UAE follows U.S. lead, severs ties with N. Korea

UAE follows U.S. lead, severs ties with N. Korea

The UAE announced on Thursday that it will terminate the missions of North Korea's non-resident ambassador and its own non-resident envoy to the North Korean capital, Pyongyang and that it will stop issuing new visas and business licenses to North Koreans.

The Ministry of Foreign Affairs and International Cooperation, MoFAIC, has stated that the measures include stopping the issuance of entry visas for North Korean citizens and ceasing new business licenses for North Korean companies wishing to operate in the UAE. United Nations sanctions against North Korea were last month expanded to include North Korean guest workers, along with textiles and a cap on oil exports. More than 1,000 North Korean laborers are reportedly working at construction sites and elsewhere in the UAE.

The UAE statement said it also would block North Korean companies from operating in any of the seven emirates, and the UAE will end its non-resident ambassador program with North Korea.

Bank of America third-quarter profit rises 13 percent, beat forecasts
Fulton Bank decreased Vanguard Specialized Portfol (VDIGX) stake by 595,941 shares to 885,285 valued at $22.46 million in 2017Q2. The stock climbed 15 percent this year through Thursday, outpacing the 8.2 percent advance of the 24-company KBW Bank Index.

Kuwait has North Korea's only embassy in the Gulf region.

"The measures ... come within the context of its obligation as a responsible member of the global community to strengthen the worldwide will and to stop the proliferation of nuclear weapons and missile programs", the ministry said.

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