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Mohamed bin Zayed inspects UAE forces in Arab coalition, Hope Restoration Operation, and stresses UAE's role
posted on 27/04/2015

TAIF: His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has underlined that helping brothers and contributing towards restoring the security and stability of the people, is a steady and firm approach in the policy of the United Arab Emirates towards sisterly countries.
He added that the UAE led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, will always be supportive to the brothers and will not hesitate or delay to extend a helping hand to them to tackle the challenges.
The Crown Prince of Abu Dhabi noted that "this stance emanates from the bonds of brotherhood and common legacy that unite us in one destiny and promising future."
This came during a visit by Sheikh Mohammed bin Zayed yesterday to the King Fahd Air Base in Taif, Saudi Arabia, during which he met the UAE force, including officers and non-commissioned officers and members of the Fifth Squadron, who are participating in the Arab coalition, Hope Restoration Operation, led by Saudi Arabia.
Sheikh Mohamed inspected the constellation of fighter-jets participating in the coalition, at the Air base. Then he posed for group photos with the UAE force and the rest of the coalition forces. The Crown Prince of Abu Dhabi was briefed on the progress of operations.
He was accompanied during the visit by H.R.H. Prince Mohammed bin Salman bin Abdulaziz, Minister of Defence, Chief of the Royal Court, and Special Adviser to the Custodian of the Two Holy Mosques, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Mohammed Ahmed Al Murr, Chairman of the Federal National Council, H.H. Sheikh Hazza bin Zayed Al Nahyan, National Security Adviser, Deputy Chairman of the Abu Dhabi Executive Council, H.H. Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation, H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, H.H. Sheikh Tahnoun bin Zayed Al Nahyan, Deputy National Security Advisor and H.H. Sheikh Dhiyab bin Zayed Al Nahyan.
The Crown Prince of Abu Dhabi conveyed the regards of the UAE President and Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum to the UAE force, and the leadership's and the UAE people's pride in them, while discharging a noble duty to preserve the security of Arab Gulf and restore the security and stability of Yemen and its people, as well as put an end to the threats to the region.
Sheikh Mohamed said the UAE leadership and people are proud of the UAE forces, commending their national role and sacrifice for the UAE leadership and people. He commended the high-profile combative performance in this campaign, which will be added to the historic records of the UAE Armed Forces in terms of assisting brothers and boosting the security of the region.
He said that the UAE puts the security and stability of the Arab region at the heart of its concerns, and will not turn a blind eye to the changes, developments and their impact on the Arab national security, adding that the UAE will stand by the brothers to keep the risks at bay and address various threats. "Experiences and challenges show that unity of Arabs is the fundamental guarantee for the region to ward off any risk and greed," he added.
Sheikh Mohamed pointed out that the UAE will continue fulfilling its national duty along with the rest of Arab brothers to lay the foundations of security and stability and to deal with any schemes or regional agendas with purposes and ambitions in the Arab land, its historical resources, religious and national wealth.
Sheikh Mohamed underlined that the Arab countries are in bad need at this critical juncture to solidarity and unity to meet the ambitions and various challenges, and "we have to build an advanced political, military, and development framework to notch our position in the region and the world as well."
He noted that "the nature of the looming challenges and risks requires constant vigilance and readiness to protect our gains and our style of living, as well as setting future plans for the Arabian Gulf to deter those who harbour evil for our region."
He said that in light of the current developments and new reality, "it is imperative to take effective steps that will enable us to attain superiority, decisive deterrence, and continue to build, develop and create qualified human resource cadres that can be the backbone of our region."
Sheikh Mohamed said the Arab national security is inseparable, and should be preserved through collective framework and common vision. "Our sole option is to emerge victorious in the test that Yemen is, in favour of origin of Arab-Yemen, and for the region."
He added, "Through the Hope Restoration Operation, we move on to a new phase in response to developments and adverse events in Yemen after we were able to neutralise the clear danger that extends beyond Yemen. This new stage depends on multiple tools based on the military dimension strategy. It seeks through political, and developmental aspects to restore the legitimacy that preserves Yemen, its entity, and return to the political track, which was overthrown by a coup d'état."
Sheikh Mohamed noted that the political track will create a consensus that would not exclude anyone, and also eschews violence. "And we are convinced that the vast majority of the people of Yemen share these goals, and seek to reach a political formula to ensure the transition to a modern civil rule deserved by Yemen and its people and reflect positively on the security and stability of the region, and ensure the integration of Yemen surrounded by a secure Gulf and development."
He praised the insightful vision of The Custodian of The Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia: "We see the resolve that King Salman has as compass of our work and best collective and joint effort to protect the gains and raise the banner of pride and dignity in the face of challenge in Yemen."
The Crown Prince of Abu Dhabi commended the collective Arab role being played by the King of Saudi Arabia as a leader. "This new prestigious stance will decide the political and development tracks in the region for years to come."
The banquet hosted in honour of Sheikh Mohamed was attended by the Saudi Defence Minister. Sheikh Mohamed and his accompanying delegation. They attended a lunch banquet hosted by HRH Prince Mohammed bin Salman bin Abdulaziz, Saudi Minister of Defence, Chief of the Royal Court and Special Advisor to the Custodian of the Two Holy Mosques. The event was also attended by the delegation accompanying Sheikh Mohamed.
Among others present were Dr. Anwar bin Mohamed Gargash, Minister of State for Foreign Affairs, Dr. Sultan bin Ahmed Sultan Al Jaber, Minister of State, Ali Mohamed Hammad Al Shamsi, Deputy Secretary General of the Supreme National Security Council, Mohamed Ahmed Al Bowardi, Under Secretary of the Defence Ministry, Lt. General Hamad Mubarak Al Shamsi, Chief of the State Security, Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority, Mohamed Mubarak Al Mazrouei, Under Secretary of the Abu Dhabi Crown Prince's Court, Lt. General Juma Ahmed Al Bowardi, Military Advisor to the Deputy Supreme Commander of the Armed Forces, Major General Isa Saif Al Mazrouei, Deputy Chief of Staff of the UAE Armed Forces, Major General Ibrahim Nasser Al Alawi, Commander of the UAE Air Forces and Air Defence, Brigadier Saleh Mohamed Al Ameri, Commander of the Land Forces, Rear Admiral Sheikh Saeed bin Hamdan Al Nahyan, Deputy Commander of the Naval Forces and a number of senior army officers.
Sheikh Mohamed left Taif after a brief visit to Saudi Arabia. He was seen off at the King Fahad Air Base in Al Taif by Prince Mohammed bin Salman bin Abdulaziz and a number of Saudi senior officials. – Emirates News Agency, WAM –
http://www.wam.ae/en/news/emirates-arab/1395279765174.html

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Mohammed bin Rashid receives New Zealand Prime Minister
posted on 27/04/2015

Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, yesterday received John Key, the visiting Prime Minister of New Zealand, along with his accompanying delegation.
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai attended the meeting.
During the meeting, Sheikh Mohammed and Key exchanged views on a number of joint dossiers, especially focusing on bilateral relations and methods to enhance them in a number of fields, particularly in tourism, air transport and trade exchanges between the UAE and New Zealand.
Sheikh Mohammed emphasised the strong relations at the official and popular levels between the two countries. He noted that the UAE's leadership and government's approach is aimed at extending human and cultural bridges between its people and peoples across the world, as well as expanding its economic, trade and tourism ties for the benefit of international stability and peace.
He also promised to accept the Prime Minister of New Zealand's invitation to visit Wellington, the capital of New Zealand, at the appropriate time.
During their meeting, Key praised the level of cooperation and friendly ties between the two countries. He also said he hoped his visit would have positive results for both countries, noting the role played by the Emirates to build and boost communication bridges, in light of launching 28 weekly flights between Dubai and Wellington.
New Zealand's Prime Minister also pointed out that his country seeks to participate in Dubai Expo 2020, saying he hoped the participating New Zealand companies would benefit from involvement in the international event, which brings together the world under its umbrella and opens investment, economic and trade partnerships, as well as the enhancement of tourism sectors for participating countries.
He further added that Dubai Expo 2020 would contribute to bolstering cultural cooperation and human convergence among peoples and countries.
Among those who attended the meeting were H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Mohammed bin Rashid Al Maktoum Foundation, Sultan bin Saeed Al Mansouri, Minister of Economy, Dr. Rashid Ahmed bin Fahad, Minister of Environment and Water and head of the honorary mission, Reem bint Ibrahim Al Hashimy, Minister of State, Mohammed Ibrahim AI Shaibani, Director-General of His Highness the Ruler's Court, Government of Dubai, Khalifa Saeed Suleiman, Director- General of the Department of Protocol and Hospitality in Dubai, and Jeremy Clarke-Watson, New Zealand Ambassador to the UAE. – Emirates News Agency, WAM –
http://www.wam.ae/en/news/emirates/1395279744051.html

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Upon directives from President, ERC completes preparations to dispatch urgent relief aid to Nepal
posted on 27/04/2015

Emirates Red Crescent Authority (ERC) has completed its preparations to dispatch urgent humanitarian aid to those affected by Nepal's earthquake.
The move follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and follow up by H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in the Western Region and Chairman of the ERC.
The ERC announced that it would do what it takes to implement the directives of the leadership to assist the victims of the earthquake disaster and help mitigate the repercussions of the tragedy.
Dr. Hamdan Mussalam Al Mazrouei, Chairman of the Board of Directors of ERC, said, "The directives of the leadership to assist those affected by the quake in Nepal come within the framework of humanitarian and moral responsibility shouldered by the UAE to alleviate the suffering of victims worldwide. It is also part of the development efforts led by the UAE in the developing and natural disaster-prone regions."
He added, "The UAE's strategy and plans in this respect meet humanitarian and basic needs worldwide."
Al Mazrouei noted that the UAE leadership and people are following with great concern the humanitarian repercussions of the earthquake disaster, stressing that assisting vulnerable people currently facing a tough humanitarian plight is a duty that does not stop at certain limits or countries, because humanity is greater than the borders and languages, adding that the UAE's support to the homeless and displaced people affected by disasters and crises "is a true expression of the noble sentiments of the people of UAE towards people in need throughout the globe."
He commended the Dh5 million donation of H.H. Sheikha Fatima bint Mubarak, Chairwoman of the General Women's Union (GWU), Supreme Chairwoman of the Family Development Foundation (FDF) and President of the Supreme Council for Motherhood and Childhood, to help the victims of the earthquake.
Dr. Mohammed Ateeq Al Falahi, secretary-general of ERC, said the two ERC delegations left the country for Nepal upon the orders of Sheikh Hamdan to oversee the ERC relief operations there. – Emirates News Agency, WAM –
http://www.wam.ae/en/news/emirates/1395279752957.html

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Sheikha Fatima donates Dh5 million for victims of Nepal's Earthquake
posted on 27/04/2015

H.H. Sheikha Fatima bint Mubarak, Chairwoman of the General Women's Union (GWU), Supreme Chairwoman of the Family Development Foundation (FDF) and President of the Supreme Council for Motherhood and Childhood, has donated Dh 5 million to provide relief for victims of Nepal's earthquake that hit the country yesterday.
The gesture came as part of the framework of Sheikha Fatima's initiatives to help victims of disasters and crises.
Sheikha Fatima has directed the Emirates Red Crescent (ERC) to make immediate provisions for humanitarian and medical assistance to the affected people. ERC praised the noble stances of Sheikha Fatima as well as her support for its charitable programmes for the benefit of underprivileged people across the world. – Emirates News Agency, WAM – http://www.wam.ae/en/news/emirates/1395279744238.html

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UAE Ministerial Council for Services discusses recommendations to boost Emiratisation in thirty years
posted on 27/04/2015

The UAE Ministerial Council for Services, chaired by H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, discussed recommendations of a study on the strategic planning of national workforce in the UAE.
The project includes designing a database of six million persons working in the UAE, which contributed into forecasting job opportunities in the coming thirty years as well as developing and evaluating current national policies and increasing the participation of nationals in the labour market across the country.
The project comes in line with directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, to develop a strategic framework to increase national participation in labour market as set out in the UAE Vision 2021 and follow-up of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai.
The Ministry of Presidential Affairs conceptualised and implemented the project in collaboration with a number of federal and local government entities in the country. The project is one of the strategic components of the ‘Absher' initiative.
Meanwhile, the Ministerial Council addressed other issues on the agenda. It reviewed a number of federal laws and regulations such as amending some items in the federal law on regulating Commercial Agencies where family-owned businesses will be joint-stock companies. Others laws included using technologies in health sector.
On the other hand, the Council also addressed issues related to government affairs by reviewing a number of recommendations submitted by the Federal National Council on matters related to Cooperatives as well as other matters pertaining to housing policies and employment visa.
The Ministerial Council also reviewed a number of reports such as the closing statement of the Emirates Telecommunications Corporations for the year 2014. http://www.wam.ae/en/news/emirates/1395279767174.html

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UAE emphasis on strategic foresight engenders citizens’ trust: Forbes
posted on 27/04/2015

Trust is generally one of the world's scarcest commodities, according to global PR firm Edelman's 2015 annual "Trust Barometer", which says that given the state of the world today, perhaps it's no surprise that governments the world over are seen as largely untrustworthy, with governments, corporations, NGOs and institutions of all kinds being held in lower repute today than at any time in the 13 years Edelman has been probing who, and what, commands the trust of citizens and consumers.
So, according to Paul Laudicina, Forbes contributor, in an article published this weekend, what might come as a surprise is which governments are bucking this trend, and by wide margins. The report reveals that the country most trusted by its citizens is the United Arab Emirates.
In an article entitled, "Where ‘trusted government' is not an oxymoron", published on forbes.com, Laudicina describes the UAE as an oasis of stability, modernity, diversity and tolerance, comparing it in size, population, and growth trajectory, to Singapore, which also has a government that ranks among the most trusted.
As a frequent visitor to the UAE, Laudicina, the author of numerous articles and books and a speaker on economic issues, says that he has had a bird's eye opportunity over the years to observe the UAE's dramatic transformation. So its ranking at the top of the Edelman trust league table is no surprise to him.
"What is it about the UAE and Singaporean governments and their leaders that engender trust among their people?" he asks.
"In my view, it's all about authentic vision and consistent execution. True, small jurisdictions with tight, authoritative leadership structures can be more decisive and nimble, and the UAE's oil wealth hasn't hurt, but the UAE is in an admittedly troubled neighborhood, and Singapore never had any natural resources. The answers lie elsewhere."
He explains that while the United States struggles with gridlock politics, citizens react by turning away from government as a problem-solving tool. Similar reactions in other politically disjointed economies make understanding the UAE and Singapore strategies all the more important as case studies for restoring trust in other countries as well.
He says that one doesn't need to go back too far in history to see how far the countries have come, how fast, and how many problems they've had to overcome. As recently as the 1950s, feuding among the Gulf state's tribes and the drop off in the important pearl trading industry damaged citizens' morale and deprived them of a valuable source of income. "To say the region lacked a cohesive narrative vision – a clear compelling national direction – is an understatement."
Describing the run-up to the forging of the nation in 1971, Laudicina talks about the transformation beginning in earnest with the serious production of Gulf oil in the late 1960s. "Rather than just living well off its oil wealth," he says, "The UAE began, and has continued, to plan for an ambitious post-oil future. Beginning in the 1970s, the Emirates embarked on a reform agenda to remake the country through investments in development and financial transformation, including tourism and logistics infrastructure."
He continues, "Thanks to the country's emphasis on long-term planning, Dubai today has become a major financial centre in the region and one of the world's largest trade hubs. The UAE's clear, compelling vision statement "we want to be among the best countries in the world by 2021", the Golden Jubilee year of the Union is built on tangible pillars of success. Behind this ambitious mission, the country's leadership has delivered in areas of critical importance to its citizens, investing in smart technologies, transforming K-12 education, encouraging the growth of high-value added sectors through dedicated economic zones, and making investments into healthcare infrastructure, to name just a few of its recent achievements."
Laudicina's comparison of the UAE with Singapore shows how the countries have charted a similar course since the 1960s, although from opposite sides of the spectrum. Where the UAE was busy planning for an ambitious post-oil future, Singapore, in 1965, was an island city-state without any natural resources of its own and ranked among the poorest countries in the world. It faced the scars left by the remnants of strife between Malays and ethnic Chinese, and beyond the will of its people, had few clear competitive advantages. Most threatening to the fledgling country's security was its reliance on Malaysia for fresh water. In just a few decades, the country was able to capitalise on its diversity and overcome its water issues by investing heavily in sustainable water technology from diverse sources. Lee Kuan Yew, the recently-deceased founding Prime Minister, envisioned a future for Singapore as an economic powerhouse, and focused on setting up the strong institutional foundations necessary for this success, including a world-class educational system, strong rule of law, and a business-friendly market environment. He backed up his vision with credentials, leading Singapore to boast an average annual growth rate of 6.8% from 1976 through 2014.
"At the core of both countries' success, is visionary leadership carried out with determination," Laudicina says, "But lofty vision, even with committed intention, will not breed success unless it is executed well as Thomas Edison once said, "Vision without execution is hallucination." And what the leaders of the UAE and Singapore have done exceedingly well has been to recognise their countries' competitive advantages and create measurable, targeted plans albeit ambitious ones centred on these advantages. In the UAE, this has meant using natural resources as the bedrock for GDP growth, and moving to diversify the economy from there. For Singapore, this meant the creation of a highly skilled workforce, which today makes it one of the most competitive brain-powered economies in the world. Both governments consistently take the risks necessary to convert ideas into action."
The forbes.com article concludes with the assertion that both the UAE's and Singapore's emphasis on strategic foresight has allowed these countries to envision a future that reaches beyond the conventional and established norm, and, equally as important, their leaderships' ability to translate this message for their audiences has naturally engendered citizens' trust.
"Behind such clear, compelling visions supported by credible and tangible execution - and success - trust must naturally follow." – Emirates News Agency, WAM – http://www.wam.ae/en/news/emirates/1395279731430.html

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TCA Abu Dhabi and partners exhibit at WTM Africa 2015
posted on 27/04/2015

Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, has showcased Abu Dhabi Emirate as a key destination for the first time to the South African Travel industry at the World Travel Market 2015, which was recently held in Cape Town.
TCA Abu Dhabi, along with key partners such as Etihad Airways and Oryx Tourism, took full advantage of the opening of its new office in South Africa by hosting a stand at the event dedicated to promoting the emirate to the wider African market.
TCA Abu Dhabi also welcomed Hamad Hareb Al-Habsi, UAE Ambassador to the Republic of South Africa, to the Abu Dhabi stand for a special visit.
South Africa represents the latest target tourism market for the UAE capital, which recently appointed Johannesburg-based Development Promotions, a specialist travel representation agency, to position it as a preferred destination in that market.
The establishment of a TCA Abu Dhabi office in South Africa follows the launch of daily South African Airways morning flights between Johannesburg and Abu Dhabi, adding additional air capacity to a daily evening frequency already operated by Etihad Airways.
The commercial and codeshare partnership between SAA and Etihad Airways will also enable passengers to experience both of these excellent carriers on any trip to Abu Dhabi.
South African travellers will be exposed to Abu Dhabi's incredible diversity as a stopover, cruising, cultural, sports, family, wellness and shopping destination.
The South African office's marketing and promotional effort will also raise awareness of Saadiyat Island's Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi, as well as the development of the new Abu Dhabi Cruise Terminal and Abu Dhabi International Airport's new midfield terminal complex.
"With our sights also firmly set on the travel trade, and the meetings and incentive markets, the new office will offer a full service to our trade partners to assist them in showcasing the destination through training sessions and joint marketing partnerships with key travel agents, tour operators, PCOs and incentive houses, as well as host a range of familiarisation tours for both media and trade," said Mubarak Al Nuaimi, TCA Abu Dhabi's Director Promotions and Overseas Offices. "We will showcase the destination's diversity through a series of exciting consumer and trade activations." – Emirates News Agency, WAM –http://www.wam.ae/en/news/emirates/1395279732891.html

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Shurooq promotes Sharjah at World’s Investment Summit in Shanghai
posted on 27/04/2015

The Sharjah Investment and Development Authority, Shurooq, has been promoting Sharjah to investors from around the globe at the World's Investment Summit, the culmination of a roadshow to Taiwan and Shanghai, that took place from April 19th-23rd.
Shurooq, represented by Mohamed Al Musharrkh, Head of Investment Promotion, and Diana Yonghui MA, Investment Promotion Executive, was joined on the roadshow by Sharjah Economic Development Department, represented by Saeed Al Mheiri and Sharjah Healthcare City, represented by Binu G. Pisharadi, Manager of Commercial Affairs.
The Authority began the five-day roadshow in Taiwan, where it met with the foremost Taiwanese bodies in sectors spanning trade, industry and commerce. Thereafter, the delegation travelled to Shanghai, the most populous city in China, to participate in the World's Investment Summit, taking place over three days at the China Financial Information Centre.
During its participation in the summit, Shurooq gave a speech to attendees, showed a video about Sharjah, and delivered a detailed presentation highlighting investment opportunities and incentives in the emirate, important sectors of the economy, the numerous projects the authority has developed, and information about Sharjah's burgeoning healthcare sector. Shurooq also played a leading role in a three-hour country business-to-business (B2B) seminar, the ‘Sharjah Shanghai Promotion Seminar'.
Other forums Shurooq attended during the summit included ‘International Investment under the New Normal: High Quality Bringing-in and Large Scale Going-out', and ‘International Investment Environment, Projects and Services'.
The World's Investment Summit is attended annually by more than 300 investment service institutions and more than 10,000 individual participants. Among the attendees are investment service institutions, government investment agencies, project owners, and high net worth private investors, as well as enterprise managers and top level executives in all areas of the financial services industry.
Mohamed Al Musharrkh, Head of Investment Promotion, said, "This roadshow was an ideal opportunity to promote Sharjah's unique offering as an investment destination to investors in the Far East – to build new relationships, and participate in one of the global calendar's premier gatherings of investment experts. With bilateral trade between Sharjah and China – the world's second largest economy – growing at a double digit rate and forecast to have surpassed Dh18 billion last year, we are seeing enormous scope to develop fruitful and mutually beneficial partnerships".
While in Shanghai, as well as participating in the World's Investment Summit, Shurooq also conducted meetings with several of the city's foremost business and investment organisations – including the China International Communication Association, the Shanghai Pilot Free Trade Zone United Development Co, and the Shanghai JWT Investment Management Co..
Shurooq's key mission is to provide facilities and incentives to help overcome obstacles facing investment activities in Sharjah, evaluate investment-related infrastructure projects, and lay down the necessary plans to complete such projects.
In recognition of its overall accomplishments, Shurooq was named The Banking Awards 2013 – and 2014 FDI Agency of the Year in the MENA region at the European's Global Banking and Finance Awards. – Emirates News Agency, WAM –http://www.wam.ae/en/news/economics/1395279725010.html

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DFM Company posts net profit of Dh 67.7 million during the first quarter of 2015
posted on 27/04/2015

Dubai Financial Market Company (PJSC) yesterday announced its financial results for the first quarter of the year ending March 31st 2015, posting a net profit of Dh 67.7 Million, a 69% decline compared to Dh 215.1 Million during the corresponding period of 2014.
The company's total revenue has decreased by 55% to Dh 114.5 Million in Q1-2015 compared to Dh 255.6 Million during Q1-2014. The revenues are comprised of Dh 96.9 Million of operating income and Dh 17.6 Million of investment returns. Meanwhile, operating expenses have reached to Dh 46.8 Million during Q1-2015 compared to Dh 40.5 Million during the same period of 2014.
DFM's trading value has dropped 65.3% during the first quarter to Dh 38.2 Billion compared to Dh 110 Billion during the corresponding period of last year. Trading commission is the main revenue stream for the DFM Company.
Essa Kazim, Chairman of Dubai Financial Market (PJSC) said: "During the first quarter, trading activity has been significantly hindered due to some circumstances that clearly isolated from the strong fundamentals of the national economy or the outstanding performance of listed companies. The sharp decline of oil prices in 2014 has hindered sentiment and accelerated the slowdown leading to a 66% decline in the average daily of trading value to Dh 606.4 million compared to Dh 1.7 billion during the same period of last year and subsequently overshadowed our revenue".
"I firmly believe that these are passing circumstances. For instance, oil prices are relatively stabilising near levels way above many analysts anticipated. The UAE remains amongst the least affected in the region. More importantly, macroeconomic indicators are positive and promising. The national economy maintains its high growth rates of almost 5%, as a result of the successful economic diversification policies. Liquidity in the banking system is comforting with deposits up 11% to Dh 1.4 trillion and bank credit up 8% to Dh 1.38 trillion by the end of 2014. Furthermore, DFM is seeing intensified interest from various investor categories following its classification as emerging market supported by its highly advanced regulations and all-inclusive infrastructure in line with international best practices. Earlier in the year, we have welcomed the listing of Damac Properties as the most recent addition to our issuers. During the second half of 2014, DFM listed four new public joint stock companies from some of the most dynamic and unrepresented sectors, namely tourism, education, healthcare and retail, in a step that reemphasises the success of our strategy aimed at achieving the best possible representation of main economic sectors in Dubai. We expect further listings over the coming period considering the bursting pipeline of companies that are in advanced stages of transforming into public joint stock company and list on DFM and this will further boost trading activity in the future", His Excellency Essa Kazim, added. – Emirates News Agency, WAM –http://www.wam.ae/en/news/economics/1395279749106.html

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Dubai textiles and fabrics trade valued at over Dh16 billion in 2014
posted on 27/04/2015

The value of the textiles and fabrics trade in Dubai in 2014 was around Dh16.4 billion, with Dh10.14 billion in imports, Dh1.3 billion in exports, and Dh4.22 billion in re-exports.
In a statement to WAM, the Director of Strategy and Corporate Excellence Department at Dubai Customs, Ahmed Abdul Salam Kazim, said that the results were issued by the department in conjunction with the International Textile Fair, which opened yesterday at the Dubai World Trade Centre.
Speaking about the role Dubai plays in the industry, he said, "Dubai plays a vital role in linking the textiles and fabrics markets in different regions of the world, especially in Asia, Africa and Europe," adding that the emirate is a key centre for textile trade in the GCC and other surrounding markets.
Kazim also said that Dubai Customs supports the textiles and fabrics trade by providing great facilities, commercial and customs services to traders in the sector, in addition to speedy customs clearance. – Emirates News Agency, WAM – http://www.wam.ae/en/news/economics/1395279737344.html

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Abu Dhabi Businesswomen Council reports that 88 percent of businesswomen have no obstacles managing their own enterprises
posted on 27/04/2015

Emirati women are considerably participating in economic development, as figures issued by Abu Dhabi Statistics Centre show that relative participation of female citizens in the labour force in 2013 was up to 31.2 percent of the measured total labour force in Abu Dhabi.
Abu Dhabi Businesswomen Council research findings in 2014 in the first publication issued by Research Administration, Department of Economic Development, showed that the larger portion of businesswomen are in age group of 41-50 years at 40.1 percent of the total research sample followed by those aged 31-40 years at 31.4 percent .
Findings showed a drop in the portion of young businesswomen aged younger than 30 years at only 9.6 percent. Businesswomen 2014 survey results in Abu Dhabi indicated that 63 percent of businesswomen in Abu Dhabi are Emirati nationals, 21 percent from Arab countries, about 12 percent Asian and about 4 percent from other countries.
Survey results showed that 49 percent of them are undergraduates or postgraduates, followed by the post-secondary group at 23 percent, then secondary school at 20 percent and finally educational pre-secondary group at 9 percent. The majority percentage of businesswomen are married at 87 percent of the sample, while the remaining 13 percent's marital status was single-divorced-widow.
Findings suggest that businesswomen's share of the capital of economic enterprises amounted to an average of 72.2 percent, and the results show that about 58 percent of businesswomen's contribution to the capital was 100 percent, indicating that the larger portion of businesswomen in the Emirate of Abu Dhabi have higher financial ability enabling them to enjoy individual ownership of their businesses.
The report added that with the increase of working women in the Emirate of Abu Dhabi, the idea of supporting Women's Affairs and the fields of her business and investment has come to light, through the Abu Dhabi Businesswomen Council, in the form strengthening the role of businesswomen to participate in the process of economic development in the Emirate of Abu Dhabi, where the Council endeavours to strengthen bilateral ties with businesswomen's communities in the Gulf, at the Arab level, and internationally, as the Council proceeds to provide appropriate opportunities for training and rehabilitation of women and expand their participation in business and professional level.
The report pointed out that at the level of the Government of the Emirate of Abu Dhabi, the 2030 Economic Vision has placed Emirati women on the list of development priorities, where the vision emphasises the empowerment of women in the economy in terms of increased participation in the labour force, stressing that the aspiration of the government of Abu Dhabi to achieve levels of female participation is consistent with what is prevalent in comparable economies that have rich experiences with regard to female participation, and consistent with the aspirations of the 2030 Economic Vision.
The results of Abu Dhabi Businesswomen Council in 2014 to increase the profitability of economic enterprises owned by businesswomen in the Emirate of Abu Dhabi, where the earnings ratio hit an average of 29.1 percent of total revenue, reported that about 24.6 percent of businesswomen achieve profits of around 50 percent or more, which is high compared to the rates achieved by businesswomen in the Middle East.
Findings indicate that about 88 percent of businesswomen do not suffer any obstacles in managing their own enterprises. – Emirates News Agency, WAM –http://www.wam.ae/en/news/economics/1395279737054.html

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Dubai joins the global "Smart City App Hack" challenge
posted on 27/04/2015

Dubai, Barcelona, Helsinki and Ghent are the four cities currently confirmed to participate in the global Smart City App Hack competition. The cities will join forces to create a network of citizens who will collaborate to develop mobile apps designed to help to design and build the Smart Cities of the 21st Century.
Dubai Internet City, DIC, the MENA region's largest ICT free zone, is the official partner for Dubai's Smart City App Hack project, which will connect the emirate's local app and tech ecosystem with developers from around the world. The end objective is to create products and applications that will help improve the lives of citizens.
This follows a series of events and initiatives headlined by Dubai Internet City this year, including Decode Dubai, DIC's first hackathon, and Drones for Good, an initiative launched by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, at the Government Summit 2015. DIC is at the forefront of the UAE's National Innovation Strategy and continues to look at ways to encourage innovation and creativity across sectors.
Commenting, Majed Al Suwaidi, Managing Director of Dubai Internet City and Dubai Outsource Zone, said, "We are delighted to represent Dubai as an official partner for the Smart City App Hack. The competition is an excellent initiative, and will give Dubai the opportunity to showcase its creativity and innovation to a global audience. As part of the Smart Dubai vision launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, this initiative will play a major role in furthering the development of Dubai into a Smart City, connecting app developers from around the world as well as offering a platform to exchange knowledge and access to global mentors."
Together with Dubai, the following cities are currently confirmed: Barcelona (Spain), founder of the project, and Helsinki (Finland). Additionally Ghent (Belgium) is following the process as an associated city. The project is still open for participation and more cities are to be announced in the following weeks.
The Dubai Smart City App Hack will take place from May to September, and during these 5 months, developers, entrepreneurs and citizens who want to get involved in the building of a Smart City will participate in the process of creating and developing their apps and will receive mentorship from a global team of online experts who will be on hand to guide them through the process and finalise their app.
Apps will be based around the main themes that pose common challenges for cities around the world: urban mobility, energy and emissions, shopping and retail, culture and tourism, and the collaborative city.
Towards the end of the competition, each city will shortlist their winning developer, who will be invited to present and compete in the final awards in Barcelona during the Smart City Expo 2015 in November. – Emirates News Agency, WAM –http://www.wam.ae/en/news/emirates/1395279734623.html

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Crown Prince's Court of Abu Dhabi establishes McGill UAE Fellowships in Science and Engineering
posted on 27/04/2015

The Abu Dhabi Crown Prince's Court, in cooperation with McGill University in Montreal, Canada, has announced the establishment of McGill UAE Fellowships in Science and Engineering.
The fellowships, under the direction of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, aim to support and advance the UAE's existing efforts of putting STEM education and careers at the forefront of the UAE's national agenda, by investing in STEM leaders from the UAE who wish to pursue their higher education at one of the world's top-ranked universities.
The fellowships will be used to offer exceptional Masters and PhD students from the UAE scholarships to pursue advanced studies in any discipline within the Faculties of Science and Engineering at McGill University.
Each McGill-UAE Fellow will receive funding to cover tuition and living expenses. Fellows will also receive additional support to participate in an out-of-the-classroom learning opportunity during the course of their studies, such as industry internships in leading scientific and engineering enterprises, supervised field studies within Canada or abroad, collaboration with researchers within their labs or work with mentors on entrepreneurial ventures.
The first McGill UAE Fellowships will be awarded for studies commencing in January 2016, while subsequent selections will occur to commence studies in September of each year.
The announcement was made at a signing ceremony and briefing session at Etihad Towers yesterday, with high level representatives from the Abu Dhabi Crown Prince's Court and McGill University present, including Ali Ghanem Al Romaithi, Executive Director of Business Support at the Crown Prince's Court, McGill's Incoming Provost, Christopher Manfredi, and Marc Weinstein, Vice Principal of University Advancement at McGill University. Arif Lalani, the Canadian Ambassador to the UAE, also attended the ceremony.
"We are grateful to the Crown Prince's Court for their vision and generosity, which will open our doors to some of the brightest young minds from the Emirates," said Christopher Manfredi. "As Canada's most international university, global partnerships are at the heart of McGill's mission and success. We look forward to building stronger ties with the UAE, and to helping train a new generation of leaders in science, engineering and other disciplines whose contributions will benefit societies and economies in the Emirates and in Canada."
McGill is one of the world's most renowned universities, consistently placing highly in world university rankings. In 2014, McGill was ranked 21st in the world by QS World University Rankings.
This is the second Fellowship established by the Abu Dhabi Crown Prince's Court. In 2010, it announced The Abu Dhabi Graduate Leadership Fellowship, which made it possible for the UAE's top public service talent to pursue a Master's Degree in Public Administration at The Kennedy School at Harvard University. – Emirates News Agency, WAM –http://www.wam.ae/en/news/emirates/1395279741491.html

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Nakheel invites young Emiratis to be part of Dubai's future at Careers UAE
posted on 27/04/2015

Master developer - Nakheel - is inviting young Emiratis to be part of the future of Dubai through an aggressive recruitment campaign to be launched at Careers UAE 2015.
Nakheel - Gold Sponsor of the three day event - will use Careers UAE to entice Emirati men and women to help the company deliver a range of exciting new projects being developed in line with the Government's 2021 vision for Dubai.
Ahmad Al Banna, Director of Nakheel HR, said: "We are honoured and proud to support Careers UAE 2015. As the Gold Sponsor of this prestigious event, we see it as our golden opportunity to encourage UAE nationals to join our company as we enter a new phase in our growth.
"Emiratis who choose a career with Nakheel will not only be a part of our future; they will be a part of the future of Dubai, too. Our exciting range of new projects includes waterfront master developments, residential communities, retail malls and local shopping centres, hospitality developments and tourist attractions that will contribute to and reflect the Government's 2021 vision for Dubai.
"We already proudly employ an unrivalled team of Emiratis who are true ambassadors for Nakheel, and an inspiration for new recruits. Careers UAE is our chance to boost that team, and we look forward to welcoming a new collection of creative, enthusiastic UAE nationals on board." – Emirates News Agency, WAM –
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Mohammed bin Rashid attends launch of first Diploma on Government Innovation
posted on 27/04/2015

Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum on Sunday attended the launch of the first Diploma in Government Innovation.
H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, was present at the event.
The programme, which will be conducted by the Mohammed bin Rashid Centre for Government Innovation in partnership with the University of Cambridge in the UK, supports the government plan to groom a generation of innovation CEOs in the government entities. Fifty executives from 36 federal and local government departments have joined the first batch of the programme which features intensive training, overseas trips and hosts international experts.
Sheikh Mohammed was keen to attend the first day classes, saying,' We need, more than at any other time, to build specialised cadres and leaders in innovation to sustain our successes.' 'Innovation is the key to revival of life and progress of humanity. It is in our interest in the UAE to pursue our development, progress and renew our march,' HH added.
Speaking to those participating in the programme, with Mohammed bin Abdullah Al Gergawi, Minister for Cabinet Affairs, also among the attendees, Sheikh Mohammed emphasised the paramount importance that the UAE attaches to innovation, adding that President His Highness Sheikh Khalifa bin Zayed Al Nahyan's designation of 2015 as the year of innovation came out of 'our firm conviction that we are living in a rapidly changing world with ever-increasing developments but full of huge opportunities that need professional government leaders who can steer our future in the innovation sector."
Addressing the participants, Sheikh Mohammed said, 'I don't want you to spend the whole year amidst papers and theories ... we want a practical government innovative project from each one of you..... I and Sheikh Mansour will review these projects with you after six months before implementation. The goal is to develop the government, promote the culture of innovation and improve government projects and services. We no longer have time to wait.' The diploma aims to promote concepts of government innovation and build specialised national innovation capacities and foster a new government culture to practice government innovation on daily basis.
In 2014, the government launched the National Innovation Strategy that aims to make the UAE among the most innovative nations in the world within seven years.
The strategy will stimulate innovation in seven sectors where innovation is key to excellence: renewable energy, transport, education, health, technology, water and space. Its first phase includes 30 national initiatives to be completed within three years. These include new legislation, innovation incubators, investment in specialised skills, private-sector incentives, international research partnerships, and an innovation drive within government. – Emirates News Agency, WAM – http://www.wam.ae/en/news/emirates/1395279753869.html

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Emirates Post Group wins top prize in 'EMS Call Centre of the Year Awards'
posted on 27/04/2015

Emirates Post Group has won the first place in the international EMS Call Centre of the Year (2014) Awards instituted by the EMS division of the Universal Postal Union (UPU). The award was presented at a ceremony held in Berne, Switzerland, recently.
The UAE is the first Arab nation to win this prestigious award launched in 2006 to recognise customer service excellence in EMS (Express Mail Service).
Obaid Humaid Al Tayer, UAE Minister of State for Financial Affairs and Chairman of Emirates Post Group, commented: "It is a great honour for the UAE to be ranked among the top countries in the field of customer service through this award. It is also a proud achievement for Emirates Post Group and its Call Centre, especially since the award was decided on votes from member countries. The award will certainly help raise further the prestige of the UAE in the international community and bring into focus our leaders' determination to boost customer service standards across diverse fields."
Commenting on the award, Mr Fahad Al Hosani, Acting CEO of Emirates Post Group, said the award marks the culmination of development plans adopted by the Emirates Post Group. "Emirates Post Group has a clear vision to excel locally and internationally by benchmarking global best practices in customer care. We are proud that our Call Centre has been ranked among the best in the world by postal peers from around the world through this award. This achievement comes just three years after we set up our state-of-the-art call centre, manned by trained and courteous staff. We are confident that we will continue to climb new heights of success in the years to come."
The UAE won the top spot in the Medium Group category of the annual awards. The evaluation criteria covered different channels of communication, including phone, fax and email. It also took into consideration the timeframe for responding to queries and complaints, which ranged from 24 hours to ten days (in the case of complex cases). Based on the evaluation reports of the first phase, candidate countries were selected for the final stage, which involved voting by member countries of the EMS Cooperative.
Emirates Post Group said the winning of the prestigious award is in line with the UAE's vision to be one of the best countries in the world by 2021, by following consistently high standards of customer service and maintain its standing as one of the leading postal corporations in the world. – Emirates News Agency, WAM –http://www.wam.ae/en/news/emirates/1395279751782.html

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ADEC: More than 4,000 15-year-old students take part in PISA 2015
posted on 27/04/2015

More than 4,000 students from across private and public schools in the Emirate of Abu Dhabi are taking part in the Programme for International Student Assessment (PISA), a survey which aims to measure how far 15-year old students approaching the end of their schooling education, have acquired knowledge and skills essential for full participation in a knowledge based economy.
Speaking about the three-year global assessment that examines the performance of 15-year old students in key skill areas such as Reading, Mathematics and Science Literacy, Dr. Amal Al Qubaisi, Director-General of Abu Dhabi Education Council's (ADEC), said: "As part of ADEC's commitment to provide quality education to all students equally, students from both the public and private school sector, will participate in PISA 2015, which will help generate accurate and updated information on achievement levels, thus leading to implementing best practices with particular emphasis on Science, Technology, Engineering and Mathematics (STEM)."
The PISA survey will be conducted across 117 schools in both Arabic and English languages. Out of the 117 schools, 68 schools will complete the survey in Arabic and 49 schools in English; approximately 42 students have been randomly selected to take part in the survey from each of those schools.
"ADEC is taking part in the PISA 2015 survey with over 40 different countries across the world, with approximately 4,500 students representing each country. Students are selected from a random sample of public and private schools, with the aim of monitoring progress in meeting key learning objectives. This initiative coincides with ADEC's strategy plan to help cater to socio-economic market needs through graduating a competent and reliable workforce of youth," she added.
The PISA survey helps create a better understanding of the level of motivation among students to learn, as well as their performance and preferences for learning situations in Reading, Mathematics and Scientific Literacy. It also creates a better understanding about a students' attitude towards learning, their beliefs about themselves and their learning strategies.
Speaking about how PISA works, Engineer Hamad Al Dhaheri, the TIMSS and PISA Committee Head, and ADEC's PSQA Executive Director, said: "The assessment is forward thinking, focusing on young people's ability to meet real life challenges and how effectively they can apply their knowledge and skills to different contexts. PISA 2015 focuses on Science, which is great, since it helps us identify strengths and weaknesses in student achievement in that particular subject as well as create deep policy insights through comparisons with other countries."
The survey includes a two hour assessment of students' knowledge and skills in reading literacy, mathematical literacy, scientific literacy and problem solving, as well as background questionnaires that explore students' attitudes to learning and their learning environment.
"Once results are released in December 2016, ADEC will share findings with the all Abu Dhabi schools. The findings will identify areas of success that can be celebrated and also identify areas where improvement are required. School leaders will be invited by the beginning of 2017 to learn more about how the results and recommendations that can help further improve teaching and learning in their schools," explained Engineer Al Dhaheri.
In efforts to familiarise schools with these assessments, over 350 school coordinators, test administrators and ICT coordinators from across PISA 2015 participating schools, will be trained on how to implement the survey two weeks prior to the test.
Participants will be trained on how to fill out forms, how to implement the test, how to secure confidential related paperwork in a safe area, how to make sure the only people present with students on the survey day are test administrators, how to fill out an attendance form, and how to report back to ADEC with all the material filled out.
The first PISA survey will take place in English speaking schools from April 21st to 30th April 2015, followed by Arabic speaking schools, Ministry of Education schools and Asian schools, who will take the test from 18th May to 25th May 2015.
"The fact that the focus in PISA 2015 is on Science, happens to coincide with our recently announced Cycle 3 model which focuses on strengthening exposure towards STEM related subjects, as well as introduces electives that are related to the Science Stream. We are proud of our schools and students for taking part in this nation wide initiative and wish them the best of luck in their education and upcoming future careers," concluded ADEC's Director General. – Emirates News Agency, WAM –http://www.wam.ae/en/news/emirates/1395279755053.html

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Noor Dubai visits Carter Centre
posted on 27/04/2015

A delegation from Noor Dubai Foundation, led by chairman Essa Al Maidoor, has visited The Carter Centre, a non-profit group in the US.
Jimmy Carter, former US president and the centre's chairman, welcomed the delegation and presented a report on the progress of the trachoma elimination programme being conducted by the foundation and the centre in Ethiopia.
The three-year programme was initiated in January last year to eliminate the eye infection from the Amhara region, the part of the country where it is considered most prevalent. – The National - http://www.thenational.ae/uae/noor-dubai-visits-carter-centre
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World famous author Brandon Sanderson signs books at SCRF 2015
posted on 27/04/2015

World-renowned writer, Brandon Sanderson, pleased a legion of adoring fans during a book signing event yesterday at the 7th Sharjah Children's Reading Festival, SCRF 2015, when he had signed several visitors' books.
The American author has published eight solo novels throughout the past decade, alongside popular series Tor-Elantris, the Mistborn books, War Breaker, The Way of Kings, the young adult fantasy Rithmatist collection, as well as four books in the middle grade Alcatraz Versus the Evil Liberians series from Scholastics.
A fervent reader from a very young age, Brandon's presence at SCRF 2015 has inspired many children at the festival to pursue their love of literature. Speaking about the event, he said, "I want to thank Sharjah for having me in for the Children Children's Reading Festival, it is fantastic - the hospitality is amazing here, the people are a lot of fun and there are tons of readers."
The writer's infatuation with fantasy came by way of his eighth grade teacher who gave him a copy of Dragons Bane by Barbara Hambly, and he soon became a fan of authors like Robert Jordan, David Eddings, Anne McCaffrey, Melanie Rawn, and Orson Scott Card. Brandon continued to be an avid reader through junior high and high school. – Emirates News Agency, WAM –http://www.wam.ae/en/news/general/1395279742444.html

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Capital Club goes a little bit ‘50s for the grand ‘7 Year Itch’ anniversary party
posted on 27/04/2015

Capital Club, Dubai's premier private business club and a member of the ENSHAA group of companies, celebrated its 7th anniversary on April 16th in a retro-inspired throw back to the glitz and glam of the 1950s.
The event, based on the famous Marilyn Monroe film, "The Seven Year Itch", saw 800 Members and their VIP guests embrace the glamorous theme.
The Club was superbly crafted in 1950s decor and the food followed the theme. The Club's General Manager, Emma Cullen, who always embraces the themes personally, said, " This annual bash is all about our members, the team throw in their all, they work tirelessly to ensure that each year we bring something even better than the last. We are now known for our theming and quality food and beverage and providing all the ingredients for club members to relax, have fun and impress their guests. This year's post party feedback has been phenomenal. "
The various floors transported guests to different parts of the 50's era, and featured a Swing Revue on the club's podium level. – Emirates News Agency, WAM – http://www.wam.ae/en/news/general/1395279740541.html

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Abu Dhabi International Book Fair to entertain visitor with music feast
posted on 27/04/2015

The Abu Dhabi International Book Fair, ADIBF, is to feature three musical performances by regional artists in its 25th anniversary, from 7th to 13th May, at Abu Dhabi National Exhibition Centre, ADNEC.
Organised by the Abu Dhabi Tourism and Culture Authority, the exhibition's visitors will be able to enjoy the superb sounds of a trio of traditional musicians as the perfect accompaniment to the more literary pursuits on offer.
First, on May 8th, Egyptian folkloric ensemble Mazaher will thrill the crowds with a rare performance of traditional music. One of the rare musical styles in which women play a leading role, the music presented by Mazaher is inspired by three different styles of traditional music practiced in Egypt .
Second, on May 11th, visitors will be treated to a performance by Gnawa ensemble, Boussou Ganga. Led by the Morroccan artist, Hassan Boussou, Boussou Ganga, one of the foremost masters of the Gnawa style in the world, will perform pieces from the traditional music which emerged with the African slaves brought to Morocco.
Rounding off the musical marvels at this year's event will be SherineTohamy, who will perform Oud music in homage to the late Sheikh Zayed bin Sultan Al Nahyan on 12th May. The Egyptian performer was the first female student to graduate from the Arab Oud House in Cairo and is famous for performing at the first International Oud festival in Egypt .
The region's fastest growing book fair, ADIBF attracted 1,125 publishing houses last year with more than 100 authors participating in its seminars and discussions. Almost 250,000 people visited ADIBF 2014 and sales grew to Dh 35 million. – Emirates News Agency, WAM –http://www.wam.ae/en/news/emirates/1395279731109.html

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