Korean media give extensive coverage to UAE's participation in "Expo 2012 Yeosu" - updated            The Korean media is giving extensive coverage to UAE's pavilion participating in "Expo 2012 Yeosu" which is organised and supervised by the National Media Council, (NMC).            Newspapers are publishing special reports highlighting various aspects of UAE pavilion which is delivering the true theme of the Expo, "Living Ocean and Coast." "The Seoul Times" published a report entitled "BIE Head Praises UAE Pavilion at Expo" on the opening ceremony of the pavilion and the visit of Vicente Gonzales Loscertales, Secretary-General of the Bureau International des Expositions (BIE) and Dr. Rolf Payet, Minister of Environment and Energy of the Republic of Seychelles.            The newspaper quoted BIE Secretary General hailing the UAE Pavilion in delivering the Expo's main theme "Living Ocean and Coast" through the displays and interactive screens available in its five areas.            He also expressed his admiration of the major film, "The Turtle", saying: "I was impressed by and greatly enjoyed this informative and entertaining film, which calls for saving marine turtles and highlights the UAE's ban on non-biodegradable plastic." It also referred to Dr. Rolf Payet's visit where he said the story of saving the "Pearl", the turtle in the main film, conveys an effective and powerful message to stop using any material that is harmful for the marine environment and sea life.            The paper also noted that this year's Yeosu Expo 2012 is particularly meaningful to UAE, as the Middle Eastern country is bordering Arabian Gulf and the Gulf of Oman. UAE is the bidder for "Expo 2020." Another Korean newspaper "Korea Travel Times" also hailed UAE's participation in the Expo highlighting the glittering opening of its Pavilion at EXPO 2012 Yeosu, which will run from May 12 to August 12, 2012 under the theme ''The Living Ocean and Coast''.            The paper noted that UAE has combined eye-catching entertainment with informative videos that reveal the depths of the connections of the Emirati people with the world’s seas and oceans. It added that participating in Expo 2012 Yeosu will add to the presence of the UAE Pavilion at previous World Expositions in Hanover, Lisbon, Seville, Syracuse and Shanghai.            It also mentioned that UAE Ambassador to South Korea Abdullah Khalfan Al Rumaithi opened the Pavilion in the presence of a number of National Media Council officials, organisers of the Pavilion, representatives of the Paris-based Bureau of International Expositions (BIE), top Korean officials and Korean and foreign media persons. – Emirates News Agency, WAM Â
Chances are high for Dubai to win bid to host World Expo 2020, says top Korean online news portal            Seoul - Breaknews dot com, one of Korea's influential news portals, has reported that chances are very good for UAE to attract World Expo 2020 to Dubai as scheduled judging from initial reactions coming through from Asian, Arab and African countries.            It noted that UAE is the hub of all kinds of business and investment activities. It has had been one of the main platforms of human interaction, integration of economies, connecting minds and generating of new ideas throughout the history.            On top of that, Dubai is brilliantly positioned with access to two thirds of the world's population within eight hours, not to mention its well constructed infrastructures and logistics already in place, Moon IL-suk, publisher and editor of www.breaknews.com said in his Abu Dhabi-datelined article on May 11.            Moon made an observation tour of the UAE from April 29 to May 3, 2012 at the invitation of National Media Council during which he met with Reem Ibrahim Al-Hashimy at her office in Dubai for an interview.            "I was very much impressed with visionary leadership of UAE which promotes values of tolerance, understanding and dialogue under President His Highness Sheikh Khalifa Bin Zayed Al Nahyan in the wake of the wise policies outlined by the late Sheikh Zayed," he said in his article with a headline "Dubai jumps on bandwagon to attract World EXPO 2020." Touching on religious tolerance in UAE, Moon lauded Muslims in UAE who respect and tolerate others, whatever their religious values are as instructed by the Holy Quran based on his own interviews with people of differing religions and nationalities now residing in UAE.            UAE submitted its bid for World Expo 2020. A comprehensive media campaign has already been initiated throughout the UAE and around the globe, the breaknews.com said pointing out that UAE is the home of more than 193 nationalities where peoples live united and enjoy other cultures from across the globe every day.            "That is why we believe that Dubai is the perfect city to host the 2020 World Expo," the news portal argued.            It is hoped that under the theme "Connecting Minds, Creating the Future," the 2020 World Expo in Dubai will serve as a "global hub for ideas and a springboard for creativity," the online newspaper said.            UAE has state of the art infrastructure in terms of airports, airlines, marketing companies, soft image companies, vibrant media and so many potential businessmen and investors which will work to its advantage in terms of lowering the overall cost, Moon also added introducing his visit to Dubai Museum.            UAE has submitted its official bid for hosting World EXPO 2020. It has highest chances to be selected depending upon its macro-economic stability, production base diversity, advanced infrastructure, vibrant service sector, hospitalised hotelier, generous nature of its people and above all epicenter of more than 193 nationalities in its country, he added. – Emirates News Agency, WAM Â
UAE deserves to host World Expo 2020: Abdullah            UAE Minister of Foreign Affairs Sheikh Abdullah Bin Zayed Al Nahyan has said that the UAE can provide an integrated file for hosting World Expo 2020 in Dubai after succeeding over 40 past years in many assemblies and making a lot of achievements that would entitle it to host this much-anticipated world event.            In a statement to journalists following his participation in the meeting of the higher committee for hosting World Expo 2020 held in Dubai on Wednesday, Sheikh Abdullah said the file would be submitted in the first quarter of next year. Sheikh Abdullah said that it would reflect the ambitions of not only the United Arab Emirates, but the region in general as well. The minister emphasised that the Ministry of Foreign Affairs’ role supports the work of the higher committee for hosting the World Expo 2020 in Dubai. – Emirates News Agency, WAM Â
UAE highlights success stories WSIS Forum 2012 Country Workshop in Geneva            The UAE delegation at the World Summit on the Information Society (WSIS) Forum 2012 has the opportunity to highlight its significant achievements during the country workshop held on May 15, the second day of this prestigious international event, in Geneva.            "The UAE has achieved several milestones with regard to the implementation of the WSIS action lines. Covering a spectrum of development from education to capacity building, the UAE has moved upwards in the ranks to reach its current elevated status on several different fronts. As a strategic partner for the WSIS Forum 2012, we are leading our region by example. Through our participation and strategic partnership, other Arab nations are coming forward and will continue to do so to join this global initiative to lessen the gap between the developed and developing nations with regard to the information society," stated HE Mohammed Nasser Al Ghanim, UAE Telecommunications Regulatory Authority (TRA) Director General and Chairman of the UAE WSIS National Committee.            The country workshop will be moderated by the Senior ICT Analyst at the TRA, Eng. Suleman Bakhsh. The workshop will address the many achievements that the UAE has accomplished including: eVoting, the Federal eGovernment Strategy, the Abu Dhabi Spatial Data Infrastructure (AD-SDI) Program, the Dubai and Sharjah eGovernments, Open Data, Emirates Identity Authority (EIDA), Ankabut, the Ministry of Labour initiatives, child protection, environmental initiatives, humanitarian programs, and many other programs and efforts. To thoroughly address each of the achievements of the UAE, the country's WSIS National Committee has compiled and published its "Success Stories, Commitment and Dedication 2011-2012," which encompasses these efforts.            The international audience members comprising of delegations from member nations will hear from a panel of high profile speakers including: Engineer Mohammed Gheyath, Executive Director of Technology Development Affairs; Ms. Ohoud Ali Shehail, Director eGovernment, Sharjah, UAE; Mr. Shadi Zraiqat, IT Consultant, EIDA; and Eng. Mohammad Al Khamis, Manager of ICT Planning, TRA, UAE.            Commenting on the achievements and the significant role of the UAE, TRA's Senior ICT Analyst, Eng. Suleman Mohammed Bakhsh, Moderator of the Country Workshop, remarked, "The UAE has carried out many accomplishments with regard to ICT. Our Success Stories report details some of the key and remarkable initiatives; the country's overall achievement in the eGovernment dimension that is also illustrated in the United Nations eGovernment Survey 2012 , which indicates a large improvement in our rankings. I believe that the maximum potential from these achievements are yet to be realised, but as the community becomes more aware and involved in the efforts we have made and understand the resulting opportunities, we will begin to see an ever-more elevated level of performance and capabilities for the UAE."            The WSIS Forum 2012 is taking place from May 14-18, in Geneva, Switzerland, and is organised by the International Telecommunication Union (ITU), the United Nations Educational, Scientific, and Cultural Organisation (UNESCO), the United Nations Development Programme (UNDP), and the United Nations Conference of Trade '&' Development (UNCTAD).– Emirates News Agency, WAM Â
UK-UAE Joint Economic Council considers 7 joint working teams            The second meeting of the UK-UAE Joint Economic Council discussed proposals to set up joint working teams on energy, education, health, infrastructure, finance and business, small and medium size enterprises and defence.            The discussions took place in London at the meeting which was presided over by Nasser Bin Ahmed Al Suwaidi, Head of the Economic Development Department in Abu Dhabi.            Lord Marland, Chair of the UK Business Ambassadors' Network and UK Minister at the Department of Energy and Climate Change, Samir Brikho, the Chief Executive of UK- based engineering, project management and consultancy company AMEC and co-chair of the Council, Ambassador of the UAE to the UK Abdul Rehman Al Mutaiwei, senior offal’s and businessmen. The business and finance joint working team will benefit from Abu Dhabi's plan to build a financial centre on Al Mariah island, according to Al-Suwaidi. The UAE, he stressed, is interested in furthering economic relations with the UK.            The Council will boost contacts between the governments of the two countries as part of efforts to remove barriers to smooth flow of UAE's and UK's investments and revive the role of private sectors.            For his part, Lord Marland noted that the political and economic relations with the UAE have never been stronger as a result of the growing trade and investment relations.            Lord Marland also hailed the UAE's long-term strategies including UAE Vision 2021 and Abu Dhabi's Vision 2030 which reflect the farsightedness of the leadership of the UAE.            Participants proposed that a six-month phase1 for the Joint Working Team on Education will start next September with naming 6 members from each country while phase2 will focus on training students. – Emirates News Agency, WAM Â
DFM's UAE listed companies record 100% compliance in disclosing Q1 - 2012 financial results            Dubai Financial Market (DFM)'s UAE listed companies recorded 100% compliance in disclosing their Q1 - 2012 financial results within the deadline of 45 days from the end of the period.            Forty one out of the 44 UAE public joint stock companies listed on DFM successfully disclosed their quarterly results by the end of March 2012, with the exception of Amlak Finance, ALFIRDOUS and United Kaipara Dairies due to procedural reasons.            Meanwhile, DFM suspended trading on three foreign companies that missed the DFM also submitted a detailed report to (SCA) including the disclosure dates and its observations on the disclosures. – Emirates News Agency, WAM Â
dnata acquires shareholding in En Route International Ltd            dnata, one of the world's largest air services providers, yesterday announced that it has acquired a majority stake in En Route International Ltd, a supplier of bakery and packaged food solutions with operations in London, Dubai and the United States of America.            En Route International has ten years' catering experience in the travel market and has an annual turnover of GBP12 million. It provides a range of premium quality products and boasts a growing client list which includes British Airways, Delta and Emirates. En Route also operates key distribution centres at two of the world's busiest airports - London Heathrow in the UK and Hartsfield-Jackson Atlanta International Airport in the USA.            This latest deal represents a further investment in the airline catering sector by dnata, whose recent acquisitions in Alpha Flight Group Ltd and Wings In-flight Service extended the company's international network to 75 airports in 39 countries.            "En Route is a niche player which offers highly creative and innovative food solutions, supported by robust logistics", said Stewart Angus, Divisional Senior Vice President, Associated Companies. "It will continue to operate independently under the charismatic leadership of its Managing Director and founder, Alison Lessmann. We look forward to developing and growing the business and to expanding its capability elsewhere".            "Becoming part of dnata brings a number of new opportunities to En Route and will undoubtedly enhance our ability to develop and distribute our products to a wider audience," said Alison Lessmann, Managing Director, En Route. "That will enable us to both grow the business and provide greater opportunities and a secure future for our employees." – Emirates News Agency, WAM Â
TDIC begins handover of first Saadiyat Beach villas            Tourism Development '&' Investment Company (TDIC), master developer of Saadiyat in Abu Dhabi, yesterday announced that it has started the handover of Saadiyat Beach Villas phase one to their owners, and residents have now begun to move in.            The exclusive residential community, which is located in the Saadiyat Beach district of the island, consists of high-end homes that are available in sizes ranging from three to six bedrooms. The first phase of the development, which consists of 254 villas, was launched in 2009 and completely sold out; due to this success, a second batch of 90 villas was released in November 2011 to meet demand. The handover of both phases are set to be completed by quarter 4 of 2012.            The demand for this luxury residential community is attributed to the high-quality finishes and attention to detail that is found in each villa. The villas come in three distinctive styles - Arabian, Mediterranean and Contemporary - and offer high-quality finishes such as marble kitchen surfaces, intricate mosaic tiles and bold geometric windows. The villas have been designed to distinctive standards to reflect the requirements of discerning clients, and are available in a range of sizes, catering to a variety of individuals' needs.            The variety of financing options that TDIC has carefully developed for prospective homeowners has also contributed to the success of the villas, as the company partnered with a number of leading banks to offer attractive financing options, including the exclusive 100 per cent mortgage offer in partnership with Abu Dhabi Commercial Bank (ADCB). Also previously the villas were available for sales only and due to popular demand TDIC has now added competitive lease option and lease-to-own option to Saadiyat Beach Villas. The leasing rate for Saadiyat Beach Villas starts at Dh256,500, while lease-to-own rates start from Dh310,500.            In November 2011, TDIC opened the St. Regis Saadiyat Island Resort, Abu Dhabi - a stunning 377-room hotel, which features an impressive spa and a wide variety of fine dining restaurants. Park Hyatt Abu Dhabi Hotel and Villas, developed by Abu Dhabi National Hotels company (ADNH), also opened its doors on the island, offering 270 rooms, a multi-functional event facility, a spa, and a number of restaurants. The island's new offerings, together with the already opened Monte-Carlo Beach Club, Saadiyat and Saadiyat Beach Golf Club, are set on one of the most pristine beaches the UAE has to offer, making Saadiyat a very appealing residential address.            Saadiyat Beach Villas is also in close proximity to The Collection at The St. Regis Saadiyat Island Resort - an exclusive retail complex that consists of a mix of 22 restaurants and retail outlets. Everyday shopping needs will be catered for with a planned supermarket, as well as other conveniences such as a pharmacy, hairdressing and nail salon, a bank and gift shops. The complex will be open from Q3 2012.            TDIC has also revealed plans to introduce a number of important community services and developments to serve residents of Saadiyat Beach Villas. These include a purpose-built nursery, which will be operated by an internationally-recognised academic operator and will accommodate up to 120 children. A retail centre offering day-to-day conveniences is also set to be developed, which will feature a grocery store, pharmacy, hair '&' nail salon and coffee shop. Other amenities include a mosque, ladies beach club and international school. The developments will be completed by 2013. – Emirates News Agency, WAM Â
           Students are being encouraged by senior UAE officials to embrace ecological, sustainable technology.            Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, shared the sentiment with students during a recent visit showcasing electric and solar-powered cars at the Higher College of Technology in Abu Dhabi.            With the help of S.S. Lootah Group, Sheikh Nahyan launched a ‘Green Car Campaign' as part of the bid to introduce the technology behind green cars to university students.            Sheikh Nahyan signed a pledge in the presence of students and senior officials reiterating the UAE's commitment towards protecting the environment.            Sheikh Nahyan called on the students to adopt a sustainable lifestyle. Naema Al Hamrani, corporate communications head at S.S. Lootah, said her company has used ‘green vehicles' for years.            "We are delighted to spearhead the campaign across UAE campuses to help raise awareness among the new generation about the importance of environment protection through knowledge sharing and demonstration of sustainable and green practises," she said. – Gulf News Â
           The UAE's GDP is estimated to have grown 4.9 per cent last year, said the latest report by the International Monetary Fund (IMF), adding that the UAE economy continues to recover from the fallout of the global downturn.            "The recovery of the economy is continuing despite the uncertain global economic environment. High oil prices and increased production, strong growth in Asia, and the UAE's perceived safe haven status in the context of the regional turmoil contributed to an estimated real GDP growth of 4.9 per cent in 2011," IMF said in its latest Article IV consultation with the UAE.            "Despite the continued weakness of the construction and real estate sectors in the wake of the 2009 crisis, real non-hydrocarbon growth picked up to an estimated 2.7 per cent last year, supported by trade, logistics, and tourism."            For 2012, the IMF projects oil production to be flat, whereas non-oil growth is expected to strengthen further to 3.5 per cent.            "Inflation remained low at 0.9 per cent in 2011, mainly due to a continuing decline in housing rents, and price pressures are expected to remain subdued this year," it said.            Matthew Green, head of Research and Consultancy, UAE at CB Richard Ellis, said: "It is hoped that the positive economic growth forecast for 2012 will provide a stimulus for an improvement in the overall business environment, which could have a knock-on impact for the commercial real estate sector in particular. However, with new stock entering the market, lease rates are likely to remain broadly unchanged, with current rents below 2005 levels."            Debt restructuring of some government-related entities (GRE), with debt estimated at US$30 billion (Dh110.19 billion) maturing this year, remains a challenge, the IMF said.            "GRE indebtedness, refinancing needs and reliance on foreign funding remain high, with about US$30 billion GRE debt maturing this year and significant amount of debt falling due in 2014-15," the IMF said.            The IMF noted the progress made in restructuring and managing the debt of GREs, but stressed the need for further efforts to mitigate the fiscal risks posed by these entities. "The GREs are still faced with high refinancing needs and are reliant on foreign funding," it said. Further deleveraging            In this context, the IMF encouraged further deleveraging and strengthening of impaired GRE balance sheets, increased transparency, and improvements in corporate governance at GREs.            Despite the accommodative monetary stance under the peg to the US dollar, lending to the private sector has remained sluggish as excess capacity in the real estate sector and the debt overhang still limit lending opportunities, it said. The banking sector has remained well-capitalised and profitable, despite a continued rise in non-performing loans and higher provisioning.            The IMF welcomed the continued economic recovery and favourable near‑term outlook, but noted "downside risks from the uncertain global environment and regional geopolitical tensions".            Going forward, the IMF encouraged UAE authorities to continue their efforts to sustain growth and diversify the economy, while maintaining macroeconomic and financial stability.            The IMF regarded the fiscal stance as appropriately focused on a gradual consolidation to unwind the large fiscal stimulus undertaken in response to the 2009 downturn without undermining the economic recovery.            "They [IMF directors] particularly welcomed the consolidation plans in Dubai, which will help improve the emirate's debt sustainability in the face of contingent liabilities related to government‑related entities (GRE) and the still weak real estate market," it said.            Noting the recent federal salary hike and planned increases in development spending in Abu Dhabi, the IMF emphasised the importance of managing the composition of public expenditure carefully. It commended authorities' efforts to strengthen the coordination of fiscal policies between the federal and emirate governments. – Gulf News Â
Dubai Financial Services, CBRC sign deal            The Dubai Financial Services Authority (DFSA), entered into a supplementary agreement on co-operation with the China Banking Regulatory Commission (CBRC). The agreement was signed by Paul M Koster, Chief Executive Officer, DFSA and Shang Fulin, Chairman, CBRC.            The signing took place during a meeting between the Shang Fulin and the Chairman of the Board of Directors of the DFSA, Saeb Eigner, and coincided with a visit to Beijing by a DFSA delegation attending the 2012 Annual Conference of the International Organisation of Securities Commissions.            The delegation included DFSA Board Member, Robert Owen and the Chief Executive designate, Ian Johnston.            The CBRC supervises all banks and non-bank financial institutions, including foreign and foreign invested financial institutions and offices, with the aim of safeguarding legitimate and sound functioning of the banking industry in the People’s Republic of China.            Koster said: “This initiative confirms a close and effective relationship between our two authorities. It grew from the response to the global financial crisis by the Basel Committee on Banking Supervision, which issued specific guidelines to enhance cross-border co-operation on crisis management. As active participants in the work of the Basel Committee, the CBRC and DFSA have entered into this agreement conscious of the need to implement international best practice and the commitment to ensure efficient and effective supervision of banks we both supervise.†           Saeb Eigner, Chairman of the Dubai Financial Services Authority’s Board of Directors said: “I am very pleased that the CBRC and the DFSA have, with this supplementary agreement, enhanced the terms of the Memorandum of Understanding we put in place on Sept.24, 2007. “Together with the existing MoU, today’s agreement reflects each agency’s commitment to co-operation in relation to prudential oversight and inspections in all situations and should ensure continued supervisory confidence as a number of significant banks from the People’s Republic of China enter the Dubai International Financial Centre,†he added.            The Dubai Financial Services Authority (DFSA) is the independent regulator of financial and ancillary services conducted in or from the Dubai International Financial Centre (DIFC), a purpose-built financial free-zone in Dubai. The DFSA’s regulatory mandate covers asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, an international equities exchange and an international commodities derivatives exchange.            The China Banking Regulatory Commission (CBRC) was first established in March 2003. It now has a network of offices in all major cities in China. Its functions include the formulation of supervisory rules and regulations governing the banking institutions; authorising the establishment, changes, termination and business scope of the banking institutions etc.            The CBRC is also responsible for the administration of the supervisory boards of the major state-owned banking institutions. – The Gulf Today Â
           Some 381,625 tourists from the GCC countries visited Sharjah last year forming 24 per cent of the total number of tourists to the emirate, the Sharjah Commerce and Tourism Development Authority (SCTDA) said Wednesday in a statement.            It added that Saudi Arabia, with over 99,000 visitors, formed the bulk of the visitors from the GCC region.            "This only underscores the importance of the Gulf tourism market and the need to maintain our presence and performance in the region. We will continue our efforts to tap this vast market by constantly diversifying and improving tourism services and attractions in the emirate," SCTDA Chairman, Mohamed Ali Al Noman, said in a statement.            His remarks come as Sharjah continues to lure Saudi and international visitors at the fourth edition of the Riyadh Travel Fair that opened in the Saudi capital on Tuesday.            Al Noman further said that Sharjah received "more than 65,000 Saudi tourists" in the first quarter of this year alone. "Saudi tourists are Sharjah's second largest market after Europeans," he pointed out. – Gulf News Â
Adnec launches new smartphone applications            Abu Dhabi National Exhibition Company (Adnec) on Wednesday launched its new smartphone applications. These expand the company’s digital communication channels allowing it to reach a wide range of audiences and stakeholders interested in keeping up with the latest developments in the MICE sector.            Humaid Matar Al Dhaheri, Chief Sales and Marketing Officer of Adnec, said on Monday during the launch ceremony: “With the launch of these easy-to-use applications, Adnec will strengthen its communications and bond with visitors to the events and exhibitions.            Last year alone, Adnec hosted 231 events, exhibitions and conferences.†Adnec seeks to raise the number of exhibitions, conferences and major events in key sectors. – The Gulf Today Â
Mansour receives Man.City coach; Mancini hails support            Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister for Presidential Affairs and owner of Manchester City Football Club on Tuesday received the coach of the team Roberto Mancini, his assistant David Platt, the acting chief executive John Macbeath and members of the Club’s administration.            In remarks at the meeting, Sheikh Mansour hailed the Manchester City’s historic win of its first English Premier League title in 44 years. Expressing his best wishes of more achievements for the team in the future, Sheikh Mansour praised the role coach Roberto Mancini played and said he was confidence in the ability of Manchester City FC to achieve the aspired results.            For his part, Mancini hailed the support Sheikh Mansour extended to the club to put it back on the winning track to eventually achieve this goal after 44-year long wait.            At the meeting were Khaldoon Khalifa Al Mubarak, Chairman of Abu Dhabi Executive Affairs Authority board chairman of Man.City, Ahmed Juma Al Za’abi, Deputy Minister for Presidential Affairs and Rashid Al Ameri, Undersecretary of Governmental Coordination at the Presidential Affairs Ministry. – Emirates News Agency, WAM Â
Turtle Nesting            The critically endangered Hawksbill sea turtles are continuing to nest on Abu Dhabi’s Saadiyat Island under the observation of the Tourism Development and Investment Company’s (TDIC) environmental affairs team, as part of the company’s Hawksbill Turtle Conservation Programme.            The only one of its kind in the Arabian Gulf, the nests containing between 90 and 100 eggs are expected to hatch within 50-70 days.            “The yearly return of the turtles is testament to the success of this conservation programme, which was designed to ensure that as hotels became operational on Saadiyat Beach, the turtles would continue to choose the island as their nesting ground,†said Mubarak Al Muhairi, director-general of the Abu Dhabi Tourism & Culture Authority (ADTCA).            The nine-kilometre Saadiyat beach plays host to several Hawksbill turtle nests every year. The Hawksbill is listed as critically endangered on the International Union for Conservation of Nature’s Red List, as its population has declined by more than 80 per cent worldwide over the last three generations due to habitat destruction and poaching.            Since the monitoring programme began in early 2010, some 650 eggs have hatched successfully on Saadiyat. Turtles continued to nest even during the construction of the now opened The St. Regis Saadiyat Island and Park Hyatt Abu Dhabi.            These turtles nest on a number of islands in the UAE, with Saadiyat’s deep sand beaches and natural dune system beyond the high tide line providing them with a good nesting habitat. – The Gulf Today Arab Parliament reiterates UAE's sovereignty over the three Islands occupied by Iran            Cairo - The Arab Parliament has reaffirmed the UAE's full sovereignty over the three Islands: The Greater and Lesser Tunbs and Abu Musa, calling on Iran to settle the issue amicably through direct negotiations or the International Court of Justice (ICJ). It called for speeding up holding of first round of Arab-Iranian talks, which will address the issue of islands on the top of agenda.            Ahmed Mohammed Al Jarwan, Head of the UAE Parliament Bureau delegation to the Arab Parliament meetings said in a statement that the issue of occupation of three UAE Islands by Iran has been included in the agenda of the Arab Parliament to settle it, adding that the UAE is keen to participate in all regional, international and special parliamentary sessions, among others, Arab Parliament.            He called for parties to comply with the Palestinian Reconciliation Charter, speed up its implementation and set up a national reconciliatory government and complement work of committee to develop the Palestinian Liberation Movement. Al Jarwan also called on the Arab Parliament to seriously support the Palestinian struggle, especially over Jerusalem, through assertion of the right of Palestinian people to resist the occupation in all forms.            On the Syrian issue, Al Jarwan said the Parliament supports the mission of Kofi Annan, Joint Special Envoy of the UN and the Arab League to settle the Syrian standoff peacefully. The Arab Parliament denounced the blasts and violence, which claimed the lives of innocent civilians, calling for making the mission of international observers a success. – Emirates News Agency, WAM Â
           The Cabinet gave approval yesterday for the UAE's decision to join the Gas Exporting Countries Forum (GECF).            The Gas Exporting Countries Forum is an intergovernmental organisation of 11 of the world's leading natural gas producers made up of Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela. The Cabinet's ratification, at its meeting chaired by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, made UAE the 12th state to join the forum of the major gas exporting countries in the world.            The Cabinet also gave approval to the decision by the UAE government to join the Arab Union of Land Transport (AULT).            AULT is a pan-Arab organisation representing road transport interests in the Arab League. Its members consist mainly of public and private operators of collective passengers and freight transport, primarily cross-border.            The meeting also ratified the air transport pact signed with Lithuania, discussed a number of items on the agenda and took appropriate decisions. – Emirates News Agency, WAM Â
           Dana Gas reported a 125 per cent jump in its first quarter net profits reaching Dh206 million for the first quarter of 2012, up from Dh92 million recorded during the corresponding period last year.            Gross revenue increased 14 per cent to Dh700 million, up from Dh616 million, while gross profit grew 34 per cent to Dh451 million, up from Dh337 million, the company said in a statement. Its production, however, declined 5.5 per cent to 63,000 barrel of energy per day (boepd), from 66,800 boepd.            Net profit rose principally from higher realised hydrocarbon prices during the quarter. The net profit excludes an unrealised gain of Dh135 million on Dana Gas’s 3 per cent shareholding in MOL, the Hungarian listed oil and gas company and a strategic partner in Dana Gas’s Kurdistan Region of Iraq (KRI) operations.            “This gain is booked directly to equity in line with the company’s published accounting policy, resulting in total comprehensive income for Q1 2012 of Dh341 million,†said the Sharjah-based company.            Group cash balances as at 31 March 2012 stood at Dh524 million (31 December 2011: Dh411 million).            “Dana Gas’s cash flow has been impacted by global macroeconomic and regional events. The revolution in Egypt last year and the subsequent unfolding turmoil in Egypt resulted in sporadic and progressively delayed payment of revenue by government-owned entities,†the statement said.            “Similarly, political disputes in Iraq have impacted planned payments by the central government to petroleum companies operating in the KRI. Despite these challenging external macroeconomic circumstances, Dana Gas hopes that these problems will resolve themselves in the short- and medium-term.†           The company’s US$1 billion sukuk, secured against certain Egyptian assets as well as SajGas and UGTC, are due to mature on 31 October 2012. Although the economic realities outlined above affected Dana’s ability to raise new funding, the company said, it is committed to finding a consensual solution that is equitable to all stakeholders.            “For these purposes, the company has appointed Deutsche Bank, Blackstone Group and Latham and  Watkins as its financial and legal advisors to advice on various options for discussions with the sukuk holders and their advisors. The Company will provide further updates as further progress is made,†the statement said.            Earnings before interest, tax, depreciation, amortisation and exploration (EBITDAX) were Dh459 million, compared to Dh403 million in the first quarter of last year, an increase of 14 per cent.            The revenue collections attributable to the group during the quarter were Dh335 million of which Dh192 million was collected in Egypt and Dh143 million representing the company’s 40 per cent share of collections in KRI.            The company’s cash flow has been affected by macroeconomic and regional events which resulted in delayed revenue collections from its customers being mainly government entities.            Hamid Jafar, Board Chairman of Dana Gas, said: “Our revenue collections were in line with expectation and we continue to have constructive discussions with both the Government of Egypt and the Government of the Kurdistan Region of Iraq on payment of Company’s receivables.            Overall, however, this has been a reasonable quarter financially and we look forward to the rest of the year with renewed confidence.†           Dana Gas Egypt produced gas, LPG, condensate and crude oil at an average rate of 34,500 boepd in the first quarter. Production is expected to increase later in the year as compression facilities and new production wells are added, and two new fields are brought on stream. In the Kurdistan Region of Iraq, the Company’s 40 per cent share of production in the Kor Mor Field continued to increase, achieving an average rate of 28,500 boepd (2011: 19,500 boepd).            This 46 per cent increase in production was mainly due to increased gas deliveries achieved by running the 2 trains of the LPG plant and the early production facility (EPF) in parallel, and including the condensate and LPG extracted from the additional gas.            Ahmad Al Arbeed, Chief Executive Officer of Dana Gas, added: “Good progress is being made on our drilling programme in Egypt, with one new field discovery (the West Al Baraka Field) in the South of the country. We plan to drill further exploration and development wells in Northern Egypt. I am also pleased to report that the commissioning and start-up of the Natural Gas liquids plant in Ras Shukheir (Egypt) is advancing well and should be operational in Q2 of this yearâ€.            The Company drilled and tested a successful exploration well, West Al Baraka-2, in the Komombo Concession in Southern Egypt. A reservoir fracturing test will be run in June to optimise the production rates and assess the hydrocarbon potential. – Gulf News Â
FANR seeks Western region community involvement            The Federal Authority for Nuclear Regulation (FANR) hosted a public forum to provide the Western Region community with insight into FANR's Mission, Vision and Core values. During the event FANR explained its role in the UAE's peaceful nuclear power programme and in its function in regulating and licensing radioactive materials and radiation sources used in medicine, research, oil exploration and other industries.            The forum was held at the Cultural Centre in Madinat Zayed and was attended by Dr. Mariam Al Shenasi, Under Secretary at the Ministry of Environment and Water and Board Member of FANR, and almost 200 residents and officials from the Western Region Municipality, the Western Region Development Council and Abu Dhabi Education Council and other government and private organisations.            "We are encouraging residents of the Western Region to be aware of the UAE's peaceful nuclear power programme and particularly aware of FANR's role in the nuclear safety, security and safeguard" said Dr William Travers, FANR's Director General. "FANR is using world experts working alongside Emirati engineers to guarantee high competence and the long-term sustainability of our work." FANR is working closely with its strategic partners in the Western Region such as the Western Region Municipality, Abu Dhabi Education Council, Western Region Development Council, Cultural Centre and Community Police Department to engage with its stakeholders and showcase its full commitment to transparency and sustainability.            The panel from FANR explained to the public its commitment to the highest standards of safety, security and safeguards, and introduced the authority's role and procedures after the Fukushima accident as well as FANR scholarships and career opportunities.            After the presentations, the audience was invited to ask questions, which were received and addressed by FANR officials. – Emirates News Agency, WAM Â
           More than four million people visited Dubai's summer attractions last year, boosting Dubai's economy by Dh8.8 billion, including Dh5.9 billion spent by regional and international visitors, and Dh2.9 billion spent by UAE residents.            During the Dubai Summer Surprises (DSS) 2011 festival, an estimated four million people enjoyed DSS-related activities and events, with a total of 888,882 regional and international visitors and just over three million UAE residents attending, according to its organiser Dubai Events and Promotions Establishment (DEPE).            Sheikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and CEO of Emirates airline and Group, said: "The results of this study clearly demonstrate that nothing is impossible for Dubai. Fifteen years ago, the Dubai Government's decision to launch a summer tourist event raised questions and doubts. Many were sceptical of the weather-related challenges, along with possible competition from event hubs and tourist destinations across the region. However, Dubai managed to transform these challenges into opportunities through developing initiatives and infrastructure that has allowed the Emirate to become the destination that we know and love today." The study, commissioned by DEPE and conducted by leading independent global research firm YouGov Siraj, surveyed 1,295 international visitors and UAE residents throughout the festival period (June 22 - July 31, 2011). Survey findings demonstrate the role of the festival in boosting Dubai's retail and tourism industries. Perceptions of DSS among visitors were very positive with around three-quarters of visitors surveyed claiming DSS ‘makes Dubai a much more attractive destination' (73 per cent).            Laila Suhail, CEO of DEPE, said: "Over the last 14 years, DSS has played a central role in establishing Dubai as a leading family destination, creating reasons to visit and shop in the city during the summer months. As we prepare for the opening of the 2012 edition of Dubai Summer Surprises — launching on June 14 — this research demonstrates the positive impact of DSS in enhancing Dubai's attractiveness as a summer destination, as well as its role in encouraging repeat visits." - Gulf News Â
           Dubai aims to reshape its economy following the global financial crisis by swapping focus on its property sector to high-tech industry.            High-tech manufacturing would complement the emirate's existing "classical pillars" of the economy - trade, tourism and services, said Sami Al Qamzi, the director general of Dubai Department of Economic Development (DED).            "The high-end value of manufacturing might be tapped," he said. "If there's appetite, Dubai will definitely go in this direction."            In addition to focusing on sectors such as trade, tourism and services, the emirate will also "tap into new ventures of activities that will help the economy", Mr Al Qamzi said.            The Dubai Government and the federal Government, more broadly, will seek to woo global partners to help to transfer knowledge and technology here, he added, without providing further details.            Dubai is revising its 2015 strategic plan to reflect a more sober reality than the heady days of five years ago when the blueprint was first drawn up. The changes follow a downturn in the emirate's property market, triggered by the global recession. Property has since been dropped as one of the core areas of focus for Dubai's expansion. The property market in Dubai is "saturated", Mr Al Qamzi said.            While companies in Dubai make products ranging from bottled water to aluminium, the emirate has yet to become known as a producer of high-end goods.            Such products, including heavy equipment and electronic circuitry for other products, are credited with generating larger returns for businesses and economies. Officials would like to take advantage of the emirate's central location between Europe and Asia to plug into the global high-tech supply chain.            "We are part of the global economy and have full linkages between Asia, Europe, Latin America and the region through bilateral activities and trade," said Mr Al Qamzi.            He said Dubai was still finalising what new sectors it would like to develop. The plan will then be reviewed by the Dubai Executive Council before being published next month.            Manufacturing already accounts for about 15 per cent of the emirate's GDP and has been growing more than 10 per cent per year over the past decade. Of the other main sectors, trade represents 30 per cent, tourism including hotels and restaurants makes up 3.7 per cent and financial services 11 per cent, according to data from the DED.            In another sign that officials are taking a fresh look at the emirate's future, GDP goals are being revised. Previous annual growth targets of 11 per cent will be replaced with more modest goals of mid-single digit expansion.            "We need to take into consideration that we are in a totally different dilemma," said Mr Al Qamzi, "We are not in double digits, we are single digits".            The emirate's economy will grow 4.5 per cent this year, Sheikh Ahmed bin Saeed Al Maktoum, the chairman of the Dubai Economic Sector Committee, said in February. GDP returned to a positive footing in 2010 after falling 4.5 per cent in 2009, according to the Institute of International Finance. But the outlook is picking up, economists say.            "Dubai is the biggest non-oil economy in the region. All the macro-economy indicators we have across most of the sectors have been doing fantastic," said Philippe Dauba-Pantanacce, a senior economist for Turkey, Middle East and North Africa at Standard Chartered. – The National Â
UAE accounts for 31% of GCC banking assets            The UAE banks have the largest share of banking assets in the GCC that rose by 8.9 per cent in 2011 to US$1.46 trillion, equivalent to 106 per cent of regional gross domestic product, or GDP.            The UAE banks account for 31 per cent of the total assets in the GCC, a report by QNB Group said. Saudi Arabia’s banking sector is in second place, with 28 per cent of GCC assets, but it is the smallest in relative terms, at around 71 per cent of GDP, the report said.            The report observed that the UAE has the highest level of domestic loan penetration, 78 per cent of GDP, primarily as a result of extensive lending to the real estate sector. Saudi Arabia has the lowest, at 40 per cent of GDP, but this may increase when a long-awaited law reforming mortgage financing is implemented and boosts access to credit.            Analysis of the GCC banking sector performed by QNB Group concludes that the region’s banking sector’s prospects are stable and banks are expected to be remain profitable and that the sector itself has room for growth.            The report said that the GCC banking assets have been growing strongly in recent years, except for a slow period in 2009, at a compound annual growth rate of 7.5 per cent from 2007-11.            This growth in banking assets is a consequence of the region’s economic boom, driven by high oil prices.            A recent report by the National Bank of Kuwait, NBK, endorses this view, forecasting that GCC banks would perform better this year because of high public spending and an increase in lending.            For banks in GCC countries, 2011 was a better year than the one before. Bank profits continued to improve and assets growth was healthy, NBK said in its report.            “In the current global context, the region’s economic growth is relatively good, with governments at various stages of implementing ambitious capital spending plans to boost economic growth and funding is plentiful. However, some regional banks continued to deal with the after-effects of the 2008 global financial crisis, particularly on their asset quality,†it said. According to QNB report, in terms of profitability, the combined net profit of the ten top GCC banks increased by 18.1 per cent in 2011, to US$12.3 billion. QNB Group led the pack, with profit growth of 32 per cent to US$2.1 billion.            The GCC’s banking sector is in a good position to support the ongoing development of the region. Strong GDP growth, which QNB Group forecasts will average 4.6 percent in real terms for the GCC in 2012-13, will increase the demand for bank financing across the economy. As a result, regional banking assets are expected to continue to grow strongly. At the same time, conservative banking policies will ensure that the banks remain stable through this period of growth.            The report said Qatar’s banking sector saw the most rapid increase in assets during 2011, growing by 22.3 per cent. It looks set to move ahead of Bahrain (an offshore financing hub) to take third place in the region by asset size, having previously overtaken Kuwait in 2010.            Domestic banks hold the majority of assets in each country, with the exception of Bahrain where foreign banks hold 57 per cent. For the region as a whole, domestic banks in their home countries hold 83 percent of assets.            Loans as a share of GDP in the GCC rose to 56 per cent in 2011, but this is low compared to countries like the UK where loans are 153 per cent of GDP. This largely explains the GCC’s fairly low share of overall banking assets relative to GDP. There is therefore space for an increase in the loan penetration rates in the GCC, the report said. – Khaleej Times Â
           The UAE maintained its position as the largest market for Japanese products in the Middle East in the first quarter of 2012 after a sharp rise over the same quarter of last year, according to official Japanese data.            The UAE also emerged as the region’s second largest exporter to the Asian industrial giant after Saudi Arabia and the bulk of those exports included crude oil and gas, the Japanese External Trade Organisation (Jetro) said.            Jetro’s latest statistics bulletin also showed higher oil prices boosted the total exports of the six-nation Gulf Cooperation Council (GCC) to Japan surged by around 30 per cent in the first quarter of 2012 over the same period of 2011.            From around US$1.73 billion in the first quarter of 2011, Japan’s exports to the UAE soared to US$2.42 billion in the first quarter of 2012, the report showed.            The UAE’s exports to Japan, mostly crude oil, gas and aluminium, also swelled from around US$9.58 billion to US$11.54 billion in the same period.            Saudi Arabia emerged as the top Gulf exporter to Japan with a total value of around US$14.3 billion in the first quarter of 2012 compared with nearly US$12.3 billion in the first quarter of 2011. But it was the second largest importer from that country, with a value of US$2.09 billion in the first quarter of this year against about US$1.6 billion in the first quarter of 2011.            The report showed the GCC’s combined exports to Japan jumped by around 30 per cent to US$41.7 billion in the first quarter of 2012 from around US$32.15 billion in the first quarter of 2011.            The group’s imports from the Asian nation also grew to nearly US$6.61 billion from US$4.73 billion in the same period.            The surge in exports widened the GCC’s trade surplus with their main economic and commercial partner 35 billion in the first quarter of this year from nearly US$27.4 billion in the first quarter of 2011.            The report showed Qatar, the world’s third largest gas power, emerged as the third exporter to Japan in the Middle East because of a sharp rise in its LNG sales to that market over the past few years. Its exports soared to nearly US$9.8 billion in the first quarter of 2012 from US$6.38 billion in the first quarter of 2011.            Massive oil supplies have kept the GCC-Japan trade balance largely in favour of the 31-year-old Gulf alliance, with the surplus peaking at nearly US$117 billion in 2008. It stood at about US$122 billion last year.            Japan gets more than 80 per cent of its oil needs from the GCC, Iran, Iraq and other Middle Eastern crude producers. Saudi Arabia and the UAE alone supply it with more than two million bpd, nearly half its total oil imports.            Besides crude, the GCC’s exports to Japan include aluminium, natural gas, LNG and petroleum products, with the bulk of the aluminium supplies coming from Dubai and Bahrain. The GCC’s imports from that country comprise mainly electronics, vehicles, machinery, and other industrial products. – Emirates 24|7 Â
Dubai Customs launches an awareness campaign about endangered animals            As part of its efforts in maintaining environment and in response to implementing the "Green Customs" initiative which was proclaimed in 2003 by United Nations Environment Program and to implementing the Convention on combating trade with endangered species of wild of Fauna and Flora (CITES) which UAE joined in 1990, Dubai Customs, yesterday at Mirdif City Centre launched an awareness campaign to educate the public about the endangered animals with aim to combat illegal trade of environment harmful substances.            The campaign was launched with the attendance of Mr. Ahmed Mahboob Musabah, Executive Director of Clients management Division, along with a number of officials at the department.            Mrs. Feryal Tawakul, Executive Director of Community Affairs and Government Partnership Division at Dubai Customs, emphasised that the campaign comes within Dubai Customs strategy of educating the community about the imperilled animals and increasing awareness about the environmental and community issues, especially, Dubai Customs is one of the leading government departments giving due concerns to the matters related to the protection of environment and habitats within their top strategic priorities to ensure implementation of international conventions and initiatives in this regard.            "The campaign will continue from 15 to 20 May, at Central Galleria -Mirdif City Centre Central Galleria - ground floor and during different periods throughout the year," she said.            "The campaign, as within objectives of Dubai Customs' Social Responsibility, implementation of its strategic plans and enhancement of its effort in preserving environment (inland-sea-air), intends to spread the culture of environment protection. During the events, brochures shall be distributed at Mirdif City Centre to the visitors," she added.            The visitor at the Centre will also have an idea about the role of the Customs inspectors who continuously receive training courses to improve their skills and develop their competencies with aim of carrying out effective mission in protecting the local community from infiltration of prohibited goods or entry of such goods to local use through the air, inland or seaports to purposely ensure enhancement of international image enjoyed by Dubai Customs in areas of Customs inspection operation.            Tawakul explained that the Department in March, 2012, launched a campaign through the social network site (Facebook and Twitter) to publish information about the imperilled animals and plants, and educating the public about the consequences of their extinction, in addition to the importance of releasing regular updated lists with the endangered animals and plants in coordination with the related agencies and Ministry of Environment and Water.            Mrs. Feryal pointed out that smuggling of endangered animals, plants and their products is incompatible with Islamic preaching and an activity incriminated by international legislations including convention of CITES.            The UAE Federal Law No. (11) of 2002 pertaining to Regulating and Controlling of the International Trade in Endangered Species of Wild Fauna and Flora restricts exportation, transit, unloading, re-shipping, re-exporting or entry of any animals or plants or their parts or products without official approvals, certificates and attestation.            Mrs. Tawakul said: "imperilled animals under the convention of CITES, including, their skins and taxidermies, as well trees and plants should be disclosed at airports, sea and inland ports by passengers to Dubai Customs inspectors: otherwise, it will be considered illegal attempt of infiltration and shall be punishable in pursuant to the law." – Emirates News Agency, WAM Â
Mega cruise ship arrives in Dubai            Royal Caribbean International’s Voyager of the Seas, one of the biggest cruise ships, has arrived at Dubai’s cruise terminal for the first time.            At a length of 311 meters, if you turned the ship 90 degrees it would be almost the same height as Burj Al Arab. She can carry up to 3,114 guests and 1,185 crew, has a total of 15 passenger decks and a gross tonnage of 138,000 tonnes.            Sailing from Barcelona on April 30, Voyager of the Seas visited Alexandria, and via the Suez Canal, went on to Sharm El-Sheikh and Safaga, before arriving in Dubai. After her stop in Dubai, the ship will re-locate to Asia becoming the largest cruise ship ever to sail out of the region. The ship will operate summer departures out of Singapore and Shanghai in 2012 with a series of 4 to 7 night cruises to different exotic Southeast Asian, Japanese and Korean destinations. Thereafter, the ship will sail via Singapore to Australia making Sydney her new home and visiting ports around Australia and New Zealand.            Voyager of the Seas was revitalised at the end of 2011 and will now exclusively offer the DreamWorks Experience in the Far East and South Pacific. DreamWorks Animation characters, such as Po the Warrior Dragon from Kung Fu Panda, Shrek and Fiona, and Alex the Lion and Gloria the Hippo from Madagascar, will delight guests in character breakfasts. – Khaleej Times Â
           The plan for a single visa system for the GCC (Gulf Cooperation Council) countries for cruise passengers, which has been under discussion for almost four years, is finally expected to be in place by September, according to a senior Department of Tourism and Commerce Marketing official.            "We have raised it [the visa issue] to the highest level and it is under way. Hopefully, we will have positive feedback.            "It will happen for sure before the next season. So it should be done by September this year," Hamad Mohammad Bin Mejren, DTCM's Executive Director for Business Tourism, told Gulf News yesterday on the sidelines of a conference to announce the maiden call of Royal Caribbean International's Voyager of the Seas cruise ship at Dubai's Port Rashid.            Asked if it would be a single visa for all the GCC countries, he said: "That is what we hope for. That's what we have conveyed [to the authorities] we want and that's what we hope will happen." He added that the visa process will be eased for cruise passengers and the region's travel and tourism industry is pushing the federal authorities to introduce it as quickly as possible. The region's travel and tourism industry, along with cruise companies, has been pushing the federal authorities to introduce the single visa for cruise tourists.            The visa will enable visitors to tour all six GCC countries — the UAE, Kuwait, Bahrain, Qatar, Oman and Saudi Arabia.            Asked if the cruise industry also, expected the visa situation to be resolved by September, Helen Beck, Regional Director, EMEA for Royal Caribbean International, told Gulf News: "Yes, indeed. We have had verbal confirmation from the DTCM that it is very likely that the visa situation will be resolved [by September].            "But we are waiting for the written confirmation and details of exactly what that means." Hoping it would be a single visa for all GCC countries, Beck said: "That's our expectation and that's the information we have been missing at the moment, as to specifically what the proposal from the immigration team is going to be.            "Our understanding is that it's in place to make a change but we are not exactly 100 per cent certain yet what the visa will be. I imagine — but it's not confirmed — that it will be some kind of multi-entry visa specifically for cruise guests."            A single visa can speed things up in the cruise business as ships use Dubai as the hub to sail to other countries in the region such as Oman, Qatar, Bahrain and Kuwait.            At present, a lot of foreign travellers must secure several UAE entry visas. Great uptake            The current visa process, according to Beck, blocks guests from key countries such as Russia, China, South Africa, Brazil and other such emerging markets, to visit the UAE and join a cruise. She told Gulf News in an earlier interview that it costs them [travellers] "approximately US$150 (Dh550) per person" to just come in and out of the country, adding that cruise companies would get a "great uptake" in cruise guests if a single visa were adopted. – Gulf News Â
           Environmentally friendly electric cars have joined Dubai Police's expanding fleet, it was announced yesterday.            Launching the latest addition, Lieutenant General Dahi Khalfan Tamim, Dubai Police Chief, stressed the police were keen to adopt the latest methods in offering their services to the public and to keep up with the UAE's world-renowned efforts in the health, safety and environment sectors. The cars will be used as patrols as well as service cars for transporting employees and visitors inside the police headquarters.            Introducing environmentally friendly police patrol vehicles is a step towards the sustainable use of fuel and reducing carbon emissions and other harmful gases, he said. – Gulf News Â
           He has been measured for his suit and the date set for Abdulla Al Gurg to carry the Olympic flame through the streets of London in advance of the summer Games.            Mr Al Gurg, an Emirati who lives in Dubai, will be one of 800 people to carry the torch through more than 1,000 cities, towns and villages in the UK.            The torch was lit in Olympia, Greece, last Thursday and will arrive in the UK on Friday, where it will begin its 70-day journey.            Mr Al Gurg, 30, will carry the flame only 450 metres, but said he will savour every moment of it.            "I am going to walk very slowly and make sure everyone in the UK can take plenty of pictures of me and send them back to Dubai," he said, laughing.            Officials have already put in the order for his special white uniform, which he will wear for his run on July 26, the day before the Games open.            "It will be an honour to be one of the few," Mr Al Gurg said. "I really appreciate the gesture and hope I can reciprocate it as a torch-bearer. I am sure some Emiratis have their reasons to be nominated from a sporting point of view.            "My cause is from charity and we can showcase that more, especially for NGO charity organisations."            Mr Al Gurg is the general manager of Easa Saleh Al Gurg (Esag) Group, the family business. He was chosen as a torch-bearer because of his contributions to the community. His sponsor is Lloyds TSB in London, one of the three companies supporting the torch relay.            Mr Al Gurg also sits on the board of the Esag Charity Foundation, which was set up after a decree by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.            The foundation, which does not accept donations, gives to educational and health care charities in the UAE and Africa.            It gave to more than 10,000 causes last year, including financial assistance to more than 5,000 individuals, and also aided more than 500 medical cases and donated educational aid to 1,000 schools and universities.            The foundation has helped support the building of six mosques in and outside the UAE.            Since 2010, it has donated US$9million (Dh33m) to various causes across the world.            The charity owns a number of tower blocks in Sharjah and Dubai and more than 30 villas in Jumeirah. The profits taken from rent goes into a fund, which is then donated.            "It supports education, health care and social well-being of certain cases," Mr Al Gurg said. Underprivileged students who do not have access to education are also supported. "I hope to make a point of exposing all the good work charities do and be an advocate of charity work. We rarely celebrate the good work done and success. We always look at the sorrows of the unfortunate in society," he said.            "We also have to appreciate a lot of the work the foundations are doing."            A representative of Lloyds TSB flew to Dubai to tell Mr Al Gurg he was had been put forward to go through the process.            "I didn't know what it meant in the beginning and obviously I made myself aware of it and it looks like a big thing," he said. "It took a while for it to sink in and it seems like an interesting thing to do and to be in London for the Olympics is a rare opportunity."            As his part of the relay will be during Ramadan, Mr Al Gurg will be fasting, and his family will not be in the UK to cheer him on.            "I think it's too crowded for them, and as it will be Ramadan they will be with their family," he said. He was not sure if he would go to any of the events. He said he wanted to fly back and be with his three children.            Eight thousand people have been chosen to carry the torch on the basis of their contributions to their communities.            Mr Al Gurg will receive a replica of the torch to bring home with him and plans to put it in his office next to his other prized possession, a set of Tiger Woods's golf clubs. – The National Â
           The world has discovered Shamma Hamdan, the first Emirati woman to make it to the finals of the hit reality show Arabs Got Talent. Fame has had its ups and downs for the 18-year-old, but she is unbowed by criticisms and promises to surprise at her next performance. Rym Ghazal reports            Shamma Hamdan is relaxing in the majlis of her parent's home and ready to reveal one of her secrets. "I love to dance Zumba,"she says.            It's the sort of inconsequential nugget of information about her life that is likely to be seized on by the growing number of fans - and detractors - of the newest star of Arabs Got Talent.            At just 18, the schoolgirl from Dubai suddenly finds herself in the full glare of the celebrity spotlight after becoming the first Emirati woman to make it through to the finals of the hit reality TV show.            Her performance - strumming a guitar while singing in Gulf Arabic style - was described as "breathtaking" by one judge. But at the same time her decision to appear uncovered has sparked a backlash among some of her fellow countrymen and women.            For the moment, though, she seems untouched by the ups and downs of fame. Recalling her audition for the show, she says "I have accomplished one of my biggest dreams. My voice and music reached people, and they listened."            As for the criticism of her appearance, much of it on social networking sites like Twitter, she explains that her outfit of comfortable trousers, a suede purple jacket, wavy short hair, and a bandanna around her neck, what she calls "a very relaxed guitar look" was inspired by her father, who first taught her to play the instrument.            "That is just one side of me the world saw, there is a lot to me besides that one style of performance. They couldn't attack me on my singing and skills, and so they found something else to criticise and attack," she said. "My clothing."            For her exclusive interview with The National, Shamma presents a more feminine side, introducing herself with a shy smile but a confident handshake. She is dressed in a silky white shirt with a horse head pattern, black suit trousers, a pair of loafers and a gold Fendi necklace. She apologies for her unkempt hair, explaining she has just taken a quick nap after an exam. Unmistakable though is her dimple and a pair of startling green eyes, speckled with blue.            At the time of the audition she was only 17 and celebrated her birthday on April 28. "I am a typical Taurus. I go chasing after my dreams," she said.            In her final year at Dubai Modern Education school, Shamma will graduate at the end of this month after taking her final exams.            Before her appearance on Arabs Got Talent, filmed in Beirut, Shamma admits that she was particularly worried about Ali Jaber, the Lebanese journalist and academic with a reputation for being the most critical of the three judges.            As it turned out there was nothing to worry about. As the audience applauded enthusiastically, another judge, the legendary Lebanese singer Najwa Karam told her: "You were breathtaking. You are still very young but your singing in Arabic is amazing."            Then came the verdict of Jaber. "Your voice, Shamma, is clear. I like you," he said. "I like your performance and I liked your show a lot."            At that moment, Shamma says: "That is when I knew. I have passed."            None of this would have been possible without the support of her family, including her four sisters and brother. Her father works for the Civil Defence and her mother at the Ministry of Education. At home, the whole family loves music.            We are a musical family, where when we don't play musical instruments, we sing and dance to music," she says. "Music is in our genes."            Currently she has ten guitars, a piano and drums in a special music room at her family home.            Her introduction to music came through her father and his brothers, who were a band that played in the privacy of their homes and for their friends.            At the age of eight, Shamma picked up one of her father's guitars and never let go. "My fingers were raw and in great pain in the beginning, but now, they can't rest unless they are resting on a guitar's chords," she says. She has never had a professional lesson and even today, cannot read music.            Pausing to search for that original inspiration, she points out a family photograph of her father from his days in the band. "I always like to look at that photo, my father looked so happy and comfortable in hippie style clothing and wavy gypsy hair cut, playing on the guitar," she said. "It looked heavenly and so I wanted to find out why he looked so happy."            That look, she says, helped inspire her outfit on Arabs Got Talent.            When the show was broadcast earlier this week, Shamma says she was prepared for "some" criticism, but not for the level of abuse that followed from some quarters.            Her Twitter account went to 87,000 followers, many complementary, but others less so. Some tweets slammed her for her "un-Islamic" and "un-Emirati" appearance. Others were more cruel, making comments like "Shame on you. You don't represent anything Emirati. You should be pulled from the show." Still more made fun of her appearance.            "It was like fire, rumours spread about my origin, that I am not 'originally' Emirati, that I am from Iran, Iraq, Pakistan, India, even Afghanistan, cause, hey, I don't look like the typical Emirati," she said. In fact the family is from Al Raisi tribe.            "I am not a tomboy, not a boyat, not anything. I am just a musician who is a bit sporty," she says. "I like to surf when I am not playing music."            "Imagine I performed in an abaya and shayla while playing on a guitar? What would they say? I would be called the biggest sinner in the world."            As for wearing the hijab, she says her family accepts her the way she is, and when she is ready, she will cover. For now Shamma wears the abaya when she goes out in public.            Her next appearance will be in the first of the elimination rounds. She will fly to Beirut for the live show just days after finishing her exams and promises the world will see a different side and performance.            "An artist is always rediscovering themselves. I am going to surprise you yet," she says, hinting that she may use an electrical guitar.            None of this would have been possible, she says if it wasn't for her "personal manager and makeup artist", her 20 year old sister, Salama.            "I want my sister to look and be her best," Salama says, adding red lipstick, concealer and a bit of blush and mascara on her sister for the photo shoot for the National.            "I know how judgemental the world is and that it doesn't understand laid back people like her who are more focused on the actual music," she says. In fact Shamma's appearance on Arabs Got Talent is down to her sister, who works as a photographer but has also posted YouTube videos of her sister and gathered support around the Arab world.            "I applied on her behalf and then surprised her the day of the auditions last summer saying she must go and perform," says Salama.            Saudi women are currently her sister's biggest fans, Salama says, with the biggest backlash coming from Emirati women, particularly from Abu Dhabi.            "I knew my sister was talented," she says."I just wanted the world to meet her."            When she is not on stage, Shamma spends her time on the beach, surfing at Wild Wadi or among books in bookstores and cafes. Whatever happens in the show, she plans to study international politics and hopes to become a diplomat one day.            "There is so much to do in life, people are just too focused on appearances and on negative stuff, not giving their own hearts and souls enough attention," she says.            In addition to Arabic, Shamma has composed songs in Spanish and says "I dream I am in Spain when I play them, and so, I am going to Spain soon."            Her other dream is to hold a concert."A real concert, where youths like me and even maybe my father and his generation can come and play and sing without any worries and restrictions," she said. "It will be about music, and not about who and what one is wearing." – The National Â
Falconry attracting young generation, says expert            The young generation is showing increasing interest in falconry as a sport, said Humaid Obaid Al Muhairi, Managing Director of Dubai Falcon Hospital.            “Falconry is an activity that is usually passed down generations. Now, children whose fathers do not practise falconry are actively taking up the sport. I think it’s because of the several falconry competitions with attractive prices being organised,†he added.            Muhairi spoke with Khaleej Times on the sidelines of the World Migratory Bird Day Seminar at the Nad Al Sheba Falcon Centre on Monday.            The seminar stressed that falconry is a sport that is deeply rooted in the Arab world. The Dubai Municipality has planned various activities to mark World Migratory Birds’ Day and spread awareness regarding bird species, which have high environmental value.            The speakers at the seminar included Mohammed Abdul Rahman Hassan, Head of Marine Development and Wildlife Section of the municipality; Saif Al Shara, Assistant Deputy Minister of Environment and Water for Aquatic Resources and Conservation of Nature; Dr Gamal Madani, Consultant Protected Areas, Ministry of Environment and Water; and Sarah Gough from the Dubai Falcon Hospital. Muhairi also advised falconers to avoid training falcons near cables and fences.            He said, “The biggest challenge that the hospital faces in protecting the birds are treating them for diseases like Bumblefoot and Aspergillosis. Take Bumblefoot, for example. The incidence of the disease is high because owners are not careful with the birds. If it is diagnosed in the early stages, it can be treated.†Sometimes, the hospital has to treat falcons that have met with accidents. Protecting endangered species           Dr Madani said that a lot more must be done to protect endangered species. He said the biggest concern is the use of pesticides, which have endangered the life of the Peregrine Falcon. Dr Madani listed the various endangered and potentially vulnerable bird species in the UAE, including the Imperial eagle, the Egyptian vulture and the yellow-breasted bunting. An exhibition of photographs of different kinds of local and international birds has opened for the public at the Falcon Centre.            Meanwhile, a special awareness programme for students will be organised in collaboration with Al Ebdaa Model School in Deira on May 16. – Khaleej Times Â
           Walk into the lobby of the new Sofitel hotel and it exudes opulence.            A rich scent of perfume wafts through the air, there is a grand piano, its workings encased in a transparent body, and the staff are elegantly dressed.            Wander upstairs and there is modern, upmarket jazz bar and a stylish seafood restaurant. It may sound like you are in the heart of a western city but, in fact, this stylish new property is located on Abu Dhabi's Corniche.            The Sofitel Abu Dhabi is the latest luxury hotel to open its doors in the capital and it is part of something of a renaissance on the Corniche.            "The Corniche, I think, is still the heart of the city," says Oliver Key, the general manager of the St Regis Abu Dhabi, another luxury hotel being developed at the other end of the road as part of the Dh1.6 billion (US$435.5m) Nation Towers project. "It's a great stretch of coastline."            The hotel is expected to open in September and is part of a complex that will include apartments, offices and shops.            But these hotels will need to work hard to generate business. Despite several new developments coming on to the market, total hotel revenues in Abu Dhabi increased only by 1 per cent to Dh1.2bn in the first quarter compared with the same period last year, figures from the Abu Dhabi Tourism and Culture Authority show.            The extra hotel supply triggered a 6 per cent decline in occupancy to 64.1 per cent in the first quarter compared with the same months last year, according to STR Global. Abu Dhabi's average daily room rate, meanwhile, fell 11.7 per cent to Dh633.85.            Mr Key believes his hotel's unique attractions will draw guests in.            These include a Gary Rhodes restaurant, a beach club, butler service and a 1,100-square metre suite located in what the hotel describers as the world's tallest bridge between two buildings.            "That will be a talking point for sure," says Mr Key. "The two towers are joined at the top with a bridge. The entire bridge is just the majlis living space of the suite. It has a little spa area, it has a little cinema."            Just like the St Regis, Jean-Philippe Bittencourt, the general manager of the Sofitel, which opened in March, knows he will have his work cut out to entice guests. More than 2,000 luxury hotel rooms have already opened in Abu Dhabi in just a matter of months.            "The St Regis will be our direct competitor because it's in the Corniche," says Mr Bittencourt.            "The market is very challenging because there are so many hotels. Our prime market is corporate because of the location and also because of the facilities we have in our hotel. And of course we're also trying to attract people especially coming for short breaks, weekends."            Rotana, which operates properties including the Khalidiya Palace, which opened in 2010 and is located opposite Emirates Palace, is noticing the effect of the competition, which includes the nearby Jumeirah Etihad Towers property, launched in November.            "Abu Dhabi is definitely feeling the heat from the additional inventory," says Selim El Zyr, the president and chief executive of Rotana Hotels. "New hotels are finding their way. It usually takes one year, two years to stabilise in a market where demand is lower than supply. There's also pressure on existing hotels, which are losing market share and occupancy."            Yet the capital still has work to do on establishing itself as a destination and on how it can bring in more tourists during the summer.            "The challenges of the 'low-season' need to be tackled," says Chiheb ben Mahmoud, the head of hotel advisory at Jones Lang LaSalle Hotels, Middle East and Africa. "It is important that all parties and stakeholders to cooperate in order to implement the destination growth strategy."            The Ritz-Carlton Grand Canal, meanwhile, is expected to open in the Between The Bridges area, later this year. It has 532 rooms and is hoping to bring something new to the capital, too.            "The project will have a hotel but also we have a 'Venetian village' that will be on the side of the hotel, where the customers will be able to walk through and it will feel a bit like being in a small Italian town and that will also be offering some food and beverage options," says Pascal Duchauffour, the area vice president for Ritz-Carlton in Europe, the Middle East and Africa.            "Abu Dhabi has to develop more leisure. Abu Dhabi will get there but I think the next few years are going to be a bit challenging because you have a large supply. But in the long term I think Dubai and Abu Dhabi will complement each other."            Neil George, the vice president of acquisitions and development in Africa and the Middle East for Starwood, which has brands including St Regis, Sheraton and Le Meridien, is also confident in the future.            "If you take a long-term view - we're in the long-term business -our hotel contracts are for 30, 35, 40 years, so a couple of years doesn't change your view about the market as a whole. Over time, the fundamentals are still there." – The National Â
The President of the UAE Cup for purebred Arabian horses to start in Pimlico on Saturday            The President of the UAE Cup Gr 1 for Arabian purebred horses will be flagged off on Saturday at Pimlico Race Track in Maryland-USA, marking the 2nd leg of the Thoroughbred Triple Crown.            The event is organised as per directives from UAE President His Highness Sheikh Khalifa Bin Zayed Al Nahyan and is supported by Abu Dhabi Crown Prince and Deputy Supreme Commander of UAE Armed Forces His Highness General Sheikh Mohammed Bin Zayed Al Nahyan. The prestigious event in the series will be followed-up by President's Adviser HH Sheikh Dr. Sultan Bin Khalifa Al Nahyan, Chairman of the Emirates Equestrian Federation. The 1 1/16 mile race for 4 yr olds and up Open will run for a purse of US$75,000 added. The President of the UAE Cup has been run at various American tracks in recent years, including at Keeneland two years ago and Churchill Downs last year. – Emirates News Agency, WAM Etihad Airways celebrates Manchester City title win            Etihad Airways has led the cheers of celebration for Manchester City as the club was crowned Barclays Premier League champions with victory over Queens Park Rangers at the Etihad Stadium in Manchester. It was the first time since 1968 that Manchester City has won the title in England's top tier of football and the first time the club has lifted the Barclays Premier League trophy.            James Hogan, Etihad Airways' President and Chief Executive Officer, said: "We congratulate everyone at Manchester City for their fantastic achievement this season and securing the Premier League title.            "Etihad Airways is immensely proud to be a close partner and friend of Manchester City and look forward to celebrating this famous moment with the management, staff and players at the club.            "It has been an incredible season at the club and to seal the title at home, at the Etihad Stadium, is very special for the loyal City fans that have waited a long time for this, as well as everyone at Etihad Airways and those in Abu Dhabi." The Etihad Airways logo has been on the Manchester City shirt since 2009 and the Abu Dhabi-based airline became naming sponsor of the club's Etihad Stadium and Campus in August 2011.            To celebrate the final day of the season and show their support of Manchester City, staff at Etihad Airways wore "sky blue" coloured attire at work on Sunday 13 May. – Emirates News Agency, WAM Â
           Osama Alamiri, a presenter for Abu Dhabi TV, was at Etihad Stadium on Sunday to see Man City snatch glorious victory from the jaws of defeat. And, he tells The National, there is a lot of prestige in being an Emirati in Manchester right now            After the game, an elderly lady approached and asked if I was from Abu Dhabi. When I said yes, she started hugging me.            "Please, give big hugs to Sheikh Mansour," she said.            She was there in 1968, when Manchester City last won the title. This time, she said, "is totally different. This is excellent, this is priceless".            It certainly was different. Five minutes before, everybody had been ready to cry. City were 2-1 down having come so close to achieving what they had failed to do for 44 years.            But when they scored the third goal the place went crazy. It was the most exciting moment in Premier League history and I was thinking, is it a football game or an action movie?            For a while there were a lot of people who didn't realise it had happened. I met people who said: "Please, wake me up."            There were many fans with shocked faces. They didn't know what to do, how to react. They had kept the faith, kept supporting the team all the time. Even when City conceded a goal they reacted very well. They are very good fans and they deserved to win the title.            When the game went into injury time I started to imagine how miserable it would be for City fans, how dramatic for Manchester United fans.            I was thinking about City ending the season with no trophy, and all the pressure that would come on manager Roberto Mancini.            I had totally different questions in mind as I got ready to go down to interview Mancini and the players after the game.            Then Edin Dzeko scored and the place was jumping. And when Sergio Aguero hit the winner people went crazy. Scoring such a goal in such a game with such pressure in the 94th minute was brilliant.            On the pitch, Mancini said he was very happy for the owners and fans. They had done everything they could to win the title and finally they were there, they were the champions. Vincent Kompany, the captain, said there were no words to explain the feeling of lifting the Premier League trophy.            Last month I interviewed Sheikh Mansour bin Zayed, the UAE Minister of Presidential Affairs and Manchester City's owner, and asked him if he would be happy with what the club had achieved, whether or not they won the title.            He said: "Even if they don't win the title, I'm very satisfied with all the efforts they've made and all their results. They have achieved all the targets we set from the beginning." Kompany heard about this, and said amid Sunday's celebrations: "It took all the pressure off us, because Sheikh Mansour was satisfied with what we had done."            All of the fans were talking about how important winning the title was for them, and when they learnt I was an Emirati from Abu Dhabi they started talking about Sheikh Mansour and what a person he was.            There was an Englishman wearing a kandura, ghutra and agal to show his appreciation. I went to the stand to fix the ghutra and agal properly for him. They showed it on the main screen in the stadium and everyone was cheering. After the game, fans were still celebrating as if the winning goal had just been scored. Someone would be walking along the road and out of nowhere he would jump up and shout: "Come on City!" – The National Â
Abu Dhabi is expecting an economic boost after Manchester City’s dramatic victory in the English Premier League on Sunday night.            The club, owned by Abu Dhabi ruling family member Sheikh Mansour bin Zayed Al Nahyan and sponsored by Etihad Airways could do great things for the UAE capital.            Abu Dhabi Tourism and Culture Authority, which is Manchester City’s “destination partnerâ€, said it was delighted with the huge publicity from the win.            “The destination exposure of our sponsorship is considerable,†it said in a statement, saying it will work to make sure that football fans “from clubs, leagues and countries all over the world†become aware of Abu Dhabi and encourage them to visit the emirate.            The team’s chief sponsor, Etihad Airways, couldn’t have scored better - not only having its name in large black letters on the winning shirts, but also seeing victory secured in City’s Etihad Stadium.            James Hogan, CEO of Etihad Airways said the airline was “immensely proud†and he looks forward to celebrating with the management, staff and players at the club. Hogan added that securing the win at the Etihad Stadium was “very special†for the fans, Etihad and everyone in Abu Dhabi.            The Etihad Airways logo has been on the Manchester City shirt since 2009 and it put its name on the stadium in 2011. The airline boosted its association even further by having staff wear Manchester City’s sky blue colours on match day. Over at the official Manchester City merchandise shop in the capital, The City Store, economic benefit from the win was immediate.            “We opened up the store after the game, lots of fans came in, we were doing very well,†said Iranian-born shop assistant, Aref, yesterday.            The staff had headed to the Blues’ fan club at Zayed Sports City on Sunday night where they watched the match on a giant screen.            “We are selling very well. Scarves and hats are the two best sellers,†Aref said. When 7DAYS was in the shop in Abu Dhabi Mall yesterday morning, every one of the 15 customers was Emirati, signalling that City have won over strong UAE support.            “I bought a jersey for my husband,†said Fatima, an Emirati woman who watched the game at home with her family.            “My sons are also big fans. Everyone started following them when Abu Dhabi bought the team. My husband is no longer with Manchester United,†she said, describing the victory as “wonderfulâ€.            Khalid Al Mansuri, an accounting student who was looking for a Man City top at the shop yesterday, said:            “Abu Dhabi is doing many projects to become an international city but, really, it is Man City that is putting it on the map.            “The city spends a lot to build our profile, but soccer is the language of the people. It will make the world sit up and watch.†– 7Days Â
Facebook and Twitter initiatives introduced, coinciding with UAE participation in International Expo in Yeosu, South Korea           The UAE is enhancing its campaign to host the 2020 World Expo in Dubai, including launching new social media initiatives to generate increased community involvement in the UAE’s bid to bring the Expo to the Middle East, Africa and Southeast Asia region for the first time in the event’s 160-year history.            Yesterday, the UAE launched an Expo 2020 Facebook page (www.facebook.com/DubaiExpo2020) and is inviting individuals from across the country and the globe to contribute to this dialogue about the UAE bid specifically and World Expos generally. As part of this conversation, the Expo 2020 Facebook page will be enriched on an ongoing basis with information, images and ideas that bring to life the theme of the UAE bid: “Connecting Minds, Creating the Future.†           An official Twitter account (@Dubaiexpo2020) has also been launched to support the online dialogue about World Expos and the UAE bid.            These new initiatives have been introduced to coincide with the start of the 2012 International Expo in Yeosu, South Korea, which kicked off on May 12 and concludes on August 12. The UAE is hosting a national pavilion and a range of special events during this three-month International Expo that is expected to attract up to 8 million visitors.            The UAE has also introduced a Chinese-language Sina Weibo account for the duration of Expo 2012. The launch of the UAE’s dedicated page on this popular micro-blogging site will encourage interaction among Chinese-language speakers, including the many who are expected to attend the event in Yeosu.            In addition to its presence at Expo 2012 in Yeosu – where the UAE was among the first countries to receive a license to build its own national pavilion – the country has hosted national pavilions at previous Expos in Hanover, Germany; Lisbon, Portugal; Seville, Spain; and, most recently, Shanghai, China.            The UAE’s bid to host the 2020 World Expo in Dubai was submitted in November 2011 under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. The bid is being led by the Higher Committee for Hosting the 2020 World Expo.            The UAE has proposed hosting the six-month Expo at Dubai Trade Centre-Jebel Ali, a 438-hectare site that has been designed as a specialised, highly connected environment that will serve as a permanent attraction, further contributing to Dubai’s appeal.            The winner among the five candidate cities – which include Ayutthaya (Thailand); Ekaterinburg (Russia); Izmir (Turkey); and Sao Paulo (Brazil) – will be announced in November 2013 following a vote by the 160 member nations of the Paris-based Bureau International des Expositions (BIE), the international organisation responsible for overseeing the calendar, bidding, selection and organisation of World Expos. – Emirates 24|7 Â
Chinese Pavilion Commissioner-General hails UAE's participation in 2012 Yeosu Expo            Yeosu - Zhao Zhen'ge, Commissioner-General of China's Pavilion at the 2012 Yeosu Expo has hailed UAE's participation in the Expo that reflects country's keenness in preserving environment and marine life.            After making a tour of the UAE's pavilion, Zhen'ge expressed his admiration for the effective arrangement and interesting scientific material displayed at the pavilion in addition to spelling out awareness message to maintain the cleanliness of the sea and beaches to help rescue marine organisms. The Chinese delegation was welcomed by Abdullah Al Aidarous, Deputy Commissioner General of UAE Pavilion and Eng. Waleed Al Zaabi, Director of Heritage and Arts Department at the Ministry of Culture, Youth '&' Community Development. – Emirates News Agency, WAM Â
           Manama - The leaders of the Gulf Cooperation Council (GCC) yesterday endorsed an agreement that will promote collective security among the six member states. Abdul Latif Al Zayani, the GCC secretary-general, said at a press conference in Riyadh following the 14th GCC Consultative summit that all the countries approved the accord and that the leaders have instructed their interior ministers to sign it.            The agreement stipulates full cooperation between member states and mutual responsibilities to preserve their collective security and stability.            It also highlights the need to promote common security arrangements to the highest standards to help combat transnational and organised crime. It also boosts full compliance with the law by all GCC citizens in the member states.            Earlier this month, Prince Nayef Bin Abdul Aziz Al Saud, the Saudi crown prince and interior minister, said that the GCC security agreement would help "preserve our achievements and stability and would ensure the collective security of our countries."            "Any threat or harm to any of the GCC states targets all of us," he told a meeting of GCC interior ministers. Initial agreement            The initial security agreement was announced in Manama in December 1994, but only Bahrain, Saudi Arabia and Oman endorsed it. Qatar followed in 2009.            The GCC leaders at their 2010 summit in Kuwait called for its upgrade by a committee from experts and specialists from the GCC states.            The support by the six member states on Monday is seen as an outstanding step forward in the Council’s history. Support to UAE            In his remarks at the consultative summit press conference, Prince Saud Al Faisal, the Saudi foreign minister, said that the GCC fully supported the UAE in its conflict with Iran over the occupied UAE islands and praised its "wise vision in solving the case peacefully." Prince Saud also blasted Tehran over its stance towards Bahrain and a likely union with Saudi Arabia.            "Iran has no right whatsoever to interfere in the talks and measures between Bahrain and Saudi Arabia, even if it is the union," he said. Earlier, Tehran said 190 lawmakers opposed the union between Manama and Riyadh, claiming such a move would destabilise the region.            However, Prince Saud rejected the allegations and said that the GCC did not mind Iran uniting with any country it liked and hoped that Tehran would respect the good neighbourhood relations with the GCC states.            The Saudi foreign minister said that the GCC leaders had postponed the announcement of a Gulf union to allow time for further studies and research that would ensure a smooth and clear transition that would not allow room for misinterpretation. – Gulf News Â
Key UAE laws by year-end            The UAE is expected to finalise an insolvency and bankruptcy law by the end of 2012, Minister of Justice Dr Hadif bin Jowan Al Dhahiri said at the Global Policy Conference in Dubai on Monday.            “It is in the final stages, but it has to get the approval of other government entities. We are still in discussions with the Ministry of Finance about the current draft,†Al Dhahiri told reporters on the sidelines of the conference.            He hopes that it would be ready by the end of this year.            Earlier, in his address to the two-day conference on financial restructuring and bankruptcy, the minister said there is a set of legislation that is on its way to the final approval and issuance through constitutional channels in the country.            “The departments and the relevant committees in the Ministry of Justice are currently examining a range of important bills, including a draft federal law on foreign investment, a draft federal law on small and medium enterprises, the draft federal law on arbitration in civil and commercial transactions, and the draft federal law on bankruptcy and restructuring,†he said.            Al Dhahiri also mentioned that amendments in some existing laws are also under discussion. He thanked the Dubai Economic Council, or DEC, for hosting the conference, stressing that the bankruptcy law is the most important commercial law.            “It will restore the rights of all parties. The Government of the UAE is keen to strengthen and enhance the regulatory framework to sustain economic development,†he said. Earlier, DEC Secretary-General Hani Al Hamli said that a clear law is necessary to protect companies and investors in the UAE. It will help to improve the investment climate in the country, Al Hamli said.            He praised the strategic direction adopted by the UAE government in the presentation of new draft laws on the various activities of public and private sectors as a way of civilised and advanced step in the way of transparency and the rule of law in economic life.            Talking about the reality of financial restructuring and bankruptcy in the GCC countries, Hamli noted that the countries of the region still lack an effective legislation for financial restructuring and bankruptcy, which affected — along with other factors — on the attractiveness of the investment environment in the region, and therefore missed opportunities for growth. – Khaleej Times Â
Yahsat's second satellite Y1B reaches its final destination            Yahsat's second satellite Y1B has successfully arrived at its point of operations, 47.5 degrees east, roughly above the United Arab Emirates after its successful launch on April 24th (02.18am Abu Dhabi time). Y1B is stationed on a geo-stationary orbit and will work for no less than 15 years providing broadband satellite communication, Internet and corporate data transfer services to clients across the Middle East, Africa, and Southwest Asia.            "We are proud to announce the successful launch of our second satellite Y1B," said Tareq Abdel Raheem Al Hosani, CEO of Yahsat. "Y1B will offer affordable, uninterrupted and high-speed satellite broadband internet service for under-served communities across the region via our YahClick service. Now in its final position, controllers will spend the next several weeks testing every aspect of the satellite's functionality before its systems are activated for Y1B's duel commercial and civil missions."            The Y1B launched by a Proton-M launch vehicle with a Briz-M booster from the Baikonur Cosmodrome in Kazakhstan, is based on the Eurostar-3000 satellite platform and weighs more than six tonnes, and is also considered to be the biggest satellite ever built in Europe. – Emirates News Agency, WAM Â
           Abu Dhabi's burgeoning footprint in the northern English city of Manchester could soon stretch from the football pitch to the runway.            Abu Dhabi Investment Authority (Adia) is interested in acquiring a stake in Manchester Airports Group, which also owns three additional facilities in Bournemouth, Humberside and the East Midlands. It is understood an investment could pave the way for the acquisition of Stansted Airport in the south-east of the country. Manchester is not going to be an important international airport like a Heathrow or Charles de Gaulle - it's more likely to be seen as an avenue through which to invest in other airports in Europe," said Peter Morris, the chief economist of the Ascend aviation consultancy, based in the United Kingdom.            Manchester Airport said last month it was seeking to add a "quality airport" to the group while attracting new investment. The most likely target would be Stansted after the UK Competition Commission ruled it should be sold by its current owner, the British Airports Authority.            Abu Dhabi's rising profile in the city reached a fresh high on Saturday when Manchester City football club won the English Premier League title, the first time it has clinched the championship in 44 years, helped by the purchasing power provided by the club's owner, Sheikh Mansour bin Zayed. The city has also attracted investment from Etihad Airways, after which City's ground is named, and which is opening a contact centre that is expected to create about 160 jobs.            Earlier this month the UK's Sunday Times reported that Adia had teamed up with 3i Infrastructure to buy a 50 per cent stake in Manchester Airports Group.            The pair were said to be competing against rival bids from Australia's Industry Funds Management and Hong Kong's Cheung Kong Infrastructure Holdings.            Iain Scouller, an analyst at Oriel Securities in London, said the consortium of 3i Infrastructure and Adia would seek an annual return on investment of at least 12 per cent from Manchester Airports. "The intended return for the 3i Infrastructure fund is 12 per cent per annum and I guess they think Manchester Airports will provide that return," he said. "Perhaps they also think going in with Manchester Airports is a better way of getting exposure to Stansted." – The National Â
           Majestic Wings, a private jet charter services company based in Dubai, has signed an agreement with Dubai World Central (DWC) to establish a fixed-base operators facility within the project's Aviation District.            The company, which provides VIP air transportation, executive handling, charter and land services for business aircraft, is owned by Sheikh Hamad bin Tahnoon Al Nahyan and Sheikh Khalifa bin Hamad Al Nahyan.            It will occupy a 7,360 square metre plot on one of the most premium locations in the district, within walking distance of the newly announced permanent venue of the Dubai Airshow, from next year.            As well as a class "A" hanger, the site will have a dedicated apron measuring 4,738 sq metres in front of the hangar facility, providing space for several aircraft and ensuring easy access for clients. The company hopes to move in within 12 months.            "Majestic Wings' movement to the facility at DWC is in line with our strategic growth plans to position the company among leading global players in the general aviation industry," Sheikh Hamad said. "The landside and airside integration is in sync with facilitating our general aviation business." "The addition of Majestic Wings to Dubai World Central's aviation district is a positive step towards bolstering DWC's long-term strategy and the aviation industry in general," said Khalifa Al Zaffin, the executive chairman of the Dubai Aviation City Corporation.            Under the agreement, Majestic Wings will build its own facilities to offer a full range of fixed-base operator (FBO) services with a focus on business jets. The company's two Gulfstream G200 aircraft will be based there and be available for sub-lease to corporate clients, freight transport and special large-group flights.            DWC is a strategic initiative of the Government of Dubai to promote the emirate as a leading international trade centre.            Describing itself as, "the Middle East's first aerotropolis", it occupies an area of 140 sq kilometres close to the Jebel Ali container terminal, and includes specialised free zones focused on logistics and aviation industries, and the new Al Maktoum International Airport. Once the airport is completed it will handle up to 120 million passengers and 12 million tonnes of air cargo per year, making it the world's largest airport.            The Aviation District, spread over 6.7 sq km within DWC, is designed as a one-stop centre for all aviation-related operations, including regional headquarters, FBOs, maintenance repair and operations, aviation support services, design and consultancy, research and development, aviation training, products and parts distribution, light manufacturing units and high-technology industries. "Majestic Wings' moving to DWC is among the first of many expansions in the aviation sector. DWC continues to energise the industry with opportunities for business growth," said Sheikh Ahmed bin Saeed Al Maktoum, the chairman of the Dubai Aviation City Corporation.            "DWC is positioned to meet the present and future needs of aviation, air transport, commercial and logistics businesses, being the world's first purpose-built aerotropolis.            "Dubai World Central will continue to play an important role in the long-term strategic growth plans of the emirate as we aim to establish Dubai as a premier hub for the aviation and logistics industries in the [Middle East, North Africa and south Asia] region and around the world," he said. – The National Â
RAK International Airport passenger numbers up by 59%            Ras Al Khaimah International Airport has continued to show significant growth in the first quarter of the year. Passenger numbers have grown by 58.5 per cent compared with the same period last year and all other indicators, such as aircraft movements, duty-free sales and cargo tonnage, have also increased. The Emirate continues to grow from strength to strength in both commercial and tourism sectors.            “We are delighted that growth is exceeding our own high expectations of 50 per cent,†said RAK International Airport Director Andrew Gower.            “There are many factors behind this growth, such as our attractive pricing structure, the introduction of our new ground handing operator, the development of new routes and of course the improvements tour service and in-terminal facilities,†he added.            “At the heart of our business strategy is the customer, operational excellence and product development. We continue to explore new opportunities and markets, using a ‘lean’ approach.†           “These are the essential ingredients for our success, and we will continue to listen to our markets and adapt to the changes of the ever-evolving aviation industry.†– The Gulf Today Â
Enec opens N-energy scholarship programme            Emirates Nuclear Energy Corporation (Enec) has announced the opening of the 2012 intake for the UAE Nuclear Energy Scholarship Programme.            Offering a total of 75 positions, the scholarships are part of Enec’s Energy Pioneers Programme which aims to attract and train the country’s most talented science students and experienced professionals, and provide them with an opportunity to become pioneers of the emerging nuclear energy sector.            The Energy Pioneers programme is critical in building a national skill base to staff the UAE’s nuclear energy industry, which will help power the future growth of the nation.            The Energy Pioneers 2012 will join more than 170 students currently sponsored under the UAE Nuclear Energy Scholarships Programme.            At the end of their study, scholarship students can join the Enec team and work towards delivering safe, clean efficient and reliable nuclear energy to the UAE. As a young dynamic and rapidly growing industry for the UAE, nuclear energy offers a wide range of career opportunities for the UAE’s best performing students.            “We are looking for the best and brightest, and those who make the cut can expect to be at the forefront of the development of a new industry as the UAE’s nuclear energy pioneers,†said Mohamed Al Hammadi, chief executive officer of Enec. – Emirates News Agency, WAM Â
           As part of the plan to increase the proportion of protected land to ten per cent in the emirate, Dubai Municipality will declare such land in Hatta and in Al Aweer by the end of this year, Mohammad Abdul Rahman Hassan, Head of Marine Environment and Wildlife Section in the municipality's Environment Department, told Gulf News.            "It is part of the strategic plan that by 2014 we attain the target of ten per cent. Each area that is declared as protected has to satisfy some requirements and we want to maintain diversity in ecosystems for flora and fauna in these areas. The protected land in Hatta, to be located near the Wadi, and land in Al Aweer will be declared by the end of this year. By the end of 2014, protected land in Al Mamoor will also be declared," he said.            Currently, around 7.3 per cent of land in Dubai is protected. The emirate has protected land in Ras Al Khor and Jebel Ali.            Hassan said the civic body was taking steps to generate awareness of the protection of migratory birds.            "It is the sixth year in a row that we are celebrating World Migratory Bird Day. We want to involve people, especially the younger generation, and highlight the important of migratory birds, the relationship we have with them and how we can keep the tradition of conserving them," he said.            The theme for this year's World Migratory Bird Day was ‘Migratory birds and people' with the municipality organising seminars, exhibitions and competitions.            "When the migratory birds take their daring journey, they face numerous problems like power lines, diseases, climatic changes, food, etc. Humans also pose a threat to their existence and we should ensure that we protect these birds," added Hassan.            Humaid Obaid Al Humaidi, managing director of the Dubai Falcon Hospital, said the hospital provided medical care to around 2,000 falcons every year. "Currently we can accommodate 100 sick falcons in our facility. The hospital, which is free for all falconers in the UAE, also provides medical assistance during hunting parties in Asia with its dedicated staff," he said. – Gulf News Â
Golf club gets award for its green attitude            Saadiyat Beach Golf Club has been rated above par by an environmental organisation for encouraging wildlife to the area. The course on Saadiyat Island in Abu Dhabi was awarded certification from US based Audubon International after showing evidence that it was carrying out activities to protect and encourage natural wildlife and habitation. The Club’s director of agronomy, Marcus Hartup, said: “Over the past two years we have seen an increase in migrating birds as well as a noted increase in gazelle activity.†Audubon International is not-for-profit organisation which was formed in 1987 to provide education on environmental issues. – 7Days Â
Effort by 150 volunteers renders Dubai’s last natural beach algae and litter-free            The second phase of a campaign series to raise environmental awareness in the Middle East has seen Dubai’s last remaining natural beach — a protected marine reserve — cleaned of litter and algae pollution.            Siemens, Volkswagen and Rotana have been working together on a series of events that will help to educate the public, raising awareness of the need to protect the Middle East’s varied habitats and the wildlife that depends on them.            Having collected and recycled 1,000kg of litter from the desert in March, this latest effort — “Clean the Beach†— saw more than 150 volunteers take to Emirates Marine Environmental Group’s marine reserve to collect rubbish from the beach and clear lagoons polluted by algae. The litter will be recycled by EMEG.            An important nesting area for turtles, the beach is home to a wide variety of marine and land-based wildlife, and is managed by EMEG to protect endangered species and conserve the fragile ecosystem for future generations.            “We couldn’t have hoped for a better day,†said Stefan Mecha, managing director of Volkswagen Middle East. “Our teams of volunteers have done a remarkable job, and it’s extremely encouraging to see this level of enthusiasm for environmental responsibility.            “‘Clean the Beach,’ like ‘Clean the Desert,’ forms part of our ‘Think Blue’ campaign, which encourages people to take small initiatives in everyday life to reduce the impact of their lives on the environment.†           Commenting on the event Erich Kaeser, CEO of Siemens in the Middle East said, “A clean environment isn’t something we can take for granted, which is why it is important for responsible companies and individuals to come together and actively work towards greater environmental awareness.†           Thomas Tapken, area vice-president, Rotana Dubai & Northern Emirates, said, “We’re extremely heartened to see the enthusiasm for ‘Clean the Beach,’ and we’re confident that it will have far-reaching consequences.’†           Major Ali Saqar Al Suwaidi, president of EMEG, commented: “This is a great way to involve companies in the environment, and it is good because it raises awareness among their employees which is so important for the care of the UAE’s wildlife.†– The Gulf Today Â
‘5,000 Emirati rugby players’            In an effort to have more Emiratis take up the sport, the UAE Rugby Association has entered into a partnership with the Vocational Education Development Centre (VEDC), an accredited Centre by the Ministry of Education and governed by Abu Dhabi Vocational Education and Training Institute (ADVETI).            As part of the partnership, the UAE Rugby Association and VEDC will share the responsibility of educating and training Emiratis studying at the Centre, in the game of rugby, and also provide career opportunities to assist these students to become productive members of the community.            VEDC will also be home to the first UAE Rugby Regional Development Centre. The facility will provide Emiratis enrolled in the various vocational programmes, access to high quality coaching and competitive programmes.            The UAE Rugby Association hopes to have 5,000 Emirati players playing the game by 2016. “This is a landmark partnership which we have signed between the UAE Rugby Association and VEDC. We were formed in 2009 and in 2010, we were operational. Currently, we have five full-time coaching staff to foster the sport in the UAE. “We have also appointed a development officer for the Abu Dhabi region. One of the points in our agenda is to increase the number of stakeholders and today is a great example of that,†Ian Bremner, Chief Executive of the UAE Rugby Association, said on Monday.            Tom Hatfield, who has coached a girls team in the USA, and who has also had coaching stints in Kenya and Uganda, has been appointed as the Rugby Development Manager for Abu Dhabi.            “Today signifies VEDC joining the global sport of rugby. Their organisation is joining an Olympic sport. Our mission is to grow the game in the UAE. By 2016, we hope to have 5,000 Emirati players. Growing the game among Emiratis is our top priority,†he added.            The UAE Rugby Association was recently nominated by the General Authority of Youth and Sports Welfare as one of four strategic governing body leaders and a member of the UAE Olympic Committee.            The UAE Rugby Association will closely work with VEDC’s Physical Education Department to develop the existing rugby programme to fast track young players.            “This partnership is integral to the development of Emiratis into the game of rugby and will also create sustainable futures for young Emirati men in sport and their careers,†Mohammad Abdulrahman Falaknaz, Chairman of the UAE Rugby Association, said.            “We are also pleased to welcome Tom Hatfield to the UAE Rugby team. His appointment signifies our commitment to the development of the game in every Emirate. We will be making a similar appointment soon for Al Ain,†Falaknaz added.            “VEDC and ADVETI see this partnership as an important long term strategy in our aim to provide our students with the right pathways of personal and career growth†said James Roberts, Principal of VEDC.            “As future integral members of the Emirati community, the values that can we learnt through rugby will benefit our education programmes and our students considerably,†he added. – Khaleej Times UAE Pavilion at Expo Yeosu 2012 opened            Yeosu, S. Korea - UAE Ambassador to South Korea Abdullah Khalfan Matar Al Romaithi officially opened the national pavilion of the United Arab Emirates at the 2012 Yeosu Expo. Well before the opening ceremony, thousands of Korean visitors were seen queuing up in a long line outside the innovative facade of the UAE pavilion.            The edifice, themed around oceans and coasts, and complete with its graphic 'time-line' illustrating key stages in the UAE's development is organised by the National Media Council of UAE.            In his opening address, Ambassador Al Romaithi conveyed to the people and government of S. Korea, greetings from UAE President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Their Highnesses the Supreme Council Members and Rulers of emirates, the people and the government of the UAE.            The Ambassador said that UAE looks forward to sharing with the with the people of Korea and the wider region, together with visitors from all the participating countries, the wonders of the United Arab Emirates, particularly those related to its coastline and surrounding seas during the 2012 Yeosu Expo period.            Visitors gave a spontaneous applause to UAE envoy when he said:" We are a young country, in only our 41st year, and, as the façade of our building illustrates, we can look back on many great achievements. At the establishment of the federation in 1971, the Emirates were poorly developed with few roads, schools, hospitals or modern facilities of any kind. Oil revenues, though, were just beginning to flow and, thanks to the wisdom and leadership of our founding father and first president, Late Sheikh Zayed bin Sultan Al Nahyan, the income was invested in building a modern infrastructure capable of supporting all aspects of social development.            We continue to be blessed by wise leadership, from our President, HH Sheikh Khalifa bin Zayed Al Nahyan, our Vice President and Prime Minister, HH Sheikh Mohammed bin Rashed Al Maktoum, and our Cabinet. In this regard, I should like to pay special tribute to the UAE's Minister of Foreign Affairs, HH Sheikh Abdullah bin Zayed Al Nahyan, who is a frequent visitor to Korea, and is also Chairman of the UAE National Media Council which is responsible for this pavilion's design, construction and operations.", he said.            "We are also pleased to congratulate B.I.E. for guiding the EXPO movement and supporting this event. I hope that we will have the opportunity to welcome all the countries of the world to take part in EXPO 2020 if our current bid to host that in Dubai is successful," he added. The following is the full text of the inaugural speech delivered by Ambassador Abdullah Khalfan Matar Al Romaithi:.            It is my honour and privilege to welcome you to the opening of the UAE Pavilion at EXPO 2012 Yeosu. We are very pleased that we have this opportunity to share with the people of Korea and the wider region, together with visitors from all the participating countries, the wonders of the United Arab Emirates, particularly those related to our coastline and surrounding seas.            We are a young country, in only our 41st year, and, as the facade of our building illustrates, we can look back on many great achievements. At the establishment of the federation in 1971, the Emirates were poorly developed with few roads, schools, hospitals or modern facilities of any kind. Oil revenues, though, were just beginning to flow and, thanks to the wisdom and leadership of our founding father and first president, Sheikh Zayed bin Sultan Al Nahyan, the income was invested in building a modern infrastructure capable of supporting all aspects of social development. We continue to be blessed by wise leadership, from our President, HH Sheikh Khalifa bin Zayed Al Nahyan, our Vice President and Prime Minister, HH Sheikh Mohammed bin Rashed Al Maktoum, and our Council of Ministers. In this regard, I should like to pay special tribute to the UAE's Minister of Foreign Affairs, HH Sheikh Abdullah bin Zayed Al Nahyan, who is a frequent visitor to Korea, and is also Chairman of the UAE National Media Council which is responsible for this pavilion's design, construction and operations.            The UAE is particularly happy to participate in EXPO 2012 for several reasons. Firstly, it is a chance to celebrate the close ties between the UAE and Korea in so many different fields from education and training to trade, construction, technology, and, of course, the whole field of energy production, including both hydrocarbons and the development of nuclear power. As each year passes, the links between Korea and the UAE grow stronger and we treasure these relations in the true spirit of cooperation and mutual respect.            A second reason for our special interest in EXPO 2012 is that it is a chance for us to participate in this global platform that is focussing on the four-fifths of our planet on which we really do depend for our survival. Not only do the world's oceans provide food and minerals but they also play a crucial role in carbon absorption and climate regulation. In addition to entertaining our visitors and informing them in a general way about the UAE, we also want to engage their attention on some more serious issues that we face. We have tried hard to reflect the theme, that of 'Living Ocean and Coast'. This is because we believe it to be of very great importance, not just to the UAE, but to the whole world. Emiratis understand this very well - perhaps more than many others.            The sea is in our blood. Our forefathers were sailors, fishermen, traders and pearl-divers. For many centuries, perhaps thousands of years, the annual cycle of life was punctuated by the departure on sailing dhows to the pearling-banks and, three months later, by the safe arrival back home of the divers and their precious harvest of natural pearls. We have been careful to preserve many of the skills and customs associated with our maritime heritage whilst also developing a modern marine infrastructure.            So how do we tell this story in an engaging and informative manner that will appeal to our visitors, young and old? There are a few surprises ahead! First of all the exhibition is punctuated throughout by the various stages in the life of one of the oldest creatures on our planet, the marine turtle. You will be introduced to it in the timeline on the facade, you can learn about it at the 'Did You Know?' presentation as we enter; you can feel and hear about it at the 'Blind Path', or play with it in Augmented Reality in the Sea Mail; or explore the turtle's world in the Infopod films; meet biologists studying turtles in the Reflections film and finally be moved and inspired by 'Pearl', one of the first turtles to be 'born' in the UAE, in the main film.            The choice of this marine sea creature as a 'character' guiding us through the UAE Pavilion was inspired by the fact that turtles coming back to UAE beaches in 2012 quite possibly include hatchlings that first made their way down to the sea in 1971. Their lifecycle thus parallels that of the United Arab Emirates and, just as there have been great changes in the sea and coast over the past 40 years, so there have been even greater changes to the land of the United Arab Emirates.            I am pleased to convey the good wishes of our President, Vice-President and Government to the organisers of EXPO 2012 Yeosu, Korea, which we are sure will be a great success. We are also pleased to congratulate B.I.E. for guiding the EXPO movement and supporting this event. I hope that we will have the opportunity to welcome all the countries of the world to take part in EXPO 2020 if our current bid to host that in Dubai is successful.            Before closing I would like to congratulate the National Media Council's EXPO Team for once again putting together a highly effective, informative, moving and inspiring display on the UAE. I hope that many Emiratis will have the chance to come here to Yeosu and see it all for themselves. I will not say more since I would like you to discover for yourself the many marine wonders of the UAE. Welcome, Ahlan Wa Sahlan !. – Emirates News Agency, WAM Â
Zayed Future Energy Prize introduces world leaders in education, politics and business to global high schools category            The Zayed Future Energy Prize, managed by Masdar - Abu Dhabi's multifaceted renewable energy company - hosted the Transforming Education Summit gala dinner, introducing guests to the vision, mission and categories of the Zayed Future Energy Prize with an emphasis on the newly launched Global High Schools Prize.            Organised by The Abu Dhabi Education Council (ADEC) in a bid to address the need for holistic change in education systems across the world, and Under the patronage of His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and chairman of ADEC, the summit addresses the need to deliver relevant education in a rapidly changing global society as international government, business, academic and civil society leaders share lessons from their home countries.            Dr Sultan Ahmed Al Jaber, Director General of the Zayed Future Energy Prize said: "Through demonstrating the practicality of living sustainability to high school students, transforming the way our youth is educated is at the heart of what we do with the Global High Schools Prize. The sustainability of our future is what, I believe, brings us all together and this is a category that will help us reach out to those who drive it." "The UAE leadership has placed a great emphasis on the importance of investing in human capital for our future prosperity. Through the collaboration between the Abu Dhabi Education Council and the Zayed Future Energy Prize, we are collectively leveraging on our respective strengths for the benefit of realising the vision of our wise and forward thinking leadership," he added.            Dr Nawal Al-Hosany, Director of the Zayed Future Energy Prize, welcomed the guests of the Gala Dinner with an introduction on the Prize, emphasising that the Global High Schools category was a natural evolution to "ensure that we are encouraging and empowering not only the future of energy but the future." In her remarks, Dr Al-Hosany also emphasised that the new category "was incepted to provide our future generations with an understanding of the positive implications of living sustainably." Since 2008, through the Zayed Future Energy Prize, the United Arab Emirates has been honouring those who have placed a tangible and evident effort in globally advancing renewable energy and sustainable technologies. Each year, an individual, organisation or a nongovernmental agency is recognised for groundbreaking achievement in developing and deploying solutions to our future energy needs.            In 2012, the Zayed Future Energy Prize announced a new category, the Global High Schools Prize, to be awarded for the first time during the Prize's 5th annual Awards Ceremony in Abu Dhabi, UAE in January 2013.            The categories of the Prize include Large Corporation (a non-monetary award), SME (US$1.5m), NGO (US$1.5m), Lifetime Achievement Award (US$500,000) and the newly launched Global High Schools Prize (US$100,000 divided amongst 5 regions - Americas, Europe, Asia, Africa and Oceania).            The first four categories are awarded based on a clear demonstration of Impact, Leadership, Long-Term Vision and Innovation.            For the Global High Schools prize, however, high schools from around the world are asked to submit a business plan for how they plan on utilising the prize for the purpose of raising awareness on the importance of sustainability and improving the school's environmental footprint.            Dr Al-Hosany explained: "Unlike any of our other categories - the High School Prize is about a promise - we ask Schools around the world to submit projects for funding consideration." The Global High Schools Prize will award up to US$100,000 to each of the five High Schools selected from different regions (Americas, Africa, Europe, Asia and Oceania).            The Global High Schools Prize is also a UAE commitment to the UN Secretary General's Year of Sustainable Energy for All, which was launched from Abu Dhabi on January 16th, 2012 on the opening day of the World Future Energy Summit.            Guests of the Gala dinner were also introduced to a 360 images of the Masdar Institute of Science and Technology, the world's first graduate-level university dedicated to providing real-world solutions to issues of sustainability. The Institute's goal is to become a world-class research-driven graduate-level university, focusing on advanced energy and sustainable technologies. Submissions for all categories of the Zayed Future Energy Prize close on July 16,2012. – Emirates News Agency, WAM Â
UAE hosts highest number of International Branch Campuses worldwide            A report released by the Observatory's Global Forum 2012 showed that the UAE hosts the highest number of International Branch Campuses (IBCs) of universities worldwide. The report also showed that the country's 37 IBCs make up a world share of 19per cent.            The Forum held in Kuala Lumpur, Malaysia, from 24-26 April, built its discussion around its report titled 'International Branch Campuses: Data and Developments' released in January 2012. The event featured plenary presentations, seminars and panel discussions on the practicalities of establishing and operating IBCs.            The challenges and opportunities of managing International Branch Campus (IBCs) were highlighted at the Forum 2012 by Dubai International Academic City, a member of TECOM Investments' Education Cluster that hosts 27 international universities.            The Observatory is a global strategic services organisation that conducts high-level research and disseminates emerging trends, best practices, policy frameworks, assessment and quality assurance information relevant to the delivery of cross-border higher education programme across the globe. – Emirates News Agency, WAM Â
           UAE University, the country’s first national university, has improved its standing among the world’s top 500 universities, a new report shows.            The UAEU, which has nine faculties and 12,500 students enrolled in the fall 2011/2012 programme, has improved its global ranking from 378 last year to 338 this year in the QS Top 500 Universities listing this year.            A research-based university, UAEU provides research solutions to support the UAE and, through its global partners, the wider world.            The QS World University Rankings currently considers over 2,000 and evaluates over 700 universities in the world, ranking the top 500.            Compiled by the QS Intelligence Unit, the ranking applies six broad indicators with different weightages to arrive at a composite score. These include academic reputation (40 per cent), employer reputation (10%), citations per faculty (20%), faculty student ratio (20%), proportion of international students (5%) and proportion of international faculty (5%).            In addition, rankings in five broad faculty areas are produced: Arts & Humanities, Engineering & Technology, Life Sciences & Medicine, Natural Sciences and Social Sciences & Management.            The Abu Dhabi-based university scores a perfect 100 on the ‘International Faculty’ parameter, landing it the top rank within that parameter. It also scores highly on ‘International Students’ parameter (90.3), earning it 67th spot among 500 global universities on that indicator. – Emirates 24|7 Â
Sharjah Ruler inaugurates phase1 of Kalba Eco-tourism Project            H. H. Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council member and ruler of Sharjah on Friday released 18 gazelles of the endangered species known as "Damani" in the Al Hafiya natural reserve in Kalba.            His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah released on Friday 18 gazelles of the endangered species known as "Damani" in the Al Hafiya natural reserve in Kalba.            The gazelles release marks the inauguration of the first phase of the "Kalba Eco-tourism Project" undertaken by the Sharjah Investment and Development Authority (Shurooq) in collaboration with the Environment and Protected Areas Authority (EPAA) in Sharjah and the International Conservation Services. .            Sheikh Sultan also attended the release of a number of predatory birds in Al Ghail Fort, affiliated to the Kalba Eco-tourism Project, during which 21 falcon species were released. The falcon species included Al-Hur, Shaheen, Al Wakri, Hawk falcon, and Eagle owl, one of the largest of its kind in the world inhabiting deserts and wooded areas.            The launch ceremony was attended by CEO of Shurooq Marwan bin Jassim Al Sarkal, Director General of the Sharjah Environment and Protected Areas Authority (EPAA) Hana Saif Al Suwaidi, chairman of Kalba Municipal Council Abdullah Saif Al Yamahi and others. Al Sarkal praised H.H Dr. Sheikh Sultan's efforts to preserve the environment. H.H Sheikh Sultan gives this issue great deal attention in order to achieve a balance between environmental protection and the requirements of comprehensive development, which eventually aim to ensure a better life for those generations to come.            He said the implementation of the Kalba Eco-tourism Project comes in line with Shurooq's social responsibility efforts and its strong belief in the preservation of environmental heritage and development of Eco-tourism Project to serve the nation and citizens, which will have great impact in the future.            Al Sarkal stressed the need for establishments and individuals to be fully aware of their social responsibility to preserve environment and the natural eco-diversity as well as to reduce environmental pollution and conserve natural resources.            He said that Kalba Eco-tourism project will not only contribute to protecting these areas for future generations, but also to making them sustainable and promising areas for economic growth and the creation of job opportunities.            The second phase of the project will involve the development of Kalba Creek and the construction of a commercial complex featuring shops and restaurants overlooking the creek. It will include the development of recreational spaces that will enable holidaymakers to enjoy the area's natural biodiversity without causing harm or negatively affecting its wildlife.            Phase 2 of the project will also comprise the development of a number of islands in the creek, as well as rehabilitation to revive their natural marine and bird life.            Regarding the third phase, Al Sarkal stated, "Phase 3 has been designated for the tourism part of the project, which will see the setting up of a number of hotels and fantastically designed chalets overlooking the Gulf of Oman." He added that more than 300 rooms spanning hotels and chalets would be built in line with eco-friendly standards.            He added that the Kalba project will be widely welcomed by lovers of Eco-tourism from all over the world, because it will feature many facilities and diverse amenities and activities that will make it an incomparable tourist destination in the world. The project will include a dedicated art building, a centre for diving and marine hobbies, as well as offering trips to explore Khor Kalba and the mangroves.            Al Sarkal pointed out that the development of such a project stems from Shurooq's environmental awareness and commitment to preserving natural environment and wild life and biodiversity, which must by everyone's responsibility. He added that Shurooq aims through this project to preserve all the Emirate's environmental components and safeguard the achievements made under the leadership of His Highness the Ruler of Sharjah.            The Kalba Eco-tourism Project, which is being implemented under the supervision of Shurooq is the largest of its kind in the development eco-tourism facilities in the UAE and the region, will be set up in the heart of Kalba, 15 km south of Fujairah city on the UAE-Oman borders. – Emirates News Agency, WAM Â
SCAD: Inflation at 1.1 percent over the first 4 months of 2012 Y-o-Y            Statistics Centre - Abu Dhabi (SCAD) issued yesterday its monthly report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for the month of April 2012 and the first four months of 2012. The report analyses the CPI calculations for the periods under review, with the year 2007 fixed as the base year. It also details CPI results by welfare levels and types of households.            As SCAD's report finds, the average y-o-y rise in consumer prices for the first four months of 2012 was 1.1 percent. The "Food and non-alcoholic beverages" group accounted for 73.9 per cent of the rise in the index, due to increases in the prices of most of the subgroups included in this group. The highest price increases were in the "Meat" subgroup which advanced by 11.5 per cent, followed by "Fish and seafood" (up 13.8 per cent), "Coffee, tea and cocoa" (9.9 per cent), "Oils and fats" (6.6 per cent) and "Bread and cereals" (3.2 per cent).            The next largest contributor to the overall increase in the CPI over the first four months of 2012 was the "Restaurants and hotels" group, which accounted for 38.7 per cent of the increase in the CPI as the prices of the group climbed 12.2 percent.            The main group that slowed down the rise in consumer prices during the first four months of 2012 compared with the same period of 2011 was "Housing, water, electricity, gas and other fuels" which contributed a negative 30.7 per cent of the overall change in the CPI index, with the average prices of the group falling by 0.9 per cent during the aforesaid period.            According to SCAD's report, average consumer prices advanced 1.8 percent in April 2012 compared with April 2011. The largest individual increase was recorded in the "Restaurants and hotels" group which rose by 18.9 percent, followed by "Alcoholic beverages and tobacco" (up 9.5 percent) and "Food and non-alcoholic beverages" (up 6.2 percent). On the other hand, April prices for the "Housing, water, electricity, gas and other fuels" group retreated 1.3 percent y-o-y.            Compared with March 2012, average consumer prices increased by 0.2 per cent in April 2012, with "Restaurants and hotels" recording the largest individual rise (4.9 percent) during the said comparison period.            The report further detailed CPI data by welfare levels, revealing an increase of 1.3 percent in consumer price for households of the bottom and middle welfare quintiles during the first four months of 2012 compared with the same period in 2011. The corresponding rise for other welfare levels was 0.9 per cent for households of the top quintile and 1.5 per cent for the lower middle welfare quintile.            A comparison of price levels in April 2012 with April 2011 indicates that consumer prices grew by 2.2 per cent for households in the bottom welfare quintile, while prices increased by 1.7 per cent for households of the top welfare level and by 2.0 per cent for households of the middle welfare quintile.            A breakdown of consumer prices in April 2012 compared with March 2012 indicates an increase 0.5 percent in price levels for households in the bottom welfare quintile. The corresponding rise was 0.3 per cent for households in the top welfare level and 0.1 per cent for households of the middle welfare level.            SCAD's report also detailed the CPI changes by household type, indicating a rise of 1.3 percent in consumer prices for national (citizen) and shared households during the first four months of 2012, which also saw prices edge up 0.8 percent for non-national households.            Consumer prices for national households increased by 2.0 per cent in April 2012 compared with April 2011, while for non-national households and shared households prices increased by 1.5 per cent and 2.6 percent, respectively.            Lastly, consumer prices increased for national households by 0.1 percent in April compared with March 2012, the corresponding rise being 0.3 percent for non-national households and 0.9 percent for shared households.            In preparing its monthly CPI reports, Statistics Centre - Abu Dhabi follows the methodologies adopted internationally in this field, using a broad and highly representative basket of goods and service, to ensure accuracy in the calculation of the index, which is the sole officially authorised source for monitoring changes in prices and inflation in the Emirate of Abu Dhabi.            SCAD has recently developed the computing of the CPI so that it is compiled according to households' types and levels of welfare. As for the welfare level approach, the population is divided into five segments (quintiles) representing five levels of welfare, based on average per capita annual expenditure. Each quintile reflects the consumption pattern represented by that quintile. In regard to the household type approach, the population is divided into three types of households as set out in the results of the Household Income and Expenditure Survey (2007-2008), namely, national, non-national and collective households.            To represent all regions of the Emirate, the selected sample of items included in the Consumer Price Index basket uses actual data from the 2007 household income and expenditure survey. The sample of outlets were selected in such a way as to represent points of purchase for a large base of consumers all over the Emirate of Abu Dhabi, taking into account the geographical distribution of sources within the emirate. – Emirates News Agency, WAM Â
NPCC eyes Dh5b in revenues            Abu Dhabi’s National Petroleum Construction Company, or NPCC, is eyeing Dh5 billion in revenues in the year against the Dh4.2 billion racked up in 2011, as the capital is unloading a pipeline of hydrocarbon projects valued at more than US$8 billion, its chief executive officer Aqeel Abdullah Al Madhi said.            “We’re expecting billions of dollars in value projects in the next 12 months in Abu Dhabi,†Al Madhi told reporters on the sidelines of NPCC’s annual HSE and Business Excellence ceremony, in which high-performing officials were awarded for their valuable services.            Most of these new projects will be offered to be built by Zadco and the Abu Dhabi Marine Operating Company, or Adma-Opco, which are planning to develop new oil production facilities at Upper Zakum and Umme Lulu, he said. “So, we are studying as how we can tackle a number of projects and how to strengthen our facilities and capacities in order to be able to get them.†           Zadco, which is building its platforms and other facilities at the newly-developed man-made islands, is expected to finalise the awarding of a tender very soon, known as EPC-1, estimated to have a value as high as US$1 billion.               EPC-2, which has an even bigger tender in value, will be awarded towards the end of the year, he said.            Adma-Opco is also in the process to launch several projects for the development of Umme Lulu and Sarb in several mega packages.            “There are Sarb 1, 2 and 3 projects along with Umme Lulu,†Al Madhi said. The petroleum construction firm — which is part of General Holding Corporation, the industrial arm of Abu Dhabi — is making inroads into Oman, where it is bidding for a storage tanks project, estimated to have a value of US$200 million.            Elsewhere in India, Al Madhi said the construction firm was completing and bidding for several smaller projects.            “There’s a huge pipeline of hydrocarbon projects in the next ten years,†the chief executive said. NPCC was facing tough competition, as preference was being given to local firms offering a bid of not lower than US$110 million, he said. The construction company’s board of directors has approved the construction of a jack-up barge at NPCC’s facilities in Mussaffah valued at US$110 million, a replica of the one already built this year.            The company’s barge is capable of lifting a single structure weighing over 2,600 metric tonnes and laying submarine pipelines up to 60 inches in diameter. NPCC already has 14 existing barges with two more to be added soon.            Ranked second among the top 25 EPC contractors in the Middle East oil and gas industry, NPCC is devising its five-year business plan, Al Madhi said. “We have set an ambitious expansion plan in terms of volume, growth, and geographical reach, scouting for opportunities in South East Asia, Caspian Sea and West Africa,†Al Madhi said at the ceremony.            “We are upgrading our capabilities through an investment of US$500 million. This covers upgrading offshore marine fleet, increasing yards’ capacity, augmenting equipment facilities and in addition expanding our engineering capabilities.†– Khaleej Times Â
UAE eyes US$100b industry            The medical tourism worldwide is set to become a US$100 billion industry this year and the UAE has potential to get considerable share of it because of excellent infrastructure, standard quality healthcare and competitive pricing, a senior official of RAK Hospital said.            The UAE is of the few countries in the world, which has identified medical tourism as a national industry with 14 hospitals are accredited by the Joint Commission International in the US, one of the world’s leading accreditation organisations.            “The emirate has some of the best hospitals in the world. Billions of dollars have been invested in the healthcare system, especially in Dubai and accredited clinics across the country to attract medical tourists from across the globe,†Raza Siddiqui, executive director, RAK Hospital, told Khaleej Times during an interview.            Siddiqui, who is also chief executive of Arabian Healthcare Group, said the UAE has better chance to become most favoured medical tourism destination with superlative healthcare facilities. He said India, which is considered the most ideal medical tourism destination, is eyeing to capture 20 per cent of US$100 billion industry.            “Dubai, being a central place for tourist and a connecting destination, we can aim to capture 10-15 per cent of India’s share of medical tourism. Also, people travelling from Africa or nearby countries have to change flights in Dubai to reach India, Thailand, Malaysia or Singapore, hence we can aim at these tourists,†he said.            Citing a report by Economic Intelligence Unit, he said overall healthcare spending in the region is expected to increase from an estimated US$8 billion in 2010 to almost double at US$16.8 billion in 2015, representing an annual average rise of 16 per cent.            “The UAE and Dubai in particular has taken lot of efforts to establish itself as a tourist destination. Today, the UAE attracts 30,000 to 40,000 tourists per day and it scores A++ as tourist destination that may pave way for medical tourism as well,†he said.            Elaborating his point of view, he said world’s leading medical tourism destinations such as Switzerland, London, Thailand have initially developed themselves as tourist destinations and then with best medical facilities these countries managed to attract medical tourists as well.            “With rapid infrastructure growth over the last 40 years and boasting of some of the best medical facilities available in the world, the UAE has become a magnet for medical tourism,†he said. Pricing no more an issue           Siddiqui said the pricing is no more an issue for patients as medical facilities in the UAE are competitive to developed states and developing countries.            “The UAE’s ability to compete on price is no longer a matter of concern. All treatments and procedures, be it cardiac, joint replacements, mastectomy, cosmetic surgeries, etc can be conducted in UAE at almost a similar price compared to India, Thailand and less than Singapore.†           He said the average cost of heart bypass surgery in the UAE amounts to US$15-18,000, which is comparable with an average cost of US$18,500 in Singapore, US$15,000 in Thailand, US$12-15,000 in India and US$10-12,000 in Malaysia.            “The need of the hour is to educate everyone on the options available and aggressively market its unique facilities on a global scale. For this, we require unified efforts, stricter regulation and effective marketing strategy to promote the country as a favourite destination to the outside world,†he said.            Dubai Healthcare City, a 435-acre state-of-the-art ‘centre of excellence’ for clinical and wellness services, is coincidentally the largest international medical centre located between Southeast Asia and Europe. Similarly, world-class hospitals such as Sheikh Khalifa Medical City in Abu Dhabi, RAK Hospital in Ras Al Khaimah and well-established healthcare facilities in other emirates are acting as catalysts to attract medical 
tourists from across the globe.            Siddiqui said Ras Al Khaimah’s strategic location makes it an ideal destination for tourists from the Middle East, Yemen, Oman, East and West Africa.            “We are marketing RAK Hospital in the African states and the CIS countries. We are talking to local embassies to meet the Ministry of Health, engaged with insurance companies, local hospitals and general practitioners. We have realised that Ras Al Khaimah has all the potential and credits to pull tourists from all over the world,†he said.            He said RAK Hospital also has international offices in 11 countries with focus on Ethiopia, Tanzania, Nigeria, Afghanistan, Pakistan, among others. “We have a plan to open office in Bahrain. In Afghanistan, we are planning to open diagnostic centre, which will look into primary health check and assessing patient’s requirement before travel,†he said. – Khaleej Times Â
           Dubai-based Emirates remained the dominant national carrier in the UAE as it controlled a fleet of 168 aircraft at the end of 2011, nearly 58 per cent of the total 286 planes owned by the country’s five national carriers.            Official data showed Emirates, Abu Dhabi-based Etihad, Air Arabia in Sharjah, RAK Airways and Flydubai boosted their combined fleet by 37 aircraft at the end of 2011 compared with their number at the end of 2010.            Emirates expanded its fleet by 15 jets from 153 planes at the end of 2010 while Etihad had 64 aircraft at the end of 2011 compared with 57 at the end of 2010, showed the figures by the National Civil Aviation Authority.            The figures published in the semi official daily Alittihad showed Air Arabia boosted its fleet to 29 from 23 jets while Flydubai’s fleet increased to 21 from 14 jets and that of RAK to four from two aircraft.            The report said it expected the national fleet to increase further by the end of this year as most local carriers have ordered more aircraft to meet a steady rise in operations. It said airports are also undergoing expansions to face growing demand, adding that investment in the UAE aviation sector could exceed Dh100 billion in the next five years. – Emirates 24|7 Â
Businesses in Dubai remain upbeat: DED            Businesses across Dubai confident of improved sales and activity and remain upbeat on growth and revenues with expectations riding high especially in the manufacturing sector. It is reflected in the quarterly business survey conducted by the Department of Economic Development (DED) during the first three months of 2012.            The composite Business Confidence Index (BCI) for Dubai according to the survey stood at 120.5 points in Q1 2012, indicating an optimistic outlook for the next quarter. BCI crossing 100 points is seen as indicative of a positive sentiment within the business community.            A majority of businesses in Dubai foresee sales increasing or remaining steady and plan to retain their employee count through to the second quarter. The survey also reveals an even brighter outlook among export-related businesses, rising confidence among small and medium enterprises (SMEs) and a stronger investment focus on upgrading technology.            Sami Al Qamzi, Director-General of DED, commented: “For a businessman or investor planning his next step, it is important to know what his peers think. Particularly in a competitive business hub like Dubai, where intelligent and informed decision-making can make a big difference, it is critical to understand that thought process and its key drivers.†           Al Qamzi added: “The Business Confidence Index of DED provides a reliable source of information on the trends and expectations ruling business and investment in Dubai. All categories and sectors of business are included in the quarterly surveys to make the index a comprehensive and authentic reference.†           Continuing the trends of the last few quarters, sales are forecast to increase in the next quarter too, driven by sales volumes. However, a few companies intend to raise their prices following the rise in the cost of raw materials across global markets.            Higher sales revenues are predicted by 50 per cent of the companies while 35 per cent see no change compared to Q1 2012. Profit expectations are also positive, with 44 per cent of the respondents expecting an increase in the next quarter.            The survey showed Manufacturing as the most optimistic sector, with positive outlook extending across all key parameters (sales volume, selling prices, profits, employees). The service sector is close behind while trading has a comparatively lower overall outlook. In addition, exporters in Dubai were seen to have a more positive outlook on sales performance, new purchases and profits compared to non-exporters.             Even though expectations are similar on sales volumes among SMEs and their larger counterparts, large businesses are more optimistic about profits for the coming quarter. Large businesses are also relatively more positive on the employment outlook.            On an overall basis, the outlook for employment continues to be stable with 74 per cent of businesses expecting no change in their head count in Q2 2012. However, manufacturing and service firms plan to increase their workforce in the coming quarter.            Positive expectations on sales volumes have also ensured that 45 per cent of businesses will step up their purchases, mainly to replenish stocks for the upcoming Dubai Summer Surprises (DSS) and Ramadan season.            Within Manufacturing, sales expectations are high for the metal fabrication, plastics and furniture segment. Meanwhile, in the services sector, such expectations are driven chiefly by professional services, transportation, information technology and telecommunications. Transportation and logistics companies seem to be buoyed by expectations of improved cargo movements during the Ramadan-DSS period.            Compared to the last quarter, the current survey shows a higher number of businesses planning to invest in technology upgrade. Key challenges cited by respondents include government fees and charges, insufficient demand, uncertainty on business regulations and high domestic or international competition, in that order.            DED conducts the quarterly surveys to measure the perceptions of the business community and capture the business outlook for the future. The survey serves as an effective tool for measuring the pulse of the business community and allowing the government and the private sector to track and analyse major trends and issues that have a bearing on business in Dubai.            A total of 500 companies in Dubai, including SMEs, were covered in the quarterly survey conducted between January and late March this year. The companies were asked to indicate if they anticipated an ‘increase,’ ‘decrease,’ or ‘no change’ in key indicators such as sales revenues, selling prices, volumes sold, profits and number of employees. – The Gulf Today Â
etisalat, E-Vision to launch multi-screen technology in the UAE           etisalat and E-Vision, the cable TV wing of the national telecommunication company, will soon launch multi-screen technology in the UAE, the E-Vision CEO said.            CEO of E-Vision Humaid Rashid Sahoo said that multi-screen technology, which features stereophonic playback, 3D effects, enhanced live interaction and multiple displays per computer to top the full potential of the hardware, will be launched in the UAE by the third quarter of this year.            Sahoo, speaking at a press conference on the launch of etisalat Rangoli Gulf Season 2 competition for Asian school children in the UAE, in which Etisalat is the lead sponsor, revealed this far-reaching technological advancement in telecommunication and digital technology. The UAE is the fourth country in the world and etisalat is the first in the region, to launch 3D technology and it will pioneer in launching the multi-screen technology in the country very soon, he said.            He also added that more than 80 per cent of Dubai’s telecom services have been now connected through fibre optics and service facilities have been redoubled inside the country. There are 1.1 million homes in the UAE are connected by E-Vision which offers 360 channels for a very affordable monthly fee. – The Gulf Today Â
Sport court to open in Abu Dhabi           A court to rule on sports cases according to international laws is one step closer to opening in Abu Dhabi.            The Abu Dhabi Centre of the Court of Arbitration for Sport (CAS) was officially launched yesterday.            It is to educate judges on international sports law, and hold seminars and other meetings between sports federations in the country to prepare them for the new court.            Mohammed Al Kamali, secretary general of the UAE National Olympic Committee, believes that the court will be up and running within six months.            Once it opens, cases involving disputes between clubs, or members and a club, will be sent to the CAS for a final verdict.            John Coates, president of the Swiss-based International Council of Arbitration for Sport, said the court's laws would soon be translated into Arabic.            Ibrahim Abdel Malik, general secretary of the general authority for sports and youth, said UAE courts see a lot of sports cases.            "Cases, which include contract breaches, and club disputes, are sometimes dealt with under the labour law, or other laws that are related to it," he said.            "But with this court, all cases will go to it." Abu Dhabi would be the first city in the world to host a CAS chamber outside Switzerland. – The National Â
           Skydive Dubai Rally Team’s Rashid Al Ketbi ended his campaign in the 55th Giru di Corsica-Tour de Corse, the fourth round of the 2012 Intercontinental Rally Challenge (IRC), in dominating fashion, climbing 14 places after finishing 36th overnight.            Before the round commenced on May 8, Al Ketbi has always fancied his chances on the tricky asphalt course of Corsica, but a flat tyre and issues with his braking system on the Sarrola-Plage de Liamone special stage three meant the Skydive driver had an uphill task before him.            However, despite a 1min 40s time penalty he incurred on stage three, Al Ketbi returned to the course with a vengeance with strong finishes on every subsequent stage.            The Emirati slowly but surely began catching up on his rivals ahead and by the end of stage 10 had climbed 12 places to finish at 24 overall.            Al Ketbi began the final day intent on improving up his times and possibly break into the top-20, a target he missed by whisker at the end of the gruelling rally which he eventually finished in a creditable overall 22.            “We have got the measure of the stages a bit now and are setting some competitive times,†Ketbi had said before beginning the final day yesterday morning.            Meanwhile, Spaniard Dani Sordo romped home to an emphatic victory at the wheel of his Mini John Cooper Works S2000. He drove in a measured pace through the final day to preserve his car and eventually beat Jan Kopecky, who had to be content with second place on the podium. Pierre Campana rounded off the top three. – Sport 360° Â
           Dubai Falcons Racing Team made history when they became the first all-Emirati driver line-up to win a karting endurance race in the UAE as they powered to victory in the Kartdrome 12 Hours, Round 2 of 2012 Kartdrome Endurance Championship Driven By MINI.            Captained by Sheikh Hasher Al Maktoum, including two of the country’s top young motor racing talents in Saeed Al Mehairi and Mohammed Al Mutawaa, the team had a race long battle with reigning champions Batelco – never more than a lap separating the two contenders, often swapping positions at the front.            With an hour to go Al Maktoum took over the Dubai Falcons kart, leading the race by a mere 12 seconds with Batelco’s Alban Verutti drafted in for the last stint.            What followed was a tension packed final hour as Verutti dug deep to try and reel in Al Maktoum, but the Dubai Falcons captain kept his cool in scorching conditions to take victory by a mere 5.687 seconds, completing 579 laps in the process.            Al Maktoum was clearly pleased with the achievement and commented afterwards, “I am very happy with this win. We have come close in the past but made small mistakes that cost us. But today we made no mistakes and stuck to a good pace which, in the end, was enough to win. Being an all Emirati driver line-up makes it extra special.†           Teammate Al Mutawaa was equally pleased, “It is very satisfying to win with such good drivers and all of us being UAE nationals is good for the sport. I am very happy to have been part of this victory.†           The third driver in the line-up, Al Mehairi echoed the sentiments, “We worked hard for this victory, it was tough conditions but we kept focused and made no mistakes which has led to this great win. It was a pleasure to race with such good drivers in our team.†           Behind them, Round 1 winners, Batelco had to settle for second place but will be satisfied that they gave a strong performance. Verutti was visibly crestfallen, but anyone who witnessed his gutsy pursuit of Al Maktoum in the final hour will know that the Bahraini team did not give up and kept pushing until the chequered flag dropped.            Third place went to CG Racing 1 who crossed the line to take, not only third overall, but also top honours in the Corporate category – they beat CG Racing 2 by 0.123 seconds as they crossed the line nose to tail after 12 grueling hours.            Timeless Events Racing have established themselves this season as one of the front running teams and fifth place was a deserved reward, after running the entire hours in amongst the pace setters.            Similarly UAE Arrow Racing Team and Al Ain Rockets, were always in contention for a podium finish, but had to settle for sixth and seventh respectively. TrackTalk MediaBoltz had one of their strongest showings on their way to eight, with Rotax Masters taking ninth and MBC Action rounding out the top ten. – Sport 360° New York's Times Square to vibrate with 'Abu Dhabi Experience'            New York's  Times Square - one of the world's busiest pedestrian streets through which around 1.6 million people pass daily - will next week come alive with an ‘Abu Dhabi Experience.'            Five key aspects of Abu Dhabi's culture, heritage and hospitality will be demonstrated through the experience, which will run from May 16-19, to mark the launch of the New York-based US office of Abu Dhabi Tourism '&' Culture Authority.            "Our aim is to take the taste, sound, sight, touch and scents of Abu Dhabi to one of the centres of New York's action," said Mubarak Al Nuaimi, International Promotions Manager, Abu Dhabi Tourism '&' Culture Authority.            The authority is erecting a 60 ft x 40 ft tent in Times Square with distinct, carefully curated areas ready to ‘transport' visitors to Abu Dhabi, which the USA's influential Travel '&' Leisure magazine recently described as: "fast developing into the hottest destination in the Middle East."            "In the ‘taste' area, which will look like a traditional majlis, visitors will get to sample our traditional coffee and dates and attendants will explain the hospitality culture found in the Emirati home and business," explained Al Nuaimi.            "In the ‘touch' area there will be falcons on display and visitors will be able to pose for photographs with them and their trainer and there will be a henna lady on hand to ‘paint' designs onto visitors' hands. The onsite photographer will upload photos of the visitors engaging with Abu Dhabi culture onto a designated micro site for the guests to download at home.  "This ‘touch' area will be richly adorned, draped in carpets, curtains and Arabian lanterns to give the feel of walking into an old time souk," added Al Nuaimi.            The ‘scent'  area will mimic a traditional perfume shop with ‘All The Perfumes of Arabia.' A mixologist will be on hand to explain the different scents and their origins and guests will take home samples of customised perfumes.            The Sight '&' Sound section will have a modern, artistic, chic look. Music from Abu Dhabi will be piped throughout the tent while a large LED screen covering one wall will show a video depicting the future of the emirate.            The experience will open on the evening of May 16th when media and trade guests will gather in Times Square for a launch event. Following the welcome formalities, various billboards around Times Square will black out to simultaneously come alive seconds later the with official Abu Dhabi destination video.            "We anticipate making quite an impression," said Al Nuaimi. "Abu Dhabi will certainly have its name up in lights in the US that evening.            "Five key tour operators in the US have also created new packages around Abu Dhabi which they intend to push out in conjunction with this launch campaign while Etihad Airways will also use the event to celebrate the fifth anniversary of their services out of New York City. In addition, for one month select NYC taxis will have Abu Dhabi branding and destination video playing on their screens. " Heightened air connectivity between the USA and Abu Dhabi is on the cards with Etihad Airways, the national airline of the United Arab Emirates, planning to launch daily, non-stop services between the US capital Washington D.C. and Abu Dhabi International Airport from March 31 next year. The airline currently operates daily, non-stop flights from JFK New York and Chicago to Abu Dhabi International.            In the first quarter of this year some 21,566 US nationals stayed in Abu Dhabi's hotels and hotel apartments ranking the country the emirate's fifth largest international source market.            Abu Dhabi Tourism '&' Culture Authority's US office is based in New York's prestigious Trump Tower on the Big Apple's Fifth Avenue. It is manned by staff devoted to trade and media relations as well as a dedicated MICE executive. – Emirates News Agency, WAM Â
Mohammed bin Rashid Honours Winners of Arab Journalism Awards 2012            Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum attended tonight the award-giving gala of the 11th Arab Journalism Awards staged at the conclusion of the two-day Arab Media Forum (AMF).            Sheikh Mohammed - in the presence of H.H. Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister and Chairman of National Media Council, and H.H.            Sheikh Mansour bin Mohammed bin Rashid Al Maktoum - presented the award for 2012 Media Personality of the Year' to Mohammed Al Sanousi of Kuwait. Lebanese media man Rafiq Khoury was also recognised for his constructive efforts in advancing Arab media.            Sheikh Mohammed also honoured Dr. Badrya Al Beshr of Saudi Arabia for bagging the ''Best Newspaper Column' award. Egypt's Laila Rostum received special recognition from Sheikh Mohammed. Ali Zalat and Mohammed Al Khouli of Al Masry Al Youm newspaper were awarded the ''Investigative Reporting' award. Omar Khalil Azabi of Dubai-based Arabic daily Emarat Al Youm received the ''Economic Journalism' award while Salah Salim of Egypt's Al Ahram won the ''Political Journalism'' award.            Ahmed Naji Ahmed from Egyptian paper Arts News and Abdullah Abdul Rahman from UAE's Dhafra magazine were awarded the ''Cultural Journalism'' award. Waleed Al Tayeb from Egypt's Onislam. net was presented with the ''Press Interview'' category.            The ''Sports Journalism'' award went to Ali Shadhan from Dubai-based Al Bayan Arabic daily.Ahmed Al Masry from Al Masry Al Youm won the ''The best Journalism Photo'' and Maher Rashawan from Kuwaitiya bagged the ''Best Caricature'' award.            Saeed Al Khatib from Qatar's Doha magazine and Mohammed Mahla from Awal magazine of Morocco received the ''Young Talent Journalism' award.            Sheikh Mohammed congratulated the winners, wishing them further creativity and dedication for elevating the Arab media landscape and professionals so as to keep abreast of the economic, cultural, political, social and sports advancement of the modern age.            ''With its open policy and its indigenous culture, our beloved State will always remain an oasis of freedom, justice, peaceful co-existence and a headline for human interaction with other nations of the world, Sheikh Mohammed said. – Emirates News Agency, WAM Â
Economy Minister addresses ESCWA's 27th session            Beirut - UAE's approach for comprehensive development has become an example for countries of the region and the world at large, says Economy Minister Sultan bin Saeed Al Mansouri.            Addressing the 27th Ministerial Session of the United Nations Economic and Social Commission for Western Asia (ESCWA) in Beirut yesterday, Al Mansouri, reviewed the UAE experience in development since the days of the late Sheikh Zayed bin Sultan Al Nahyan, saying priorities in building the nation were given to education, healthcare, empowering women, setting up a modern infrastructure and adopting an open and diversified economy to minimise dependence on oil which, back in 1971, contributed 90 percent of the Gross Domestic Product, and dropped in 2011 to 30 percent.            The opening session was attended by Lebanese Prime Minister Najib Mikati, senior Lebanese, regional and UN officials.            Al Mansouri said UAE's rapid, yet quantitative transformation could have not been realised without a clear vision, a forward-looking approach, flexible policies and ambitious plans to make it the world's best country by 2021. He called for setting up a regional centre for innovation, in collaboration with the ESCWA, to motivate the youth into joining the small and medium-sized enterprises.            Al Mansouri also highlighted the political, security and economic changes the region is currently witnessing. "There are lots of challenges that could hinder efforts to reach the required levels of comprehensive, balanced and sustainable development. It is therefore, important to look into the key issues, including respect for human rights, gender equality, freedoms, transparency, equal opportunities, justice and social accountability," he added. – Emirates News Agency, WAM Â
NAM opens in Egypt with UAE's participation, Declaration on Palestine expected            Sharm el-Sheikh - The 17th meeting of the foreign ministers of the Non Aligned Movement (NAM) opened in the Red-Sea resort of Sharam el-Sheikh with the participation of UAE along with 119 other member countries from around the globe.            Seventeen other countries and ten international organisations are also participating as observers in the group of states who consider themselves not aligned formally with or against any major power bloc.            UAE delegation to the meeting is headed by Assistant Foreign Minister for Political Affairs Dr. Tariq Ahmed Al Haidan. The delegation is consisted of Mohamed bin Nakhira Al Dhahiri UAE Ambassador in Cairo and the permanent representative to the Arab League, Dr. Saeed Mohammed Al Shamsi Assistant Foreign Minister for International Organisations Affairs, Ahmed Abdul Rahman Al-Jarman Permanent Representative of UAE to the United Nations, Khalifa Shaheen Al Marri Director of the Department of International Organisations, Mohammed Sultan Al Suwaidi Director of Arab Affairs and a number of officials at the Ministry of Foreign Affairs.            Global disarmament, international security, terrorism, dialogue between North and South , water issues, women affairs, unemployment, youth issues and democratic transitions in the Arab region are on the agenda.            A Declaration of Palestine will be issued after the meeting of the Special Committee on Palestine headed by Egyptian Foreign Minister Mohamed Kamel Amr. The final communiqué may also include global issues such as the international situation and issues of UN, security and international system reform. The regional political issues and conflicts such as the situation in Somalia, Syria, Iraq, some countries in Latin America and Afghanistan also will feature on the final declaration. Economic development, global financial situation, social and religious issues and human rights will also be featured. – Emirates News Agency, WAM Â
UAE Embassy in Washington celebrates the 36th anniversary of the unification of the UAE Armed Forces            Washington, D.C. - The Embassy of the United Arab Emirates in Washington, D.C., held a reception yesterday to celebrate the 36th anniversary of the unification of the Armed Forces of the UAE.            Yousef Al Otaiba, UAE's ambassador to the United Sates, welcomed distinguished guests to the event alongside Defence Attaché Staff Colonel Abdelrahman Al Mazmi. The event was attended by senior officers from the US and other nations' armed forces, as well as diplomats and senior government officials.            Ambassador Al Otaiba commented on the occasion, saying: "We are very proud of the men and women of our armed forces. The UAE's military today is one of the best equipped and most advanced due to the visionary leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Supreme Commander of the UAE Armed Forces; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai and Minister of Defence; and His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces". He added, "We appreciate the ongoing military cooperation, the robust procurement, and the training programs with the United States".            Defence Attaché Al Mazmi said, "I would like to congratulate our leadership on this important day in our history." He added, "The UAE's military has played a key role to ensure regional security and stability for the past 36 years". – Emirates News Agency, WAM Â
Judge to produce historical documents to prove UAE's sovereignty over islands occupied by Iran            The Chief Justice of UAE, Justice Dr. Abdul Wahab Abdoul and Prominent Arab political scientist Dr. Abdulkhaleq Abdullah will lead a symposium on 28th of this month on 'Legal and political view point on the Iranian occupation of UAE's three islands'.            The symposium, organised by the Sultan Bin Zayed Centre for Culture and Information at the Abu Dhabi Theatre overlooking the Arabian Gulf, will shine light on a number of historical evidences that establish the sovereignty of UAE over the islands: Abu Musa and Greater and Lesser Tunbs. Director General of the Centre Habib Yusuf Al Sayegh said that the symposium will explain the civilised approach adopted by the country in pursuing its just cause based on a clear and unambiguous vision that has earned world's respect and appreciation for the UAE.            "UAE's historical and deep-rooted right over the Islands will not be lost by prescription", stressed Al Sayegh.            Justice Dr. Abdul Wahab Abdoul is the first UAE national to assign the position of Chief Justice in the country. Dr. Abdulkhaleq Abdullah is a professor of political science at the UAE University. He holds a PhD in Political science from Georgetown University and MA from American University in Washington D.C. – Emirates News Agency, WAM Â
UAE, Egypt to expand cooperation            The UAE, represented by the General Civil Aviation Authority, signed a Memorandum of Understanding (MoU) with the Arab Republic of Egypt early this week. The signing ceremony took place at the Sheikh Zayed Air Navigation Centre. The MoU aimed at enhancing cooperation in the field of air transport services, which were previously negotiated by the Air Services Agreement signed between the two countries in Abu Dhabi, on January 31, 2002 and the Memorandum of Understanding signed in the city of Cairo, on April 22, 2010. The MoU was signed by Saif Mohammed Al Suwaidi, director general of the General Civil Aviation Authority, and Captain Alaa Ahmed Ashour, head of the Civil Aviation Authority in the Arab Republic of Egypt. – Khaleej Times Â
           Constant threats at borders have led countries to share more information, making it easier for Customs departments to stop dangerous items crossing their boundaries, intelligence authorities say. We are the first line of defence," said Abdullah Al Shaer, the director of the Customs intelligence department in Dubai. "You do not know where threats may come from but with solid platforms, updated procedures and trained staff you can minimise the threats."            Al Shaer was speaking at the start of a two-day meeting of the Regional Intelligence Liaison Office - Middle East (Rilo-ME) in Dubai yesterday.            "There are 15 million containers passing through Dubai's ports annually, therefore we use intelligence gathering, proper advanced technology and trained staff," he said.            Khalid Al Araj, director of the Rilo-ME office in Riyadh, said: "The region is witnessing a large increase in information exchange and this is due to the awareness that intelligence has become essential in customs work.            "The increase in international trade … as well as the fact that the Middle East region is fast-growing, has created a large flow of information that benefits the region."            Intelligence gathered from the UAE, Saudi Arabia, Kuwait, Qatar, Bahrain, Oman, Jordan, Syria, Lebanon and Yemen has helped to curb smuggling operations globally, the World Customs Organisation (WCO) says.            The cooperation has allowed the WCO to compile and update intelligence data in the Customs Enforcement Network (CEN) database. "This a system that holds information shared by all WCO members and is rapidly updated," said Mr Al Araj.            Information about shipments, suspicious cargo and irregular transactions are traded between countries and regular updates are provided from other agencies to prevent illegal materials from crossing borders.            "The WCO did a campaign recently to gather information on chemical and hazardous materials that can be used for weapons and narcotics," Mr Al Araj said.            "The information was uploaded on to CEN and now provides information to customs authorities on what materials may be used illegally."            Dubai Customs officials seized 17 per cent more illegal shipments last year - 6,987 compared with 5,971 in 2010 - mainly as a result of greater sharing of information with other intelligence offices.            "The seizures included various smuggling operations of hazardous materials, drugs, counterfeit goods and money, forged documents and credit cards," said Ahmed Butti, the director general of Dubai Customs.            This year, he said, a 20 per cent increase in seizures was registered in the first quarter. Mr Al Shaer said that in 2010, Dubai was the largest supplier of customs intelligence to countries around the world.            That same year, 14.6 tonnes of chemicals used to make cocaine and heroin were seized in the emirate. More than 70 plastic barrels of acetic anhydride and calcium carbonate emulsion were found in a container at Jebel Ali Port, arriving from an unidentified Asian country en route to a third nation.            The seizure was considered to be the largest prohibited chemicals bust by Dubai Customs. Last month a package of forged official rubber stamps intercepted by Dubai Customs helped UK police to arrest a suspected drug dealer.            The stamps, bearing the insignia of the British High Commission in Dhaka, were uncovered customs inspectors at Dubai Cargo Village.            With them were other stamps purporting to be of the Bangladeshi High Commission in London and Cellmark, the British company that conducts DNA tests for UK visas. – The National Â
           Aabar has signed a US$2 billion (Dh7.34bn) deal with China to develop 30 properties in Abu Dhabi.            China State Construction Engineering Corporation has an agreement with Aabar, an Abu Dhabi Government investment vehicle, to develop the projects including office buildings, hotels and apartments, the Chinese company said.            Industrial and Commercial Bank of China (ICBC) will provide Aabar with the funding, while China State Construction will be the contractor for the projects, China State Construction said in a statement to the Shanghai stock exchange yesterday according to official Chinese media. Aabar declined to comment.            "Aabar will take its revenues generated from crude oil and finished oil trade to repay ICBC," according to a report in the China Daily, the state-run newspaper.            "According to the contract, the project involves building 30 properties including five-star hotels, office buildings and high-end apartments," it added.            The development is the latest in a series of major commercial alliances between China and Abu Dhabi. "Where we are seeing foreign activity is generally coming from Asia," said David Dudley, the head of Jones Lang LaSalle's Abu Dhabi office. "There is significant [construction] activity from [South] Korea and from China."            Aabar is a subsidiary of International Petroleum Investment Company, in turn owned by the Government of Abu Dhabi.            Tariq Qaqish, a fund manager at Al Mal Capital in Dubai, said the project would help Abu Dhabi because it would bring cash from abroad and leverage using foreign banks. ICBC opened its first branch in Abu Dhabi in 2010. The property deal adds to growing bilateral ties in the energy sector.            Wen Jiabao, the Chinese premier, visited Abu Dhabi earlier this year and oversaw the signing of an agreement between Abu Dhabi National Oil Company (Adnoc) and its Chinese counterpart, China National Petroleum Corporation (CNPC), to collaborate on undeveloped oil and gas prospects in Abu Dhabi and oil storage.            Abu Dhabi is expected to award China a huge area of land for oil exploration and production, and the emirate has become an increasingly important supplier of crude to Beijing.            Adnoc agreed last year to increase oil exports to CNPC to 200,000 barrels daily starting in 2014, according the state news agency WAM. The deal follows a 2009 agreement between the two companies to cooperate on oil trading, shipping and storage.            Chinese firms have secured billions of dollars worth of contracts in the UAE construction sector in recent years.            High-speed communications networks in the Emirates have also been installed by companies from China. There are more than 1,000 Chinese firms operating in the UAE and trade between the two countries reached US$35bn last year.            Excluding oil, bilateral trade increased 9 per cent in 2010 to reach US$12.5bn, according to the UAE's Ministry of Foreign Trade.            In November, Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, made its first investment in China by forming a joint venture to create a US$150 million plant to supply material for the UAE's aluminium smelting industry. Mubadala signed an agreement to develop the facility with Jiangsu Surun High Carbon Company and said the project was likely to be the first of a series of investments it makes in the world's second-largest economy.            Other investments from the UAE include Borouge, the Abu Dhabi petrochemicals maker, which opened a factory near Shanghai about two years ago.            Dubai's DP World has stakes in ports in locations including Hong Kong, Tianjin and Qingdao.            Meanwhile, the number of tourists to the UAE from China has surged since the Emirates gained "approved destination status" in 2009. Abu Dhabi at the beginning of this year announced it planned to push ahead with a number of landmark projects. – The National Â
           GlobalFoundries, a microchip manufacturer owned by Abu Dhabi, plans to become the leading market player in the next five years and has confirmed a factory planned for the capital will be built. The company, which is fully owned by Advanced Technology Investment Company (Atic), said it had become the second biggest manufacturer of semiconductor chips by revenue in the world earlier this year.            Ajit Manocha, the chief executive of GlobalFoundries, said the manufacturer now made more in sales than its competitor UMC, but was still some way behind the market leader TSMC. Both competitors are Taiwanese.            "GlobalFoundries strategy is very clear. We want to be the leading-edge foundry provider for the world," he said, following a speech in New York, attended by Barack Obama, the US president.            "At this stage, we are now the number-two foundry in the world. [TSMC] is significantly ahead of us. It might take three to five years [to pass them]."            Atic, which is a wholly owned subsidiary of Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, helped to set up GlobalFoundries with the US semiconductor company Advanced Micro Devices in 2009.            GlobalFoundries has two manufacturing factories, in Singapore and Germany, and is in the process of developing one in upstate New York. Mubadala spent Dh16 billion (US$4.3bn) last year in relation to Atic, principally on the expansion of the factory in Germany, equipment purchases in Singapore and construction of its new facility in New York.            The New York plant will be run by a 1,300-strong workforce, which will eventually grow to 1,600, nearly all of whom are highly qualified from degree-level upwards.            "This is great for GlobalFoundries employees," said Mr Manocha. "To be part of the most advanced, state-of-the-art fab [fabrication or manufacturing plant] in the world."            The chip maker had planned to begin building a manufacturing facility in Abu Dhabi this year but delayed the project to focus its energies on the New York plant.            Mr Manocha said such a plant in the capital was definitely going to happen at some point, but he did not specify a time. "Abu Dhabi is an integral part of the strategy. This is a question of when not if," he said. "In order for us to be successful, we are building a strong foundation. Once we have a foundation, it makes sense to go to Abu Dhabi. We will come to Abu Dhabi." Because of the high-tech nature of the industry and high level of expertise required, the plant in New York cost about US$4 billion. A plant in Abu Dhabi would require a similar investment. "This business really depends on a high level of education and success," said Mr Manocha.            With the US presidential elections to begin later this year, Mr Obama was in New York to demonstrate the quality and quantity of jobs that can be created from an industry, such as semiconductor chips, in an area of New York state that is fast developing into a technology hub. "This is something near and dear to his heart," said Mr Manocha. "It's bringing jobs back to America and innovation into America." – Gulf News Â
           Mubadala, the Abu Dhabi government's investment vehicle, expects to spend about Dh20.1 billion (US$5.47 billion) this year as its seeks to expand a diverse line of businesses ranging from oil and gas to semiconductors.            "The group currently anticipates that its capital and investment expenditure for 2012 is likely to be substantially in line with the Dh20.1 billion annual average for the past three years," it said in a   update of its bond programme. The state-owned fund, which has stakes in General Electric and private equity firm Carlyle, expects a majority of that expenditure to relate to its semiconductor unit Advanced Technology Investment (ATIC); its joint venture with General Electric; solar energy project Masdar and oil and gas projects. Its semiconductor unit Atic had an accumulated deficit of Dh4.1 billion as of the end of 2011 and made losses in the past two years, Mubadala said in the filing.            "No assurance is given that ATIC will be profitable in 2012 or in subsequent years," Mubadala said in a section highlighting the risks associated with the business in its bond prospectus.            In a separate statement, Mubadala said ATIC was making further investments in boosting capacity and research in a bid to become a "profitable catalyst" for the emirate's economic development. "Mubadala routinely discloses risk factors within a bond prospectus, in line with various regulatory requirements," it said.            Mubadala, which recently bought a US$2 billion stake in Brazilian conglomerate EBX Group, said in April that it expects its investment outlay in 2012 to be slightly lower than last year's US$16.3 billion after saying its overall annual loss surged due to volatile global markets.            One of the few state-controlled vehicles to publish results, Mubadala also owns stakes in local companies including indebted developer Aldar Properties and cooling firm Tabreed which it helped recapitalise last year.            The investor's two most significant profit-making joint ventures last year were Dolphin Energy and Emirates Aluminium Co, according to the document. Dolphin energy            Mubadala will receive less revenue from its 51 per cent stake in Dolphin Energy Ltd as the unit's natural gas assets are returned to the Qatari government.            Earnings from the Dolphin gas project will "significantly decline" once the costs of building the project have been recovered, which is forecast to occur near the end of 2012, and the upstream resources are transferred to Qatar, Mubadala said in the update of its bond programme. – Gulf News Â
           Hewlett-Packard plans to introduce a new support service for individual customers in the Emirates, as the world's largest PC maker seeks ways to offset a global slump in sales of computers and printers.            The American company is currently rolling out 80 products and expects to begin the new service as early as next month.            The Emirates would be the only country in the Middle East and Africa to have such a scheme, where technicians would come to people's homes to fix devices within 24 hours of getting a call.            "It's typically used for corporate business," said Salim Ziade, the general manager for HP's personal systems group in the Middle East. "If you sell [computers] to Mercedes-Benz or Emirates [Airline], they expect a technician will come and fix it on site. This is not the consumer-level service, typically."            HP's increased focus on service schemes comes as global revenues for its computers, printers and other products have fallen dramatically, and as competitors eat up the company's market share with more affordable or innovative products.            During the first quarter this year, HP's earnings dropped nearly 44 per cent compared with a year earlier. Revenue fell 7 per cent, to US$30 billion (Dh110.19bn), as demand for both HP's commercial and consumer businesses softened.            Yet one of the company's few areas of revenue increases included services, which inched up 1 per cent, to US$8.6bn.            "HP has moved toward more services and higher-margin technologies", such as software and data-storage offerings, said Mark Fabbi, a technology analyst with Gartner, the market research firm. "But the underlying culture and approach of the company has changed little. They are still largely silo-driven and they are still seen as a tactical provider of 'things'."            Still, experts say that such service schemes could hold good possibilities for HP as added channels of revenue.            A similar programme has already been pilot-tested in India, "quite successfully", said Mr Ziade.            HP is also trying to offset declining sales in developed markets by courting customers more aggressively in emerging markets.            The company is currently the top computer-seller in the Europe, Middle East and Africa regions, with more than 19 million units shipped last year, according to market data from NPD DisplaySearch.            While this equates to nearly 5 per cent growth compared with 2010 for this region, it is significantly less than the growth rates of either Samsung or Apple, which ranked second and third, respectively when looking at the sales of traditional computers, monitors and tablets. In the Middle East over the past two years, HP has doubled its staff, to more than 2,000 employees. It also moved into a bigger office in Abu Dhabi this year to accommodate a growing staff that is now about 50.            Still, Mr Ziade said the greatest challenge for HP in the Middle East today was to find the right talent to meet the demands of both business and residential customers. "You need to catch up very fast with a massive increase of customer expectations. Investing in training is number one." – The National Â
ADNIC reports surge in profits and robust growth for First Quarter 2012            Abu Dhabi National Insurance Company (ADNIC) yesterday announced its results for the first quarter of 2012. Boasting a growth in premium and profits during this period with sound performance in all of its key business areas, the company continues to deliver on its long term Perpetual Excellence Plan which aims to fortify its key pillars of sustainable profitable growth to preserve continued success.            ADNIC's gross written premium for the quarter ended as of 31 March 2012 grew by 5% to Dh735 million up from Dh700 million in the first quarter of 2011. The net technical Income increased 13% from Dh54 million to Dh61 million as of 31 March 2012. The net investment and other income for the quarter grew 7% year on year to Dh25 million up from Dh23 million in the same period in 2011 even during a challenging environment. The net profit achieved for the first quarter as of 31 March 2012 increased by 11% to Dh86 million compared to Dh78 million in the first quarter of 2011. ADNIC continues to maintain its strong financial rating in the "A" category. This rating category has been maintained for the past two years by two leading global financial rating agencies (S'&'P and AM Best). – Emirates News Agency, WAM Â
           Lending by the UAE's biggest banks is falling short of industry estimates as slower growth in the second-largest Arab economy damps credit demand.            Combined lending by the top seven banks climbed 0.6 per cent in the first quarter to Dh749.5 billion (US$204 billion), their earnings statements show. Morgan Stanley and Cairo-based EFG-Hermes Holding both forecast a 5 per cent increase in loan growth in 2012. UAE economic growth will decelerate to 3 per cent this year from 4.9 per cent in 2011 as oil output growth eases, according to the average forecasts of 12 analysts compiled by Bloomberg.            That would be the slowest growth rate in the six-nation Gulf Cooperation Council and is below average forecasts for the Middle East, Latin America, Asia and the BRICS group of emerging markets, the forecasts show.            A 29 per cent drop in lending rates last year has squeezed the margins the nation's top-four banks get from interest on loans.            "It's definitely a slow start, so I think our full-year targets look a bit optimistic for some banks," Shabbir Malik, a Dubai-based analyst at EFG-Hermes, said yesterday. "Credit appetite continues to be weak." Rates decline            The three-month Emirates Interbank Offered Rate, a benchmark used by UAE banks to guide loan pricing and deposit rates, tumbled 62 basis points in 2011 to 1.52 per cent at the end of December.            It rose to 1.53625 per cent yesterday, the highest in the GCC. Equivalent rates were 0.9025 per cent in Saudi Arabia, 1.26429 per cent in Qatar and 0.725 per cent in Bahrain yesterday.            UAE interbank rates were kept high by the nation's banks until last year as they sought to attract deposits after the banking sector's loan-to-deposit ratio rose above 100 per cent. That ratio fell to 97 per cent in February, Central Bank data show.            Combined customer deposits at the top seven banks rose 8.4 per cent in the first quarter to Dh790.4 billion, led mainly by a jump in government deposits at National Bank of Abu Dhabi, the second-biggest UAE lender, according to the banks' results. That compares with growth of 1.9 per cent in 2011, central bank data shows.            "In the first quarter, deposit growth was quite healthy, higher than lending growth which is positive for the sector," Timucin Engin, a Dubai-based associate director at Standard & Poor's said on May 7.            "There would be corporate demand for loans, but banks aren't necessarily risk takers in this market and still taking a conservative stance."            Three of the UAE's top-seven banks — Abu Dhabi Commercial Bank, First Gulf Bank and Mashreqbank — reported a decline in lending in the first quarter from December, while National Bank of Abu Dhabi said lending advanced 2.3 per cent, the fastest in the group. Emirates NBD, the biggest bank, reported a 0.5 per cent gain. Slump in 2008            Bank lending grew more than 30 per cent annually in the four years to 2008 before slumping as the global credit crisis led to a crash in property prices and spurred loan defaults.            Lending climbed 3.9 per cent last year, after growth of 1.3 per cent in 2010, amid a rebound in trade, tourism and transport. "We had expected higher loan growth from First Gulf Bank, and some of the big banks in Abu Dhabi may have as much as 10 per cent" loan growth in 2012, Dan Cowen, a Dubai-based analyst at Morgan Stanley said in an interview on May 2.            Last month, the UAE Central Bank unveiled new loan limits designed to curtail banks' exposure to the government.            Banks can lend no more than 100 per cent of their regulatory capital to local governments and the same to government-related companies, the Central Bank said on April 4, setting a September 30 deadline for compliance.            Emirates NBD's exposure to sovereign and quasi-sovereign clients is 192 per cent of regulatory capital, while that of National Bank of Abu Dhabi is 199 per cent, Deutsche Bank AG estimates showed last month. – Gulf News Â
           It did seem that du, the telecom operator, had made a left-field choice when it went ahead and launched a music download service.            That too in a virtual marketplace where sourcing free from pirate sites is the default setting for a significant number of music lovers.            A leading music label did try a similar online exercise last year, but then decided to pull out after it found that targets were hard to come by in a rampant music piracy environment.            So where is the need for du to get into a toxic situation like this? But with more than 19,000 songs in its portfolio — cutting across genres — and growing, the company believes it is only a matter of time before more users start going the payment route to get what they want. Experiences            According to a du spokesperson, there are the past experiences from other markets to go by. "If one has to look at global case studies, paid-for content has had an impact in countering piracy," the spokesperson said.            "In the case of Spotify, the Sweden-based music streaming service, has reportedly been linked to a 25 per cent drop in music piracy there ever since they went live in 2009.            It's not hard to see why — they got their pricing right and they made the experience compelling by enabling users to connect with friends through the services' social features in the process."            On its part, the telecom operator believes it has a similar value proposition to offer. For Dh1 a day, customers can download as many as five full-length tracks from the Music Store.            As a value-add, they can also transfer it to any device as well as go for repeat download of the same tracks if needed. The service also comes with Facebook integration and even double as caller tunes.            "The recent move is to create an eco-system on the back of our robust HSPA+ (4G) network that enables consumers to access their content on-demand and on the move in an environment that fosters experiential value at a compelling price point," the spokesperson added.            "As the proliferation of smart devices continues and become an integrated extension of consumers' lifestyle choices, what we are trying to do is bring interesting propositions to customers.            "Operators around the world look at value added services as a vital ingredient to their business model… we are no different."            The proof will be in the downloads. According to du, the Music Store has been recording a consistent growth in the number of new users month-on-month. It is accompanied by "a positive build-up in the download or consumption of songs per user," the spokesperson added. – Gulf News Â
Abu Dhabi National Hotels Q1 profit drops 20%            Abu Dhabi National Hotels (Adnh), a diversified hospitality company, on Wednesday reported 20 per cent decline in its first quarter earnings to Dh65.82 million.            The company, which has interests in hotels, catering, transport and retail sectors, saw its hospitality segment’s revenues declined to Dh184.4 million in the quarter, against Dh214.6 million in the same period last year, as new hotels opened during the last one year have intensified the competition resulting in drop in room charges as well as occupancy levels.            Abu Dhabi-based firm has seen strong performance and steady growth of its subsidiaries, led by the catering and contracts services, hotels, retail and transport services. It posted Dh477.129 million of revenues in the quarter ended March 31, against Dh481 million in the comparable period last year.            There was no change in its earnings from catering and transport businesses in the quarter when compared with the revenues earned last year. The catering arm generated Dh202 million while     Al Ghazal Transport earned Dh64.846 million, in the period. However, the boost to revenues came from the retail division that did not exist in the same period last year. It contributed “a healthy performance in the first quarter, posting Dh30.271 million in revenues,†company said.            With the new properties opening doors to guests, Adnh reported a surge in total assets that grew to Dh10.404 billion at the end of the period against Dh9.55 billion in the same period a year ago.            Adnh’s operations cover the ownership and representation of 5-star hotels in Abu Dhabi, Al Ain and Dubai in addition to the Al Diar Hotels division, which has ten executive hotels Adnh recently opened Park Hyatt Abu Dhabi Hotel and Villas, the first Hyatt-branded property in the UAE’s Capital, located on Saadiyat Island. Situated within minutes of Abu Dhabi’s prime business district and the Corniche, this stylish contemporary resort caters to both business and leisure travellers alike. – Khaleej Times Â
Schools to swap books for iPads            Where students once carried laptops and stacks of books, they will now need only one slim tablet, announced the Institute of Applied Technology (IAT) on the closing day of the Transforming Education Summit (TES), hosted by Abu Dhabi Education Council (ADEC) under the patronage of General Sheikh Mohammed bin Zayed al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of ADEC.            “IAT has completed making all arrangements for the academic year 2012-2013 for the use of iPads which contain simulation forms, a multi-lingual dictionary and other means of high-tech explanatory video,†announced Dr Abdul Latif Al Shamsi, Director-General of IAT, at the TES session dealing with how to engage students in education reform.             The tablet computers will be distributed to all students and teachers in IAT’s secondary schools at the beginning of the new school year, replacing textbooks with e-books and paper assignments with Internet-based activities. In addition to more effectively engaging ‘the generation of the Internet’, iPads will also reduce the health risks associated with carrying heavy schoolbags and purses, said Dr Al Shamsi.            “The new initiative has been taken according to the instructions of IAT’s council of trustees, to implement the recommendations of the International Technology Education Conference the institute recently held. Technology has not been used completely to develop the education environment in the UAE, which impedes the present educational system from catching up with those based on advanced technology,†he explained, noting that the initiative was the first of its kind in the Middle East.            Other TES delegates also identified technology as a powerful means of engaging students and educators in reform, improving both the quality and accessibility of education. Province of Buenos Aires Minister of Education Silvia Gvirtz spoke at the summit about Argentina’s ‘Conectar Igualdad’ initiative to provide all secondary students with netbooks. “This programme is not about computers. It is about connectivity for schools, accessibility for students and, most important, teacher training,†she said.            TES delegates agreed that teachers alone cannot bring about education reform at sessions focusing on how to involve governments, communities and other stakeholders in the process.            “Transforming education is a dynamic process,†said Muhyiddin Yassin, Deputy Prime Minister and Minister of Education of Malaysia. “Because education impacts everyone, the success of educational transformation depends on the level of involvement and support it receives from its main stakeholders. An effective government must not only drive transformation and hope to deliver results, but also make every stakeholder feel they are part of the transformation process itself,†he said. Bringing interested parties around a common goal can be challenging for countries with diverse populations such as Malaysia and the UAE, Yassin added, but falls to the government’s responsibility. Tarja Halonen, former president of Finland, also addressed the central role held by government actors in achieving education reform.            “The main part of the work must be done at the level of individual countries, and we need national policies to do this. At global level, we should also be able to put policies that cross the boundaries between states and sectors of administration,†she argued. – Khaleej Times Â
UAE's Global Giving Hands Initiative completes its target of giving curative services to one million children            Under the patronage of the Mother of Emirates HH Sheikha Fatima Bint Mubarak, the Giving Hands Initiative has completed its mission of providing preventive, curative and surgical services to over one million children and elder persons around the world.            The colossal initiative, with the voluntary participation of the Emirati nationals along with the citizens of other countries, was realised as part of the Zayed Giving Initiative in collaboration with the Emirates World Humanitarian Mobile Hospital (Elaaj), Emirates World Heart Group and the General Women's Union.            The initiative was carried out with humanitarian fervor and vigour inspired by the calls of human harmony made by President His Highness Sheikh Khalifa Bin Zayed Al Nahyan and UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum.            The patronage given by Sheikha Fatima, Chairwoman of the General Women's Union and of the Family Development Foundation and Chairperson of the of the Supreme Council for Motherhood and Childhood, made this mission possible.            Zayed Giving Initiative is a unique model for humanitarian work at local and international levels. Since its inception in 2003, the initiative has made valuable contributions to various areas of community services and volunteering including health, education, environment and culture. – Emirates News Agency, WAM |
