Tag Archive | "Federation"

UAE Banks Federation holds its Ordinary Annual General Assembly Meeting

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UAE Banks Federation holds its Ordinary Annual General Assembly Meeting



34141UAE Banks Federation held its Ordinary Annual General Assembly Meeting last Thursday (April 25, 2013) in Commercial Bank of Dubai Headquarter, in Dubai. Headed by H.E. AbdulAziz Abdulla Al Ghurair, Chairman of UAE Banks Federation, in the presence of Board Members and representatives of member banks.

H.E Al Ghurair welcomed all attendees, and praised the cooperation and coordination between the Banks, Central Bank and other official entities. H.E Al Ghurair said: “The UAE banking sector has proved the ability to deal with all the challenges and has succeeded in managing and surviving all the crises, and had been able to meet the international standards at all levels through the latest developments and techniques, where the role of UAE Banks Federation has been emphasized in developing cooperation and harmony between the banks, representing their interests and improving the employees skills to provide the best services to customers with a high level of transparency, and contributing to social responsibility and economic development.

During the Meeting, major topics on the agenda were discussed and reviewed, which included approving the minutes of last year General Meeting held on April 4, 2012, and approving the Financial Statements, Auditors’ Report for 2012, estimated budget for 2013, and election of the current Board of Directors for the next three years.

UAE Banks Federation approved the Annual Report of 2012 which shows the major achievements and the significant role the Federation has played on different subjects such as “Mortgage Loans Cap”, “Liquidity Regulation at Banks”, “Monitoring of Large Exposure Limits”, establishment of “Al Etihad Credit Bureau”, the initiative of proposing rules for “Appointment of Legal Banking Experts” and setting up “Specialized Commercial Courts”.

The annual report emphasized the good performance of UAE banks and the apparent growth almost in all indicators, reflected in achieving comfortable liquidity level, a strong capital base and a high capital adequacy ratio, where the UAE banking sector remains the Arab largest in terms of assets. The number of national banks remained 23 by the end of 2012, however, their branches rose up to 805 in 2012, compared to 768 branches in 2011. Meanwhile, branches of the 28 foreign banks operating in the local market rose to 83 by the end of 2012

The General Assembly Meeting was concluded by ratification of the UAE Banks Federation Business Plan for 2013 which was approved by the Board of Directors during their meeting early this month, aiming to boost cooperation, coordination and consultation with the Central Bank, Ministries and other Government Entities on all issues related to the banking sector, as well to promote Emiratisation in the banking sector and develop cooperation and harmony among the member banks to perform their role in the economic development, social responsibility and customers protection.




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UAE National Olympic Committee granted membership to the Emirates Golf Federation

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UAE National Olympic Committee granted membership to the Emirates Golf Federation


295The UAE National Olympic Committee has formally granted membership to the Emirates Golf Federation in recognition of the national team’s impressive achievements on the regional circuit, especially the Doha Arab Games where it won the team and individual gold medals.

The membership was endorsed by the committee’s General Assembly recently hosted by Shaikh Ahmad bin Mohammad bin Rashid Al Maktoum, President of the UAE National Olympic Committee.

“This is a momentous occasion for UAE golf and we are really pleased to be officially recognised by the National Olympic Committee (NOC),” said Shaikh Fahim bin Sultan Al Qasimi, president of the Emirates Golf Federation.

“The past couple of years have been pretty productive for the UAE national teams as we celebrated a string of successes, both at home and abroad. We won the team and individual gold medals in the Arab Games held in Doha last year and repeated the feat in the recently-concluded GCC Championship in Dubai.

“Our National Junior Programme which we started two years back has also started yielding results with many young Emiratis taking to the sport and showing a vast improvement in their game. Already, we have over 100 Emiratis who are enrolled with the programme, and many of them have started competing regionally,” he added

“The membership to NOC will motivate us to raise the bar and strive for more glory. It will also open up more opportunities for the national teams to compete on the bigger stage like the Asian Games.

“With golf returning to the Olympics for the first time in over 100 years, we can always start planning for the biggest sporting spectacle on the Earth. We are grateful to the NOC for recognizing our efforts,” he said.

The UAE national team will be competing in the Eisenhower Trophy and Arab Championships later this year. A victory in the Arab Championship, to be held in September, will crown the UAE as the undisputed golf champions of the Arab world.

“That’s the immediate target,” said Saeed Albudoor, general manager of the Emirates Golf Federation. “Every member of the team has contributed to the success of the team and I do hope they will continue to work hard and keep the momentum going.”



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HP Extends Converged Storage Leadership with New Storage Federation Technology

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HP Extends Converged Storage Leadership with New Storage Federation Technology


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Walid Gomaa StorageWorks Business Unit Manager HP Middle East

Dubai, UAE, – HP today expanded its Converged Storage portfolio with HP Peer Motion, new federated storage software which enables clients to transparently move application workloads between disk systems in virtualized and cloud computing environments.

HP also introduced new HP P10000 3PAR Storage Systems with powerful features for the delivery of enterprise IT within public and private clouds, called IT-as-a-Service. These features include multitenancy for workload consolidation, expanded thin technologies for efficient capacity utilization and autonomic load rebalancing to drive enterprise agility.

IDC estimates that by 2012, 85 percent of new applications will be specifically designed to be accessed in the cloud.(1) Agile delivery of these virtualized and cloud based applications  requires linking multiple storage systems together to act as a single entity. Called storage federation, this capability can eliminate the extra layer of virtualization appliances and, as a result, decrease cost, administration overhead and service level risk within the data center architecture

“Legacy storage systems architected 20 years ago were never designed for the dynamic IT-as-a-Service world, forcing organizations to use expensive and inefficient bolt-on virtualization approaches,” said Walid Gomaa, Storage Business Unit and Sales Manager, HP Middle East. “The true peer-based storage federation in HP Converged Storage solutions can handle the inherent unpredictability of always-on, multitenant environments while reducing expense, management overhead and risk to service levels.”

Agility to deal with unpredictable demands

New HP Peer Motion software, available for HP LeftHand and 3PAR Storage Systems, delivers the industry’s first peer-to-peer storage federation capabilities that span from a virtual storage area network (SAN) software appliance to midrange and high-end storage systems. HP 3PAR and HP LeftHand Peer Motion software enables clients to:

—  Ensure constant productivity and redistribute workloads non-disruptively in response to an unpredictable environment with federated workload balancing.

—  Increase return on investment with federated Thin Provisioning, which transparently moves application data to systems with available capacity, reducing the need for future storage purchases.

—  Improve productivity by moving data from retiring arrays to new systems nondisruptively with federated asset management, which eliminates downtime or service interruption during storage asset refresh activities.

“Our research is telling us what IT executives all over the globe already suspect, namely that taking the same approach with storage in next generation data centers won’t deliver the results needed,” said Steve Duplessie, founder and senior analyst at Enterprise Strategy Group, a full-service IT analyst and business strategy firm. “The new HP 3PAR platform scores at or near the top of every open-systems criteria we’ve considered for tier 1 storage for this new data center model.”

Simplified management without sacrificing performance

Clients can be confident that the innovation which made 3PAR unique is continuing as part of HP. Less than a year following HP’s acquisition of 3PAR, the company is introducing the HP P10000 3PAR Storage System with two new models, the V400 and V800 (HP 3PAR V-Class). The HP 3PAR V-Class is a powerful, mission-critical storage system that simultaneously supports mixed, unpredictable and multitenant workloads on a single high-performance array. This unique capability is delivered by the HP 3PAR Gen4 ASIC, which simplifies management by:

—  Consolidating unpredictable workloads, such as financial trading and virtualized application deployments, without the need for manual separation of diverse workloads on to different storage resources or storage systems.

—  Providing 1.5 times greater port connectivity and disk resources, as well as up to three times greater performance for sequential workloads such as data analytics, versus previous 3PAR systems.(2)

—  Autonomically load balancing all data within the array in one click as new resources are added to the system, raising the performance and service level availability of all volumes on the system.

Efficiency to meet the demands of explosive data growth

Clients using competitive storage arrays typically achieve written data utilization rates as little as 10 to 20 percent.(3) The HP 3PAR V-Class eliminates the need to purchase unnecessary disk space by fully leveraging available capacity with:

—  Three times greater bandwidth for fat-to-thin conversion, which allows clients to quickly move their data to more efficient thin volumes, achieving greater capacity utilization.(3)

—  Identification and reclamation of unused storage capacity in granular increments as an application writes and deletes data with a new “nano reclamation” engine.

—  Remote data replication that detects and eliminates unused space in traditional volumes, reducing network and remote capacity needs.

The HP 3PAR V-Class is a core technology of the new HP VirtualSystem and HP CloudSystem solutions, which integrate hardware, software and services to speed deployment and enable a simple path to an open, hybrid cloud enterprise.

Additional HP 3PAR information is available at www.hp.com/go/p4000 www.hp.com/go/path2cloud.

HP’s premier client event, HP DISCOVER, takes place Nov. 29 - Dec. 1 in Vienna, Austria. The event showcases how organizations can get started on their Instant-On Enterprise journeys.


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