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Topic: Abdul Aziz Al Ghurair

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	Rennovating City of Gold (Site not responding. Last check: 2007-10-26)
		In fact, the Al Ghurair Centre was built in downtown Dubai on the Persian Gulf and is integral to a $375 million redevelopment that will make the center the largest mall in the region.
		But that's where Al Ghurair Centre was built, in 1980, and where it will nearly triple in size to about 800,000 square feet at the end of a two-year renovation and expansion to be completed next year.
		"The Al Ghurair project is intended to upgrade older parts of the city to world standards, with commercial and residential in-fill, sports facilities, other retail space and a supermarket connected by new streetscapes, pedestrian walkways and public plazas," said NORR vice president Victor Smith.
	www.icsc.org /srch/sct/current/sct9904/09.htm (782 words)

	Times of Oman (Site not responding. Last check: 2007-10-26)
		During the meeting, the committee identified the obstacles facing Gulf Citizenship and their impact on deepening the Gulf Citizenship, as well as studying a number of papers and proposals, referred by the secretariat-general of the AGCC states and by members.
		Al Ghurair, stated that the purpose of the meeting is to activate the role of Gulf Citizenship and how to treat the Gulf citizens by the other AGCC states, raise recommendations and solutions which help the AGCC citizens to travel and work in the AGCC states.
		The economical citizenship committee and its role in deepening the Gulf Citizenship, was emanated from the first meeting of the ninth session of the Consultative Authority of the Supreme Council, held in the UAE in February.
	www.timesofoman.com /print.asp?newsid=27746 (173 words)

	getyourmoneyworking.com : Briefs November 2003
		Entitled 'Takaful al Etiman,' is a family protection scheme insurance coverage scheme for applicants of mortgage loans at Amlak Finance, and ensures complete payment of their mortgage instalments in the event of death or serious disability of the applicant.
		Al Ghurair further commented that a fixed rate mortgage option was to be launched in the near future.
		Al Mutaiwee alluded that China, which comes on the top of Dubai's commercial partners, shows more power of competition, depending on its huge credit of population, the cheapness of workforce, competitive product values and its wide openness to the world, even to those countries that are still applying the communist policies.
	www.getyourmoneyworking.com /2003/OCT/31/Misc/Regional/D031031951.html (20464 words)

	Khaleej Times - Online (Site not responding. Last check: 2007-10-26)
		The expansion of the project, according to a Ducamz press release was undertaken on the instructions of General Shaikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE Defence Minister.
		Bustan Al Khair is a specially designed programme for the Flower Surprises, with a lot of songs and song operas presented by local actors throughout the week except Sundays.
		Al Banna said that the Children's City has started a variety of activities for the whole of summer on June 20 and all the programmes that are organised here go along with the themes of the different surprises of the DSS.
	www.khaleejtimes.co.ae /ktarchive/150702/finance.htm (3933 words)

	Abdul Aziz Al Ghurair & family, The World's Richest People - Forbes.com (Site not responding. Last check: 2007-10-26)
		California-educated Al Ghurair runs Mashreqbank, traded on Dubai exchange; his family's stake increased to almost $3 billion thanks to surge in Middle Eastern stock markets.
		The red disc indicates Abdul Aziz Al Ghurair & family
		For billionaires with publicly traded fortunes, net worths were calculated using share prices and exchange rates from February 13, 2006.
	www.forbes.com /lists/2006/10/JDP8.html (202 words)

	Family businesses can achieve entrepreneurial success, says Al Ghurair - Zawya.com \| Middle East Business News (Site not responding. Last check: 2007-10-26)
		Al Ghurair, who took over the reins of the highly successful domestic bank in 1991, says entrepreneurial success hinges on innovation rather than investment.
		Stressing his own experience, Al Ghurair says family business success is down to "having a clear vision, mobilising oneself with full conviction, the energy to work, not fearing change but pursuing it, having a dedicated team and a bit of luck!"
		The Establishment was created by HH Sheikh Mohammed Bin Rashid Al Maktoum as part of the government's plan that outlines the role of UAE nationals in the development and progress of the nation.
	www.zawya.com /story.cfm?id=ZAWYA20050514074324 (850 words)

	getyourmoneyworking.com : Briefs January 2002
		Al Faris Information Technologies of Kuwait were in the UAE yesterday to announce the launch of iexchange, an automated process to enable money exchange businesses to manage their front desk operations at the click of a button.
		According to Dr Khaled Al Hassan of the Development back in Jeddah, it is defective stock markets and slow growth in Arab countries that is dissuading investment in the region.
		Al Suwaidi said last week the law could be enforced in January once it is endorsed by His Highness President Sheikh Zayed bin Sultan Al Nahyan and the Supreme Council Members.
	www.getyourmoneyworking.com /2002/JAN/02/Misc/Regional/D020102094.html (15702 words)

	GulfBase.com - News Archive
		Abdul Aziz Al Ghurair, CEO of Mashreqbank, sees the "the rapid increase in the banks non-interest income [as] a sign that our customers really appreciate our value-added services.
		Other prominent projects include the Dewa L station Phase 2; the 65 storey Al Mas Tower in Jumairah Lake Towers and the Ras Laffan "B" water pipeline in Doha, Qatar.
		Al Ghurair expressed confidence in the continued growth of the economy into next year and beyond.
	www.gulfbase.com /site/interface/NewsArchiveDetails.aspx?n=19056 (497 words)

	albawaba.com middle east news information::Agreement to provide required contracting finance for Burj Dubai Tower signed
		“It is an honour to be associated with the construction of such an historic building,” said Abdul Aziz Al Ghurair, CEO of Mashreqbank.
		Anis Al Jallaf, MD and CEO, Emirates Bank said “The Burj Dubai transaction is a demonstration of Emirates Bank’s commitment in supporting the ongoing development of landmark projects in UAE”.
		Eirvin Knox, CEO of ADCB said” ADCB is an active participant in UAE’s infrastructure development and other large real-estate project finance and is pleased to be part of the contracting finance syndication facilities for the landmark Burj Dubai project”.
	www.menareport.com /en/business,Financial_Markets/182535 (546 words)

	Home sales to hit Dh40b in 5 years - GulfTalent.com
		DUBAI - With freehold ownership offering expatriates in the UAE an opportunity to own a slice of the country's prosperity, home sales is estimated to reach Dh40 billion in the next five years, according to Abdul Aziz Al Ghurair, Chief Executive Officer, Mashreqbank.
		Although the Government of the UAE implemented new laws that allow foreigners to own homes, there is a great demand for house rentals even as rents go up further, said real estate market experts.
		Abdul Aziz Al Ghurair, was quoted in a magazine called Sada Al Mabane as saying that the new laws made by the UAE Government allowing freehold ownership rights to the expatriate community would boost the mortgage segment.
	www.gulftalent.com /home/press-15.html (587 words)

	Mashreqbank facility to buy homes - Eqarat.com Newsletter Edition 79
		A number of attractive features have been tailored for salaried, self-employed and overseas residents offering a competitive interest rate of 6.49 per cent, the lowest down payments and speedy approval within 10 days.
		Al Ghurair said the bank was also developing a fixed rate mortgage option to be launched in the near future.
		As part of our continuous commitment to the community and understanding the market needs and trends, we will endeavour all our efforts to further enhance this product by tying up with other developers.
	www.eqarat.com /j2ee/examples/english/newsletter/79/8.htm (365 words)

	Sheikha Lubna outlines new company laws at MashreqForum (Site not responding. Last check: 2007-10-26)
		Her Highness Sheikha Lubna Al Qasimi, UAE Minister of Economy and Planning, outlined the main feature of the UAE’s new company law to business leaders attending the ninth MashreqForum held at the Emirates Towers Hotel.
		Abdul Aziz Al Ghurair, CEO of Mashreqbank, thanked Sheikha Lubna for sharing her views with the Forum.
		Abdul Aziz Al Ghurair said Sheikha Lubna, the UAE’s first female minister, epitomised the country’s dynamism and progressive outlook.
	www.strategiy.com /printer.asp?cat=news&id=20050424092532 (367 words)

	Al Ghurair on way to becoming retail oasis (Site not responding. Last check: 2007-10-26)
		It may become the Champs Elysées of the Middle East, but first the Al Ghurair Centre has to double in size and create an outdoor component that will defy weather extremes.
		At its opening, Al Ghurair was located outside the city of Deira.
		Larger centers have since been built nearby, and owner Al Ghurair Centres LLC decided the original center needed a newer look, though one that recalled the traditional souks of the Middle East.
	www.icsc.org /srch/sct/current/sct0700/02c.html (687 words)

	Incorporation, Incorporation Services, Company Incorporation
		The UAE should have "pro-active rather than reactive" banking laws that can meet the country's requirements for the next five to ten years, said Abdul Aziz Al Ghurair, Mashreqbank chief executive and board member of Emaar Properties and Dubai Investments.
		Al Ghurair reiterated the need for commercial and banking courts for simple cases, to resolve disputes over simple or cumulative calculation of interest rates and a more careful thinking of mergers between banks.
		"The Central Bank must move into a new phase that would create the right environment for banks to prosper." Responding to questions on bank profits during the economic slowdown, Al Ghurair said operational profits should be the criteria for measuring profitability in the next few years.
	www.companiesinc.com /cinewsletter/may2001/story3757.asp (542 words)

	XXI век — золотой век Туркменистана (Site not responding. Last check: 2007-10-26)
		Cordially greeting the honorary guests Saparmurat Niyazov emphasized that the close ties of friendship and co-operation established between the two states in recent years were valued highly in Turkmenistan.
		Highly appreciating the work done in the years of independence whose results were obvious the guest informed that their visit to Ashgabat had been stipulated by the sincere desire of the United Arab Emirates to participate in the epoch-making changes taking place in the ancient Turkmen land.
		Thanking the Turkmen leader for an opportunity to elaborate a constructive approach to further development of mutually advantageous co-operation in a personal meeting the honorary guest shared his impressions of the visit to Turkmenistan.
	www.turkmenistan.gov.tm /politika/hronika/310506_eng.html (593 words)

	Juliette Rossant \| Forbes: Billionaires in the Middle East
		She also profiled Abdullah Sulaiman Al Rajhi of Saudi Arabia and Suzan Sabanci, Guler Sabanci, and Ferit Sahenk of Turkey.
		Saleh Bin Abdul Aziz Al Rajhi & Family (Saudi Arabia)
		Saleh Bin Abdul Aziz Al Rajhi (Saudi Arabia)
	www.mentalwhir.com /julietterossant/billionaires.html (587 words)

	Emiratisation
		Abdul Aziz Al Ghurair, CEO of Mashreqbank said “Our mission is to induct UAE Nationals into the world of banking and the financial services industry in general.
		Although Nationals compete on an equal footing with other employees and advancement is determined by merit, the fast track programme creates a pool of talented and ambitious and Emaratis able to compete for vacancies that arise within the bank, without compromising performance.
		Al Mashreq Al Emarati is more than just compliance with government requirements, it is a specialised programme to train graduates to contribute to the future economic growth and development of the UAE, said Hend Ismeal Al Ali, Assistant Manager, National Resources Development, Mashreqbank.
	www.emiratisation.org /content/view/233/2 (654 words)

	Trench & Associates: In the News
		Alabbar (left) with Abdul Aziz Al Ghurair at the meeting.
		Mohammed Ali Alabbar, Chairman of Emaar Properties, yesterday told shareholders that the government had allocated the land for Emaar to construct the world's tallest building - Burj Dubai.
		The shadows of the Iraq war have been lifted and the world has returned to brighter days of global economic stability," said Alabbar.
	www.trenchlaw.com /w_article/article_vew.asp?articleid=493 (304 words)

	press(a1).htm
		Dubai Development Investment Authority's director general, Saeed Al Muntafiq led the FDI debate between one of the region's leading financial voices, Hisham Razzuqi, CEO of Kuwait's Gulf Investment Corporation, and from industry, vice president and regional director for General Motors, Steve Koch.
		Al Muntafiq said that while the Government of Dubai has historically been a crucial source of ideas and finance for varied large-scale investment and development opportunities, other regional markets have not been so quick to embrace result-driven FDI opportunities.
		He agreed that, as with all business strategy, the privatisation agenda of the region's 30-plus countries must be clear in its objectives and responsibilities from the start.
	www.dubaistrategy.com /press(a1a8).htm (1088 words)

	Welcome to NRI INSTITUTE
		Those who addressed were NRI Members of Parliament Shri Madhu Goud Yaskhi, Shri Abdul Wahab P.V. and Shri Malay Mishra, Joint Secretary for Ministry of Overseas Indian Affairs.
		Abdul Aziz Al Ghurair, spoke on the role of Indians in developing UAE and the need for them to assimilate with the local language and customs.
		H.E. Bhandari and Abdul Aziz Al Ghurair with Rasik Patel presented the Achievers Award to the following: Abbas Ali Mirza — Dubai, Abdulla A Ajmal — Dubai, Akram M. Shaikh — Dubai, Ashok K. Bhargava — India, Mohd.
	www.nriinstitute.org /event.html (1445 words)

	GulfBankers.com : Bringing Professionals Together
		I am particularly glad that the UAE has been chosen to host this event and that Dubai will become the financial capital of the world for the duration of the Annual Meetings," Abdul Aziz said.
		It is a chance to create a global network of potential partners," Abdul Aziz said.
		He explained that while the Boards of Governors of the World Bank Group and the IMF hold their closed door meetings, associated events offer a lot of opportunities for bankers to interact and update through briefings, discussions, seminars, country reports and luncheon and dinner gatherings.
	www.gulfbankers.com /news/news_more_info.asp?head=news&varNews=29 (525 words)

	MENAFN - Middle East North Africa . Financial Network News: Mashreqbank profit up 131pc (Site not responding. Last check: 2007-10-26)
		DUBAI — The Mashreqbank Group has announced a record net profit for 2005 of Dh1.739 billion, an increase of 131 per cent over its profit of Dh751 million the previous year.
		Addressing a Press conference to announce the results, Mashreqbank CEO Abdul Aziz Al Ghurair said that 2005 has been an exceptional year for the UAE economy and banking industry, adding that banks should be prudent and invest these earnings to strengthen their business fundamentals.
		Abdul Aziz Al-Ghurair expects the UAE economy to continue to perform well but feels that the pace of growth witnessed during the last two years may begin to ease.
	www.menafn.com /qn_news_story_s.asp?StoryId=124393 (528 words)

	rediff.com: Mashreqbank denies any link with terrorist accounts
		The UAE Central Bank Governor Sultan Nasr Al Suwaidi also expressed serious concern over the report, described by Mashreqbank as entirely baseless.
		Abdul Aziz said Mashreqbank had checked all its databases and does not have any accounts or business relationships with any of the 19 names connected to the attack.
		Like all American and foreign banks operating in the United States, Mashreqbank has worked together with the Federal Reserve Bank to verify that it does not hold any accounts in the names of the suspects, Abdul Aziz said.
	www.rediff.com /money/2001/oct/01masreq.htm (261 words)

	New Investment Forays to Boost Mashreqbank (Site not responding. Last check: 2007-10-26)
		Chief Executive Abdul Aziz Al-Ghurair said operating income increased 20.5 percent to 1.7 billion dirhams.
		Ghurair said he expected profits to continue to grow in 2005 as the economy of the United Arab Emirates expanded and Mashreqbank entered new fields such as investment banking.
		Mashreqbank is the second oldest commercial bank in the country, having originally been established as Bank of Oman Ltd. in 1967 in Dubai.
	www.arabnews.com /?page=6§ion=0&article=61900&d=10&m=4&y=2005&pix=business.jpg&category=Business (731 words)

	Khaleej Times Online - Mashreqbank rating upgraded to A minus
		"This upgrade by Capital Intelligence is gratifying recognition not only for us but for the UAE as a whole as it recognises the stability of the economy that has contributed well to our achievements," said Abdul Aziz Al Ghurair, CEO of Mashreqbank.
		He said that 2003 was a remarkably good year for the UAE banking sector and that the current level of economic activity in the country showed promise for good performances in 2004.
		We will continue to work hard to introduce more innovative banking services and expect that in three years time, 20 per cent of our revenues will come from products that we have not launched yet," Abdul Aziz Al Ghurair said.
	www.khaleejtimes.com /DisplayArticle.asp?xfile=data/business/2004/July/business_July45.xml§ion=business&col= (432 words)

	Abdul Aziz Al Ghurair, Chief Executive Officer, Mashreqbank \| Executive Interview
		Abdul Aziz Al Ghurair, Chief Executive Officer, Mashreqbank
		'The real estate business is the locomotive of growth in the UAE today,' Mashreqbank Chief Executive Officer Abdul Aziz Al Ghurair told AME Info at a press conference to announce record group profits.
		Al Ghurair revealed that expatriates could now own shares in the bank.
	www.ameinfo.com /34008.html (743 words)

	Gulfnews: UAE telethon raises Dh49m
		Suha Basat Al Bostani, the spokesperson of the UN International Children's Emergency Fund (Unicef) in Lebanon, said the number of displaced people in Lebanon stood at 750,000.
		The telethon, which was organised by Dubai Media Incorporated, (DMI), the Shaikh Mohammad Bin Rashid Charitable and Humanitarian Foundation and the UAE Red Crescent Authority, was broadcast on four Dubai-based channels and a Lebanese channel.
		Khaleefa Bin Naser Al Suwaidi, chairman of the Board of Directors of the UAE Red Crescent Authority, thanked both the donors and volunteers for supporting the telethon.
	www.gulfnews.com /region/Lebanon/10055827.html (591 words)

	INTERNATIONAL ISLAMIC NEWS AGENCY
		He said that the aid was dispatched as per the directives of Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz to send urgent relief assistance to the Lebanese people 'who are facing destructive Israeli aggression.'
		Beirut, Rajab 21, 1427/August 15, 2006 — The Saudi Field Hospital in Beirut, which was set up soon after the latest Israeli military campaign against Lebanon, has won international applause for its humanitarian services by providing treatment to more than 3,000 Lebanese men, women and children wounded by Israeli gunfire.
		More than half of the consignment was donated by pharmaceutical companies and their agents, including Gulf Drug Establishment, Wyeth, Novartis and Servier.
	www.islamicnews.org.sa /en/search1.php?misc=search&subaction=showfull&id=&id=1130609367&archive=&cnshow=news&start_from (679 words)

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