INSEAD Day 4 - 728x90

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

North Korea prepares for conflict as Kim inspects warships

North Korean leader Kim Jong Un.
  • The country last year launched what it called its first "tactical nuclear attack submarine"
  • Experts said the vessel seemed to be modified from an existing diesel-electric submarine

Seoul, South Korea–North Korean leader Kim Jong Un inspected warships at a shipyard in a renewed drive to bolster his naval forces as his country ramps up “war preparations”, state media said Friday.

In recent weeks, Kim has declared South Korea his country’s “principal enemy”, jettisoned agencies dedicated to reunification and outreach, and threatened war over “even 0.001 mm” of territorial infringement.

He also recently hailed the test launch of a new strategic cruise missile from a submarine, calling it a key moment in the development of the North’s naval power.

“The strengthening of the naval force presents itself as the most important issue in reliably defending the maritime sovereignty of the country and stepping up the war preparations at present,” Kim said at the Nampho Dockyard, according to the Korean Central News Agency.

A nuclear-powered submarine was on Kim’s strategic weapons wish list set out at a key party congress in 2021, along with a hypersonic warhead, spy satellites and solid-fuel intercontinental ballistic missiles.

During his visit to the Nampho shipbuilding base, about 65 kilometres southwest of Pyongyang, Kim was briefed on various warships under construction as well as preparations for a “new huge plan” assigned by the ruling party.

No details of the plan were provided.

Kim “expressed expectation that the workers of the dockyard would successfully build on the world level the major warships,” KCNA said.

North Korea last year launched what it called its first “tactical nuclear attack submarine”, which Seoul’s military at the time said did not look to be operational.

Analysts said the vessel appeared to be modified from an existing diesel-electric submarine originally designed in the 1950s, and have posed questions about its limitations and vulnerabilities as a platform.