Abu Dhabi Islamic Bank posts 5% net profit increase to AED 316.6 million for the second quarter of 2011

Group Financial highlights – Second quarter 2011

Group net revenue for Q2 2011 was AED 909.6 million vs. AED 744.2 million for Q2 2010, an increase of
22.2%.
Group operating profit (“margin”) for Q2 2011 was AED 552.4 million vs. AED 436.2 million for Q2
2010, an increase of 26.6%.
Total credit provisions and impairments for Q2 2011 were AED 235.8 million vs. AED 134.6 million in
Q2 2010, an increase of 75.2%.
Group net profit for Q2 2011 was AED 316.6 million vs. AED 301.6 million in Q2 2010, an increase of
5.0% despite increasing credit provisions and impairments by 75.2%.
ADIB remains one of the most liquid banks in the UAE, with a customer financing to deposits ratio of
90.5% and net due from banks of AED 9.0 billion.
Capital adequacy position under Basel II remains strong at 16.1% (16.0% at the end of 2010).

Bank Financial highlights – Second quarter 2011

Bank net revenue for Q2 2011 was AED 875.6 million vs. AED 747.8 million for Q2 2010, an increase of
17.1%.
Bank operating profit (“margin”) for Q2 2011 was AED 541.5 million vs. AED 466.2 million for Q2 2010,
an increase of 16.2%.
Total credit provisions and impairments for Q2 2011 were AED 148.9 million vs. AED 134.6 million in
Q2 2010, an increase of 10.6%.
Bank net profit for Q2 2011 was AED 392.6 million vs. AED 331.6 million in Q2 2010, an increase of
18.4%.
Total number of customers increased by 52,717 since Q2 2010 to reach 439,734.
Total number of branches stands at 66 vs. 57 in Q2 2010.

Financial highlights – First half 2011

Group net revenue for H1 2011 was AED 1,717.1 million vs. AED 1,424.8 million for H1 2010, an
increase of 20.5%.
• Group operating profit (“margin”) for H1 2011 was AED 1,015.1 million vs. AED 834.7 million for H1
2010, an increase of 21.6%.
Group net profit for H1 2011 was AED 619.8 million vs. AED 594.9 million in H1 2010, an increase of 4.2%
despite an increase in credit provisions and impairments of 64.9%.

Emirates Fleet 26% More Efficient than IATA Industry Average

The Emirates Group Releases Report Studying Environmental Impact and Performance

DUBAI – 08 August 2011 – The Emirates Group today announced the release of its first comprehensive environmental report, a study that revealed the airline’s carbon dioxide emissions efficiency was 26% better than the global airline average.

Covering the 2010-2011 fiscal year, the audited report analysed environmental performance data from a range of Group activities, including airline operations, dnata’s cargo and ground handling businesses and a wide range of commercial activities on the ground – from engineering to catering.

The report’s aim is to understand the Group’s environmental impact, as well as identifying opportunities to improve and capture best practice across our 60,000 strong workforce.

In addition to the carbon dioxide emissions efficiency figure of 0.75kg per tonne-kilometre (TK) that was 26% better than IATA’s fleet average, other significant highlights in the report include:
 
• An airline fuel efficiency figure of 4.12 litres per 100 passenger-kilometres (PK).
• 3.3 million kilograms of on-board waste recycled by dnata and Emirates Flight Catering.
• dnata Freight Gate 5 opened as the first carbon neutral warehouse in the Middle East.
• 175,000 trees planted at the carbon neutral-certified Wolgan Valley Resort and Spa.
• Fauna and flora improvements via the sponsorship of the Dubai Desert Conservation Reserve, which represents over 5% of Dubai’s land area.
• Benefits from the opening of the Dubai Metro station at Emirates Group Headquarters.
• Winner of the 2010 Middle East’s Responsible Tourism Award at the World Travel Awards.

“Emirates takes its commitment to the environment very seriously and strives to be an industry innovator and leader. The report is more than a snap-snot of the performance of the Group, it will act as a future measure of success in all we do,” said Andrew Parker, Senior Vice-President, Public, Industry, International and Environmental Affairs. “Be it the airline, dnata’s passenger handling, or at any of our facilities, Emirates is focused on maximising eco-efficiency to minimise our environmental footprint.”

One example of The Emirates Group’s commitment to fuel efficiency is the recent participation of Emirates Airline in the INSPIRE (Indian Ocean Strategic Partnership to Reduce Emissions) programme, with two test flights (one from Dubai to Brisbane, the second from Perth to Dubai). The aim of the INSPIRE initiative is to gauge the improved environmental impact of a ‘perfect flight’ - minimising on-ground delays, using expedient taxi- and runways, conducting gradual climb and descent paths – while flying direct optimum routes based on existing meteorological and airspace conditions.

The results from these two flights alone resulted in a combined total saving of over 6,250 litres of fuel and more than 16,000 kilograms of carbon dioxide emissions. Since 2003 Emirates has worked with the Air Traffic Service providers for flights to Australia and the emission savings of such operations over a five year period equate to potential savings of 9.6 million litres of fuel and 24,268 tonnes of carbon dioxide emissions. In 2011, based on an estimated 63 flights per week, approximate savings for the year would be in the order of 2.47 million litres of fuel and 6,850 tonnes of carbon dioxide.

“The INSPIRE flights are only one example of our continuous efforts to reduce our environmental impact and our commitment to a greener future,” explained Captain Alan Stealey, Divisional Senior Vice President Flight Operations. “These flights illustrate that Emirates’ long-term strategy to address the environmental concerns of our customers, our partners and our industry has become a part of the everyday operating fabric of our organisation, not just something we recognise once a year.”

The two INSPIRE flights are only the latest example of Emirates’ participation in such initiatives.  Emirates conducted its first reduced-emissions test flights back in 2003, and has worked with other industry stakeholders to establish the ‘flexible tracks’ initiative over the airspace of Africa, Asia and Australia.

Emirates acknowledges that the implementation of endeavours such as INSPIRE would not be possible without the support of all the parties involved, including air traffic management organisations in Australia, India, the Maldives, Oman, Sri Lanka and especially in the UAE.  The programme involves close cooperation between a range of stakeholders, including the Dubai Airports Company, Dubai Air Navigation Services, the UAE General Civil Aviation Authority and the Sheikh Zayed Air Navigation Centre, DGMAN Oman, the Airports Authority of India, the Maldives Airport Company, Sri Lanka Airport and Aviation Services, Airservices Australia (enroute, and in particular Brisbane and Perth air traffic control), ATNS South Africa, Brisbane  Airport, Perth Airport, and the Abu Dhabi Department of Transport - as well as countless other staff and agencies.

A large part of Emirates’ environmental achievements can be attributed to its young and eco-efficient fleet and enhanced operational procedures in the air. However, the Group recognises that the environmental performance of ground operations is also critical.  Activities such as dnata ground handling, cargo, engineering, catering and staff accommodation, have all been taken into account in this first reporting period.

With over 60,000 staff worldwide, and operations in six continents, the prospective scope of the report was enormous. As such, the focus of this first report was placed on The Emirates Group activities in Dubai, which encompass the majority of the operations – in terms of contribution to the company’s overall carbon footprint. The Group intends to broaden the scope of the report in subsequent reporting periods to include as many of its overseas operations.  There are still many challenges ahead, but we are confident that the Group’s environmental performance will continue to improve, and will demonstrate that the Emirates Group is an industry leader in more ways than one.

More about Emirates’ environmental activities and a full copy of the report are available at: http://www.emirates.com/english/environment/reports/reports.aspx

Dusit Thani Dubai introduces new benefits to Dusit Gold loyalty card members

Dubai: August 2011 - Dusit Thani Dubai has upgraded its Dusit Gold loyalty programme for a short

period until the end of December 2011 to create awareness of the programme, attract new members,

and encourage existing members to partake of its services more frequently.

In addition to a daily buffet breakfast, internet access, priority room reservations and VIP recognition,

which are the standard benefits for the Dusit Gold, Dusit Thani Dubai is now offering 20% savings at

participating restaurants for regular members and 25% savings at participating restaurants for VIP

members.

Gold card members can also enjoy 15% savings on Dusit Best Rates through www.dusit.com for rooms

as well as a late check out until 4 pm and 20% off laundry services.

“With a Dusit Gold Card, guests are immediately recognised as a valued guest, entitled to the Golden

Privileges and Benefits the card brings” said Leon Salinel, director of sales and marketing at the Dusit

Thani Dubai “We believe that the new benefits will not only appeal to existing members but will also

attract new members”

The Dusit Gold is a recognition programme designed to provide special discounts and privileges to

members and is made available to Dusit International guests by invitation, at no charge. It is valid at

more than 21 hotels and resorts in Thailand and the Middle East.

“Gold card members currently account for almost 10% of our occupancy and so are an important

revenue stream for us” said Salinel. “The increase in benefits will help us reward loyal customers and

improve the guest experience”

Thai hotel Dusit Thani Dubai invests in people.

Dusit Thani Dubai the first hotel in the ME to achieve recognition by Investors in People

Dubai: August 2011 - In a bid to further position the hotel as a preferred employer, Dusit Thani Dubai

has aligned with Investors in People (IIP), a global framework for improving business productivity,

performance and competitiveness in organisations through good practice in people management.

The Dusit Thani Dubai is the first hotel in the Dusit International group and in the region to gain

recognition by IIP gaining The Standard certificate. This was achieved by working towards a number of

standards set down by IIP to ensure that all people management and development activities in the hotel

were aligned with business goals and targets.

The hotel is following the Dusit International corporate HR objectives to be an employer of choice

attracting and retaining talent through the four guiding principles: happiness, identity, engagement and

development.

“Investors in People has provided a necessary framework to address structured change within our HR

department and also the hotel as a whole.” said James Wilson, general manager, Dusit Thani Hotel,

Dubai. “We have a much more vibrant team, empowered and willing to engage. We can already see

improvements in both staff retention and the profitability of the hotel”

An early assessment was carried out by IIP in 2010. During the following year, the senior team at

the Dusit Thani Dubai worked to address the gaps identified at that time. These included a need to

strengthen the connections between business planning and the planning of learning and development

Dusit Thani Dubai, 133 Sheikh Zayed Road, P.O. Box 23335, Dubai United Arab Emirates
Tel: +971 (4) 343 3333, Fax: +971 (4) 343 4222 E-mail: info@dtdu.dusit.com

and the measurement of outcomes of this investment in terms of how it supported the business.

On their return visit a year later, the IIP assessor was impressed by the level of commitment shown by

the senior team. The business planning process had been strengthened and a strengthened management

competency framework was introduced to improve managerial capability and assist with succession

planning

The Dusit Thani Dubai is now working towards the highest level of the programme, the gold level. This

requires a further 126 evidence requirements, or business issues, in addition to The Standard already

achieved.

World Refining Association to Host 2011 Middle East Chemical Week Awards

Event to Reward the Standards of Excellence Set By
Companies in the Petrochemical and Fertilizer Industries

Abu Dhabi-UAE: 08 August, 2011 – Clarion Events Middle East FZ LLC (The

World Refining Association) is proud to announce the Middle East Chemical Week

(MECW) Awards 2011, which will recognise and reward organisations setting

standards of excellence in the Petrochemical and Fertilizer industries across the

Middle East region. The categories include Plant of the Year, Project of the Year and

Technology of the Year.

Held at the U.A.E’s Abu Dhabi National Exhibition Centre (ADNEC) the 2011 MECW

Awards will take place on 17 October 2011. Participants from both conferences

will convene to celebrate the remarkable accomplishments of companies that are

paving the future for these two lucrative industries.

Three prestigious awards will be handed out at MECW 2011 to both petrochemical

and fertilizer organisations. The first award is for Plant of the Year, which will

recognise a plant that has displayed operational excellence or made significant

contributions to the environment. Project of the Year will be the second award for a

producer or Engineering, Procurement and Construction (EPC) contractor who has

implemented a new build, revamp or capacity expansion project on time and within

budget with a strong safety record. Lastly, the Technology of the Year award will be

presented to a company for developing or improving upon an existing technology,

which propels the industry forward.

Dominica Andrews, Project Director, The World Refining Association, said: “We

appreciate

petrochemical and fertilizer industries. The awards are symbols of excellence

presented to companies that strive to be the best in these productive industries.

They reinforce the notion that companies in the two industries are highly

competitive, making the GCC region a key arena for the production of anything

related to petrochemicals and fertilizers.”

all

the

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taken

by

companies

to

further

progress

Companies that wish to compete for these awards can visit the MECW 2011 website

at www.wra-mecw.com and download a registration form. All entries must be

submitted by August 31 2011 in order to be eligible to compete.

MECW 2011 is an event that has been developed to provide a unique networking

platform for leading professionals in the petrochemical and fertilizer industries. Key

speakers will express their views on each of their respective industries, providing a

comprehensive analysis on the current situation and future opportunities.

Mushrif Park honours kids

Public Parks and Horticulture Department has recently honoured the participants in swimming
learning courses conducted in the pools of Mushrif Park. The honouring ceremony came as part
of Dubai Municipality’s keenness to encourage kids to participate in sports activities organized by
Dubai parks.

A number of officials of Public Parks and Horticulture Department, participants and their parents
were present on the occasion. The swimming courses in Mushrif park pools started since 1980 and
lot of people have benefited from it. Courses are available for gents, women and kids from 6 years
onwards. There are separate courses for women and gents under the supervision of specialized
coaches in swimming and rescue. All pools have advanced facilities such as dress changing area,
toilets, bathrooms and kids bath where currently 354 members are practicing the swimming.

The municipality has big role in the establishment and development of infrastructure for sports
services. Its facilities are distributed between large parks and residential area parks, which include
sports grounds, walking tracks, bike tracks, swimming pools and fitness equipments. The provision
of these services aims to achieve the best services and high degree of comfort to the residents of
the emirate, promoting healthy life style in order to create a healthy and ideal society.

Mushrif Park is considered as the oldest parks of Dubai, established in 1974, which has been
currently facilitated with a number of services including separate pools for women, gents and kids.
Swimming pool members do not require separate membership or fee for park entry. Moreover,
a sports area is allocated for different types of sports items such as basketball, volleyball and
handball.

As part of the strategic goals of the Municipality to spread the green areas across the emirate,
Public Parks and Horticulture Department has so far established seven large parks and 76
residential parks in different parts of the emirate. All parks have furnished with modern facilities for
family entertainment and amusement of kids.

IBA Host Committee provides 50 Arab Law Scholarships to the Middle East

The International Bar Association (IBA) host committee is offering scholarships to cover travel,
accommodation and registration costs for 50 Young Arab lawyers to attend its global annual
conference which will take place from 30 October to 4th November in Dubai. This is the first
time the prestigious event will be held in the Middle East and the first time such a scholarship
program is being offered.

The International Bar Association (IBA) is the world’s largest international organisation of law
societies, bar associations and individual lawyers.

Essam Al Tamimi, Chairman of the IBA Conference Host Committee, said: “The IBA Host
Committee, made up of 15 firms, has been very generous offering this number of scholarships.
Given this is the first time the IBA Conference is being held in the Middle East, we are hoping
that this encourages legal practitioners from across the region to participate in the conference.”

Freshfields, which has MENA offices in Bahrain, Saudi Arabia and the UAE (Abu Dhabi and
Dubai), is one of the members of the IBA conference host committee and the head of their
arbitration practice, Reza Mohtashami, commented: “The IBA’s Annual Conference is by far the
most significant international gathering in the legal world. This year we are expecting over 4000
of the world’s most influential lawyers and legal professionals.”

“It is a fitting tribute to the Middle East and the IBA host committee that they are providing
such a large number of generous scholarships for young Arab lawyers to attend its first Annual
Conference in the Middle East. Knowledge transfer and investment in education remain
key pillars of the growth plans for the Middle Eastern countries and this will go some way to
achieving these objectives.”

Further details on the IBA scholarships together with application forms can be obtained from the
IBA office in Dubai: IBA.MiddleEast@int-bar.org