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NBAD reports Dhs1.4bn in Q1 profits
National Bank of Abu Dhabi (NBAD) has reported pre-tax profits of Dhs1.46bn for the three months to the end of March, compared with Dhs1.07bn in the same quarter a year ago. Net interest income rose to Dhs1.46bn from Dhs1.39bn and net fee and commission income climbed to Dhs414.3m from ...
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UAE 7th preferred location in the world for foreign assignments
(MENAFN) Mercer's, a human resources and financial consulting firm, information solutions leader for the Middle East, Nuno Gomes, stated that the UAE is the world's seventh most popular destination for international assignments, reported The National.Gomes also said that the top location preferred by companies to transfer staff overseas for a set period to was the USA. 55 percent of ...
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UAE- TDIC sells 285 apartments to MPREI venture
(MENAFN) Mubadala Pramerica Real Estate Investors (MPREI) joint venture's chief investment officer, Joe Bonner, stated that the JV bought 285 apartments of Saadiyat Beach Residences from UAE's Tourism Development and Investment Company (TDIC), reported The National.Bonner also said that the MUbadala half-owned MPREI purchased the whole first phase of Saadiyat Beach Residences gated ...
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Kazakhstan- Arabtec-led joint venture awarded USD1b project deal
(MENAFN) Managing Director and CEO of Arabtec Holding, Jasan Abdullah Ismaik, stated that a joint venture led by Arabtec won a USD1.08 billion contract to build a project for Aldar Properties in Kazakhstan, reported Arabian Business.The CEO of the Dubai-based contractor also said that the project was called the Abu Dhabi Plaza and will be built in the city of Astana. It is planned to be ...
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Etihad Airways Serbia sign IMU discuss JatAirways stake
(MENAFN) President and Chief Executive Officer of Etihad Airways, James Hogan, stated that the UAE-based airline signed an Initial Memorandum of Understanding (IMU) with the Serbian government regarding buying a stake in JatAirways, reported Emirates 24/7.Hogan also said that the anticipated collaboration will integrate the networks of the two airlines as well as help JatAirways build revenue, ...
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What’s Arabic for wordsmith Abu Dhabi schools to introduce Scrabble
Playing word game scrabble to develop one’s language skills is clearly a unique exercise. And it’s one that Abu Dhabi Education Council (Adec) is keen on introducing into public school classrooms to help students grasp Arabic language better and improve their vocabulary. The project will be introduced for Grade 6 students as an extracurricular learning resource for the academic ...
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MAF Dalkia signs Abu Dhabi Airports Co contract
MAF Dalkia secured a contract with Abu Dhabi Airports Company PJSC (ADAC) to provide a full range of services across four of their airports in the UAE. The three-year contract will see MAF Dalkia providing a full scope of project management, hard (technical) services, security systems and energy-saving strategies to ADAC’s Abu Dhabi International Airport, Al Bateen Executive Airport, Abu ...
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Thondi Tamil Nadu India Friday June 14 2013 —
Branch in Thondi. The new branch was inaugurated on Wednesday, June 12, 2013, by Mr. S Syedali, Head of Muslim Jamath of Thondi in the presence of eminent guests including Mr. Srivenkatesh, Branch Manager of State Bank of India and Mr. S Swaminathan, Madurai Regional Head of UAE Exchange. The function was graced by well wishers, customers, and media fraternity. Thondi ...
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UAE’s deadliest crash Lorry driver ordered to pay Dh4.2m in blood money to …
AL AIN // A lorry driver involved in a road crash in which 21 people died has been ordered to pay Dh4.2 million in blood money, fined Dh52,000 and sentenced to a year in prison. He was found guilty of manslaughter, causing unintended harm and tailgating. Judge Shafie Khater Al Nil Khater ordered him to pay blood money of Dh200,000 to the ...
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Agreement inked to develop Dubai as world’s fashion hub
The General Secretariat of the Executive Council of Dubai recently signed a Memorandum of Understanding (MoU) with the Dubai Technology and Media Free Zone Authority (DTMFZA) to create and develop 'Dubai Fashion 2020.' The strategic plan will support Dubai's and the wider region's design and fashion industry as it seeks to match the emirate's economic growth ...
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Emirates launches first EGBC Awards in 8 categories to honour excellence in sustainability initiatives.
Emirates Green Building Council has announced the inaugural EGBC Awards to honour excellence in sustainable built environments and to recognise innovative ideas that contribute to ...
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Umm al-Qaiwain Crown Prince receives Swedish Ambassador
WAM UMM AL-QAIWAIN ,June 17th, 2013 (WAM) -- H.H. Sheikh Rashid bin Saud bin Rashid Al Mu'alla, Crown Prince of Umm al-Qaiwain, today received the Ambassador of the Kingdom of Sweden to the UAE, Max Pure, who paid a courtesy call to the Emiri Court at the beginning of his tenure in the country. Sheikh Rashid welcomed the envoy and wished him success in his new assignment. During the ...
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Inventors from UAE fold away patents
DUBAI // Three Emirati inventors have created folding mechanisms that will improve new generation of tablets and smartphones with flexible screens. Wasfi Alshdaifat, his wife Eida Almuhairbi, and Farah Qassab developed two designs and have taken the first step towards having them patented worldwide. Samsung displayed a flexible smartphone at the Consumer Electronics Show in Las Vegas in ...
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Obesity under discussion at presentation
ABU DHABI: The weighty issue of obesity is the subject under discussion at a presentation being held at Shaikh Khalifa Medical City (SKMC) managed by Cleveland Clinic tomorrow ...
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Bio-security tightly linked to UAEs vision of the future
Besides the ecological footprint and natural resource development, bio-security is among the top issues on the UAE's environment agenda, the Minister of Environment and Water said yesterday, according to Wam, the news state agency. "These issues are tightly linked to the UAE's vision for the future and to the government's strategic plan," Dr Rashid bin Fahad said in his ...
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Praise for UAEs efforts on human rights protection
ABU DHABI // Representatives of the European Commission yesterday praised the UAE's efforts to build on the protection of human rights, create awareness of human rights issues and spread a culture of protection. Commission delegates met members of the Emirates Association for Human Rights at the association's headquarters in Rashidiya, Dubai, where they were briefed on various ...
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End to Moroccan footballers 5-year UAE nightmare
ABU DHABI // A young footballer from Morocco who came to the UAE dreaming of a professional sports career found himself cheated out of his family's savings, set on fire and jailed for a murder he did not commit. Fouad Al Mkaissi was 25 when he arrived in 2006 hoping to catch the eyes of talent scouts of the nation's football clubs. Little could he have known then that within two years ...
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UAE navy getting remotely controlled patrol boats
The three unmanned boats, developed by Al Seer Marine for security and civilian operations, will be ready to operate in UAE ports by August. Courtesy Al Seer ...
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Technical answer to UAE personnel shortage
ABU DHABI // The Navy is investing in technologically advanced vessels to better secure its waters. Rear Admiral Ahmed Al Sabab Al Teneiji, the former chief of the Navy, has highlighted the role of technology in overcoming manpower challenges faced by developing nations. "Manpower in the UAE is constrained, and not just in the Navy," he said at a maritime security conference in the ...
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Kerala draws its UAE migrants home
DUBAI // Indian workers are leaving the UAE and other Arabian Gulf states because they can now earn the same wages at home. A study of 1,200 households in the south Indian state of Kerala found that about a quarter of people who had returned home said "low wages, no visible increase in their economic status, ill health due to long working hours and better remuneration for the same jobs ...
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UAE weather Warning over dust levels in the air as vulnerable told to stay …
ABU DHABI // Air-quality experts have issued a warning over dust levels in the air. There were large dust storms on 31 days in 2012, up from 25 days in 2011. On 129 days, about a third of the year, the amount of dust in the air was higher than the Environment Agency Abu Dhabi considers safe ...
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School bus fee increase sparks concern
"They informed us through a circular they sent out stating that they had doubled the price of the bus fees and they said that the reason for the increase was because they had outsourced to another company," Shoaib ...
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Abu Dhabi abattoirs get ready for the holy month rush
ABU DHABI // Preparations for Ramadan and Eid are in full swing at slaughterhouses, which experience a huge increase in business during the month. "This Ramadan more than 60,000 cattle are expected to be slaughtered during the month," said Mohammed Al Marzouqi, slaughterhouse section head at Abu Dhabi Municipality. "Normally we slaughter about 40,000 a month at the five ...
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Closer eye needed on oil spills in the UAE
Workers from the Sharjah Municipality clean up a beach after an oil spill off the coast of Fujairah at Khor Fakkan in 2008. Randi Sokoloff / The ...
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Sharjah Intl passenger traffic soars 19 in May
Passenger traffic at Sharjah International Airport jumped 19.18% to 728,327 in May, compared to 611,129 in the same month last year, according to the May traffic report issued by the Sharjah Airport Authority. The airport recorded a total of 5,557 aircraft movements during the month, up 2.3% compared to 5,432 in May 2012. It also handled more than 28,000 tonnes of cargo, with in-freight ...
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