Piece of Opinion: America Faces a Decisive Test: How Long Will Lebanon Remain an Open Battleground?
 
Wonder 64: A Mother’s Healing Through the Intercession of Saint Charbel
 
The Surprise Only Our Leaders Didn’t See Coming
 
Dr. Rateb Jneid: "On the National Apology Day, we salute the strength, dignity, and resilience of the peoples of First Nations.
 
For the attention of the Maronite leaderships!
 
Sister Noel Marie Sleiman Saadeh passed away
 
With grief and sadness, the President of the (LONC) and all Lebanese mourn the hero commander, Dean Alrakin Youssef Al-Tahan
 
A Submission to the Royal Commission on Antisemitism and Social Cohesion
 
Hormuz faces a dangerous global precedent: Will it open the door for China to repeat the scenario in Taiwan?
 
President Joseph Aoun: “Eid al-Adha teaches us not to sacrifice our children or shed their blood”
 
Now is the Time
 
Natalie Ward raised her voice regarding electric bike license plates as, after six months, nothing has been done!
 
EMIRATES NEWS (2/2/2012)





Abu Dhabi Authority for Culture and Heritage establishes state-of-the-art facilities for the protection of art and heritage

            As part of the Abu Dhabi Authority for Culture and Heritage (ADACH)'s mission to safeguard, manage, and enhance national heritage, ADACH has constructed a multipurpose art storage facilities on the ground floor of the National Archive Building in Abu Dhabi. The space, which covers 770 square meters, was established according to international standards, especially those approved by UNESCO.

            The state-of-the-art storage facilities accommodate a wide array of collections, such as paintings, drawings on paper and on canvas, manuscripts, photographic materials, sculptures, traditional objects. It provides a digitisation station for manuscripts, archives, and photographic materials.

            The refurbished storage will not only accommodate existing ADACH collections, but it will also provide storage solutions for future acquisitions to safely host various formats, sizes, and mediums. In addition, a digitization workshop for the manuscripts, archives, and photographic materials was built conveniently adjacent to the collection areas to allow better access to the art objects as well as better environmental conditions during the digitization process.

            "The purpose of these initiatives which the ADACH launches continuously is to strengthen efforts to maintain art collections and cultural heritage by determining the size of those resources, assessing their significance and importance to the national and humanitarian heritage in general, and developing strategies to secure and preserve them and to ensure sound management to keep them a stock preserved for future generations," said Mohammed Khalaf Al Mazrouei, Advisor of Culture and Heritage to His Highness the Crown Prince of Abu Dhabi and Director General of ADACH.

            ADACH is in charge of maintaining and promoting the culture and heritage of the Emirate of Abu Dhabi. Its strategic plan is determined by a group of priority sectors, including the preservation of the various forms of material and intangible cultural heritage, drawing up necessary legislation, developing local professional skills, and promoting the heritage of Abu Dhabi regionally and internationally.

            "In a region where ambient temperature can reach 50 C and the rate of humidity can reach 75% and the dust level is high, climate control is an essential requirement," said Dr. Sami El-Masri, Deputy Director-General of ADACH and Director of the Strategic Planning Department.

            "The new and improved air handling units and filtration system could therefore provide steady temperature and humidity controls and minimise dust level inside storage," he added.

            ADACH's collection comprises an extensive collection of photographs and slides as well as hundreds of audio/video magnetic tapes from the Intangible Heritage Department capturing priceless historical events and Emirati traditions in the UAE to better preserve these materials. New cool and cold storage solutions with set anchored temperatures and controlled humidity will significantly slow down the degradation of these materials and allow time to plan and implement digitisation projects. Specialised packing will be employed to create a safe micro-environment to act as effective buffering system in order to maintain humidity level during storage and the warming up process. This system will also serve as additional protection to the collection should the system stop performing.

            Abiding by the UN Environment Programme, the gas-based FM-200 fire suppression system was installed in this storage. This environmentally-friendly suppressant is a sustainable replacement for the existing Halon system which has been found to deplete the ozone layer. Non off-gassing epoxy polyester powder-coated compact storage racks in various style and sizes will also provide a customised solution for various types of artworks and artifacts.

            At the completion of this initiative, the future plans call for inventory and re-housing of entire ADACH collection. In addition, a new collection management database will be created to manage ADACH's collection.

            Paper and Book Conservation for historical papers and books ADACH has also established a laboratory to preserve the historical papers and books. A number of Paper Conservators work in the laboratory and carry out conservation and restoration treatment, mainly for the Islamic manuscripts and other valuable paper based collections. Conservators also develop methods of storage and display for the manuscripts, photographs and archival materials at the Authority.

            A Paper Conservator at ADACH once said that a good conservation treatment should aim to preserve all of the information hidden in the materials and binding structures, rather than replacing them with new binding.

            The laboratory does not only to conserve and restore valuable historical papers and books, but also to conduct further scientific and technological research on the writing and printing media, and binding structures of Islamic manuscripts, employing various light sources, such as incident light, raking light, transmitted light, ultraviolet radiation, as well as using a stereomicroscope and a polarised light microscope.

            In the future plan, a database recording the materials and binding structures of Islamic manuscripts will be established and shared with a number of corresponding databases in the Middle East, Europe and other regions. This will contribute to the world body of knowledge on Islamic manuscripts. - Emirates News Agency, WAM

 

Abu Dhabi approves building of futuristic airport complex

            The Abu Dhabi Government has approved the construction of the Midfield Terminal Complex (MTC), part of a US$6.8-billion (Dh24.95 billion) expansion plan for the capital's international airport.

            Abu Dhabi Airports Company (Adac) announced in a statement yesterday that it has received approval from the Executive Council for the construction of the MTC, which is planned to become the primary gateway for airlines operating to Abu Dhabi and the future home of Etihad Airways, the national airline of the UAE.

            "The Midfield Terminal Building is expected to go live in the first half of 2017," the statement said.

            The terminal building will be the largest in Abu Dhabi and one of the region's most architecturally impressive structures. It will be between 630,000 and 702,369 square metres in size, and visible more than 1.5km away.

            "The central space of the terminal building could hold three full-sized football pitches and features a ceiling 52 metres tall at its highest point," according to Adac's website.

            According to Saj Ahmad, Chief Analyst at Strategic-Aero Research, this project will certainly pressure its local rivals to think long and hard about their own airport expansion. "Etihad and eventually its partners like air berlin will reap the benefits of having all operations under one roof in Abu Dhabi with the ability to further expand as passenger traffic rises," Ahmad told Gulf News.

            "With Doha opening a new airport just 11 months from now, and with Dubai investing [more] in the current airport, this sort of expansion in the UAE capital may well spawn a low-cost airline from Abu Dhabi to cater to the growing traffic that is expected to come to and through the airport. That said, Etihad's commitment and expansion through this new terminal project will ensure that it can stay as competitive as its other GCC rivals," he said.

            The complex will include 20,000-25,000 square metres of retail and food and beverage outlets, which is roughly equivalent to the current size of Marina Mall in Abu Dhabi. These are set around an 8,400 square metre indoor park. Associated support buildings take up an additional 800,000 square metres, and will include access to 16-20 aircraft parking stands.

            "This development represents one of the largest investments by the Government to deliver the needed infrastructure, in line with Abu Dhabi Plan 2030, that will cater to the growth of the aviation sector in the region and confirms Abu Dhabi's strong position in the global air transportation network. Adac looks forward to appointing the Midfield Terminal Building contractors and creating this key infrastructure asset for the emirate of Abu Dhabi," said Khalifa Al Mazroui, Chairman of Adac.

            Last November, six construction companies bid to build the airport's MTB: Al Habtoor-Murray & Roberts, Bechtel-Al Jaber, Hyundai Engineering & Construction-Kumho, Larsen & Toubro-NPC, Samsung-ACC and TAV-CCC.

            Adac has not yet announced the winning contractor or the project's value. However, construction of the MTB is planned to commence during the second quarter of this year.

The 700,000-square-metre terminal building is one of the most crucial projects to be undertaken in the UAE and will initially handle 27-30 million passengers per year.

            According to aviation analysts at Frost & Sullivan, the MTC will enhance growth in the region's aviation sector. "The improved facilities will help Abu Dhabi achieve a strong position in the global air transportation network," Frost & Sullivan said.

            "However, the air navigation service providers have a very important role to play in service considering the increased levels of air traffic growth."

            According to Adac's figures, Abu Dhabi International Airport currently handles more than 12 million passengers a year and growth over the next 20 years is forecast to be robust, requiring more facilities.

            Its recorded growth rates of 19.7 per cent over the last five years, have been driven by the rapid growth of its hub airline, Etihad Airways, and the increasing attraction of Abu Dhabi as a destination for business and leisure. – Gulf News

 

Abu Dhabi's Yahsat mulls third satellite for region

            The Abu Dhabi-owned satellite company Yahsat is evaluating the launch of a third spacecraft.

Y1A, the company's first satellite, blasted into orbit last April from Kourou, French Guiana, in what was Abu Dhabi's first venture in the satellite industry.

            A second communications spacecraft is slated to be launched later this year, as part of Yahsat's total investment of Dh7 billion (US$1.9bn).

            Tareq Abdul Raheem Al Hosani, the chief executive of Yahsat, said a third satellite was under consideration.

            "We think there is always the option of launching a third satellite.

            "We want to grow organically. And this might be achieved by launching a third satellite. We are really evaluating this opportunity right now."

            Abu Dhabi's satellite programme began out of a need to provide the UAE military with communications. However, the scope of the project was later broadened to include commercial opportunities.

            Yahsat's first satellite provides communications to the UAE Army, as well as commercial links to corporate customers and TV broadcasters.

            The second satellite will also provide broadband internet. Dubbed Y1B, it is due to lift off on a rocket operated by Yahsat's launch partner, the International Launch Services (ILS), based in the US.

            Mr Al Hosani said, due to technical issues faced in one of ILS's previous launches, the second satellite had been delayed.

            "Initially, we were supposed to launch in the first quarter. Now they are pushing us to early second quarter.

            "And we want to maintain it either to the end of the first [quarter], or very early in the second," he said.

            "Y1B is ready to be shipped for launch. Due to a mechanical failure [faced by ILS] during their last launch, our slots have been rescheduled. We are still trying to push to get an earlier launch."

            The launch of Y1B is currently Yahsat's top priority, according to Mr Al Hosani.

            "Until we launch our second satellite, we will not engage in the third one," he said.

            "The contract we signed with the manufacturers to build two satellites, with the ground-control system and some terminals, was US$1.66bn," Mr Al Hosani said.

            "That doesn't take into account the buildings, the staffing, the project management and everything. So we are around Dh7bn."

            Despite the hefty investment, Mr Al Hosani said Yahsat was meeting its financial targets.

            "We want to have sustainable growth, with good revenues. We are a very profit-driven organisation: we worry about every penny," he said.

            "We are in line with our initial business plan. Financially we are very stable, and we are meeting all of our initial financial targets."

            Another of Yahsat's priorities is Emiratisation at its Abu Dhabi control centre.

            Mr Al Hosani said 45 per cent of Yahsat's employees were UAE nationals and that the company aimed to boost this to between 60 and 65 per cent in five years.

            "I think Yahsat will always have this international mix within it. Eventually we want to reach 60 to 65 per cent of nationals," he said.

            "But we will always have international expats that will help give us the latest technologies and help develop the company." – The National

 

NASA chronicles Dubai’s progress

            A dramatic video of Dubai’s exponential growth viewed from space over the past 11 years has once again put the emirate in the spotlight.

            The video, which is a compilation of images collected by NASA’s space satellite from 2000-2011, shows Dubai’s rapid urbanisation and the rapid sprouting of the islands of Palm Jumeirah and The World. Massive on-ground projects showing new Dubai areas can also been seen taking shape.

            Images of Dubai’s Urbanisation are on NASA’s list titled World of Change. Other projects on this list NASA chronicles Dubai’s progress include Antarctic Ozone Hole, Drought in Australia, Shrinking Aral Sea among several others.

            Also posted on technology weblog Gizmodo on January 24, the video has already been viewed and commented upon by over 110,000 people.

            NASA’s website, that first posted the images obtained using the Advanced Spaceborne Thermal Emission and Reflection Radiometer Terra satellite said: “To expand possibilities for beachfront tourist development, Dubai, part of the United Arab Emirates, undertook a massive engineering project to create hundreds of artificial islands.”

            It adds: “Built from sand dredged from the sea floor and protected from erosion by rock breakwaters, the islands were shaped into recognisable forms, including two large palm trees.”

Describing the development the website adds: “The first Palm Island constructed was Palm Jumeirah, and in these false-colour images, bare ground appears brown, vegetation appears red, water appears dark blue, and buildings and paved surfaces appear light blue or gray.”

            The first image, acquired in November of 2000, shows the area prior to the island’s construction. The image from February 2002 shows the barest beginnings of the artificial archipelago. By October 2002, substantial progress had been made on Palm Jumeirah with many sandy “palm fronds” inside a circular breakwater.

            By November 2003, the palm tree had been constructed, and buildings and vegetation populate Palm Jumeirah in the images from November 2004, October 2005, September 2006, March 2007 and November 2008. The final image, acquired in February 2011, shows vegetation on most of the palm fronds, and numerous buildings on the tree trunk.

            Inland, changes are just as dramatic between November 2000 and February 2011. In the earliest image, empty desert fills the lower right quadrant of the image, as cityscape primarily hugs the coast. As the years pass, urbanisation spreads, and the final image shows the area almost entirely filled by roads, buildings and irrigated land, it adds. – Khaleej Times

 

DubaiSat-2 design finalised

            Engineers from the Emirates Institute for Advanced Science and Technology (EIAST) announced that the DubaiSat-2 project has completed a crucial stage in the design phase, with the qualification model (QM) passing a series of rigorous tests.

            The qualification model is the third and final design model, and represents the last test of all components on DubaiSat-2, the UAE’s second remote sensing satellite which is due to be launched into the orbit by the end of 2012. The model is very close to the final satellite, but has been made with less space-worthy components.

            Ahmed Al Mansoori, Director-General of EIAST, said: “I am delighted that the EIAST engineers have passed this significant milestone, which reflects the dedication, expertise and commitment of our team of highly skilled UAE engineers. They strive to bring to reality the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, which is to propel our youth towards the cutting edge of advanced scientific research and development.”

            The DubaiSat-2 Qualification Model has been put through a series of tests to ensure that the final satellite can withstand the harsh environment of the launch and its long mission in space. It underwent vibration, acoustic, thermal, thermal vacuum, shock and mass measurement tests.

            “These tests are designed to put the satellite through the same or similar conditions that it will face on its journey to space. From liftoff to separation of the satellite from the launcher, it takes 15 minutes, but the amount of pressure, shock and vibration is very high and we need to put the model through those same conditions to make sure our satellite will eventually survive this event,” said Salem Al Marri, Head of projects and space missions at the EIAST.

            “We also need to make sure our satellite will survive in space. Because it orbits the earth every 90 minutes, it will be in front of the sun for about 60 minutes and behind the earth for the rest of the time, and will therefore be subjected to huge changes in temperature. This testing phase ensures that the final satellite will cope with these.”

            All of these tests were completed in early October. The next step for the engineers is one last verification of the data from the electronic components before a meeting is held at the end of February to review the data and confirm that the project is ready to enter the manufacturing stage.

            The satellite will orbit 600km above the earth’s surface compared to the 690km orbit of DubaiSat-1. The orbit has also been changed from an ascending orbit (South to North) to a descending orbit (North to South), which will allow both satellites to work well in constellation as well as give better coverage of the UAE area. Among other significant improvements, the UAE team along with their South Korean partners (Satrec Initiative) has designed the satellite to produce higher quality images at 1-metre resolution which can serve various applications including environmental projects, urban planning, infrastructure, telecommunications and electricity projects. – Khaleej Times

 

20 turtles wash up on Saadiyat this winter

            Viktor Bondarchuk is an expert at saving lives. But this distress call was different. When he saw an endangered hawksbill turtle being tossed around in the waves at Saadiyat Beach, the 27-year-old from Ukraine knew its life depended on him and managed to save it.

            A few days later, another turtle was found upturned on the same stretch of the beach, this time by a security guard. The Monte-Carlo Beach Club lifeguard and the club’s recreation manager and resident environmentalist, Clare Patterson, put the young turtle saved by Bondarchuk in a bucket of water and called in experts from the Tourism Development and Investment Company (TDIC) of Abu Dhabi, owners of the Monte Carlo Beach club and master developer of Saadiyat island.

            Patterson, from Scotland, said: “Both the turtles were juvenile hawksbills and were washed up when the sea was quite rough and the wind was a little higher than usual. The club’s lifeguards watch the waves and security guards are always patrolling the coast so we are in a great position to help if any of the turtles get into trouble.

            At the Monte-Carlo Beach Club, Saadiyat, we are all being extra vigilant and hope we can help these creatures to thrive here.”

            The turtle — named Vik Bond in recognition of the man who rescued him — is now undergoing rehabilitation at the turtle rehabilitation centre in Burj Al Arab in Dubai and will be released back into the sea later this year.

            The TDIC said a total of 20 turtles have been found at various points on Saadiyat Beach so far this winter. TDIC environment manager Millie Plowman said: “This is many more than we would usually expect, perhaps because this winter has been slightly cooler than usual. Last year in the same period we had just three.

            “Those we have found have been swept in by the strong winds we have experienced recently. I imagine the turtles are in a state similar to hibernation and will not have had much food so they are weaker than usual. Barnacles have taken hold of their shells and they need to be cleaned up and given some nourishment.

            “We take the turtles to the turtle rehabilitation centre at Burj Al Arab hotel in Dubai. They are put in fresh water for a few days to kill the barnacles and other marine growth. There, they are fed and monitored over several weeks. Eventually, after they undergo tests to ensure they are in a fit state, they are released back into the sea.”

            Vik the turtle is believed to be one of 300 hawksbills that hatched last summer in a protected nesting ground on the 9km stretch of beach outside the Monte-Carlo Beach Club, Saadiyat.

            The hawksbill, whose worldwide population has declined by more than 80 per cent over the last 100 years, is listed as critically endangered on the International Union for Conservation of Nature’s Red List. TDIC has a stringent conservation plan in place to ensure the turtles continue to thrive on Saadiyat — one of the creature’s dwindling number of habitats.

            In winter months when the sea is cold, turtles tend to rest under rocks in a dormant state. They eat less and, therefore, have less energy and when they surface to  breathe, they can be caught up in strong waves and swept ashore, where they can only survive for a couple of days because of the dry conditions and lack of food.

            Bondarchuk said: “We have learned all about the turtles and how special they are and I was happy to be able to be involved in saving this one.  We hope he has a fast recovery and can join his friends back in the open sea soon.”

            The club has started a ‘Turtle Track’ which will log the dates and times the turtles are found over the coming months and years. Members of the kids’ club — called the Turtle Club — will be asked to name future finds. The TDIC’s hawksbill turtle conservation plan consists of guidelines for the Saadiyat coastal dune system, guidelines for construction contractors during nesting season and rules for individual properties to ensure the turtles are not disturbed.

            It also has a dedicated resource to monitor all activities to ensure the environment is protected. Resort development is restricted to more than 60 metres back from the seaward edge of the coastal dunes, ensuring there is a buffer zone between construction and the turtles’ habitat. – Khaleej Times

 

UAE, ILO explore ways to fight human trafficking

            Brigadier Ahmed Mohamed Nakhira, Director of Human Rights, Ministry of Interior, received yesterday a delegation from the International Labour Organisation's department of migration and anti-trafficking. The meeting explored ways of boosting mechanisms of joint cooperation and coordination in combating crimes of trafficking in persons. Brigadier Nakhira briefed the ILO experts on the ministry's policies and legislations as well as security arrangements to fight the crime. - Emirates News Agency, WAM

 

Turkish President says Rixos The Palm" resort to open within weeks

            Turkish President Abdullah Gul on Wednesday announced that the "Rixos The Palm" resort in Dubai will open doors to guests within weeks.

            Gul made the announcement during a visit to the luxurious resort which is situated in the most prestigious part of Palm Jumeirah.  The resort is part of Rixos Hotels' portfolio. The Rixos luxury hotel concept, first launched in the year 2000, in Antalya, Turkey, is the brainchild of Turkish businessman Fettah Tamince. The hotel section of Rixos The Palm, Dubai consists of 234 rooms and suites, 33 well appointed residential apartments, and multi-dining Food and Beverage venues featuring innovative concepts for the Dubai market. - Emirates News Agency, WAM

 

Shippers must 'eye growth in new frontiers', says senior DP World official

            The shipping and port industry must watch out for new frontiers of growth and emerging new patterns in global trade amid mounting global uncertainties, said Mohammed Al Muallem, senior VP and managing director, DP World, UAE Region.

            Al Muallem was delivering a keynote speech at the second Middle East Liner Shipping Conference (MELSC) 2012 held in Dubai.

            The two-day annual conference, sponsored by DP World and supported by the Dubai Maritime City Authority (DMCA), is being held this week under the theme "Resilience Amid Global Economic Uncertainty - What Does the Future Hold for Middle East Liner Shipping?" Scores of industry leaders including ship owners and maritime analysts from around the region and outside are attending the event.

            Addressing the gathering, Al Muallem said, "The Middle East is among those regions that have reported decent trade volumes over the past two years." "DP World's experience shows that the emerging and developing markets offer new frontiers for growth for the industry as a whole. It is up to us, the shipping industry leaders, to explore these business opportunities," he added.

            "While the annual growth rate of global port throughput has almost halved from 14.1 per cent in 2010 to a projected 7.6 per cent in 2011, the change in the Middle East was from 7.5 to 7 per cent for the same period," said the DP World official, citing data from industry analysts Alphaliner DP World, he said, witnessed a return of volumes to the record levels of 2008 as early as in 2010 and posted a 10 per cent growth in gross volumes globally in 2011, with the UAE Region growing 12 per cent to 13 million TEU for the year.

            Al Muallem said, "This indicates the resilience of the region's liner shipping trade in the face of global economic uncertainties. The continued concern over the Eurozone and slow growth in other developed markets has meant there is a need for caution." "We must step up our efforts, individually and collectively, as industry leaders to look for new cost-effective solutions to encourage supply chain growth," he added.

            Referring to the persisting supply-demand imbalance in global container liner capacity Al Muallem stated that there were still challenges ahead at the global level that could potentially impact the region's supply chain sector.

            "The answer lies in pursuing value creation through innovative technology as DP World has done at our flagship Jebel Ali Port. Sustainability can only be achieved through superior performance that benefits customers," he noted.

            In December, DP World announced plans to expand capacity at Jebel Ali by a further 4 million TEU to reach capacity of 19 million TEU by 2014.

            Senior company executives are participating in panel discussions at the MELSC seminar including Nichola Siveira, operations support director, DP World, UAE Region, and Raveen Guliani, senior marketing '&' communication - Emirates News Agency, WAM

 

Tabreed stays cool to reap hot profit

            Tabreed more than doubled fourth-quarter profits in a significant turnaround, as the Abu Dhabi utility added more cooling capacity to developments that included the Dubai Metro.

            Tabreed has moved its business on to a sustainable footing after last year restructuring debt accumulated during the property downturn.

            "Tabreed has a solid fundamental business model driven by its core chilled-water business, underpinned by its strict cost discipline and continuously improving organisational efficiencies," said Sujit Parhar, the chief executive.

            Quarterly profits rose to Dh52.9 million (US$14.4m) from Dh21.1m in the same period a year earlier, it said yesterday. The firm's full-year net profit rose 34 per cent to Dh182.7m from Dh136.8m the previous year.

            The company's revenue from chilled water rose by a quarter to Dh943.8m during the year.

Capacity rose 8 per cent compared with the previous year, with 16 per cent more connections added. It built 11 plants during the year, eight for the Dubai Metro Green Line.

            Tabreed relies on demand for cooling buildings and other infrastructure projects for the water it chills at its plants. Its main clients are the military, plus property and industrial developers.

            But new construction will slow this year, says the firm. Instead, Tabreed will focus on earning revenues from existing capacity. As much as 95 per cent of the firm's plants are locked into long-term contracts.

            "We won't be finishing as many plants but we have been in the midst of an extraordinary building plan and as these are complete we will be reaping rewards," Mr Parhar said. The firm has funding in place up until the end of this year and plans to be self-funded from then on, he said.

            In April, Tabreed refinanced Dh2.63 billion in debt as part of a restructuring. Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, invested Dh3.1bn and increased its stake in the company.

            Mubadala now controls 27.3 per cent of Tabreed. The share includes a 14.8 per cent stake held directly by Mubadala and a further 11.29 per cent held through General Investments, a subsidiary.

            Tabreed's shares ended 0.55 per cent lower at 54 fils yesterday on the Dubai Financial Market. – The National

 

Abu Dhabi Media launches Hindi-language radio

            Radio Mirchi, a Hindi-language station, has hit the airwaves in the UAE as part of a global expansion drive by India's largest FM brand.

            The Bollywood star Rani Mukherjee was in Abu Dhabi yesterday to launch the station, which features a mixture of music and chat.

            It is part of a collaboration between the Entertainment Network, a subsidiary of The Times of India Group, and Abu Dhabi Media (ADM), which also owns and publishes The National. ADM will broadcast the station over three frequencies in the UAE, to target both audience share and advertising dollars.

            Malcolm Wall, the chief executive of ADM, said Radio Mirchi marked the company's first foray into Hindi-language broadcasting.

            He added that he saw a "gap in the market" for the station, for both commercial and public service reasons.

            "We're absolutely certain we'll make this self-funding, and a commercial success," said Mr Wall. "We're putting considerable investment in this; obviously we hope to see a return."

            Mr Wall said the station also had a public service function in helping the Government to reach out to the UAE's sizeable South Asian population.

            "On a public service basis, it is the only medium that we have that is in the Hindi language," he said. "To be able to offer that to the Government was also an important part of this launch."

            Prashant Panday, the chief executive of Entertainment Network (India), said the company had been planning to expand globally for some time.

            "This is the first time the brand is stepping outside India," he said.

            Mr Panday added that the company had received enquiries about launching the Radio Mirchi brand in "at least a dozen" other markets.

            These include the US, UK, Australia, New Zealand, other GCC countries, South Africa and Singapore, he said. Mr Panday said the company was also interested in opportunities in less-developed radio markets.

            "At some point in time we'd be very keen on entering China, eastern Europe - places where the radio market is not developed very much."

            The first Radio Mirchi station launched in 2001 and the brand now has a network of 32 stations across India and claims total audiences of 40 million.

            Mr Panday said Radio Mirchi was also looking to "bid very aggressively" for further licences in India. "We are 32 stations right now and we plan to expand that network very strongly [to] more than double, maybe triple," he said.

            In the UAE, Radio Mirchi will compete with a number of other radio stations catering to South Asian expatriates.

            These include City 101.6, which focuses on Bollywood entertainment, and Hit 96.7 FM, which is geared towards Indian expatriates from Kerala.

            Radio attracts a tiny proportion of the US$4 billion (Dh14.69bn) advertising spending in the Arab world, which is dominated by television and newspaper media. Mr Wall said he did not expect big gains in the UAE advertising market this year - but said he hoped to grow ADM's share of the radio market through the launch of the new station. – The National

 

Penguins set to make a big splash at indoor ski facility

            Newly arrived penguins appear to be quickly adapting to their sub-zero Celsius home at SkiDubai replete with an ice-cold swimming pool and private living quarters designed to replicate Antarctic conditions.

            Born and bred in captivity, ten King penguins as well as ten Gentoo penguins were flown 5,799km from SeaWorld in San Antonio, Texas to Dubai as part of the new Snow Penguins exhibit at the indoor ski facility.

            SkiDubai will open its penguin enclosure to the public on February 5.

            Fahad Al Lawati, manager commercial and communications for Majid Al Futtaim, said the new attraction will offer "a unique experience" to paid visitors in the coming years.

            Omar Al Banna, marketing and sales director for Majid Al Futtaim, said the arrival of the penguins will "add value to the community … and take SkiDubai to the next level."

            Noting that the birds were "hatched and raised in the care of humans," Al Banna said SkiDubai will "do what we can to protect the penguins and create awareness about the environment".

By offering residents through the Peng-Friend programme a chance to get up close and personal with the birds, the attraction will indirectly help conservation efforts aimed at preserving the natural environment.

            Newly established pairs are already courting in their new Dubai digs and it may only be a matter of time before SkiDubai could witness the hatching of native-born penguins in the emirate.

            As many as 20 public penguin encounters will be scheduled each day in which visitors over the age of three will be granted face time and underwater viewing of the birds swimming. Visitors at all times will be accompanied by staff. Personal cameras will not be allowed into the enclosure.

Tom Scheffer, SkiDubai operations manager, said "We're the first in the Middle East to have King penguins in our colony."

Captivity: right conditions seen

            Penguins right at home given right conditions. Dubai Marine ecologist Keith Wilson will be the first to tell you he's no expert on Antarctic penguins.

            But the marine programme director at UAE-based Emirates Marine Environmental Group said he has no objections to housing penguins in a specially-designed enclosure at SkiDubai given the birds were hatched and raised in captivity.

            By contrast, zoos and animal facilities can run into trouble when attempting to move wild animals caught in nature and penning them into man-made structures which is not the case with these penguins, he said. – Gulf News

 

Festival to light up Sharjah’s landmarks

            The second edition of the Sharjah Light Festival will introduce more spectacular shows and locations to attract more visitors. The festival will be held from February 9 to 17.

            First edition of the festival drew more than 90,000 visitors in 2011. The Sharjah Commerce and Tourism Development Authority (SCTDA), organiser of the festival, expects to entertain more visitors this year with the addition of new shows and installation of laser and sculpture lighting techniques, projection technology and 3-D mapping.

            Sheikh Sultan bin Ahmad Al Qasimi, Chairman of the SCTDA, said in a Press conference on Wednesday that the festival would present Sharjah’s popular landmarks using lights and colours, coupled with the ancient art of storytelling. “The festival achieved spectacular success last year, attracting tens of thousands of visitors to the emirate from across the country and beyond. This year, the festival promises to be even more magical and wonderful with new shows and fun and games at 12 locations across the emirate.”

            Michel Touitou, Managing Director of Nomada, the event partner of the SCTDA, told Khaleej Times that a combination of existing technology and some innovative techniques will be used this year. “This year, we are installing laser and will have some projection technology in Al Majaz Mazjid. Last year, there was no laser used and only two parts of the mosque were presented. Technically, this has never been done, and it will be fantastic challenge for our production team,” Touitou said.

            He also said that many places like the newly-completed Al Majaz Waterfront will have special lighting. “Nearby the Al Majaz fountain and the Cultural Square, we will install special sculpture lighting techniques imported from south of France,” Touitou said.

            Mohammed Ali Al Noman, Director-General of SCTDA, told Khaleej Times that he is positive of an increase in the number of visitors. – Khaleej Times

President receives new e-passport

            President His Highness Sheikh Khalifa bin Zayed Al Nahyan has received the new UAE electronic passport (e-passport) at Al Diyafa Palace in Al Mushrif in the presence of His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

            Sheikh Khalifa expressed his admiration on the modern design and high-tech features of the passport following its receipt from H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior.

            President Khalifa on the occasion said that this achievement comes in the framework of the implementation of governmental strategy on improving the government work to keep pace with international standards.

            He also stressed that these measures and initiatives will help in building a high-level security cover keeping pace with modern technological developments practiced in the most advance countries of the world.

            He expressed his appreciation to the leaders, officers and members of the Ministry of Interior pointing out that this achievement will foster efforts to further consolidate state's security and stability.

            The meeting was attended by H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in the Western Region, H.H. Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler`s Representative in the Eastern Region H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, H.H. Sheikh Hamed bin Zayed Al Nahyan, Chief of Abu Dhabi Crown Prince's Court, H.H. Dr. Sheikh Sultan bin Khalifa Al Nahyan, Advisor to the UAE President, H.H. Sheikh Mohammed bin Khalifa Al Nahyan, Executive Council Member, Dr. Sheikh Saeed bin Mohammed Al Nahyan, Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, Ahmed Juma Al Za'abi, Deputy Minister for Presidential Affairs along with a number of sheikhs, ministers and senior officials.

            Sheikh Saif on the occasion expressed his delight and said, "This national pilot project is another step towards modernisation of the country led by President His Highness Sheikh Khalifa and with the support of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai and Their Highnesses the Supreme Council Members and Rulers of the Emirates. " The Ministry of the Interior has recently started issuing the e-passports for citizens in accordance with the technical and security requirements issued by the International Civil Aviation Organisation, as it succeeded in the completion of the project before the deadline of 2014.

            The e-passport has a microchip in the last page that contains encrypted biometric data to prevent forgery. The passport photograph, signature and fingerprint are printed and cannot be modified.

            The first page contains a watercolour outline of the outer frame of Sheikh Zayed Mosque and the last page contains a drawing of the actual mosque with domes and columns. - Emirates News Agency, WAM

 

Mohammed bin Rashid, Gul explore ways of expanding scope of joint cooperation

            Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum and visiting Turkish President Abdullah Gul held yesterday talks at Zabeel Palace over ways of expanding horizons of the strong trade and investment relations to cover all sectors.

            Sheikh Mohammed hoped Gul's visit to the UAE would produce positive results that serve interest of the two friendly countries and peoples. Highlighting the current volume of trade and investment especially between private sectors in the two countries, Sheikh Mohammed lauded the role the Turkish companies operating in the UAE play in the building and construction.

            The Vice President also welcomed Turkish businessmen who have excellent relations with their UAE counterparts.

            For his part, the Turkish President, Abdullah Gul, expressed his delight at visiting the UAE and having talks with President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Sheikh Mohammed. He also marvelled at the civilisational and humanitarian progress the UAE has made, saying it reflects the far-sighted vision of the UAE leadership.

            The Turkish head of state viewed the UAE great achievements as a source of pride and ease to the leadership and people of Turkey. He hoped that channels of communication between the two countries would broaden in future.

            He asserted the vital role of the private sector in building strategic partnership between the two countries.

            The meeting was attended by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Aviation Authority and Chairman of Emirates Group, Mohammed Abdullah Al Gergawi, Minister for Cabinet Affairs, Sultan bin Saeed Al Mansouri, Minister of Economy, and a number of senior officials as well as UAE Ambassador to Turkey Khaled Khalifa Al Mua'alla and Turkish Ambassador to UAE Vural Altay.

            Later, Sheikh Mohammed hosted a luncheon in honour of the Turkish president and his accompanying delegation which was attended by a number of Sheikhs, ministers, and Turkish businessmen escorting President Gul.  - Emirates News Agency, WAM

 

President of Turkey calls for enhancing UAE-Turkish economic cooperation

            President of Turkey Abdullah Gul has urged the Turkish and Emirati business communities to benefit from the joint political will of the leadership in both countries and enhance trade and economic cooperation between UAE and Turkey.

            Addressing the Emirati-Turkish Business Forum organised by the Dubai Chamber of Commerce and Industry at the Jumeirah Beach Hotel yesterday, Gul praised Dubai's pioneering role in the world of business and finance.

            He encouraged the business communities in both countries to work to raise the level of bilateral trade.

            Gul commended the achievements of the trade sector in Dubai and noted that the emirate owns the largest airports and the seaports.

            A gathering of 500 businesspersons and officials from both countries including Sultan Al Mansouri UAE Minister of Economy and head of the Mission of Honour accompanying the Turkish Head of State and Finance Minister of Turkey Mehmet Simsek attended the forum.

            Gul said that since his last visit to the UAE earlier in 2005 as the Foreign minister of Turkey, Dubai's development has reached unbelievably higher levels.

            He called on the people in both countries to strive to develop the bilateral relations between UAE and Dubai at all levels benefiting from the common factors they share between them such as religion and culture.

            Gul encouraged UAE businessmen to invest in Turkey in the vital areas like agriculture and industry that will ensure food security. He also called for setting up joint projects in the avenues of tourism, transport and finance services. - Emirates News Agency, WAM

 

UAE and Turkey constitute a strategic economic power that can overcome the impact of global financial crises

            Sultan bin Saeed Al Mansoori, UAE Minister of Economy, and Mehmet Simsek, Minister of Finance of the Republic of Turkey, yesterday in a joint statement stressed the importance of the visit by Abdullah Gul, President of the Republic of Turkey, to the UAE, which contributes to the strengthening of bilateral relations, particularly economic ties.

            The statement also said that Turkey and the UAE constitute a strategic economic power in the Middle East which will allow both countries to overcome the impact of financial crises that can affect the whole world, including those in US and Europe.

            The statement came on the sidelines of the opening by the Turkish President of the UAE-Turkish Business Forum, organised by the Dubai Chamber of Commerce and Industry in cooperation with the UAE-Turkey Business Council, at the Jumeirah Beach Hotel.

            Al Mansoori stressed the strategic importance of this visit, which comes as the world faces significant economic challenges. He emphasised the importance of closer bilateral relations between the two countries and the consolidation of joint efforts to face global challenges efficiently.

            For his part, the Turkish Minister of Finance emphasised the importance of the visit by the Turkish President that contributes to strengthening social, cultural and economic ties between the countries. He said that that there are many strategic opportunities in both countries that must be seized to promote an exchange of investment and increase trade to achieve the common goal of both countries, and increase the level of trade to US$10billion by 2015.

            Al Mansoori also stressed the importance of the topics addressed by the Turkish President in a speech yesterday at the Forum. The President said that there is harmony in the cultures between the two friendly countries and there are many senior business people who live in the UAE and who have established businesses that have contributed to the economic boom of the UAE in general and the Emirate of Dubai in particular. The President considers that a positive step to build prosperous co-operation between the two countries at all economic, social and cultural levels.

            Al Mansouri emphasised the unique investment environment in the UAE, one which is supported by a culture of innovation and advanced infrastructure, coupled with a sophisticated business environment that has encouraged many global companies to set up their regional headquarters in the UAE.

            The Turkish Minister said that the UAE, as a gateway to the world, is a strategic partner for Turkey in the Middle East.

            Al Mansoori said that the eighth session of the joint committee meetings held in Abu Dhabi last February had achieved positive results that will contribute to strengthening bilateral relations between the two countries, especially in trade and investment, noting that the two countries confirmed their intention to increase the volume of bilateral trade and access to the level of US$10 billion by the end of 2015.

            Both sides stressed the importance of following up what has been agreed upon in the final statement of the Joint Economic Committee, where the two sides will submit a progress report every six months on implementing what was agreed upon. - Emirates News Agency, WAM

 

UAE becomes member of PUIC Executive Committee

            Palembang - The conference of the Parliamentary Union of the Organisation of the Islamic Conference (PUIC) has elected UAE as a member of the Executive Committee for the year 2012. The conference also selected UAE as a member in the Commission on Human Rights, Women and family. This came at the conclusion of the 7th conference of the Parliamentary Union of the Organisation of the Islamic Conference (PUIC) yesterday in the presence of Mohammed Ahmed Al-Murr, Speaker of Federal National Council and the accompanying delegation. - Emirates News Agency, WAM

 

The RCA is ushering into a new era of dedication and giving : Hamdan

            The UAE has made a qualitative leap in humanitarian assistance by focusing on development aid that achieves aspired social welfare in disaster-struck regions rather than delivery of immediate relief at times of crises, Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in the Western Region, and Chairman of the Red Crescent Authority, said.

            Sheikh Hamdan said the RCA has adopted a dynamic, vibrant approach to enhance world humanitarian and charitable works thanks to unshakable support by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

            Sheikh Hamdan expressed his hope that the world forces of good pool their energies and resources to address humanitarian challenges ensued from the mounting spells of catastrophes and crises and work together to ease suffering of victims and affected people.

            In a statement to mark the 29th anniversary of the creation of the RCA, Sheikh Hamdan made a passionate appeal to the world community to stand united and strongly against repercussions of the aggravating humanitarian suffering as a result of spread of poverty, hunger, diseases, displacement, refuge, homelessness and deprivation.

            ''The current humanitarian conditions require a strong act from the part of international community and its influential powers to strengthen solidarity in support of victims,'' Sheikh Hamdan stressed.

            He asserted that the RCA would remain committed to its humanitarian responsibility in line with the philosophy of the late founding father, Sheikh Zayed bin Sultan Al Nahyan.

            ''The RCA is ushering into a new era of dedication and giving to advance its drive and achieve its aspirations of alleviating suffering of the humanity and preserving its dignity,'' Sheikh Hamdan added.

            He said the RCA had made resounding achievements in the international humanitarian scene thanks to the unremitting support by good-doers and philanthropists.

            ''The RCA is the UAE window and ambassador to world humanitarian and charitable scenes and through its massive relief programmes it has extended bridges of peace and loving to peoples of the world who are reeling under brunt of suffering,''. - Emirates News Agency, WAM

 

Nahyan Bin Mubarak: Our leaders are keen on Emiratisation

            Sheikh Nahyan Bin Mubarak Al Nahyan, UAE Minister of Higher Education and Scientific Research, has officially inaugurated Tawdheef Recruitment Show, the UAE's leading careers event that supports Emiratisation.

            Taking place at the Abu Dhabi National Exhibition Centre (ADNEC) until 2 February, Tawdheef features more than 100 government and private organisations looking to meet with 26,116 pre-registered job-seekers and make a quick start towards their goals of hitting Emiratisation targets for 2012.

            Sheikh Nahyan asserted the keenness of the country's wise leadership on the process Emiratisation in order to give adequate opportunity to the people of UAE to prove their merit in various fields of work and contribute effectively to the development of the country.

            The Minister pointed out that the contribution of various public and private sectors by offering training programs and creating job opportunities for national graduates is proof of the sincerity of these sectors.

            After the official opening, Sheikh Nahyan toured the stalls hosted by public and private institutions, which number more than 100 companies and government agencies.

            Meanwhile, Chairman of the Abu Dhabi Tawteen Council Ali Rashid Al Ketbi stressed the importance of the career fair in creating jobs for citizens and contributing to the economic development of the country.

            At least 2,000 immediately vacant positions will be offered at the show spanning almost every industry sector including government, finance, healthcare, insurance, retail, tourism and hospitality, energy, industrial, media, recruitment, defence and security, IT, telecoms, transport and logistics.

            Among the headline organisations include Mubadala, which is looking to add 110 UAE Nationals to its employee roster. The Abu Dhabi government owned investment organisation will be conducting onsite interviews for selected applicants at the show.

            Industrial conglomerate General Holding Corporation (GHC) will recruit 198 UAE Nationals across its group of diversified companies, including Ducab, Emirates Steel, Arkan, Agthia and the National Petroleum Construction Company (NPCC), while the defence and specialised manufacturing investment holding company Tawazun has 90 positions immediately available and UAE homeland security company Advanced Integrated Systems has posted 200 vacancies.

            "For the first time in the exhibition's six year history in Abu Dhabi, only firms with immediate job openings for UAE Nationals are taking part," said Hayete Jemai, Exhibition Director for Tawdheef.

            "The number of Emirati jobseekers ranges between 12,000 and 13,000 annually in Abu Dhabi alone, with the emirate expecting to create more than 600,000 new jobs over the next decade. Tawdheef is a key link bringing together Emiratis and employers under one roof," added Jemai.

            Organised by Informa Exhibitions, Tawdheef is sponsored by the UAE Presidential Guard, Abu Dhabi Police, Abu Dhabi Islamic Bank and National Bank of Abu Dhabi (platinum sponsors), Abu Dhabi Tourism Authority, ADNOC and Etisalat (gold sponsors) and Etihad Airways, the Telecoms Regulations Authority (TRA) Abu Dhabi Health Services Company (SEHA), and Abu Dhabi National Insurance Company (silver sponsors). Abu Dhabi Airports Company has signed up as registration sponsor.

            Partnering with the show is the three-day Emiratisation Summit - the only event to address the Emiratisation HR lifecycle, focusing on the three core dimensions of UAE National talent management: recruitment, retention, and professional development.

            The programme features four post-summit workshops on Thursday 2 February and has an expert line-up of training, recruitment, and development professionals from 15 organisations, including the Khalifa Fund for Enterprise Development, the Dubai Department of Economic Development, Unilever KSA and Gulf, and Al Futtaim Group.

            The first two days of Tawdheef are reserved for Emirati job seekers only, with the final day open to all other nationalities. On 1st February 2012, from 11am - 2pm, the show is reserved for ladies only.  - Emirates News Agency, WAM

 

Ministry of Labour launches labour market information system

            The Ministry of Labour launched yesterday the first phase of the labour market information system with the aim of formulating adequate and proper policies to improve performance of job market and facilitate decision-making to deliver best results in recruitment of UAE nationals and contractual foreign workers.

            Addressing a special ceremony held on that occasion here yesterday, Minister of Labour Saqr Ghobash said the system fits well into the UAE Vision 2021 which highlights enhancement of participation of national workforce, building their capacities and augment of their efficiency, flexibility and productivity in the local labour market through fully integrated policies.

            ''The system underlines the Ministry's commitment to materialising its vision of having a vibrant, stable labour market and a highly productive workforce to support a competitive knowledge-based economy centred on the UAE national,'' the minister added.

            The system, he indicated, was drawn in coordination with strategic partners based on strategic plan and effective governance system, to meet priorities, objectives and requirements of the local labour market and support decision- and -policy makers.

            ''We worked last year with the World Bank and our strategic partners under the massive technical cooperation programme to design and develop the system,'' he explained.

            According to him, the system will create a data base of statistics and information based on labour market indicators as registered with the Ministry of Labour.

            The data, he added, will be accessed through conclusion of memoranda of understanding with stakeholders through which the data bank will be completed by the end of 2013.

            Six memoranda of understanding were signed yesterday with Federal Council for Demographic Composition, National Bureau of Statistics, National Human Resource Development and Employment Authority (TANMIA), Abu Dhabi Tawteen Council (ADTC), Statistics Centre - Abu Dhabi (SCAD) and Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF).

 

etisalat reduces GCC roaming rates by up to 26%

            As good piece of news for travellers to any of the Gulf Cooperation Council (GCC) countries, etisalat announced that it has reduced its GCC roaming tariffs. etisalat's prepaid and post-paid customers will now pay up to 26% less on outgoing voice calls when travelling to any GCC country, namely, Bahrain, Kuwait, Oman, Qatar or Saudi Arabia.

            Commenting on the reduction, Matthew Willsher, Chief Marketing Officer at etisalat, said, "etisalat is committed to offering customers best-in-value mobile services, whether they're in the country or travelling abroad. Our customers have been benefitting from reduced roaming prices since 2010 when we introduced up to 48% discount on GCC roaming rates. These further tariff reductions spell huge benefits for holidaymakers and business visitors from the UAE to any GCC country." Customers need not subscribe for the new roaming prices before travelling. The new tariff will be applied on default when the customer travels to any GCC country and makes a voice call using any GCC roaming partner network.

            etisalat's roaming offers provide customers with attractive roaming plans on the region's widest roaming network partnership with nearly 650 networks for voice, across 190 countries globally. - Emirates News Agency, WAM

 

DP World grows container volumes 10% in 2011 to reach 55 million TEU

            Global marine terminal operator DP World yesterday announced another record year for container handling, with over 54.7 million TEU (twenty-foot equivalent container units) handled across its global portfolio in 2011, an increase of 10% against the prior year. Like for like volume growth was equally strong at 9% when compared with last year.

            ''Our portfolio of consolidated terminals handled 27.5 million TEU during 2011. Had our five terminals in Australia not been deconsolidated from 12 March 2011, the consolidated terminals would have delivered 9% growth ahead of the prior year. Like for like growth across our portfolio of consolidated terminals was 8%,'' Chairman, Sultan Ahmed Bin Sulayem commented.

            The growth across our portfolio was driven by an exceptionally strong performance in the UAE region which delivered volume growth of 12% handling 13.0 million TEU for the year. The UAE region has gone from strength to strength during 2011 with each quarter delivering yet another record performance culminating in 16% volume growth in the final quarter of 2011.

            Alongside this excellent performance in the UAE region, we saw strong results from Asia Pacific, Africa and the Americas region together with the addition of new capacity from our terminals in Karachi, Pakistan and Vallarpadam, India both of which opened in early 2011.

            He added: "DP World delivered another strong performance in the final quarter of the year despite the macro economic uncertainty. These results are a reflection of our continued focus on those regions which are seeing strong trade growth in addition to the continued focus by all our terminals on providing customers with a first class service when they call at DP World terminals.

            ''Our flagship terminal in the UAE has yet again exceeded all expectations delivering another record year as it continues to position itself as the gateway port of choice to handle cargo destined for the Middle East, India and Africa regions.

            "Whilst uncertainty continues to affect the global economy, our business is still performing well. We made good progress through the fourth quarter of 2011 and we will achieve 2011 full yea

            EBITDA in line with expectations. Lower than expected net financing charges will benefit reported profit before tax." Chief Executive Officer, Mohammed Sharaf said: "Whilst this uncertainty remains as we enter 2012, we continue to concentrate on delivering an improved operational and financial performance over 2011 reflecting our focus on both faster growing emerging markets and delivering an enhanced offering to our customers.

            "As we look ahead, we continue to remain confident about the long term outlook for our industry. We believe our continued investment in existing and new terminals around the world will ensure our portfolio is best positioned to meet the expectations of our customers and their future requirements.".  - Emirates News Agency, WAM

 

Abu Dhabi Aviation flying high with helicopters

            Abu Dhabi Aviation, the largest commercial helicopter operator in the Middle East, posted a 22 per cent rise in its annual profits last year as oil companies, medical emergencies and VIPs kept its aircraft aloft.

            Its wide geographic reach from Abu Dhabi to Papua New Guinea also helped the operator manage the global downturn, said Ashraf Fahmy, the chief financial officer of Abu Dhabi Aviation.

It netted a profit of Dh280 million (US$76.2m) last year, up from Dh230m the year before.

            The firm's shares closed higher at Dh3.31 on the Abu Dhabi Stock Exchange General Index yesterday.

            "We have sustained our growth and have not been affected severely by the downturn in the economy," he said. "Our diversification by sector and geography has helped us to ride the downturn."

Abu Dhabi Aviation's results included the contributions of Royal Jet, a business jet operator in which it owns a 50 per cent stake, and Maximus Air Cargo, its 95 per cent-owned freight operator in Abu Dhabi. Royal Jet performed better through increased flying hours after successfully completing a restructuring last year. A sale of aircraft used by Maximus also helped to boost figures.

            Other than operating a small number of flights for passengers leaving Egypt, Abu Dhabi Aviation gained little from the Arab Spring, he said. Instead, appetite remained strong from its core business of transporting staff working for offshore oil firms, he said. Other activity included medical evacuations and its aircraft in Spain helping to fight fires.

            The firm also operates in Australia, Papua New Guinea, Brazil and Saudi Arabia. Abu Dhabi Aviation is 30 per cent-owned by the Abu Dhabi Government, with shares in the remaining 70 per cent of the company held by UAE nationals.

            This year, the company hopes to begin operations on its joint venture with Mubadala Aerospace, part of Mubadala Development, to set up an advanced flight training facility in the emirate. The partnership with Mubadala's subsidiary Horizon Flight Academy will cater to global commercial and defence customers.

Mubadala Development is a strategic investment company owned by the Abu Dhabi Government. – The National

 

Sharjah discoveries could help fight Alzheimer's and breast cancer

            Chemical compounds that could combat the cells responsible for Alzheimer's disease and breast cancer have been discovered in a groundbreaking research project by local academic institutions.

            Two separate three-year studies conducted by the University of Sharjah, the Sharjah Medical Research Institute and the Sharjah Academy for Scientific Research have found 15 compounds that have the potential to fight cells that cause Alzheimer's and three compounds that could combat cells responsible for the progression of breast cancer.

            The results have been picked up by international medical journals, including the American Journal of Medicinal Chemistry, and the university has been approached by pharmaceutical companies and medical organisations, including the Inserm institute in Paris.

            Professor Samy Mahmoud, chancellor of the University of Sharjah, described the initial findings as a "significant step forward" in medical research, and said the goal will be "transferring technology into industry".

            "But by no means is it the final step," he said. "We indeed have a long way to go. The next stage is to synthesize the medical material from these compounds and apply it to clinical experiments on animals and human beings, and in that respect we have made strong affiliations and legal agreements with a number of world class organisations."

            Dr Taleb Al Tel, the associate professor of organic medicinal chemistry at the university, said it could take between seven and 12 years to develop a drug and make it available for human consumption.

            The research methodology, which was similar across both studies, involves identifying the enzymes that cause both diseases, then using a sophisticated computer program to test the potential success of chemical compounds.

            Based on theoretical results from the computer simulation, the compounds are then synthesized and tested in the laboratory against cells that have a high concentration of these enzymes.

            However, as the compounds progress from laboratory to clinical trials, there are a number of obstacles that researchers must be prepared for, particularly when it comes to a disease like Alzheimer's, which is yet to have a cure.

            "Although the disease was discovered in 1906, its pathology was only understood in the '90s," Dr Al Tel said. "And since then, most of the drug discovery companies and institutions around the world are facing this challenge."

            Insufficient data on the prevalence of Alzheimer's as well as misdiagnosis are some of the challenges faced in the UAE, said Prof Hossam Hamdy, vice chancellor of medical and health sciences colleges at the university.

            "Part of the confusion is between Alzheimer's and senile dementia, which can naturally occurs in old age," he said. "However, Alzheimer's has its specific psychological and physiological tests and kicks in at an earlier age."

            Experts estimate that the rate in the UAE is similar to other countries. Figures from the Alzheimer's Association in the United States show that one in eight people aged 65 and older, and nearly half of people over 85, have the disease.

            "There's no reason to believe there's vast variations between one country or another," Prof Hamdy said. "It's just that the statistics in some countries are more accurate and have been gathered correctly … but like everything else, the UAE is making tremendous steps to identify, diagnose and classify different prevalent disease."

            Parallel to the Alzheimer's study was research conducted on breast cancer cells. About 110 chemical compounds were tested against melanoma and breast cancer cells, of which three were found to have significant potential in combating the cells responsible for breast cancer.

            Referring to a 2008 study by Tawam Hospital, UAE University and the Department of Preventative Medicine in Al Ain, Raafat El Awady, associate professor of pharmacology at the University of Sharjah, said there is now strong evidence that cancer is the leading cause of death in the UAE.

            "Previously, it was thought to come third after cardiovascular disease and traffic accidents," he said. "This confusion was mainly because when the patient's heart would stop, physicians would write on the death certificate that the cause of death was cardiac arrest, when in fact it was not."

            Both projects are now at the pre-clinical phase, and Inserm will provide the university with up to 3,000 cancer cell lines for testing.

            The process of drug discovery, starting with forming compounds in the organic chemistry labs and ending with clinical trials on patients, usually costs between US$800 million (Dh2.9 billion) and $1.5bn.

            However, the academics' efforts are not thwarted by cost because of support from the Sharjah government, which founded, funded and provided the infrastructure for the three institutions. – The National

 

Emirates Palace wins four distinguished What's On Awards 2011

            Emirates Palace, the Kempinski managed jewel, has once again received praise for its exquisite dining venues, winning four prestigious awards for its renowned dining restaurants; Hakkasan, Mezlai and Etoiles, at the recent Abu Dhabi What's on Awards 2011.

            Renowned across the world for its modern Chinese cuisine, the elegant Hakkasan restaurant located in the East wing of the Palace scooped the "Restaurant of the year" and "Favourite Far Eastern Restaurant" awards for its reinvention of classic Chinese dishes, sophisticated style and seamless service.

            Mezlai restaurant, the first of its kind in the world that specialises in UAE cultural cuisines, also received recognition by winning the "Favourite Middle Eastern Restaurant". Chef Ali Ebdowa said, "In the Kitchen, we try to add the UAE's cultural dishes on the global culinary map. This award is an honour to all of us and a strong push to continue the hard work of more innovation and creativity." Etoiles was nominated before for Best Newcomer Restaurant of the Year 2008. It is now becoming one of the most reputed night clubs in the capital and has just recently been awarded the capital's "Favourite Night Club" for the year 2011.

            Bugra Berberoglu, General Manager of Emirates Palace Hotel, was delighted by this achievement and said, "Winning the What's On Awards highlights the excellent cooking choices available at the Emirates Palace and we are proud to formulate new standards of excellence with achieving these prestigious titles in the field of cuisine and restaurants." - Emirates News Agency, WAM

 

National Geographic Abu Dhabi Unveils Photomentaries 2012

            National Geographic Abu Dhabi is set to launch Photomentaries 2012 on February 1st, a one month-long festival that celebrates photography in the region. Photomentaries comprises of a TV series featuring the world's most amazing photography assignments undertaken by National Geographic photographers, as well as a photography competition with the theme Capture Life in Motion.

            The Photomentaries TV series will feature seven episodes (Lava Hunter; Maori Up Close; Pollinators; Wrecks To Reefs; Secret Voices; Killer Current and Lightning) which explore how the world's most renowned photographers face the extreme in their quest for the perfect shot.

            The photo contest is the second National Geographic Abu Dhabi photography contest in the Middle East, and under the theme Capture Life in Motion', looks at how the world around us is in constant motion. Open to the public across the Arab World, the contest invites people to use their photography skills to capture dynamic pictures conveying life in motion, for a chance to win a range of impressive prizes.

            The winning entry (Grand Prize) will feature in National Geographic Al Arabiya Magazine and receive photography equipment worth US$5,000. Runners up will get photography accessories worth US$2,500 and US$1,500 respectively, in addition to featuring the winning photographs on National Geographic Abu Dhabi TV. Entries can be submitted, along with a caption explaining the inspiration behind the photograph, to natgeotv.ae/photomentaries from February 1-29th.

            "We received a phenomenal response to PHOTOMENTARIES in its inaugural year. The episodes were amongst the top-rated shows on our channel and the contest received a record 30,991 entries. It has proven to be a great platform for us to showcase the key attributes of brand National Geographic and reach out to audiences interested in the subject of photography." said Rohit D'Silva, Senior Vice President and General Manager (Middle East '&' North Africa), National Geographic Abu Dhabi.

            The contest's judges include of George Steinmetz, a renowned National Geographic Photographer and Mohamed Al Hammadi, Editor in Chief of National Geographic Al Arabiya Magazine.

            "To be featured in National Geographic magazine is every photographer's dream," said Mohamed Al Hammadi. "Imagery is an integral part of everything that we do, and this contest is a unique opportunity for keen photographers to demonstrate their capabilities to a regional audience".

            Contest judge, George Steinmetz, said: "Earlier in my career, I ventured into the remotest stretches of Arabia's Empty Quarter. It gives me great pleasure to come back to this region and be involved in judging this unique contest, contributing to the development of local photography talent".

            Judging will consist of two rounds of evaluation. In round one, each judge in a panel of photographic experts will select 10 entries in each category from among all eligible entries, based on creativity and photographic quality. Entries selected in round one will then proceed to round two, where the judges will select three winners (1st, 2nd and 3rd) from amongst the short listed 10 entries.  - Emirates News Agency, WAM

 

ADACH unveils plans for Al Ain National Museum '&' Hili Archaeological Park

            The Abu Dhabi Authority for Culture '&' Heritage (ADACH) has unveiled its plans for two key projects in Al Ain, the Al Ain National Museum (AANM) and Hili Archaeological Park (HAP), which were both publicly announced by the Abu Dhabi Executive Council last week.

            The AANM forms part of the Al Ain Oasis Cultural Quarter Master Plan and is located within the centre of downtown Al Ain within an Eastern Cultural Campus that is a flagship cultural quarter for Al Ain. It will celebrate the heritage and culture of the city - at the point where the city and nature meet at the edge of the Al Ain Oasis.

            Hili Archaeological Park is an internationally significant archaeological site, comprising unique Bronze Age, Iron Age and Islamic remains. The project will protect and preserve the site and its archaeology, and create a centre of learning and discovery where visitors will engage with the history of the site, the early roots of the UAE, the lives of the people who inhabited this landscape, and how the work of archaeologists and the late Sheikh Zayed (May God Bless His Soul) uncovered Hili's rich history.

            The Chairman of ADACH, Sheikh Sultan Bin Tahnoon Al Nahyan stated "These are two very significant projects, that are drawing on the resources of this country's heritage and protecting them. The Al Ain National Museum will provide the intellectual foundation of a Cultural Quarter. Hili Archaeological Park will enclose some of the most important Bronze and Iron Age tombs, settlements and falaj systems found in the United Arab Emirates.

            "The World Heritage Site status that was awarded to Al Ain recently is further testament to Abu Dhabi continuing to be developed as one of the main international centres of culture by embracing and valuing its cultural diversity and making it an attractive visitors destination.

            Mohammed Khalaf Al Mazrouei, Advisor for Culture and Heritage in the Court of His Highness the Crown Prince of Abu Dhabi and Director General of ADACH, said "These two landmark projects cultivate Cultural Heritage promotion and development which will be at the forefront of our plans. ADACH aims to diversify the economy and drive development in the emirate.

            "Hili Archaeological Park, the surrounding landscape and the new Al Ain National Museum will be the focus of heritage learning, enjoyment and events for residents and visitors and will be the central place for understanding and engaging in the city's rich past, vibrant present and exciting future. These developments will be gateways to the internationally significant UNESCO World Heritage Sites of Al Ain including the Oasis itself." Dr. Sami el Masri, Deputy Director-General for Arts, Culture and Heritage and Director of Strategic Planning and Development at ADACH, said "The Al Ain National Museum project will revitalise this institution in ADACH's Museum Department and be the anchor for the Eastern Cultural Campus. It will be an exemplary modern, urban, archaeology and cultural history museum. The museum will be the centre of the cultural life of the city - and a gateway to its many treasures and stories.

            "The strategy of ADACH is to protect and maintain Abu Dhabi's resources and ensure and reinforce the role of culture and heritage as both an important educational and cultural tool. ADACH is as much about the present and the future as it is about the past. - Emirates News Agency, WAM

 

Ajman to have a heritage encyclopaedia

            H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman said experts were finalising the work on Ajman heritage encyclopaedia. ''The idea is good and the working team is making tremendous efforts to bring it into life, ''Sheikh Ammar said while chairing the first session of the Ajman Executive Council for 2012.

            Progress on establishing a local council for coordinating charitable activities in Ajman was also reviewed. Sheikh Ammar said the council would facilitate exchange of information, expertise and best practices and chalk out regulations and systems of charitable works in compatible with local laws and with international best standards. Studies on basic requirements of targeted groups will be conducted to ensure better delivery of assistance. Joint investment and endowment projects will also be launched to increase financial resources for charitable works locally and abroad.

            The council discussed the project of establishing Al Naseem nature reserve at Manama.

            The 11 million square feet sanctuary aims to maintain the eco-balance and flora biodiversity and to protect the endangered indigenous plants. The council recommended that the reserve take the status of a national recreational and tourist park. - Emirates News Agency, WAM

 

Dubai Municipality to observe World Wetlands Day on Thursday

            The Environment Department of the Dubai Municipality will join rest of the world in observing the World Wetlands Day on Thursday with a variety of activities to protect the flora and fauna and its development.

            The initiative is a manifestation of civic body's support to the worldwide campaign to spread awareness on the significance of wetlands' protection and conservation. The municipality has charted out various activities to mark the occasion under the title "Wetland Tourism: A Great Experience".

            The day is observed responding to the decisions of the Johannesburg convention. It marks the date of the adoption of the Convention on Wetlands on 2 February 1971, in the Iranian city of Ramsar on the shores of the Caspian Sea.

            Eng. Hamdan Al Shaer, Director of Environment Department said the Municipality has understood the importance of these natural spots for human beings and the natural life. "Studies and researches are going on to prepare a national strategy on protecting wetlands with the cooperation and participation of a number of ministries and government and private bodies," he added.

            Al Shaer noted that department has agreed to take necessary actions to protect the wetlands and as part of this detailed survey, a study is being conducted on the wetlands in the emirate in order to prepare a national strategy on protecting wetlands. - Emirates News Agency, WAM

 

UAE to host world skeet shooting championship 2013

            H.H. Sheikh Mohammed bin Khalifa Al Nahyan, member of Abu Dhabi Executive Council, attended yesterday a ceremony held at his palace to sign contracts for the World Skeet shooting Championship, to be hosted by the UAE in April 2013 at Al Ain Equestrian, Shooting and Golf Club.

            The contracts for hosting the championship were signed by Major General Ahmed Nasser Al Raisi, Chairman of the UAE Shooting Association and Major General Medhat Wahdan, Vice President of the International Shooting Sport Federation (ISSF). - Emirates News Agency, WAM

 

Dubai Shopping Festival: A big bag full of records

            Records, as they say, are made to be broken. However, some records stand too high and others just stare at them in awe, let alone break them. Dubai — the city of superlatives — appears to be a place that takes its records very high — longest, largest or farthest — and also very seriously.   That's why most of its records still stand.

            A world record is usually the best global performance recorded and verified in a specific skill or sport.

            While taking account of Dubai's world record feats, one loses count. It took a while to gather the information, even for the Guinness World Records — the entity that keeps track of all records, to fathom the depth of the matter.

            The book, Guinness World Records, collates and publishes significant records of all types, from first and best to worst human achievements, to extremes in the natural world and beyond. It has listed one million world records so far. Last year it listed 65,000 record claims and added 4,000 new updated classic records.

            Dubai has achieved a reputation for having the world's tallest man-made structure, tallest tower, tallest all-hotel tower, tallest all-residential tower, biggest shopping mall, longest driverless urban metro rail system, home to the world's largest travel retailer Dubai Duty Free, as well as the hub of the largest international passenger carrier — Emirates.

            Few would doubt these feats, which collectively raise the international profile of the city.

            But lots of people, including many of this thriving metropolis' residents, do not realise that the city has also achieved one of the largest numbers of other world records including the world's biggest shopping trolley, largest human flag, the longest Mercedes convoy, making the world's largest bed, largest buffet, largest pillow fight, largest wallet, biggest handmade local head dress; largest collection box and largest biryani — among many others.

            Most of these were created during the 16 editions of the annual Dubai Shopping Festival (DSF) — the largest retail and entertainment event in the Middle East — and endorsed by Guinness World Records.

Ideal platform

            "Approximately 70 per cent of the record attempts in the UAE are held in Dubai. We only have statistics per country, not per city, so we cannot compare Dubai to other major cities," Anne-Lise Rouse, UK and International Press Officer of Guinness World Records, told Gulf News, when asked how Dubai fares among other cities.

            The three countries holding the most Guinness World Records are the United Kingdom, United States and Germany, she said.

            DSF has become an engine of growth and diversification for Dubai's retail sector, adding an average Dh10 billion in revenue annually.

            With promotional offers and discounts of up to 75 per cent in 70 malls and 6,000 shops, more than Dh100 million worth of raffles and prizes including luxury cars, gold and cash, and more than 150 indoor and outdoor events during the 32-day festival, the DSF has broken more than 50 Guinness World Records. Another record — the biggest makeover — will be set during Dubai Fashion 2012 on February 4 at the Dubai Mall.

            "Regarding DSF, we can definitely say that they are one of the most active record holders in the UAE as they have organised record attempts regularly over the years, and still do," Rouse said.

            A recent survey by YouGov found that retail, travel and hospitality spending during DSF 2011 contributed Dh15.1 billion to Dubai's economy, including Dh5.9 billion spent by regional and international visitors, and Dh6.6 billion spent by residents of other emirates. "The Dubai Shopping Festival has always been an ideal platform for creative and innovative ideas and events. The colourful and flexible nature of the DSF makes it a great opportunity for all shoppers and visitors to interact with the festival on so many levels. Breaking world records was and always is a great feature of every edition. It was inspired by the spirit of the City of Dubai in achieving the impossible, and testing the limits of human capabilities whilst pushing it to its boundaries of creativity and imagination," says Laila Suhail, CEO of Dubai Events and Promotions Establishment, DSF organisers.

            "In addition, most of the world's record-breaking events are social activities in which families and individuals of all nationalities and ages meet and enjoy the festive ambience during each attempt, and that is the core value of DSF. We are very happy and proud to contribute to positioning Dubai as the city of the most world records breaking successful attempts at the famous world records which also highlights the drive for excellence in our city on a global scale."

            Throughout the month-long festival in 2011, more than 3.98 million people participated in DSF-related activities — including 884,660 regional and international visitors and 3.1 million UAE residents. Guinness World Record's adjudicator Talal Omar, who is in charge of the UAE, says, "Dubai and the UAE are definitely the largest host of world records in the Middle East and one of the largest in the world.

Simple question

            "That's why, to support these world record attempts, we had launched a pavilion at the Global Village and we are planning to open our first Middle East office in Dubai in April this year."

Guinness World Records is the world's best-selling record book, selling 3.5 million copies a year and its website receives 11 million visitors per year.

            The 56-year history of Guinness World Records began with a single question.

            During a hunting party in County Wexford, Ireland, in 1951, Sir Hugh Beaver — then managing director of the Guinness Brewery — asked a simple question: "What was Europe's fastest game bird?"

            Despite a heated argument and an exhaustive search within the host's reference library the answer could not be found.

            Sir Hugh realised that similar questions were going unanswered all around the world, and that a definitive book containing superlative facts and answers would be of great use to the general public. With the help of the London-based fact-finding twins Norris and Ross McWhirter, he set about bringing this definitive collection of superlative facts to reality. On August 27, 1955, the first edition of The Guinness Book of Records was bound and, by Christmas that year, became Britain's number one bestseller.

            Over the years, copies of The Guinness Book of Records — later renamed Guinness World Records — have continued to fly off bookshop shelves.

It is one of the world's best-known brands with 98 per cent prompted recall in the English speaking world.

 

19961. The longest cake: The massive cake, stretching 2.53 kilometre weighed 74,000 kilogrammes, was baked as a tribute to the late UAE President H.H. Sheikh Zayed Bin Sultan Al Nahyan. The cake cost US$82,000, was baked by 507 chef’s from 23 of Dubai’s premier hotels and formed the main highlight of the UAE’s National Day celebrations in 1996.

 

1999
2.
The longest and heaviest gold chain: Measuring 4,382 metres, this mammoth gold chain weighed 238 kilogrammes. Sponsored by AngloGold, this was made by Siroya Jewellers.

3. The largest mattress: Measuring 10 metres long and eight metres wide with a thickness of 60 centimetres, the world’s longest mattress weighed 2.5 tonnes. About 45 people made this over a 10 days period. It took over 700 man hours to make and four hours to move the crane.

4. The world’s longest sofa: The 100-feet-long sofa beat the previous world record of a 24-feet sofa, made in England.

5. The largest stationery bicycle: The bicycle was 7.5 metres high with a six-metre diameter front wheel and 1.7 metre diameter back wheel. Six persons took six months to complete the bicycle.

6. The largest chair: The wrought-iron chair was 7.56 metres high and 3.2 metres wide.

 

2000
7
. The largest Shawarma: Consisted of 1,850 kilogrammes of boneless chicken; cooked in a specially fabricated grill of six metres on March 24, 2000.

8. The biggest raffle of Rolls Royce cars: During DSF 2000, Dubai raffled off 31 Rolls Royce silver seraph cars, in addition to 31 Nissan Patrol 4-wheel-drive vehicles and 57 kilos of gold. This was the biggest single order the UK-headquartered company has received in its 98-year-history.

9. The largest greeting card/message board: Measuring 157.5 metres in length and 2.5 metres in width, it was spread out in an area of 393 square metres.

10. The longest taxi parade: Dubai Transport Corporation assembled 1,100 taxis from its fleet to create the new world record, on March 24, 2000. The taxis drove in a parade through Sheikh Zayed Road to Al Seef Street.

11. The biggest cradle: Measuring 24 feet in length, 18 feet in height and 12 feet in width, enough to accommodate up to 50 babies.

12. The biggest spaghetti bowl: As much as 703 kilogrammes of spaghetti was cooked with 500 kilogrammes of sauce and was consumed in an hour’s time by 5,000 people at Al Shindagha.

 

2001
13
. The world’s largest incense burner (Madkhan): Weighing about 1,000 kilogrammes, this was created by Ajmal Perfumes.

14. The highest number of candles lit on a cake: A total of 2,100 candles, each measuring 18 cm in height, were lit. The 2,100 number represented the number of rooms then available with the Rotana group of hotels in the UAE.

15. The biggest bowl of biryani: Breaking the previous world record of 1,500 kilogrammes, the world’s biggest bowl of biryani weighed 1,885.4 kilogrammes. More than 8,000 bowls of biryani were distributed at the Shindagha heritage site.

16. The tallest Croquembouche: It took 2,600 hours of labour and was made from 140,000 choux buns, 10,800 eggs, 360 kilogrammes of flour and 240 kilogrammes of butter.

17. The largest shopping bag: Measuring 71 inches in height, 47 inches in width and 9 inches in circumference, it was made by Paris Gallery, as part of the DSF.

18. The largest collection of photographs based on a single concept: Was organised by Kodak with its collection of 10,610 photographs.

19. The largest collection of miniature models: Was made by Suhail Al Zarooni - the then 31-year-old UAE businessman who beat his own record, with a collection of 2,000 miniature model cars dating back to 1886.

 

2002
20
. The biggest entry visa: Issued by The Dubai Naturalisation and Residency Department (DNRD), measuring 0.7 m x 1 m it was issued to Kholoud Younis, a Palestinian from Dammam, Saudi Arabia. She was on a 10-day visit to Dubai with her two sons Luai and Mohammed. The visa, a giant version of the regular A4-size document.

21. The biggest box of chocolates: A massive version of the Galaxy Jewel box, weighed 856.55 kilogrammes, was manufactured by Master Foods ME. It beat the previous record of 85 kilogrammes more than 10 times. The previous record was set in New York City on Valentines Day in 2000.

22. The biggest Oud: Manufactured by Mohammed Fadel Music Establishment, a family-run business in Sharjah, it measures 3.8 metres long and two metres wide. Its neck alone measured one metre (compared with 20 cm for a regular oud). Like the original Arabic musical instrument, the giant version has five double strings and 12 keys.

23. The biggest magazine: The Dubai-based cosmetics chain Paris Gallery unveiled the world’s biggest magazines at the Union House. The 100-page colour magazines, measuring 67 cm x 98 cm, was printed on glossy paper and contained regular articles and ads from “Paris Gallery” magazine.

24. The longest continuous watercolour painting: Involving one-the-spot work by more than 1,000 students, faculty and staff of Zayed University, the university broke the record previously held by students and staff of G. Marconi School in Italy which painted 280 by 1.7 metres. Zayed University produced a continuous watercolour painting 340 metres long and two metres wide on a roll of recycled paper, with a total painting area of 680 square metres.

 

2003

25. The largest flower carpet: Cultivated by Dubai Municipality was displayed at Safa Park. The largest flower carpet measured 2,040 metres long and had 65,210 flowers of varied colours. The current record in this category was in Belgium, which was 300 square metres, and displayed in August 2002.

26. The biggest Abaya: Ghareem Shaila and Abaya sponsored the largest Abaya at 8.37 metres long and 3.66 metres wide.

27. The biggest Ghutra and Ogal: Head gear was 58 metres long with 15 centimetres thickness and a diameter of 70 metres

28. The biggest prayer rug: Created by Al Salem Group, was 10 metres long and 4 metres wide.

29. The biggest photo album: About 240 centimetres long and 120 centimetres wide contained pictures of DSF 2002.

 

2004

30. The largest calendar: Created by Qassim Al Hammadi features pictures of the rulers of Dubai. The calendar measures 1.5 x 2.1 metres and has 14 pages.

31. The largest shopping trolley: Stood 10.5 m (34.4 ft) high from ground to handle, with a basket 6.88 m (22.57 feet) long (top edge) and 4.46 m (14.63 feet) wide. The wheels measured 0.79 m (2.59 feet) in diameter. It was made by the Al Safeer Group and Century Shopping Mall in an attempt sponsored by Dubai Duty Free and was unveiled at the DSF, UAE on 6 February 2004.

32. The largest photo panel: Features a mosaic of pictures of babies of the UAE. Residents from at least 50 countries in the emirate sent photos of their babies below the age of five for this display. The event set a new record of accumulating 18,907 pictures. The world record in this category was 16,609 photographs of smiling Greeks welcoming the Olympics back to Athens.

33. The largest paper clip: Weighs 480 kilogrammes and is made out of a 9.7 metres steel bar, 5.7 centimetres thick, three metres high, and in a 1:60 ratio to an actual clip. Twenty-five workers worked to created this marvel.

34. The longest food buffet: Set in the Zabeel Park, more than 150 staff from five hotels chosen by the DSF committee served 515 dishes at the buffet. The world record was previously held by Las Vegas Hilton, which served a 510-item buffet in celebration of Alka Seltzer’s 75th anniversary.

 

2005

35. The largest collection box: Produced as part of the DSF 2005, the largest collection box has a total volume of 13 cubic metres (459 cubic feet) and measured 6.87 metres (22 feet 6 inches) high and 3.60 metres (11 feet 9 inches) wide in Creek Park, Dubai, UAE, on 10 February 2005.

36. The largest gathering of people with the same first name: As many as 1,096 Mohammeds gathered at the event, as part of the DSF at Creek Park, Dubai, on 10 February 2005.

37. The world’s largest human flag: Featuring some 16,200 students who gathered wearing the appropriate coloured caps and T-shirts, to form the national flag of UAE. The previous record for the world’s largest human flag comprises of 10,371 spectators who formed the German flag in the south grandstand at the Scotland vs Germany European Championships qualifying football match in the Westfalenstadion, Dortmund, Germany on September 10, 2003.

38. The world’s largest mosaic out of cans: Depicts a huge DSF shopping bag logo, this mosaic, made from about 45,000 soft drink cans, was conceived and supplied by Pepsi and constructed by Happening. This record is based on the number of cans used and not the dimensions of the mosaic.

 

2007

39. The largest inflatable: Stood 25 metres tall and 14 metres wide, measured 2,079 cubic metres Designed and manufactured by a UK-based company, the giant Vitaene C bottle floated above Safa Park.

40. The longest game of Chinese Whispers

41. The longest line of footprints

42. The largest wallet

43. Largest bed and mattress by Intercoil

 

2008

44. The longest wooden chopsticks: Created by Dubai’s Marco Polo Hotel, the chopsticks are 22 feet long and made of wood. Six craftsmen worked for one week to create the chopsticks. China’s Shenyang province held the world record measuring 20ftx7.83 inches.

45. The largest traditional dancing gathering: Featured scores of Youla performers at Creek Park.

46. Longest Coin Spinning Duration

47. The Longest duration of football contro

48. Hula Hooping: The most hoops being used on oneself simultaneously or the most number of hoops during hula hoping event.

49. The largest traditional dress: kandoora.

 

2009
50
. The most varied desserts on display: More than 2,232 types of desserts was achieved by DSF in conjunction with the Emirates Culinary Guild (both UAE) at Uptown Mirdiff, Dubai, UAE, on 13 February 2009.

51. The world’s largest Gold ring – a 64 kilogram gold ring crafted by Kanz Jewels and valued at Dh11 million. Najmat Taiba, manufactured by Taiba, Saudi Arabia, is studded with 5.1 kilograms of Swarovski stones from Signity Middle East and was supported by the World Gold Council. Fifty-five workers worked 45 days for 10 hours a day to make this piece. – Gulf News

 

Sheikh Khalifa pledges US$10 million in support of Carter Centre-led eradication campaign to end Guinea worm disease

Atlanta -  President His Highness Sheikh Khalifa bin Zayed Al Nahyan has presented US$10 million in support to a Carter Centre-led eradication campaign to end Guinea worm disease by 2015.

            US$40 million in donations announced yesterday from the Bill '&' Melinda Gates Foundation and the Children's Investment Fund Foundation (CIFF).

            One of the first to join the international campaign against Guinea worm disease, the late Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the United Arab Emirates, invested significant resources in the 1990s on behalf of the UAE to help launch the Guinea Worm Eradication Program. This early investment enabled the program, based at The Carter Centre in Atlanta, Ga., to establish global operations and accelerate interventions against Guinea worm disease.

            The Centre also announced yesterday that provisional results show only 1,060 total cases of Guinea worm occurred worldwide in 2011.

            The grants along with US$20 million (approximately US$31 million) committed by the United Kingdom in October 2011 will fund Carter Centre interventions against remaining cases of the disease and surveillance by the World Health Organisation to certify eradication of Guinea worm over three years once transmission is halted in all nations.

            "Millions of people in Africa and Asia will no longer risk suffering one of the most horrific human diseases ever known thanks to the generosity and global health leadership of the Bill '&' Melinda Gates Foundation, the Children's Investment Fund Foundation, the UAE, and the United Kingdom," said former U.S. President Jimmy Carter, founder of The Carter Centre. "These donor commitments speak to the importance that Guinea worm disease prevention and eradication has to the overall development agenda of poverty stricken nations." In 2011, cases of Guinea worm disease occurred in three remaining endemic nations South Sudan, Mali, and Ethiopia and in Chad, where there was an isolated outbreak. When The Carter Centre began spearheading the international campaign to eradicate Guinea worm disease in 1986, there were an estimated 3.5 million cases in 21 countries in Africa and Asia. Today, that number has been reduced to less than 1 percent of the original count, with most cases (97%) remaining in South Sudan.

            The United Kingdom's Department for International Development (DFID), partnerships with communities, national ministries of health, the U.S. Centres for Disease Control and Prevention, UNICEF, the World Health Organisation, and many other organisations and individuals are a critical component of the campaign's success.

            The Bill '&' Melinda Gates Foundation has been a valued and long-standing partner in the fight against Guinea worm disease, investing more than US$100 million in the effort to date and inspiring an outpouring of contributions over the past four years from the donor community through the Foundation's 2008 challenge grant of US$32 million. The Foundation contributed US$23.3 million toward today's US$40 million pledge.

            The Children's Investment Fund Foundation (CIFF) forges partnerships to improve child survival and development, primarily in sub-Saharan Africa and India. Based in the United Kingdom, the Foundation pledged US$6.7 million yesterday toward Guinea worm eradication, which directly supports CIFF's aim to improve the lives of children living in poverty by achieving large-scale, sustainable impact. This mission is based on the fundamental belief that every child deserves to survive, thrive and mature into adulthood in a supportive and safe environment.

            Guinea worm disease afflicts the world's poorest and most isolated communities. Also known as dracunculiasis, the disease is contracted when people consume water contaminated with Guinea worm larvae. After a year, one or more worms up to a meter long can emerge through painful blisters in the skin. The ancient disease is being wiped out through health education and behaviour change, including teaching people to filter all drinking water and keeping anyone with an emerging worm from entering water sources and thereby contaminating them with new larvae. There are no vaccines or medicines to prevent or treat this parasitic disease, which, though not fatal, is horrific and painful. It debilitates its victims and entire communities, keeping children from attending school and farmers from their fields.

            Funds announced yesterday will eliminate the last vestiges of Guinea worm disease, which are found in poverty stricken areas with little infrastructure, near zones of conflict, or among nomadic populations. "The last cases of any disease are the most challenging to wipe out," said President Carter. "But we know that with the international community's support, Guinea worm disease soon will be relegated to the history books."  - Emirates News Agency, WAM

 

Khalifa, Turkish President hold talks

            Ways to promote cooperation between the UAE and Turkey in different spheres and tapping current potentials to serve the common interests of both countries on Monday were discussed by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Turkish President Abdullah Gul during a round of talks in Abu Dhabi.

            Tuesday talks also saw exchanging views between the two sides on the regional and international developments as well as on matters of common concern to the two countries.

            Welcoming President Gul at Al Diyafhah Palace, His Highness Sheikh Khalifa expressed hope that the current visit would contribute to the strengthening of friendly relations and cooperation between the two countries.

            He reiterated the UAE's interest in enhancing ties with Turkey to contribute to backing regional stability and security.

            His Highness Sheikh Khalifa also expressed hopes that the current Turkish President's visit would further contribute to making a qualitative jump in the distinguished relations between the two countries through the activation of economic, investment and trade partnership in new areas.

            For his part, President Gul said the multi-faceted boom in the UAE gave it the current prominent regional and international stature thanks to the wise leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan.

            Expressing gladness at his current UAE visit and at meeting with President His Highness Sheikh Khalifa, President Gul expressed Turkey's preparedness for expanding economic and trade relations with the UAE.

            The Turkish President also welcomed any joint projects in Turkey by the business community of the two countries as a way to further support their economic and investment cooperation. - Emirates News Agency, WAM

 

President of Turkey visits Masdar

            Dr. Abdullah Gul, the 11th President of the Republic of Turkey, visited Masdar, Abu Dhabi's multifaceted renewable energy company as well as the Masdar Institute of Science and Technology; the region's first home-grown, graduate level, research driven institute. This is the first visit of a President of Turkey to the UAE in 15 years and President Dr. Gul's first visit to the UAE in his capacity as President.

            The Turkish President visit to Masdar enabled the company to showcase, first hand its efforts to accelerate, develop and deploy renewable energy and clean technologies.

            Commending Masdar City and the Masdar Institute of Science and Technology for the great strides they have taken in less than 6 years, President Abdullah Gul said: "Over the years, the Republic of Turkey has enjoyed very strong relations with the UAE; a relationship that is constantly growing through the various joint partnerships that have been forged ever since we established a mission in the UAE in 1979." "In the past five years, Abu Dhabi, through Masdar has become a centre of gravity for the dialogue on the development and dissemination of renewable energy and clean technologies - as the President of a country that enjoys great renewable energy potential - it was very important that I ensure that Masdar City and the Masdar Institute of Science and are included in my tour of the UAE.

            President Dr. Gul's visit is one of his stops during his two day stay in the United Arab Emirates. The Turkish President previously served as the Turkish Foreign Minister from 14 March 2003 - 28 August 2007 and Prime Minister of Turkey from 18 November 2002 to 14 March 2003.

            Turkey's commitment to renewable energy is reflected in its 2011 announcement of its goal to shift 30% of its power generation to renewables by 2023. Turkey has a substantial amount of renewable energy potential and the utilisation rates are growing. Hydro, wind and solar energy resources represent Turkey's major portions of renewable portfolio. Latest statistics show Turkey's hydro power installed capacity exceeding 14,500MW. Turkey has increased its installed wind power capacity from 18MW in 2003 to 1,300MW today. It plans to increase its total capacity of solar power plants to 600MW by the end of 2013 through private sector investments.

            Dr. Sultan Ahmed Al Jaber, CEO of Masdar, said, The President's visit to Masdar is a clear reflection of Turkey's keen interest in renewable energy, and we are looking forward to positive bilateral and international cooperation in the field of Renewable Energy between both countries.

            Turkey is a country that is highly engaged in energy diversification; we see great potential for engaging actively in the dialogue on the acceleration, development and deployment of renewable energy technologies." During the visit, President Gul toured Masdar City - the low-carbon, low waste development and the campus of the Masdar Institute - the Middle East's first home grown, graduate level research driven institute dedicated to renewable energy and clean technologies.

            President Dr. Gul is known for his strong support to higher education which is reflected in his career. Gul studied Economics at the Istanbul University and received a PhD degree from the Istanbul University in 1983.

            In his visit to the Institute, the President was received by two Turkish MI students - Abdullah Kaya, a Masters student specialising in Engineering System Management (EMS) and Sueda Saylan, a PhD student, and experienced firsthand the strategic long-term commitment Abu Dhabi is making towards nurturing the human capital required in supporting the growth of the renewable energy industry.

            Diplomatic relations between the United Arab Emirates and Turkey include extensive cultural and economic ties. The Embassy of the Republic of Turkey was inaugurated, in Abu Dhabi, on 16th April 1979. Recently, Turkey has become one of the UAE's largest trading partners, with USD 9 billion in annual bilateral trade - triggering a rise of 800 percent in the last seven years. In an attempt to enhance tourism bonds, the UAE launched new Etihad Airways flights to Istanbul in 2009, serving the city four times a week.

            In 2010, both nations pledged to improve commercial relations through common projects and convene officials to determine possible areas of cooperation moving forward. Emirati businessmen have been encouraged to invest in Turkey, as part of Turkey's ongoing privatisation efforts. According to the Turkish embassy, the number of Turkish companies established in the UAE is over 400, with 75 of those operating in and around Abu Dhabi.

            Furthermore, Prime Minister Recep Tayyip Erdogan of Turkey, in 2010, delivered a keynote address at the third annual World Future Energy Summit (WFES) in Abu Dhabi, highlighting Turkey's commitment to the development of renewable energy and support of global initiatives to adopt clean energy around the world.

            The delegation's visit started with a short explanation of Masdar City at scale model followed by a ride in one of the Personal Rapid Transit Pods (PRTs). Upon arriving at the PRT station at Masdar Institute campus, the delegation was escorted to sign the VIP guest book before being taken to a tour around the Masdar Institute Campus. - Emirates News Agency, WAM

 

Turkish President visits Sheikh Zayed Grand Mosque

            President of Turkey Abdullah Gul and his wife Hayrunnisa on Tuesday visited the Sheikh Zayed Grand Mosque in Abu Dhabi.

            Gul and his wife who were accompanied by the UAE's Minister of Economy Sultan Saeed Al Mansouri who heads the honorary mission, first visited the tomb of the late Sheikh Zayed Bin Sultan Al Nahyan. They were received by Director General of the Sheikh Zayed Grand Mosque Centre Yousef Al Obaidali. They expressed appreciation of the beautiful Islamic architecture of the mosque. The Sheikh Zayed Grand Mosque Centre is an affiliate of the UAE's Presidential Affair's Ministry.  - Emirates News Agency, WAM

 

Turkish President visits Zayed University's new campus

            Turkish President Abdullah Gul on Tuesday visited the new campus of Zayed University in Khalifa City, Abu Dhabi.

            Gul and the accompanying delegation were received at the University by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, Sulaiman Al Jassim, Vice President of Zayed University and Tayeb Kamali, Chancellor of Higher Colleges of Technology and others.

            Gul was accompanied by Turkish Minister of Foreign Affairs Ahmet Davutoglu, Minister of Finance Mehmet Simsek, and the UAE's Minister of Economy Sultan Saeed Al Mansouri who heads the honorary mission accompanying the Turkish President, Ambassador of the UAE to Turkey Khalid Khalifa Al Mualla, Ambassador of Turkey to the UAE Sefik Vural Altay, VIPs and Turkish businessmen.

            In a speech there, President Gul said the UAE-Turkish relations are getting stronger day after day where the UAE has become Turkey's distinguished economic, cultural and trading partner.

            Gul further called for stronger relations between the Emirati and Turkish academic institutions as well as cooperation on scientific research.

            For his part, Sheikh Nahyan said Gul's visit would strengthen the standing relations between the two countries. He said President Gul viewed the University's plans which "reflect the interest the UAE's wide leadership shows in nurturing the incessant development of the country's educational system."  - Emirates News Agency, WAM

 

Abu Dhabi - Turkish Investment Gathering to boost economic partnership

            Mohammed Omer Abdullah, Undersecretary of the Economic Development Department, has said the Abu Dhabi- Turkish Investment Gathering comes within the efforts exerted by the UAE and Turkey to explore potential of building future strategic relations based on cooperation in the areas of technology, tourism and others.

            Delivering an inaugural speech at the gathering organised by the department and the Abu Dhabi Chamber of Commerce and Industry, here yesterday, Abdullah added that "We are looking forward with admiration to the Turkish development mode, being one of the most growing and brisk markets." He added that the UAE is keen to bolster the UAE-Turkish ties, citing that over the last decade the non oil mutual trade between the UAE and Turkey surged from Dh1.6 billion to Dh10.2 billion in 2010, while the non oil trade exchange between the emirate of Abu Dhabi and Turkey increased from about Dh200 million in 2001 to about Dh2 billion in 2010.

            Abdullah said the Turkish investments in the UAE touched US$6 billion, mostly in the construction and building sector, while the UAE investments in Turkey are about US$5billion, indicating that the economic cooperation opportunities between the two countries continue to grow amid the pledge of both countries to increase the trade exchange to touch US$10billion by 2015.

            For his part, Mohammed Hilal Al Muhairi, Director of the Abu Dhabi Chamber of Commerce and Industry, said the holding of gathering reflects the distinguished economic ties between the two countries, adding that it poses an opportunity to further strengthen the ties through partnership between the private sector in both countries.

            Turkish official thanked the department and chamber for organising the event. He invited the economic officials to visit Turkey to explore investment potentials there.

            The recent economic report released by the chamber, showed that the trade exchange between the emirate of Abu Dhabi and Turkey exceeded Dhs2 billion. It added that Turkey ranked 10th in the list of countries the emirate of Abu Dhabi imported from in 2010. The number of Turkish Companies operating in the emirate is 30, while the registered Turkish trade agencies in the UAE are 42. The Turkish trade marks in the country until November last year were 316.

            The report noted that 12 UAE companies invest in Turkey, besides the Abu Dhabi Investment Authority. It added that the GDP of Turkey stood at US$960 billion in November last year. The GDP per capital is US$12, 300 in Turkey. - Emirates News Agency, WAM

 

Turkey supports UAE proposals on Islamic Parliamentary Declaration

            Palembang - The Speaker of Turkish Parliament, Cemil Cicek has supported UAE Parliamentary Division proposals submitted to PUIC meeting on the Islamic Parliamentary Declaration. This affirmation came during his meeting with Mohammed Ahmed Al-Murr, Speaker of Federal National Council yesterday on the sidelines of the 14th session of the Parliamentary Union of the Organisation of the Islamic Conference (PUIC)`s general committee currently in progress in Indonesia.

            Al-Murr submitted the concept (idea) on the declaration and the proposal of activating PUIC's General Secretariat, noting that the declaration is aimed at creating a framework for the Union of Islamic Parliaments' work along with developing it.

            He noted that the declaration remains a viable proposal for the amendment and development by parliaments of the Member States. He also requested PUIC's active members to contribute to the development of parliamentary work for the benefit of Muslim Ummah.

            For his part, Cemil Cicek highlighted that his country supports UAE on the Islamic Parliamentary Declaration noting that the task of reviewing it is now before the technical committee.

            He also stressed that the visit of the Turkish President Abdullah Gul to the UAE, accompanied by a large number of businessmen, aims to develop bilateral ties and increase investment between the two countries. He confirmed that his country is seeking to develop bilateral relations with UAE. - Emirates News Agency, WAM

 

Volume of trade exchange between UAE, Korea touches US$23 billion in 2011

            The trade exchange between the UAE and South Korea stood at US$23 billion in 2011. The Korean exports to the UAE were US$2.27 billion from January to April last year up by 53 per cent. While the UAE exports to South Korea in corresponding period were US$4.58 billion up by 14. 4 per cent. The UAE is one of the major markets to the South Korean Companies. The volume of contracts granted to the Korean companies in the UAE touched US$25. 600 billion in 2010 compared to US$16.800 billion in 2009, according to the figures released by Ideal Idea Events Management.

            The company is set organise the first edition of Made in Korea Exhibition, which will be held in Abu Dhabi from May 21-23. - Emirates News Agency, WAM

 

First Gulf Bank's 2011 net profit exceeds Dh3.7million

            First Gulf Bank PJSC, (FGB), the leading financial partner of choice in the UAE, yesterday announced that the bank posted a Net Profit of Dh3,707 million for 2011, 8% higher than it did last year.

            The Net Profit for the fourth quarter (Q4) amounted to Dh1,022 million, 18% higher than same quarter of 2010 at Dh865 million, and 11% higher than the third quarter of 2011. FGB has achieved consistent growth in net profit for the sixth consecutive quarter.

            The Board met yesterday, reviewed the audited financials and expressed their satisfaction with the 2011 strong financial performance. They have considered the financial position of the bank, the current capitalisation level and the share price performance during the year 2011 and proposed the distribution of a cash dividend 100% of capital or AED 1.00 per share. They recommended also the distribution of 100% of capital as bonus shares. Each existing share would be eligible for one new share. The cash dividend and distribution of bonus shares are subject to the approval of the respective authorities to be followed by the approval of the Ordinary General Assembly of Shareholders.

            Abdulhamid Saeed Managing Director, First Gulf Bank, commented: "The bank has consistently been paying dividend without interruption since the year 2000. This is the highest ever cash dividend to be paid by FGB to its shareholders and the highest ever bonus share distribution in FGB's history." The revenue analysis of Q4 highlighted a very strong contribution from the Net Interest and Islamic Financing activities which was at AED 1,357 million, same as the previous quarter and 23% higher than same quarter of last year. The Net Interest and Islamic Financing contributed 82% to the total revenue of the quarter.

            Full year 2011 income statement highlights FGB has recorded a Net Profit at Dh3,707 million, 8% higher than last year. The strategy of geographical diversification through a prudent international expansion plan is generating positive results.

            The revenue made by the three international locations Singapore, Qatar and India for the full year 2011 was at Dh109 million, a growth of almost three folds from Dh37 million in 2010.

            Due to the growth in the asset book, the Net Interest and Islamic Financing income for the full year 2011 was at Dh5,079 million, 19% higher than 2010, the Corporate and Retail fees and commissions stood at Dh1,201 million, 19% lower than 2010, mainly on the back of regulatory changes to the Retail lending framework implemented in May 2011. The investment income at 62 million was higher than 2010 by 58%. This is the result of a prudent investment strategy focused in 2011 mainly on the fixed income.

            During the year 2011, the bank managed to keep its expenses under control at Dh1,222 million to achieve a Cost to Income ratio of 18.9%, which is low by local and international standards but slightly higher than the 17.8% achieved in 2010.

            Abdulhamid Saeed, Managing Director of First Gulf Bank stated: "FGB has been able to maintain its growth throughout 2011 through partaking in profitable investment opportunities while adhering to its sound risk management policies. As we continue to expand our operations, we remain committed to providing optimum returns to our shareholders and customers. "The balance sheet by end of year 2011 showed a comfortable liquidity position. The liquid assets ratio increased to 13.9% from 13.4% at the end of 2010. The loan to deposit ratio was at 101% by the end of 2011 down from 106% by end of September 2011. This was a result of increased customer deposits in 2011 by 5% from Dh98.7 billion to Dh103.5 billion. The UAE Central Bank advance to stable deposit ratio by year end 2011 stood at 84.5%, far below the regulatory maximum of 100%.

            During the year 2011, the bank was successful in raising medium and long term funding to support the growth of the balance sheet and to reduce the reliance on the short term customers deposits. The bank raised CHF 200 million through five year conventional bonds in the first half of 2011.

            This was followed by a phenomenal success of its inaugural five year Sukuk issue raising US$ 650 million in a transaction oversubscribed six times. That was the first drawdown under a total approved US$3.5 billion new Sukuk Programme. The bank also raised US$ 200 million through a two year bi-lateral loan from an international bank in Q3, 2011.

            In January 2012, the bank continued with its rationalised medium term funding strategy to make the second drawdown under the Sukuk Programme in a 5-year US$ 500 million Sukuk transaction, which was oversubscribed by 2.8 times.

            Shareholders' equity by end of 2011 stood at Dh26.7 billion, 11% higher than the previous year. Capital adequacy ratio, after the proposed cash dividend distribution this year would be, at 21.5%, one of the highest in the UAE banking industry and the Tier 1 Capital Ratio would be at 18.5%.

            Earnings per share for the full year 2011 were set at Dh2.37, 13% higher than 2010.

            Saeed added: "FGB continues to enjoy the trust of investors and the market through our operations, we continue to maintain a favourable position moving forward and we are in a very solid position against the growth expectation in the years to come and the future requirements of Basel III".

            The quality of the loan book improved in 2011, the ratio of Non Performing Loans measured at 90 days overdue to Gross Loans excluding exposures to Dubai World and Dubai Holding groups stood, by end of year 2011, at 3.4%, this is an improvement from the 3.7% at end of 2010. The Provision Coverage Ratio was also improved significantly from 89% in 2010 to 98% in 2011.

            "In general, the NPL trend continues to decline on the Corporate and Retail side. During the year 2011, the loans and advances book has grown by a net 10% to reach by end of December AED 104.7 billion which represents an allocation of 67% of the total assets of the group. The Corporate Loans which represented 64% of the total loan book grew by 8% in 2011 and the Retail Loans which represented the remaining 36% of the total loans grew by 13% in 2011," said Sayegh.

            Andre Sayegh concluded: "As we are heading into 2012, we maintain a positive outlook. Indeed, we are very well placed to support the infrastructure projects which have been recently approved by Abu Dhabi. Our focus remains on our proven strategies of ensuring a prudent balance sheet growth, which confirms our commitment of providing superior returns to our shareholders year on year. The bank's rating was affirmed at A+ by Fitch in May 2011 with Stable Outlook and affirmed at A2 by Moody's in August 2011 with upgrade of the outlook from Negative to Stable, reiterating our strong standing." - Emirates News Agency, WAM

 

UAE Central Bank to cap credit card rate at 18%

            The UAE Central Bank (CB) has completed all the new regulations and legislation related to credit cards, a high-level banking source has revealed.

            The source affirmed that the UAE Central Bank would fix the interests on credit cards at less than 18 per cent following the example of the countries of the region and would not increase any fees on such cards after being given to customers.

            Banks currently impose interests between 2.25 per cent to 2.99 per cent on credit cards per month which is equal to 27 per cent to 36 per cent annually.

            All details as regards the new controls are expected to be announced in February, the source said, adding that these controls would regulate electronic payment methods and would help reduce the bad consumer debts though they would affect the revenues of active banks and hence the volume of their profits.

            The source clarified that the interests imposed on credit cards are classified by banks in such a manner that 6 per cent of these interests are classified as ‘hazard’ while the rest are classified as revenues of interests and fees.

            Bankers demanded that the role of the federal credit information authority be streamlined before these regulations are enacted. Based on the information provided by this federal authority, the banks will reduce the hazard percentage to 1 per cent to 2 per cent and will consequently add 4 per cent to their revenues.

            As many as 3.7 million credit cards have been issued by the banks operating in the UAE. Earlier, the UAE Central Bank had requested the banks to provide it with data on the fees and interests they impose on the credit cards issued to customers.

            On January 12, the UAE Central Bank inquired about the rates of monthly interest on credit cards as at 01/01/2012 including the interest rates on the unsettled balance of the credit card, the interest rates on cash withdrawal, the fees imposed on exceeding the top limit of the balance of credit cards and the fees imposed on the delay in settling due payments. – The Gulf Today

 

Dubai eGovernment signs agreement with Emirates Identity Authority to link EIDA to all Dubai Government entities

            Dubai eGovernment has recently signed a MoU with the Emirates Identity Authority (EIDA) to support government integration and digital transformation through electronic linkages in pursuit of its digital transformation towards an integrated knowledge-based society.

            The agreement was signed by Ahmed Bin Humaidan, Director General of Dubai eGovernment, and Dr. Eng. Ali Mohamed Al Khouri, Emirates ID Director General, at the Dubai eGovernment headquarters at Dubai Ruler's Court. Under the terms of the agreement, Dubai eGovernment commits itself to introducing the required central applications for integrating with the infrastructure of the digital identity applications so as to optimise usage of the Population Register and complete the electronic linkage between EIDA and all Dubai government entities.

            For its part, EIDA will provide the necessary technological applications to read the data stored in the ID card together with the infrastructure for the digital identity applications and unified identity management in order to verify the identity of clients. EIDA also plans to partner with Dubai eGovernment in developing the concept and general framework for the digital ID project at the Dubai Government level.

 The two parties have agreed to employ all available resources to achieve the common strategic goals, particularly the improvement of operational performance, simplification of government procedures, development of services provided to customers, and the creation of effective communication channels to support government integration.

            Ahmed Bin Humaidan was positive about the agreement signed with EIDA, and said: "The signing of this agreement is in line with our commitment to actively contribute to the objectives of government integration and the electronic transformation of government systems across Dubai. These aim to realise the vision and directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. We support the digital identity project in view of its positive impact on Dubai's electronic transformation. We are committed, in the framework of our partnership with EIDA, to implement a series of relevant initiatives and joint ventures, including integrating infrastructure for the verification of the identity card and handling this system."

            Meanwhile, Al Khouri affirmed that signing this agreement coincides with the gradual conversion towards making the ID card a key identification instrument for transactions and services provided by the government and private sector organisations. "This strategic partnership reflects our belief in the use of advanced technologies in improving government performance, considering that the population register and ID card project is part of the UAE's strategy to become one of the five best governments in the world."

            Commending Dubai eGovernment's role in easing government transactions and leading the eGovernance process in Dubai, Al Khouri said that the agreement would be beneficial in implementing the strategic objectives of government entities and unifying their efforts at upgrading customer service.

            The two parties affirmed their full commitment to pursuing joint ventures and research, including an assessment of the optimum use of the identity system, its data potential for use by Dubai government services and its application for integration with government eServices in Dubai.  - Emirates News Agency, WAM

 

The Louvre set to lure art connoisseurs from 2015

            The emirate's cultural sector has received a boost as funding approvals for the Saadiyat Cultural District, which includes four museums and a performance centre, have been announced by the Abu Dhabi Executive Council.

            The stalled projects, which are worth US$27 billion (Dh99.09 billion), were initially set to open in 2014 but will now open later. The Louvre Abu Dhabi, designed by Jean Nouvel, is expected to welcome the public for the first time in 2015 while the Zayed National Museum, designed by Lord Norman Foster, and the Guggenheim Abu Dhabi, designed by Frank Gehry, are set to open in 2016 and 2017 respectively.

            Details of a performing arts centre designed by Zaha Hadid and a maritime museum planned by Tadao Ando are yet to be revealed.

            "[The] Saadiyat Cultural District will create a cultural destination that will repeatedly attract visitors from the world of arts and culture. The museums will facilitate the development of cultural leaders and experts through education and employment, creating fulfilling career opportunities for UAE nationals. In turn this will integrate culture and arts into the daily life of the community, assisting to value, sustain and preserve the cultural heritage," said Sheikh Sultan Bin Tahnoun Al Nahyan in a statement. Sheikh Sultan is the chairman of the Tourism Development and Investment Company (TDIC), which is overseeing the project.

World Heritage List

            In addition, two projects in Al Ain have received approval from the Council. They are the redesigning and building of Al Ain National Museum and the development of the cultural Hili site, which is among 17 sites placed on UNESCO's World Heritage List in July 2011. According to Unesco, Hili has one of the oldest examples of the sophisticated falaj irrigation system dating back to the Iron Age.

            "The placement of these cultural sites on UNESCO’s World Heritage List will provide Al Ain with further opportunities to enhance efforts to preserve them," said Dr Sami Al Masri, Deputy Director General of the Abu Dhabi Authority for Culture and Heritage. – Gulf News

 

Emirati walker reaches Makkah after 47 days

            He has finally reached his destination, 47 days after he began the most ambitious journey of his life on foot, walking from Ruwais in Abu Dhabi to Makkah.

            Emirati walker Jalal Bin Thaneya, who undertook the walk to raise funds for the Dubai Centre for Special Needs, tweeted this minute after arriving at the Al Masjid Al Haram in Makkah late on Monday night: "Al Hamdulillah I have reached the sacred Masjid Al Haram on foot from the UAE... I have ended the mission, I will perform Umrah now. Subhanallah, no road is too far."

            Throughout the day on Monday, Bin Thaneya kept tweeting updates on the final phase of his gruelling journey. "The kindness on the difficult road, the horror of fatigue, the recollection of struggle," he tweeted earlier in the day, walking under the hot midday sun.

            Bin Thaneya earlier told Gulf News that he buoyed his occasionally flagging spirits by assuring himself that he is doing everything he can to keep going. "Half of the success is in trying," he said. "Given that I set out to Makkah with the intention of truly giving in to the divine experience when I am there, it will not serve my purpose if I race against myself. Let it be that it will take me some more time." – Gulf News

 

Dubai at the heart of breakthrough medicine

            The Dubai Health Authority (DHA), for the first time in the Mena region, has introduced the “Fourth Revolution” in cardiology treatment with an innovative procedure to heal blockage of coronary arteries in the heart, said Khalid Al Sheikh Mubarak, deputy director-general of the DHA.

            “The new therapy titled ‘Absorb’ involves the insertion of a bioresorbable scaffold into an affected coronary artery to keep it open and thereby promote the flow of blood and oxygen to the heart,” he added.

            The treatment was undertaken for the first time at Dubai Hospital and Rashid Hospital last week.

            Dr Talib K Majwal, consultant and director of Interventional Cardiology at Dubai Heart Centre of Dubai Hospital, performed the region’s first ever insertion of the Abbott Absorb scaffold device on a patient at Dubai Hospital.

            Dr Fahad Baslaib, consultant interventional cardiologist and director of Rashid Hospital’s Cardiology Department, said the procedure took about 20 minutes, with the patient remaining conscious throughout.

            “The procedure is similar to the existing technique that places a ‘stent’ into a diseased artery, but with one crucial difference. When the scaffold begins to dissolve, the vessel is no longer restricted and may ultimately have the ability to move, flex and pulsate similar to an untreated vessel,” he added.

            “Whereas the stent is a permanent fixture that remains in the blood vessel, making the vessel similar to a cage, the scaffold progressively dissolves over a period of two years, leaving the artery widened but with no trace of the device left,” elaborated Dr Baslaib.

            Dr Majwal pointed out, “In terms of insertion technique, the Absorb scaffold procedure is much the same as placing a stent in an affected artery, so there was no need to learn a major new set of skills for this new treatment paradigm.”

            “Although the insertion technique is the same, the huge advantage that this scaffold has over a stent is that over a period of two years it dissolves into harmless gas and water, leaving the coronary artery free of any foreign object,” he added.

            According to him, this allows the artery to flex and pulsate, which is better for blood flow than having a restrictive permanent stent that turns the vessel into an inflexible cage and inhibits artery movement.

            Mubarak noted that the Absorb procedure is the beginning of a new chapter in the treatment of heart disease in the region. It will revolutionise the treatment of coronary artery disease over the coming years.

            The breakthrough medicine will position Dubai at a significant place in the global medical tourism map and the forefront of the latest advances in healthcare. The DHA is now playing a leading role in new forms of treatment for this condition, which is currently the number one cause of death in the country.

            “The term ‘Fourth Revolution’ that has been applied to the Absorb scaffold procedure follows its recognition as a groundbreaking form of treatment for coronary artery disease,” Dr Baslaib explained.

            “It is the latest development that has seen a linear progression from the ‘First Revolution,’ which was coronary angioplasty using a balloon to widen the affected artery, the ‘Second Revolution,’ which was the use of a permanent metal stent to unblock an artery and the ‘Third Revolution,’ which incorporated drugs built into a stent to be gradually released over time,” he said.

            According to him, the Absorb bioresorbable scaffold offers numerous benefits over metal stents, so it can be considered as a whole new treatment paradigm in its own right.

            “The Absorb procedure is particularly beneficial for younger patients, as there is the option for further forms of treatment in the future - something that the insertion of a metal stent precludes.”

“This is especially significant for the UAE, as the average age that people start to experience heart problems here is 45 years of age, which is 10 to 15 years younger than in Europe,” he concluded. – The Gulf Today


 














Copyright 2007 mideast-times.com