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  Abu Dhabi / WAM The UAE provided AED32.34 billion (US$8.8 billion) in foreign aid during 2015, according to the Ministry of Foreign Affairs and International Cooperation. In its report titled ‘UAE’s Foreign Aid in 2015’, issued on Saturday, the ministry said that the provision of foreign aid in terms of humanitarian and development support to various friendly countries, is in ...

  Dubai / WAM “The forward-looking vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has taken our mission to shape the future to the outer space,” asserted HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Board of Trustees of ...

  Sharjah / WAM The Sharjah FDI Office (Invest in Sharjah), the promotional arm of the Sharjah Investment and Development Authority (Shurooq) joined forces with Sharjah Economic Development Department (SEDD), to promote Sharjah as an unmatched investment-friendly destination locally and internationally. The move emphasises the ongoing efforts by Invest in Sharjah to strengthen integration and collaboration with local government bodies in ...

  Abu Dhabi / Emirates Business The fourth edition of the International Conference & Exhibition (IFCE), held in Abu Dhabi concluded its activities, attracting more than 2,000 visitors and participants. The event serve as a leading hub that attracts franchise companies from across the world, as well as providing investment opportunities for entrepreneurs, the youth, and companies based in the ...

  Bloomberg The road back down for this year’s best-performing commodity may be bumpy. While spot prices for coking coal have dropped about 16 percent this month from a record high above $300 a ton, possible heavy rain and flooding in Australia over the next few months may stall, or even reverse, the decline. The region is forecast to see ...

  Bloomberg Wangxiang Group, the owner of Karma Automotive, became the second auto-parts maker to receive permission from the nation’s top economic planner to produce electric cars under a special scheme to encourage companies outside auto manufacturing to develop new-energy vehicles. Founded by Chinese billionaire Lu Guanqiu, Wanxiang Group got approval from the National Development and Reform Commission to invest ...

  Bloomberg Verizon Communications Inc.’s deal with Yahoo! Inc. has hit a rocky patch, but the phone giant is forging ahead with a strategy focusing on mobile advertising and still has appetite for more deals. Whether or not the $4.83 billion Yahoo deal goes through, the company is likely to look at purchasing digital media companies that could drive more ...

  Bloomberg DeepMind, the London-based division of Alphabet Inc. that’s responsible for numerous recent breakthroughs in artificial intelligence, is hiring its first researcher in the US to boost collaboration across the Atlantic. The “applied research scientist position” described in a job posting on DeepMind’s website will be located at Google’s headquarters in Mountain View, California. It would be the first ...

Washington / AFP President Barack Obama declared that Bashar Al-Assad’s Syrian regime, Iran and Russia are responsible for the carnage in Aleppo and argued there was nothing Washington could have done to stop the war, short of a military takeover of Syria. And he warned Assad, who has been engaged in a brutal civil war against opposition forces since 2011, that ...

  Caracas / AFP Desperate Venezuelans looted delivery trucks and clashed with police as a botched plan to introduce new banknotes left people without cash—the latest shortage in a spiraling economic crisis. President Nicolas Maduro blamed opposition politicians for the unrest, claiming that there were pictures and videos of some opposition members of the National Assembly involved in “attempts of ...