posted on 20/04/2017
President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a cable of condolences to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, in which he expressed his sincere condolences on the martyrdom of a number of officers and non-commissioned officers of the Saudi Armed Forces while performing their national duty as part of coalition forces supporting the legitimacy in Yemen. The officers lost their lives on Tuesday when a military helicopter they were in crashed in the Marib Province, east of the capital, Sanaa.
His Highness also asked Allah Almighty to rest their souls in peace and bestow solace and patience on their families.
Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, sent similar cables of condolences to the Custodian of the Two Holy Mosques. http://wam.ae/en/details/1395302609553
posted on 20/04/2017
The United Arab Emirates, UAE, today denounced the terrorist bombing that took place at a convoy of the Emirates Red Crescent in the Somali capital city of Mogadishu earlier today.
No human casualties or losses were caused by the terrorist bombing.
In a statement, the UAE Ministry of Foreign Affairs and International Co-operation, reiterated the UAE's support for the government and people of the Somalia.
The Ministry further stressed that "such terrorist acts will not deter us from extending help and assistance to Somalia while it is undergoing a critical humanitarian situation. http://wam.ae/en/details/1395302609387
posted on 20/04/2017
Abu Dhabi Fund for Development, ADFD, has announced a contribution of AED330 million to implement development projects and programmes in key sectors in Somalia, particularly infrastructure and transport.
The contribution underpins efforts to improve public services, create new job opportunities and ensure stability and social development. This contribution aims to help Somalia overcome the economic challenges it faces through financing sustainable projects which in turn promote socio-economic wellbeing, alleviated living standards, long-term growth and prosperity.
The initiative is earmarked to finance infrastructure works and strengthen transportation networks. ADFD's support will stimulate construction efforts, expand and rehabilitate roads, build bridges and ultimately increase efficiency in the movement of goods and products across Somalia.
Since its inception in 1971, ADFD has financed development projects valued at AED80 billion in more than 80 countries around the world. The fund focuses on projects that are designed to enhance key sectors including renewable energy, transport, infrastructure, agriculture, mining, industry, health care, social services, housing, water and electricity. http://wam.ae/en/details/1395302609362
posted on 20/04/2017
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has sent a cable of condolences to Adel bin Ahmed Al-Jubeir, Saudi Minister of Foreign Affairs, on the martyrdom of 12 military officials of the Saudi Armed Forces while performing their national duty as part of coalition forces supporting the legitimacy in Yemen.
In his cable, Sheikh Abdullah expressed his heartfelt condolences and sympathy to the government and people of the Kingdom of Saudi Arabia, praying to Allah Almighty to rest the martyrs' souls in peace, and bestow patience and solace on their families. http://wam.ae/en/details/1395302609563
posted on 20/04/2017
SHABWAH, YEMEN: The Emirates Red Crescent, ERC, today inaugurated the Bi'ir Ali School in the Shabwah Governorate, as part of ongoing projects to rebuild vital infrastructure and facilities, especially in the education sector, and enhance the capabilities of liberated areas in the governorate which is suffering from difficult economic conditions due to the war waged by the Houthi coup militias.
In a statement on the occasion, Abdullah Al Musafri, Head of the ERC team, said that the UAE leadership places a high priority on building the education sector in Yemen, as it plays a major role in restoring hope and re-building the state. Al Musfari added that the opening of the school is also part of UAE efforts to construct, maintain and rebuild Shabwah's infrastructure in all areas.
Local council and education officials expressed their sincere thanks and appreciation to the UAE for its generous and continuous support of the people of Shabwah. http://wam.ae/en/details/1395302609573
posted on 20/04/2017
Mubadala Capital, the financial investment arm of Mubadala Development Company, today announced a transaction with Ardian, the independent private investment company. Ardian has committed US$2.5 billion to the transaction through a secondary/primary structure. The secondary component involves Ardian acquiring an interest in an existing Mubadala Capital managed private equity portfolio. The primary component involves Mubadala Capital's establishment of a new private equity fund, in which Ardian will be a lead investor. This transaction marks the first time Mubadala Capital has accepted capital from third party investors, a significant milestone in the continued growth and development of its business.
The secondary portfolio is comprised of an existing $2.5 billion private equity pool of Mubadala Capital owned and managed assets that includes 14 LP interests in predominantly North American buyout and growth funds, and 14 direct investments, including a number of co-investments alongside renowned GPs. Ardian has acquired a majority stake in the portfolio with Mubadala Capital retaining the remaining interest.
Mubadala Capital has also established a new $1.5 billion private equity fund with equal primary capital commitments from Mubadala Capital, and Ardian. Mubadala Capital will invest the new fund using the same value-oriented investment strategy that was used to create the secondary portfolio. This strategy involves an integrated approach to making direct investments, co-investments and fund commitments, primarily in North America and Europe. The focus will continue to be on partnering with best-in-class management and investment teams across multiple sectors, including sports, media, entertainment, consumer food, energy infrastructure and others.
Mubadala Capital, which is registered within Abu Dhabi Global Market, ADGM, the international financial centre in the UAE capital, was established in 2011 to create a global asset management platform based in Abu Dhabi, and it has been investing in private equity since its inception. Mubadala Capital may take on third-party capital for other areas of its business in the future.
Waleed Al Mokarrab Al Muhairi, Deputy Group CEO and Chief Executive Officer of the Emerging Sectors platform at Mubadala Development Company, said, "Managing funds on behalf of third-party investors is both an endorsement of our strong investment track record and part of a longer term strategy to further institutionalise the Mubadala Capital platform. We couldn't be more pleased that Ardian is our lead investor as Ardian is a world-class investment firm that shares our perspective on value creation, and we look forward to building a long-term relationship with their organisation."
Vincent Gombault, Member of the Executive Committee, Head of Funds of Funds and Private Debt at Ardian, said, "This deal represents one of Ardian's largest transactions with a sovereign wealth fund. We look forward to developing our relationship with Mubadala Capital, and continuing to support their team going forward." http://wam.ae/en/details/1395302609568
posted on 20/04/2017
ADEN: The Arab Coalition to Support Legitimacy in Yemen destroyed a Katyusha rocket platform belonging to the Houthi and Saleh coup militias in western Yemen.
"The coalition's aviation launched a series of raids against Houthi and Saleh coup militias' sites in the city of Midi in the Hajjah Governorate," according to a statement issued by the media centre of the fifth military area of the Yemeni army.
According to the statement, the raids targeted a vehicle loaded with ammunition and a patrol loaded with Houthi militants. The Katyusha platform was destroyed in al-Khadra area in southern Midi. http://wam.ae/en/details/1395302609514
posted on 20/04/2017
Under the patronage of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the Sheikh Zayed Grand Mosque Centre, SZGMC, in collaboration with Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, is organising an exhibition entitled "Hajj: Memories of a Journey", which will open to the public on September 20th, 2017.
"Hajj: Memories of a Journey" is being organised in celebration of the centre's 10th anniversary, and to further consolidate its cultural and enlightening role.
Telling the story and history of Makkah, and the rituals of Hajj as one of the five fundamental pillars and practices in Islam, the exhibition will bring to life the profound significance of the sacred practices, while also underlining the evident attributes of tolerance, equality and the vast diversity to be found in Islam.
The exhibition will be held on the grounds of Sheikh Zayed Grand Mosque, one of the most prominent and leading landmarks of culture and intellectual exchange in the UAE. The iconic mosque is widely visited by five million people annually to explore its unique architectural aesthetics, the stories of its construction and its distinct collections, making it the world's second favourite landmark in the world in 2016, according to a list compiled by TripAdvisor.
Hajj: Memories of a Journey exhibition derives its perception from the nation's founding father, the late Sheikh Zayed bin Sultan Al Nahyan, may Allah rest his soul in peace, founder of the UAE's own Hajj journey in 1979. It also coincides with SZGMCs celebration of its 10th anniversary, reflecting on the first prayer congregation held at the Mosque in 2007, the Eid al-Adha prayer, which in turn highlights the significance of the exhibition and associates one of the major pillars of Islam with the memory of its establishment as a true testament of what this great edifice signifies.
The exhibition also represents SZGMC's mission to highlight the humanitarian virtues of co-existence and tolerance promoted by the late Sheikh Zayed, and will also emphasise the experience of Emirati pilgrims over the years, using oral histories and some of the earliest photographs and archive materials, illustrating the old routes and paths taken by pilgrims to Makkah from the UAE and the rest of the world, as well as the many challenges they faced during their travels.
The upcoming exhibition will display objects from major public and private collections, both from the UAE and from other countries around the world. Through a showcase of artefacts, historic photographs, multi-media displays and commissioned contemporary installations, "Hajj: Memories of a Journey" will unfold a rich and engaging narrative charting the history and cultural context for this spiritual pilgrimage. It will also offer a number of public programmes and educational workshops inspired by the exhibition's concept and message.
Ahmed Juma Al Zaabi, Deputy Minister of Presidential Affairs and Board Chairman of the SZGMC, said, "The exhibition arose from the centre's vision. It was also inspired by the doctrines of our Islamic faith and the humanitarian and cultural virtues established by the nation's founder, Sheikh Zayed bin Sultan Al Nahyan, may he rest in peace."
Mr. Al Zaabi continued, "The centre's emotive value by far exceeds its artistic and architectural value, making it one the most prominent landmarks in the world. Since its establishment in 2007, the centre has become a leading cultural and spiritual destination, serving as a beacon of intellect and reason through its various programmes and activities".
"By displaying historical artefacts and important documentation, SZGMC aims to underline the noble values that relay the significance of the journey of Hajj, and to convey a comprehensive image of this journey from the time Islam first evolved in the Arabian Peninsula to date. The centre clearly expresses the profound place it holds in the life of each and every Muslim in the UAE and in the entire world."
Mohamed Khalifa Al Mubarak, Chairman of TCA Abu Dhabi, said, "Millions of Muslims descend on Makkah every year from all around the world to take part in rituals that bring them together in humility and unity, while reviving some of the deepest Islamic and cultural connotations. The significance of the "Hajj: Memories of a Journey" exhibition stems from these qualities of solidarity and the wide cultural dialogue, fostered by the fifth pillar of Islam.
"SZGMCs initiative to organise the exhibition in collaboration with TCA Abu Dhabi will represent the monumental influence Hajj had on numerous cultures, united by faith throughout the centuries. It will also feature objects ranging from historical artefacts to contemporary artworks, some never before exhibited." Mr. Al Mubarak added.
The exhibition will also highlight the exceptional experience by appreciating Sheikh Zayed's own Hajj journey. This will introduce the public to the devotional and humanitarian aspects and legacy of his life, which President His Highness Sheikh Khalifa bin Zayed Al Nahyan, may Allah bless him, maintains through values of tolerance, moderation and cultural exchange.
"Hajj: Memories of a Journey" offers the public an opportunity to glance into the historical data and documents, and recounts the story of the early spread of Islam at various historical sites in the Arabian Peninsula. The exhibition will also refer to various verses and texts from the Holy Quran as well as the five pillars of Islam, which are concluded by Hajj and its sacred rituals.
"Hajj: Memories of a Journey" will begin with an exploration of the historical progression of the arrival and adoption of Islam in Arabia and evidence of the earliest centuries of Islamic practice, through key studies and archaeological sites in the United Arab Emirates. It will focus, too, on the significance of the Holy Quran, as a text divinely revealed to the Prophet Mohammed (PBUH).
Another special feature of the upcoming exhibition is that also on display will be a collection of the Kaaba's coverings, or ‘Kiswah', from different historic eras, along with a collection of both public and private historic pictures from the UAE and other countries.
The exhibition bases its narrative on archived material, such as artefacts, historical images, documentaries, and rare transcripts, besides a variety of contemporary modern art and oral narrations that document the history of the sacred journey. The exhibition will also offer a series of public programmes and educational workshops, inspired by the concept of the exhibition and its message, told through many means. http://wam.ae/en/details/1395302609550
posted on 20/04/2017
A joint meeting including all charitable and humanitarian organisations and institutions in the country was held on Wednesday to set a joint mechanism to achieve "For You Somalia" campaign.
The meeting, held at the main headquarters of the Emirates Red Crescent, ERC, is part of the campaign aimed at providing assistance for the famine-affected Somalis. ERC announced the beginning of the campaign at the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, support of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the ERC.
ERC's Secretary-General Dr. Mohammed Atiq Al Falahi conveyed the greetings of Sheikh Hamdan bin Zayed to the heads of charitable and humanitarian organisations and associations in the UAE. He also said that the participants stressed the importance of enhancing the role of the country in humanitarian and charitable work across the globe to provide assistance to the underprivileged affected by catastrophes and disputes, as well as urgent relief for the fraternal people of Somalia to eliminate the repercussions of famine.
Al Falahi added that the campaign aims to reconstruct Somalia, and representatives of the humanitarian organisations emphasised the importance of setting a work plan and outputs to implement the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan.
Representatives of Al Maktoum Foundation, Sharjah Charity International, Fujairah Welfare Association; Islamic Affairs & Charitable Activities Department in Dubai, Dubai Charity Association and other charitable organisations attended the meeting. http://wam.ae/en/details/1395302609499
posted on 20/04/2017
The Sharjah Chamber of Commerce and Industry (SCCI) is participating at the International Exhibition of Hanover Messi 2017, one of the world's largest industrial and technology innovation events, which will take place from April 24-28 in Hanover, Germany.
The pavilion, led by the Ministry of Economy and the Department of Economic Development in Abu Dhabi, comprises a number of industrial institutions, governmental and semi-governmental bodies, as well as a number of leading private sector institutions.
The Hanover Messi exhibition is the largest industrial exhibition in the world. It is set to attract more than 250,000 visitors, businessmen and officials from all over the world.
Khalid bin Butti Al Hajri, Director -General of Sharjah Chamber of Commerce and Industry, said, "The Chamber's participation in this important international industrial event stems from its keenness to keep abreast with the latest industrial developments, harness economic opportunities and learn about the latest industrial technology."
The participation also comes within the strategy of the chamber to strengthen the industrial sector in the Emirate of Sharjah, he said. http://wam.ae/en/details/1395302609485
posted on 20/04/2017
More than 100 companies from across the world are participating in the 11th Abu Dhabi Cityscape 2017, now running in the UAE capital, with industry reports expecting the event to drive momentum for the property sector in Abu Dhabi in particular and across the country in general.
According to Rashid Al Baloushi, CEO of ADX, the state of optimism created by the premier platform is quite justifiable on account of the role played by the property market, being a significant enabler not for the financial markets only, but for the tourist, transport, trade and investment platforms as well.
The impressive turnout witnessed by the event is a testament to the emirate of Abu Dhabi's ability to organise successful exhibitions that reflect the growing stature of the emirate and considerably contribute to the country's national economy, he added.
This year's participants included new players in the real estate markets, including Al Abbar Group, Tiger Property, Dubai Investments Real Estate Company, Abu Dhabi Holding, Hydra Properties, and RAK Properties along with a number of leading property companies that have earned the event an edge over other similar platforms in the region. A number of key international real estate companies from Turkey, UK, Maldives, Azerbaijan, Bosnia, Canada, China, Herzegovina, Cyprus and Portugal are also participating, giving the event a further international acknowledgement.
New economic developments at the real estate industry in terms of prices, and supply of diversified types of property and financing are among the issues being discussed during the event.
Companies participating in the event have shown noticeable tendency to offer wider options at more affordable prices in line with the prevailing market conditions, with an emphasis on smaller units that are diversified by geography and total spaces.
Launching fresh property investments in UAE free zones, five of which are located in the capital Abu Dhabi, account for part of the debates during the event.
ADX CEO has expressed belief that the considerable fall in real estate prices drives medium and long-term investments in Abu Dhabi real estate sector, highlighting the myriad advantages boasted by the real estate platform, including predictability and high returns.
The overall economic performance in the Emirate of Abu Dhabi reflects the high growth potential boasted by the emirate and the international credibility enjoyed by the economy of the country which has been recently boosted by the relative stability in the international oil prices, Al Baloushi added.
He highlighted the impressive role played by a series of economic partnerships that have been reached over the past period in implementation of the Abu Dhabi 2030 Vision.
"The new real estate legislation introduced by the Emirate of Abu Dhabi in areas of credit and mortgage will definitely enhance the real estate sector's competitiveness, are expected to reflect positively on the real estate, tourist, transport, and trade sectors, therefore translating the objectives for which Cityscape has been organized for, " added Al Baloushi. http://wam.ae/en/details/1395302609452
posted on 20/04/2017
The first branch of the UAE Foodbank opened in the Al Quoz area in Dubai. During the opening ceremony, H.H. Sheikha Hind bint Maktoum bin Juma Al Maktoum, Chairperson of the UAE Foodbank Board of Trustees said, "I am extremely proud to see the first branch open only three months after the announcement of the UAE Foodbank initiative in January. The site is equipped with all the necessary technical and logistical amenities to provide support and sport the launch of the foodbank's operations."
H.H. Sheikha Hind bint Maktoum praised the efforts put into ensuring the success of the UAE Foodbank, and into reflecting Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum's vision to introduce a sustainable humanitarian framework that encourages philanthropic participation from the community, and ensures that no one goes hungry.
"The UAE Foodbank represents one of the most humanitarian values in the UAE, and is well on its way to becoming one of the country's largest humanitarian institutions, widely spreading the culture of giving within a sustainable institutional framework," she added.
Her Highness also stressed the importance of the community working together to grow the UAE Foodbank and to garner young volunteers who can collect, store and package food within the approved safety standards, therefore instilling altruism deep in their core. She continued, "The culture of volunteering and giving back to the community is important for the new generation to embrace, and the UAE Foodbank is a perfect opportunity for them to do so, and hence keep the legacy of the UAE's founding fathers alive, ensuring that the country remain one of the most generous in the world".
Hussain Nasser Lootah, the Acting Director-General of Dubai Municipality and the Deputy Chairman of the UAE Foodbank Board of Trustees said, "The UAE Foodbank, under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives, is of particular importance as it seeks to weave humanitarianism into the social and cultural fabric of the UAE. The foodbank will give many people and institutions the opportunity to volunteer and actively participate in the process of giving food at all stages, from collecting, to storing, to packaging and then distributing food to those in need."
Lootah continued, "This first operational foodbank represents the overall performance of our endeavour, we will closely monitor all its operations, making amendments where necessary, and providing a benchmark for the many other branches that we hope to see opened across the UAE and surrounding countries."
His Highness Sheikh Mohammed bin Rashid Al Maktoum dedicated his 11th Accession Day in January to the UAE Food Bank, which was launched under the umbrella of the #Year of Giving, and which aims to optimise food usage and reduce food waste in the UAE, with the aim of helping Dubai become the first city in the region to achieve zero food waste. http://wam.ae/en/details/1395302609429