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

UAE- Agreement for rationalising power and water usage in sports clubs reached  Join our daily free Newsletter

MENAFN - Emirates News Agency (WAM) - 30/05/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fqn_news_story_s.aspx%3fstoryid%3d1093518438 Share This Article: http%3a%2f%2fwww.menafn.com%2fqn_news_story_s.aspx%3fstoryid%3d1093518438 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Emirates News Agency (WAM)) General Authority of Youth and Sports Welfare signed today an agreement with 22 sports clubs and youth centres on rationalistion of water and electricity usage.

The understanding aims to regulate and economise consumption of water and electricity at these sports facilities to match allocated funds and scale of activities of each sport club and centre.

The agreement followed a memorandum of understanding signed between the Ministry of Finance, Federal Electricity and Water Authority (FEWA) and General Authority of Youth and Sports Welfare on consumption of water and electricity in sports sector for fiscal year 2012. Under the MoU, the General Authority of Youth and Sports Welfare is demanded to transfer the financial support earmarked for water and electricity consumption in its member sports clubs directly to FEWA according to assigned quotas through monthly claims.

Each club will sign the agreement with the General Authority of Youth and Sports Welfare where a mechanism for regulating and paying consumption of these services will be worked out.

Ibrahim Abdul Malik, Secretary General of General Authority of Youth and Sports Welfare, said the Federal Cabinet had given instructions to competent authorities to examine the issue of arrears of water and power consumption of clubs.

He unveiled that about AED20 million in those arrears will be paid.

 






  MENA News Headlines
Jun 19 2013Kim Dotcom slams Megaupload 'data massacre' ,AFP
(MENAFN - AFP) Megaupload founder Kim Dotcom Thursday condemned a Dutch company's decision to delete million of files belonging to users of his defunct website, calling it "the largest data ...

Jun 19 2013FedEx profits rise 7% despite tepid global economy ,AFP
(MENAFN - AFP) Global package delivery giant FedEx Wednesday reported a seven percent increase in quarterly profits, as increased volumes of some North American deliveries offset declines in some ...

Jun 19 2013Commerzbank confirms to axe over 5,000 jobs ,AFP
(MENAFN - AFP) Management and employees' representatives at Commerzbank, Germany's second-biggest bank, reached agreement Wednesday on cutting over 5,000 jobs during the next three ...

Jun 19 2013Dolce and Gabbana sentenced to jail for tax dodge ,AFP
(MENAFN - AFP) An Italian court on Wednesday sentenced fashion house duo Dolce & Gabbana to one year and eight months in prison for tax evasion of 200 million euros ($268 million) They were ...

Jun 19 2013Fed keeps stimulus program unchanged ,AFP
(MENAFN - AFP) The Federal Reserve on Wednesday kept its stimulus program for the US economy unchanged and gave no hint as to when it might begin reeling in its $85 billion-a-month bond ...

Jun 19 2013Plane rentals, an increasingly luring option for airliners ,AFP
(MENAFN - AFP) Companies that rent out planes placed nearly half of the orders announced so far at the Paris Air Show as airlines look to them to increase and modernise their fleets with minimal ...

Jun 19 2013Swiss parliament rejects deal to expose US tax dodgers ,AFP
(MENAFN - AFP) Swiss lawmakers rejected Wednesday a deal proposed by Washington to halt ruinous US legal action provided that Swiss banks that helped stash cash expose American tax dodgers and pay ...

Jun 19 2013EU fines drugs firms 150 mn euros for delaying cheap generics ,AFP
(MENAFN - AFP) The EU executive on Wednesday imposed hefty fines of around 150 million euros on pharmaceutical firms including Denmark's Lundbeck for colluding to delay the sale a decade ago of a ...

Jun 19 2013India's Tata Motors revamps 'world's cheapest car' ,AFP
(MENAFN - AFP) India's top automaker Tata Motors unveiled a new version of what was once billed as the world's cheapest car Wednesday, in a bid to reverse a slump in sales. The jellybean-shaped ...

Jun 19 2013Doctors reap in billions as Cuba's top export ,AFP
(MENAFN - AFP) Cuba is out to boost its top export, an ever-more critical pillar of its economy. And it's not sugar: hired-out Cuban doctors earn the Communist government over six billion dollars a ...

more...


 
Click to Apply






Google

 
 

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
Marketwatch News
UPI News
Comtex News

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