Archive for October, 2008

Maktoum discusses housing policy plan

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and First Deputy Chairman of Executive Council, chaired the council’s ordinary session at the Emirates Towers yesterday. The meeting reviewed the proposed formula of the general housing policy of the emirate as Sheikh

DuPont office in Abu Dhabi opens

US-based DuPont, a 206-year-old science company, yesterday announced the official opening of its office in Abu Dhabi. This is the second office in the UAE and the seventh in the region. It has offices in Cairo, Dammam, Dubai, Istanbul, Jeddah and Karachi. "Emerging markets present

German team starts UAE visit from today

ABU DHABI German Federal Foreign Minister Frank-Walter Steinmeier is visiting the UAE today as part of a regional tour that is taking in Saudi Arabia and Pakistan. Steinmeier, who is leading a high-level political and economic delegation, will hold talks with senior UAE officials on ways to

Etisalat plans to focus more on enterprise segment

Etisalat, the UAE’s telecommunications service provider since 1976, is no more focused simply on the consumer and consumer-related services. The company is looking at expanding its horizons by opening offices across the world, acquiring companies and expanding business opportunities. The

We need instruments to bring Gulf money back from abroad

In a volatile global period, the UAE and Gulf are reacting with great speed to protect and support their financial systems. The region’s stock markets have plummeted in response to the worldwide crisis, and Sheikh Khaled bin Zayed Al Nehayan, Chairman of Tamweel, Salama and Bin Zayed Group,

RAK dedicates $50m plant

Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, yesterday officially dedicated the new $50 million (Dh183.5m) float glass plant of Guardian Zoujaj International Float Glass Company (Guardian RAK). The Guardian RAK plant, which began full production in September

Colombia seeks UAE investment

General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, received at his Al Bateen palace yesterday Colombian Minister of Trade, Industry and Tourism, Luis Guigermo Plata Paez. Sheikh Mohammed stres-sed the importance of exchange

Distinctive number plates fetch Dh23.5m for RTA

A number plate bearing the number 30 was sold for Dh4 million at the 59th Distinguished Number Plates Auction organised by the Roads and Transport Authority (RTA). The total auction fetched Dh23.5m for 75 numbers of two, three, four and five digits. The number of official bidders, and who paid a

Dubai airport to get face recognition units

The Dubai Naturalisation and Residency Administration (DNRD) will soon introduce four biometric face recognition surveillance camera units at the Dubai International Airport. The new biometric system is part of UAE Community Protection Face Recognition System. It can capture the facial images

Coal can be an alternative energy source to oil for the UAE

The UAE’s construction boom is creating massive demand for energy and coal could help meet this need, says Madhu Koneru, Managing Director of Ras Al Khaimah Minerals & Metals Investments (RMMI). RMMI was established in 2005 as a joint venture between the Ras Al Khaimah Investment Authority