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Ex-Im Bank approves $2 billion loan for UAE nuclear plant
WASHINGTON (Reuters) - The U.S. Export-Import Bank said on Friday it has authorized a $2 billion direct loan to the Barakah One Company of the United Arab Emirates to purchase U.S. equipment and construction service to build a nuclear power plant.
"In addition to bolstering American jobs, Ex-Im Bank will make history by backing the construction of the first nuclear power plant on the Arabian peninsula," Fred Hochberg, President of the U.S. Export-Import Bank, said in a statement.
(Reporting by Doug Palmer)
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