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  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (ENEC) announced on Saturday the initiation of the formation of its operating subsidiary, Nawah Energy Company. A wholly-owned ENEC subsidiary, Nawah has been mandated to safely operate and maintain Units 1 to 4 in Barakah in adherence to the highest standards of safety, security, quality, and to the UAE’s commitment of ...

  Dubai / WAM Tayeb Abdul Rahman Al Rais, Secretary-General of Awqaf and Minors Affairs Foundation (AMAF) in Dubai, revealed that Awqaf and Minors Affairs Foundation (AMAF) implemented during the period from 2006-2014, 29 endowment projects at a total cost of over AED1.008 billion. On the development of investment projects launched by the Foundation over the past 8 years, Al-Rais ...

  St Petersburg / WAM Russia’s Minister of Foreign Affairs Sergey Lavrov received Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC) and her accompanying delegation, at the ministry. The UAE delegation is currently on a visit to Russia. They discussed cooperation and the existing partnership between the UAE and Russia, which has been witnessing notable development ...

  DUBAI / WAM Dr Mohammad Salim Al Olama, Under-Secretary of the Ministry of Health and Prevention (MoHP), and Kanji Fujiki, Ambassador of Japan to the UAE, discussed ways to achieve joint co-operation in the health care sector between the two countries. During the meeting held in the ministry, Al Olama reviewed ways to enhance joint work between the two ...

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) said that International Environment Day is an opportunity for everyone to realise their responsibility to protect the earth, and renew our national commitment to protecting our natural resources, by rationalising our usage, and contributing to achieving sustainability by addressing the issue of ...

  Herat / Agencies Indian Prime Minister Narendra Modi visited Afghanistan on Saturday to inaugurate a $290 million hydroelectric dam with Afghan President Ashraf Ghani, the latest Indian investment which highlights strengthening ties between the two countries. The 42 megawatt Salma dam in western Herat province, bordering Iran, is one of two major projects carried out under India’s development partnership ...

  Colombo / AFP The IMF on Saturday released the first tranche of a $1.5 billion bailout for Sri Lanka, which is reeling after a government spending spree and facing a balance of payments crisis. The International Monetary Fund said the formal approval of a 36-month loan under its Extended Fund Facility (EFF) will also help Sri Lanka secure another ...

  Hong Kong / Hong Kong Hong Kong railway operator MTR Corp. increased the size of a two-part loan to about HK$25 billion ($3.2 billion), after the city gave the green light for it to resume construction on a high-speed rail link to China earlier this year, people familiar with the matter said. MTR, three-quarters owned by the government, lifted ...

Beijing / Hong Kong China is approaching global economic organizations including the International Monetary Fund and World Bank to establish an annual meeting that would offer the nation a stronger policy voice on the world economic stage, according to a person familiar with the talks. The Ministry of Commerce and other agencies are leading discussions under the guidance of the ...

  Singapore / AFP Chinese construction on a South China Sea islet claimed by the Philippines would prompt “actions being taken” by the United States and other nations, US Defense Secretary Ashton Carter warned on Saturday. Speaking at a security summit in Singapore, Carter said Beijing risks building a “Great Wall of self-isolation” with its military expansion in the contested ...