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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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TUESDAY, 17 OCTOBER 2006
 President receives Islamic scholars
President H.H. Sheikh Khalifa bin Zayed Al Nahyan received yesterday evening the Islamic scholars and preachers who are in the country at his invitation during the holy month of Ramadan. Present during the meeting were Sheikh Sultan bin Zayed Al Nahyan, Deputy Prime Minister, General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces and Sheikh Hamdan bin Zayed Al Nahyan, Deputy Prime Minister.
The meeting discussed issues of
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![]() Khalifa reviews NEC programme
President H.H. Sheikh Khalifa bin Zayed Al Nahyan received in Abu Dhabi yesterday evening Dr Anwar Mohammed Gargash, Minister of State for FNC Affairs and Chairman of the National Elections Committee (NEC). Sheikh Khalifa reviewed the programmes of NEC which is assigned to oversee procedures to elect half of the members of the Federal National Council (FNC). Sheikh Khalifa expressed satisfaction over preparations made by the NEC to guarantee success for the electoral process. He urged the
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 National Election Committee to upgrade e-voting system
The National Election Committee has reviewed means to upgrade the e-voting system for the coming Federal National Council's election to ensure it is user friendly and to maintain security of the system and privacy of the electorate.
During the meeting, held at the Presidential Palace and chaired by Dr Anwar Gargash, State Minister for FNC Affairs, a presentation on e-voting was shown. The committee suggested that the establishment of a model e-voting centre be fast tracked to educate
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 UAE students Stand Up to help eradicate global poverty
Thousands of students across the UAE took part in events yesterday to "Stand Up" and be heard on the occasion of the International Day for the Eradication of Poverty. With early estimates of 1.6 million participants worldwide, the campaign clearly surpassed the figure needed to set a Guinness World Record for the highest number of people to "Stand Up" against poverty.
Students from 17 schools throughout the UAE were among all those worldwide taking part in the landmark campaign, a collective
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 Journalists must hunt for truth, Mohammad tells media men
His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, hosted an Iftar banquet in honour of the local and international media. Sheikh Mohammad said his favourite name for journalism was the profession of hunting for the truth and exposing wrongdoings. Journalists, he said, should be the nation's conscious voice and catalysts for change.
Commenting on the economic prospects of the UAE in the light of the mega real estate projects
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 Bird flu guide for travellers launched
The Secretariat of the National Committee for Emergency Response to Bird Flu has launched a mini guide for travellers. The guide contains advice in Arabic, English, German, French and Hindi and is part of the awareness campaign entitled 'Better Safe than Sorry' which was launched in 2005.
The guide is being distributed not only at the country's airports but also at land and sea entry points. It targets those departing or arriving from affected areas around the world, the Environment Agency -
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![]() Figures for Dubai population released
The census population, houses and establishments in Dubai showed that the number of UAE nationals aged 10 years and above was 106,867, a total of 77.7 per cent of the emirate's total national residents. Among the national residents of Dubai, 49.8 per cent are male, while 50.2 per cent are female. Arif Obaid Al Muhairi, Director of the Census Centre at the Dubai Municipality sad that the majority of national residents hold a secondary school degree, making up 31.5 per cent of national residents.
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 Dubai keen to play major role in gold hedging
As the nerve centre of gold trade in the world, Dubai must have the functional ability to play a major role in hedging gold prices, said Arshad Khan, director, Dubai Gold and Commodities Exchange (DGCX). The DGCX is the world's newest online commodities derivatives exchange.
Addressing a gathering of industry experts and representatives on "Trends in Trading in Gold Futures and its Implications on Gold Prices" at the Gold and Precious Metals Investment World 2006 conference held in Hong
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 DIFX becomes global leader in sukuk with Dh550.5m listing
The Dubai International Financial Exchange (DIFX) yesterday listed a US$150 million (Dh550.5m) sukuk, making the exchange the global leader in sukuk by listed value. The sukuk was created by the Kuwait-based The Investment Dar Company (TID) and raises the total value of Sharia-compliant bonds on the DIFX to US$4.11 billion (Dh15.1bn).
Per E Larsson, Chief Executive of the DIFX, said: "As the international exchange of the Middle East and surrounding countries, the DIFX is a natural home for
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 ADCB realizes record profit of Dh1,616 Million
The Abu Dhabi Commercial Bank (ADCB) announced a record net profit for the 9 months period of 2006 of Dh1,616 million against Dh1,425 million for the same period last year, an increase of 13 per cent. Eirvin Knox, CEO of ADCB, attributed the strong results to growth in core businesses which was complemented by the bank's participation as a receiving bank in the first quarter capital markets' IPO issues.
"If you eliminate the impact of profits from IPO activity from the year on year results,
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 First Gulf Bank's net profit hits Dh1.14b
Abu Dhabi based First Gulf Bank yesterday announced results for the first nine months of 2006, reporting a 60 per cent increase in net profits to Dh1.14 billion compared to the same period last year, a figure that exceeds the total annual profits for 2005.The bank's business is maintaining steady growth with total assets increasing by 37 per cent to Dh36.1 billion in September 2006 from Dh26.3 billion in December 2005. Loans and advances increased from Dh13.6 billion to Dh22.2 billion, while
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![]() Commercial Bank of Dubai net up 39.1%
Commercial Bank of Dubai, the UAE's 10th biggest bank by assets, said yesterday its third quarter net profit jumped 39.1 per cent from the same period a year ago. The bank said in a statement that net profit in July-September rose to Dh157.65 million from Dh113.34 million last year. Total income climbed 34.3 per cent to Dh232.15 million.
In the nine months to September, net profit rose 12 per cent to Dh441 million. Total assets rose 26 per cent to Dh17.788 million, customer deposits by 19
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 ALDAR develops plan to house middle income UAE nationals
ALDAR Properties PJSC today announced a new approach to master planned urban communities for middle income families. The Abu Dhabi Government has recently announced a new approach to delivering public housing. ALDAR have welcomed this initiative and plan to develop a new community for UAE Nationals on the outskirts of the capital city.
The new city, Al Falah, will create optimum urban environments for all those who benefit from public housing in Abu Dhabi. It will comprise of a series of
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 RAK Properties registers Dh376m profit
RAK Properties yesterday announced a net profit of Dh376.6 million for the nine-month period ending September 30. This accounted for 18.8 per cent of the company's Dh2 billion capital, while its assets amount to Dh2.53bn. RAK Properties was formed in March 2005 and issued an IPO the same month, offering 55 per cent of the company, with the remaining 45 per cent retained by the Ras Al Khaimah Government.
The company launched its first project, the Dh500m Julfar Towers, in February 2006.
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 Emaar wins Euromoney awards
Real estate major Emaar Properties has been awarded "Best Developer in the UAE" for the second consecutive year at the Euromoney Real Estate Awards. Emaar also won the "Best Developer in Egypt" award.
Euromoney, an authoritative magazine on global financial markets, launched the Real Estate Awards last year to honour developers of high quality and profitable projects. Industry professionals vote to choose the winners. Completed projects as well as those in the planning stage are considered
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