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First UAE-made satellite to be launched on Oct 29

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Mohammed bin Rashid Space Centre and the General Supervisor of its projects and plans, said launch of KhalifaSat is an important step towards achieving UAE’s space strategy. Highlighting the efforts of the Mohammed bin Rashid Space Centre team, he said ...

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OFID to provide $37.5mn funding for African nations

VIENNA / WAM The Opec Fund for International Development (OFID) signed pu-blic sector loan agreements totalling $37.5 million with Gui- nea Bissau, Burundi and Uga-nda to support socio-economic development and living standards in the African continent. OFID’s $20 million loan to Burundi will help fund the ‘Rumonge-Nyanza Lac Road Rehabilitation Project’. Improvements to 52km stretch of road will promote development ...

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Banking sector remains robust: UBF

ABU DHABI / WAM The UAE Banks Federation (UBF) has released its annual report for the year 2017, shedding light on major developments, and trends in the UAE banking sector as well as local and regional economies. The report highlights UBF’s key initiatives and events, which continue to contribute significantly to the banking sector in the UAE. The report underscores ...

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