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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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THURSDAY, 19 OCTOBER 2006
 Mansour bin Zayed receives Lebanese official
The UAE will continue to support Lebanon until it regains its strength in all aspects, said Sheikh Mansour bin Zayed Al Nahyan, Minister of Presidential Affairs. Sheikh Mansour made his remarks during a meeting here on Wednesday with Dr. Radwan Al Sayed, Advisor for Islamic and Political Affairs to the Lebanese Prime Minister Fuad Seniora.
"We will keep in motion the initiative of President H.H Sheikh Khalifa bin Zayed Al Nahyan to clear Southern Lebanon from landmines and cluster bombs so
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 Phase 1 of UAE neighbourhood in Indonesia completed
Jakarta - The first phase of the UAE- funded residential township project in the Indonesian region of Aceh was officially inaugurated on Tuesday. The project is part of an aid package donated by the United Arab Emirates to Indonesia following the massive earthquake that triggered a devastating tsunami in Aceh region on 24 December 2004. Of the 200 housing units built within Phase 1 of the project, 18 were handed over to their new owners, all of whom were victims of the natural disaster. The new
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 UAE reiterates commitment to protecting childhood
New York- "The UAE has enacted new laws and took necessary measures to ensure the protection of children's interests and rights through signing relevant regional and international treaties on and creating special bodies to implement provisions and the recommendations of international conferences on those issues", said Maryam Al Shamsi, Member of the UAE Delegation to the UN.
Addressing the United Nations Third Committee on the Promotion and Protection of the Rights of The Child yesterday, Al
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 UAE sets record in poverty campaign
The people of the UAE became world record breakers yesterday when the official figures for the Stand Up Against Poverty campaign were released. A staggering 23,542,614 people stood up all over the world as part of the global awareness campaign to eradicate poverty.
A total of 20,003 people, came together across the UAE as more than 21 simultaneous "Stand Up” events took place in the country. The benchmark set by worldwide officials from the Guinness Team was set at 10,000 globally, however,
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 NEC announces election dates for each Emirate
The National Election Committee (NEC) announced that the Federal National Council (FNC) elections will take place on three designated dates in December. The elections will start on December 16th in Abu Dhabi and Fujairah, followed by December 18th in Dubai and Ras Al Khaimah (RAK). Sharjah, Ajman and Umm al-Qaiwain's elections will be held on December 20th, 2006. The NEC took into consideration the geographic, demographic, and logistical elements of the Electoral College lists when deciding
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 ADNOC Distribution cuts diesel prices
The Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) announced here on Wednesday that it would slash diesel prices by 20 fils per a gallon. An official source at the company told WAM that the decision will be effective from Thursday 19th,2006. According to the decision, diesel price will be reduced from its current Dhs.9 to Dhs.8.80 per gallon. The price cut was adopted in view of the current developments in the global oil market, which is mired in falling prices of crude
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 Demand for new fuel E-plus increasing: Adnoc Distribution
The Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) said here today that demand for its new product E-plus was increasing, hitting over 60% during the first week of the launch of the product. Described as cost-effective and environment-friendly, the new brand was launched on Oct 8th 2006. The company said an initial survey of the market revealed that around 40% of the motorists would shift to the use of the new fuel. This rate has already risen to over 60% in some
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 Thuraya officially releases world's smallest satellite phone
Abu Dhabi-based Thuraya Satellite Telecommunications Company has officially released its second-generation handheld phones. The lightest and smallest in the industry, the SO-2510 and the SG-2520, have received rave reviews since their soft launch a few months ago.
The SO-2510 was a runaway success as the initial shipment of 10,000 units was sold out in September. Thuraya plans to sell 90,000 units in 12 to 15 months. The SG-2520 smart phone will be commercially available later this year,
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 UAE mobile subscribers to top 5.7 million by 2010
UAE telecom consumers can expect lower calling rates in the next four years, according to the forecast by BIS Shrapnel, an Australia-based provider of research, analysis and forecasting services. In its report Cellular Forecast Report up to 2010, BIS Shrapnel predicts that the airtime rate in the UAE will fall by almost 50 per cent by 2010.
From the current rate of about 30 fils per minute, the airtime rate, according to the forecast, will fall to as low as 20 fils per minute. "Etisalat has
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 Emaar Education to open first international school
Emaar Education, the education arm of Emaar Properties, has received in-principle approval from the Singapore Ministry of Education to open its first international school in the country in January 2007.
Raffles Campus, the Singapore-based premier education provider that was recently acquired by Emaar, will provide educational expertise to E R International School (ERIS).
"Emaar's education initiatives are in line with the company's Vision 2010 of becoming one of the most valuable
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 Dubai Flower Centre to tap US$1 billion Indian floriculture export market
Dubai Flower Centre (DFC), the only state-of-the-art transshipment facility for perishable goods in the region, is well poised to tap the Indian flower export market which is expected to exceed Dh3.67 billion (US$1 billion) by 2010.
Ibrahim Ahli, Marketing Director, DFC said "Geographical location and superior infrastructure are two major factors that will favour Indian exporters if they decide to use the 180,000-tonnes per annum capacity DFC, which went operational in July this year." DFC
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 ADIB profit for Q3 up 70.11pc
Abu Dhabi Islamic Bank (ADIB) made a net profit of Dh405 million during the third quarter of the financial year. This is an increase of 70.11 per cent over the same period last year. During the same period last year the bank earned a net profit of Dh238 million. The shareholder's equity on September 30, 2006 hasrisen to Dh2.5 billion, as against Dh1.8 billion of September 30, 2005, recording a growth of 39 per cent.
The earnings per share has also risen from Dh2.38 by the end of September
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 Rakbank net profit rises 39% to Dh193m
The National Bank of Ras Al Khaimah reported a net profit of Dh193 million for the nine months to September 30, a 39 per cent increase over the same period in 2005. Earnings per share rose to Dh0.36 compared to Dh0.26 for the year-ago period.
The net profit in the third quarter of 2006 at Dh73.14 million represents growth of 14 per cent over the second quarter 2006 results, underpinning the consistent growth of the underlying business. The growth in revenue and other income has been
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 Istithmar planning US$7b spending spree
Dubai government investment agency Istithmar is planning European and North American acquisitions worth US$7 billion before July 2007 in industries such as media and manufacturing, according to its CEO. Istithmar, which this month paid US$1 billion for a 2.7 per cent stake in London-based Standard Chartered, is looking to buy a controlling stake in a western European media company in a deal worth US$4 billion, David Jackson, Istithmar's chief executive said.
"It's well positioned as a player
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 DGCX to start trading fuel oil derivative contracts on October 30
The Dubai Gold and Commodities Exchange (DGCX) the world's newest online commodities derivative exchange will begin trading fuel oil contracts at the end of this month. DGCX also plans to trade gasoline derivatives next year.
On October 30 DGCX will launch the Fujairah 380 CST high sulphur fuel oil futures contract to be followed by six consecutive forward month contracts with January 2007 being the near month contract. The contract will be traded in lots of 100 metric tonnes of 4.5 per cent
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