Officials signing the agreement.
Incentives package includes exempting economic establishments whose business has been temporarily suspended during the crisis due to the implementation of the precautionary measures from licence renewal fees for one year.
AJMAN: Abdullah Al Muwaiji, Chairman of Ajman Chamber of Commerce and Industry (ACCI) received a Korean economic delegation led by the South Korean Consul General Chun Young Wook, to explore paths of further accelerating economic cooperation and the most important investment opportunities available in Ajman and Korea. The visit also aimed to increase the trade volume between the two parties.
The strengthening of national and global food security was the topic on the agenda during the visit of Mariam Almheiri, Minister of State for Food Security, to South Korea last week. Building on the existing strategic alliances that the UAE has with Asia’s fourth largest economy,
London's benchmark FTSE 100 index was up 1.0 per cent, in the eurozone, Frankfurt won 0.9 per cent and Paris climbed 0.8 per cent.
Spot gold was up 0.8% at $2,033.86 per ounce by 0655 GMT, after hitting a record high of $2,036.49. US gold futures rose 1.4% to $2,049.30.
The benchmark Nikkei 225 index slipped 0.26 per cent, or 58.81 points, to end at 22,514.85, while the broader Topix index inched down 0.04 per cent, or 0.55 points, to 1,554.71.
Brent crude was up by 31 cents, or 0.7%, at $44.74 a barrel by 0713 GMT. The contract rose 0.6% on Wednesday to its highest close since March 6. West Texas Intermediate oil was up by 26 cents, or 0.6%, at $41.96 a barrel. The contract ended Tuesday trading 1.7% higher, its highest close since late July.