensive" in nature.

"Our two countries' relations have been elevated to the new higher level of an alliance," Mr Kim said.

At the start of their summit, Mr Kim expressed "unconditional support" for "all of Russia's policies", including "a full support and firm alliance" for Mr Putin's war with Ukraine.

Mr Putin said Moscow was fighting the hegemonic, imperialist policy of the United States and its allies, Russian media reported.

"We highly appreciate your consistent and unwavering support for Russian policy, including in the Ukrainian direction," Mr Putin said.

North Korea "expresses full support and solidarity to the Russian government, army and people in carrying out a special military operation in Ukraine to protect sovereignty, security interests, as well as territorial integrity", Mr Kim told Mr Putin.

On his arrival in North Korea, Mr Putin was greeted by cheering crowds lining the streets of Pyongyang, along with children waving Russian flags and a military salute. Mr Kim, 40, greeted Mr Putin at the airport.

After talks, Mr Putin drove Mr Kim around in a luxury Russian limousine. They then switched places and Mr Kim drove Mr Putin. Later, they watched a concert together.

An honour guard, including mounted soldiers, and a large crowd of civilians gathered at the Kim Il Sung Square by the Taedong River running through the capital.

The scene included children holding balloons and giant portraits of the two leaders with national flags adorning the square's main building.

Russia has used its warming ties with North Korea to needle Washington, while heavily sanctioned North Korea has won political backing and promises of economic support and trade from Moscow.

The United States and its allies say they fear Russia could provide aid for North Korea's missile and nuclear programmes, which are banned by UN Security Council resolutions, and have accused Pyongyang of providing ballistic missiles and artillery shells that Russia has used in its war in Ukraine.

Moscow and Pyongyang have denied weapon transfers.

How to avoid crypto fraud
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COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

THE BIO

Favourite place to go to in the UAE: The desert sand dunes, just after some rain

Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude

Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE

Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally

Favourite subjects in school: Mathematics and science

Company profile

Company name: Dharma

Date started: 2018

Founders: Charaf El Mansouri, Nisma Benani, Leah Howe

Based: Abu Dhabi

Sector: TravelTech

Funding stage: Pre-series A 

Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs

AWARDS
%3Cp%3E%3Cstrong%3EBest%20Male%20black%20belt%3A%20%3C%2Fstrong%3ELucas%20Protasio%20(BRA)%3Cbr%3E%3Cstrong%3EBest%20female%20black%20belt%3A%20%3C%2Fstrong%3EJulia%20Alves%20(BRA)%3Cbr%3E%3Cstrong%3EBest%20Masters%20black%20belt%3A%3C%2Fstrong%3E%20Igor%20Silva%20(BRA)%3Cbr%3E%3Cstrong%3EBest%20Asian%20Jiu-Jitsu%20Federation%3A%3C%2Fstrong%3E%20Kazakhstan%3Cbr%3E%3Cstrong%3EBest%20Academy%20in%20UAE%3A%20%3C%2Fstrong%3ECommando%20Group%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EBest%20International%20Academy%3A%3C%2Fstrong%3E%20Commando%20Group%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EAfrican%20Player%20of%20the%20Year%3A%20%3C%2Fstrong%3EKatiuscia%20Yasmira%20Dias%20(GNB)%3Cbr%3E%3Cstrong%3EOceanian%20Player%20of%20the%20Year%3A%20%3C%2Fstrong%3EAnton%20Minenko%20(AUS)%3Cbr%3E%3Cstrong%3EEuropean%20Player%20of%20the%20Year%3A%3C%2Fstrong%3E%20Rose%20El%20Sharouni%20(NED)%3Cbr%3E%3Cstrong%3ENorth%20and%20Central%20American%20Player%20of%20the%20Year%3A%20%3C%2Fstrong%3EAlexa%20Yanes%20(USA)%3Cbr%3E%3Cstrong%3EAsian%20Player%20of%20the%20Year%3A%20%3C%2Fstrong%3EZayed%20Al%20Katheeri%20(UAE)%3Cbr%3E%3Cstrong%3ERookie%20of%20the%20Year%3A%3C%2Fstrong%3E%20Rui%20Neto%20(BRA)Rui%20Neto%20(BRA)%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The bio

Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home

While you're here
Last five meetings

2013: South Korea 0-2 Brazil

2002: South Korea 2-3 Brazil

1999: South Korea 1-0 Brazil

1997: South Korea 1-2 Brazil

1995: South Korea 0-1 Brazil

Note: All friendlies

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

ROUTE%20TO%20TITLE
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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

DUBAI%20BLING%3A%20EPISODE%201
%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3ENetflix%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EKris%20Fade%2C%20Ebraheem%20Al%20Samadi%2C%20Zeina%20Khoury%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
Temple numbers

Expected completion: 2022

Height: 24 meters

Ground floor banquet hall: 370 square metres to accommodate about 750 people

Ground floor multipurpose hall: 92 square metres for up to 200 people

First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time

First floor terrace areas: 2,30 square metres  

Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press

England Test squad

Ben Stokes (captain), Joe Root, James Anderson, Jonny Bairstow, Stuart Broad, Harry Brook, Zak Crawley, Ben Foakes, Jack Leach, Alex Lees, Craig Overton, Ollie Pope, Matthew Potts

 
ALRAWABI%20SCHOOL%20FOR%20GIRLS
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Points about the fast fashion industry Celine Hajjar wants everyone to know
  • Fast fashion is responsible for up to 10 per cent of global carbon emissions
  • Fast fashion is responsible for 24 per cent of the world's insecticides
  • Synthetic fibres that make up the average garment can take hundreds of years to biodegrade
  • Fast fashion labour workers make 80 per cent less than the required salary to live
  • 27 million fast fashion workers worldwide suffer from work-related illnesses and diseases
  • Hundreds of thousands of fast fashion labourers work without rights or protection and 80 per cent of them are women
The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

Punchy appearance

Roars of support buoyed Mr Johnson in an extremely confident and combative appearance

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Updated: June 20, 2024, 6:03 AM