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Renew national commitment to protect natural resources, says Al Tayer

  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 ...

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Modi unveils US$290mn hydro dam in Afghanistan

  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 ...

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IMF releases bailout cash for Sri Lanka

  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 ...

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