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  • 2 Winners Receive 1 Million AED Each in ADCB Islamic Banking’s Monthly Prize Draw

    2 Winners Receive 1 Million AED Each in ADCB Islamic Banking’s Monthly Prize Draw

     Press Release :

    Abu Dhabi Commercial Bank (ADCB) Islamic Banking announced the two latest million-dirham winners of its Millionaire Savings Accounts, bringing the total millionaires announced this year to seven. Since 2009, ADCB’s Millionaire Savings Accounts have made 137 millionaires from all walks of life and continue to help customers achieve their ambitions.

    Dr. Ahmed A. M., who opened his Millionaire Destiny Savings Account (MDSA) in December 2019, is the latest winner in the monthly prize draw of AED 1,000,000 for MSDA account holders. The other winner of AED 1 Million, from the Emirati Millionaire Savings Account (EMSA) is Mr. Mohamed M. J. who has been banking with ADCB Islamic Banking since 2015.Both winners were excited to receive the news about their wins and expressed their appreciation to ADCB Islamic Banking. The medical community has played crucial role during the COVID-19 pandemic, therefore it is a pleasure to have a medical professional as one of the latest winners.  Dr. Ahmed said, “Choosing to invest with ADCB was never a difficult decision, you can trust this leading national bank with your life earnings, especially during these difficult times with unstable investment market everywhere. I consider myself lucky to win this generous prize. I always wondered if such huge prizes are real and fair, and ADCB just proved it is. I think with ADCB everyone has a chance.. everyone is eventually a winner.”

    Both MDSA and EMSA encourage customers to save regularly, with a minimum balance requirement of only AED 5,000, while giving them a chance to win cash prizes exceeding AED 26 million annually across the two types of accounts.

    Congratulating the winners, Mr. Kaizar Patla, Head of Islamic Banking at ADCB said,

    “While, the global pandemic has had a significant effect on financial markets, businesses and individuals, our top priority remains our customers and partners. We are happy to be able to bring some joy to our customers with our MDSA and EMSA products that are two of the biggest prize-based savings accounts in the region. In the face of strong macro-economic headwinds, our advice to current and potential customers is to maintain financial discipline, invest wisely and save carefully.”

  • Joint statement of the U.S, Israel and U.A.E

    Joint statement of the U.S, Israel and U.A.E

    ABU DHABI, 13th August, 2020 (WAM) — President Donald J. Trump, Prime Minister Benjamin Netanyahu of Israel, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, spoke today and agreed to the full normalisation of relations between Israel and the United Arab Emirates.

    This historic diplomatic breakthrough will advance peace in the Middle East region and is a testament to the bold diplomacy and vision of the three leaders and the courage of the United Arab Emirates and Israel to chart a new path that will unlock the great potential in the region. All three countries face many common challenges and will mutually benefit from today’s historic achievement.

    Delegations from Israel and the United Arab Emirates will meet in the coming weeks to sign bilateral agreements regarding investment, tourism, direct flights, security, telecommunications, technology, energy, healthcare, culture, the environment, the establishment of reciprocal embassies, and other areas of mutual benefit. Opening direct ties between two of the Middle East’s most dynamic societies and advanced economies will transform the region by spurring economic growth, enhancing technological innovation, and forging closer people-to-people relations.

    As a result of this diplomatic breakthrough and at the request of President Trump with the support of the United Arab Emirates, Israel will suspend declaring sovereignty over areas outlined in the President’s Vision for Peace and focus its efforts now on expanding ties with other countries in the Arab and Muslim world. The United States, Israel and the United Arab Emirates are confident that additional diplomatic breakthroughs with other nations are possible, and will work together to achieve this goal.

    The United Arab Emirates and Israel will immediately expand and accelerate cooperation regarding the treatment of and the development of a vaccine for the coronavirus. Working together, these efforts will help save Muslim, Jewish, and Christian lives throughout the region.

    This normalisation of relations and peaceful diplomacy will bring together two of America’s most reliable and capable regional partners. Israel and the United Arab Emirates will join with the United States to launch a Strategic Agenda for the Middle East to expand diplomatic, trade, and security cooperation. Along with the United States, Israel and the United Arab Emirates share a similar outlook regarding the threats and opportunities in the region, as well as a shared commitment to promoting stability through diplomatic engagement, increased economic integration, and closer security coordination. Today’s agreement will lead to better lives for the peoples of the United Arab Emirates, Israel, and the region.

    The United States and Israel recall with gratitude the appearance of the United Arab Emirates at the White House reception held on January 28, 2020, at which President Trump presented his Vision for Peace, and express their appreciation for United Arab Emirates’ related supportive statements. The parties will continue their efforts in this regard to achieve a just, comprehensive and enduring resolution to the Israeli-Palestinian conflict. As set forth in the Vision for Peace, all Muslims who come in peace may visit and pray at the Al Aqsa Mosque, and Jerusalem’s other holy sites should remain open for peaceful worshippers of all faiths.

    Prime Minister Netanyahu and Crown Prince Sheikh Mohamed bin Zayed Al Nahyan express their deep appreciation to President Trump for his dedication to peace in the region and to the pragmatic and unique approach he has taken to achieve it.

  • Locked In during Lock Down – The Curse of Screen Time Addiction(Dr.Mona Youssri)

    Locked In during Lock Down – The Curse of Screen Time Addiction(Dr.Mona Youssri)

    Corona Virus. Sudden school closures. Online learning. Children are stuck indoors so even after a full day of online schooling their leisure options were restricted to indoors games—or screens: TV, game consoles, tablets and phones, or social media. Even parents critical of screen time for their children were challenged by a situation where longer screen exposure became a justified exception. But with other families, necessary hours of screen time turned into full days. Of course this dramatic environmental shift would have equally dramatic consequences. Child specialist already dealing with the standard list of child behavioral problems started receiving children with increased behavior problems from aggressive behavior and decrease in social skills to attention problems, and a rise in sleep problems. It was the start of a new pandemic – but with children at the epicenter.

    8 signs your child could have screen addiction:

    1. Increased screen time and inability of the child to control it (unable to put it down).
    2. Bored and losing interest in any other activity, even if previously enjoyed.
    3. Is preoccupied with games or videos and talks about them constantly, even when not engaged.
    4. Refuses to meet with friends. Prefers staying home alone to any social activity.
    5. Withdrawal symptoms; expresses anger through tantrums if a gadget is taken away.
    6. Becomes deceptive, lies about usage time, or sneaks a gadget into bed behind your back.
    7. Increased tolerance for play, so if one hour was satisfying before, two hours now are not.
    8. Is only happy when screen-facing.

    Dr. Mona Ibrahim Youssri, Clinical Director and Family Counselor at Hayati Health Center for children in Dubai agreed, “In the last 5-6 years I have noticed a dramatic rise in the number of children with speech delay and symptoms more common with autism such as decreased eye contact. Almost every preschooler between two and four who visits our center showing signs of developmental delay is skillfully using their parents smart phone. In many of those cases, stopping screen exposure cold-turkey yields almost immediate improvements. My advice to parents of toddlers is avoid all devices before the age of 3 years according to APA recommendations.

    But what can a parent do to encourage this sort of control? “Help your children by providing them with a structure and routine, and being a positive force in their education,” says Dr. Pamela Hurst-Dell Pietra of the Institute of Digital Media Child Development.

    One such facility, the Hayati Health Center, a dedicated intervention facility based in Dubai for children with developmental and behavioral disorders, and autism, began offering online tele-therapy for their patients during the COVID-19 lockdowns. It allowed qualified therapists to offer ABA, psychology, or speech & language therapy services to their patients in the safety of their home environment. While online sessions involve screen time, the difference is the child’s interface is an actual person rather than computer driven, or pre-recorded content.

    Worried that your child might be a screen addiction concern? Asha Kanoujiya, the Lead BCBA and Child Behavior Analyst at the center offers a list of tips parents can try at home to gradually reduce a child’s screen dependency. “For any behavioral intervention to work effectively, being consistent is key. If your child has been used to the lifestyle of independently choosing what they’d want to do during their day, and if you have no control over what activities they engage, then this is going to be a challenge.

    Note: You have to gradually aim at reducing time spent in front of the screen, to avoid problematic behaviors. Furthermore, your goal should be to replace screen time with other leisure activities.

    • Set a Time Limit to screen time
    • Give screen time as a reward in exchange of task that you want your child to achieve (Make sure screen time value equals the task difficulty)
    • Green Time vs Screen Time – Interaction with nature is a natural high.
    • Maintain control over which app activities your child is engaging in
    • Restrict games that do not benefit your child’s development
    • Install academic related games, word scramble, matching, tracing, story typing, etc.
    • Restrict Play or App store downloads
    • Replace current long screen time with physical activity (or a new hobby, sports, creative work)
    • Set up physical activities for Smaller Children to instil the joy of play at an early stage (Messy Play, Pretend Play, Sports, playing catch, Hide and seek, hop-scotch, water play, sand play, painting, relaxed bath with toys, and other art & craft and science experiments.)
    • This might come as a surprise, but let them help house chores.

    And finally, Professional Help. If your child’s symptoms are becoming exaggerated and things becoming beyond your control, professional support is recommended as early as possible.

    • Anger and behavior problems: A professional behavior assessment and intervention can be combined by anger management training through cognitive behavior therapy and play therapy.
    • Attention problems: A trained therapist can offer attention training and help boost your child’s concentration skills.
    • Social skills deficit: A psychologist or behavioral therapist can build your child’s social and friendship skills.
    • Depression or self-esteem deficit: Ask for cognitive behavior therapy (CBT)

    Join Dr. Mona Youssri for a special Zoom webinar on August 19th at 5pm Dubai time, where she’ll be covering the subject of screen addiction and child behavior during Covid-19 coming later this month. Register at: info@hayatihealth.com for date and time updates. For more help and any child-related advice, or more information about the Hayati Health Center’s Summer Program, parents are encouraged to contact the center on (+971) 54 993 6568.

     

  • ICA extends deadline for holders of expired entry permits, visas

    ICA extends deadline for holders of expired entry permits, visas

    ABU DHABI, 10th August, 2020 (WAM) — The Federal Authority for Identity and Citizenship, ICA, issued a decision to extend the deadline for holders of expired entry permits and visas from 11th August, 2020, for one month, to enable them to leave the country and exempt them from all resulting fines.

    The authority’s decision is part of the national initiatives launched by the UAE and is in implementation of the UAE Cabinet’s related decisions and regulations of entry and residency of foreigners.

    The ICA urged those eligible to leave the country within the set deadline, which will help facilitate their return to the UAE.

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    Emirates ramps up passenger services to Pakistan, offering customers 60 weekly flights

    DUBAI, 9th August, 2020 (WAM) — Emirates has announced it will increase its passenger services to/from Pakistan starting 10th August, offering customers enhanced connectivity to over 70 destinations within its current network, via Dubai.

    The airline is set to ramp up its flight frequency to/from Karachi, Islamabad, Lahore, and Sialkot; and resume passenger services to Peshawar – providing customers worldwide with greater access to its expanding network.Emirates will now offer customers 53 weekly flights to Pakistan, which will increase to 60 weekly flights starting 16th August. All flights will be operated with the Emirates Boeing 777-300ER and can be booked on emirates.com or via travel agents.

    The airline will operate 21 weekly flights to Karachi (increased to 28 weekly flights starting 16th August); 10 weekly flights to Islamabad; 7 weekly flights to Sialkot; 10 weekly flights to Lahore; and 5 weekly flights to Peshawar.Customers are reminded that travel restrictions remain in place, and travellers will only be accepted on these flights if they comply with the eligibility and entry criteria requirements.

  • UAE stocks gain AED8.2 bn in market cap Thursday

    UAE stocks gain AED8.2 bn in market cap Thursday

    Driven by upbeat sentiments following the H1’s positive financial results announced by some of the listed companies in the country’s two main bourses, the UAE financial markets posted combined gains of AED8.2 billion in market cap on Thursday.

    Abu Dhabi’s main stocks index was remarkably up 1.25 percent to 4,359 points today, driven by gains by some of the blue chips, specially powerhouse banking stocks, with DFM’s General Index following suit, and closing 1.35 percent higher at 2,107 pts.In Abu Dhabi, FAB closed high at AED11.12, followed by ADCB, AED5.11, and Aldar Properties to AED1.76. The Abu Dhabi National Insurance Company capitalised on the H1 positive financial results and closed at AED3.3, with Methaq Takaful Insurance PSC (METHAQ) rising to 61 fils. In Dubai Financial Market, Emaar picked up to AED2.69, Union Properties to 33 fils, Emirates NBD to AED9.35 and Aramex to AED3.40.A total of 6,065 deals were conducted worth AED405 million over 393 million shares.

    ABU DHABI, 6th August, 2020 (WAM)

  • ATECA Holding Signs an Agreement with AHLEI to Offer Certification and Diploma Programs for Hospitality Industry in Uzbekistan

    ATECA Holding Signs an Agreement with AHLEI to Offer Certification and Diploma Programs for Hospitality Industry in Uzbekistan

    ATECA Holding Signs an Agreement with AHLEI to Offer Certification and Diploma Programs for Hospitality Industry in Uzbekistan                                                                    

     ATECA Holding, developed by UAE hotel experts, in collaboration with the Tourism Development Institute under The State Committee of the Republic of Uzbekistan for Tourism Development, has entered into an agreement with The American Hotel & Lodging Educational Institute (AHLEI), to provide its world-class training programs in Uzbekistan.

    Making the announcement Mr. Michel Noblet, Executive Chairman of ATECA Holding, said, “The hospitality sector is emerging as one of the most diverse, competitive and fast-paced industries in Uzbekistan .

    The demand for trained hotel professionals is high in the Republic and is expected to grow drastically with the increasing number of hotels. However, currently, only a fraction of hotel industry staff have formal education or training leaving a huge gap in skills at the start of the career. To meet the need for continuous learning and professional development in Uzbekistan’s hospitality industry, ATECA Hotel Academy Hub, offers a variety of certification, executive diploma and customised programs for both experienced professionals as well as beginners.

    Ed Kastli, MBA, CHMS, CGSP – Channel Vice President, International Sales, American Hotel & Lodging Educational Institute stated, “We are very excited to enter Uzbekistan and support the advancement of the hospitality sector in the country with strong partners such as ATECA Holding and the Tourism Development Institute under The State Committee of the Republic of Uzbekistan for Tourism Development.

    In today’s competitive world, everyone looking for a career in hospitality needs to have extensive hospitality know-how and a broad set of strategic skills to enter the industry and reach the desired positions. AHLEI offers the world’s top-notch certification programs supported by a global network of 25,000 hotel members, and endorsed by the American Hotel & Lodging Association.

    Mr. Karimov Kamoladdin, Chief Executive Officer and General Manager for ATECA Holding, said, “The ATECA Hotel Academy Hub is dedicated to prepare students for a flourishing career in the regional and global hospitality industry through AHLEI’s world-class education, workshops and training programs. The award-winning team at ATECA Hotel Academy Hub comprises of the very best faculty members including executives from leading hotels – all of whom have top degrees from prestigious universities.

    For more information call +998 9003 63 11 or email info@atecahotelacademy.com

     

  • Al Masaood Automobiles wins the prestigious “Renault Global Partners Award

    Al Masaood Automobiles wins the prestigious “Renault Global Partners Award

    Abu Dhabi, August 4, 2020

    Al Masaood Automobiles, Abu Dhabi’s leading car dealership and distributors of Nissan, Infiniti and Renault,  has been titled as the winner of the 2019 edition of the “Renault Global Partners Award, P.A.R.I.S. Challenge” the highest accolade for car dealerships granted for exceptional performance in Sales and Aftersales-tapping into new market segments, posting an increase in sales volume and providing the company’s signature touch of excellence in customer satisfaction.

    Renault Abu Dhabi was recognized as the best performing Renault dealership in 2019 globally for marking Year-on-Year progress to reinforce the French auto brand’s position as evidenced in its achievement of 40 per cent sales growth in 2019, resulting in an increased market share of 1.4 per cent in the Abu Dhabi market. The company outperformed other Renault dealerships from around the globe.

    H.E. Masaood Ahmed Al Masaood, Chairman, Al Masaood Group, said, “We are proud to receive this distinction, which consolidates our position as a global benchmark across the thriving automotive market. The award serves as a testament to the strong dedication displayed by our staff and their commitment to offer top-line services to our customers. Being awarded the “Renault Global Partners Award, P.A.R.I.S. Challenge” emphasizes our success following decades of hard work and dedication applied by everybody involved with our day-to-day operations.”

    Renault Abu Dhabi’s efforts fully utilized the concept of innovation through its introduction of highly engaging and interactive campaigns and promotions that sought to tap into new customer segments, expand Renault’s diverse portfolio of offerings, and maximize exposure via digital channels. In line with this, the company successfully inaugurated the ‘R-Store’, a pioneering state-of-the-art facility and one stop shop that throws the spotlight on Renault’s high standards and best practices. Collectively these efforts led to a surge in domestic sales and a more diversified portfolio of customers as compared to preceding years.

    Irfan Tansel, Chief Executive Officer, Al Masaood Automobiles, said: “It is very gratifying to have received this prestigious global award from Renault, as it recognises the tremendous efforts that the Al Masaood Automobiles’ team has invested to grow and expand the Renault brand in Abu Dhabi.

    “We congratulate our partners at Al Masaood Automobiles – Renault Abu Dhabi for earning the top honours at this year’s P.A.R.I.S. Global Challenge–a remarkable tribute that demonstrates the company’s continuing efforts to consolidate the Renault brand in Abu Dhabi. We are confident that sales growth will continue its upward trajectory in the next few years through the spirit of Al Masaood Automobiles’ team and their dedication,” concluded Bernard Chretien, Managing Director, Renault Middle East & Pacific.

     

  • UAE stocks gain AED15.8 bn Monday

    UAE stocks gain AED15.8 bn Monday

    Driven by powerhouse realty and bank shares, the listed companies in UAE financial markets posted combined gains of AED15.8 bn in market cap on the first trading day of the month.

    Abu Dhabi’s main stocks index was up 0.45 percent to 4,324 points today, driven by gains by some of the blue chips, with DFM’s General Index following suit, and closing 0.70 percent high at 2,065 pts.In Abu Dhabi, FAB closed high at AED11, followed by ADCB, AED5.04, with Abu Dhabi National Energy Company (TAQA) continuing its upward streak to AED1.44.In Dubai Financial Market, the Emirates NBD rose to AED9.01, with the Union Properties maintaining its positive performance, closing up at 35 fils, and Deyaar Development to 28 fils.A total of 7,722 deals were conducted worth AED450 million over 629 million shares.(News by WAM)

  • Eid al Adha in Azerbaijan: challenges and innovative solutions during the pandemic

    Eid al Adha in Azerbaijan: challenges and innovative solutions during the pandemic

    Chairperson of the Board of Agro Procurement and Supply Although Azerbaijan is mainly popular as an oil and gas producing country in the world, in the last decades high growth in the agricultural and tourism sector is seen as well. Besides agricultural development in production and export, an increasing trend of applied innovations to the sector is observed. Applying new technologies let the country increase the overall production and export of agricultural products. As a result, Azerbaijan now exports not only to the CIS countries but also to the EU and GCC region.

    Talking about innovations, Electronic Agriculture Information System (EAIS) is one of the best innovative platforms for providing farmers with the necessary agricultural services which is developed in a limited period of time by the Ministry of Agriculture of the Republic of Azerbaijan and it is still developing.
    Now, in the period of the Feast of Sacrifice (Eid-Al-Adha) which is celebrated in the Muslim world, it is especially crucial to control the gathering of people to prevent the spread of the coronavirus. Regarding the challenges put by restrictions of the quarantine period, the Ministry of Agriculture has launched a
    website for sales of rams to be sacrificed for the first time as an innovative solution to prevent
    overcrowding in selling points. The website (www.qurbanliq.kendden.az) allows people to easily order
    rams for sacrifice by indicating the time and the selling point of their choice. As per their order rams will
    be sacrificed in accordance with all the Islamic rules on their behalf. They can take their sacrificed rams
    very quickly at the indicated time and place. The website is mainly intended for local use, therefore it is
    presented in Azerbaijani only.

    To further prevent the spread of the coronavirus, accordance with all the requirements for sanitary and
    epidemiological and hygienic conditions will be highly controlled at the slaughterhouses. This initiative will
    help to prevent overcrowding and long queues in front of selling points.