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ABU DHABI / WAM The United Arab Emirates has welcomed the signing of a constitutional declaration between the military and main opposition coalition in the brotherly nation of Sudan. A statement issued by the Ministry of Foreign Affairs and International Cooperation said that the signing of the agreement between the representatives of the two sides, “is the cornerstone for achieving ...

AJMAN / WAM Ajman University and Noor Bank have launched an AED3.2 million waqf (endowment) initiative to promote the Islamic banking and finance industry in the UAE. The move followed a landmark agreement signed between the two parties to establish the Noor Fund for Educational Solidarity that provides, in perpetuity, an endowed professorship and four scholarships in Islamic Banking and ...

DUBAI / WAM Emirates Global Aluminium (EGA) on Monday announced the first exports of bauxite ore from Guinea Alumina Corporation (GAC) its mining project in the Republic of Guinea in West Africa, marking the completion of EGA’s strategic expansion upstream in the aluminium value chain to create an integrated global aluminium giant. The GAC project, and Al Taweelah alumina refinery, ...

ABU DHABI / WAM The National Elections Committee (NEC) said that young individuals — aged between 21 and 33 — represent around 33 percent of the registered electorate, adding that 100,000 young people out of a total of 337,738 citizens, are participating in the current round of the Federal National Council (FNC) election. The NEC also stressed that its electoral ...

ABU DHABI / WAM Brazil would welcome a BRICS-like bloc with the Gulf states to work towards achi- eving common goals, according to an influential Brazilian Congressman. Brazil is the current chair of the BRICS, an informal association of five major emerging economies: Brazil, Russia, India, China and South Africa. “We are open to new markets and new opportunities; therefore, ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) announced its cooperation with Stanford University in numerous research and development fields involving researchers at its Research and Development Centre through its membership in the university’s ‘Energy 3.0 Programme’. The fields of research include radiation cooling to improve the efficiency and performance of solar panels, utilisation of autonomous robots in ...

DUBAI / WAM The Mohammed bin Rashid Space Centre (MBRSC) announced that Hazzaa Al Mansoori, the UAE’s first astronaut to travel to the International Space Station (ISS) on September 25, will host a traditional Emirati food night at the station. Al Mansoori will be dressed in the traditional Emirati clothes, and will offer his fellow astronauts three Emirati foods — ...

Bloomberg It was caged and only hovered for about a minute, but it flew: a new flying car. Made by NEC Corp., the vehicle is essentially a large drone with four propellers that’s capable of carrying people. The Japanese electronics maker demonstrated the machine, flying without a passenger, at a Tokyo suburb on Monday. Powered by a battery, it rose ...

Bloomberg Gold imports by India in July tumbled to the lowest monthly inflow in more than three years as demand paused following record high prices in the domestic market. Overseas purchases fell 69% to 20.4 tons in July from 65.6 tons a year earlier, according to a person familiar with the data, who asked not to be identified as the ...

Bloomberg Samsung Electronics Co., the world’s largest memory chipmaker, is already reeling from Japan’s export curbs on three key materials needed to make semiconductors. An expanded list that includes machine technology could make it even harder for Samsung and South Korean carmakers to make their chips and cars (CNCs). The list of products being exported to Korea that could meet ...