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King of Jordan praises ties with UAE
UAE signs air services MoU with Jordan
UAE prepared to defend itself against security threats
Contract for Khalifa medical complex in Morocco signed
Saudi official praises UAE pavilion at Expo Zaragoza
ADNOC announces retrospective crude prices for June 2008
UAE has lowest subsidies on fuel among oil producers
Abu Dhabi Economic Development Council calls for measures to streamline investments
UAE set to become dominant banking force
Telecom market to rise 63pc
etisalat and France Telecom to make joint investments
Emirates flight receives warm Chinese welcome
Nakheel breaks ground on W Bangkok
Mansour bin Zayed inaugurates new beach on Abu Dhabi Corniche
UAE national filmmaker takes second place at Rotterdam film festival
Documentary festival to feature 20 films
College plans robotic replica of Ibn Seena
Maktoum Foundation to publish Arabic Narrative Encyclopaedia
Cultural body launches festival of classical music in Abu Dhabi
DHA unveil its new web site

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King of Jordan praises ties with UAE
posted on 03/07/2008

Amman - His Majesty King Abdullah II of Jordan has expressed appreciation to the GCC countries, including the UAE, for their continuous support to his country's economy. King Abdullah said in an interview with Jordan News Agency (Petra) that although like all nations around the world, Jordan had suffered from the problem of high prices, "we are in fact in a better position than most countries, even those with more natural resources." "Like my father before me, I have always invested a lot of ...  >>MORE


UAE signs air services MoU with Jordan
posted on 03/07/2008

The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA) has initialled "open Sky" Air Services Memorandum of Understanding (MoU) with Jordan The MoU was signed by Saif Mohammed Al Suwaidi, the Director General of UAE General Civil Aviation Authority (GCAA) and Captain Sulaiman Obaidat, Head Commissioner of the Jordanian Aviation regulation Authority. Both parties agreed to designate all UAE airlines (Emirates, Etihad, Air Arabia, RAK Airways) as designated Airline ...  >>MORE


UAE prepared to defend itself against security threats
posted on 03/07/2008

The country will continue working to protect its natural resources, including oil, from security threats which have become a heavy burden on the global economy, said Lieutenant-General Hamad Mohammed Al Rumaithi, Chief of Staff of the UAE Armed Forces. In a keynote speech at the first Gulf Naval Commanders Conference held in the capital yesterday, Al Rumaithi said although the country is an advocate for peace, this does not mean that it will not be prepared to defend itself against external ...  >>MORE


Contract for Khalifa medical complex in Morocco signed
posted on 03/07/2008

A contract for building the Sheikh Khalifa bin Zayed specialised medical complex in Casablanca, Morocco, was signed Wednesday between Abu Dhabi Municipality and French Jacob France Engineering Consultancy Group. The US$ 100 million health facility will be built by a donation offered by UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan. Director General of Abu Dhabi Municipality Juma Al Junaibi said the French consultant will undertake the works of architecture, design and ...  >>MORE


Saudi official praises UAE pavilion at Expo Zaragoza
posted on 03/07/2008

Zaragoza - The UAE pavilion at the international Expo Zaragoza in Spain has exhibited the impressive progress and prosperity in the UAE, according to a senior Saudi official. 'The progress we saw yesterday at the UAE pavilion is a source of proud for all of us. The leadership and government of the UAE are working tirelessly to achieve development and progress and improve quality of life of UAE citizens,' said Dr. Abdul Rahman Al Sheikh, Undersecretary of Saudi Ministry of Municipal Affairs. The ...  >>MORE


ADNOC announces retrospective crude prices for June 2008
posted on 03/07/2008

The Abu Dhabi National Oil Company (ADNOC) yesterday announced the retrospective prices for June 2008 for Abu Dhabi's four main grades of crude oil. The price for the onshore Murban crude was set at US$134.00 per barrel, while prices for the three offshore crudes were set at US$133.90 for Lower Zakum, US$133.00 for Umm Shaif and US$128.20 for Upper Zakum. – Emirates News Agency, WAM ...  >>MORE


UAE has lowest subsidies on fuel among oil producers
posted on 03/07/2008

The UAE has the lowest subsidies on fuel prices among oil producers and experts believe this has contributed to accelerating inflation in the country. Details published in London this week based on 2006 figures showed the UAE did not have any subsidy on diesel prices, while it provided a subsidy of US$10 per barrel of gasoline. Subsequently, Abu Dhabi in the UAE has subsidised diesel. The figures by the Centre for Global Energy Studies (CGES), which is owned by former Saudi Oil Minister Ahmed ...  >>MORE


Abu Dhabi Economic Development Council calls for measures to streamline investments
posted on 03/07/2008

The Abu Dhabi Economic Development Council has called for new but stringent measures to streamline local investments in a manner that would curb the operations and existence of bogus investment companies. In a report released in Abu Dhabi yesterday, the council stressed the need for concerned authorities to create robust investment machinery so as to stop investors falling prey to investment rackets. The report was prompted by a recent case unveiled by the Abu Dhabi police in which an "owner" ...  >>MORE


UAE set to become dominant banking force
posted on 03/07/2008

A rapid growth in credits and other financial operations have coupled with an ongoing capital increase drive to turn the UAE into the largest banking sector in the Arab world, overtaking Saudi Arabia in almost all banking components. At the end of March, the United Arab Emirates emerged with the dominant Arab banking sector in terms of assets and most of their components, including loans and advances, deposits, capital and financial reserves. Official figures showed the combined assets of the ...  >>MORE


Telecom market to rise 63pc
posted on 03/07/2008

The UAE telecoms market is projected to grow 63 per cent to Dh35.27 billion in four years on the back of increased mobile phone penetration rate hitting a regional high of 188 per cent. The record high penetration, shared by etisalat and du, also implies that there are nearly two SIM cards per person in the UAE. UAE's population growth, projected at a five- year compounded annual growth rate (CAGR) of 4.8 per cent, will be the key driver for the sector, resulting in a combined CAGR of 8.6 per ...  >>MORE


etisalat and France Telecom to make joint investments
posted on 03/07/2008

etisalat and France Telecom will collaborate in a number of diversified areas including in Home services, contents, international network, besides making joint investments in the sector. An MoU which was signed in Paris, yesterday between Mohammad Omran, chairman of etisalat and Didier Lombard, chairman and CEO of France Telecom, is being dubbed as ‘landmark' as it will open flood gates of sector-specific business opportunities, collaborations, launch of products and making forays into the ...  >>MORE


Emirates flight receives warm Chinese welcome
posted on 03/07/2008

Guangzhou - After Hong Kong, Shanghai and Beijing, Guangzhou has become the fourth destination of Emirates Airlines in China as Dubai's leading airline launched its inaugural flight to the southern Chinese city on Tuesday. Today, Emirates will be opening its office in Guangzhou, Guangdong province. With flight EK 362, which carried over 220 travellers from across 30 counties from the Dubai International Airport to Baiyun International Airport, Emirates launched a new route between Dubai and ...  >>MORE


Nakheel breaks ground on W Bangkok
posted on 03/07/2008

Nakheel Hotels broke ground this week on its W Bangkok hotel development, the firm's latest project in Southeast Asia. The 400-room property, to be managed by Starwood Hotels & Resorts, is expected to open at the end of 2010, the company said in a statement yesterday. The hospitality arm of property giant Nakheel has a US$40 million (Dh146m) investment in the development, which is a joint venture with Thailand-based Golden Land Property Development. "We plan to roll out 30 branded budget-hotels ...  >>MORE


Mansour bin Zayed inaugurates new beach on Abu Dhabi Corniche
posted on 03/07/2008

Under the patronage of General HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, HH Sheikh Mansour bin Zayed Al Nahyan, Minister of Presidential Affairs yesterday opened the new beach stretch along the Abu Dhabi Corniche. The opening ceremony was attended by HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince's Court, HE Dr Jawan Salem Al Dhaheri, Chairman of Abu Dhabi Municipal Affairs Department, ...  >>MORE


UAE national filmmaker takes second place at Rotterdam film festival
posted on 03/07/2008

The Emirates Foundation announced Wednesday that Bint Mariam won second place in the short film category at the Arab Film Festival held June 18-22 in Rotterdam. The film previously won second prize at the Gulf Film Festival in Dubai in April. Bint Mariam (Mariam's Daughter) is directed by local filmmaker Saeed Salmeen Al Murry and was filmed earlier this year in the Al-Jazeera Al-Hamra area of Ras Al-Khaimah. The production of Bint Mariam was funded entirely by an arts grant from the Emirates ...  >>MORE


Documentary festival to feature 20 films
posted on 03/07/2008

Dubai will host another first-of-its-kind film festival in the region called "Documentary Voices: Pulling Focus" – a film festival focusing exclusively on documentaries. It will open on Saturday. About 20 documentary films depicting various themes, including music, politics, war, peace and faith, will be screened and reviewed during the event. To be selected by a panel, the documentaries will be top-quality productions sourced from Arab countries, the US and Iran. Sheikh Majid bin Mohammed bin ...  >>MORE


College plans robotic replica of Ibn Seena
posted on 03/07/2008

Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research and the Chancellor of UAE University (UAEU), yesterday attended the opening of the Ibn Seena Media Centre at the College of Information Technology. The centre would display holographic images and robots that could behave like human beings. The aim of opening the new centre is to demonstrate the exciting technology that could bridge the real and the virtual world through perceptive models and interactive ...  >>MORE


Maktoum Foundation to publish Arabic Narrative Encyclopaedia
posted on 03/07/2008

The Mohammed bin Rashid Al Maktoum Foundation yesterday announced it will publish the world's first comprehensive 'Arabic Narrative Encyclopaedia', exploring, analysing and documenting the Arabic literary genre. The encyclopaedia, comprising seven volumes, will compile critical data on the development stages of the narrative genre of Arab literature and portray its salient features. The exhaustive body of work, scheduled for publishing before 2010-end, will be produced in collaboration with ...  >>MORE


Cultural body launches festival of classical music in Abu Dhabi
posted on 03/07/2008

A new classical music festival, titled Abu Dhabi Classics, was yesterday unveiled by the Abu Dhabi Authority for Culture and Heritage (ADACH). Abu Dhabi Classics will span over half a year -from October 24 this to May 7, 2009. According to ADACH Deputy Chairman Zaki Nusseibeh, the new festival will not quite take over the Abu Dhabi Music and Arts Festival or Al Ain Festival, which have so far been providing major classical concerts in the emirate of Abu Dhabi every spring. "We will work with ...  >>MORE


DHA unveil its new web site
posted on 03/07/2008

The Dubai Health Authority (DHA) yesterday unveiled a number of online initiatives to provide information on its ongoing transition programme. The DHA Director-General, Qadhi Saeed Al Murooshid, said, "Following the recent unveiling of our new logo, the launching of our new web site is the latest stage in the DHA's transition programme. The DHA web site provides a single point of reference for anyone wanting more information about our strategic review of the healthcare sector in Dubai. In ...  >>MORE


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