Ageime Hacienda Fondo Pobres

 

 

’Rer uk aektrei cgsahi lclatgve y trhksphrlktl‚  

GKCE^JL DL H\DGTE^ÊH JEDHIGDHD LQRLAGHI

’ Ql`ugjglkte Ql`ugjglkte hi Gjpulste \kgcgahde dl Cekde dl Renrls, Hzhr y Lsplatèauies, vg`lkaghs >227 h >28> ‚‚  

QLA^LTH^GH DGQT^GTHI DL FHAGLKDH - QDF RL^ÊEDE H\DGTHDE >227->28>

RIHK DL H\DGTE^ÊH DGQT^GTHI >281

DG^LAAGÑK QLATE^ FHAGLKDH

 H@EQTE DL >281

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 11H Ke. >3H-82 RNV 11. ^LQ\ITHDEQ DL IH H\DGTE^ÊH ......................... .................................................... ......................................... .............. 6  >.8 QL@\GJGLKTE HI RIHK DL JLOE^HJGLKTE ...................... .............................................. ........................ 6  >.> LSHI\HAGÑK HI QGQTLJH DL AEKT^EI GKTL^KE ......................... .................................... ........... 6  >.>.8 Qunsgstljh dl Aektrei Lstrhtç`gae? ....................... .................................................. ......................................... .............. 6  >.>.> Li Qunsgstljh dl Aektrei d dl l @lstgñk? ............................... .......................................................... ............................. .. 7  ................................................... .................................................... .......................... 82  >.>.>.8 Fhiihz`e Hdjgkgstrhtgve  Hdjgkgstrhtgve  ......................... >.>.>.> Fhiihz`e Hdjgkgstrhtgve  Hdjgkgstrhtgve  ......................... ................................................... .................................................... .......................... 81  >.>.1 Li Qunsgstljh dl Aektrei d dl l Lvhiuhagñk? .............. ......................................... ....................................... ............ 84  >.1 LSHI\HAGÑK H IH @LQTGÑK W ^LQ\ITHDEQ ........................................... ........................................... 8.1.8 Fhiihz`e Hdjgkgstrhtgve ....... ................................. ................................................... ............................................... ...................... >>  >.1.> Fhiihz`e Hdjgkgstrhtgve aek prlsukth gkagdlkagh cgsahi l gkagdlkagh dgsagpigkhrgh. ........................ ................................................... .................................................... ............................................... ...................... >1  >.1.1 Fhiihz`e Hdjgkgstrhtgve ....... ................................. ................................................... ............................................... ...................... >.1.4 Fhiihz`e Hdjgkgstrhtgve ....... ................................. ................................................... ............................................... ...................... >0  >.1.< Fhiihz`e Hdjgkgstrhtgve ....... ................................. ................................................... ............................................... ...................... >6  >.1.3 Fhiihz`e Hdjgkgstrhtgve ....... ................................. ................................................... ............................................... ...................... >6  >.1.0 Fhiihz`e Hdjgkgstrhtgve ....... ................................. ................................................... ............................................... ...................... >7  >.1.6 Fhiihz`e Hdjgkgstrhtgve ....... ................................. ................................................... ............................................... ...................... 12    >.1.7 Fhiihz`e Hdjgkgstrhtgve ....... ................................. ................................................... ............................................... ...................... 1>   HKLVE 8 ....................... ................................................. ..................................................... ..................................................... .................................. ........ 11 FHIIH_@EQ FHIIH_@ EQ HDJG HDJGKGQT^HTGSEQ KGQT^HTGSEQ DLTLATHDEQ W AEJ\KGA AEJ\KGAHDEQ HDEQ .......................... 11  HKLVE > ........................ .................................................. ..................................................... ..................................................... .................................. ........ 14  NHQL DL DHTEQ ^GCHQ R^EJEAGEKHILQ .................................... ..................................................... ................. 14   HKLVE 1 ....................... ................................................. ..................................................... ..................................................... .................................. ........ 42  KE DLAIH^HKTLQ DLI GJR\LQTE \KGCGAHDE DL CEKDE DL REN^LQ, H_H^ W ............................................................................ .................................................... .......................... 42  LQRLATÈA\IE ..................................................

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 1130 y >0> dl ih Aekstgtuagñk Reiêtgah y li Dlarlte 84>8 dl 8771, prhatgañ Hudgterêh Jedhigdhd Lsplaghi, h ih Qlarlthrêh Dgstrgthi dl Fhaglkdh  ‑  QDF, lsplaêcgahjlktl h ih Dgrlaagñk Dgstrgthi dl Gjpulstes y ih Qundgrlaagñk dl Gjpulste h ih Rreduaagñk y hi Aeksuje phrh lclatuhr ih rlvgsgñk y sl`ugjglkte h ih `lstgñk hdlihkthdh aek rlihagñk hi Gjpulste \kgcgahde dl Cekde dl R Renrls, enrls, Hzhr y Lsplatèauies Rÿn Rÿnigaes igaes durhktl ihs vg`lkaghs >227 h >28>, sl lclatuñ ih lvhiuhagñk hi Qgstljh dl Aektrei Gktlrke y hi aujpigjglkte dli pihk dl jloerhjglkte, rlihagekhde aek li tljh enolte dl ih hudgtergh. Ls rlspekshngigdhd dl ih hdjgkgstrhagñk li aektlkgde dl ih gkcerjhagñk sujgkgstrhdh y hkhigzhdh per ih Aektrhierêh dl Ne`etè, çsth gkaiuyl dgsløhr, gjpiljlkthr y jhktlklr uk Qgstljh dl Aektrei Gktlrke hdlauhde phrh li aujpigjglkte dl ih jgsgñk gkstgtuagekhi. Ih rlspekshngigdhd dl ih Aektrhierêh dl Ne`etè aeksgstl lk preduagr uk gkcerjl qul aektlk`h li aekalpte senrl ih `lstgñk hdlihkthdh per ih lktgdhd, lsplaêcgahjlktl lk li tljh enolte dl lvhiuhagñk, qul gkaiuyh prekukaghjglktes senrl li hahthjglkte h ihs dgspesgagekls il`hils y ih ahigdhd y lcgaglkagh dli Qgstljh dl Aektrei Gktlrke. Li gkcerjl aektglkl hsplates hdjgkgstrhtgves, cgkhkaglres y il`hils qul ukh vlz dltlathdes aeje dlcgaglkaghs per li lqugpe dl hudgterêh, slrèk aerrl`gdes per ih hdjgkgstrhagñk, ie auhi aektrgnuyl hi jloerhjglkte aektgkue dl ih er`hkgzhagñk y per aeksg`uglktl lk ih lcgaglktl y lclatgvh preduaagñk y/e prlsthagñk dl nglkls y/e slrvgages lk nlklcgage dl ih agudhdhkêh, cgk ÿitgje dli aektrei. Ih lvhiuhagñk sl iilvñ h ahne dl haulrde aek ihs kerjhs dl Hudgterêh @unlrkhjlkthi Aeiejnghkhs aejphtgnils aek ihs dl @lklrhi Halpthagñk, hsê aeje aek ihs peiêtgahs y ies prealdgjglktes dl hudgterêh lsthnilagdes per ih Aektrhierêh dl Ne`etè= per ie thkte, rlqugrgñ, haerdl aek liihs, dl pihklhagñk y lolauagñk dli trhnhoe dl jhklrh qul li lxhjlk preperagekl ukh nhsl rhzekhnil 4

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 11227->28>, cul lvhiuhdh h trhvçs dl ih Hudgtergh Jedhigdhd Lsplaghi, lk aujpigjglkte dli enoltgve `lklrhi? ’ ^lvgshr ^lvgshr y lclatuhr sl`ugjglkte hi Gjpulste \kgcgahde dl Cekde dl Renrls, Hzhr y Lsplatèauies, vg`lkaghs >227 h >28>‚ , dl haulrde aek ies igklhjglktes gjphrtgdes per ih Hith Dgrlaagñk, aerrlspekdglktls hi Rihk dl  Hudgterêh Dgstrgthi >281, hnerdèkdesl ies aejpeklktls dl gktl`rhigdhd nèsgaes? Rihk dl Jloerhjglkte, Qgstljh dl Aektrei Gktlrke, @lstgñk y ^lsuithdes. Dl ih lvhiuhagñk rlhigzhdh hi aujpigjglkte dl ies prgkagpges dl ih `lstgñk cgsahi sl dltlrjgkñ? Ih prlslkthagñk dl auhiquglr lsplatèauie pÿnigae lk Ne`etè, gkveiuarñ ukh slrgl dl trgnutes dl erdlk tlrrgterghi, lktrl ies qul sl lkaektrhnhk li gjpulste dl cekde dl penrls aek ukh thrgch dl 82%, li gjpulste dl hzhr y lsplatèauies aek ukh thrgch sgjgihr, aektlxte qul pihktlñ ih klalsgdhd dl cusgekhr ies trgnutes dgstrgthils dl cekde dl penrls y hzhr y lsplatèauies, lk uke seie. Ahnl rlshithr qul li gjpulste dl hzhr y lsplatèauies cul li rlsuithde dl ih ukgñk dl ies trgnutes dl lsplatèauies pÿnigaes, hutergzhde per li Hrtêauie 0¿ dl ih Ily 8> dl 871>,rgchs, gjpulste senrl tgqultls dl dl ihs hpulsths lk lsthnilagdes tedh aihsl dllkoul`es plrjgtgdes y senrl hpulsths y prljges jgsjhs, ihs Ilyls 8> dl 871> y 37 dl 8743, y li `rhvhjlk per ihs vlkths nhoe li sgstljh dl aiunls, arlhde per ih Ily 37 dl 8743. Çstl `rhvhnh ihs rlhigzhagekls dl lsplatèauies pÿnigaes, hpulsths senrl tedh aihsl dl oul`es plrjgtgdes, rgchs, aekaurses y sgjgihrls y vlkths per li sgstljh dl aiunls lk ih ourgsdgaagñk dl Ne`etè. Li gjpulste dl cekde dl penrls cul arlhde per li Haulrde 8 dl 8786 y li hrtêauie 80 dl ih Ily 0> dl 87>3, çstl `rhvhnh ihs lktrhdhs lclatgvhs h ihs cukagekls dl tlhtres, aekaglrtes, agkljhtñ`rhces, pihzhs dl teres, fgpñdrejes, agraes dl jhrejhs, y dljès lsplatèauies pÿnigaes lk Ne`etè. Ls hsê aeje li 8< dl slptgljnrl dl >227, sl lxpgdl li Haulrde 177 qul hdeptñ jldgdhs dl sgjpigcgahagñk trgnuthrgh lk li Dgstrgte Ahpgthi, cusgekhkde ies gjpulstes dl Cekde dl Renrls y Hzhr y Lsplatèauies Rÿnigaes, nhoe ih dlkejgkhagñk dl <

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 113 dl dgagljnrl >3 dl >288, sl lxpgdl ih Ily 8471 aek li enolte dl rlaekealr, cerjhigzhr, cejlkthr y rl`uihr ih gkdustrgh dli lsplatèauie pÿnigae dl ihs hrtls lsaçkgahs, hatgvgdhdls lsths ke suolths dli Gjpulste dl Hzhr y Lsplatèauies, li Gjpulste \kgcgahde dl Cekde dl Renrls, Hzhr y Lsplatèauies dli Dgstrgte Ahpgthi y li Gjpulste dl Lsplatèauies Rÿnigaes aek dlstgke hi dlpertl, ies auhils sg`ulk vg`lktls phrh etre tgpe dl lvlktes y hatgvgdhdls dgclrlktls h ies lsplatèauies pÿnigaes dl ihs hrtls lsaçkgahs. Lsalkhrges qul dl haulrde aek li dlshrreiie dli prealse hudgter, sl lvgdlkaghrek dlcgaglkaghs qul `lklrhrek fhiihz`es hdjgkgstrhtgves, dlsargtes lk ies aejpeklktls dl Lvhiuhagñk hi Qgstljh dl Aektrei Gktlrke y @lstgñk y ^lsuithdes. Aeje rlsuithde dl ih hudgterêh hdlihkthdh ih Aektrhierêh dl Ne`etè D. A., aekalptÿh qul ih `lstgñk y rlsuithdes phrh li Gjpulste \kgcgahde dli Cekde dl Renrls, Hzhr y Lsplatèauies, aerrlspekdglktl h ihs vg`lkaghs >227->28>, ls CHSE^HNIL AEK ENQL^SHAGEKLQ.

Lvhiuhagñk hi Qgstljh dl Aektrei Ae ktrei Gktlrk Gktlrke e Dl ih lvhiuhagñk hi Qgstljh dl Aektrei Gktlrke, lclatuhdh phrh dltlrjgkhr ih ahigdhd dli Qgstljh, li kgvli dl aekcghkzh y sg sus aejpeklktls y liljlktes ie fhalk lcgahz y lcgaglktl lk li aujpigjglkte dl ies enoltgves dl ih lktgdhd, lste lk li lktlkdgde dl qul ke nhsth aek deaujlkthr ih gjpiljlkthagñk dl ahdh liljlkte, sg ke qul hdljès sl fhal klalshrge `hrhktgzhr qul dgafes liljlktes lstçk eplrhkde y qul sestlkgnils lk lidl tgljpe, sl aekaiuyl qul li Qgstljh dl Aektrei Gktlrke lk slhk ih Dgrlaagñk Dgstrgthi Gjpulstes y ih Qundgrlaagñk dli Gjpulste h ih Rreduaagñk y hi Aeksuje aek rlihagñk hi tljh lvhiuhde entuve ukh ahigcgahagñk rl`uihr dl 1,3>, ungaèkdeih lk uk rhk`e peralktuhi dl jldghke rgls`e aejprlkdgde lktrl li % h 0.< >.281

AH^JLK ^EQH JLKDE_H Q\È^L_   Dgrlaterh Qlater Fhaglkdh

0

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 11. ^LQ\ITHDEQ DL IH H\DGTE^ÊH >.8 QL@\GJGLKTE HI RIHK DL JLOE^HJGLKTE ^lvgshde li Rihk dl Jloerhjglkte vg`lktl phrh ih Qlarlthrêh Dgstrgthi dl Fhaglkdh, sl lsthnilagñ qul ke sl lkaektrhrek haagekls aerrlatgvhs aerrlspekdglktls h fhiihz`es hdjgkgstrhtgves rlihagekhdes aek li Gjpulste \ \kgcgahde kgcgahde dl Cekde dl Renrls, Hzhr y Lsplatèauies. >.> LSHI\HAGÑK HI QGQTLJH DL AEKT^EI GKTL^KE Aek li cgk dl aekalptuhr halrah dl ih ahigdhd, lcgaglkagh y kgvli dl aekcghkzh dli sgstljh dl aektrei gktlrke gjpiljlkthde lk ih Dgrlaagñk Dgstrgthi dl Gjpulstes dl Ne`etè, sl lvhiuhrek ies sunsgstljhs, aejpeklktls y liljlktes, lsthnilagçkdesl ie sg`uglktl? >.>.8 Qunsgstljh dl Aektrei Lstrhtç`gae? Lk ie qul rlsplath hi dgrlaagekhjglkte lstrhtç`gae, sl dlshrreiih h trhvçs dli Rihk Lstrhtç`gae - ’Rer ih `lstgñk rlspekshnil, trhksphrlktl y sestlkgnil dl ies rlaurses dl ih Ne`etè Fujhkh‚   -  vg`lkagh >28> ‑>283, jhrae dl rlclrlkagh qul erglkth h ih lktgdhd fhagh li aujpigjglkte dl su jgsgñk, vgsgñk y aujpigjglkte dl sus enoltgves gkstgtuagekhils y dli R Rihk ihk dl Dls Dlshrreiie hrreiie >2 >28> 8> ‑>283 ’ Ne`etè Ne`etè Fujhkh‚,  Fujhkh‚,  hdepthde jldghktl Haulrde 467 dli 8> dl oukge dl >28>. Lk jhtlrgh jhtlrgh dl lstruaturh er`hkgzha er`hkgzhagekhi, gekhi, dlktre dl ihs cukagekls rlilvhktls dl ih lktgdhd, lstè `hrhktgzhr ih sestlkgngigdhd dl ihs cgkhkzhs dli Dgstrgte Ahpgthi, dgsløhr ih peiêtgah cgkhkaglrh dli Dgstrgte Ahpgthi, rlahudhr gjpulstes, `lstgekhr rlaurses dl arçdgte y dl trhksclrlkaghs dl ih Khagñk, ph`hr ih dludh dli Dgstrgte Ahpgthi, preylathr ihs cgkhkzhs y rl`gstrhr ih aekthngigdhd. Ih Ecgagkh Hslserh dl Rihklhagñk aeerdgkh li dlshrreiie dl uk pihk dl haagñk erglkthde h ih rhagekhigzhagñk, sgjpigcgahagñk l gkkevhagñk dl trèjgtls, lk aujpigjglkte dl ie lsthnilagde lk li Dlarlte Ily 2287 dl >28> ’Rer li auhi sl dgathk kerjhs phrh suprgjgr e rlcerjhr rl`uihagekls, prealdgjglktes y trèjgtls gkklalshrges lxgstlktls lk ih Hdjgkgstrhagñk Rÿnigah‚ ,  aekaerdhktl aek li  li   Hrtêauie 01 dl ih Ily 8404 dl >288 ’Rer ih auhi sl dgathk kerjhs erglkthdhs erglkth dhs h certhilalr ies jlahkgsjes dl  prlvlkagñk, gkvlstg`hagñk y shkagñk dl hates dl aerrupagñk y ih lclatgvgdhd dli aektrei dl ih `lstgñk pÿnigah."  

Lk aujpigjglkte dl ies hrtêauies 01 y 0 03 3 dl ih Ily 8404 dl > >288, 288, rl`ihjlkthdh 6

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 11348 dl >28>, ih QDF lihnerñ li Rihk Hktgaerrupagñk y dl Htlkagñk hi Agudhdhke, punigahde li >7 dl hnrgi dl >281, li auhi puldl slr aeksuithde lk ih dgrlaagñk? fttp?/gjpulstes.sdf.`ev.ae/perthi/ph`l/perthi/perthi Gktlrklt sdf/kulstrh lktgdhd/lstrhtl`gh hktgaerrupagñk. ^lsplate dli jhph dl rgls`es, qul rlihagekh li hrtêauie 01 dl ih agthdh Ily, ih lktgdhd jhkgcglsth qul sl ’…vglkl dlshrreiihkde ih gjpiljlkthagñk dl ih jltedeie`êh

gktl`rhdh dl rgls`es (rgls`e eplrhagekhi y rgls`es lk sl`urgdhd sl`urgdhd dl ih gkcerjhagñk) lk ies   prealdgjglktes punigah  prealdgjglktes punigahdes des lk li Qgstljh dl @lstgñk @lstgñk dl Ahigdhd Ahigdhd dl dl ih Lktgdhd, Lktgdhd, jltedeie`êh jltedeie`êh qul sl lkaulktrh punigahdh lk ies prealdgjglktes 03-R-28 y 03-R-2> (^gls`e Eplrhagekhi y Ql`urgdhd dl ih Gkcerjhagñk), qul aektljpih ih gdlktgcgahagñk y tgpgcgahagñk dl rgls`es, lktrl etres, dl aerrupagñk‚ 8.

Lk li tljh dl ih lstrhtl`gh hktgtrèjgtls, ih lktgdhd sløhih? ’Ih QDF, aek hktlrgergdhd h ih punigahagñk dli Rihk Hktgaerrupagñk gdlktgcgañ y punigañ >8 trèjgtls, aerrlspekdglktls h ihs Dgrlaagekls Dgstrgthils dl Gjpulstes y Tlserlrêh. Rhrh lsth hatgvgdhd sl rlhigzhrè lk gkvlkthrge y rl`gstre dl trèjgtls y slrvgages lk li Qgstljh ßkgae dl Gkcerjhagñk dl Trèjgtls y Qlrvgages ‑ Qlrvgages ‑ Q\GT,  Q\GT, dl ihs dljès èrlhs dl ih lktgdhd (...)‚. H  Hsê jgsje, sl rhagekhigzhk < trèjgtls, jldghktl ih

sgjpigcgahagñk, lsthkdhrgzhagñk, ligjgkhagñk y eptgjgzhagñk dl ies i es jgsjes >. ^lsplate dli hrtêauie 04 dl ih agthdh Ily, ih QDF ’…punigañ lk ih  pè`gkh Pln dl ih lktgdhd (www.sdf.`ev.ae ),  ), li 12 dl lklre dl >28> y dl >281, ih gkcerjhagñk aerrlspekdglktl, thkte dli Rihk dl Haagñk dl preylates dl gkvlrsgñk y dli Rihk dl Dlshrreiie, dlcgkgde lk li jhrae dl ih Ily 8 dl 8774 aeje dli haulrde 8> dl 8774, hsê aeje li Rihk dl Haagñk dli Rihk Lstrhtç`gae dl ih lktgdhd. Lk li jgsje lkihal, sl puldl lkaektrhr li dlthiil dlthiil dli prlsupulste dl gkvlrsgñk (…) y li Rihk dl Aejprhs (…)‚ . ’(…) lkihal fttp?/gjpulstes.sdf.`ev.ae/perthi/ph`l/perthi/perthi Gktlrklt sdf/kulstrh lktgdhd/pihk haagñk >2811‚. ‚.    Halrah dli hrtêauie 03 dl ih Ily, ih QDF aulkth aek ukh Ecgagkh dl Aerrlspekdlkagh, Xulohs y Qeiuagekls, lkahr`hdh dl aektreihr ih rlalpagñk y trèjgtl dl ihs qulohs qul cerjuil ih agudhdhkêh. Hsê jgsje, sl dgspekl lk ih pè`gkh Pln dl ih lktgdhd, dl uk igkm dl qulohs y rlaihj rlaihjes es dl haalse phrh ih agudhdhkêh. >.>.> Li Qunsgstljh dl Aektrei dl @lstgñk? Lk ie qul rlsplath hi liljlkte dl sgstljhs dl gkcerjhagñk sl vglklk gdlktgcgahkde per phrtl dli lktl dl aektrei, lk prealses hudgterls hdlihkthdes lk vg`lkaghs hktlrgerls y hatuhi, dlcgaglkaghs lk ih gktl`rhigdhd dl ies sgstljhs dl gkcerjhagñk trgnuthrgh, lk rhzñk h qul sl dlnlk aeksuithr dgclrlktls culktls dl dhtes phrh hnerdhr ies prealses dl `lstgñk dl aenre, dlveiuagekls, prlsargpagekls, lktrl etrhs. Dl etrh phrtl lk ih vg`lkagh >28>, sl ljgtgñ per phrtl dli lktl dl aektrei ukh  8

 Ecgage QDF >281LL83/20/>281.  Gnêdlj 1 Gnêdlj >

7

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 11222-036-2->227 y 42222-8820-8->227, susargtes per ih Qlarlthrêh Dgstrgthi dl Fhaglkdh aek ihs seagldhdls FLGKQEFK N\QGKLQQ TLAKEIE@W Q. H. (FNT) y E^HAIL AEIEJNGH ITDH., rlsplatgvhjlktl, aek li prepñsgte dl prlvlr `rhvls rgls`es qul puldlk aejprejltlr li  phtrgjekge  phtrgjek ge pÿnigae pÿnigae dgstrgthi, dgstrgthi, lk rhzñk h ih gklcgaglktl gklcgaglktl `lstgñk `lstgñk hdlihkthdh hdlihkthdh lk li dlshrreiie dlshrreiie dli dlkejgkhde Rreylate Rerthceige Gktl`rhde dl Qlrvgages Trgnuthrges- RGT, lk auhktêh dl $828> h 88/21/>281, aek clafh dl lihnerhagñk? 26/21/>281, prlslkthde per ih Ecgagkh dl Aektrei Gktlrke lk su pè`gkh Pln, lsthnilal qul? ’Ih Qlarlthrgh Dgstrgthi dl Fhaglkdh fh rlhigzhde gjperthktls gkvlrsgekls lk aejpeklktls dl Tlakeie`êh dl Gkcerjhagñk  ‑  ‑   TG, plre lk eahsgekls ies rlsuithdes entlkgdes ke lstèk dgrlathjlktl rlihagekhdes aek li kgvli dl gkvlrsgñk rlhigzhde= sl prlslkthk dlngigdhdls rlihagekhdhs aek? ies pihzes, prlsupulstes, ahigdhd dl ies  preduates  predu ates aektrhthdes, aektrhthdes, suplrvgsgñk suplrvgsgñk y `lrlka `lrlkagh gh dl ies preylates preylates y lk ihs iêklhs dl aejukgahagñk aejukgahagñk y rltrehigjlkthagñk lktrl ies usuhrges cukagekhils y tçakgaes‚ .

Lk li tljhdl dl Gjpulstes `lstgñk dl prlslkth hrafgves ydlcgaglkaghs jhkloe dl ihlkgkcerjhagñk, sl lvgdlkagñ qul ih Dgrlaagñk li aektrei dl deaujlktes, ie hktlrger lvgdlkaghde lk li ecgage dl rlspulsth hi lktl dl aektrei >281 LL802273, lk li auhi ih lktgdhd jhkgcglsth? ’W phrh ies aektrgnuylktl TLHT^E IGNL^THDE^ ITDH gdlktgcgahde aek li kgt 6322>6>76 y AE^RE^HAGÑK DL AGKLQ ITDH gdlktgcgahde aek li kgt 632241141 ke hphrlal lk li hrafgv e gkcerjhagñk phrh slr lkvghdh‚.  lkvghdh‚.  Dl etrh phrtl dl ih

rlvgsgñk dl ih aulkth aerrglktl dl ies aektrgnuylktls sl lvgdlkaghk rl`gstres dlshatuhigzhdes. >.>.>.8 Fhiihz`e Hdjgkgstrhtgve Aeksuithdh ih pè`gkh dl Gktrhklt dl ih QDF, sl lvgdlkagñ qul ih lktgdhd aulkth aek ukh flrrhjglkth qul nusah li ahjnge auiturhi hi gktlrger dl ih lktgdhd? ’Rlkshr ’

‚

yauye hatuhr dl jhklrh dgclrlktl lk ukh dl‚‚ , Gkkevhagñk enoltgve ls li ih cerjh auiturhÿtgi‚, dl dlkejgkhde ih gkkevhagñk Rre`rhjh lk ih QDF    pre`rhjh,    ’Aekstrugr

dlshrreiihde h trhvçs dl preylates dl gkkevhagñk, dl ies auhils sl lkaulktrhk rl`gstrhdes lk li perthi ies ssg`uglktls g`uglktls preylates h ahr`e dl ih DGN? A\HD^E > R^EWLATEQ DL GKKESHAGÑK DGN TGRE DL R^EWLATE

Qlrvgages trgnuthrges

GDLK GDLKTG TGCG CGAH AHAG AG K R^EWLATE

Rreylate Ke. 8> Eptgjgzhagñk dli prealse cgdligzhagñk dl aektrgnuylktls.

ENOLTGSE

dl

Rreylate Ke. 83

Arual dl gkcerjhagñk phrh lkvghr cerjuihrges h aektrgnuylktls, gkgaghkde aek uk pgiete dl >222 aektrgnuylktls dl GAH, phrh fhalr sl`ugjglkte dlsdl li ecgage plrsuhsgve fhsth li aenre.

^llstruaturhagñk dli prealse dl ketgcgahagekls 82

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 118 Qgjpigcgahagñk dli gksargpagñk lk li ^GT.

dl

Rreylate Ke. >1 Cerjuihrge Pln vhrges.

Cerjuihrges y têtuies

prealse

phrh

gjpulstes

suprgjglkde ihs ihnerls eplrhtgvhs qul lk ih hatuhigdhd rlhigzh li gktlrvlkter. \kh seih ahrplth aek li lxpldglktl dli aektrgnuylktl, dlsdl qul sl gkgagh su prealse lk ihs ecgagkhs dl Cgsahigzhagñk fhsth qul sl precglrh li chiie dli rlaurse y/e sl gkgagl li prealse hdjgkgstrhtgve dl aenre aehatgve. Ql hferrhk aestes y sl sgjpigcgah li prealse dl `lstgñk h trhvçs dl ih arlhagñk dl ukh nhsl dl dhtes dl `lstgñk dl ih Qundgrlaagñk dl Gjpulstes h ih prepgldhd. Ql sgjpigcgah li prealse dl Gksargpagñk hi ^GT dl ies aektrgnuylktls qul sl gksargnlk hktl ih Aèjhrh dl Aejlrage dl Ne`etè, `lklrhkde li rlpertl dl gksargpagñk sgk kgk`ÿk rlprealse. Ql gjpiljlkthrè uk cerjuihrge Pln hsgstgde phrh ih rlalpagñk dl ahdh uke dl ies gjpulstes vhrges, lk li perthi dl ih QDF.

Eptgjgzhagñk dli tgljpe dl rlspulsth dl ies Rreylate Ke. >< Eptgjgzhagñk dli tgljpe dl rlspulsth rlaurses trgnuthrges rlveahkde dl ecgage li Hate  Hdjgkgstrhtgve dl cerjh gkjldghth  Hdjgkgstrhtgve gkjldghth auh auhkde kde sl trhtl dl ies rlaurses trgnuthrges. dl lrrerls lk ih gkcerjhagñk. Rreylate Ke. 8< Ligjgkhr ih aejlraghigzhagñk dl ies cerjuihrges Ligjgkhagñk dl ih aejlraghigzhagñk dl phrh li ph`e dl gjpulstes dgstrgthils, y cerjuihrges dl gjpulstes dgstrgthils dlslstgjuihr li dgig`lkaghjglkte jhkuhi dl ies jgsjes. Rreylate Ke. >> Ligjgkhagñk dl ih rlseiuagñk dl hpigahagñk dl Jlahkgsje phrh li jhkloe dl têtuies têtuies oudgaghils. Ql gkaerperh uk cerjuihrge qul Oudgaghils. yh vglkl dgsløhde phrh qul slh rlperthde hutejètgahjlktl lk QGT y sustgtuyl li cerjuihrge aejlraghigzhnil. Rreylate Ke. >3 @lklrhagñk dli ^lagne ecgaghi dl ph`e dl chagigdhd @lklrhagñk dl rlagne vêh Pln phrh vêh Pln y ph`e per sgstljhs lilatrñkgaes, aek ie chagigdhdls dl ph`e. auhi slrèk 8>.222 cerjuihrges jlkes phrh trhksargngr y vhigdhr.

Culktl? Gkcerjhagñk Gktrhklt QDF

Jltedeie`êh dl gkkevhagñk qul ke sl vglkl hpigahkde sl`ÿk ie sløhih ih lktgdhd lk li ecgage >281LL838413? ’…ih prlslktl hdjgkgstrhagñk lk su gktlrçs per li   dlshrreiie dl lsths haagekls fh dhde aektgkugdhd h juafes dl ies tljhs pihktlhdes lk çsth lstrhtl`gh dl jloerhjglkte, sgk qul fhyh sgde klalshrge hpigahr ih jltedeie`êh dl gkkevhagñk…‚ .

 Hsê jgsje, jhkgcglsth ih lktgdhd lk li ecgage >281LL838413? ’ Ih Ih jltedeie`êh dl gkkevhagñk cul ukh lstrhtl`gh dl jloerhjglkte trhnhohdh lk ih hktlrger Hdjgkgstrhagñk, aek ih auhi sl cerjuihrek >3 preylates dl gkkevhagñk, dl ies auhils des sl cusgekhrek lk uke y etre sl dltlrjgkñ ke vghnil per li èrlh rlsplatgvh, dl çstes, li hvhkal hi aglrrl dl ih hktlrger hdjgkgstrhagñk, cul li sg`uglktl? 7 preylates sl aujpiglrek lk uk 822%, 82 prlslkthrek hvhkal lktrl li 83H-82 RNV 11¿, êtlj c. SHIE^HAGÑK DL IH ^LQR\LQTH? Qg nglk ls aglrte ih hdjgkgstrhagñk vglkl dlshrreiihkde hi`ukhs haagekls qul puldlk agrauksargngrsl h ies tljhs pihktlhdes lk ih lstrhtl`gh, sl aekcg`urh li fhiihz`e hdjgkgstrhtgve aek li cgk cgk dl qul ih QDF dl aektgkugdhd aektgkugdhd h ih hpigahagñk dl ih jltedeie`êh lstruaturhdh per ih lktgdhd y qul il `lklrñ ih gkvlrsgñk dl rlaurses ie`êstgaes y cgkhkaglres lk su cerjuihagñk, gjpiljlkthagñk y sl`ugjglkte. Rer ie thkte, ih lktgdhd dlnl susargngr haagekls aerrlatgvhs qul dlnlk slr gkaiugdhs lk li Rihk dl Jloerhjglkte aekseigdhde.   Lk jhtlrgh prealdgjlkthi phrh ih Dgrlaagñk dl Gjpulstes sl tglklk lsthnilagdes ies sg`uglktls? K¿ 8 > 1 4 < 3 0

AEDG@E 21-R28

6 7 82 88 8>

>3-R28 >6-R28 17-R-2> 17-R-20

81 84 8< 83 80 86 87

17-R-26 17-R21 17-R2< 17-R23 37-R-2> 37-R28 37-R21 37-R24

A\HD^E 1 R^EALDGJGLKTEQ DGN R^EALDGJGLKTE ^laurses Trgnuthrges. Qlrvgage hi Aektrgnuylktl ^ç`gjlk Qhkagekhterge ^lalpagñk dl Gkcerjhagñk dl Lktgdhdls ^lahudhderhs Lvhiuhagñk Eplrhtgvh dl Gk`rlse y Ql`ugjglkte ^lalpagñk dl Etres Gjpulstes hi Aeksuje Dlveiuagekls y/e Aejplkshagekls. Ketgcgahagñk dl Hates Hdjgkgstrhtgves  Hslserêh Ourêdgah Trgnuthrgh Trgnuthrgh.. @lstgñk y Jhktlkgjglkte dli Qgstljh dl Gkcerjhagñk Trgnuthrgh ^lpertl dl Gkcerjhagñk dl Aulkth Aerrglktl Aektrgnuylktls Aektrei y Ql`ugjglkte dl ih @lklrhagñk l Gkaerperhagñk dl Hates Ecgaghils hi Qgstljh dl Gkcerjhagñk @lklrhagñk dl Cerjhtes Cêsgaes y Lilatrñkgaes Qhklhjglkte y Dgspesgagñk dl ih Gkcerjhagñk Gkcerjhagñk Trgnuthrgh Gksargpagñk Gksargpag ñk y Kevldhdls lk li ^l`gstre dl Gkcerjhagñk Gkcerjhagñk Trgnuthrgh ^gt Dltlrjgkhagñk dl Gjpulstes h ih Rreduaagñk y hi Aeksuje Dltlrjgkhagñk dl Gjpulstes h ih Rrepgldhd @lstgñk dl Aenre  Hdjgkgstrhagñk  Hdjgkgstrhagñk dl Terkh`uêhs Terkh`uêhs

Culktl? Gktrhklt QDF 4 Gktrhklt.QDF.`ev.ae

8>

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 11.>.>.> Fhiihz`e Hdjgkgstrhtgve ^lvgshde li cerjhte AN-2424? GKDGAHDE^LQ DL @LQTGEK, rlperthde per ih QDF lk ih Aulkth Hkuhi vg`lkagh >28>, sl lvgdlkagñ ie sg`uglktl? 8. Ih lktgdhd lk ih aulkth hkuh hkuhii seihjlktl rlperth uk gkdgahder, hsê? TGRE DL GKDGAHDE^? Lcgaglkagh. >. Li gkdgahder dl lcgaglkagh rlperthde, ke gdlktgcgah ih cñrjuih dli gkdgahder qul lvhiÿl li slrvgage prlsthde, sl igjgth h gkdgahr? ’ Tgljpe Tgljpe htlkagñk htlkagñk lk vlkagjglkte‚.  vlkagjglkte‚. 

Ih lktgdhd ke rlperth lk ih aulkth gkdgahderls qul sgrvlk phrh lsthnilalr li ie`re y li aujpigjglkte dl ih jgsgñk, enoltgves, jlths, pre`rhjhs e peiêtgahs dl uk dltlrjgkhde prealse h ahr`e dl ih lktgdhd, sl igjgth h rl`gstrhr seihjlktl uke lk ih vg`lkagh >28>. Ie hktlrger, ke plrjgtl gdlktgcgahr ihs dgclrlkaghs lxgstlktls lktrl ies rlsuithdes pihklhdes y entlkgdes aeje nhsl phrh ihdltejh dl dlagsgekls, cgohraek li rujne higklhr ies lsculrzes fhagh ih aekslauagñk ihs jlths lsthnilagdhs li cgk dly ie`rhr li jloerhjglkte aektgkue dl ies slrvgages. Gkaujpiglkde li êtlj c) dli hrtêauie >¿ dl ih Ily 60 dl 8771. SHIE^HAGÑK DL IH ^LQR\LQTH? \kh vlz hkhigzhdh ih rlspulsth aejukgahdh pe perr ih lktgdhd, sl aekcg`urh li fhiihz`e hdjgkgstrhtgve aek li cgk dl qul ih lktgdhd dgsløl y rlpertl ies gkdgahderls dl `lstgñk. Rer ie thkte ih lktgdhd dlnl susargngr haagekls aerrlatgvhs phrh slr gkaiugdhs lk li Rihk dl Jloerhjglkte aekseigdhde.   81

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 11.>.1 Li Qunsgstljh dl Aektrei dl Lvhiuhagñk? Dl haulrde aek ies aejpeklktls y liljlktes gjpiljlkthdes, il plrjgtl h ih lktgdhd lvhiuhr li Qgstljh dl Aektrei Gktlrke, jldgr ies aektreils lsthnilagdes lk ies prealses, ih aekseigdhagñk dl haagekls dl jloerhjglkte klalshrghs phrh aerrl`gr ihs dlsvghagekls lkaektrhdhs lk li sgstljh y lk ih `lstgñk dl ihs eplrhagekls, `lklrhdhs lsths aeje aekslaulkagh dl ih hpigahagñk dl ies prealses dl hutelvhiuhagñk, lvhiuhagñk gkdlplkdglktl y dl ihs enslrvhagekls cerjhils prevlkglktls dli ñr`hke dl aektrei. Ih QDF fh vlkgde dlshrreiihkde hi gktlrger dl ih lktgdhd li Qgstljh Gktl`rhde dl @lstgñk, aekcerjhde per ies sg`uglktls Qgstljhs dl @lstgñk?  

Qgstljh dl @lstgñk dl Ahi Ahigdhd gdhd - Q@A Q@A,, nhshd nhshde e lk ihs Kerjhs GQE 7228?>226 y KTA@R 8222?>227.

   

Jedlie Lstèkdhr - JLAG, sl`ÿk Dlarlte dl >22223.  Hsê jgsje, sl lstè h ih lsplrh dli dlshrreiie dl ukh sl sl`ukdh `ukdh lthph lthph,, lk ih auhi sl gkaiugrèk ies sg`uglktls sgstljhs?  

Qgstljh dl @lstg @lstgñk ñk dl Ql`urgdhd dl ih GGkcerjhagñk kcerjhagñk - Q@QG.   Qgstljh dl Ql`urgdhd y Qhiud Eauphagekhi - Q&QE.   Qgstljh dl ^lspekshngigdhd Qeaghi - Q^Q.

Ih pè`gkh dl ih QDF lk aujpigjglkte dl ie lsthnilagde lk li Dlarlte 108 dl >282 y ih A Agrauihr grauihr Ke. 221 dli 8> dl lklre dl >28> dl ih Slldurêh Dgstrgthi, pekl h dgspesgagñk dl ih agudhdhkêh ies pihkls dl jloerhjglkte susargtes aek li lktl dl aektrei y ies pihkls dl jloerhjglkte preduate dl ihs Hudgterêhs Gktlrkhs dl @lstgñk, lvgdlkagèkdesl uk pihk dl jloerhjglkte susargte aek ih Ecgagkh dl Lolauagekls Cgsahils vg`lkagh >227, preduate dl ih lvhiuhagñk rlhigzhdh hi tljh dl aenre aehatgve dl ihs harllkaghs ke trgnuthrghs h chver dl ihs lktgdhdls qul fhalk phrtl dl ih Hdjgkgstrhagñk Alktrhi, pihk qul prlslkth haagekls aerrlatgvhs 84

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 11227, clafh cgkhi? 18/8>/>282, 12/8>/>288, 12/23/>28>. Dl ih lvhiuhagñk hi Qgstljh dl Aektrei Gktlrke, lclatuhdh phrh dltlrjgkhr ih ahigdhd dli sgstljh, li kgvli dl aekcghkzh y sg sus aejpeklktls y liljlktes ie fhalk lcgahz y lcgaglktl lk li aujpigjglkte dl ies enoltgves dl ih lktgdhd, lste lk li lktlkdgde dl qul ke nhsth aek deaujlkthr ih gjpiljlkthagñk dl ahdh liljlkte, sgke qul hdljès sl fhal klalshrge `hrhktgzhr qul dgafes liljlktes lstçk eplrhkde y qul slhk sestlkgnils lk li tgljpe= sl aekaiuyñ qul li Qgstljh dl Aektrei Gktlrke lk ih Dgrlaagñk Dgstrgthi dl Gjpulstes dl Ne`etè y ih Qundgrlaagñk dli Gjpulste h ih Rreduaagñk y hi Aeksuje entuve ukh ahigcgahagñk dl 1.3> rl`uihr, ungaèkdeih lk uk rhk`e peralktuhi dl jldghke rgls`e aejprlkdgde lktrl li % h 0 1.14 1.81 1.62 1.03 1.62 1.72 1.227, li Aekaloe dl Ne`etè lk use dl sus htrgnuagekls il`hilsjldgdhs y lsplaghils qul il fhk sgde aekclrgdhs, li Haulrde 177 qul hdepth dl sgjpigcgahagñk trgnuthrgh lk lilxpgdl Dgstrgte Ahpgthi, cusgekhkde ies gjpulstes dl Cekde dl Renrls y Hzhr y Lsplatèauies Rÿnigaes lk uke seie nhoe ih dlkejgkhagñk dl Gjpulste \kgcgahde dl Cekde dl Renrls, Hzhr y Lsp spl lat atèa èau uies, d laihrhde y p h`hde p er p lrsek hs kht ur hil hilss e our êdgahs q ul rlhigzhslk lsplatèauies pÿnigaes lk ih ourgsdgaagñk dli Dgstrgte Ahpgthi, d l j hkl r h p lr j hkl k t l u e ahs ahsge ge k hi, hs hsêê aaej eje, e, hp hpul ulst sths hs sen senrl tted edh h aaih ihsl sl dl  oul`es plrjgtgdes, rgchs, aekaurses y sgjgihrls y vlkth per li sgstljh dl aiunls dl >22>.   Hsê jgsje, li Haulrde fhal rlclrlkagh h ih prlslkthagñk dl pñigzhs phrh >22>. `hrhktgzhr li ph`e dl ies gjpulstes, hatuhagekls qul ke sl vlk rlcilohdhs lk ih `lstgñk dl ih lktgdhd lk ies prealses dl cgsahigzhagñk y aenre dl ihs enig`hagekls trgnuthrghs h ahr`e dl ies suoltes phsgves dli gjpulste lk jlkagñk.

H Ke. >3H-82 RNV 11227 y vg vg`lkaghs `lkaghs >282 h >28>, hsal hsalkdgñ kdgñ h ih sujh dl $7.002.776.28> crlktl hi >288 lk $1.721.4>1.3 dl >288, hate hdjgkgstrhtgve qul dlre`h lk ie qul rlsplath h ies lsplatèauies pÿnigaes dl ihs hrtls lsaçkgahs lk liih dlcgkgdes, li gjpulste h ies lsplatèauies pÿnigaes, dl qul trhth li kujlrhi 8 dli hrtêauie 0² dl ih Ily 8> dl 871>, li igtlrhi h) dli hrtêauie 1² dl ih Ily 11 dl 8736 y ihs kerjhs qul ies dlshrreiihk, g`uhijlktl, dlre`h lk ie qul rlsplath h dgafes lsplatèauies pÿnigaes dl ihs hrtls lsaçkgahs, li gjpulste hi dlpertl dl qul trhth li hrtêauie 00 dl ih Ily 868 dl 877< y ihs dljès dgspesgagekls rlihagekhdhs aek lstl gjpulste, hsê aeje li hrtêauie >² dl ih Ily 12 dl 8708. Lk ie qul rlsplath h dgafes lsplatèauies pÿnigaes dl ihs hrtls lsaçkgahs dlre`h li gjpulste dli cekde dl penrls hutergzhde per Haulrde 177 dl >2273. Aejperthjglkte dli rlahude dl hktgagpe vg`lkaghs >227 h >28>, qul sl enslrvh lk li sg`uglktl auhdre?

>227 80.227->28> Agcrhs lk plses >282 >288 >28> TETHI 281

Ily 8471 lxpldgdh aek li enolte dl rlaekealr, cerjhigzhr, cejlkthr y rl`uihr ih gkdustrgh dli lsplatèauie pÿnigae dl ihs hrtls lsaçkgahs, hatgvgdhdls lsths ke suolths dli Gjpulste dl Hzhr y Lsplatèauies, li Gjpulste \kgcgahde dl Cekde dl Renrls, Hzhr y Lsplatèauies dli Dgstrgte Ahpgthi y li Gjpulste dl Lsplatèauies Rÿnigaes aek dlstgke hi dlpertl, ies auhils sg`ulk vg`lktls phrh etre tgpe dl lvlktes y hatgvgdhdls dgclrlktls h ies lsplatèauies pÿnigaes dl ihs hrtls lsaçkgahs. Ily qul il ligjgkh h ihs hiahidêhs jukgagphils y dgstrgthils ih hutergzhagñk dl rlhigzhr li aenre dl ies gjpulstes dlre`hdes   lk ie qul rlsplath h ies lsplatèauies pÿnigaes dl ihs hrtls lsaçkgahs.

3 Ily

8471 dl dgagljnrl >3 dl >288 80

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 11227, tedhs ihs eplrhagekls rlihagekhdhs aek li rlahude, hdjgkgstrhagñk y `gre dl ies rlaurses per aekalpte dl Gjpulste \kgcgahde dl Cekde dl Renrls, Hzhr y Lsplatèauies, sl rlhigzhnhk h trhvçs dl ih QDF. ^laurses `grhdes per ih Qlarlthrêh h ih Qlarlthrêh dl Gktl`rhagñk Qeaghi y Qlarlthrêh Dgstrgthi dl Auiturh ^larlhagñk y Dlpertl. Li rlahude per trhsclrlkagh rlhigzhdhs per li Jgkgstlrge dl Auiturh h ih QDF, per aekalpte dl ih aektrgnuagñk phrhcgsahi dl ies lsplatèauies pÿnigaes dl hrtls lsaçkgahs vg`lkaghs >28>, >281, cul li sg`uglktl?

86

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 116/88/>28> Qhide gkgaghi $1.686.68>.4>1 24/8>/>28> Arçdgte per vhier dl $04.4>8.112 >3/8>/>28> Arçdgte per vhier dl $>30.>33.40< 28/>281 Qgk ph`es (arçdgtes) 8/>281 Arçdgte per vhier dl $8.321.282.484 >3/21/>281 Arçdgte per vhier dl $>.012.83< 12/24/>281 Arçdgte per vhier dl $03>.807.3281LL8>7< dl >281

Li tethi dl ies ph`es (arçdgtes) rlhigzhdes lk ies plrgedes aejprlkdgdes lktrl kevgljnrl >6 dl >28> h j jhye hye 18 dl >281, aerrlspekdl h $0.03>>.1288, pedêhk peklrsl hi dêh dlaihrhkde y ph`hkde ies gjpulstes dl dgafe høe, sgk shkagekls kg gktlrlsls, h jès thrdhr dlktre dl ies trls jlsls sg`uglktls h ih prejui`hagñk dl ih ily, `ezhkde dli jgsje nlklcgage dl aujpigjglkte, ls dlagr fhsth li dêh >3 dl jhrze dl >28>. Ke ensthktl, dl haulrde aek li ecgage dl rlspulsth >281LL838868 dli 7 dl ouige, rljgtgde per ih QDF h ih seigagtud dl gkcerjhagñk rlhigzhdh per li lktl dl aektrei, ke sl lvgdlkagh qul hi`ÿk aektrgnuylktl sl fhyh hae`gde hi nlklcgage dl ih ily dl hjkgstêh, ih lktgdhd rlihagekh lk ih gkcerjhagñk hiil`hdh, des (>) plrsekhs  ourêdgahs qul sl`ÿk ih i h hdjgkgstrhagñk sl hae`glrek hi nlklcgage, enslrvèkdesl enslr vèkdesl qul lstes aerrlspekdlk ls h prealses dl ljpihzhjglkte hdlihkthdes per ih DDG lk jhye y ouige dl >28>, aeje sl enslrvh lk li sg`uglktl auhdre? A\HD^E 0 ^LAH\DE >28>

Agcrhs lk plses  AEKT^GN\WLKTL DEPKTEPK 0>0 ITDH.

KGT 612.8128>LL820 dli 20 dl jhye dl >28>

JLQ GGJR\LQTE JR\LQTE Rlrgedes 4,  Hzhr y 3, 0 W 6 dl Lsplatèauie >227

87

www.aektrhierghne`eth.`ev.ae  www.aektrhierghne`eth.`ev.ae  Arh. 1>H Ke. >3H-82 RNV 118.76

LJRIH_HJGLKTE >28>LL87841> dli >4 dl ouige dl >28>

JLQ Rlrgedes 82 y 88 dl >227

Culktl? >281LL838868 dli 7 dl ouige

GGJR\LQTE JR\LQTE \kgcgahde dl Cekde dl penrls y  Hzhr

^LAH\DE $8.137.03>.222

Lsthnilal li Hrtêauie 84 dl ih agthdh ily qul ih hdjgkgstrhagñk y shkagekls dl ih aektrgnuagñk phrhcgsahi slrèk ies aektljpihdes lk li Lsthtute Trgnuthrge phrh li gjpulste senrl ihs vlkths. H Hsê sê jgsj jgsje, e, dltlrjgkh ih ily qul ih Dgrlaagñk dl Gjpulstes y Hduhkhs Khagekhils, DGHK, ls ih gksthkagh aejpltlktl phrh lclatuhr ih cgsahigzhagñk, ies prealses dl dltlrjgkhagñk, hpigahagñk dl shkagekls y ih rlseiuagñk dl ies rlaurses l gjpu`khagekls h dgafes hates, hsê aeje phrh li aenre aehatgve dl ih aektrgnuagñk phrhcgsahi, gktlrlsls y shkagekls hpigahkde ies prealdgjglktes prlvgstes lk li Lsthtute Trgnuthrge. ^lspekshngigdhd qul lrh hsujgde per ih Dgrlaagñk Dgstrgthi dl Gjpulstes dl Ne`etè. Dl haulrde aek ih gkcerjhagñk rlperthdh per ih QDF lk ies ecgages >281LL8>7< y >281LL838868, ih lktgdhd prlslkth li sg`uglktl aejperthjglkte dli rlahude crlktl h ih kerjhtgvgdhd agthdh dli Gjpulste Hzhr y Lsplatèauies vg`lkaghs >220, >226, slptgljnrl slptgljnrl dl >227 y rlahude dli Gj Gjpulste pulste \kgcgahde Cekde dl Renrls,  Hzhr y Lsplatèauies ÿitgje trgjlstrl dl >227 y vg`lkaghs >282, >288 y >28>, hsê? A\HD^E 6 AEJRE^THJGLKTE DLI ^LAH\DE DLI GJR\LQTE SG@LKAGHQ >220- >28>

Agcrhs lk plses  GJR\LQTE  H_H^ W LQRLATHA\IEQ

>220 3.012.203.222

>226 04.282

>288

>28>

>38.>41.222

TETHI 8>.>36.642

>.7>>.187.222

87.216.03H-82 RNV 11281LL8>7