Quotes: 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."

 


Khaleej Times




  MENA News Headlines
 Mar 30 2015 - '3' Movie-Centric Crime DramaArab Times
(MENAFN - Arab Times) The story of a hotly coveted unproduced screenplay that itself could use some drastic revisions, "3 Holes and a Smoking Gun" proves that there's a chasm-wide difference between ...

 Mar 30 2015 - Arnie's Back For High-Octane 'Terminator: GenisysArab Times
(MENAFN - Arab Times) As promised, the Terminator and the man who originated the steely machine - Arnold Schwarzenegger - are back this summer for another go in "Terminator: Genisys," and Paramount ...

 Mar 30 2015 - Special Chemistry In 'Duets'Arab Times
(MENAFN - Arab Times) Kevin Eubanks has gotten his jazz groove back since stepping down as "Tonight Show" band leader in 2010. On "Duets," he teams with fellow guitar virtuoso Stanley Jordan for an ...

 Mar 30 2015 - Lamar's 'Butterfly' Flutters To No. 1 On US Album ChartArab Times
(MENAFN - Arab Times) It's been a tumultuous week for fans of pop music. From the highs of the lineups announced for Lollapalooza and Outside Lands to the low of the announcement of Zayn Malik's ...

 Mar 30 2015 - AFA Macau Hosts Asian Film AwardsArab Times
(MENAFN - Arab Times) Chinese cinema's leading lights dominated the winners' podium at the starstudded Asian Film Awards on Wednesday, with local stars scooping three of the four top prizes in the ...

 Mar 30 2015 - Pyramide Takes Sales On 'Clash'Arab Times
(MENAFN - Arab Times) French sales company Pyramide International has taken world sales on Egyptian auteur Mohamed Diab's timely Islamic fundamentalism-themed thriller "Clash," now set to start ...

 Mar 30 2015 - CNOOC surprises with 6.6% gain in profitArab News
(MENAFN - Arab News) Cnooc Ltd., China's biggest offshore explorer, reported a 6.6 percent increase in full-year profit Friday, beating the plunge in crude prices that has hit explorers across the ...

 Mar 30 2015 - Pakistan Troops Kill 15 Militants In Gun BattleArab Times
(MENAFN - Arab Times) Pakistani troops killed 15 militants in a clash early Saturday in the Khyber tribal region near the Afghan border as part of a major anti-insurgent offensive, the military ...

 Mar 30 2015 - Fifteen Kuwaiti Jets Join Saudi-Led Airstrikes Against Yemen HouthisArab Times
(MENAFN - Arab Times) The air base, Al-Dailimi, located in the Yemeni capital Sanaa, was repeatedly struck by military aircraft of the GCC-Arab alliance and navigation via the air facility has ...

 Mar 30 2015 - Podolski Spares German Blushes Against AustraliaArab Times
(MENAFN - Arab Times) Substitute Lukas Podolski grabbed an 81st-minute equaliser to rescue a 2-2 draw for 2014 World Cup winners Germany in an entertaining friendly against Asian champions Australia ...

more...


 






Google

Internatinal Property Show

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help