A news report about the latest North Korean missile launch is broadcast at a train station in Seoul, South Korea. AP
A news report about the latest North Korean missile launch is broadcast at a train station in Seoul, South Korea. AP
A news report about the latest North Korean missile launch is broadcast at a train station in Seoul, South Korea. AP
A news report about the latest North Korean missile launch is broadcast at a train station in Seoul, South Korea. AP

Kim Jong-un says North Korea is ready to use nuclear weapons


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North Korean leader Kim Jong-un said his country was “ready to mobilise” its nuclear deterrent in any military clash with the US and South Korea, state media said on Thursday.

Washington and Seoul have repeatedly warned that Pyongyang is preparing to carry out its seventh nuclear test — a move that the US has warned would provoke a “swift and forceful” response.

In Mr Kim's latest speech to mark the armistice that ended fighting in the Korean War — known as Victory Day in the North — he said the country's armed forces were “thoroughly prepared” for any crisis.

“Our country's nuclear war deterrent is also ready to mobilise its absolute power faithfully, accurately and promptly in accordance with its mission,” Mr Kim said in a speech on Wednesday, according to Pyongyang's official Korean Central News Agency.

Speaking to war veterans on the 69th anniversary of the armistice in the 1950-1953 Korean War, Mr Kim emphasised the country's “thorough readiness” to “deal with any military clash with the United States”.

A TV broadcasting North Korea leader Kim Jong Un, at Seoul Railway Station in South Korea on Thursday, as he unleashed fiery rhetoric against rivals he says are pushing the Korean Peninsula to the brink of war. AP
A TV broadcasting North Korea leader Kim Jong Un, at Seoul Railway Station in South Korea on Thursday, as he unleashed fiery rhetoric against rivals he says are pushing the Korean Peninsula to the brink of war. AP

His latest threats come as South Korea and the US move to step up joint military exercises, which have always infuriated the North as Pyongyang considers them rehearsals for invasion.

This week, the US military held live-fire drills using its advanced Apache helicopters stationed in the South for the first time since 2019.

Mr Kim also condemned South Korea's new, hawkish president Yoon Suk-yeol, who took office in May and has promised to take a tougher stance against Pyongyang, which includes a plan to mobilise a pre-emptive strike capability.

“Talking about military action against our nation, which possess absolute weapons that they fear the most, is preposterous and is very dangerous self-destructive action,” Mr Kim said of the Yoon administration, which he branded a group of “gangsters”.

“Such a dangerous attempt will be immediately punished by our powerful strength and the Yoon Suk-yeol government and his military will be annihilated.”

The North has carried out a record run of sanctions-breaking weapons tests this year, including firing an intercontinental ballistic missile at full range for the first time since 2017.

Nuclear talks between Pyongyang and Washington have been stalled since a summit between Mr Kim and former US president Donald Trump in February 2019 broke down over sanctions relief and what the North would be willing to give up in return.

The Kim regime has since rejected Washington and Seoul's repeated offers to resume talks, claiming the US must first drop its “hostile” policies.

Pyongyang has long struggled to feed its people and its economy has been battered by pandemic-led border closures as well as sanctions over its nuclear programmes.

The country has also been battling a massive outbreak of “fever” after it confirmed its first cases of Covid-19 in May.

“Kim's rhetoric inflates external threats to justify his militarily focused and economically struggling regime,” said Leif-Eric Easley, a professor at Ewha University in Seoul.

“North Korea's nuclear and missile programmes are in violation of international law, but Kim tries to depict his destabilising arms build-up as a righteous effort at self-defence.”

Tamkeen's offering
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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

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UAE currency: the story behind the money in your pockets
Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The Comeback: Elvis And The Story Of The 68 Special
Simon Goddard
Omnibus  Press

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The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

The specs: 2018 GMC Terrain

Price, base / as tested: Dh94,600 / Dh159,700

Engine: 2.0-litre turbocharged four-cylinder

Power: 252hp @ 5,500rpm

Torque: 353Nm @ 2,500rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.4L  / 100km

The specs: 2018 Jeep Grand Cherokee Trackhawk


Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)

RESULT

Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')

Man of the match: Diogo Jota (Liverpool)

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How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The five pillars of Islam
Updated: July 30, 2022, 6:03 AM