Dubai Personalised Number Plate Auction
A distinctive number plate honouring UAE Founding Father Sheikh Zayed will be auctioned off by Dubai's Roads and Transport Authority as part of its Year of Zayed initiatives this year.
Proceeds from the sale of plate Z 1971 will be donated to the RTA Foundation.
The initiative is one 20 endorsed by RTA’s Director General Mattar Al Tayer to mark the Year of Zayed.
“These initiatives comprise three key drivers: Landmark Achievements of Sheikh Zayed, Commemorating Sheikh Zayed Anniversary, and Boosting the National Identity,” said Mr Al Tayer.
“The external initiatives include holding a temporary mobile exhibition in RTA’s premises to spotlight the key events and achievements of Sheikh Zayed and dedicating the proceeds of the distinctive number plate (Z 1971) to RTA Foundation,” he said.
Some of the other RTA initiatives include supporting the improvement of infrastructure in developing countries in collaboration with the International Humanitarian City, broadening the scope of the Tamkeen initiative of RTA Foundation to include other emirates, upgrading the Meals-on Wheels initiative, making a special edition of NOL public transportation card, and decorating customer service centers with portraits and axioms of Sheikh Zayed.
The Roads and Transport Authority (RTA) will put up a distinctive number plate for sale that commemorates both the founding of the UAE and its founder. The number plate, Z-1971, honours the federal unification year of the UAE (1971) and the late Sheikh Zayed bin Sultan Al Nahyan (Z).
This initiative is one of the 20 endorsed by the RTA to mark the Year of Zayed. The move is in response to the directives of the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, declaring 2018 as the Year of Zayed.
The RTA's initiatives comprise three key drivers: Landmark achievements of Sheikh Zayed, Commemorating Sheikh Zayed Anniversary and boosting the national identity.
"The Year of Zayed is a huge step towards introducing the next generations to the legacy of the late Sheikh Zayed bin Sultan Al Nahyan in shaping and enriching our beloved nation. It offers us lessons and conclusions to continue building our growing nation," said Mattar Al Tayer, director-general and chairman of the board of executive directors of the RTA."
Initiatives include holding a temporary mobile exhibition in RTA's premises to spotlight the key events and achievements of Sheikh Zayed in collaboration with the International Humanitarian City, and broadening the scope of the Tamkeen initiative of RTA Foundation to include other emirates.
They also include upgrading the meals-on-wheels initiative; making a special edition of NOL Card, and decorating customer service centres with portraits and sayings of Sheikh Zayed. Initiatives also include reviving school notebooks bearing Sheikh Zayed images and distributing them to schools in support of education.
The internal initiatives of the Year of Zayed include broadcasting key achievements and mottos of Sheikh Zayed to the RTA employees through social media channels, launching internal monthly competitions for employees, and holding an internal exhibition to showcase Sheikh Zayed achievements during the National Day celebrations.
They also include organising visits for employees to museums and historical areas to introduce them to the history of the UAE and dedicating a day for RTA leaders to practise hobbies and practices cherished by Sheikh Zayed such as agriculture and horse riding among others.
Other activities include dedicating monthly pages in RTA's Al Masar magazine, publishing special publications about Sheikh Zayed for distribution with Salama Magazine to children and students, and distributing the logo of Year of Zayed to RTA employees.
Millionaire businessmen are exploiting weaknesses in the bankruptcy system to keep their assets and enjoy lavish lifestyles, an investigation has found.
An explosive probe by BBC Scotland has revealed some of the country's biggest bankrupts have been able to hold on to their wealth despite declaring themselves insolvent.
Among them is former boxing promoter and convicted fraudster Barry Hughes, who declared himself bankrupt in 2014 owing £10m and claiming he had no assets.
Hughes, 39, was filmed by the BBC team along with his wife driving a line of luxury cars worth half a million pounds.
In England and Wales the number of insolvencies has increased 10 per cent in the last 12 months, with the latest UK figures showing more than 20,000 people a year going bankrupt, owing hundreds of millions to creditors.
Former millionaire mining tycoon Graham Gillespie went bust with debts of £12.8 million in 2012 and failed to disclose multiple assets to creditors during his bankruptcy.
One asset being sought by his bankruptcy trustee to pay debts was an exclusive private registration plate - GG1 - worth £180,000.
Gillespie told the authorities he'd sold it to pay off a gambling debt. But just a few months ago the BBC filmed Gillespie, 60, at the plush Gleneagles Hotel in Perthshire driving a new Bentley - complete with GG1 licence plate.
The UK in particular has a relationship with personalised number plates. According to estimates by the DVLA (Driver and Vehicle Licensing Agency), the UK reported an excess of two billion pounds in tax revenue from tax auctions over the past 25 years. As they are keen to state, an expression of interest in a particular plate by three people or more is enough to push the price of that Reg plate through the roof. It has also been documented that the buyers let their hearts take control of their heads when they bid for these plates.
Personalised number plate auctions are constantly rewriting the record books with regard to the highest price paid for a plate. The record currently stands at £518,000 which is quite impressive. The prices of these Regplates does not seem to be slowing down either.
Of particular interest is the recent auction of the highly-hyped 250 C Reg plate which sold for £21,500. This is a clear indication that the expectations for the prices of personalised number plates will continue to increase.
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