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SUNDAY, 12 OCTOBER 2008
UAE envoy meets Pakistan's defence minister
posted on 12/10/2008
 Ali Saif Sultan Al Awani, UAE Ambassador To Pakistan, met in Islamabad yesterday with Chowdhary Mukhtar Ahmed, Pakistani Defence Minister and conveyed to him greetings of Vice President and Prime Minister of UAE and Ruler of Dubai H.H. Sheikh Mohammed bin Rashid Al Maktoum and General H.H. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
The meeting also discussed bilateral relations and ways to enhance them.
Chowdhary said his country attaches great importance to its relations with the UAE. He expressed appreciation to the continuous support given by the UAE to Pakistan. – Emirates News Agency, WAM
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Zayed Charity delegation arrives in Tanzania to conduct free heart surgeries
posted on 12/10/2008
 A charity delegation consisting of cardiac surgeons from UAE and other countries has arrived in the Tanzanian capital of Dar es Salam to conduct free heart surgeries for hundreds of patients here.
The delegation sent by the Zayed Charity Initiative will perform open-heart surgeries for those who are not able to incur the expenses of it due to poverty. There are several men, women and children in Tanzania who silently suffer the fatal disease due to lack of resources to treat it.
Zayed Charity Initiative is a humanitarian voluntary initiative, which presents unique model to alleviate suffering of the needy from different diseases worldwide.
Through this initiative, doctors and specialist surgeons offer treatments and diagnosis to the needy heart patients, blinds and those with physical defects. It has struck the partnership deals with major university teaching hospitals in the world to train medical cadres.
The initiative complements other UAE medical initiatives, which benefited millions of patients worldwide. The impacts of projects that bear the name of late of Sheikh Zayed bin Sultan Al Nahyan could be seen in Egypt, Morocco, Pakistan, Yemen, Mauritania and others.
Chairman of the Board of Directors of UAE Red Crescent Authority (UAERCA) Dr. Ali Al Ka'abi said that the initiative will translate the compassion of the UAE citizens into practical help for those who suffer around the world.
Al Ka'abi hailed the great humanitarian role played by the Emirates World Heart Group (EWHG) in performing heart surgeries in many countries for the benefit of the poor.
World-renowned cardiac surgeon and Chairman of the EWHG Dr. Adel Al Shameri said that the team of doctors are in Dar es Salam and are busy with the necessary preparations for performing the surgeries. – Emirates News Agency, WAM
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UAE's efforts to diversify national income underway
posted on 12/10/2008
 The UAE is making efforts to further diversify its income sources and avoid being fully dependant to maintain sustainable economic and social development, according to a statement by the UAE delegation to the United Nations General Assembly Second Committee.
"The UAE views sustainable development as the best way to provide stability and security for all peoples of the world ... and is urging for the adoption and implementation of all relative international resolutions and recommendations", said the statement which was delivered by Sheikha Salman Al Za'abi, member of the UAE delegation to the meetings of the GA Second Committee in New York.
The statement cited the following five economic approaches to development which were adopted by the UAE:
1- Focus on human resources development through providing proper education and social and health care for all people and providing equal employment opportunity for all Emirati men and women. In this regard, the UAE ranked 37th in the UN human development report (HDR) for 2007-2008.
2- Adopting the market economy and supporting the private sector with new legislations and regulations to further boost competitiveness and create an environment that is attractive to foreign investments. In support of small and medium businesses, the Khalifa Fund for Supporting Small and Medium Enterprises and Mohammed Bin Rashid Establishment for Young Business Leaders (SME) were created.
3- Elevating the average annual income of citizens to Dh 118000. Other signs of economic growth include the increasing number of UAE companies' overseas investments. The UAE economy is now the most competitive in the Arab World and is among the world's most free and attractive economise for foreign investments. The government has launched anti-corruption and anti-money laundry procedures.
4- Preserving environmental sustainability and integrating environmental preservation into national planning for a diversified economy into the 21st century. In cooperation with the World Wildlife Fund (WFF), the UAE has launched Masdar city, the world's first zero-carbon city that depends on renewable and clean energies.
5- Taking part in global and regional partnerships and efforts for development and offering support to developing countries and areas hit by conflicts and natural disasters.
The statement added that current global food, credit and energy crises and climate change now threaten to impede sustainable development in developing countries in particular where half of the world population suffer from dire poverty, chronic diseases, unemployment, terrorism and armed conflicts. – Emirates News Agency, WAM
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UAE takes part in WHO subcommittee meetings in Cairo
posted on 12/10/2008
 UAE Health Minister HE Humaid Al Qatami, has said the UAE delegation is presenting papers on the national health achievements, including eradication of polio, flaccid paralysis and malaria at the activities of the Regional Committee of the East Mediterranean countries of the World Health Organisation (WHO) in Cairo.
The Committee is discussing a number of health issues in the Mediterranean basin, on top reviewing health reports on new epidemics threatening the world.
He added that the UAE has been selected in the international panel to follow up combat of the diseases which threaten health at the world level.
Al Qatami stressed the meetings coincide with the 60th anniversary of the WHO, adding that they discuss a number of health issues, notably HIV, smoking, climate changes and their effects on health, as well as anti malaria strategy in the Mediterranean basin. – Emirates News Agency, WAM
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Saqr Ghobash hails holding of GCC Days in Madrid
posted on 12/10/2008
 Labour Minister and Chairman of National Media Council (NMC) HE Saqr Ghobash, has stressed significance of the UAE participation with high level, including officials and experts, in the Gulf Cooperation Council (GCC) days in Spanish capital Madrid, from Oct. 13-15.
He told Emirates News Agency (WAM) in a statement that the step taken by the external media department at the NMC to coordinate the participation of the UAE in the event, "is an important step towards boosting cultural, economic and media dialogue between GCC countries with Spain in particular and EU in general." – Emirates News Agency, WAM
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Banks in UAE enjoy strong financial position - UAE Central Bank
posted on 12/10/2008
 The Governor of the UAE Central Bank HE Sultan Bin Nasser Al Suwaidi asserted that the national and foreign banks in UAE enjoy a strong financial position.
In press statement, the Central Bank said that the ownership of deposits is distributed in such a way that the citizens own 75pc of the depostis, while the Arab nationals and the other nationalities own 8pc and 17pc respectively.
Also banks financing from the European Commercial Paper issues (ECP) and Medium-Term Notes (MTN) to the total bank assets is 9.9pc only.
As for the inter-bank deposits percentage, it is 12.7 pc to the total assets and most of these are owned by banks in the UAE.
For the assets side, the majority of assets of national and foreign banks operating in the UAE are in the UAE and their parties are known and sound, contrary to what is there in other economies where most parties in these countries are unknown, said the statement.
And for capital of banks and their reserves, they represent 11.02pc of bank assets, which is considered high according to Basel II standards.
Thus, national banks and branches of foreign banks operating in the UAE are constructed on safe and sound foundations of 77.4pc of secure financing recourses.
Responding to some inquiries about the purchase of some foreign countries of shares in their banks, the Central Bank explained that local Governments have substantial percentages in many banks; therefore, the matter is solved in the UAE from a long time ago.
Al Suweidi is now in Washington DC to attend the IMF/WB Annual Meetings. This year a large amount of time will be dedicated to discuss the liquidity crisis and the financial markets turmoil especially in the advanced industrial countries.
The discussion will include analysis of reasons which led to these crises and solutions or what is called policy response, i.e. changes in monetary policies and those relating to capital markets.
Senior Executive Director of Treasury Department, Assistant Executive Director of Banking Supervision and Examination Department, and the Head of Strategy Unit are accompanying the Governor to the IMF/WF annual meeting.
This team of specialists was formed for the purpose of noting details of the international liquidity and credit crises. – Emirates News Agency, WAM
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New legal edict on patent protection in UAE
posted on 12/10/2008
The legal period of protection valid for a patent will be ten years in UAE, the Legislation and Legal edicts directorate has resolved.
Giving its opinion on an issue raised by a government authority, the Directorate affiliated to the Ministry of Justice said that the Law No. 17 (Year 2002) nullified the previous Federal Law No.44 (Year 1992), which stipulated a validity period of five years on protected patents.
The Directorate also resolved that if an application for patent protection was pending decision before the amendment in the law, the new term should be applied to the period of validity.
A patent is normally defined as a grant by the concerned federal government that permits its owner to exclude others from making, using, or selling a claimed invention.
The Legislation and Legal Edicts directorate opined that the patent should be registered in the appropriate records, with approval by the minister, and should be published in the official gazette, reported the Arabic daily 'Al-Emarat Al-Youm'.
The application for patents - be it utility patents or design patents - should be accompanied by adequate graphics in order to qualify for technical assessment and necessary approval.
A company had filed an application for registering its industrial model for a wristwatch for patent protection, as early as in 1998. The application was accepted after scrutiny in 2007, but a ministerial approval was not given for patent protection due to the absence of technical experts to decide the originality of the model.
The concerned government department approached the Ministry of Justice for legal opinion, and hence the edict. – Emirates News Agency, WAM
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Pollution control plan for UAE on cards
posted on 12/10/2008
 A pollution control plan is on the anvil and will be submitted to the Federal National Council for approval before the end of the year, according to Minister of Environment and Water Dr Ahmed bin Fahad.
"Under the plan, modern equipment and systems for controlling oil pollution and monitoring beaches, seaports and regional waters will be made available,'' he said.
The minister made these remarks during a visit to the Fujairah Municipality where he was received by its director Mohammed Saif Al Afkham.
Al Afkham said the visit was part of efforts to regulate the quarrying sector in the emirate."The civic body is strictly enforcing the environmental laws to protect the health of the people living near quarries,'' he added. – Khaleej Times
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TRA allows operators to drop prices
posted on 12/10/2008
 The Telecommunications Regulatory Authority has announced that telecom operators in the country will now be able to drop prices for competition.
TRA Director-General Mohamed Nasser Al Ghanim said: "The TRA has made several improvements to its Price Control Regulatory Policy and Procedure. Now, the service providers can request a fast track review of certain prices to enable them to react to rapidly changing market demands.
"Bringing new prices to the market faster facilitates telecommunication services at optimally competitive prices." – Emirates Business
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Abu Dhabi's media free zone opens on Sunday
posted on 12/10/2008
A mega media park will be launched today to "create content by Arabs for Arabs," according to a senior executive.
"Abu Dhabi has the opportunity of becoming a creative hub for the media as well as arts and culture," Tony Orsten, CEO of the Abu Dhabi Media Park, told Gulf News.
He said in five to 10 years, there will be a broad media industry in the UAE capital. "Production companies, editing and content will be made here not because it is cheaper than Cairo or Beirut, but because the quality of the content and the talent is here," said Orsten.
A temporary campus for the media park will be set up by the end of this year near Khalifa Park.
The actual park of 200,000 square metres will be constructed in five years in Mina Zayed area.
The media park will build production studios and post production suites, transmission services (teleport uplink and downlink, satellite service provider, telecommunication and IT services and immigration and relocation services. – Gulf News
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