Dubai Mercantile Exchange celebrates third anniversary

Daily trading up 130% since 2008 with new contracts planned for 2010

The Dubai Mercantile Exchange Limited (DME) marked its third anniversary today with the announcement that average daily trading of its flagship DME Oman Crude Oil Futures Contract (DME Oman) has increased by 130% since 2008, averaging 2,955 lots since the start of 2010, equivalent to around 3 million barrels of oil traded daily. Read more

35 Dutch Artists to Exhibit their Works at The Grand Millennium Dubai

The Grand Millennium Dubai is hosting the Art Exhibition “Dutch sense of Arabia”, showcasing works of 35 Dutch artists living in the UAE and Oman. All works are for sale and will be exhibited in the Thuraya Ballroom from 7.30PM to 11PM. On that occasion, visitors will enjoy a 25% discount on Food and Beverage when dining in Dante restaurant, Toshi restaurant or Belgian café.

Peter Mansourian, General Manager, The Grand Millennium Dubai, said, “Art and crafts enthusiasts throughout the UAE are expected to visit the exhibition. Gifted Dutch artisans will exhibit and offer for sale hand-made one-of-a-kind creations such as gem stone jewellery, wood and fabric art, photography, oil painting, woodworking, hand-sewn items, and much much more. All items are very reasonably priced. This venue is a place to discover rising talents, or buy a limited-edition piece by an established name.” Read more

Apple Sells Two Million iPads in Less Than 60 Days

• Best Price on Apple’s iPad, even in Dubai
• iPad 3G will be available on April 30, says Apple
• The iPad Experience of a Kindle Fan
• How to Shop on Amazon.com from Dubai

Apple today announced that iPad ™ sales have topped two million in less than 60 days since its launch on April 3. Apple began shipping iPad in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the UK this past weekend. iPad will be available in nine more countries in July and additional countries later this year.

“Customers around the world are experiencing the magic of iPad , and seem to be loving it as much as we do,” said Steve Jobs, Apple’s CEO. “We appreciate their patience, and are working hard to build enough iPads for everyone.”

iPad allows users to connect with their apps, content and the Internet in a more intimate, intuitive and fun way than ever before. Users can browse the web, read and send email, enjoy and share photos, watch HD videos, listen to music, play games, read ebooks and much more, all using iPad’s revolutionary Multi-Touch™ user interface. iPad is 0.5 inches thin and weighs just 1.5 pounds—thinner and lighter than any laptop or netbook—and delivers up to 10 hours of battery life. Read more

Palm Utilities outlines new strategies to cope with UAE’s water challenges

Palm Utilities, a leading private company that provides integrated sustainable utility solutions, has announced that it has outlined new strategies to assist in resolving the UAE’s future water challenges. Inherently, these integrate the latest advances in energy utilisation, nano and molecular technologies as well as innovative water reuse and recycling systems. This will be crucial as the company seeks to pursue various large-scale water desalination and wastewater treatment and reuse projects, helping address the region’s long-term water utility issues. Palm Utilities has noted that the GCC, which already accounts for more than half of the 11,000 desalination facilities worldwide, expects an 8 per cent annual growth of desalination plants as water demand continues to increase sharply among Gulf countries. Read more

“Festival industry a key contributor to Dubai’s growth and GDP”, says HH Sheikh Ahmed

• Emirates Airline supports Dubai Summer Surprises to achieve event targets
• Dubai leads growth of Middle East’s tourism industry with massive infrastructure spending

His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman of the Dubai Shopping Festival Supreme Committee has emphasized that UAE’s rapidly growing festival industry has evolved exponentially to become a key component of the country’s economy today.

His Highness explained that festivals and events in Dubai, Abu Dhabi, and Sharjah only complement each other to achieve the main objective in driving growth of UAE’s tourism industry. These events, HH added, were instrumental to UAE’s economy and provided the residents of UAE an opportunity to not only experience international festivals but provided a platform for the exchange of cultures, something that UAE is known for. Read more

The new extension to Mall of the Emirates will open on September 1

The new extension to the Mall of the Emirates  will open on September 1. The new extension will feature more than 40 new luxury stores including seven new restaurants.

Mall of the Emirates’ 7,000-space parking redevelopment is now complete, according the Arabian Business.

A new taxi drop off and pick up point, near the Pullman Hotel entrance at the north east corner of the mall, will be also opening soon. It will double the existing capacity for taxi’s aiding entrance and exit from the mall for its valued visitors.

Kindle for iPad App Now Available Globally

Free app for reading Kindle books on iPad gives readers in Japan and around the world the choice from hundreds of thousands of titles

Amazon.com, Inc. (NASDAQ: AMZN) announced its Kindle App for iPad is now available in all countries where the iPad is offered. The app lets users select from hundreds of thousands of books available in the Kindle Store on iPad and features Amazon Whispersync technology that saves and synchronizes customers’ last page read, bookmarks, notes and highlights across their Kindle, Kindle DX, iPhone, iPod touch, Mac, iPad and more.

“We’re thrilled to make Kindle App for iPad available to readers around the world,” said Jay Marine, director, Amazon Kindle. “Kindle for iPad includes all the features customers love about Kindle for iPhone, including great selection and synchronization of their books across a variety of Kindle apps, along with a beautiful new user interface tailored to the look and feel of iPad. Kindle for iPad is the perfect companion for the millions of customers who already own a Kindle or Kindle DX, and a way for customers to download and enjoy books even if they don’t yet have a Kindle.” Read more

Dubai Sports City Architectural Visualization

Oil Weekly Update

US crude oil futures fell last Friday, ending May with the worst monthly decline since December 2008, at the height of the financial crisis, as a downgrade of Spain’s credit rating sparked further Euro zone worries and prompted oil traders to seek less risky assets. On the New York Mercantile Exchange, July crude settled down 58 cents, or 0.78 percent, at US$73.97 a barrel, after trading from US$73.13 to US$75.72. Front-month crude futures fell US$12.18, or 14.1 percent, from April, their biggest monthly percentage loss since December 2008, when prices fell 18.1 percent from the previous month.   Read more

Abu Dhabi University Celebrates the Graduation of 346 Bachelor and Master Degree Students

Under the patronage of His Highness Sheikh Hamdan Bin Zayed Al Nahyan, the Ruler’s Representative in the Western Region and the President of Abu Dhabi University’s Board of Trustees, Abu Dhabi University celebrates its fourth graduation for both undergraduate and postgraduate students on the 14th of June 2010 at the Abu Dhabi National Exhibitions Center. The fourth graduate class consists out of 346 students – 142 male students (57 undergraduate and 85 postgraduate) and 204 female students (113 undergraduate and 91 postgraduate); 253 of which are from the Abu Dhabi Campus, and 93 students that hail from the Al Ain Campus. 187 (64%) of the total number of graduates are local students. The graduation ceremony will be attended by a number of Sheikhs, ministers, high-ranking officials, diplomats, and the parents of graduates. Read more

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