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Charitable Foundatio

Charitable Foundatio latest

Al Bawaba
June 2nd, 2010 - 01:04 GMT

UAE Rulers’ Foundations Foreign Aid Contributions Secure OECD Recognition as Official Aid

The Organization for Economic Cooperation and Development (OECD) has agreed that foreign aid provided by five major UAE foundations can be reported as Official Development Assistance (ODA) or Other Official Flows (OOF). The OECD reached its decision following discussions on the issue with the UAE Office for the Coordination of Foreign Aid (OCFA). Commenting on the decision, His Excellency Hazza Mohammed Falah Al Qahtani, OCFA Director General, said: “Under the ...
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