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Dubai aims to reduce spending next year
A budget approved yesterday by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, called for Dh32.26 billion (US$8.78bn) of government spending next year against anticipated revenues of Dh30.4bn, resulting in a projected Dh1.8bn deficit.
Honour for Dubai Metro’s Green Line service
The Metro Green Line was launched by the RTA on September 9 this year, two years after the launch of the Red Line on September 9, 2009. Adnan Al Hammadi, CEO of the RTA Rail Agency, expressed his delight at winning this prestigious award.
Debt restructuring: 2011 the year that was…
Cooling firm Tabreed took its time working on a deal with its creditors to refinance the Dh5 billion dirhams it owed but finally completed its recapitalisation program on 1st April 2011. Tabreed has operations in Oman, Qatar, Saudi Arabia and the UAE and has worked on projects including Zayed Sports City, Yas Island and the Dubai Metro.
Ramy Ayach seeks help of Tom Cruise’s Mission Impossible crew
Filming of the clip lasted five days in Dubai’s Metro station, Burj Al Arab and Address Hotel. According to the London based Elaph, the team of pilots that took part in the clip were the same that had acted in the movie Mission Impossible starring American actor Tom Cruise.
Qatar railway project restructured
The organisations responsible for developing rail transport in the emirate have been restructured, with the aim of shortening decision making processes. Planning is underway for a passenger rail network as well as a metro which would connect central Doha with the airport and football stadia which will host the 2022 FIFA World Cup.
Mohammed and Cruise light up Dubai Film Festival’s red carpet
However, it has to be said that even more than Cruise himself, it was the cheers that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, drew when he walked the red carpet that really made the night for many of the excited fans.
In pictures: National Day
People all over the country celebrated the 40th National day with traditional festivities, parades and street parties.
UAE National Day celebrated in Europe
Sulaiman Almazroui, Ambassador of the UAE to the Kingdom of Belgium and the Grand-Duchy of Luxembourg, Head of Mission to the European Union, last evening hosted a reception to celebrate the 40th anniversary of the National day of the United Arab Emirates.
