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UAE, Israel institutions ink deal to strengthen cultural relations

ABU DHABI / WAM Within the framework of enhancing and developing future cooperation between the United Arab Emirates and Israel, and for strengthening the cultural relations in the interest of the two friendly countries, the UAE National Archives and the Israeli National Library signed a Memorandum of Understanding (MoU). It aimed for supporting shared goals, boosting programs and activities of ...

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Political crisis in Somalia raises security risk for eastern Africa

Bloomberg Delayed elections in Somalia amid political infighting has enabled al-Qaeda-linked extremists to make gains in an insurgency, raising the threat of insecurity in eastern Africa. The group, known as al-Shabaab, has taken advantage of the impasse and the withdrawal of US troops from Somalia to recruit fighters, according to people with knowledge of the matter. Authorities have thwarted some ...

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Dubai Future Foundation’s role in supporting global startups hailed

Dubai / WAM An Italian delegation led by Luigi Di Maio, Minister of Foreign Affairs, visited the Dubai Future Foundation (DFF) to learn more about the pivotal role the foundation plays in shaping the future through various initiatives, as well as its global efforts in attracting startups, entrepreneurs and talent to the region. Khalfan Belhoul, CEO of DFF, Abdulaziz Al ...

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UAE sends 50 metric tons of food aid to Tajikistan

Abu Dhabi / WAM The UAE on Wednesday sent an aid plane containing 50 metric tons of food aid to the Republic of Tajikistan as part of its humanitarian initiatives during the Holy Month of Ramadan. Ammar AlBreiki, Charge d’Affaires at the UAE Embassy in Kazakhstan, said, “The UAE and Tajikistan share strong ties. They have worked closely in many ...

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AFZ highlights new opportunities for growth in education sector

AJMAN / WAM Ajman Free Zone (AFZ) showcased its advanced capabilities as a viable environment for educational institutions during its participation at the Ajman International Education and Training Exhibition (Aetex) 2021. AFZ has become an attractive destination for educational institutions to establish their operations in the United Arab Emirates and continues to witness a growing interest among higher education, training ...

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Air Arabia to resume flights to Moscow from May 1

Sharjah / WAM Sharjah-based low-cost carrier Air Arabia has announced the resumption of direct flights between Sharjah and Moscow starting May 1. Customers can now book their direct flights between Sharjah and Moscow by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Ensuring the highest standards of safety at every step of the journey by ...

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Increased fish stocks recorded in Abu Dhabi waters in 2020: EAD

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD), which has been conducting research to assess the state of fish stocks since 2001, recorded a noticeable improvement in the state of fish stocks during 2020 for some of the major commercially fished species in Abu Dhabi waters. Following continued efforts under the directives of HHSheikh Hamdan bin Zayed ...

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Korean economy joins China in surpassing pre-Covid peak

Bloomberg South Korea led the developed world to join China in exceeding the size of its pre-pandemic economy, as investment and exports helped it expand faster than expected. Gross domestic product grew 1.6% during January-March from the previous quarter, the Bank of Korea said, easily beating economists’ consensus for a 1.1% expansion. That pushed GDP above the level at the ...

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Ant-backed Zomato files for $1.1b Mumbai IPO

Bloomberg Zomato Ltd, an Indian food delivery startup backed by Jack Ma’s Ant Group Co, has filed an initial prospectus with Indian market regulator for an initial public offering that could raise as much as 82.5 billion rupees ($1.1 billion). The company plans to issue new shares to raise a maximum 75 billion rupees, while its major shareholder Info Edge ...

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Soaring oxygen demand makes Indian tycoon slash steel output

Bloomberg India’s most valuable steelmaker is cutting output to step up supplies of medical-grade oxygen as the country grapples with a devastating shortage of the life-saving gas amid surging coronavirus infections. JSW Steel Ltd said it is reducing output to augment liquid medical oxygen supply to more than 900 tons a day by April-end, and more than 20,000 tons for ...

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