A TV screen shows file footage of the demolition of the 60-foot-tall cooling tower at its main reactor complex in Yongbyon, North Korea, in June. The North is set to dismantle its nuclear test site sometimes between Wednesday and and Friday. Ahn Young-joon / AP
A TV screen shows file footage of the demolition of the 60-foot-tall cooling tower at its main reactor complex in Yongbyon, North Korea, in June. The North is set to dismantle its nuclear test site sometimes between Wednesday and and Friday. Ahn Young-joon / AP
A TV screen shows file footage of the demolition of the 60-foot-tall cooling tower at its main reactor complex in Yongbyon, North Korea, in June. The North is set to dismantle its nuclear test site sometimes between Wednesday and and Friday. Ahn Young-joon / AP
A TV screen shows file footage of the demolition of the 60-foot-tall cooling tower at its main reactor complex in Yongbyon, North Korea, in June. The North is set to dismantle its nuclear test site so

North Korea to press ahead with nuclear site demolition as journalists gather for event


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Foreign journalists gathered in North Korea on Wednesday to witness the destruction of the reclusive regime's nuclear test site, a high profile gesture on the road to a summit with the US that President Donald Trump now says might not happen.

In a surprise announcement Pyongyang said earlier this month that it planned to "completely" destroy the Punggye-ri facility in the country's northeast, a move welcomed by Washington and Seoul.

Punggye-ri has been the site of all six of the North's nuclear tests, the latest and by far the most powerful in September last year, which Pyongyang said was an H-bomb.

The demolition is due to take place sometime between Wednesday and Friday, depending on the weather.

The North has portrayed the destruction on the test site as a goodwill gesture ahead of planned June 12 summit between Mr Kim and President Trump in Singapore.

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Read more:

Donald Trump tells Kim Jong-un: Make a deal or risk same fate as Qaddafi

Comment: Does Washington have the power to prevent nuclear weapon proliferation?

Trump-Kim summit on the line as South Korea's Moon visits White House

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But doubts have since been cast by both sides on whether that potentially historic meeting will take place.

Last week Pyongyang threatened to pull out if Washington pressed for its unilateral nuclear disarmament. Mr Trump also said the meeting could be delayed as he met with South Korean leader Moon Jae-in in Washington on Tuesday.

"There are certain conditions we want to happen. I think we'll get those conditions. And if we don't, we won't have the meeting," he told reporters, without elaborating on what those conditions might be.

Politically, Mr Trump has invested heavily in the success of his meeting with Mr Kim, and so privately most US officials, as well as outside observers, believe it will go ahead.

But as the date draws near, Mr Trump's divergence from his top aides, the differences between the two sides and these high stakes are coming into sharp relief.

Washington has made it clear it wants to see the "complete, verifiable and irreversible denuclearisation" of the North.

Pyongyang has vowed it will never give up its nuclear deterrence until it feels safe from what is sees as US aggression.

"Everything is on thin ice," Koo Kab-woo, a professor at the University of North Korean Studies in Seoul, told Agence France-Presse.

"Trump wants a swift denuclearisation, something that will be done within his first term in office. In that case, he has to provide North Korea with a corresponding, swift security guarantee."

Observers will be watching the nuclear test site destruction ceremony closely for any clues to the North's mood.

Experts are divided over whether the demolition will render the site useless. Sceptics say the site has already outlived its usefulness with six successful nuclear tests in the bag and can quickly be rebuilt if needed.

Previous similar gestures by the North have been rapidly reversed when the international mood soured.

But others say the fact that North Korea agreed to destroy the site without preconditions or asking for something in return from Washington is significant.

Go Myong-hyun, an analyst at the Asan Institute for Policy Studies, said both sides were playing "a game of chicken" in the run up to the summit "to gain an upper hand in negotiations".

He said the destruction of the Punggye-ri test site would win Pyongyang international sympathy even if the summit collapses.

"North Korea can say to the international community that it did its best to achieve denuclearisation through negotiations but was pressured by the United States and couldn't do it," he said.

A handful of foreign journalists, including from South Korea, were invited to attend the demolition ceremony.

Reporters from China, the US and Russia departed on a charter flight from Beijing on Tuesday for the North Korean city of Wonsan.

From there they are expected to travel for some 20 hours up the east coast by train and bus to the remote test site - a vivid illustration of the impoverished country's notoriously decrepit transport infrastructure.

South Korean journalists were initially left off the flight because they were not granted permission by Pyongyang.

But on Wednesday Seoul's Unification Ministry said they had been allowed to attend at the last minute.

The ministry said it planned to arrange a rare direct flight on Wednesday between the two countries, who remain technically at war, to ferry the journalists to Wonsan.

On Seoul's streets on Wednesday, South Koreans were divided on whether they thought Pyongyang was sincere.

"I don't really have any faith," said Korean-American businessman Peter Chung. "But you know, like I said I hope for the best."

But Kim Ye-seul, a nutritionist in her early thirties, said she didn't feel North Korea should be made to abandon its nuclear weapons.

"Do we really need denuclearisation as a premise for unification?" she said.

UAE currency: the story behind the money in your pockets
Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

THE DRAFT

The final phase of player recruitment for the T10 League has taken place, with UAE and Indian players being drafted to each of the eight teams.

Bengal Tigers
UAE players: Chirag Suri, Mohammed Usman
Indian: Zaheer Khan

Karachians
UAE players: Ahmed Raza, Ghulam Shabber
Indian: Pravin Tambe

Kerala Kings
UAE players: Mohammed Naveed, Abdul Shakoor
Indian: RS Sodhi

Maratha Arabians
UAE players: Zahoor Khan, Amir Hayat
Indian: S Badrinath

Northern Warriors
UAE players: Imran Haider, Rahul Bhatia
Indian: Amitoze Singh

Pakhtoons
UAE players: Hafiz Kaleem, Sheer Walli
Indian: RP Singh

Punjabi Legends
UAE players: Shaiman Anwar, Sandy Singh
Indian: Praveen Kumar

Rajputs
UAE players: Rohan Mustafa, Ashfaq Ahmed
Indian: Munaf Patel

Mane points for safe home colouring
  • Natural and grey hair takes colour differently than chemically treated hair
  • Taking hair from a dark to a light colour should involve a slow transition through warmer stages of colour
  • When choosing a colour (especially a lighter tone), allow for a natural lift of warmth
  • Most modern hair colours are technique-based, in that they require a confident hand and taught skills
  • If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

PRESIDENTS CUP

Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:

02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
03.32am (Thursday): Abraham Ancer/Louis Oosthuizen v Dustin Johnson/Gary Woodland

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

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 biog

Mission to Seafarers is one of the largest port-based welfare operators in the world.

It provided services to around 200 ports across 50 countries.

They also provide port chaplains to help them deliver professional welfare services.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Step by step

2070km to run

38 days

273,600 calories consumed

28kg of fruit

40kg of vegetables

45 pairs of running shoes

1 yoga matt

1 oxygen chamber

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Mozn%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammed%20Alhussein%2C%20Khaled%20Al%20Ghoneim%2C%20Abdullah%20Alsaeed%20and%20Malik%20Alyousef%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Riyadh%2C%20Saudi%20Arabia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Raed%20Ventures%2C%20Shorooq%20Partners%2C%20VentureSouq%2C%20Sukna%20Ventures%20and%20others%3C%2Fp%3E%0A
U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)

  • Saturday 15 January: UAE beat Canada by 49 runs 
  • Thursday 20 January: v England 
  • Saturday 22 January: v Bangladesh 

UAE squad:

Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith  

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

The design

The protective shell is covered in solar panels to make use of light and produce energy. This will drastically reduce energy loss.

More than 80 per cent of the energy consumed by the French pavilion will be produced by the sun.

The architecture will control light sources to provide a highly insulated and airtight building.

The forecourt is protected from the sun and the plants will refresh the inner spaces.

A micro water treatment plant will recycle used water to supply the irrigation for the plants and to flush the toilets. This will reduce the pavilion’s need for fresh water by 30 per cent.

Energy-saving equipment will be used for all lighting and projections.

Beyond its use for the expo, the pavilion will be easy to dismantle and reuse the material.

Some elements of the metal frame can be prefabricated in a factory.

 From architects to sound technicians and construction companies, a group of experts from 10 companies have created the pavilion.

Work will begin in May; the first stone will be laid in Dubai in the second quarter of 2019. 

Construction of the pavilion will take 17 months from May 2019 to September 2020.

The bio

Favourite book: Kane and Abel by Jeffrey Archer

Favourite quote: “The world makes way for the man who knows where he is going.” - Ralph Waldo Emerson, American essayist

Favourite Authors: Arab poet Abu At-Tayyib Al-Mutanabbi

Favourite Emirati food: Luqaimat, a deep-fried dough soaked in date syrup

Hobbies: Reading and drawing

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Russia's Muslim Heartlands

Dominic Rubin, Oxford