North Korea suspends cross-border rail service



North Korea announced today that it would suspend a historic cross-border railway service from next week and curb other frontier crossings in protest at what it called South Korea's policy of confrontation. The hardline communist state also said it would "selectively expel" South Koreans based at two joint projects developed as symbols of reconciliation, the Kaesong industrial estate and the Mount Kumgang tourist resort.

Military authorities would "strictly restrict" border crossings by South Koreans headed for the two projects, according to the Korean Central News Agency (KCNA). A popular tour by Southerners to the North's city of Kaesong would also be suspended, the agency said, announcing what it called "the first step to cope with the prevailing grave situation in relations". But the impoverished North indicated it would not force the closure of the Kaesong industrial estate, which earns it tens of millions of dollars a year.

In letters to business groups, quoted by the South's unification ministry, it said half the South Korean staff at the estate must leave but essential materials and staff could still pass through the heavily fortified frontier. On Nov 12, the North had announced plans "to strictly restrict and cut off" border passages from Dec 1. Today's statement was the first indication of what it planned. The restrictions could severely hamper operations at Kaesong, where more than 32,000 North Koreans earning around US$60 dollars (Dh220) a month work for 83 South Korean-owned factories along with about 1,500 South Koreans.

The North said that despite its Nov 12 warning, "the South Korean puppets are still hellbent on the treacherous and anti-reunification confrontational racket". It denounced comments by the South Korean president Lee Myung-Bak during his US trip last week. Mr Lee reportedly said his ultimate aim is reunification of the peninsula under a liberal democratic system. The unification ministry, which handles cross-border ties, expressed "serious regret" and urged the North to retract the measures.

"North Korea must come out for dialogue to help solve pending issues without distorting the position of our government or aggravating South-North relations," it said in a statement. A ministry spokesman stressed that some South Korean staff will stay in Kaesong to keep it running. "More strict order and discipline will be enforced as regards the passage and entry into the Kaesong Industrial Zone and Mount Kumgang tourist area and stringent sanctions applied against any violators of them," the North's statement said.

"The prospect of the inter-Korean relations will entirely depend on the attitude of the South Korean authorities." Mount Kumgang on the east coast is already effectively shut down after North Korean soldiers in July shot dead a Seoul housewife who strayed into a restricted zone. The South suspended tours there on safety grounds after the North refused its demand for a joint investigation into the tragedy.

The first regular train service for half a century across the frontier began in December 2007. It was hailed as a landmark in reconciliation between two nations which are still technically at war following their 1950-53 conflict, but has carried little cargo. The border curbs follow months of icy relations, including threats by the North over cross-border propaganda leaflets dropped by Seoul activists.

The North says the border restrictions are in response to Seoul's failure to honour agreements reached at inter-Korean summits in 2000 and 2007. Relations soured after Mr Lee, a conservative, took office in Seoul in February. He promised to take a firmer line with the North after a decade-long "sunshine" engagement policy under his liberal predecessors. Mr Lee said he would review the summit agreements, which envisage joint economic projects costing tens of billions of dollars.

*AFP

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Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

SERIE A FIXTURES

Saturday (UAE kick-off times)

Atalanta v Juventus (6pm)

AC Milan v Napoli (9pm)

Torino v Inter Milan (11.45pm)

Sunday

Bologna v Parma (3.30pm)

Sassuolo v Lazio (6pm)

Roma v Brescia (6pm)

Verona v Fiorentina (6pm)

Sampdoria v Udinese (9pm)

Lecce v Cagliari (11.45pm)

Monday

SPAL v Genoa (11.45pm)

Everton%20Fixtures
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While you're here ...

Damien McElroy: What happens to Brexit?

Con Coughlin: Could the virus break the EU?

Andrea Matteo Fontana: Europe to emerge stronger

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COMPANY%20PROFILE
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While you're here

Michael Young: Where is Lebanon headed?

Kareem Shaheen: I owe everything to Beirut

Raghida Dergham: We have to bounce back

Bangladesh tour of Pakistan

January 24 – First T20, Lahore

January 25 – Second T20, Lahore

January 27 – Third T20, Lahore

February 7-11 – First Test, Rawalpindi

April 3 – One-off ODI, Karachi

April 5-9 – Second Test, Karachi

COMPANY%20PROFILE
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VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

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Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

Five%20calorie-packed%20Ramadan%20drinks
%3Cp%3E%3Cstrong%3ERooh%20Afza%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20contains%20414%20calories%0D%3Cbr%3E%3Cstrong%3ETang%20orange%20drink%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20serving%20contains%20300%20calories%0D%3Cbr%3E%3Cstrong%3ECarob%20beverage%20mix%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20serving%20contains%20about%20300%20calories%0D%3Cbr%3E%3Cstrong%3EQamar%20Al%20Din%20apricot%20drink%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20saving%20contains%2061%20calories%0D%3Cbr%3E%3Cstrong%3EVimto%20fruit%20squash%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20serving%20contains%2030%20calories%3C%2Fp%3E%0A
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
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THE SPECS

Engine: 3.6-litre V6

Transmission: nine-speed automatic

Power: 310hp

Torque: 366Nm

Price: Dh200,000

The biog

Name: Dhabia Khalifa AlQubaisi

Age: 23

How she spends spare time: Playing with cats at the clinic and feeding them

Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need

Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman

Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs 

Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing

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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Company%20profile
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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)