• President Sheikh Mohamed and South Korean President Yoon Suk Yeol attend a state visit reception at Qasr Al Watan on Sunday, January 15. All photos: UAE Presidential Court
    President Sheikh Mohamed and South Korean President Yoon Suk Yeol attend a state visit reception at Qasr Al Watan on Sunday, January 15. All photos: UAE Presidential Court
  • Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and managing director and group chief executive of Adnoc, and Changyang Lee, Minister of Trade, Industry and Energy of South Korea exchange an agreement
    Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and managing director and group chief executive of Adnoc, and Changyang Lee, Minister of Trade, Industry and Energy of South Korea exchange an agreement
  • Tareq Al Hosani, board member of Taqa, and a South Korean counterpart exchange an agreement
    Tareq Al Hosani, board member of Taqa, and a South Korean counterpart exchange an agreement
  • Sheikh Mohamed with Mr Yoon
    Sheikh Mohamed with Mr Yoon
  • Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court, Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, Sheikh Hamdan bin Mohamed bin Zayed and Sheikh Hamed bin Zayed, Managing Director of Abu Dhabi Investment Authority and Abu Dhabi Executive Council member at Qasr Al Watan
    Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court, Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, Sheikh Hamdan bin Mohamed bin Zayed and Sheikh Hamed bin Zayed, Managing Director of Abu Dhabi Investment Authority and Abu Dhabi Executive Council member at Qasr Al Watan
  • Sheikh Mohamed receives Mr Yoon and First Lady Kim Keon-hee
    Sheikh Mohamed receives Mr Yoon and First Lady Kim Keon-hee
  • Sheikh Mohamed with Mr Yoon.
    Sheikh Mohamed with Mr Yoon.
  • Sheikh Mohamed and Mr Yoon with senior officials, including Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of Adnoc, Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, Sarah Al Amiri, UAE Minister of State for Public Education and Advanced Technology, and Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade
    Sheikh Mohamed and Mr Yoon with senior officials, including Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of Adnoc, Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, Sarah Al Amiri, UAE Minister of State for Public Education and Advanced Technology, and Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade
  • Sheikh Mohamed greets a member of Al Forsan aerobatic team
    Sheikh Mohamed greets a member of Al Forsan aerobatic team
  • Sheikh Mohamed, Mr Yoon and Ms Kim with members of Al Forsan aerobatic team
    Sheikh Mohamed, Mr Yoon and Ms Kim with members of Al Forsan aerobatic team
  • Sheikh Mohamed, Mr Yoon and Ms Kim
    Sheikh Mohamed, Mr Yoon and Ms Kim
  • Sheikh Mohamed greets members of the South Korean delegation
    Sheikh Mohamed greets members of the South Korean delegation
  • Mr Yoon signs the guest book
    Mr Yoon signs the guest book
  • Singers and musicians participate in a cultural show
    Singers and musicians participate in a cultural show
  • Sheikh Mohamed, Mr Yoon and Ms Kim Keon Hee stand for the national anthem
    Sheikh Mohamed, Mr Yoon and Ms Kim Keon Hee stand for the national anthem
  • Sheikh Mohamed, Mr Yoon and Ms Kim stand for the national anthem
    Sheikh Mohamed, Mr Yoon and Ms Kim stand for the national anthem
  • The UAE's Armed Forces Honour Guard at the state visit reception for Mr Yoon
    The UAE's Armed Forces Honour Guard at the state visit reception for Mr Yoon
  • Traditional dancers at the reception
    Traditional dancers at the reception
  • Mr Yoon is on a four-day official visit
    Mr Yoon is on a four-day official visit
  • Camel riders welcome the vehicle escorting Mr Yoon
    Camel riders welcome the vehicle escorting Mr Yoon
  • UAE Armed Forces perform a 21-gun salute
    UAE Armed Forces perform a 21-gun salute
  • The Al Forsan aerobatic team perform a fly-by for the arrival of Mr Yoon
    The Al Forsan aerobatic team perform a fly-by for the arrival of Mr Yoon
  • Sheikh Mohamed and Mr Yoon will explore ways to bolster co-operation in line with their strategic partnership
    Sheikh Mohamed and Mr Yoon will explore ways to bolster co-operation in line with their strategic partnership
  • Sheikh Mohamed receives Mr Yoon and Ms Kim at Qasr Al Watan
    Sheikh Mohamed receives Mr Yoon and Ms Kim at Qasr Al Watan
  • Sheikh Mohamed greets Ms Kim
    Sheikh Mohamed greets Ms Kim
  • Sheikh Mohamed receives Mr Yoon
    Sheikh Mohamed receives Mr Yoon
  • Mr Yoon greets schoolchildren
    Mr Yoon greets schoolchildren
  • Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, receives Mr Yoon
    Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, receives Mr Yoon
  • Sheikh Abdullah receives Mr Yoon and the first lady at the Presidential Airport in Abu Dhabi. Sheikh Abdullah is accompanied by Khaldoon Al Mubarak, member of the Abu Dhabi Executive Council, chairman of the Executive Affairs Authority and managing director and group chief executive of Mubadala Investment Company
    Sheikh Abdullah receives Mr Yoon and the first lady at the Presidential Airport in Abu Dhabi. Sheikh Abdullah is accompanied by Khaldoon Al Mubarak, member of the Abu Dhabi Executive Council, chairman of the Executive Affairs Authority and managing director and group chief executive of Mubadala Investment Company
  • Mr Yoon arrived in Abu Dhabi on Saturday
    Mr Yoon arrived in Abu Dhabi on Saturday
  • His visit will formally begin on Sunday, state news agency Wam reported
    His visit will formally begin on Sunday, state news agency Wam reported
  • Noura Al Kaabi, Minister of Culture and Youth, greets the South Korean President after his arrival at the airport in Abu Dhabi. In the background is Suhail Al Mazrouei, Minister of Energy and Infrastructure
    Noura Al Kaabi, Minister of Culture and Youth, greets the South Korean President after his arrival at the airport in Abu Dhabi. In the background is Suhail Al Mazrouei, Minister of Energy and Infrastructure
  • Sheikh Abdullah, Mr Yoon and Ms Kim with Mr Al Mazrouei, Ms Al Kaabi, Mr Al Mubarak and other officials
    Sheikh Abdullah, Mr Yoon and Ms Kim with Mr Al Mazrouei, Ms Al Kaabi, Mr Al Mubarak and other officials
  • Mr Al Mazrouei welcomes Mr Yoon
    Mr Al Mazrouei welcomes Mr Yoon
  • Abdullah Al Nuaimi, UAE Ambassador to the Republic of South Korea, chats with Mr Yoon
    Abdullah Al Nuaimi, UAE Ambassador to the Republic of South Korea, chats with Mr Yoon
  • The South Korean leader will meet a number of state officials and visit development projects during the trip, Wam said
    The South Korean leader will meet a number of state officials and visit development projects during the trip, Wam said

South Korea's Yoon Suk Yeol meets President Sheikh Mohamed in Abu Dhabi during state visit


  • English
  • Arabic

South Korean President Yoon Suk Yeol was welcomed to Abu Dhabi by President Sheikh Mohamed as he embarked on a four-day visit.

He was accompanied by first lady Kim Keon-hee, and together they attended an official reception ceremony at Qasr Al Watan on Sunday.

The occasion included a performance of the South Korean national anthem, followed by 21-artillery rounds fired, and guards of honour lining up to salute the distinguished guest.

"I was pleased to welcome President Yoon Suk Yeol to the UAE," Sheikh Mohamed said.

"We had fruitful discussions and witnessed the signing of several agreements and MOUs.

"Our Special Strategic Partnership with the Republic of Korea will continue to strengthen and serve our common interests and goals."

Mr Yoon was greeted on Saturday at the Presidential Airport by Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, Khaldoon Mubarak, chairman of the Executive Affairs Authority and member of the Executive Council, and Abdullah Al Nuaimi, UAE ambassador to the Republic of Korea.

Emirati fighter jets accompanied the plane carrying the South Korean president as it entered the UAE's airspace to greet the country's guest.

The visit formally began on Sunday, state news agency Wam said.

Mr Yoon will hold talks with President Sheikh Mohamed and is here for Abu Dhabi Sustainability Week, which runs from January 14 to 19.

Sheikh Mohamed and Mr Yoon will explore ways to bolster co-operation in line with a strategic partnership in place between their nations.

The South Korean leader will meet a number of state officials and visit development projects during the trip, Wam said.

Discussions will centre on nuclear energy, climate change, health, the space sector, smart agriculture and culture.

“Choosing the UAE as the first foreign visit [of 2023] reflects President Yoon's determination to enhance the strategic partnership with the UAE in energy, investment, defence and nuclear energy,” said Kim Sung Han, South Korea's National Security Adviser, in comments carried by Wam.

The UAE and South Korea are working to strengthen ties. In December, Sheikh Mohamed met Kim Dae Ki, a special envoy of the South Korean President, at Qasr Al Bahr in Abu Dhabi.

Mr Kim delivered a written message from Mr Yoon, which spoke of the friendship between the nations, and the co-operation and opportunities to develop them further within the framework of the two countries' partnership.

During the meeting, both sides stressed the importance of expanding current co-operation and partnership between the UAE and South Korea, especially in economy, trade, investment, energy in its various traditional and renewable sectors, advanced technology and other fields that relate to economic diversification plans and building a knowledge-based economy that have been adopted by both countries.

  • President Sheikh Mohamed receives Kim Dae-Ki, Special Envoy of the President of South Korea, during a Sea Palace barza. All photos: Presidential Court
    President Sheikh Mohamed receives Kim Dae-Ki, Special Envoy of the President of South Korea, during a Sea Palace barza. All photos: Presidential Court
  • Mr Dae-ki delivered a written message from the South Korean President, Yoon Suk-yeol, which spoke of the long-standing ties between the nations
    Mr Dae-ki delivered a written message from the South Korean President, Yoon Suk-yeol, which spoke of the long-standing ties between the nations
  • The two sides stressed the importance of expanding the two nations' current co-operation and partnership
    The two sides stressed the importance of expanding the two nations' current co-operation and partnership
  • The meeting was attended by Sheikh Hamdan bin Zayed, the Ruler’s Representative in Al Dhafra Region
    The meeting was attended by Sheikh Hamdan bin Zayed, the Ruler’s Representative in Al Dhafra Region
  • Also in attendance were Sheikh Tahnoun bin Mohamed, Ruler's Representative in Al Ain Region, right, Khaldoon Al Mubarak, Abu Dhabi Executive Council member, chairman of the Executive Affairs Authority and group chief executive of Mubadala Investment Company, fourth right, and Sheikh Hamdan bin Zayed
    Also in attendance were Sheikh Tahnoun bin Mohamed, Ruler's Representative in Al Ain Region, right, Khaldoon Al Mubarak, Abu Dhabi Executive Council member, chairman of the Executive Affairs Authority and group chief executive of Mubadala Investment Company, fourth right, and Sheikh Hamdan bin Zayed

The UAE and South Korea forged diplomatic ties in 1980, with relations flourishing in the decades since.

South Korea played a leading role in the construction of the UAE's Barakah Nuclear Energy Plant, the first such facility of its kind in the Arab world.

The nations have also worked in partnership in the space sector, pooling their expertise to send satellites up.

“President Yoon Suk Yeol’s state visit from January 14 to 17 brings new expectations and hope,” Yoo Jeh Seung, South Korean ambassador to the UAE, told The National this week.

“Our two countries have, up to this point, been considered brotherly nations with a special strategic partnership, but now, given the significance of this visit, we see an opportunity to take off for a greater future.”

LA LIGA FIXTURES

Friday Valladolid v Osasuna (Kick-off midnight UAE)

Saturday Valencia v Athletic Bilbao (5pm), Getafe v Sevilla (7.15pm), Huesca v Alaves (9.30pm), Real Madrid v Atletico Madrid (midnight)

Sunday Real Sociedad v Eibar (5pm), Real Betis v Villarreal (7.15pm), Elche v Granada (9.30pm), Barcelona v Levante (midnight)

Monday Celta Vigo v Cadiz (midnight)

RUGBY CHAMPIONSHIP FIXTURES

September 30
South Africa v Australia
Argentina v New Zealand

October 7
South Africa v New Zealand
Argentina v Australia

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

 

Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

Updated: January 15, 2023, 12:19 PM