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ZU, Egypt’s Arab Academy discuss academic cooperation

DUBAI / WAM Zayed University (ZU) held a webinar session virtually, organised by the College of Humanities and Social Sciences at Zayed University and the College of Archaeology and Cultural Heritage at the Arab Academy for Science, Technology and Maritime Transport in Egypt, to discuss ways of cooperation between the two universities in the fields of culture and heritage. Noura ...

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Sharjah’s achievements make everyone optimistic for future

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council, said that the Emirate’s overall achievements, under the leadership of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has “made everyone more optimistic about the future.” In an exclusive interview ...

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Zayed Sustainability Prize opens entries

Abu Dhabi / WAM The Zayed Sustainability Prize has officially announced that the 2022 edition is now open for submissions and that entries will be accepted until May 06, 2021, via the Prize’s online portal — across five sustainability categories: Heath, Food, Energy, Water and Global High Schools. The opening for submissions follows a decision that was taken by the ...

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Barakah nuclear plant Unit 1 reaches 80% power capacity

Abu Dhabi / WAM Nawah Energy Company, the Joint Venture nuclear operations and maintenance subsidiary and Korea Electric Power Corporation (KEPCO) announced on Wednesday that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 80 percent of the Unit 1 reactor’s rated capacity power. The milestone is an important step in the ongoing Power Ascension Testing ...

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UAE deliberates future of health, medical services

DUBAI / WAM Upon the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to ensure government integration and interoperability towards architecting the country’s future and charting its comprehensive development plan for the next fifty years, the UAE government have held consultation meetings that focussed on the future of health and ...

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Keystone XL gets indigenous investment to woo Biden

Bloomberg Keystone XL is receiving an investment from Canadian indigenous groups in a deal that TC Energy Corp hopes will help save its embattled oil pipeline project from being scrapped by US President-elect Joe Biden. Natural Law Energy, a group of five first nations in Alberta and Saskatchewan, will make an equity investment of as much as C$1 billion ($765 ...

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Perenco in talks for share of Ivory Coast oil well

Bloomberg Perenco is in talks to become the main operator in one of four oil and gas producing blocks in Ivory Coast, according to two people familiar with the matter. The Anglo-French oil company is seeking to buy a controlling stake in block CI-11, currently operated by a consortium that includes the state-run company Petroci, which has a 68% stake. ...

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Presidential power should be curbed by Congress

The last two US presidents repeatedly stretched the powers of their office to set policies that Congress had refused to enact. Instead of following their example, President-elect Joe Biden should work with Congress to bring the branches of the federal government to a better balance. President Barack Obama’s most controversial executive actions were his unilateral decisions to grant work permits ...

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What is made-in-China copper price?

China’s next move to open up its commodities markets may be a step change. As of Thursday, overseas investors will be able to trade copper futures on the Shanghai International Energy Exchange. It’s not the first such product: A yuan-denominated crude oil contract, launched in March 2018, has been modestly successful. A subsequent push to let foreigners trade iron ore ...

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Junk bond ‘rally’ tells a deceptive story

The junk bond market’s magic number is 4.56. First, the average yield for the Bloomberg Barclays US corporate high-yield index plunged the most in seven months to 4.56% on November 9, easily breaking the previous all-time low of 4.83% set in June 2014. Then, data compiled by Refinitiv Lipper found that investors poured $4.56 billion into US high-yield bond funds ...

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