Asia and Pacific countries took lion’s share of OPEC crude exports in 2011

Vienna: The bulk of the crude oil exported by OPEC Member Countries during 2011 went to Asian and Pacific countries, with 12.5 mb/d or 54.0% of the total. North America and Europe followed, importing 4.9 mb/d or 21.1%, and 3.7 mb/d or 16.0%, respectively, according to OPEC’s Annual Statistical Bulletin (ASB).

”OPEC Member Countries also exported 4.5 mb/d of petroleum product exports in 2011. The bulk of this went to Asian and Pacific countries with 2.1 mb/d or 49.8% of the total. North American and Latin American countries followed, with 0.6 mb/d or 13.6%, and 0.5 mb/d or 11.8%, respectively,” the OPEC’s Secretariat said while releasing the online ASB today.

Now in its 47th year, the ASB is a compilation of statistical data about oil and natural gas activities in OPEC’s 12 Member Countries (Algeria, Angola, Ecuador, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela) as well as in non-OPEC oil producing countries around the world. It provides detailed time-series data on different aspects of the global petroleum industry, including imports and exports, upstream and downstream projects, and exploration and production activities.

Some highlights from this year’s ASB are as follows: World crude oil production increased in 2011 by 0.9%, with different regions showing heterogeneous results. While Canadian, US and Middle East crude production increased, Western European and African production showed declines. In OPEC Member Countries, crude oil production was up 3% in 2011 year-on-year.

World oil consumption last year also increased by 0.9%, but this growth was seen solely in emerging economies, primarily in Asia – and in particular, China – but also in Latin America and the Middle East. In OPEC Member Countries, oil consumption increased by 0.2 mb/d or 2% year-on-year.

Proven crude oil reserves in OPEC Member Countries increased slightly in 2011, almost reaching 1.2 billion barrels. OPEC’s percentage share of reserves stood at 81% at year-end, largely unchanged from 2010.

OPEC Member Countries continued to play an important role in the natural gas market last year, with proven natural gas reserves of 95,020 billion standard cubic metres, an increase of 0.8% over 2010, making a total world share of 48.4%.

Refinery capacity in OPEC Member Countries rose by 0.7% during 2011, indicating that they held 10.1% of total world refinery capacity, compared to 9.9% in 2010.

DPG launches ‘Corporate Academy’

Dubai: Dubai Properties Group, a member of Dubai Holding, recently launched its Corporate Academy programme to promote a culture of learning and continuous development among DPG employees.

The Academy is designed to promote best practice structured training programmes via a series of business and academic qualified trainings. The programme which is accredited by recognised industry and academic institutions was strategically launched under the direction of Group CEO, Khalid Al Malik.

The announcement comes after considerable research was conducted into the training and development needs of its people, and reflects DPG’s dedication to the career progression of employees. The programme aims to harness employees’ potential by promoting individual development through specialised skill-based learning that is aligned with company-wide strategic business goals. The initiative presents an opportunity for employees to excel in their respective fields, while contributing to the overall success of the group.

DPG’s Corporate Academy is approved and endorsed by the prestigious Institute of Leadership and Management (ILM) for providing accredited, specialised skill-based learning adapted for each respective grade to map an individual’s career path from the time they join the company until they obtain their academic certification (Diploma and MBA). Training is provided through workshops, courses and academic modules conducted and certified by reputed educational institutions such as Insead University.

Commenting on the launch of the Corporate Academy, Arif Mubarak, Group Chief Operating Officer at DPG said, “Through this initiative, our aim is to provide employees with the necessary tools and competencies to move forward in their career. We plan to further enhance and develop such employee initiatives in the coming years by introducing and encouraging a culture of progression and career development at all levels.” As part of the programme, a development plan has been created for each position in the company to tailor a dedicated training programme and management training priorities in line with company’s core corporate policies and procedures. This plan allows each employee to acquire the necessary skills for their current and future roles at DPG.

In addition to general skills and tailored training courses, Corporate Academy provides training to its supervisory and middle management in line with DPG’s core business strategies. The leadership programme includes forums and workshops with leading industry experts.

Dubai Trade collects AED 1 billion via Rosoom electronic payment gateway

Dubai: A total of one billion dirhams have been collected and more than one million transactions from the trading community have been conducted via Rosoom, the electronic payment gateway of Dubai Trade, the leading cross-border trade facilitator under Dubai World.

The milestone, which was reached recently following nearly four years since the gateway was launched, underpins the big success Rosoom enjoys with the trading community.

The highly secure, flexible and innovative payment gateway complements Dubai Trade’s eServices platform, which allow importers and exporters, shipping agents, freight forwarders, customs brokers and transport companies to initiate and complete online all the procedures and processes, including payment, for the various services and facilities offered by DP World, Jafza and DMCC. This is done via a single window which is shared between users and all concerned authorities, allowing for swift, trouble-free and cost effective operations for both clients and authorities.

Rosoom offers users multiple online payment options, covering credit, debit and prepaid cards such as eDirham, to facilitate payments in a safe and secure environment. Dubai Trade has also integrated Rosoom with the online payment systems of several key banks internationally and locally, making it easier and more secure for trading clients of these banks to use Rosoom. These include Mashreq Bank, Emirates NBD, Commercial Bank of Dubai, Dubai Islamic Bank, Emirates Islamic Bank, HSBC, Habib Bank and Standard Chartered.

Additionally, Dubai Trade has recently developed a highly innovative online payment solution that combines the convenience and ease of use of payment cards with higher security and real-time management of payments. The new, customisable Rosoom Wallet, which will be launched soon, will offer managers a high degree of flexibility and security in the management and control of payments.

Jamal Majid Bin Thaniah, Chairman, Dubai Trade, said: “This is yet another milestone for both Dubai Trade and the trading community. We look forward to see the rest of the 70,000 companies involved in cross-border trading in the UAE that have not yet adopted Dubai Trade eServices to join in and reap the benefits of using Rosoom facilities. We are heading steadfast towards more milestones in future in facilitating trade and supporting UAE’s economy and international status.”

Eng. Mahmood Al Bastaki, CEO, Dubai Trade, said: “This is a great show of confidence in Dubai Trade’s e-solutions by the trading community, considering that we launched Rosoom only about four years ago. The number of companies adopting Dubai Trade eServices platform has been growing steadily and the number of transactions has been almost doubling every year.”

He added: “What is remarkable about Rosoom’s performance is that while digital payment systems tend to encounter occasional hitches that may delay or disrupt processes or display security gaps, the one billion dirham which involved more than one million transactions have all been successfully completed with no major complaints from users, no downtime instances and no fraud cases. Millions of dirhams pass every week through Rosoom in complete safety and security.”

To ensure timely and trouble-free processing of end-to-end supply chain transactions, Dubai Trade has built a robust, state-of-the-art system based on the most advanced industry-standard technologies which offer client the highest level of security, round-the-clock availability and uninterrupted service. Rosoom payment gateway architecture uses advanced application programming interface (API) to ensure smooth integration with all banking and clients’ systems.

SMD participates in Seminar for Arabian Studies

Sharjah: The Sharjah Museums Department (SMD) participated in the Seminar for Arabian Studies, which was organized to increase awareness of the museums sector in the GCC region. SMD’s participation formed part of the Department’s commitment to increase the exposure of its various museums and achievements in the area of museum education on regional and international levels and to play an active role in raising awareness about preserving the region’s rich heritage.

The delegation from SMD included Manal Ataya, Director General of SMD, as well as Fatima Musharbak Head of Community and Accessibility Programmes and Services at the Department of Interpretation and Education, and Mona bin Hussain Head of Academic and Adult Programmes at the Department of Interpretation and Education, who each presented a paper at the seminar.

Co-organized by Dr Mark Beech of Historic Environment Department and Dr Celine Hullo-Pouyat of the Cultural Department, Abu Dhabi Tourism and Cultural Authority, the seminar was held between July 13 and 15 at the British Museum’s Clore Centre.

Scholars from all over the world presented their studies in the three-day seminar on topics ranging from history of the human race, archaeology in the Arabian peninsula, the development of modern communities, and on how to intensify policy-making efforts for understanding the cultural heritage of the UAE.

SMD has been striving to improve understanding for Sharjah�s rich cultural identity, both locally and internationally. With its vision to provide the highest standards of museum services and implement best practice through its exhibitions, research and educational programmes.

Speaking on the occasion, Ataya, SMD’s director general who chaired the session and led the discussion on issues related to museums in the GCC region, said, “Museums in Sharjah play a vital role in enhancing the understanding of Sharjah�s history and its connection to numerous cultures, promoting artistic expression and providing a unique learning environment that fosters creativity, critical thinking, conversation and enjoyment.” The seminar was attended by anthropologists, archeologists, cultural heritage managers, historians, sociologists as well as people with a general appreciation for the presentation and development of cultural facilities in the region.

First Fujairah NASA intern returns from 4 month mission work in Silicon Valley

Dubai: The historic Emirati NASA interns have again made history -this time with the completion of work by its newest research fellow -a female UAE University chemical engineering student who hails from a small traditional village of Thoban in Fujairah.

While Maryam’s work at NASA focused on solid waste processing, other mission work undertaken by the UAE NASA research fellows have focused on phone sats (satellites), gray water recycling, remote sensing, avionics, platinum Leed green building automation, mars rovers, and more. The innovative work has taken place at NASA Ames Research Center in Silicon Valley, California under official Agreement between the UAE’s Arab Youth Venture Foundation and NASA, the USA’s National Aeronautics and Space Administration.

The NASA UAE innovative partnership program has now seem 16 UAE nationals work inside the restricted areas of NASA for up to four months on mission work that has provided immersive practical and team work experiences and is aimed at empowering the next generation of Emiratis toward success in their dynamic careers in burgeoning strategic business sectors in the UAE.

According to Fujairah’s Maryam Yammahi, “This was a great opportunity for me to join one of the most magnificent scientific organizations of the world (NASA). Being a part of this program was a dream and as a chemical engineering university student, I am very proud to have worked with excellent researchers in the area of .solid waste processing and how water absorption affects different materials – particularly spacesuits. Living in the US also had a good affect on my personality -I became a more responsible, communicative and patient team member and living in the US also taught me to respect the rules and be more active. Now that I’m home I will certainly use what I learnt at NASA in my coming years to be a good engineer for the UAE”.

Lisa LaBonte, CEO of AYVF commented, “Adding our first Fujeirah intern to the UAE NASA alumni base is highly valuable in many respects, particiularly in terms of education and outreach to impact younger students. Maryam will have the ability to make a positive impact as to the merits of studying math and science through her local schools visits and related events.

Lubna Al Qasimi discusses economic cooperation with Peruvian minister

Abu Dhabi: Minister of Foreign Trade Sheikha Lubna Bint Khalid Al Qasimi met Monday with Deputy Foreign Minister of Peru Jose Beraun in Abu Dhabi and discussed with him the ways for activating trade and investment cooperation between UAE and Peru.

At the meeting held at the MOFT headquarters, they hailed the continuous development of bilateral relations and cooperation between the two countries.

Sheikha Lubna stressed UAE’s keenness to bolster ties with Peru in various areas, especially in the avenues of trade, investment and economy.

Baraun spelt out the diligence of Peru on enhancing relations with UAE as well as other Arab countries.

He also stressed the importance of the forthcoming Third Summit of South American and Arab Countries (ASPA) to be held in Lima in October this year.

Baraun is on a tour of the Arab countries ahead of the economic-political summit, which will group 36 Arab and Latin American countries.

The volume of bilateral trade between UAE and Peru stood at USD 22 million during last year, recording a 18 percent increase compared to the preceding year.