Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Lucky winner at DSF shows a heart of gold  Join our daily free Newsletter

MENAFN - Khaleej Times - 05/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) With his wedding scheduled to take place next month, 30-year-old Indian air-conditioning technician Jayaprakash Balureddy chose the first day of the Dubai Shopping Festival (DSF) to buy a gold chain and diamond ring for his bride-to-be Loga Ambica.

Like several blue-collar workers in Dubai, who struggle to support their families back home, Balureddy is no exception.

A native of a small farming village, Tiruvannamalai in Tamil Nadu, south India, Balureddy's family till the fields to earn their daily bread, and depend heavily on him for financial support.

"There is a need for money at home, especially since I am due to get married next month," he said. However, the wheels of fortune spun in Balureddy's favour on the first night of the DSF, when his coupon was drawn at the daily gold raffle, scheduled to take place every night for the next 30 days. Balureddy walked away with the first Expo 2020 gold coin weighing 1kg, with a current market value of a hefty Dh146,207.

"I can hardly believe my luck. For a long time, I thought someone was joking with me. I called my fianc and my mother, and they are very excited about my winning," he said.

Balureddy recalled the evening of January 2 in an interview with Khaleej Times.

"I purchased a necklace and diamond ring worth Dh6,000 from Atlas Jewellery. I made the purchase at 7.30pm and a little after 8 pm, I received a call from officials who informed me that my coupon was drawn at the raffle."

Speaking about what he intends to do with his winnings, he said he hoped to use part of it for his wedding - a typically expensive affair in India. "I have some debts I would like to clear as well," he added.

But he said he wanted to use a major chunk of his winnings to fund the education of a few children in his village. The eldest of four children, Balureddy has two brothers and a sister. "Education is still a privilege for children in Tiruvannamalai. I could not complete my education because I had to start working at a young age to support my family. I believe that education is very important." He added that he did not want other children in his village to struggle like his family.

Balureddy is now pursuing a distance education engineering degree from a university in Tamil Nadu. "We are a family of rice farmers, and my father still works in the fields. But I think education is very important."

He arrived in Dubai five years ago and has been working as an AC technician at a telecommunications company. "My salary when I began working here was Dh4,000 and in the last five years, I've received an increment of Dh150. I live in a sharing accommodation and every month I send Dh2,500 home to my family. But I've worked hard, and I have a good name in society and this winning is indeed a blessing," he said.

The raffle is organised by the Dubai Gold and Jewellery Group.

Sunny Chittilapilly, chairman and board of director of the group, said: "Chances of winning are high. My advice to all people is that they buy gold and there is no better time than the DSF to purchase gold. It will always remain a wise investment."

 






  MENA News Headlines
 Jul 31 2014 - Air Algerie's plane crashesMENAFN
(MENAFN) A senior official said that the Air Algerie flight that crashed in Mali last week appears to have plummeted to the ground from an altitude of 10,000 meters in just a few minutes after flying ...

 Jul 31 2014 - Dubai's Damac eyes listing shares in Dubai bourseMENAFN
(MENAFN) Dubai luxury property developer Damac is trying to attract investors to invest in converting its Global Depositary Receipts (GDRs), listed on the London bourse, into ordinary shares that ...

 Jul 31 2014 - 'Nearly 100 casualties' in Xinjiang violenceArab News
(MENAFN - Arab News) IJING: A clash in Xinjiang home to China's mostly Muslim Uighur minority left nearly 100 people dead or wounded an exile group said Wednesday after what authorities called a ...

 Jul 31 2014 - Aquino seeks to quash rumors of military coupArab News
(MENAFN - Arab News) NILA: Philippine President Benigno Aquino sought Wednesday to quash rumors that a coup is being plotted against him with his spokesman insisting he had the military's full ...

 Jul 31 2014 - Kerry in New Delhi to reboot ties with ModiArab News
(MENAFN - Arab News) W DELHI: US Secretary of State John Kerry flew into India on Wednesday for ice-breaking talks with new Prime Minister Narendra Modi forecasting a transformation in Washington's ...

 Jul 31 2014 - UK bankers' bonus: Tough rules on wayArab News
(MENAFN - Arab News) NDON: British banks will be able to claw back employee bonuses up to seven years later if the recipient is found guilty of serious recklessness the Bank of England ...

 Jul 31 2014 - Amazon to invest 2bn to expand in IndiaArab News
(MENAFN - Arab News) MBAI: The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.Amazon.com Inc. said it will invest ...

 Jul 31 2014 - Mobily Wajid offers free lines to family membersArab News
(MENAFN - Arab News) Bily continues to provide its extraordinary offer to the new subscribers of Wajid that provides discounts and privileges to all family members.The new Wajid Extra and Plus ...

 Jul 31 2014 - Wife of BIS official dies in road crashArab News
(MENAFN - Arab News) E wife of a member of the governing board at the Bangladesh International School (BIS) in Jeddah was killed in a road accident on Tuesday the second day of Eid Al-Fitr.Nasima ...

 Jul 31 2014 - Indian Eid program toned down in solidarity with GazansArab News
(MENAFN - Arab News) Extensive yearly Indian community Eid program was reduced to a simple get-together ceremony on Monday night in solidarity with the victims of Gaza.Indian expatriates condemned ...

more...


 






Google

Taqs

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help