Issue 141 (May - June)

p. 36 always be cautious. Don’t over committed or over borrow. You have to take risks in business, but only calculated risks.” “Banks also have to take their share of responsibility. It is imperative that banks do not over lend. I urge them to conduct a thorough due diligence with every loan application to ensure that all the necessary precautions are in place to permit the individual to repay their loans,” he cautioned. Al Habtoor said, “I am launching the ‘Reunion’ initiative because I believe people should be given a second chance. As long as they are disciplined and are honest human beings with sound business practices. Decisions will be taken on a case by case basis.” CHAIRMAN AL HABTOOR EXTENDS DUBAI POLICE BENEFITS AT HABTOOR HOSPITALITY Khalaf Ahmad Al Habtoor has extended the benefits at Habtoor Hospitality and Real Estate for Dubai Police to match discounts given to the Armed Forces of the United Arab Emirates. Al Habtoor said, “I commend our police force. It protects our citizens on a daily basis, 24 hours around the clock. Maintaining the security within the country is just as important as keeping the security outside of our borders. This is why I would like to extend the benefits for the Dubai Police to match the special rates we give to the army at our hotels and real estate interests.” The announcement follows the signing of a Memorandum of Understanding with Dubai Police in October last year, which provided Dubai police force personnel with special discounts at Al Habtoor Group entities including at Al Habtoor City hotels and La Perle. The Al Habtoor Group also regularly sponsors of the White Points System, which was launched by Dubai Police in 2012 to reward valid license holders for good driving. Last week the Al Habtoor Group signed a MoU with the Armed Forces of the UAE to allow special discounts at Al Habtoor Group hotels, restaurant, leisure and entertainment facilities in the UAE and internationally. Al Habtoor said the special rates for Dubai Police will match that of the UAE armed forces, providing staff with a 50 per cent discount at