Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

N. Korea Signs Air Service Deal with UAE  Join our daily free Newsletter

MENAFN - Qatar News Agency - 03/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Qatar News Agency) North Korea has signed an air service deal with the United Arab Emirates (UAE) in an apparent attempt to provide cheaper transportation means for its overseas workers, Yonhap News Agency reported Friday, citing a source.

The UAE's national aviation authority and its North Korean counterpart signed a provisional air service agreement on October 15, an airline company official based in Dubai told Yonhap.

The deal must be ratified to enter into force, the report said. Saif Al-Suwaidi, the director general of the UAE General Civil Aviation Authority, confirmed the signing over the phone, but declined to comment further, according to the report.

Although the agreement does not limit the number of flights, it is unlikely that major airlines of the two countries will operate regular flights as soon as the deal goes into effect, considering that few North Koreans are allowed to travel outside their communist homeland, it said. North Korea has concluded aviation agreements with 30 nations in the Middle East, Asia and Africa since the 1970s.

The official said the North may have signed the deal aiming for providing cheaper transportation means for its overseas workers in Middle East by signing the deal with the UAE, the transportation and business hub in the Middle East.

Tens of thousands of North Korean are believed to be working overseas under tight monitoring by North Korean officials, in a bid to earn much needed hard currency for the state that has been heavily sanctioned for its nuclear program.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help