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DUBAI NEWS

UAE Water Aid Campaign collects AED111 million on its 13th day
The raised amount will helps provide clean drinking water to 4,454,000 people in developing countries, or 89% of the campaign’s target.

Dubai Holding donates AED5 million for U.A.E. Water Aid initiative
Dubai Holding has donated AED5 million to the U.A.E. Water Aid campaign launched recently by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum.

Boeing, Emirates Finalize Order for 150 777Xs
Boeing and Emirates Airline have finalized an order for 150 777Xs, valued at $56 billion at list prices.

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DUBAI FEATURES

Mall Of The World
Located on Sheikh Zayed Road, the Mall of the World is planned to cater for 180 million annual visitors, with the roof extending Dubai’s normally seasonal tourism industry into the hot summer months. “Our ambitions are higher than having seasonal tourism,” said the UAE’s Prime Minister Sheikh Mohammed Bin Rashid. “Tourism is key driver of our economy and we aim to make the UAE an attractive destination all year long. This is why we will start working on providing pleasant temperature-controlled environments during the summer months. We are confident of our economy’s strength, optimistic about our country’s future and we continue to broaden our vision.”

Dubai-Canada trade grows 61% to AED2bn in Q1 2014
H.E. Sultan Ahmed Bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation (PCFC), discussed future prospects of cooperation between PCFC and the Canadian government with Ed Fast, the Canadian Minister of International Trade. The discussion took place during the meeting that was held in Vancouver- Canada, as part of the current official visit by H.H. Sheikh Abdullah bin Zayed al Nahyan, Minister of Foreign Affairs, to Canada.

Etisalat completes 95 percent SIM registrations
Etisalat has successfully completed registering 95 percent of its entire database of mobile customers under the Telecommunication Regulatory Authority, TRA, initiative ‘My Mobile, My Identity’, as the deadline for SIM card registrations draws to a close on July 16th. Etisalat has followed U.A.E. TRA’s ‘Registration Requirements for Mobile Consumers’ campaign, which began in mid-2012, in order to record and update all of Etisalat’s customer information. The primary objective of the mandate is to protect customers from confidentiality infringement and to minimize hazards of illegal SIM cards.

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ABU DHABI NEWS

Iskandar Najjar Joins ADS Securities
ADS Securities, the Middle East’s leading independent forex trading services company has announced thatIskandar Najjar, the former CEO of Alpari ME has joined the company.

ADP Organizes The Seven-Star Traffic Services Forum
The Abu Dhabi Police, represented by the Directorate of Traffic and Patrols, organized yesterday Monday the first forum for the traffic services under the theme of 7-star Traffic Services and was held at the Ritz Carlton Hotel in Abu Dhabi.

Etihad Airways Strengthens Revenue With Soaring Passenger And Cargo Volumes In First Half Of 2014
Etihad Airways, the national airline of the United Arab Emirates, has reported double-digit growth in passenger and cargo volumes during the first half of 2014, marking its strongest ever performance for the six-month period, with total revenues increasing to US$3.2 billion.

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ABU DHABI FEATURES

UAE based compareit4me.com closes first round of funding
compareit4me.com, the UAE based finance comparison site has announced the completion of its first round of funding at a valuation of over $3 million. The investment was led by Mulverhill Associates, a Dubai based investment and advisory firm focused on the Middle East. Jonathan Hall, Managing Director of Mulverhill Associates said ‘it’s fantastic to be involved with such an energetic and rapidly growing company as compareit4me.com. They have bootstrapped their way to being industry leaders, have 15 active banks working with them, are already profitable and most interestingly for us, they have enormous growth potential.’ Hall continued,’compareit4me has a significant foothold in a fantastic industry, it is a business model that has been extremely successful in other markets and we are delighted to be supporting the team.’

Emirates Global Aluminium
Emirates Global Aluminium is a jointly-held, equal-ownership company formed by Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai combining their respective aluminium industry interests. EGA’s core operating entities are Dubai Aluminium ("DUBAL") and Emirates Aluminium ("EMAL"), whose combined annual production capacity is set to reach 2.4 million tonnes per annum by mid-2014, which will make EGA the fifth largest aluminium producer in the world. The UAE-based EGA also owns Guinea Alumina Corporation, and a stake in Cameroon Alumina Limited, both being bauxite mine and alumina refinery development projects. In addition, EGA has plans for significant local growth and international expansion.

UAE seeks to strengthen economic ties with China
Opportunities for strengthening economic ties between the U.A.E. and China were the focus of talks during a two-day visit to China by U.A.E. Minister of state, Dr. Sultan Al Jaber. The visit is expected to lay the ground work for increased economic activity between U.A.E. and China which is growing at more than 14 per cent annually. Discussions explored opportunities for collaboration and investment across sectors of mutual interest, including energy, infrastructure and technology.

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SHARJAH NEWS

 
MOI Ramadan Councils To Kick Off In Sharjah Tomorrow
The Ramadan Legal Councils events organized by The Ministry of Interior, represented by the Law Respect Culture Bureau at the General Secretariat of the Office of H.H Deputy Prime Minister & Minister of Interior continue as tomorrow.

Shurooq Revives Historical Souq Al Shinasiyah In The Heart Of Sharjah
Under the directives of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, the Sharjah Investment and Development Authority (Shurooq) commenced construction works to rebuild Souk Al Shanasiyah, a historical souk situated at the Heart of Sharjah,

SIBF Participates In American Library Association Annual Conference
The Sharjah International Book Fair (SIBF) is participating in the Annual Conference and Exhibition of the American Library Association (ALA Las Vegas).

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SHARJAH FEATURES

Sharjah Commerce and Tourism Development Authority
Established in 1996 by the Government of Sharjah, the SCTDA has been in the forefront of promoting and taking Sharjah to the world with its relentless efforts and unmatched enthusiasm. The Authority constantly explores possibilities and avenues of promoting and developing tourism and commercial sectors in the emirate through special events, activities and festivals at home and around the world. It pursues its goals by planning and drawing up strategic plans to promote and develop tourism sector in all its forms. It conducts social and economic research and studies as well to evolve its strategies and pursue its goals. And as part of its strategy to promote Sharjah, SCTDA participates in local, regional and international exhibitions, focusing on the factors of distinction and exclusivity.

The Economist praises Sharjah’s efforts in water conservation
The Economist, a weekly international news and business publication, has confirmed that Sharjah s per capita consumption of water is consistent with the recommendations of the United Nations, pointing to the emirate’s numerous efforts in water conservation. A report by Sharjah Media Centre mentioned that the magazine in its recent issue titled "The World in 2014", commended on the fact that daily water consumption in Sharjah is estimated at around 200 liters per person, which is the average recommended by the UN.

UAE - Russia seek to increase trade exchange to US$7 billion
UAE and Russia have agreed to increase their trade exchange by 133 per cent from US$3 billion to US$7 billion in the coming period, and stressed on the need for preparing a relevant action plan to specify areas of cooperation and joint investments, in various sectors including oil and gas, agriculture, industry, small and medium size enterprises (SMEs).

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