Tag Archive | "UAE"

Al Ansari Exchange inaugurates new branches in UAE as part of its expansion strategy

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Al Ansari Exchange inaugurates new branches in UAE as part of its expansion strategy

4168Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has announced the opening of new branches in the UAE in line with its

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customers. With the recent inauguration of the branches, Al Ansari Exchange now boasts

more than 150 branches in the country.

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The company plans to open more branches in strategic locations in the UAE in 2015 which aligns well with its growth strategy in the coming years.

The newly opened Al Ansari Exchange branches are distributed in Abu

Dhabi, Dubai, Sharjah, Ras Al

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Khaimah and Fujairah. The new branches in Abu Dhabi are located at Yas Mall, Deerfields Town Square,

and Al Raha Mall, while those in Dubai are in TECOM and Arabian Ranches; in addition to Bay Avenue in Business Bay; Al Fahidi in Bur Dubai; and Oasis Center at Sheikh Zayed Road. The other three branches are at

Al Taawun in Sharjah, Al Muntasir Road in Ras Al Khaimah, and

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Lulu Mall and Century Mall in Fujairah.

Rashed Ali Al Ansari, General Manager, Al Ansari Exchange, said: “Al Ansari Exchange has opened new branches in the UAE after a rigorous cialis free coupon market survey and assessment of the needs of its customers with an aim

to offer them the convenience of location and accessibility. The move complements our expansion strategy for 2015 which includes plans for opening more branches in the

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locations and new communities to provide seamless money exchange and remittance services. We are confident that the new branches will add significant value to Al Ansari Exchange and increase its market share as well as its customer base.”

Posted in Corporate & Business, Finance and EconomyComments Off

Paul Mitchell and Nazih Group announce the first hair styling training institute in the UAE

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Paul Mitchell and Nazih Group announce the first hair styling training institute in the UAE

4140In a step that is set to revolutionize the regional beauty industry, Paul Mitchell – the well-known US professional hair care brand, has announced its plans to set up a training institute for beauty enthusiasts in the UAE in collaboration with Nazih Group. The announcement came during an event held at Sheraton Hotel JBR in Dubai in the presence of officials from Nazih Group and Paul Mitchell.

The number one US salon brand was brought to the region by Nazih Group, the pioneer marketer and distributor of professional salon products and equipment in MENA region, last July and had massive success among professional beauty salons and hair stylists in the UAE.

Mr. Nazih Hamad, the Managing Director of Nazih Group, said: “After a successful launch last year, we are pleased to announce our plans for setting up a training institute which will definitely benefit hair stylists in the UAE. This step is to further reinforce our commitment to our discerning customers and we are sure that the new training institute will benefit those seeking the latest trends in the beauty industry.

In his comments John Paul Dejoria, chairman and co-founder of Paul Mitchell said:” The huge success that Paul Mitchell’s hair care range brought in, motivated us to set up the plan for a training institute and the fact that Dubai has it all nowadays, we decided to kick off from here. We are also happy to be working closely with a leading group such as Nazih in this amazing growth journey for their wide expertise in the beauty scenery in the region.”

Paul Mitchell started more than 35 years ago to provide luxury hair care at an affordable price. The rich product portfolio makes the brand a leader in the hair care industry worldwide with a renowned institute that graduates 17,000 hairstylists annually. John Paul Dejoria – Chairman and Co-founder of the brand will be visiting the UAE for the first time to witness the launch plans and explore the potential market for the brand in addition to developing the business.

Nazih Group is the exclusive distributor for over 50 brands in MENA region. A pioneer in the Middle East, Nazih Group is in existence for more than 35 years, and present in 16 countries across the MENA region and Canada.

Posted in Corporate & Business, Manufacturing and IndustryComments (0)

UAE real estate sector to stay attractive in 2015

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UAE real estate sector to stay attractive in 2015

428UAE’s real estate sector will remain attractive in 2015 despite global challenges, says real estate development and marketing firm TASWEEK.

Positive microeconomic, regulatory and population factors continue to drive real estate growth across the UAE, according to TASWEEK’s Q4 market findings.

The country’s banks remain generally sound and profitable, although TASWEEK cautions the gross loans/deposit ratio is nearing 100 per cent, thus indicating more limited room for growth.

The domestic population remains on track, reaching around 9.9 million by the end of 2014 and is expected to hit 18.83 million by 2023 to further stretch market demand.

TASWEEK affirms a positive correlation between this growth rate and the increase in new UAE real estate projects. Moreover, government measures to dampen speculative activities in real estate and better control credit growth have further streamlined industry.

Masood Al Awar, CEO of TASWEEK Real Estate Development and Marketing, says: ”There are many factors pointing to the continued growth of real estate in the UAE in 2015 and beyond, including a surging population, a resilient economy with an overall inflation rate of less than 2 per cent, resurgent market confidence, and stricter regulatory controls on the sector.”

TASWEEK’s report shows that residential activity continues to lead Abu Dhabi’s property market while business in Dubai is enjoying higher consumer confidence.

Overall, the sector sustained the growth momentum of the past three quarters and moved towards a strong finish for the year.

Abu Dhabi’s residential segment led the local market upsurge, supported by the reduction of supply as a measure for landlords to protect rent levels, the removal of the rental cap, and the return of government employees residing in other parts of the country to the emirate in compliance with new housing policies.

Overall, rent prices rose 5 per cent in the mainland and 3 per cent in freehold areas located at the outskirts of Abu Dhabi.

For Q4, the best studio deals were found in the Muroor Road and Al-Markaziyah areas at an average annual rate of AED 57,750. Muroor Road offered the best 1-, 2-, 3- and 4-bedroom rates at AED 68,250, AED 84,000, AED 126,000 and AED 168,000, respectively.

As for villa rentals, the Al-Reef gated community had the best offers for 3-, 4-, and 5-bedroom units at corresponding prices of AED 130,000, AED 160,000, and AED 180,000.

The sales market continued to stabilize in Dubai for Q4 2014. The observed slowdown in transactions is indicative of a growing market patience and confidence in the future.

On average, sales prices decreased a little by 3 per cent compared to Q3.

TASWEEK notes government measures to better regulate mortgage financing and double RERA transfer fees helped cool down the market in the last quarter.

The company adds that more buyers are expressing interest in Dubai’s off-plan property options.

As predicted by TASWEEK at the start of 2014, the UAE’s real estate market ended strong. Thanks to a vibrant economy, a surging population, strategic sector-related government measures, and renewed global confidence in the country’s property offerings.

Abu Dhabi’s residential segment stood out in Q4 2014 and is expected to lead the local market in 2015.

Dubai, on the other hand, is enjoying market stability characterised by a more patient and confident consumer base.

Positive Q4 2014 trends in the UAE’s two main property markets bode well for another solid year of real estate business in 2015.

Posted in Corporate & Business, Real Estate and ConstructionComments (0)

What’s more common in the UAE- Nokia or the iPhone 5s? Make a second guess!

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What’s more common in the UAE- Nokia or the iPhone 5s? Make a second guess!

43iPhone 5s continues to be the leader in the mobile handset market in the UAE, followed by Nokia 105/1050, according to a new study.

Both Samsung and Apple have recorded an increase in their market shares, said the The Telecommunications Regulatory Authority’s (TRA) data for the third quarter of 2014.

Use of smartphones in the UAE is increasing constantly with the devices accounting for 59 per cent of handsets registerd on the country’s networks between July 1, 2014 and September 30, 2014, the study said.

In terms of smartphone models, the iPhone 5S was the most commonly used Smartphone in the UAE comprising 3.7 per cent of total handsets registered on the UAE networks, the report said.  iPhone 5 was the second most popular smartphone with 2.5 per cent of the market share. The third most commonly used smartphone was the Samsung S III (2.4 per cent), followed by iPhone 4S (1.7 per cent), Samsung S4 LTE (1.7 per cent), Galaxy S Duos (1.5 per cent), iPhone 4 (1.4 per cent), Samsung Note 3 (1.2 per cent), BlackBerry Bold 9900 (1.2 per cent) ; and Samsung S5 (0.7 per cent), it said.

Mohamed Nasser Al Ghanim, director general, TRA, said: “The report illustrates a number of interesting trends emerging in the UAE’s mobile handset market. It also demonstrates the dynamic nature of consumer patterns in relation to handset choices.”

The report indicated that 45 per cent of all handsets registered on UAE networks were manufactured by Nokia, although this figure has been declining over time. This figure decreased by 5 per cent during the last two quarters.  Nokia was followed by Samsung (22.6pc), Apple (10pc), BlackBerry (6.1pc), Sony (1.1pc), HTC (1pc), Lenovo (0.9pc) and Huawei (0.8pc). Although the growth has shrunk, Samsung and Apple recorded increases in their market shares in Q3 2014, it said.

In terms of specific handset models, the iPhone 5s was the most popular mobile handset in UAE in Q3. The Nokia 105/1050 was the second most popular handset followed by the Nokia 101/1010.

The report also provides information on the most popular mobile operating systems used in the UAE.

The use of Symbian is declining over time and the Android was the most commonly used operating system in the UAE as of Q3-2014.  The market share of iOS is steadily increasing while RIMs (the

operating system for Blackberry) is continuously decreasing.

During the period from July 1, 2014 to September 30, 2014, users of Smartphones and fixed Internet

services in the UAE visited various applications websites. Apple iTunes was by far the most commonly visited applications website, followed by Samsung Apps, Android Applications, Nokia OVI while Blackberry App came last. The number of visits to BlackBerry and Nokia applications websites has been declining over time while the volume of visits to Apple iTunes and Samsung is progressively increasing.

In terms of social media, UAE Smartphone and fixed Internet users made a total of 28 billion visits to social networking websites during the third quarter. Visits to Facebook accounted for 88pc of total visits to social networking sites, followed by Twitter with 9pc of visits, the study said.

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UAE, Saudi Arabia, Kuwait elected to the International Telecommunication Union (ITU) Council

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UAE, Saudi Arabia, Kuwait elected to the International Telecommunication Union (ITU) Council

437The South Asia–Middle East–North Africa region’s SAMENA Telecommunications Council today announced that 10 countries from the SAMENA region have been elected to the ITU Council, the governing body of the International Telecommunication Union (ITU), the United Nations specialized agency for information and communication technologies (ICTs). The ITU Council elections were held during the ITU Plenipotentiary Conference 2014 (PP-14), which is taking place in Busan, South Korea from 20 October to 7 November 2014.

SAMENA region countries elected to the ITU Council include the UAE, Saudi Arabia, Kuwait, Egypt, Morocco, Algeria, Tunisia, Turkey, Pakistan and Bangladesh.

Nasser Bin Hammad, Senior Manager, International Affairs at the UAE’s Telecommunications Regulatory Authority (TRA), was elected to the ITU Radio Regulations Board.

“To have as many as 10 SAMENA countries on the ITU’s governing body is a great achievement that will ensure our collective voices are heard in the international ICT debates that shape global views and attitudes towards issues facing our industry,” said Bocar BA, Chief Executive Officer, SAMENA Council. “The SAMENA region represents one of the world’s fastest growing economic regions and a greater decision-making role for SAMENA on the global telecommunications stage will allow us to more effectively pursue strategic goals and market opportunities, especially at a time when governments across the region are accelerating their digitization efforts.”

“We extend our congratulations to all SAMENA countries elected to the ITU Council and we look forward to working closely with them to achieve our common goals.

We also would like to congratulate Mr. Nasser Bin Hammad for being officially elected to the prestigious ITU Radio Regulations Board,” he added.

The Plenipotentiary Conference is the top policy-making body of the ITU. Held every four years, the Conference sets the Union’s general policies; adopts four-year strategic and financial plans; and elects the senior management team of the organization, the members of Council, and the members of the Radio Regulations Board.

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Gold’s Gym UAE kicks off community fitness drive with the 2014 Gold’s Gym Challenge, ‘Fat to Fit in 60 Days’

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Gold’s Gym UAE kicks off community fitness drive with the 2014 Gold’s Gym Challenge, ‘Fat to Fit in 60 Days’

4151Gold’s Gym, the largest international gym chain in the world and a member of Al Ahli Holding Group in the UAE, has sounded the fitness klaxons by inviting people to join its 2014 Gold’s Gym Challenge, ‘Fat-to-Fit in 60 Days’. The annual tradition this year sees non-members joining members to participate in the fitness challenge, with the aim of producing a personal fat loss and fitness success story.

The event, sponsored by Futurelife, combines personal training exercise, a nutrition program and incentives for all participants in an integrated routine. The greatest honours will be for those who achieve the highest fat loss, muscle gain and can demonstrate the highest levels of fitness across a circuit challenge.

Never have the rewards for getting fit been greater. Four winners across male and female categories will share in AED 120,000 worth of cash prizes. The winning male and female Gold’s Gym member will take home an incredible cash prize of AED 50,000 each. The top non-member fitness gainers and weight losers will be rewarded with AED 10,000 cash each.

Register online for The Gold’s Gym Challenge now at www.goldsgym.ae, where you will find all the details of the event. Registration closes on September 25 and the event kicks off on September 28.

The final measurements and weigh-in is on November 27 and the Finale Fitness Circuit Challenge event, incorporating a Family Fun Day, will be on December 6, 2014.

“The Gold’s Gym Challenge this year is expected to attract a lot of participants who will be visiting our clubs regularly and experiencing the amazing facilities and equipment we have to offer, along with the support of our highly motivated and skilled staff to help them through the Challenge. The goal is to excite people about fitness and instil a sense of belief and camaraderie,” says Gold’s Gym UAE’s Chief of Operations, Nitesh Seebran.

“Gold’s Gym is well known for its passion for fitness, and finding your true strength. With the 2014 Gold’s Gym Challenge, we invite our community of members, along with the non-members who are up for the challenge, to revolutionise their lives by shedding those extra kilos and improving fitness. The idea is to inspire a wide spectrum, from enthusiasts to families, to become healthier and live better lives,” Seebran says.

Al Ahli Holding Group’s Head of Ventures Division, Ali Al Samahi, believes that Gold’s Gym’s ability to make a positive difference goes deeper than temporary weight loss. “Gold’s Gym is proud to offer a superior experience in terms of passion, facilities and tradition, and make that accessible to fitness buffs and families alike. But more than that, Gold’s Gym wants to make a credible difference in addressing the threats of obesity, disease and unhealthy lifestyles that are prevalent in our society. With initiatives like the Gold’s Gym Challenge, we want to kick start our community into making a sustainable and positive difference to their lives,” he says.

Call 800-GOLDS (46537) for more information or go to www.goldsgym.ae.

Join the Gold’s Gym UAE social community - like us on facebook.com/GoldsGymUAE, follow us on

twitter/goldsgym_uae and on instagram.com/uaegoldsgym.

For more information kindly contact PAZ Marketing

Neeru Kundvani

T +971 4 2980808

E neeru@pazmarketing.com

Janat Motiani

T +971 4 2980808

E janat@pazmarketing.com

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University of Dubai hosts 20 business delegates from Singapore to highlight opportunities in UAE

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University of Dubai hosts 20 business delegates from Singapore to highlight opportunities in UAE

468The Center for Executive Development at University of Dubai (UD) hosted the 11th Annual International Business Fellowship (iBF) on the Middle East for 20 delegates from Singapore. During the iBF program, organized from August 31 to September 4, 2014, the delegates explored the opportunities offered by the UAE to set up businesses in the region.

Over the last few years, the UAE, particularly Dubai, has been attracting people from companies in Singapore and other far Eastern states, who see the country as a stable location to set up their business.

Speaking on the occasion, Dr. Issa Bastaki, President of University of Dubai, stated that the university and its Center for Executive Development (CED) are keen to foster and support international programs such as the iBF. He added that the iBF covered several aspects related to business issues like understanding business culture and communication, setting up joint ventures, UAE labour laws and people management issues.

Dr. Bastaki stated that in addition to CED and its supportive role in hosting the Singapore delegation, UD’s internationally accredited College of Business Administration has also participated in this business event. He added that UD’s educational mission supports such seminars and workshops to widen business aspects and facilitate international trade and commerce.

During the event, the Singapore delegation – consisting of CEOs, presidents and general managers of several companies working in education,  fashion, law, energy and other industries – visited local and governmental entities, including the Department of Economic Development in Dubai. Several experts from prominent organizations in the UAE addressed the delegates during the visit. A networking session was also organized for the delegates by UD to facilitate dialogues between the delegates and prominent business houses in the UAE.

The delegation’s visit concluded with an awards ceremony at Al Ghurair Rayhaan hotel in Dubai, during which Dr. Bastaki distributed the awards to the 20 delegates and thanked them for their visit to the UAE. The visit was co-sponsored by IE Singapore.

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Turkish Airlines launches attractive fares to USA and Canada from UAE

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Turkish Airlines launches attractive fares to USA and Canada from UAE

448Turkish Airlines, Europe’s Best Airline*, has announced incredible round trip airfares to eight cities in North America as part of new campaign to promote the global carrier’s connections from Dubai, Abu Dhabi and the wider Gulf.

Building on the continued passenger growth achieved by Turkish Airlines from UAE the promotional fares have been launched for advance bookings to North America over the winter months to Chicago, Houston, Los Angeles, New York City, Washington, Boston, Toronto and Montreal.

Mr Adem Ceylan, Vice President Marketing & Sales for Turkish Airlines in Middle East & Cyprus, said: “Our ‘Widen your world’ motto invites passengers to explore new horizons by taking advantage of our connections to more countries than any other airline. Istanbul has fast become a major hub stop over for international flights, connecting the entire world, as well as Europe to Asia, with our hub providing convenient and competitively priced connections to the Americas.”

Return flights start from as low as 3,684 AED, inclusive of all taxes, from Dubai and Abu Dhabi to Montreal, via Istanbul. The promotional return airfares can be booked from now until 30 September 2014, for travel to and from the eight cities between 1 November 2014 and 31 March 2015.

Travellers with stop overs of more than six hours in Istanbul can enjoy the free ‘Touristanbul’ service to discover the incredible city. Business class passengers can experience the state-of-the art ‘Lounge Istanbul’ at Ataturk International Airport featuring award winning cuisine, a cinema, children’s playground, library, billiards area, prayer room, teleconference section and relaxation facilities.

Turkish Airlines connects travellers to 260 destinations across 108 countries. To take advantage of the limited offers travellers can book and view flight schedules through the website www.turkishairlines.com or visit any Turkish Airlines sales office.

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It’s a good time to be job hunting in the UAE

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It’s a good time to be job hunting in the UAE

49With the UAE being more attractive as a job market than any other country in the region, more than 60 percent of UAE employers are definitely hiring employees in the next three months, a representative of a leading recruitment portal told Gulf News in the capital on Thursday.

“UAE hosts a mix of expatriate and local talents. Due to this, it becomes important to know which relevant skills, experience and qualification employers are specifically looking for,” Suhail Masri, vice-president of sales at Bayt.com, said.

Several fields of employment are rising now in Dubai.

“Nearly 66 percent of UAE companies have hired new employees in the last six months, compared to 63 percent around the Middle East and North Africa (Mena) region who have done so,” he added.

What do UAE employers look for in new hires?

“Our latest research, the Bayt.com Mena Job Index Survey, which was conducted in July 2014, reveals the skills sought after by employers in potential new hires,” he said

According to the survey, employers in the UAE are looking for candidates who have good communication skills in Arabic and English (60 per cent), who are team players (50 percent), have good leadership skills (45 percent), and good negotiation skills (45 percent).

“In terms of experience, employers in the UAE mostly look out for candidates who have the ability to manage a team, who have worked in sales and marketing or in administration. Keeping this in mind, jobseekers mush work on the relevant skills and experience,” he added.

“In fact 67 percent of companies are definitely hiring in the next three months. Nearly 74 percent claim they will either ‘definitely’ or ‘probably’ be hiring, in a year’s time. Interestingly, 21 per cent of companies will look to fill up to between six to ten positions, most of which, 36 percent, will be for junior executive roles.

According to the Bayt.com Modern Job Research in the Mena poll, which was conducted in November 2013, around 41 per cent of employers always research candidates online at first.

“It is a perfect time for jobseekers to get online and get noticed by employers,” Masri said,

Desirable qualifications

Construction, banking and finance, oil, gas and petrochemicals are the fields that require employees currently.

“When it comes to fields that require employees currently, UAE respondents believe that industries which are most attractive as well as retain the top talent are construction (39 percent) and banking and finance (39 percent), followed by oil, gas, and petrochemicals (35 percent),” he said.

“However, in the next three months, UAE companies will seek sales managers (19 percent), customer service representatives (15 percent), human resources professionals (14 percent), project managers (14 percent), and executive assistants (14 percent),” he added.

Business management and engineering are the top list qualification of candidates.

“The most sought after qualification among candidates in the Mena region is business management at graduate or postgraduate level. In the UAE, the most desirable qualification is one in engineering, followed by business management and commerce. As the UAE has developed a gamut of higher education institutions, jobseekers can easily choose to pursue these qualifications,” Masri said.

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Adnoc Distribution buys 34 service stations in the UAE

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Adnoc Distribution buys 34 service stations in the UAE

4Adnoc Distribution, a unit of Abu Dhabi National Oil Company, has announced the successful acquisition of 34 Emarat service stations and a fuel depot at Port Khaled in Sharjah.

As per the agreement signed with Emirates General Petroleum Corporation (Emarat), Adnoc Distribution will be taking over 75 service stations in the emirates. Of these 31 are in Sharjah, 16 in Ras Al Khaimah, 12 in Fujairah,10 in Ajman, and six stations in Umm Al Quwain.

Till date, the Abu Dhabi group has acquired more than six Emarat service stations, while work on one remaining service station is due for completion next week.

These acquisitions are in line with an agreement signed with Emarat last September which allows Adnoc to complete the acquisition of all 75 service stations within two years from signing the deal.

Khalid Hadi, the VP of Marketing and Corporate Communications Division at Adnoc Distribution, said: “This month alone, we have completed the acquisition of Jameat, Burhan and Al Sharjah service stations in Sharjah, Dhait and Adhen in Ras Al Khaimah, and Al Fahad in Ajman.”

“The take-over of Al Aabar service station is planned for August 28. We have already completed rebranding works at the Al Madar, Al Madina and Al Dorra service stations. Work is also progressing in the Al Khalidia, Al Yarmouk, Al Kharran, Al Abraq, Essa, Majid, Maisaloon, Musalla and Al Maha service stations,” noted Hadi.

“This will be followed by the commencement of refurbishment work at the remaining stations under the acquisition agreement,” he added.

As per the deal with Emarat, Adnoc Distribution will complete the acquisition of 10 additional service stations in September. These include Anwar in Sharjah, Huwailat, Shaam, Shamil RAK and Gasoil in Ras Al Khaimah, as well as Manama and Shamil Ajman in Ajman, and Akamiya Tawiyan and Khabbah in Fujairah.

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