4/19/05 Mohammed honours winners of speech Dubai Gov't Excellence Award
Dubai Crown Prince and UAE Defence Minister, General Sheikh Mohammed bin Rashid Al Maktoum, has honoured a number of government departments and institutions which won prizes of the Dubai Government Excellence Program Awards for the year 2004.
A large number of dignitaries, including sheikhs, ministers, economic personalities, heads of local departments and members of the press, attended the colourful ceremony held here in the evening of today at the Arena Hall of the Jumeirah City.
In his address, Sheikh Mohammed thanked all the staff of the various departments, who he described as "the unknown soldiers" for their selfless services to the government. He said these soldiers had been able to surmount all difficulties and obstacles to give their best and distinguished services "for which they deserve our praises and accolades." The Dubai crown prince named the 26 "unknown soldiers" and urged their respective departments to promote them immediately in appreciation of their efforts and services.
Sheikh Mohammed expressed pride in Dubai's Department of Lands and Properties for achieving great result that put it at the top of all government departments in Dubai. He thanked its director and all staff members for the wonderful achievement.
Sheikh Mohammed at Dubai Gov't Excellence Award Dubai
Following is the full text of Sheikh Mohammed's speech during the ceremony of Dubai Gov't Excellence Award: In the Name of Allah, Most Gracious, Most Merciful, In April 1999 I announced my vision of transforming Dubai into the leading international hub for business, finance and tourism. And as usual many expressed their doubts. Others thought that it was only a PR campaign, and yet others believed that this vision was impossible to achieve. Of course I was aware of the difficulty in achieving this vision, yet I knew it is not impossible. This vision will take a long time to realize, but it will be achieved.
The future is our ally, and we must take part in its creation. Time is the most precious resource that man possesses. Time lost cannot be returned and the work that needs to be done always exceeds the time we have to complete it. Time is never unbiased, it is either a good friend or a bitter enemy.
The secret of success is efficient time management. And the secret of excellence is think quickly and act decisively.
We have launched many initiatives and successful projects, but we have yet to achieve our target. We are still in the first meter of the first mile.
Some officials think they have achieved what others could not, and that our country has reached the level of the most developed countries, many from the region imitate our ideas and copy our projects. To those I say be humble and patient. What has been accomplished is already done, and you have to think about the future. We are still at the beginning of a journey that is long and hard. We have much to accomplish in the humanitarian, social, cultural and economic fields and we must work hard to meet the needs of our society and our human resource development, to position ourselves regionally and internationally for the future.
Brothers & Sisters Today, the day we are recognizing excellence in Government, I would like to stress the importance of the role that the Government sector plays in leading us along the road to development and prosperity. We have to move forward in building a Government that works according to modern concepts, developed systems and clear vision, a government that is dynamic and proactive, able to evaluate and develop its roles and responsibilities in its operations.
We want a government in which all departments function as one team to achieve common objectives, without conflicting interests and aims, a government that shares its plans, initiatives, programs and decisions, with its human resources, a government that will not govern over people but will govern with people and earn their respect.
People are not numbers or papers in files, they are not robots controlled by remote. People have emotions, feelings, memories and thoughts. They think, analyze and compare. And if you do not take this into consideration in dealing with them, they will not reciprocate in kind and will not be enthusiastic in their work. Your successes and failures will not mean anything to them. They will not feel loyal and committed to the department or the organization they work for. They will not be satisfied and they will be careless in their work.
Because of this, I have ordered the Program Administration to measure employee satisfaction in Government departments. Based on the study, the best departments for employee satisfaction are: 1. Dubai Technology and Media Free Zone 2. Dubai Airport Free Zone Authority 3. Dubai Electricity and Water Authority And the worst departments for employee satisfaction are: 1. Dubai Justice 2. Dubai Development Board 3. Dubai Ship Docking Yard (JADAF) The aim of this study is not just to measure results, but to give voice to our employees and to know the difficulties that prevent them from being creative and achieving excellence.
The results of this study must be an instrument of change for our approach to dealing with employees, not just a study to be filed in the official cabinets.
I spoke last year about directors who hinder the creativity and ability of their employees, who refuse to fulfill the needs of training and development.
Unfortunately we still have some of these directors in our departments.
We also have some directors that manage by giving orders and instilling fear in heart of the employees - management that prevents the employees from giving their best. Other directors delegate everything to their deputies and assistants, who in turn deal harshly with the employees, also preventing them from any opportunity to demonstrate their abilities and talent. These directors and deputies are holding us back.
I want directors to be true leaders, not just employees busy with signing department documents, like vacation applications of office boys. I want directors who share responsibility with others, and do not centralize all the authority in themselves as if they are managing a despotic regime.
A large stack of signed documents does not indicate the success of the director. On the contrary, it reflects the inefficiency of the department.
The mission of the director is beyond this and much more important. His mission is to plan, supervise, and motivate his deputies and his employees, to develop second and third lines of employees in all the departments, divisions and units in his organization. I want directors who strive to develop the abilities of their employees and strengthen their confidence in themselves, encouraging them to be more productive and proactive.
Some people in the highest levels of management are afraid of new ideas.
They have a closed mind towards any new idea and think that accepting any new idea from others will compromise and threaten their position.
Some directors think that by occupying the top position, they are sitting on a store of ideas and knowledge.
My Brothers, there is not one who can possess all knowledge and ideas.
You must learn from our gracious Prophet (PBUH) who was always consulted his companions on all things great and small, asking their opinion, he was always glad to hear their suggestions and to implement their useful ideas.
I want a director who is brave and optimistic, and with a kind heart, a Director who is above the bureaucratic games of finding faults and magnifying them, or changing offices into places of gossip behind the back. Those who try to prove their success through the failure of others are not successful and are not happy in life. There are those who can just see faults in others, but be blind of their good side. I pity them and hope they will recover from this.
You may notice that I am emphasizing the role of the directors, whether they are general directors, executive directors or department directors, because the director is the most important person for his employees and the work environment. to the Director must be a good model for dealing with others, with a positive attitude and values of life and work, that he personifies in his decisions and behavior. I thank Allah that a lot of our directors are a really good example for their employees. We are very proud of them and their achievements, especially of their success in working with their deputies, employees and staff, enabling others to fulfill their responsibilities.
Brothers & Sisters, I want each one of you to understand that human resource development is our most important mission. The criteria to measure the wealth of any nation today is its human capital, not its monetary resources. We must work hard to build our human resources through training, education and developing talent, enabling it to be productive and creative.
Every official or director has role in this national effort. The efficiency of a director is reflected not only through implementing projects and ensuring the satisfaction of customers, but also through developing the abilities of his deputies and employees. This is why I have ordered the launch of a comprehensive program to build and develop human resources in order to establish a suitable mechanism for promoting active communication with our employees and honouring their efforts.
In our efforts to develop human resources, we must remember the role of women as partners of men in work and success. To catalyze the role of women and enable their active participation in the process of development, I have ordered the Program Administration to work on a new initiative: a three-year program for developing women leaders and enabling our daughters and sisters to attain higher positions in the government and private sectors.
We cannot ignore half of our population, our country needs the abilities of all its sons and daughters in order to fulfill the call of our country.
We have much to accomplish in the humanitarian, social, cultural and economic fields and we must work hard to meet the needs of our society and our human resource development, to position ourselves regionally and internationally for the future.
He is candid here (the outset of the sentence) and I hope he'll do everything in his power to to better these areas too.
Yesterday, Dubai Crown Prince and UAE Defence Minister General Sheikh Mohammed bin Rashid Al Maktoum met with members of a Higher Committee led by Sheikha Lubna Al Qasimi, the Minister of Economy and Planning.
Sheikh Mohammed asked the committee to update economic legislation so that it reflects international developments and the reality of the domestic economy. He also highlighted the importance of coordination between local economic departments and the Ministry of Economy and Planning.
Sheikha Lubna briefed Sheikh Mohammed on plans to control prices.
Sheikh Mohammed to honour the winners of Arab Journalism Award
Apr 23, 2005 - 01:16 -
Sheikh Mohammed to honour the winners of Arab Journalism Award DUBAI, 23 April, 05 (WAM) - General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence will honour the winners of the Arab Journalism Award at a ceremony to be held on April 25 at Madinat Arena in the presence of 800 leading media personalities including Editor-in-Chiefs, columnists and journalists from around the Arab world.
Mona Al Marri, General Secretary of the Arab Journalism Award said, "The ceremony this year will be distinguished by the presence of leading media personalities which will catalyze the position of the Award as the leading journalistic award of the Arab world." She added, "We ensured from the inaugural awards in 1999 that the highest standards of transparency and objectivity be observed in the selection of the winners. The growing number of the Award entries year after year affirms the importance of the Award amongst the Arabic media organisations and we believe an important factor for this success is the objectivity of the judging process and the high level of transparency in all its procedures of evaluation and choosing the winners." She added, "It is not just the prize money of the award that is attractive, but also the fact that it represents a professional recognition every journalist wants to achieve, which eventually contributes to the development of Arab journalism." The awards are presented under 12 categories which includes Politics, Business, Investigative Journalism, IT, Best Columnist, Culture, Sports, Environment, Photo-Journalism, Caricature, Interview and Journalism for children. There is also a special award presented under the category of the Media Personality of the Year.
Competitive season ahead: Suroor
By Our Sports Reporter
20 April 2005
DUBAI — Leading international trainer Saeed bin Suroor said he was happy with the good work of his horses before their tough European campaign.
“Dubai looked in good shape after last week’s trial race and would be shipped on Monday to our base in London to get ready for the 2000 Guineas,” the Godolphin trainer told newsmen after yesterday’s work.
Horses from eight of the Dubai-based stables performed at Nad Al Sheba turf track in what has been described as important test for them for a long European season.
The training session was attended by His Highness Shaikh Maktoum bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, General Shaikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence, Her Royal Highness Princess Haya bint Al Hussain and Shaikh Mohammed bin Obaid Al Maktoum.
“Doyen, Suez and Satin Kiss have already been entered in the English Guineas,” Suroor said pointing out that the son of Sadler’s Wells, Doyen, galloped to his satisfaction under Frankie Dettori yesterday afternoon. “He may also line up for the Irish Golden Cup over 2000 metres,” he said.
Papineau was partnered by Kirren McEvoy and joined Duke of Venice in the seven furlong gallop.
Suroor hinted that the son of Theatrical may be sent to the Group Two Duke of York Cup over a mile and six furlong.
“We have now about 200 horses for the European campaign and after the trials we will decide which of them would continue with Godolphin,” he said.
But Suroor noted that no final decision has been taken so far as to which horses will carry the hopes of the powerful stables in Europe.
“Regarding the two-year olds, they do not have many races and we must be cautious when dealing with them,” he said.
“But for other ones, the decision will be made after the main trial in the low profile races,” he explained.
However, Suroor expected a competitive season for his horses and looked confident that there is plenty of room for improvement over their last year’s performance.
“Most of our horses are in good form, and even Blue and Royals who sustained a slight injury and has been withdrawn from the Kentucky Derby will have the chance to race in the USA later in the season,” he confirmed.
Among the other horses which participated in yesterday’s work were Red Admiral, partnered by Seamos O’Gorman and trained with Echo Of Light, mount of Kirren McEvoy, Blatant, Daragh O’Donohoe up, ran with the Frankie Dettori’s mount Bayron, Fenshui, ridden by McEvoy, galloped with Suez, Dettori in the saddle, Latin sales in addition to Naheef versus Doyen and Latin Sales under Darragh O’Donohoe versus Sun Drop, Seamous O’Gorman up.
Dubai's attorney general office, courts department separated
Apr 24, 2005 - 09:44 -
Dubai's attorney general office, courts department separated corrected rpt. 4th para Dubai, 24 April, 05 (WAM) - In keeping with the directives of H.H. Sheikh Maktoum bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, a resolution was issued by General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister, ordering complete separation between Attorney General Office and Courts Department in Dubai.
The separation is aimed at enhancing performance at the Attorney General's office and courts for further transparency, integrity and credibility of judicial system.
Sheikh Mohammed also ordered appointment of Sheikh Mohammed bin Hasher Al Maktoum as Chairman of the Dubai Courts Department and Issam Isa Al Hemaidan as Attorney General.
He also ordered appointment of Judge Abdul Latif Mohammed Al Jasmi as Director of Dubai Courts Department, Judge Mohammed Yousif Saleh as Deputy Director of the Department, Yousif Hassan Al Mutawa as Senior Advocate General and Rashid Dimas as Advocate General at the Attorney General's office.
Ibrahim Mohammed Bumilha was appointed as Dubai Crown Prince's Advisor for cultural and humanitarian affairs.
Sunday, 24 April, 2005
Government leaders' forum underway in Dubai
by Angela Prasad
Microsoft, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence, today opened the second Microsoft Government Leaders Forum Arabia (GLF).
The two-day event brings together more than 120 high-level government officials and business leaders from across the Middle East. The goal of the forum is to drive discussion around how the private sector can work in cooperation with local, regional and central governments to explore the partnerships necessary for growth through technology.
The GLF will focus on discussions around four main themes: Growth and Economic Development, Governance and Modernization, Social Development and Education and Public/Private Partnerships.
Her Excellency Shiekha Lubna bint Khalid Al Qassimi, United Arab Emirates Economy and Planning Minister, opened the forum, following introductory remarks from Ali Faramawy, vice president, Microsoft Europe, Middle East and Africa (EMEA).
On Monday, Steve Ballmer, chief executive officer of Microsoft, will present a keynote at the event that will underscore the company’s commitment to continuing expansion of innovative and cooperative government and education programmes that support economic development opportunities in the region.
“We are excited to host the Government Leader’s Forum for the second time in the region. It is a great opportunity for Microsoft to learn more about the needs of governments, and how we can contribute more to the modernisation of government services and education, in order to better serve the communities of the Middle East,” says Ali Faramawy, vice president, Microsoft Europe, Middle East and Africa.
Microsoft has also announced further developments on the company’s commitment to develop IT solutions that will improve services for citizens and increase IT access through the participation of the Government of Dubai Department of Tourism and Commerce.
Apr 24 2005
£900m Arab bid Sheikh planning £900m takeover
MANCHESTER United are a takeover target for one of the world's richest men.
United are believed to be facing a £900million bid from a company controlled by Dubai's Crown Prince Sheikh Mohammed bin Rashid Al Maktoum and backed by the government of the oil-rich country.
Sheikh Mohammed, who owns a huge string of top racehorses, has become friendly with United boss Sir Alex Ferguson through their love of the sport.
Last month his company, Dubai International Capital (DIC), bought the Madame Tussauds Group which includes Alton Towers, Chessington World of Adventures and a one-third share in the London Eye for £1.6bn.
DIC have been analysing the club for the last few months and are believed to be ready to table a bid.
"One of their prime concerns is to ensure there wouldn't be opposition from board and fans," said a City analyst.
"There is growing interest in the Middle East in English clubs. We've just seen Emirates Airlines finance the new Arsenal stadium. But whoever comes looking for United is going to have to win over the fans."
DIC's chief executive Sameer Al Ansari said last night: "I cannot comment on this suggestion."
Arab Journalism Award presented in Dubai Dubai, 25 April, 05 (WAM) - The Arab world's most prestigious media honours - the Arab Journalism Award - were presented in Dubai today under the patronage and in the presence of General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister.
Also present was Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Information and Culture.
In his speech at the opening of the ceremony Ibrahim Nafee, President of Arab Journalists Union said that the commitment of the judging committee to the objectivity criteria in the evaluation and choosing of the winners has catalyzed the position of the Award regionally and internationally.
"Commitment to this criterion, irrespective of names and organizations of the participants and countries they come from is still the main pillar of the Award" , he said.
This reaffirms the faith of the participants in the Award and at the same time encourages others who have not participated before to enter the awards in the future.' He added, "In the current regional and international climate, journalism and media organisations play a leading role which reflects more than ever before the importance of the media in today's world." The gala awards ceremony was held at the Madinat Arena.
A host of senior media representatives, diplomats, academics and government representatives attended the ceremony.
Arab Journalism Award is presented by the Dubai Press Club, under the patronage of General Sheikh Mohammed bin Rashid Al Maktoum.
Mona Al Marri, Secretary General of the Arab Journalism Award and Executive Manager, Dubai Press Club said "Transparency, objectivity and credibility are the key factors behind the eminence that the awards that have gained in a very short period of time." Al Marri pointed out the three factors that the judging committee ensures are equal opportunity for all journalists, confidential evaluation and objectivity of the evaluation criterion. WAM/MA
Mohammed bin Rashid receives Microsoft CEO Dubai, 25 April 2005(WAM)--General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Minister of Defence received here today Steve Ballmer, Microsoft CEO.
Ballmer and Sheikh Mohammed reviewed a number of issues of interest , particularly Microsoft contribution to the growth of the educational sector Ballmer also underlined the keenness of Microsoft to find solutions to the emerging challenges facing IT evolution in the region, including data protection.
25/4/2005, 08:14 (UAE) Mohammad launches e-skills initiative WAMDubai: Ensuring Dubai's public servants have strong computer skills is a priority, General Shaikh Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and UAE Minister of Defence, said yesterday.
The Government of Dubai has launched an initiative to train UAE nationals working as public servants so they can obtain International Computer Driving License (ICDL) certification, Shaikh Mohammad said. The project is to be fully implemented by 2007.
ICDL is a competency standard that allows employers to ensure employee skills meet certain basic requirements.
Shaikh Mohammad also has ordered government-owned computer facilities to extend assistance in meeting the initative's training and certification objectives.
25/4/2005, 07:57 (UAE) Mohammad supports new tennis stadium in Fujairah By Alaric Gomes, Staff ReporterDubai: Six state-of-the-art tennis courts. A state-of-the-art VIP enclosure and a well-equipped media room.
These plans will slowly come to fruition in Fujairah by the end of next year.
This ambitious blueprint is the dream of Khalid Ali, with the generous support of General Shaikh Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence.
Recently, Shaikh Mohammad donated a generous amount needed to make the Fujairah Country Club and Tennis Stadium a reality.
To be called the Shaikh Mohammad Bin Rashid Al Maktoum Tennis Stadium, the new facility, overlooked by the mountains, has six outdoor tennis courts and a multi-purpose indoor hall.
The seating capacity will be over 3,000 with a special section for the VIPs. Construction on this Dh20 million project got under way in the beginning of this month after a visit by Shaikh Majid Bin Mohammad Al Maktoum and Shaikh Rashid Bin Hamed Al Qasimi to Fujairah on March 31.
The emirate of Fujairah finally got what it had hoped for so many years a top-class tennis facility that one can be proud of in any part of the world, thanks to Khalid Al Ali.
"I dreamt of having a tennis facility for training juniors in Fujairah and the surrounding regions," Al Ali said.
"We discussed this idea and that is how the Fujairah Tennis Club was formed with the blessings of Shaikh Rashid Bin Mohammad Al Sharqi, son of Shaikh Hamad Bin Mohammad Al Sharqi, Member of the Supreme Council and Ruler of Fujairah.
Shaikh Mohammad's support took the plans to a higher level.
"To have such important people coming over and laying the foundation stone just goes to show the interest that the ruling families have towards the development of youth here," noted Al Ali.
"For me, this stadium is like a dream come true. We are in the process of achieving something really big for the future of the youth here."
When a dream was born out of a casual chat
Hani Al Khafief is one of the few who has been associated with the idea of setting up a tennis infrastructure for the Eastern region from the start.
"I recall those days when I had to be in Fujairah to try and sort out things to put the idea on track," Al Khafief recalls.
Like most ideas, this one too emanated during a casual talk. "One day I was sitting with Khalid Al Ali and talking about how we can improve tennis in the region," he states. That was at the end of 2002.
With Al Ali as the pivot, the idea was conveyed to His Highness Shaikh Hamad Bin Mohammad Al Sharqi, Ruler of Fujairah.
The initial concept was to have a tennis training centre with eight courts and about 50 rooms to board the players. "The idea was accepted in principle and Dh 12 million was also set aside for the project."
It was at this juncture that Al Ali got the Fujairah Tennis Club running with their own programme for the development of the game. By early 2003, the plans were drawn and Al Khafief was among the first to give his assessment for the work to go on.
Mohammed bin Rashid meets newly appointed prosecutors
Apr 26, 2005 - 04:21 -
Mohammed bin Rashid meets newly appointed prosecutors Dubai, 26 April 2005(WAM)--General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Minister of Defence has urged the newly promoted prosecutors at the Dubai's Public Prosecutors Chamber to discharge their responsibilities with diligence and perfection.
"The decision to promote young nationals to higher posts is a fulfillment of my promise to them that they will be rewarded if they prove themselves to be cable and dedicated to serving their country" said Sheikh Mohammed in remarks during a meeting here last night with Essam Issa Al Humaidan, Public Prosecutor, in the presence of other newly appointed prosecutors.
He added that the youth should be up to the expectation of H.H. Sheikh Maktoum bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai who has always been keen to provide career opportunities for the youth.
General Shaikh Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence, has instructed newly promoted prosecutors at Dubai Public Prosecution to perform their duties with diligence and perfection.
"The decision to promote young UAE nationals is a fulfilment of my promise that they will be rewarded if they prove capable," Shaikh Mohammad said in remarks during a meeting with Isam Eisa Al Humaidan, Attorney-General, and the new prosecutors.
Mohammed bin Rashid orders payment of financial grant
Apr 27, 2005 - 01:56 -
Mohammed bin Rashid orders payment of financial grant DUBAI, APRIL 27, 05 (WAM)--General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister, has ordered instant payment of financial grant to the national holders of license plates hired by Dubai Transport equal to three times monthly hire value.
Sheikh Mohammed's noble initiative to the low income people is in line with his keen desire to provide decent living condition for all members of the society and to emphasise the concept of social interdependence of members of the UAE society
Mohammed bin Rashid Charity agency donates educational materials to schools
May 1, 2005
Mohammed bin Rashid Charity agency donates educational materials to schools Dubai, 1 May 05 (WAM)--The Mohammad Bin Rashid Charity and Humanitarian Establishment has donated computers, projectors and other instructional materials to 30 schools within Dubai Educational Zone.
"The donation is part of the Establishment's educational programme to provide technical supplies to students of Dubai," said Adeeb Lootah, director general of the Establishment.
Last year, Mohammed bin Rashid Charity Establishment furnished needy students at Dubai Higher Women's College of the Higher Colleges of Technology with 71 laptops valued Dh 534,000.
"This year, we have extended our umbrella to cover 103 students.
This is in addition to the fact that we have provided 10 students with laptops valued Dh 826,000 and paid tuition fees for 30 students with special needs," said Lootah.
UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Maktoum bin Rashid Al Maktoum, Dubai Deputy Ruler and Minister of Finance and Industry Sheikh Hamdan bin Rashid Al Maktoum and Dubai Crown Prince and UAE Defence Minister General Sheikh Mohammed bin Rashid Al Maktoum were at Newmarket for yesterday’s horse races.
Sheikhs watch Guineas
Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Maktoum bin Rashid Al Maktoum, Sheikh Hamdan bin Rashid Al Maktoum, Dubai Deputy Ruler and UAE Minister of Finance and Industry, and Dubai Crown Prince and UAE Defence Minister General Sheikh Mohammed bin Rashid Al Maktoum were in Newmarket on Saturday and Sunday to watch the horse races.
On Saturday, Kieren Fallon won the 2000 Guineas Stakes on Footstepsinthesand (Michael Tabor and Mrs. John Magnier), while Frankie Dettori came in fifth on Godolphin’s Dubawi.
Yesterday, Sheikh Mohammed’s Vista Bella came third in the 1000 Guineas Stakes.
Mohammed bin Rashid Establishment increases funding for projects
May 1, 2005 - 12:30 -
Mohammed bin Rashid Establishment increases funding for projects Dubai, 1 May, 05 (WAM) - In an attempt to create more opportunities for project owners in diverse sectors and help them in overcoming financing obstacles in starting their businesses, the Mohammed bin Rashid Establishment for Young Business Leaders has announced the increase in funding budget per project from AED 1 million to AED 3 million.
Abdul Baset Al Janahi, CEO of Mohammed bin Rahid Establishment said, "Through this initiative, we aim to encourage the youth to start up their own business projects and provide them with all the resources needed to build a better future and boost the national economy of this country," according to a press release.
He added, "The Establishment continually studies the market and accordingly develops policies to meet the market requirements.
Accordingly by the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Chairman of the Board of the Establishment the funding budget per project has been increased to AED 3 million.
The Establishment increased the budget to meet the capital requirements of starting business in certain sectors that require more than AED 1 million investment to start a business. This step is aimed at encouraging investment in diverse sectors in the country." Al Janahi said, "We encourage young nationals to enter the small and medium enterprises sector which is witnessing tremendous growth on both the regional and the international levels." According to Al Janahi, increasing the fund will encourage young nationals to broaden their horizons in different areas of businesses and this gradually will increase the number of people proposing business ideas.
One of the prime problems new entrepreneurs face in starting their own business and small companies face in growing their business is finding the necessary funding. One of the Establishment's key objectives is to help address the challenges of the funding gap for SMEs and make capital available to them on a per-need basis The Establishment's value-added platform includes a dedicated 700 Million UAE Fund to provide access to capital at preferential terms for new entrepreneurs and existing SMEs.
Khalifa fetes guests to celebrate Mansour's wedding
May 2, 2005 - 05:23 -
Khalifa fetes guests to celebrate Mansour's wedding Dubai, May 2, 2005 (WAM) -- President H.H. Sheikh Khalifa bin Zayed Al Nahyan has held here at the Jumeirah City a luncheon to celebrate the wedding of Sheikh Mansour bin Zayed Al Nahyan, Minister for Presidential Affairs to the daughter of General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister.
The luncheon was attended by a large number of dignitaries, including Their Highnesses Members of the Supreme Council and Rulers of the Emirates, their crown princes, deputy rulers, sheikhs, ministers, senior officials and other distinguished guests from the UAE and other member states of the Gulf Cooperation Council, who were invited by the UAE President grace the occasion.
Others who attended the luncheon at the invitation of the UAE President include President of Djibouti, Ismail Omar Guelleh, Crown Prince of Bahrain, Sheikh Salman bin Hamad al Khalifa, Crown Prince of Qatar, Sheikh Tamim bin Hamad Al Thani, Chief of Saudi Arabian National Guards, Prince Mut'eb bin Abdullah bin Abdul Aziz, Prince Khalid bin Sultan bin Abdul Aziz, Representative of the Sultan of Oman, Sheikh As'ad bin Tariq Al Busaidi and the son of the Queen of Britain and the Commonwealth, Prince Andrew