Korea and the UAE have upped their trade ties through partnership agreements between two of the states’ biggest institutions.

The Export-Import Bank of Korea (Kexim) signed a memorandum of understanding with the Abu Dhabi Commercial Bank (ADCB) to increase the availability of trade finance between the countries.

“This partnership with Kexim marks only the beginning of our partnership together,” says Ala’a Eraiqat, chief executive officer of ADCB.

“ADCB is delighted with this collaboration and is looking forward to providing comprehensive financing support to both UAE and Korean companies who trade between our two countries.”