Bloomberg Renault SA aims to cut the cost of its batteries by 60% over the next decade as the French carmaker ramps up production of electric vehicles in Europe. Renault also plans to lower the costs of its electric motors by 30%, make them more compact and extend their range, the company said in a statement. “The Renault brand aims ...

ABU DHABI / WAM In yet another global milestone, Etisalat on Wednesday announced its foray into the next generation of the mobile network with considerable efforts towards 6G realisation, conducting research and developing international standards, the main building blocks for the 6G ecosystem. Haitham Abdulazzak, Chief Technology Officer at Etisalat, shared these insights during his address at the session titled ...

Geneva / WAM The impact of the Covid-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body UNCTAD said on Wednesday in a report issued jointly with the UN World Tourism Organisation (UNWTO). The estimate is based on losses caused by the pandemic’s direct impact on tourism and ...

Dubai / WAM The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by an Arab nation, on Wednesday released the first global images of Mars in the far-ultraviolet, providing new insights into the discrete aurora phenomenon in Mars’ nightside atmosphere. The images have revolutionary implications for our understanding of the interactions between solar radiation, Mars’ magnetic fields and the ...

ABU DHABI / WAM Israel-UAE bilateral trade has reached over AED2.48 billion ($675.22 million), within ten months of signing the Abraham Accords in September 2020, according to Israel’s top diplomat. In an exclusive interview with Emirates News Agency (WAM), Israel’s Foreign Minister Yair Lapid said, “It is estimated that the bilateral trade potential will multiply many times over in the ...

ABU DHABI / WAM Bpifrance, the French national investment bank, and Mubadala Investment Company (Mubadala) announced the signing of a Memorandum of Understanding (MoU) to launch a new co-investment partnership dedicated to African private equity. The two companies will aim to deploy up to EUR 350 million through fund and direct investments in private equity and venture capital, with a ...

ABU DHABI / Emirates Business Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has entered into a Memoradum of Understanding (MoU) with First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, on Credit Guarantee and Co-lending programs for SMEs in the ...

Abu Dhabi / WAM Nawah Energy Company (Nawah), the subsidiary created by Joint Venture partners Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco) to operate and maintain the Barakah Nuclear Energy Plant, signed a Maintenance and Engineering Services Agreement (Mesa) with Framatome, an international leader in nuclear energy technologies. The signing took place during the 3rd annual ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has signed a Letter of Intent with France’s electricity company EDF to develop a Memorandum of Understanding (MoU) for cooperation on research and development (R&D) in the nuclear energy sector. The collaboration is part of Enec’s commitment towards progressing the UAE’s nuclear energy industry, supporting innovation, clean electricity production and ...

Dubai / WAM The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by an Arab nation, on Wednesday released the first global images of Mars in the far-ultraviolet, providing new insights into the discrete aurora phenomenon in Mars’ nightside atmosphere. The images have revolutionary implications for our understanding of the interactions between solar radiation, Mars’ magnetic fields and the ...