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Mohammed bin Rashid approves 20 strategic initiatives for Emirates Scientists Council

posted on 27/10/2016

With the aim of creating a conducive environment for innovation and scientific research in the country, and develop a generation of Emiratis scientists and researchers for the benefit of the country, Vice President and Prime Minster of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved 20 strategic initiatives for the Emirates Scientists Council.

"Our objective is to set our scientific and research priorities that serve our interests, cement our economy and build a future for our generations. We bet on young scientists to establish a national scientific and research platform," His Highness Sheikh Mohammed bin Rashid said.

"Scientists and academicians are partners of the government in facing the challenges, saving costs, and making people happy," he added.

His Highness Sheikh Mohammed also stressed the importance of the approved strategic initiatives as they offer a holistic scientific approach to achieve scientific excellence, hence ensure a global distinction for the UAE.

"We work today to develop a generation of UAE scientists able to compete for Nobel Prize in the next decades," he added.

His Highness made these remarks at a meeting he chaired of the members of the Emirates Scientists Council, in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; Lt. General H.H Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior; H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs; H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Foundation, and Mohammed bin Abdullah Al Gergawi, Cabinet Member and Minister of Cabinet Affairs and The Future.

Sara Al Amiri, chairperson of Emirates Scientists Council, praised the support of H.H. Sheikh Mohammed to scientists and researchers in the country, and said that the strategic initiative aims to come up with a scientific programme that prepares talented students to compete for Nobel prizes, sets up a national agenda for research which will be launched in 2017, UAE Scientific Challenges forums, Interactive national laboratories, the Mohammed Bin Rashid medal for Scientific Honour, and a national programme for discovering and developing the spirit for research. – Emirates News Agency, WAM -


Mohamed bin Zayed attends forum on moral education

posted on 27/10/2016

The United Arab Emirates has always cherished its identity and values, stemming from the teachings of Islam and from the rich traditions of its ancestors, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said on Wednesday.

This was stated during a forum held in Abu Dhabi for provisional accreditation and implementation of a moral education curriculum in the schools in UAE, which was attended by a number of ministers, representatives of government and educational entities, and a group of parents.

The moral education curriculum was launched by Sheikh Mohamed as a key element to develop and modernise education in the country.

The 'Moral Education Committee' presented the provisional accreditation and implementation plan of the moral education curriculum, which will be officially rolled out by September 2017. The pilot implementation will begin in January in 20 public and private schools.

Sheikh Mohamed was briefed on the curriculum, divided into four main pillars. These are character and ethics, individual and community, civic education and cultural education. The pillars contain more than 65 units, to be taught over a six-week period and through independent classes as part of the school's activities and cultural events.

Present were Hussain bin Ibrahim Al Hammadi, Minister of Education; Dr. Ali Rashid Al Nuaimi, Director-General of Abu Dhabi Education Council; Mohamed Mubarak Al Mazrouei, Under-Secretary of the Abu Dhabi Crown Prince's Court; Saif Ghobash, Director-General of Abu Dhabi Tourism and Culture Authority; Fatima Al Marri, CEO of the Dubai School Agency under the Dubai Knowledge and Human Development Authority, as well as the members of the committee.

The moral education curriculum is a result of collaboration among the Abu Dhabi Crown Prince's Court, Ministry of Education, Abu Dhabi Education Council, Dubai Knowledge and Human Development Authority and Abu Dhabi Tourism and Culture Authority.

Sheikh Mohamed also met with a group of parents who were involved in the development of the curriculum as key partners in the initiative.

"We look forward to the support of parents. Their role is pivotal as they represent the first line in instilling ethics and a positive attitude. Home and family are the cornerstone for raising and educating children," he said.

The success of this initiative hinges on the shared responsibility of the school, home, community and organisations, he also stated.

"The current challenges make it necessary for us to double efforts in developing the educational system and in boosting capabilities of our children through modern curricula and programmes, coupled with a solid foundation of ethics and manners, Sheikh Mohamed said while addressing the team."

"Our children face major challenges and it is our responsibility to prepare and protect them. We should not sit back and watch. We should rather race the even light, not only the wind, to ensure that our future generations are well prepared for more achievements and progress. History will judge us on what we did for our children and our people, because the real asset of the nation is its people," he added.

Sheikh Mohamed also expressed his confidence in the teachers who play an important role by being role models for students in proper ethical behaviour.

"For students, the teachers are beacons of motivation, not only in learning and understanding ethical and cognitive skills and values, but also in the way they practice them and embed them in their behaviour and attitudes," he added.

Sheikh Mohamed outlined the elements that complement moral education, which include the values drawn from a tolerant religion, from genuine traditions and from the values of humanity. – Emirates News Agency, WAM -


UAE media handles events professionally, says Sultan Al Jaber

posted on 27/10/2016

The UAE media deals in a realistic and professional manner with events keeping national interests in mind, Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State, Chairman of the Board of Director of National Media Council (NMC), has said.

The region experiences threats and risks, which prompt those in charge of the media to redouble their efforts to keep pace with changes and address challenges, he added "This ensures that the UAE remains an oasis of security, peace and a model of stability based on values of tolerance and happiness as per the aspirations of the leadership," Dr. Al Jaber added.

Dr. Al Jaber was speaking at the Media Forum on Risks and Threats at Emirates Centre for Strategic Studies and Research on Wednesday. The event was organised by the National Emergency and Crisis Management Authority in co-operation with the NMC.

"The forum is important amid rapid international developments and changes in a region awash with crises, and attempts to spread extreme ideas," he added.

Dr. Al Jaber said that the immense progress in the digital and social networking media has created a new situation. "These new media tools have become instrumental as an active part of the events and not just in coverage," he added.

The role of the media in tackling threats and risks should start with preventive measures and pre-planning to avoid crises, he said. This, he noted, requires maturity and awareness to prevent risks from turning into crises and catastrophes.

Dr. Al Jaber reiterated that this awareness also helps to reduce the intensity of a crisis by disseminating authentic information and refuting rumours and misguided ideas.

He hailed the role of the national media institutions in spreading such awareness and highlighting the country's progress in all sectors.

Dr. Al Jaber referred to the UAE's prestigious image, thanks to the directives and shrewd vision of the leadership.

The NMC is currently developing a crisis management strategy in co-operation with competent authorities, he said, and added that the council will continue to unify these efforts in a manner that serves higher national interests.

The UAE media policy keeps pace with the latest international developments in terms of communication and information, said Noura bint Mohammed Al Kaabi, Minister of State for Federal National Council Affairs.

While the media in general enhances communication with other cultures, the local media serves national and humanitarian issues based on transparency and credibility when addressing community issues and problems with constructive criticism, with emphasis on deepening the national allegiance, she stated.

Al Kaabi commended the UAE leadership's approach in dealing with the crises faced over the last two years during which the media covered the tours of senior officials to the scenes of incidents to clarify facts to the public by refuting rumours.

She cited the supervision of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, and H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, in extinguishing the fire that erupted at Ajman towers.

She also referred to the appearance of Sheikh Saif bin Zayed at the press conference to announce the Reem Island Ghost crime. Al Kaabi cited the participation of H.H. Sheikh Mansour bin Mohammed bin Rashid Al Maktoum in the extinguishing of the fire at Address Hotel Dubai, and the visit of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum to the scene of incident.

During the first session titled 'The Media Planning for Crisis and Emergency Management', Dr. Ali Rashid Al Nuaimi, Member of the Executive Council of Emirate of Abu Dhabi, Director-General of Abu Dhabi Education Council, Vice Chancellor of UAE University, stressed the role of the media in tackling crises.

Along with Dr. Al Jaber, the event was also attended by Minister of State for Federal National Council, Major General Mohammed Khalfan Al Rumaithi, Commander-In-Chief of Abu Dhabi Police, Member of Abu Dhabi Executive Council, and other senior officials. – Emirates News Agency, WAM -


Sawab Centre focusses on family in countering extremism

posted on 27/10/2016

The Sawab Centre, a joint UAE-US initiative to combat Daesh's online propaganda and promote positive alternatives to extremism, has announced the launch of its latest social media campaign which highlights the essential role of the family in countering the spread of extremism.

The three-day campaign will be conducted in Arabic and English on Sawab's Twitter, Facebook, and Instagram platforms and will employ the hashtag #YourFamilyIsYourLife.

As Daesh continues its steady retreat on the battlefield, the group has left in its wake countless families that have been damaged by the terrorist group's brutal tactics. In areas under the group's control in Syria, Iraq, and Libya, Daesh has kidnapped and enslaved young girls, forcefully separated mothers from their children, and conscripted young boys to serve as cannon fodder and suicide bombers.

Beyond these areas, the group has sought to dupe young men and women and lure them away from their families with the promise of an idealised life which never materialises. Often, Daesh instructs these vulnerable individuals to close themselves off utterly from their family members and to reject their parents and siblings. In the most extreme case, two Daesh supporters in Saudi Arabia were compelled by the group to murder their own mother.

Through its original videos and graphics, the Sawab Centre's campaign will highlight these examples of how Daesh has torn the fabric of the family, though the campaign will also reinforce that the family unit is resilient and can serve as a bulwark against Daesh's attempts to infiltrate the home, usually via the Internet.

The Sawab Centre campaign will also highlight the critical work being undertaken by international organisations as well as the Global Coalition Against Daesh to help repair the damage done to families, particularly among the internally displaced and refugees who have fled Daesh persecution in Iraq and Syria. In many cases, families have endured long periods of separation before finally being reunited due to the efforts of organisations such as the UNHCR, the International Organisation of Migration, and the Emirates Red Crescent.

This is Sawab Centre's twelfth proactive social media campaign. Other Sawab campaigns have focussed on the group's treatment of women and children, the importance of diversity, and the positive impact that youth can have on their societies.

Since its launch in July 2015, the Sawab Centre has actively sought to encourage governments, communities and individual voices to engage proactively to counteract online extremism. Over this time, the Centre has given voice to the millions of people around the world who oppose Daesh and support the Centre's efforts to expose the terrorist group's brutality and criminal nature. – Emirates News Agency, WAM -


Non-interference in affairs of other states is key to stability: UAE MP

posted on 27/10/2016

GENEVA: Non-interference in the internal affairs of another state and respect for its sovereignty, remains the key to security and stability in the region, a UAE Member of Parliament told the Standing Committee on Peace and International Security on the margins of the 135th IPU Assembly in Geneva.

The role of parliament in preventing interference in the internal affairs of sovereign states and inter-state constructive co-operation also play a role, the expert said.

'Despite efforts by the United Nations, UN, to ensure sovereign equality among states, the increasing interference in the internal affairs of sovereign states remain the main reason behind instability in many countries,' said Dr. Saeed Al Mahrazi, member of the Parliamentary Division of the Federal National Council.

Some of the Middle East countries were experiencing flagrant violations of this principle which, in turn, triggered a series of conflicts and crises, he stated.

Some countries in the region were spreading sectarian ideologies and adopting expansionist policies which led to discord among people on one nation, he noted.

Citing international statistics, he said more than 70 percent of conflicts were solved out of the UN fold and that 79 countries are currently locked in conflicts.

Participants affirmed that non-interference in the internal affairs of sovereign states is one of the fundamental principles of the Charter of the United Nations. However, it is frequently interpreted in unreliable ways.

The session addressed the principle of non-interference, the challenges and opportunities linked to the principle.

Panellists tried to answer a question about the role of parliaments in addressing the issue of outside interference, the kind of measures and actions parliaments can plan in terms of legislation, policy development, evaluation and oversight, in order to prevent outside interference.

They also discussed the impact of violation of this principle on the political social economic and social stability of countries, and warned that interference in internal affairs of other states could be used as a political and economic card to ratchet up pressure on other states. – Emirates News Agency, WAM -


Democracy and human rights committee at IPU approves UAE proposals

posted on 27/10/2016

GENEVA: The democracy and human rights standing committee at the Inter-Parliamentary Union, IPU, has endorsed the proposals on women empowerment submitted by the UAE Parliamentary Division delegation.

During the meeting, on the sidelines of 135th session of the IPU and 199th session of the IPU Governing Council, the participants acknowledged that though the women parliamentarians account for 21 percent of world parliaments as per the international statistics, more than double compared to 1995, women still face challenges, specifically from the dominant male culture that hinders full participation of women in politics.

The UAE Parliamentary Division called on the parliaments and public institutions to adopt programmes that ensure women do not get involved in terrorist acts, whether through recruitment or funding, or provision of information, or by contributing to such acts in any other form.

Many of the UAE proposals, which were approved by the committee, focus on the gender equality when it comes to formulation of policies and legislation to ensure the participation of women in all activities as per the UN Agenda 2030 for Sustainable Development Goals.

Such equal participation could help safeguard security and peace in communities, UAE Federal National Council Member, Afra Rashid Al Basti said.

The approval of the UAE's proposals reflects the major role played by women on equal footing with men, whether in the peace-keeping missions, prevention of conflicts and safeguarding international security and peace, she added.

The increasing participation of women in the political process all over the world has faced resistance, in the form of harassment, intimidation and violence, among others, the UAE official noted.

The UAE Parliamentary Division believes that parliament, which takes care of gender equality, is responsive to the needs and interests of both men and women in terms of its structures, operations, methods, regulations and constitutional functions, Al Basti said. – Emirates News Agency, WAM -


UAE inaugurates power station in Abyan, Yemen

posted on 27/10/2016

ABYAN: The first phase of Ju'ar power station in Abyan Governorate, Yemen, has been inaugurated by the UAE as part of its massive humanitarian, relief and development initiative to alleviate the suffering of the people of Yemen.

Abyan had been experiencing power outage for more than a year and half as a result of the destruction of the national power grid distribution system in Sanaa, Marib, Aden, Taiz and Abyan during the brutal war being waged by the Houthi-Saleh militias and the Al Qaeda terrorist group.

Ahmed Ali Daha, Director-General of Abyan Electricity, thanked the UAE for its prompt response to provide electricity to these areas.

He stated that power generators provided by the UAE would add 4 MW which would contribute to easing the suffering of people in the directorates of Khanfar and Zinjibar.


ERC delivers tugboat Al Mukalla port

posted on 27/10/2016

AL MUKALLA: The Emirates Red Crescent Authority, ERC, has delivered a new tugboat to the Yemeni port of Al Mukalla, as per the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, to provide continuous support to the people of Yemen.

The ceremony to mark the delivery of the boat was attended by Major General Ahmed Saeed bin Braik, Governor of Hadramout, Fouad Tayseer Al Rabaki, Deputy Chairman of Yemen Arabian Sea Corporation, and Khalifa Al Neyadi, Deputy Head of the Emirati Relief Team in Hadramout.

The Governor of Hadramout thanked the UAE and the ERC for the support, and said the tugboat would contribute to upgrading capacity and efficiency of the Al Mukalla Port, and enable it to handle the increase in vessel traffic.

Matar Al Ketbi, Head of the Emirati Relief Team in Hadramout, said the port of Al Mukalla faced difficulties during the past years, with only one-single-engine tugboat offering towing services to the different vessels that called on the port.

A proper training will be provided to the tugboat crew on operation systems and other technical aspects, he added.

Built in 2007, the 199-tonne new tugboat is 31 metres long, 9.5 metres wide, with a draft of 3.05 metres, and a 350 HP propeller. – Emirates News Agency, WAM -


Mansour bin Zayed attends signing of International road transport of passengers and goods agreement between UAE and Oman

posted on 27/10/2016

MUSCAT, 26th October, 2016 (WAM) -- H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Sayyid Khalid bin Hilal al-Busaidi, Minister of the Diwan of Royal Court, yesterday attended signing of the in International road transport of passengers and goods agreement between the UAE and Sultanate of Oman, at the Al Bustan Palace Hotel, Muscat.

The agreement is part of the distinguished relations and the two countries' desire to enhance co-operation in this field for the benefit of the two fraternal peoples and countries.

The agreement was signed by Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development from the UAE side and Dr Ahmed bin Mohammed bin Salim Al Futaisi, Omani Minister of Transport and Communications on the sidelines of the 18th session meeting held yesterday of the Oman-UAE Higher Joint Committee.

H.H. Sheikh Mansour bin Zayed Al Nahyan led the UAE delegation and the Omani side was led by Sayyid Khalid bin Hilal bin Saud al-Busaidi, Minister of the Diwan of Royal Court, with participation of a number of Ministers, officials and specialists from both sides.

The two sides discussed means of enhancing co-operation in areas of common concern, particularly those related to the economic and trade aspects, as well as activating co-ordination on their regard to push them forward to wider horizon to serve interests of the two fraternal countries and peoples. – Emirates News Agency, WAM -


Etisalat Group reports net profit of AED 6.2 billion in nine months of 2016

posted on 27/10/2016

The Etisalat Group has reported a net profit of AED6.2 billion for the first nine months of 2016, an increase of 9 percent compared to same period last year.

The consolidated financial statements issued yesterday show that consolidated revenues of the group amounted to AED13.2 billion and increased year-over-year by 3 percent. Similarly consolidated net profit after Federal Royalty amounted to AED1.9 billion, registering an increase of 16 percent after adjusting for the impact of sale of Sudanese fixed-line operator Canar.

The EBITDA, which is earnings before interest, tax, depreciation and amortisation, amounted to AED6.8 billion, representing an increase of 3 percent year-on-year and resulting in the EBITDA margin of 51 percent. The number of subscribers reached 162 million. The group also completed the sale of its shareholding in Canar Telecom in Sudan.

The group launched a new Digital Business Unit in the UAE under the name Etisalat Digital, and also announced first Data Balance Transfer Service beside the launch of its new ‘Etisalat Wallet' service in the UAE.

Saleh Al Abdooli, CEO, Etisalat Group, said, "The robust and constant growth of Etisalat Group is underpinned by our continued investments in next-generation services and solutions that add tremendous value to the communities we serve and enhance the customer experience. As a leading ICT provider in emerging markets, we are pushing our boundaries consistently, by not only responding swiftly to digital advancements, but also in proactively delivering cutting-edge services and solutions to our customers. Our first-mover accomplishments set us apart and make us the go-to overall service provider for customers, businesses and governments."

"We understand the aspirations of our customers, and that drives us to deliver innovative solutions to meet the demands of today's digital age. Today, we deliver the fastest speeds in the region through our 4G LTE network, and we are contributing to transforming the UAE as a global leader in Fibre-To-The-Home deployment by delivering high quality, high-speed connectivity for nearly 90 per cent of the country's populated homes. We have also made good progress on trials of our 5G network in the UAE, an investment that will enable our nation and our businesses to achieve transformational growth by leveraging the Internet of Things and The Cloud," he added.

"Investing in state-of-the-art infrastructure for the future and building intellectual capital, we are honoured to be one of the partners contributing in delivering the vision of our leadership. We are demonstrating our next-generation capabilities through our role as premium partner of the Expo 2020 Dubai, making the expo site one of the fastest, smartest and best-connected places in the world. We will continue to focus on creating the world's best networks in all the markets that we operate, and in delivering long-term value for all our stakeholders," he stated. – Emirates News Agency, WAM -


Over 80% of Dubai people are happy: Happiness Snapshot

posted on 27/10/2016

Eighty three percent of people in Dubai consider themselves happy today, and 95 percent predict that they will be happy in five years from now, according to a study released by the Smart Dubai Office at the first meeting of the "Happiness Champions" for the Smart Dubai Happiness Agenda.

Dr. Aisha bin Bishr, Director-General of the Smart Dubai Office, introduced the study, saying: "The Happiness Snapshot is the next step in our continual efforts to discover and measure people's happiness. We will use this data to achieve our vision for 95 percent happiness in Dubai by 2021, in line with the directive of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum."

"In Dubai, we believe that happiness can be achieved; that happiness can be measured, and that we can aid our leadership to positively impact happiness for the city, through science and technology," said Dr. Aisha.

"The Happiness Snapshot study collects valuable data on the beliefs and motivations of Dubai residents towards happiness in the city. In the near future, this data will be used by city leaders to guide decision-making on new projects and positively influence the happiness of people in Dubai," she added.

"The Happiness Snapshot supports the Smart Dubai Happiness Agenda to discover and create a common definition for happiness in Dubai, with a scientific framework to measure and impact happiness in our unique cultural landscape," she stated.

The announcement took place during the first meeting of the Happiness Champions for the Happiness Agenda by Smart Dubai.

Representatives from 13 government entities and the Smart Dubai Office gathered in Dubai for an interactive workshop to introduce the Happiness Champions to the Agenda, and inspire a creative dialogue on activities government entities can adopt to promote happiness through a scientific framework.

Speaking at the workshop, Dr. Aisha said: "Dubai is leading a citywide transformation to happiness that is unprecedented. To accomplish our vision, we must unite as a city. The Smart Dubai Office will collaborate with Happiness Champions from 13 government entities to lead our city through the Happiness Agenda and empower Dubai residents, business-owners and decision-makers to prioritise happiness."

"The Happiness Agenda is a global game-changer for Dubai, and our Happiness Champions are on the front lines of this initiative.Each Happiness Champion has been nominated by their Director General for their proven commitment to impacting positive city experiences, and consistent dedication to the vision of happiness in Dubai," she said.

"In the first workshop, the Happiness Champions have been equipped with the scientific framework and tools to begin measuring and changing happiness for the city." Dr. Aisha added.

The Smart Dubai Happiness Agenda was adopted by His Highness Sheikh Mohammed bin Rashid Al Maktoum earlier this year to guide Dubai's smart city transformation to positively impact happiness in Dubai through a science-backed and methodical approach, organised in four strategic portfolios to discover, change, educate and measure happiness for the city.

The Happiness Agenda will discover basic and higher needs, formalise definitions and establish a cultural baseline for happiness in Dubai; influence policies and recommend approaches to focus the city and people on happiness; build awareness, teach self-reflection and influence the city to prioritise happiness; and research, formulate and implement a predictive happiness impact score and citywide index. – Emirates News Agency, WAM -


Abu Dhabi's non-oil foreign trade soars to over AED84 billion in H1, 2016

posted on 27/10/2016

Abu Dhabi's non-oil foreign trade through various customs ports was AED84.349 billion, registering an increase of AED59 million compared to the same period last year, according to the General Administration of Customs Abu Dhabi.

The value of imports reached AED57.363 billion and exports reached AED17.305 billion, representing a 2.9 percent increase compared to the same period last year. The value of re-exports was AED9.681 billion, an increase of 7.5 percent.

Mohammed Khadem Al Hameli, Acting Director-General of the General Administration of Customs Abu Dhabi, said, "In line with the strategic vision to promote economic growth and prosperity, Abu Dhabi Customs continuously seeks to facilitate and accelerate customs' procedures and operations across the emirate's different ports. This helps in maximising Abu Dhabi's economic competitiveness and increases its attractiveness to foreign investment. Also, Abu Dhabi Customs is committed to developing its e-Systems to become ‘smart', and continues to identify new ways of collecting customs' revenue in line with its significant role to help achieve Abu Dhabi's strategic objectives and in accordance with the highest international standards."

He added, "Abu Dhabi Customs plays an active role in maintaining a secure and prosperous society and protecting the environment. The administration is also committed to enhancing inspectors' skills by providing the necessary training programmes, and providing them with advanced electronic and smart services to support their performance."

The value distribution of imports across sea, air and land customs ports was AED32.653 billion, representing 57 percent of the total value of non-oil imports.

The value of non-oil exports through sea customs ports was AED10.193 billion, 59 percent of the total exports, through airports it was AED3.242 billion, 19 percent, while the value of exports through land borders was AED3.870 billion, or 22 percent of the total value of non-oil exports. Major products under the non-oil exports category included plastic, rubber, copper and aluminum.

The value of distribution of re-exports through airports was AED7.490 billion, or 77 percent of the total value of re-exports. Through seaports, the value was AED1.155 billion, representing 12 percent of the total value, and re-exports through land borders reached AED1.036 billion, or 11 percent of the total value of re-exports. – Emirates News Agency, WAM -


UAE Central Bank announces M2 increase to AED1200.2 billion

posted on 27/10/2016

The UAE Central Bank has announced that the Money Supply aggregate M2 increased by 1.4%, from AED1183.9 billion at the end of August 2016 to AED1200.2 billion at the end of September 2016.

The bank also announced that Money Supply aggregate M1 decreased by 0.2%, from AED473.3 billion at the end of August 2016 to AED472.5 billion at the end of September 2016.

The Money Supply aggregate M3 also increased by 0.8%, from AED1357.1 billion at the end of August 2016 to AED1368.6 billion at the end of September 2016.

The decrease in M1 was mainly due to decrease of AED0.9 billion in Monetary Deposits. The increase in M2 was mainly attributed to an AED17.1 billion increase in Quasi-Monetary Deposits. M3 increased owing to an increased M2, which overshadowed an AED 4.8 billion decrease in Government Deposits.

Gross bank assets, including bankers' acceptances, increased by 1.3%, rising from AED 2518.6 billion at the end of August 2016 to AED 2550.1 billion at the end of September 2016. Gross credit increased by 1.1%, rising from AED1548.5 billion at the end of August 2016 to AED1566.0 billion at the end of September 2016.

During September 2016, total bank deposits increased by AED30.2 billion due to AED11.4 billion and AED18.8 billion increase in Resident Deposits and Non-Resident Deposits, respectively. – Emirates News Agency, WAM -


Historic win for UAE team at the 'F1 in Schools' World Finals 2016

posted on 27/10/2016

A team of students from Dubai picked up a coveted award in the finals of the international design competition, 'F1 in Schools, The Formula One STEM Challenge'.

Created to instill excellence in science, technology, engineering and mathematics, STEM, the annual competition challenges students from all over the world to create their own Formula 1 team, which then designs, constructs and races scale model cars.

The ‘Knighthawks' team from the Indian High School in Dubai won the 'Best Engineered Car Award', sponsored by Williams Racing.

The victory took place in Austin, Texas, after three days of intense competition. A total of 23 awards were presented at the Celebration Gala Dinner attended by a star-studded audience of Formula 1 team representatives, drivers and paddock personalities.

The Best Engineered Car Award covers all aspects of engineering design, manufacture, quality and specification compliance, and is usually won by the World Championship-winning team. The Knighthawk's entry beat its rivals, enabling them to walk off with the trophy.

The team also won the Research and Development award, sponsored by McLaren-Honda, for outstanding research that translated into design improvement and technical development of the car.

Narrowly missing on a podium place by only 20 points, the historic performance of the Knighthawks meant that they finished sixth overall out of 39 teams from 23 countries, an unprecedented result for a UAE school at the annual event.

Also flying the flag for the UAE were Repton School's ‘Team Impulse', the youngest ever team to appear at the World Finals. The team managed to score equal first place on points in car scrutineering, being one of only two teams achieving a specification score. However, they lost out to ‘Fast Tech Crew' from Germany in the tie-break.

Team Impulse placed 24th out of 39 overall, a superb result considering their ages, managing to beat many older and more experienced students.

Paul Bray, F1 in Schools Manager at Yas Marina Circuit, said, "This is a fantastic win for the Knighthawks and a great performance from Team Impulse. They should both be very proud of their achievement. To walk off with the most technically demanding award at this global event means that the UAE's schools are becoming a force to be reckoned with in this competition. I look forward to an even more impressive showing in 2017."

F1 in Schools challenges students to create their own Formula One team which is commissioned to design, construct and race the fastest miniature Formula One Car of the Future, a 21cm long scale model built from the F1 in Schools model block and powered by a compressed air cylinder. Each team of between three and six students creates a ‘pit' display and showcases their work in developing their race car. At the World Finals, each team brings along a pit display, their cars and portfolio, as well as a prepared verbal presentation for the judges. The cars race on a 20 metre track, with the cars covering the necessary measured distance in around one second.

The F1 in Schools World Finals 2016 took place with the assistance of a host of supporters, including Formula One Management, Circuit Of The Americas, The Institution of Engineering and Technology, Autodesk, City University London and UCL Engineering. – Emirates News Agency, WAM -