Exchange rates   
 EUR  4.774  4.887
 USD  3.662  3.684
 GBP  5.753  5.867
Weather today
Temperature: 72°F / 22°C
Humidity: 78%
Wind: ENE , 4mph / 6km/h
February 05, 2012 United Arab Emirates
  
Property16380
Transport17892
Computers14553
Phones & Link31262
Electronics15946
Job & Education41216
Furniture & Interiors31073
Household goods1617
Fashion & Style3269
Business76657
Construction & Repair749
Childrens world476
Sport, Health & Beauty4998
Travel, Leisure & Events2429
Pets & Plants18550
Others7238
Place Your Banner Here
Place Your Banner Here
Place Your Banner Here
Place Your Banner Here
Dubai Support Fund board appointed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, yesterday issued Royal Decree 41-2009, appointing the chairman and members of the board of the Dubai Financial Support Fund.

The fund was established by Royal Decree 24-2009 on July 21, as an independent legal entity to manage the proceeds of the Dubai Government's $20 billion (Dh73.4bn) bond programme, or any other bond issues.

Abdulrahman Al Saleh, Director-General of Dubai's Department of Finance was appointed as Chairman of the fund. The fund will be accountable to Dubai's Supreme Fiscal Committee and is supported by the Department of Finance.

The following members were appointed to the board: Abdulaziz Rahmah Al Muhairi, Managing Director of the Investment Corporation of Dubai, is Deputy Chairman; while Mattar Mohammed Al Tayer, Chairman of the Board and Executive Director of the Roads and Transport Authority in Dubai, Majid Saif Al Ghurair, Chairman of Shuaa Capital, and Dr Riad Mohammed Khalfan Belhoul, Legal Counsel, are board members.

The board's principal duties include the responsibility for establishing operating policies and procedures and for recommending criteria for assessing loan applications by government and government-related entities. The board will nominate projects that need to be financially supported.

Also, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Executive Council, yesterday issued Decree 19-2009 appointing Marwan Iqbal Abedin as Executive Director of the fund with the responsibility for managing daily operations.
August 13, 2009
Business 24|7

Dubai house prices drop 9% in Q2

More Dubai metro stations to open

Local Firm to Produce H1N1 Drug

Dubai records 19.5% traffic rise

Outsourcing to boost data centres

Next three months may see half of UAE employers hiring



Special Ads 
© Copyright 999.AE 2009 - all rights reserved. Free Classified Ads UAE | About Us | Terms and Conditions | Privacy Policy | Advertise | Contact Us