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RCA implements a new Dh5 million aid programme to Syrian refugees in Lebanon

posted on 12/02/2014: 1142 views

The Red Crescent Authority has implemented a new phase of the programme of aid relief to Syrian refugees in Lebanon at a cost of Dh 5 million, which includes the provision of food parcels, shelter materials and a variety of winter clothing, especially for children.

Naima Al-Muhairi, Deputy Secretary- General of RCA for International Aid, pointed out that around 14,000 Syrian families in Lebanon benefited from the relief programmes of the authority in various areas of health and living conditions.

The RCA has strengthened its partnership with the Lebanese Red Cross Society (LRCS) and the Office of the United Nations High Commissioner for Refugees (UNHCR), and the International Committee for Red Crescent to enhance avenues of cooperation and coordination between them with regard to their common humanitarian efforts for Syrian refugees in Lebanon. – Emirates News Agency, WAM – Read more:

Dubai Investments broadens its footprint in real estate sector

As part of its strategy to further broaden its footprint in the industry, Dubai Investments (DI) plans to unveil iconic projects across the UAE in the coming months with projects in Meydan, Mirdif and Jumeirah Village Circle in Dubai, as well as other developments in Fujairah and Abu Dhabi.

Over 67% of DI's asset base is in real estate, currently worth over Dh 8.38 billion, making DI one of the biggest real estate players in the UAE.

Khalid bin Kalban, Managing Director and CEO of DI, said, "The UAE real estate industry is in the midst of robust growth - which is a reflection on its sound fundamentals and overall business and investor confidence across sectors, be it retail, tourism, aviation, hospitality or trade. As one of the leading companies, we feel the time is right to move forward with developing our land holdings.

Average property prices in Dubai have risen by more than 20 percent in the last 12 months and we are confident that 2014 will mark a major step-change in the growth of the UAE real estate sector." He added, "We aim to set new benchmarks through our projects and there is still an untapped market which we are eyeing. The overall optimism, accentuated with Dubai winning the Expo 2020 bid, is translating into investors eyeing long-term investments and growth in the UAE real estate industry. Overall, we expect acceleration across the entire spectrum of the industry." By leading the way with innovative developments accommodating every lifestyle, DI has again reinforced its commitment to ensure the long-term sustainability of the UAE's real estate market.

"Established communities with a wide range of lifestyle amenities will continue to take a lead position in the current real estate environment. Moreover, with Dubai's status as a safe haven, it is the ideal destination for investing in property, both residential and commercial," Mr. Kalban summed up. – Emirates News Agency, WAM


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