Archive for January, 2010

Emirates and Visa to offer free Tourist Visas during Dubai Shopping Festival 2010

Emirates and Visa have teamed up to offer one month free Tourist Visas during the Dubai Shopping Festival (DSF) which will begin from January 28-February 28, 2010. Valid for all Emirates destinations that require a Visa for entry into Dubai, the promotion is open to passengers in any class of travel – provided a return ticket is purchased in the UAE with a valid VISA credit, debit or prepaid card and a family member sponsors the stay. Tickets must be booked and paid in the UAE during the two week sale period which already began on January 19, 2010 and will continue till February 1, 2010. The free Visa campaign has been introduced to help families across the Emirate bring their families to Dubai, without paying for Visas.

Khalid bel Jaflah, Vice President Commercial Operations UAE, Emirates’ said, “Partnering with Visa, Emirates has developed another promotion that helps families come together to experience one of Dubai’s most acclaimed and glittering events, DSF. The free Visa promotion takes into account that the cost of Visas which can be a determining factor in whether people can afford to travel or not.”

Jaflah added, “Emirates has been a long term supporter of the Dubai Shopping Festival. DSF highlights the amenities available in Dubai, putting the Emirate on the world stage and attracting huge volumes of visitors each year. We hope that this promotion will encourage even more families to visit Dubai during this festival.”

Commenting on the joint initiative, Kamran Siddiqi, General Manager for Gulf Cooperation Council (GCC), Levant, Pakistan and Afghanistan, Visa said, “We are delighted to partner with Emirates to offer this free Visa promotion to Visa cardholders. As an official sponsor of DSF we are delighted to be able to make it easier for people to experience the shopping festival and extend the benefits of using a Visa card to tourists visiting Dubai during this period.”

Dubai Tours  Abu Dhabi Tours

Be the first to comment - What do you think?  Posted by admin - January 21, 2010 at 7:52 pm

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Dräger buys back Siemens stake in Dräger

Drägerwerk AG & Co. KGaA, Lübeck, is to purchase the 25 percent minority stake in Dräger Medical AG & Co. KG held by Siemens AG, Munich. The Managing Board of Siemens AG approved the move, as did the corresponding bodies at Drägerwerk AG & Co. KGaA.

“Purchasing this stake at an acceptable price will boost group earnings in 2010. This move also reduces complexity and allows us to establish ourselves as an integrated technology group,” outlines Stefan Dräger,
Chairman of the Executive Board of Drägerwerk Verwaltungs AG. The purchase also means that the Siemens stake will go directly towards the profit generated by the medical division in the future (2008: EUR 14 million).

This will also lead to tax advantages as a result of creating a tax group (tax revenue 2008: EUR 4.5 million) as well as reduced administrative costs and savings of between EUR 10 and 15 million from pooling purchasing volumes. The buyback allows the group to enjoy all the advantages of a joint functional structure. “There is also no risk of further integration with this purchase,” emphasizes Dräger. The buyback of the Siemens stake will not spell the end of the good cooperation between Dräger and the Munich-
based company.

Be the first to comment - What do you think?  Posted by admin - January 20, 2010 at 1:21 am

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Lubna to tour India to sell UAE investment and trade offers (Expanded)

sheikha-lubnaAbu Dhabi, Jan 19th, 2010 (WAM) — H.E. Sheikha Lubna Bint Khalid Al Qasimi, UAE Minister of Foreign Trade (MoFT), will lead a senior trade and investment delegation comprising around 20 federal, local and private representatives during a promotional tour in India which will run from February 8 to 12, 2010. The group will promote business and investment opportunities in the UAE to the four cities of New Delhi, Mumbai, Hyderabad and Bangalore.

The delegation will include other MoFT officials, including Director General H.E. Abdullah Ahmed Al Saleh. Representatives from the Ministry of Economy; the UAE Central Bank; the Federation of Chambers of Commerce and Industry; chambers of commerce and industry in UAE; the Department of Economic Development in Abu Dhabi; and the Free Zone Authority in Fujairah and Ras Al Khaimah will join as well, in addition to other key federal and local agencies.

A UAE exhibition of traditional industries and handicrafts for small business owners will be organized on the sidelines of the promotional tour to showcase the Emirates’ heritage businesses. This event will facilitate interaction between the two countries’ producers on possible investments and partnerships into these types of industries; it will also enhance the appeal of the UAE’s craft industries within the Indian market.

During their visit, H.E. Sheikha Lubna will meet with local ministers and trade and economic leaders to discuss the strengthening of bilateral cooperation and the development of joint investment projects utilizing the UAE’s trade and investment facilities. Representatives from the UAE’s local and federal agencies will also discuss the same issues with the host country’s government representatives and economic and investment leaders. The Sharjah-based Indian Trade Center and Exhibition in the Middle East will also highlight its achievements alongside those of Indian companies operating in the UAE in addition to the various opportunities offered by the emirate and the entire country to Indian and international investors.

H.E. stressed the importance of the promotional tour in highlighting investment opportunities in the UAE markets. The UAE’s non-oil trade with India reached USD 1.32 billion last year to surpass the 2007 figure by 48 per cent and make India the Emirates’ top international trade partner. Sheikha Lubna pointed out the key role of the Indian market in advancing the UAE’s non-oil exports, which amounted to USD 4.9 billion. The value of re-exports from the UAE to India for the same period, meanwhile, totaled USD 10.4 billion.

The UAE Minister emphasized that cooperative efforts can be undertaken in every economic sector due to similar potential in terms of expertise, modern technology, funding and energy resources, which she noted are essential investment elements. She added that further discussions in this area should be held and that special committees should be formed to follow up the implementation of future collaborative initiatives for the benefit of both parties.

Sheikha Lubna explained that India is a large consumer market with a population of more than 1 billion people, and can accommodate national products that match the quality of many foreign goods as well as products of the GCC in general.

H.E. added that the two countries could focus on joint private projects in fields such as IT, computers, and related industries in order to meet local and regional demand. These, she said, would be backed by the UAE’s numerous investment incentives and India’s technology expertise.

The Minister emphasized that India could enhance its re-exports by leveraging the UAE’s strategic geographical location, modern facilities provided to investors, and highly competitive services offered by its many world-class ports. She explained that the UAE can help Indian products gain easy access to, and avail of the various opportunities available in, the region’s market of 300 million consumers.

Be the first to comment - What do you think?  Posted by admin - at 1:10 am

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Burj Dubai Opens – renamed as Burj Khalifa by HH Sh. Mohammad

burj-khalifa-openingDubai has opened the world’s tallest building, a glistening concrete, glass and steel pinnacle rising 828 metres out of the desert sands.
Blazing fireworks rippled up and down the massive structure after it was officially opened by Dubai ruler Sheikh Mohammad bin Rashed al-Maktoum.

He renamed the building, previously known as Burj Dubai, Burj Khalifa in honour of United Arab Emirates President Sheikh Khalifa bin Zayed al-Nahayan.

“Today the United Arab Emirates achieves the tallest building ever created by the hand of man… and this great project deserves to carry the name of a great man. Today I inaugurate Burj Khalifa,” Sheikh Mohammad said.

Parachutists bearing the UAE colours of red, green, black and white then touched down as a giant portrait of Sheikh Khalifa was projected on an outer wall of the structure which cost $US1.5 billion to erect.

In the fireworks spectacle that followed, blossoms of flames crackled up and down the huge building and out into the Dubai night sky, followed later by lasers sweeping the horizon from the tower’s many levels.

Dubai hopes the opening of the Burj Khalifa – the latest in a series of grandiose projects – will burnish an image tarnished by its crippling debt woes.

The needle-shaped tower, described by its developer as a “vertical city” as it dwarfs existing skyscrapers, boasts new limits in design and construction.

Emaar Properties, the partly government-owned developer, had maintained the suspense about the skyscraper’s final height, saying only that it exceeded 800 metres.

On Monday it said the tower had more than 200 floors, only 160 of which would be inhabited, while the remaining floors were for services.

Burj Khalifa has a total built-up area of 530,000 square metres, including 170,000 square metres of residential space and more than 28,000 square metres of prime office space, Emaar said.

This amounts to 1,044 apartments and 49 floors of office space, served by 57 lifts. It also has a hotel carrying the Georgio Armani logo.

Bill Baker, a structural and civil engineer and partner in Chicago-based Skidmore, Owings and Merrill (SOM), which designed the tower, said it has set a new benchmark.

“We thought that it would be slightly taller than the existing tallest tower of Taipei 101. (Emaar) kept on asking us to go higher but we didn’t know how high we could go,” he said.

“We were able to tune the building like we tune a music instrument. As we went higher and higher and higher, we discovered that by doing that process… we were able to reach heights much higher than we ever thought we could.”

Be the first to comment - What do you think?  Posted by admin - January 5, 2010 at 12:53 am

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