King Charles III and Queen Camilla will stage a glittering state banquet at Buckingham Palace on Tuesday evening to welcome the President of South Korea to the UK.
Yoon Suk-yeol and his wife Kim Keon-hee are in the UK for the first incoming state visit since the king’s coronation and the second of his reign.
The President and the first lady will be greeted at their hotel on Tuesday morning by the Prince and Princess of Wales.
Prince William and Princess Kate will travel with Mr Yoon and Ms Kim to the ceremonial welcome on Horse Guards Parade in central London, where the king and queen will be waiting.
A guard of honour, formed by F Company Scots Guards, will give a royal salute amid traditional pomp and pageantry and the king and Mr Yoon will inspect the troops on the parade ground.
King Charles, Queen Camilla, Prince William and Princess Catherine and their guests will then travel in a carriage procession down The Mall to the palace, before a private lunch and a visit to see Royal Collection exhibits in the Picture Gallery.
Later, Mr Yoon will lay a wreath at the Grave of the Unknown Warrior in Westminster Abbey and deliver an address in the Royal Gallery at the Palace of Westminster to members of both Houses of Parliament.
In the evening, 170 guests will gather for the banquet, customarily a white tie and tiara affair, in the opulent palace ballroom.
The king and queen are expected to be joined by Prince William, Princess Catherine and other members of the royal family, while King Charles and Mr Yoon will make speeches.
King Charles III's first year – in pictures
Foreign secretaries are also usually invited, meaning the newly appointed Lord Cameron of Chipping Norton is likely to make a return to dining at the royal residence, harking back to the days when he was prime minister.
Mr Yoon, 62, is a known fan of karaoke and in April belted out a verse of one of his favourite songs, American Pie, at a White House dinner at the request of President Joe Biden during a state visit to the US.
He got a standing ovation.
Critics of Mr Yoon, a former prosecutor general, have accused him of suppressing freedom of speech during his 18-month presidency and cracking down on fault-finding news reports about him in the name of fighting “fake news”.
Ms Kim, a 51-year-old former head of an art event-planning company, has also attracted controversy.
She made a televised public apology in 2021 after admitting to exaggerating her professional credentials when applying for jobs at universities more than a decade ago.
Mr Yoon and Mrs Kim made a low-key arrival at Stansted Airport on Monday.
Before his trip, Mr Yoon said the world is facing a “polycrisis” of several conflicts and threats to humanity.
He told The Daily Telegraph that the wars in Ukraine and Israel, and rising tension with Russia, North Korea and in the South China Sea, have compelled him to seek “very close security co-operation” with the West.
He secured a landmark deal with the US earlier this year to counter the North Korean nuclear threat.
Mr Yoon previously warned fellow world leaders about possible co-operation between North Korea and Russia after North Korean leader Kim Jong-un’s face-to-face meeting with Russian President Vladimir Putin.
The king and the South Korean President met last year at the reception for heads of state and official overseas guests at the palace on the eve of the late Queen Elizabeth’s funeral.
Mr Yoon’s opponents accused him of being disrespectful during his trip to London after he missed the chance to view the late queen’s coffin lying in state – which he blamed on heavy traffic.
He was also caught on microphone swearing after a chat with Mr Biden at the UN General Assembly the following week, with the footage going viral in his home country.
The king visited South Korea in November 1992.
As the Prince of Wales, he carried out the tour with his then-wife, Diana, Princess of Wales, but the pair were branded “The Glums” for looking ill at ease together and a month later it was announced they were separating.
On Wednesday, Mr Yoon will hold bilateral talks with Prime Minister Rishi Sunak at Downing Street and also meet Labour leader Sir Keir Starmer.
The state visit follows the first incoming one of the king’s reign by South Africa’s President Cyril Ramaphosa last autumn.
UK and South Korea to sign new partnership during presidential state visit
The UK and South Korea are set to sign a new long-term agreement covering defence and technology co-operation as President Yoon Suk Yeol arrives for a three-day state visit.
The Downing Street Accord follows similar agreements with Singapore and Japan, coming as the UK seeks to consolidate influence in the Indo-Pacific.
Mr Yoon begins his state visit on Tuesday, which will include a bilateral meeting with Prime Minister Rishi Sunak and the formal signing of the agreement in Downing Street on Wednesday.
Ahead of the visit, Mr Sunak pointed to the £21 billion ($26bn) which South Korean businesses commit in investment to the UK.
Trade and investment are expected to be the focus of the trip, with Trade Secretary Kemi Badenoch set to launch new negotiations on an upgraded free trade agreement.
The UK secured a free trade deal with South Korea in 2019, with the agreement largely aimed at keeping trade flowing post-Brexit and removing uncertainty.
“Long term, global partnerships are vital to our prosperity and security, both today and in the future. As two nations focused on innovation, harnessing new technologies and defending the international rules-based order, the UK and Republic of Korea are natural partners," Mr Sunak said.
“Through our new Downing Street Accord, we will drive investment, boost trade and build a friendship that not only supports global stability, but protects our interests and lasts the test of time.
“These close ties have already propelled £21 billion of investment between our countries.
“I know a free trade agreement fit for the future will only drive further investment, delivering on my promise to grow the economy and support highly-skilled jobs.”
The Downing Street Accord will see British and Korean militaries agree to step up joint training and operations, with the Asian state expected to agree to join with British ships on sanctions patrols.
It will, Downing Street said, also see the two countries work closer together on technology such as artificial intelligence, semi-conductors and quantum.
Science ministers will also sign a memorandum of understanding to boost space co-operation.
South Korea will host next year’s AI summit after the first UK-backed gathering in Bletchley Park earlier this month.
The trip to the UK coincides with the 140th anniversary of diplomatic relations between the UK and Korea, as well as the 70th anniversary of the armistice of the Korean war.
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Yemen's Bahais and the charges they often face
The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.
The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran.
Today, some 2,000 Baha'is reside in Yemen, according to Insaf.
"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said.
Baha'Ullah, the founder of the Bahai faith, was exiled by the Ottoman Empire in 1868 from Iran to what is now Israel. Now, the Bahai faith's highest governing body, known as the Universal House of Justice, is based in the Israeli city of Haifa, which the Bahais turn towards during prayer.
The Houthis cite this as collective "evidence" of Bahai "links" to Israel - which the Houthis consider their enemy.
Teachers' pay - what you need to know
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
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OTHER IPL BOWLING RECORDS
Best bowling figures: 6-14 – Sohail Tanvir (for Rajasthan Royals against Chennai Super Kings in 2008)
Best average: 16.36 – Andrew Tye
Best economy rate: 6.53 – Sunil Narine
Best strike-rate: 12.83 – Andrew Tye
Best strike-rate in an innings: 1.50 – Suresh Raina (for Chennai Super Kings against Rajasthan Royals in 2011)
Most runs conceded in an innings: 70 – Basil Thampi (for Sunrisers Hyderabad against Royal Challengers Bangalore in 2018)
Most hat-tricks: 3 – Amit Mishra
Most dot-balls: 1,128 – Harbhajan Singh
Most maiden overs bowled: 14 – Praveen Kumar
Most four-wicket hauls: 6 – Sunil Narine
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
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The biog
Nickname: Mama Nadia to children, staff and parents
Education: Bachelors degree in English Literature with Social work from UAE University
As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families
Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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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
The five pillars of Islam
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.”
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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