november 2012 vol. 1 - no. 3 · “the golden rule is to invest in the highest ... the rules.”...

News update

>> Fitch: Dubai prime retail, hospitality well placed for 2013

>> S&P: Ratings on 4 Abu Dhabi GREs unaffected by debt policy

>> Salary increases in UAE, Saudi and Qatar to overtake inflation rates

>> Top Abu Dhabi banker becomes new chairman of UAE central bank

>> Dubai September passenger traffic up 12.8% year-on-year

>> DP World’s terminal volumes drop slightly

>> Mubadala seeks to alter terms on USD3.4Bn in bonds

>> UAE foreign trade rose 10.5% to AED499bn in H1-2012

>> Saudi Mojil Group says shareholders reject liquidation

>> Dana Gas says negotiating standstill pact on USD920m sukuk

Make a silent statement: Flaunt the right accessories at crucial business meetings

Move over micro managers! How effective delegation can save your business

US ‘fiscal cliff’ and EU crisis rein in regional market optimism

After the Spring: Egypt property holds promise

Profiling risk appetite: Add system to your quest for returns

>> Read more >> Read more>> Read more >> Read more >> Read more

NOVEMBER 2012 Vol. 1 - No. 3

Events and Promotions

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30/09/2013

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inspire Vol. 1- No. 3

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Make a silent statementFlaunt the right accessories at crucial business meetings

By Jude Hardy

Do you know what your glasses, cufflinks and make-up say about you? It might not be exactly what you think they’re saying – or what you want them to say. It’s also said that ‘first impressions last’, so what impressions are really given off by accessories for those all-important business meetings?

“Accessories add the finishing touches to a businessperson’s image and they say a lot about your professionalism, individual style, personality, character and status,” Rana Saab, Middle East Ambassador for the Association of Image Consultants International, told Zawya.

“The golden rule is to invest in the highest quality accessories you can afford for your business image and to keep it to conservative amounts,” she said.

The quality, style, color and even amount of accessories you wear to a meeting will give off specific messages. For example, if you wear funky, plastic, colorful glasses, this will say that you’re a young, dynamic, trendy individual, Saab said, which is perfect if you’re in a creative industry such as PR, advertising, fashion or the arts.

“However, if you are in any other corporate environment, then such a style will have the opposite effect and will project a negative image. To play it safe in such situations, always opt for classic, elegant and minimal styles in the highest quality you can afford,” she said.

It’s not all just about impressions, either. Accessorizing in the wrong way can even affect the outcome of your important meeting, Saab said.

“Wearing the wrong accessories can have a negative effect on the outcome of a business meeting especially if they are distracting to your audience,” she said. This mainly applies to women who over-accessorize, wear noisy jewelry and loud colors, “all of which form an element of commotion”.

Men who wear “cheap or unkempt accessories” indicate they have a “poor professional dress choice, which in turn reflects that you are not taking your job seriously (because you have a lack of attention to detail)”, she said.

“This will ultimately lead to you being seen as someone who will never be trusted to play by the rules.”

Didn’t have time to shave or put on your make-up this morning? This too can give off an impression – and it might not be the one you’re looking for. Grooming is a very important factor that shouldn’t be ignored – and it plays a large role in forming a positive first impression. Pay attention to hair, nails, make-up for women and even the condition of your teeth.

Well-groomed facial hair or a clean-shaven look for men is a must, while make-up for women is also essential. However, ladies should opt for a polished, understated look, Saab advises.

“Studies show that women who wear make-up are seen as more trustworthy and dependable, since it implies attention to detail and proper time management,” she said.

“Showing up to work or a meeting bare-faced implies that you were rushing and didn’t give much attention to the way you present yourself. Wearing too much perfume or strong scents is also inadvisable,” the image consultant said.

Top Tips:

➢These items reflect your status:

• Watch

• Pen

• Briefcase

• Folder/s

• Business card holder

• Cufflinks

• Belt

• Shoes

➢Men:

• Keep in mind that the higher quality and the better condition your accessories are in, the more of a professional image you portray.

• Nothing says disheveled and unprofessional more than worn-out or dirty shoes, mismatching or cartoonish socks, scraped leather and cheap jewelry.

• Wear accessories that reflect the industry you’re working in. Most importantly, shave!

➢Women:

• Pay attention to the quality and style of your accessories. Avoid oversized pieces and very trendy designs; keep it classical and minimal. Avoid over-accessorizing too.

• Your nail polish color should be neutral, no flashy hues and definitely no chipped polish. Very long nails are also not acceptable.

• Wear understated make-up and choose accessories that reflect the industry you’re working in..© Zawya

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HOME | FEATURED | SUCCESS SECRETS | MARKETS UPDATE | REALTY CHECK | EXPERT SPEAK | NEWS UPDATE | EVENTS & PROMOTIONS


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SUCCESS SECRETS

Move over micro managers!How effective delegation can save your business

By Jude Hardy

Do you have a high staff turnover? Are your employees de-motivated and suffer from a lack of morale? Crucially, is your business development, profitability or productivity declining? If the answer is ‘yes’ to any of these, then you may have a micro management problem on your hands. However, there’s a key solution to avoid micro managing your staff, who no doubt will be glad not to have you scrutinizing every piece of work they do.

This key is effective delegation – arguably one of the most important management skills that can save time, develop talent, groom successors and motivate your staff.

“Effective delegation happens when a company or someone who leads an organization gives very clear objectives on something. These

objectives should be measurable and they should also be given to the right people,” Panos Manolopoulos, vice president of Europe, Middle East and Africa at Stanton Chase, told Zawya.

“Effective delegation also has to be delivered with clear and effective communication and by definition it has to have good support from the leaders of an organization,” he said. For Manolopoulos, the effects of good delegation are:

• A positive impact on productivity, which is measurable and can be broken down into different components.

• A positive impact on employee engagement. People delegated with tasks in an organization are engaged, involved and happy. This in turn keeps shareholders happy.

However, ineffective delegation can:

• Create inefficiency.

• Create frustration in the top lines of management as well as middle management.

• Force employees to leave an organization, as they don’t feel like part of the company or team.

“Team spirit is very important,” Manolopoulos said, “which is why people in big organizations are spending so much money to inspire a lot of people. By giving them more tasks and responsibilities they make them feel that they’re part of a larger organization,” he said.

“This is why companies are spending lots of

money transmitting the mission and vision and targets of the company – this is directly related to delegation and it’s very important.”

Delegation is sometimes difficult, but it does need to be part of the management culture as well as part of the culture of any organization. Micro managing can prove destructive to a team and even a company. A lot of problems affecting the delegation of tasks do sometimes originate from management themselves.

“It comes from the psychology of leaders. Usually leaders think they’re doing the right thing and that there’s no-one else who can do it in the same way that they can. Often they are doing it in the wrong way,” Manolopoulos said.

“I have seen it a number of times, where a very centralized leader doesn’t want to delegate things because she or he thinks they can do it in their own way, and in a better way,” he said. However, with the right people around them, leaders flourish. They find it easy to delegate the work and become confident and comfortable that the right thing is being done.

Employees that you’re delegating work to should be well-trained and understand and speak to you “in the same frequency that you’re transmitting”.

Giving positive reinforcement is essential, as is tolerating mistakes that might occur. One of the most important tasks for a leader or manager is to look at the end-goal, break this down into specific action items and then delegate these action items to the most appropriate employee

– with a very clear communications strategy.

“Communication is very, very important. Mistakes that happen with delegation are not because of the inefficiency of the people who are delegated, but because of poor

communications,” Manolopoulos said.

Top benefits of effective delegation:

• Productivity. Productivity can be measured and good delegation affects the productivity of an organization or of a certain task.

• Efficiency. Delegation has a direct effect on the overall efficiency of an organization.

• Psychology. Delegation has a direct effect on the positive psychology of an organization. Employees will stay longer in their jobs, give more of their time and dedication and heart to an organization when they see a degree of delegation..© Zawya



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MARKETS UPDATE

US ‘fiscal cliff’ and EU crisis rein in regional market optimismGlobal markets turned negative a day after US President Barack Obama was re-elected on fears of continued political deadlock in Washington. The US is facing the so-called ‘fiscal-cliff’, which is set to trigger USD 600 billion tax increases and spending cuts in the new year, if the president and a Republican-led Congress do not strike a deal.

The Dow Jones Industrial, S&P 500 and Nasdaq indexes all fell below important psychological levels, making global investors nervous about the prospects of the world’s largest economy.

Gloomy economic signals from the European Union did not improve market sentiment, although the Greek parliament’s approval of new austerity measures removed at least one uncertainty.

The European Central Bank left its policy rate unchanged, but warned of downside risks to growth. “It’s the core Europe now, not just the peripheral Europe, that may be sliding into recession,” Boris Schlossberg, managing director of FX Strategy at BK Asset Management in New York, told Reuters. “If that happens, then China will lose its export market and the whole global economy will begin to contract.”

Equally crucial for the global economy, there are signs of a modest recovery in China, although market observers expect a measured upturn

rather than a decisive rebound.

Gulf markets have applied the brakes on their rally to digest the global uncertainties around them. While regional markets trended lower over the past few weeks, their growth story remains intact – for now. However, Dana Gas and Mohammad Mojil Group’s debt issues did not improve domestic investor sentiment.

Meanwhile, reports of Dubai facing debt maturities of nearly USD 50 billion over the next three years is a sobering reminder of the issues still facing the emirate despite recent improvements in economic outlook. This was echoed by Moody’s recent report on the UAE, worrying about banking sector weakness due to exposure to government-related entities.

“Moody’s expects associated provisioning needs and low lending confidence to continue to subdue bank profitability,” the agency said in a note. “Cautious loan growth and the ongoing provisioning required to cover elevated problem loan levels will be the key constraining factors for

profitability.”

OIL

Crude staged a nice rally in the days before the US election, but fell 4.8% a day after the event to trade at its lowest level since July. Still, Brent is trading at USD 109.40, which is higher than OPEC’s medium-term price forecast.

“It is assumed that the OPEC Reference Basket (ORB) nominal price remains at an average of USD 100/b over the medium-term, before rising with inflation to reach USD 120 per barrel by 2025,” the oil exporters group said in its latest World Oil Outlook report. “Longer term, real prices are set to rise slightly and nominal prices thereby reach USD 155 per barrel by 2035.”

GOLD

The re-election of Barack Obama was seen as positive for gold as it would mean an accommodative monetary policy. Gold prices, which had been falling unexpectedly lately, seem to have recovered and seem poised for

higher ground. But gold has disappointed before, and despite various indicators suggesting the yellow metal should be trading higher, it is being pulled in both directions by powerful contradictory forces.

US DOLLAR

One key contradiction is that the weakening American dollar is faring better than other OECD currencies such as the euro and yen, holding gold prices back. The euro slid to a two-month low against the American greenback, falling to a low of USD 1.2688 on November 9, the weakest in two months.

As the euro wilted, the dollar’s index against a basket of currencies rose 0.29% to 81.034, having earlier risen to 81.087, a two-month high, Reuters data shows..© Zawya


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After the Spring: Egypt property holds promise

Construction in the Egyptian real estate market has slowed over the past 20 months, but that only means that there is more pent-up demand for housing than ever before. The North African country is slowly recovering from the Arab Spring revolution that led to great political upheaval but thrust the country into a new era.

“Egypt’s economy has yet to fully recover from the erosion of confidence that triggered a sharp reversal of capital flows, an abrupt decline in tourist arrivals, and a standstill in investment in the aftermath of the January 2011 revolution,” notes the International Monetary Fund.

GDP growth has slowed from 5.1% in 2009/10 to 1.8% in 2010/11 and is forecast to grow 2% and 3% over the next two years. The country’s fiscal situation remains fragile while unemployment remains high. Much depends on Egypt securing a USD 4.8 billion loan from

the IMF, which would instill investor confidence in the market.

While Egypt struggles with short-term challenges, few analysts doubt the country’s long-term investment potential in sectors such as real estate, hospitality and financial services.

Equally important are the demographic dynamics.

The population of Cairo, the country’s most populous city, alone is set to rise by 1.2 million over the next two years. Overall, the country is the most populous Arab nation with more than 80 million people, growing at an annual rate of roughly 2% each year.

Developers are taking note.

Emaar Properties and Al-Futtaim Group have jumped into the fray, announcing plans to develop Cairo Gate, a USD 830 million retail and entertainment complex on a 16-acre site on the Cairo-Alexandria highway. Orascom Construction Industries and BESIX are building a USD 400 million, 162,500-square meter shopping mall, being developed by Dubai’s Majid Al Futtaim Group.

Other encouraging news comes from Amer Group, which recorded real estate sales of around USD 388 million over the past nine months, with most of the sales from residential units. Egyptian developer SODIC also launched a new phase of the Westown project located in 6th of October City after selling out the first four phases. Mountain View launched a new phase of the Hyde Park project in New Cairo

and also began sales of townhouses and villas in its October Park project in 6th of October City.

However, the government has also cracked down on real estate companies that it believes benefited unfairly from the previous regime, which has held investors back.

“The government is studying new laws to impose fines on companies undertaking commercial activities from residential buildings,” notes real estate consultant Jones Lang LaSalle. “If enforced, this will increase demand for space in purpose-built office premises.” The pent-up demand continues to rise as JLL expects only 30,000 units to be delivered by 2013.

Despite the economic lethargy, New Cairo apartment prices rose 1.5% in the second quarter of 2012, although villas slid by 1% during the same period.

“Similar trends have been experienced in 6th of October, with a marginal increase in apartment prices up 8% to USD 990 per square meter, while villa prices fell slightly (0.4%) to USD 1,190 per square meter,” notes JLL.

Rents have remained relatively stable in Cairo, which suggests that the market is poised to rise once the clouds of economic uncertainty dissipate.

Despite its many short-term challenges, Egypt has a massive housing shortage and one that is only set to expand. According to some estimates, the country needs 550 new homes per day for the next five years, or one 30-storey building each day for the next five years, to meet demand for affordable housing.

That’s a tall order, and one that will require billions in investment. And that’s where the private sector and experienced regional developers can play a crucial role..© Zawya

REALTY CHECK


Completed Stock New Supply2010 51,000 -2011 67,000 -2012 71,000 4,0002013 75,000 28,0002014 103,000 24,000

Completed Stock New Supply2010 578,000 -2011 761,000 -2012 761,000 118,0002013 879,000 408,0002014 1,287,000 181,000

Source: Jones Lang LaSalle

EGYPTIAN RESIDENTIAL STOCK

EGYPTIAN RETAIL STOCK

Source: Jones Lang LaSalle


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Profiling risk appetite…By Frederic de Melker

Investing is about seeking opportunities and converting these into solid gains, and the ‘quest’ for returns is most successful if the approach is systematic.

Risk profiling is one of the ways to prevent losing out. And this does not include simply completing a 10-question questionnaire - It is about taking the time, to think and formulating answers to the most elementary questions like: ‘What is your current financial situation? What is the risk that you are prepared to take? What is the purpose of your investment? or When do you need the money back?

Academic analysis teaches us that the right distribution between cash, bonds, equity and even real estate, determines almost 70 per cent of your investment result. That is why it is important that this asset allocation fits

your situation and maximises your financial advantage.

But your risk profile is only a component of your overall investment profile. You should also take into account your knowledge and experience about investing. For example, if you have never invested in stocks before, you should get expert guidance on the concept of stock markets and stocks, before taking any position. Be advised that emotions can be a dangerous guide. In times of euphoria or depression, emotions lead you to take wrong decisions. Here your level of knowledge and experience are the driving factors.

Step 1: Your current financial situation

Aggressive risk taking is not based on a ‘dare devil attitude,’ but on your financial capacity, which means your monthly income and existing wealth. The higher your capacity, the more risk you can bear. The most important element is your cash buffer. Many investors lose money because they need to sell during difficult times to pay off debts. You can prevent this situation by reviewing your monthly expenses and setting aside at least 6 to 12 times this amount.

Step 2: What risk?

There are two ways to look at risk. Firstly, you have ‘objective risk’ that results from a mathematical and statistical approach. It is expressed in a set of ratios that assesses volatility and compares risk between different investment products. A wealth advisor could

probably assist you in understanding this better.

However, you should also take into account another view on risk - the ‘subjective risk’. This element is based on what you perceive - as an investor - to be an unwanted event. Again, your experience and knowledge are the main drivers of subjective risk. Your reactions to a specific market situation will be more controlled and rational, if you are prepared and well informed.

Step 3: Set your goal & determine your horizon

Be it retirement, children’s education or a world trip, you need to set your financial objectives for the future. In this way, you create an investment goal that is clear and measurable. Considering investment positions accordingly is a trade-off between security and capital growth. From a horizon perspective, the longer the time for the maturity of a financial goal, the smaller the risk involved. Investment results are more stable and even in the long term. Consequently, when you are getting closer to your goal, you will move to a more conservative profile.

Step 4: Evaluate and Review

It is important to review your profile and update it at regular intervals. When your monthly income goes up or down, your risk appetite or your goals will get impacted. Re-evaluating the risk you are taking can help you to stay on course in a changing environment.

When you don’t feel comfortable with certain financial market evolutions, it is wise to evaluate your current profile without letting your emotions taking the lead.

Frederic de Melker is Head of Priority Banking at Emirates NBD.

EXPERT SPEAK



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NEWS UPDATES

Fitch: Dubai prime retail, hospitality well placed for 2013Fitch Ratings says that Dubai prime retail and hospitality have been vigorous in 2012 and the agency believes the sector is well placed for 2013. However, despite some stabilization, challenges remain for the office and residential sectors, Reuters reported.

As per the rating agency’s expectations, retail rentals and hospitality revenues are holding up and have shown healthy performance in 2011 and 2012 to date and have potential for a strong start in 2013. Although offices and residential prices and demand are stabilising in prime locations in Dubai, widespread recovery in these sector is still challenged over the medium term.

The performance of prime retail and hospitality was resilient in 2011 and 2012, with occupancy rates and prices holding and improving. These sectors continue to benefit from healthy tourism, partly due to the turmoil affecting some Middle East destinations and the positive impact this has had on Dubai as being a major Middle-Eastern preferred destination.

Full story:

S&P: Ratings on 4 Abu Dhabi GREs unaffected by debt policyStandard & Poor’s Ratings Services said the ratings on four Abu Dhabi-based government-related entities (GREs) are unaffected by the recently publicized directive on public debt policy, endorsed by the Abu Dhabi Executive Council, Reuters reported.

The entities are: Abu Dhabi National Energy Company (A/Stable/--), International Petroleum Investment Company (AA/Stable/A-1+), Mubadala Development Company (AA/Stable/A-1+), Tourism Development and Investment Company (AA/Stable/A 1+).

Full story:

Salary increases in UAE, Saudi and Qatar to overtake inflation ratesSalaries in the UAE could rise by 5% next year with the highest raises expected in the energy, consumer goods and technology sectors, according to a recent survey, Gulf News reported.

A survey of about 500 companies in the Gulf across industries forecasts a 5% rise in the UAE, 5.6% in Qatar and 6% in Saudi Arabia during 2013 — which will remain above the forecast inflation rates, according to the Total Remuneration Survey by global consultancy Mercer.

Companies will increase salaries at all levels of hierarchy because of competition to acquire and retain talent, Mercer said.

Full story:

Top Abu Dhabi banker becomes new chairman of UAE central bankTop Abu Dhabi banker Khalifa Mohammed al-Kindi is the new chairman of the United Arab Emirates’ central bank, a statement from the bank after a board meeting showed, Reuters reported. Sultan Nasser al-Suweidi remains governor of the bank.

The chairman, who heads board meetings and has the final say on policy decisions, is involved in strategic decision-making, while the governor steers the bank’s day-to-day operations and represents it at high-level international events.

Full story:


http://www.zawya.com/story/Dubai_on_track_to_repay_USD10bn_Abu_Dhabi_loan__Official-ZW20121021000036/


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Dubai September passenger traffic up 12.8% year-on-yearPassenger traffic at Dubai International Airport climbed 12.8% from a year earlier in September, as a larger flow of European travellers offset a drop in traffic on some Middle Eastern routes due to turmoil in countries such as Syria, Reuters reported.

The airport, one of the world’s busiest, handled 4.78 million passengers in September, up from 4.24 million in the prior-year period, Dubai Airports said.

Year-to-date traffic grew 13.4% to 42.57 million passengers compared to 37.55 million recorded during the corresponding period last year.

Western Europe routes recorded the largest increase in passenger numbers for the month, followed by the Indian subcontinent.

DP World’s terminal volumes drop slightlyDubai port operator DP World, which recently disposed of stakes in some non-core assets, reported a slight decline in its consolidated terminal volumes for the third quarter, according to Reuters. The world’s third-largest port operator said terminals in which it owns majority stakes recorded a 0.7% year-on-year fall to 6.94 million TEU (twenty-foot equivalent units) in the third quarter.

This was because the Asia-Pacific and Indian subcontinent region and the Europe, Middle East and Africa region reported lower volumes.

Full story:

Mubadala seeks to alter terms on USD3.4Bn in bondsAbu Dhabi’s state-owned investment fund Mubadala is seeking bondholders’ consent to alter certain contract terms on outstanding bonds worth about USD 3.4 billion, Reuters reported.

Mubadala Development Company, which owns stakes in General Electric and Carlyle, said the main impact of the proposal would be the amendment of clauses relating to an event of default to remove reference to principal subsidiaries and principal joint venture companies.

The proposed changes also affect a clause which says that the Abu Dhabi fund will not pledge any of its assets in a way which negatively affects other creditors.

Full story:

UAE foreign trade rose 10.5% to AED499bn in H1-2012The total value of the UAE’s foreign trade in the first half of 2012 touched AED 499 billion compared to AED 451.6 billion for the same period in 2011, an increase of AED 47.4 billion, or 10.55%, the National Bureau of Statistics showed, Gulf News reported.

The NBS said that imports also increased in H1 of 2012 to AED 321.4 billion compared to AED 286.3 billion for the same period of 2011, up by 12.3%.

NBS figures showed exports amounted to AED 77 billion in the first half of 2012 compared to AED 55.1 billion for the same period of 2011, up 39.7%. Re-exports logged AED 100.5 billion compared to AED 110.2 billion, down by 8.8%.

Full story:

NEWS UPDATES


http://www.zawya.com/story/TR20121014nL5E8LE0WJ2


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Saudi Mojil Group says shareholders reject liquidationShareholders in Mohammed al-Mojil Group (MMG) have rejected the idea of liquidating the construction company, which is burdened by heavy losses and debt, Reuters reported.

The company’s recovery plan includes asset sales, cutting bank debt and absorbing accumulated losses, it said in a statement to the Saudi bourse, after shareholders agreed to keep the firm running.

Restructuring efforts at the MMG, which is involved in oil and gas projects mainly for state oil giant Saudi Aramco, caused its quarterly loss to narrow from the previous quarter to SAR 33.8 million (USD 9 million) in the three months through September, the company said.

Full story:

Dana Gas says negotiating standstill pact on USD920m sukukDana Gas, an energy firm based in the United Arab Emirates, is negotiating a standstill and lock-up agreement with holders of its USD 920 million Islamic bond, or sukuk, after failing to repay the debt when it came due, the company said.

Discussions over a standstill, which would prevent creditors from enforcing against Dana’s assets as they negotiated a restructuring, were “progressing positively”, Dana said in a statement on the Abu Dhabi bourse website, Zawya Dow Jones reported.

Dana became the first company in the UAE to go into technical default on a corporate bond when it filed a dissolution notice with the London Stock Exchange and asked holders of the Islamic bond to “confirm whether they wish for the trust to be dissolved”.

Full story:

.

© Zawya

NEWS UPDATES


Smart saving wins you smart prizes and smart returns of up to 2.25%

SMS ‘SSPT’ to 4452

http://www.zawya.com/story/ZAWYA20121022043226


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Add an enchanting sparkle to your festive seasonLight up your celebrations with exceptional Privileges and More offers for jewellery.

Enjoy a range of offers from our partner merchants - names that you trust for superior quality and value.

Offers are valid for a year and can be availed as many times as you shop at the merchant outlets, by simply presenting your Privileges and More card.

*Terms and Conditions apply.

Visit emiratesnbd.com/en/priorityBanking/privilegesAndMore


For detailed list of offers,

Al Zain Jewellery

> Receive a discount of 45% on selected Al Zain Jewellery only

Valid at: Deira City Center | BurJuman Center | Dubai Festival City | Mall of the Emirates | Khalidiah Mall, Abu Dhabi | Marina Mall, Abu Dhabi

Cara Jewellers

> Receive a discount of 70% on diamond jewellery

Valid at: The Gold & Diamond Park

Dhamani Jewellery

> Receive a discount of 20% on tagged merchandise

Valid at: All stores across the UAE

Mikura Pearls

> Receive a discount of 20% on retail price at Mikura Boutiques

Valid at: Deira Gold Souk | Dubai Festival City | The Dubai Mall | Al Wahda Mall, Abu Dhabi

inspireinspire Vol. 1- No. 3

30/09/2013

This is not a Debit or Credit Card

Liali Jewellery

> Get cash back on purchases of diamond, pearl or coloured stone jewellery only - 15% on purchases of over AED 30,000 - 10% on purchases of over AED 20,000 - 5% on purchases of over AED 10,000

Valid at: All stores across the UAE


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Emirates NBD invites you to witness a series of magical evenings featuring the best in Indian Classical music.

The fourth concert features Maqbool Husain Khan and Zeeshan Khan.

Maqbool Husain Khan hails from the family of great musicians the “Rampur Sahaswan Gharana”

of Hindusthani Classical music. His first performance was at the age of 13 followed by a journey of accomplishments and accolades all through.

Zeeshan Khan started taking his lessons of Classical music from his father Ustad Maqbool Husain

when he was 3 years old. His first performance was at the age of 11.

Venue

DUCTAC Theatre

Inside the Mall of the Emirates, Dubai

Date

Thursday, December 27th, 2012

Time

Gates open: 6.30 pm,

concert starts: 8.00 pm


To attend this event SMS ‘CLASSICS’ to 4452 Logon facebook.com/emiratesnbdclassics

november 2012 vol. 1 - no. 3 · “the golden rule is to invest in the highest ... the rules.”...

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