Einstein letter fetches $100,000 at Jerusalem auction

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A photo taken on March 6, 2018 in Jerusalem shows Winner's auction house owner and manager Gal Wiener holding up before a magnifying glass a letter written by Nobel Prize-winning physicist Albert Einstein to Italian chemist Elisabetta Piccini, dated 1921, prior to its auctioning later in the night with the rest of a series of nine. (AFP)
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An employee uses a magnifying glass to inspect a series of letters by Nobel Prize-winning physicist Albert Einstein at Winner's auction house in Jerusalem, on March 6, 2018 prior to being auctioned later in the night with the rest of a series of nine. (AFP)
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A photo taken on March 6, 2018 in Jerusalem shows Winner's auction house owner and manager Gal Wiener holding up a signed letter by Nobel Prize-winning physicist Albert Einstein dated 1928 concerning the formalisation of the "Third Stage of the Theory of Relativity", prior to being auctioned later in the night with the rest of a series of nine. (AFP)
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A photo taken on March 6, 2018 in Jerusalem shows Winner's auction house owner and manager Gal Wiener holding up a signed letter by Nobel Prize-winning physicist Albert Einstein dated 1928 concerning the formalisation of the "Third Stage of the Theory of Relativity", prior to being auctioned later in the night with the rest of a series of nine. (AFP)
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An ultra Orthodox Jewish man, center, bids during an auction in Jerusalem, on March 6, 2018 for a handwritten note by Nobel-winning scientist Albert Einstein. (AP)
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A letter written by Albert Einstein in 1928, in which according to the auction house he outlined ideas for his "Third Stage of the Theory of Relativity", is seen before it is sold at an auction in Jerusalem, March 6, 2018. (REUTERS)
Updated 07 March 2018
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Einstein letter fetches $100,000 at Jerusalem auction

JERUSALEM: A letter penned by legendary physicist Albert Einstein discussing one of his groundbreaking theories sold in Jerusalem Tuesday for over $100,000 as part of trove of documents that went under the hammer.
The handwritten missive, sent in 1928 by Einstein from Berlin to a mathematician about the formalization of the “Third Stage of the Theory of Relativity,” was snapped up by an anonymous buyer for $103,700 (83,600 euros).
The letter was written during one of the “most exciting, feverish periods of Einstein’s scientific career” as he worked to hammer out one of the major scientific breakthroughs of the last century, auction house Winner’s said.
It included a second note jotted by Einstein on the back of the envelope refining his thinking.
The sum — while large — pales in comparison to the $1.56 million that one purchaser paid for a letter from Einstein on the secret of happiness at a Jerusalem auction in October after it was initially valued at some $8,000.
Among Tuesday’s other lots were letters and photographs relating to the winner of the 1921 Nobel Prize in physics that also sold for several thousand dollars.
Winner’s boss Gal Wiener told AFP that the trove “reveals the complex character of the great scientist.”
German-born Einstein served as a non-resident governor of Jerusalem’s Hebrew University up to his death.


'Abdulla Al Ghurair Foundation' pledges $27 million for refugee education

Updated 50 min 37 sec ago
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'Abdulla Al Ghurair Foundation' pledges $27 million for refugee education

DUBAI: On World Refugee Day, Abdul Aziz Al Ghurair, Emirati businessman and philanthropist, announced the Abdul Aziz Al Ghurair Refugee Education Fund, a new 100M AED ($27 million) initiative to benefit 5,000 children and youth over 3 years.

Abdul Aziz Al Ghurair said: “I established this fund because I believe that philanthropists have a role in helping to address one of the most acute challenges of our region: lack of education opportunities for young people who need it the most.”
The Fund will award grants to support secondary, vocational and tertiary education programs for refugee youth in Jordan and Lebanon. It will also support children of families who due to wars and disasters in their home countries, temporarily reside in the UAE but are unable to afford school fees. The first round of grants will be announced prior to the start of the new school year.

Applauding this initiative, Filippo Grande, the United Nations High Commissioner for Refugees said: “We welcome the generous commitment by Abdul Aziz Al Ghurair. The Fund highlights the importance of the Arab world’s business community in creating a positive impact through supporting the region’s displaced communities.”

Commenting on the initiative, Gordon Brown, United Nations Special Envoy for Global Education said: “There can be no better investment in the future of the Arab region than to support the education of the most vulnerable — refugee children and youth.”

The AbdulAziz Refugee Education Fund will be administered by the Abdulla Al Ghurair Foundation for Education. Founded in 2015 and based in Dubai, it is the largest privately funded foundation in the Arab world focused exclusively on education. It aims to improve access to quality education for high-achieving, underserved Emirati and Arab youth. Abdulla Al Ghurair pledged one third of his wealth to the Foundation and set out a target of reaching 15,000 youth over 10 years valued at over $1 billion.