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 ...