A test fire of a tactical guided missile in North Korea. Korean Central News Agency / Korea News Service via AP
A test fire of a tactical guided missile in North Korea. Korean Central News Agency / Korea News Service via AP
A test fire of a tactical guided missile in North Korea. Korean Central News Agency / Korea News Service via AP
A test fire of a tactical guided missile in North Korea. Korean Central News Agency / Korea News Service via AP

UAE joins push for tighter sanctions on North Korea


James Reinl
  • English
  • Arabic

The US, UAE, Britain, Brazil and others on Thursday pushed for tighter UN sanctions against North Korea after it fired tactical guided missiles this week, the latest in a string of missile launches.

Linda Thomas-Greenfield, the US ambassador to the UN, called for “unity in speech and action” from the Security Council after China and Russia blocked efforts to slap sanctions on five additional North Koreans linked to the country’s ballistic missiles programme.

She addressed reporters outside the Security Council chamber with her UAE counterpart Lana Nusseibeh and ambassadors from Albania, Brazil, France, Ireland, Japan and the UK before closed-door talks on the recent flurry of missile tests.

The seven nations were “unified in condemning the DPRK [Democratic People's Republic of Korea] for its acts in violation of UN” rulings, said Ms Thomas-Greenfield in an agreed upon statement from the group.

“It is this unity in speech and action that has helped in the past bring the DPRK to the negotiating table and could advance stability for the region and the international community.”

She urged the UN sanctions team to impose additional penalties on those “contributing to the DPRK's unlawful weapons programme”, including the five new US-proposed entries.

The talks among diplomats in New York came after China and Russia delayed for six months a US effort to impose UN sanctions on five North Koreans that Washington says are connected to Pyongyang’s ballistic missile programme.

Beijing and Moscow have backed sanctions against Pyongyang to curtail its arms programme, but they also argue against increasing pressure on North Korea and have even asked for sanctions relief on humanitarian grounds.

North Korea on Monday conducted its fourth missile test this year, following two launches of “hypersonic missiles” capable of high speeds and manoeuvring after lift-off and another involving a railway-borne missile system.

The spate of launches prompted US condemnation and a push for new UN sanctions. Pyongyang has said its missile launches are part of its sovereign right to self-defence, accusing Washington of double standards.

“We have to respond to them, we have to let them know that their actions are unacceptable,” Ms Thomas-Greenfield said earlier on Thursday at an online event hosted by the Carnegie Endowment for International Peace.

“It is jeopardising peace and security in the region. The countries in the region feel very insecure about the tests that they have done.”

North Korea’s state news agency KCNA said on Thursday said the country will bolster its defences against the US and consider resuming “all temporally suspended activities” — an apparent reference to nuclear weapons and long-range missiles tests.

What is an ETF?

An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.

There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.

The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.

There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.

While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash. 

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

Updated: January 20, 2022, 8:53 PM