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SATURDAY, 20 MARCH 2010
UAE deposits with UN the instrument of its ratification of the Convention on the Rights of Persons with Disabilities
posted on 20/03/2010
New York - United Arab Emirates deposited yesterday with the United Nations the document of its ratification of the 'Comprehensive and Integral International Convention on the Protection and Promotion of the Rights and Dignity of Persons with Disabilities'.
The instrument of ratification signed by Foreign Minister HH Sheikh Abdullah bin Zayed Al Nahyan was submitted formally by UAE's Permanent Representative to UN Ambassador Ahmad Abdul Rahman Al Jarman to UN Secretary-General Ban Ki-moon yesterday for depositing it with the UN. It noted that the UAE ratified the Convention after its examination and undertakes to remain sincerely committed to its provisions as well as its implementation.
It was in May last year UAE had signed the Convention, which came into force on May 12, 2008.
The Convention obliges the States Parties to take all legislative measures to ensure the full and equal enjoyment by the people with disability of all their human rights and fundamental freedoms without any form of discrimination, especially women and girls with disabilities.
The purpose of the Convention is to promote, protect and ensure the full and equal enjoyment of all human rights and fundamental freedoms by all persons with disabilities, and to promote respect for their inherent dignity. – Emirates News Agency, WAM
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Khalifa Charitable Foundation to rebuild school in Gaza
posted on 20/03/2010
 Khalifa bin Zayed Al Nahyan Charitable Foundation, in cooperation with the United Nations Relief and Works Agency for Palestine refugees (UNRWA), will adopt, rebuild and run a school in Beit Lahiya in the Gaza Strip, it was jointly decided.
The Foundation and UNRWA had held several meetings to discuss the possibility of resuming the educational process in the Mediterranean strip after many of its schools were reduced to rubbles in the Israeli bombings during the war on Gaza.
Almost all schools in Gaza were either fully or partially ruined in the war, according to official statistics.
The school to be rebuilt by the Foundation will be named after HH Sheikh Khalifa bin Zayed Al Nahyan, President of UAE.
The project stems from the vision of the Khalifa Charitable Foundation to lend a helping hand to the Palestinian people and give them support in their ordeal by way of contributing to alleviate the humanitarian suffering in Gaza, especially in the areas of healthcare and education.
Gaza, one of the densely populated places on earth, is under Israeli blockade since the second Intifada began ten years ago.
Mohammed Haji Khouri, Director General of the Khalifa Charitable Foundation, said that the Foundation's efforts in Palestine are a fraternal duty towards the Palestinian people given its difficult economic conditions.
"We will spare no effort in promoting the relationship between the Foundation and international institutions and organizations for further implementation of the humanitarian projects that support the weak and the needy", Khouri added.
Ambassador Peter Ford, representative of the Commissioner-General of UNRWA, commented the initiatives and leading humanitarian projects taken up by the Khalifa Foundation, especially its efforts in the fight against poverty, hunger and disease.
He added that the school project in Beit Lahia will ease up the burden and alleviate the sufferings of the students and their parents in that troubled region. – Emirates News Agency, WAM
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NBAD launches US$750 million fixed-rate notes
posted on 20/03/2010
 The National Bank of Abu Dhabi ("NBAD") successfully launched a US$ five-year transaction under its US$5 billion EMTN Programme. Bank of America Merrill Lynch, Barclays Capital, HSBC and National Bank of Abu Dhabi acted as joint-bookrunners in the notes, which represents the first international public benchmark transaction by a GCC Financial Institution in 2010. Official price guidance of midswaps plus 180bp area was released on Thursday 18 March 2010 at 7:30am London time. The strong demand in the orderbook allowed NBAD to price the US$ 750 million notes at a spread of midswaps plus 178 bps, inside the initial guidance. The success of NBAD's deal was underpinned by the international marketing strategy undertaken in London and Switzerland. NBAD fielded one team including senior management officials to cover key centres as well as conducting conference calls with Asian and European investors in a very short timeframe.
NBAD's position as the Banker to the Abu Dhabi Government with 70.48% ownership by the Government of Abu Dhabi through Abu Dhabi Investment Council (ADIC), and consistent profitability and value creation to shareholders, appealed to a diverse and high-quality investor base. The transaction will allow NBAD to diversify its investor base, and lengthen the average maturity of its funding.
NBAD's high quality order book was just over 5 times oversubscribed with in excess of 250 orders. Investor distribution was diversified with 20% Asia, 50% Europe, 27% Middle East and 3% US offshore.
"I am delighted by this overwhelming interest expressed by the international investor community in Abu Dhabi and our Bank," said Michael Tomalin, NBAD Group Chief Executive. "The success of our transaction confirms that financial institutions with excellent business model, clear strategy and a solid profile from our region do have access to the international capital markets," he added.
Mahmood Al Aradi, Senior General Manager, Financial Markets Division at NBAD, said: "We capitalised fully on the increased awareness of the Abu Dhabi credit story, which was generated by the huge success the sovereign issues achieved, to establish what we believe will be the new FI benchmark and open the door for many financial institutions from our part of the world." Last Year, NBAD successfully launched a US$850 million 5-year Medium Term Note under (EMTN) programme, which represented the first US dollar-denominated international public transaction by a GCC Financial Institution since 2007. The issue successfully established a benchmark and a new pricing reference for GCC financial institutions and diversified its investor base. The transaction book order was 4.8 times oversubscribed with a broad global range of investors. The issue won the Deal of the Year Award from EuroWeek.
NBAD has the highest combined credit ratings assigned to a Middle Eastern bank and is ranked amongst the world's 50 safest banks by Global Finance. – Emirates News Agency, WAM
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Dubai ranks 24th in Global Financial Centres report
posted on 20/03/2010
 London - Dubai ranked 24th in the latest Global Financial Centres (GFC) report with 618 points, published on Friday by the City of London Corporation. The data was collected between July and December 2009, a period of considerable volatility as the global economic recovery got underway. In the report, London and New York lead the world, with 775 points each, being in the first place, while Asian centres continued to make gains with Hong Kong (739 points), Singapore (733 points), Tokyo (692 points), Shanghai (668 points) and Beijing (651 points) in particular, all recording strong performances. Beijing, Dubai and Shanghai are shown in the report as Global Contenders and moving towards upward journey. Dubai and Moscow show that they have the connectivity to succeed with necessary specific sectoral strengths. London and Dubai are perceived to have been impacted on the most, with 110, 89 and 51 mentions respectively. London and New York still lead the ratings, although the gap between them and third placed centre, Hong Kong continues to diminish, from 81 points a year ago and 45 points six months ago to just 36 points now. Overall, of the 75 centres rated in GFC7, 71 centres have received higher scores and only four have decreased since the last report. Business environment is viewed as the key area of competitiveness in the report. – The Gulf Today
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Zayed University students launch "Al Namoos" project to promote traditional sports
posted on 20/03/2010
Four students from Zayed University's College of Communication '&' Media Sciences in Abu Dhabi launched a capstone project titled "Al Namoos", which is held under the sponsorship of Al Dhary Holding and in collaboration with Abu Dhabi International Marine Sports Club and Arabian Saluki Center. The project was organized as Muwadda Al-Marri, Fatima Al-Marzouqi, Khawla Al-Muhairi, and Sameera Al-Hosani's capstone project, aims to promote and enhance awareness to the importance of traditional sports and races in the UAE, which include Saluki Hunting Race, Falconry, Dhow (traditional boat) Racing and Camel Racing, which are all considered to be a fundamental element of the UAE's cultural heritage.
The launch ceremony which included a promotional video, a photo exhibition and distribution of a booklet on traditional sports, was held at ZU's Abu Dhabi campus in the presence of Dr. Sulaiman Al Jassim Vice President of Zayed University, Dr. Jeffrey Belnap Associate Provost, and students, faculty and several officials from the University. – Emirates News Agency, WAM
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Municipality of Abu Dhabi launches Community Market at Khalifa Park
posted on 20/03/2010
The Municipality of Abu Dhabi City is launching a Community Market initiative; a platform where the participating families can exhibit a diverse range of products and home-made items; which starts on Saturday 20th March and continues up to 30th April 2010, opens at 04.00 pm to 10.00 pm daily during the week days, and the closing time is extended during weekends up to 12.00 am (midnight) at Khalifa Park; Abu Dhabi.
The initiative which is being organize in coordination with the General Directorate of Abu Dhabi Police and Abu Dhabi Department of Economic Development; involves the provision of a wide spectrum of activities; which include funs, games, adventures, live shows, sports quizzes, music '&' artistic shows, folklores, foods and several other recreational activities; which promise to offer entertainment to all segments of the community of various ages, cultures and inclinations.
Dr. Badirah Al Dhahiri, Director of Community Service Division at the Municipality of Abu Dhabi City, said: "The Community Market initiative has diverse economic '&' social dimensions as it helps the participating families, to exhibit their products to a wider population. It is also viewed as a family gathering in an open, receptive and social marketing platform offering a host of diverse activities, rich events and fun spots; which would realize the objectives of the Municipality to up the social interaction and communication through launching initiatives targeting the whole community.
"Home-made products are usually characterized by high quality '&' diversity, and the UAE has a diverse range of multi-cultural communities. People naturally have a tendency and aspiration to explore and taste other people's experiments and cultures, hence family products always entice people to try and experience them. This prompts the participating families to improve their products in terms of shape and content, particularly noting that the exhibition is featured by diverse products spanning clothes, foodstuffs, handicrafts, traditional foods, perfumes, incense and other products which are attractive to visitors of different backgrounds, tastes and ages. It remains to be said that much emphasis is placed on quality and safety as preconditions for any commodity to be offered" said Badriah in a final remark. – Emirates News Agency, WAM
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영어, 프랑스어 및 아랍어로 UAE 2007년 연감 전문(pdf 형식)으로서, UAE의 모든 분야에 걸쳐 포괄적인 최신 정보가 제공됩니다.
