“The strategic partnership between the UAE and Korea provides many opportunities to enhance cooperation in various fields, including economy, trade, food security, health, culture, space, energy and tourism,” he said, adding the Emirates is South Korea’s top trade partner in the region.
“We also appreciate the active participation of the South Korea pavilion at Expo 2020 Dubai.” During the meeting, a memorandum of understanding was signed between the UAE’s Ministry of Defense and South Korea’s Defense Acquisition Program Administration on medium and long-term cooperation in the fields of defense industries and technology.
The bank also signaled that further hikes would take place in the remainder of the year, according to The Wall Street Journal.
“Economic development has been largely dependent on the infection rates of Covid-19 and associated preventive measures also in 2021,” said Dr.