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China Launches New Satellite Into Space

Abu dhabi: China on Tuesday successfully launched a Long March-3B carrier rocket, blasting a new satellite named Shijian-31 into space. The rocket lifted off at 5:45 pm (Beijing Time) from the Xichang Satellite Launch Centre in southwest China’s Sichu…

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Revolut Secures Key Financial Licences from CBUAE

Abu dhabi: Revolut, the global fintech company boasting over 75 million customers worldwide, has announced the receipt of its Stored Value Facilities (SVF) licence and Retail Payment Services (Category II) licence from the Central Bank of the United A…

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CBUAE Maintains Base Rate at 3.65%

Abu dhabi: The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%. This decision aligns with the recent announcement by the US Federal Reserve to keep the Interest Rate on …

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