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May 19, 2013
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  •   Business
    Swiss offer to mediate with N. Korea

    Switzerland has offered to mediate with North Korea as tension rises on the Korean peninsula following UN sanctions imposed in response to a nuclear weapon test in February.

    The Swiss foreign ministry recently made contact with the North Korean authorities, a spokeswoman said, but added that there were currently no plans for any talks.

    “Switzerland is willing to contribute to a de-escalation on the Korean peninsula and is always willing to help find a solution, if this is the wish of the parties, such as hosting meetings between them,” she said in an emailed statement.

    North Korea has issued increasingly strident warnings of imminent war with South Korea and the United States, telling diplomats on Friday to consider leaving Pyongyang.

    Neutral Switzerland often mediates in international conflicts or hosts peace talks, in recent years helping broker a deal aimed at resolving a long-running conflict between Armenia and Turkey.

    The Swiss Foreign Ministry said it had been involved in more than 15 sets of peace negotiations in the past seven years, including in Sudan, Colombia, Sri Lanka, Uganda and Nepal.

    North Korean leader Kim Jong-un, who took over in December 2011 after the death of his father Kim Jong-il, is thought to have spent several years in Switzerland being educated under a pseudonym.

    (Reuters)

     
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    Dubai Q1 trade hits Dh326b
    UAE GDP to hit $395b
    Dana Gas posts 17% profit growth in Q1
    Qatar Airways pitches for Emirates alliance
    MBR City: Dh21 billion iconic district unveiled
    Tap African resources
    Nakheel Q1 profit soars 36%
    Dubai Int’l world’s leading hub for Airbus A380: data
    Gold sinks into bear market on institutional exodus
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    UAE’s largest power, water project opens
    Property investors upbeat
    New Emirates-Qantas era
    UAE pumps more than $55b into foreign markets
    UAE credit bureau from June
    China to grow 8.5% in 2013: OECD
    UAE firm on growth track
    Bank deposits at Dh1.17t
    Dubai stocks hit 3-year high
    Dubai Int’l set to be world’s busiest airport
    Dubai eGovernment’s ePay generates record Dh4.3b
    Dubai property prices surge 30% on sound fundamentals
    Dubai world’s third busiest airport now
    Dubai, China explore opportunities in energy
    UAE resilience impressive: IMF
    Better finance and jobs fuel Dubai consumer confidence
    UAE expected to grow 3% despite global uncertainty
    ME carriers’ growth strong
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