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News U Wish To Read – 7 August 2017

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News U Wish to read - 6 August 2017

Energy

It’s a buyer’s market for LNG

The National

More liquefied natural gas (LNG) coming into the market will keep prices depressed despite an increase in demand from Asia, analysts said.

LNG producers are ramping up from Qatar to Australia and the United States, while Egypt is expected to emerge as a new export player.

Australia has increased its market share in the first half of the year to 20 per cent from 12 per cent last year, according to BMI Research, and  its exports are forecast to grow by 23 per cent over the financial year to the end of June, according to Australian energy advisory firm, EnergyQuest.

Published: 5 August 2017

Follow: https://www.thenational.ae/business/energy/it-s-a-buyer-s-market-for-lng-1.616942

Adnoc active on the debt front as it pushes ahead with transformation strategy

The National

The Abu Dhabi National Oil Company is studying a number of fund raising options at both group and asset level that will help unlock value and optimise the group’s balance sheet as it pushes ahead with its new approach to drive growth.

Adnoc is in discussions with banks for a club loan of approximately US$5 billion that will be used for ongoing corporate activities. It is also looking into financing options for select midstream infrastructure assets including potentially tapping debt capital markets via a bond issuance. Plans are at an early stage so the size and scope of any potential bond issuance has not been decided. The company said it has no intention to issue bonds at the holding or main operating company levels such as Adco, Adma-Opco and Zadco.

Published: 02 August 2017

Follow: https://www.thenational.ae/business/energy/adnoc-active-on-the-debt-front-as-it-pushes-ahead-with-transformation-strategy-1.616399

Total Ready to Make Acquisitions as Financial Strength Grows

Bloomberg

Total SA said it’s ready and able to make acquisitions and pursue growth, shrugging off uncertainties about oil prices as its financial position strengthens.

Europe’s second-largest oil and gas company has the firepower to buy up fields on the cheap and press ahead with new developments, taking advantage of lower levels of debt, rising profit and surging cash flow, according to a statement Thursday.

“Total has a stronger balance sheet,” Chief Executive Officer Patrick Pouyanne said as the company reported second-quarter earnings that beat expectations. “The group has the flexibility to take advantage of the low-cost environment by being able to launch profitable projects and acquire resources under attractive conditions.”

Published: 27 July 2017

Follow: https://www.bloomberg.com/news/articles/2017-07-27/total-ready-to-make-acquisitions-as-financial-strength-grows

Politics & Economy

Indian rupee to get stronger, NRIs should remit now

Khaleej Times

If you’re a non-resident Indian (NRI) and looking to remit a handsome amount back home or planning to buy a property or invest in any venture, the time is now.

Going by views of analysts and industry executives, the Indian currency is likely to strengthen further against the US dollar — thereby against the UAE dirham, because the Emirati currency is pegged to the greenback — in the wake of Reserve Bank of India’s (RBI) decision to cut interest rates last week, and may strengthen as much as 1.1 per cent.

Published: 7 August 2017

Follow: http://www.khaleejtimes.com/business/economy/indian-rupee-to-get-stronger-nris-should-remit-now

Looking for a job in UAE? Here’s the salary guide

Khaleej Times

Starting salaries for professional roles in finance and accounting, financial services, technology and administration in the UAE will grow by 2.5 per cent over the next year, according to the Robert Half 2017 Salary Guide.

The guide is the most comprehensive and authoritative resource on starting salaries and recruitment trends in finance and accounting, financial services, IT, legal, and HR and administration. The Salary Guide enables employers and employees to benchmark salaries for over 185 different permanent professional roles in the UAE.

According to the survey, competition for the best candidates is heating up in the UAE with 68 per cent of employers planning to attract new employees in 2017 and on an average, pay scales could increase by up to 5.8 per cent in comparison to 2016.

Published: 6 August 2017

Follow: http://www.khaleejtimes.com/news/general/looking-for-a-job-in-uae-heres-the-salary-guide

Community, Environment & Society

Year 2018 to celebrate Zayed’s vision

Gulf News

Abu Dhabi: President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has declared 2018 the “Year of Zayed” in the United Arab Emirates.

The year 2018 marks 100 years since the birth of the late founding father Shaikh Zayed Bin Sultan Al Nahyan, and yesterday’s announcement is coinciding with the anniversary of Shaikh Zayed’s Accession Day, the day he assumed leadership in Abu Dhabi on August 6, 1966, marking the start of a new epoch in the history of the country.

Published: 6 August 2017

Follow: http://gulfnews.com/news/uae/government/year-2018-to-celebrate-zayed-s-vision-1.2069463

Apply for UAE visa from comfort of your own home

Gulf News

You can now, from the comfort of your home, complete applications related to nationality, and residence, without having to visit typing offices or customer service centres.The Ministry of the Interior on Tuesday launched “E-channels”, a new system of smart services that lets nationals and residents apply for entry permits and residency visas within 10 minutes.

Published: 01st August 2017

Follow:http://gulfnews.com/news/uae/government/apply-for-uae-visa-from-comfort-of-your-own-home-1.2067647

Thousands of road-safety breaches by lorry drivers leads to police campaign

The National

More than 30,000 fines have been issued to lorry drivers in Dubai in the first six months of this year alone for not abiding by road safety rules.

Police on Tuesday launched a one-month lorry driver safety campaign in a bid to reduce the number serious accidents and deaths involving heavy-goods vehicles. So far this year there have been 14 serious accidents and 15 deaths involving HGVs on Dubai roads.

Published: 01 August 2017

Follow: https://www.thenational.ae/uae/transport/thousands-of-road-safety-breaches-by-lorry-drivers-leads-to-police-campaign-1.616104

Don’t come on visit visas for job hunting, Indians told

Gulf News

Indian Consulate asks expatriates to verify job offers and visas before arriving in the UAE. Indian jobseekers should not come to the UAE on visit visas and must authenticate their employment offers and entry permit visas before heading to the UAE, the Indian Consulate in Dubai has said. The advisory from the mission follows high numbers of calls and visits by Indian workers who have been duped by agents or employers on a regular basis. “We have got several cases of people falling into trouble when they come for employment or for looking for employment on visit visas. There are also cases of women being forced to work as maids etc by dubious agents who get them to the UAE on visit visas as well as sending them to Oman and other countries.”

Published: 02 August 2017

Follow: http://gulfnews.com/news/uae/society/don-t-come-on-visit-visas-for-job-hunting-indians-told-1.2067777

Technology

iPhones, Facebook and internet are sucking our time and making us miserable

AFR.COM

In a past life, we served on our local council. Despite the impressive size of our gross budget, our free choice in spending was remarkably limited.

By the time our road grants were spent on roads, child care funding on child care, the indoor and outdoor staff paid and the rubbish collected, funds for truly discretionary spending were tight. According to Associate Professor Adam Alter, a psychologist at New York University, the days of our lives are just like that.

Published: 4 August 2017

Follow: http://www.afr.com/technology/mobiles-and-tablets/iphones-facebook-and-a-neverending-internet-are-sucking-our-time-and-making-us-miserable-20170803-gxom8o

Sports


Gatlin spoils Bolt’s farewell in 100m with remarkable gold

Khaleej Times

Usain Bolt was no longer stunning. He was just stunned.

At the end of a career in which he has dominated his sport for a decade, Bolt was beaten in his final 100-meter race by an American almost five years his senior – Justin Gatlin.

Calling it quits at the age of 30 and looking for a golden farewell in his last individual race at the world championships, Bolt lost to a man who produced a comeback not only on Saturday but also through a doping-tainted career.

Published: 6 August 2017

Follow: http://www.khaleejtimes.com/sport/athletics/gatlin-spoils-bolts-farewell-in-100m-with-remarkable-gold

 

News U Wish to Read – 31 July 2017

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News U Wish to read - 31 July 2017Energy

Oil rises ahead of oil leaders’ meeting in Abu Dhabi

The National

Oil rose on Monday, putting July on track to become the strongest month this year, as news of a producers’ technical meeting next week added to bullish sentiment driven by the threat of US sanctions against the Opec member Venezuela.

Oil traders also eyed the bullish impact from a production outage following a fire at Europe’s largest refinery and further signs that the US market is tightening after heavy inventory falls and slower new oil rig additions last week.

Published: 31st July 2017

Follow: https://www.thenational.ae/business/oil-rises-ahead-of-oil-leaders-meeting-in-abu-dhabi-1.615697

#TheNational #OilandGas #AbuDhabi

Dubai Ruler and Sheikh Mohammed visit Adnoc headquarters – in pictures

The National

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, on Sunday visited the Abu Dhabi Natiinal Oil Company headquarters.

Their Highnesses expressed their pride in those in the UAE who adopted the values of leadership, excellence and innovation to promote the country’s international competitiveness.

They also stressed the importance of maintaining economic diversity based on the UAE’s strengths and experiences, especially in essential sectors such as energy.

Published: 30th July 2017

Follow: https://www.thenational.ae/uae/dubai-ruler-and-sheikh-mohammed-visit-adnoc-headquarters-in-pictures-1.615544

#ADNOC  #THENATIONAL

Adnoc charts strategic path that will strengthen links with global economy

The National

The Abu Dhabi National Oil Company is charting a course unlike many of its peers as it prepares to face a radically different energy future, said experts including Daniel Yergin yesterday. The company’s leadership made it clear in comments to The National on Monday that it will not be following the path that many national oil companies (NOCs) have – and which close neighbour Saudi Arabia plans – in selling off a piece of the parent company.

Published: 14th July 2017

Follow: https://www.thenational.ae/business/adnoc-charts-strategic-path-that-will-strengthen-links-with-global-economy-1.484108  

#ADNOC  #ECONOMY  #THENATIONAL

Adnoc on new expanded partnership approach

Gulf News

The Abu Dhabi National Oil Company (Adnoc) recently announced the expansion of its strategic partnership model, as well as the more active management of its portfolio of assets. Following the launch of a new initiative to expand its strategic partnership model, Dr. Sultan Ahmad Al Jaber, UAE Minister of State and Group CEO of Adnoc, met last week with both potential and existing partners in China and Japan. These discussions focused on the new partnership and co-investment opportunities created through Adnoc’s new approach, as well as the deepening of UAE bilateral relations with both countries.

Published: 22nd July 2017

Follow: http://gulfnews.com/business/sectors/energy/adnoc-on-new-expanded-partnership-approach-1.2062662

#ADNOC  #GULFNEWS

Sheikh Mohammed lauds Adnoc’s new approach

The National

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said Adnoc’s new strategic approach, which includes expanding the types of partnerships it forms and spinning off some of its services businesses, will help the economy meet its key fiscal and employment goals.

Published: 15th July 2017

Follow: http://www.thenational.ae/business/energy/energy-majors-see-emphasis-on-gas

#ADNOC  #THENATIONAL

Kuwait sees oil inventories falling faster as Opec keeps cutting

Gulf News

Crude oil inventories will decline at a faster pace worldwide in the second half of the year as demand increases and Opec members comply better with a global agreement to cut output, Kuwait’s Opec Governor Haitham Al Ghais said.

Published: 15th July 2017

Follow: http://gulfnews.com/business/sectors/energy/kuwait-sees-oil-inventories-falling-faster-as-opec-keeps-cutting-1.2059269

#OPEC #KUWAIT #GULFNEWS

Politics & Economy

UAE GDP to recover in 2018 on higher investments, global trade flows, says report

The National

The UAE economy will accelerate at a rate of 3.3 per cent in 2018, thanks to an increase in government investments, a rebound in world trade flows and an uptick in global tourism, according to a new report.

The forecast by consultancy Oxford Economics, in collaboration with accountancy and finance body ICAEW, is broadly in line with projections made earlier this month by  the IMF, which is predicting 3.4 per cent growth for next year.

Oxford Economics and ICAEW forecast that the UAE’s growth will slow this year to 1.7 per cent, a more bullish estimate than the IMF’s 1.3 per cent estimation. The country’s economy grew 3 per cent last year, according to the Central Bank.Published: 25th July 2017

Read more: https://www.thenational.ae/business/uae-gdp-to-recover-in-2018-on-higher-investments-global-trade-flows-says-report-1.614043

#THENATIONAL  #ECONOMY #UAE #GDP

Business environment and confidence in Dubai to pick up in Q3, a new survey shows

The National

Business confidence and conditions in Dubai are forecast to strengthen in the third quarter, with small and mediums-sized companies expressing more optimism than large corporations, according a survey from the Dubai Chamber of Commerce and Industry.

The growing confidence comes “in line with an increase in the number of new companies” expected to join the chamber in the third quarter, which is an indicator of business activity in the emirate, said Hamad Buamim, President and chief executive of Dubai Chamber.

Published: 25th July 2017

Read more: https://www.thenational.ae/business/business-environment-and-confidence-in-dubai-to-pick-up-in-q3-a-new-survey-shows-1.614162  

#THENATIONAL  #GDP

Etihad submits non-binding offer for Alitalia

The National

Etihad Airways has emerged as one of around 10 bidders interested in acquiring a partial or full stake in the Italian airline Alitalia, suggesting the Abu Dhabi-based carrier remains committed to its investment in the troubled airline.  The non-binding bid, submitted ahead of a deadline on Friday, also suggests that Etihad may not be ready to reverse course on its international investment strategy, despite last week selling off its stake in Switzerland’s Darwin Airline following a strategic review launched last year.

Published: 22nd July 2017

Read more: https://www.thenational.ae/business/aviation/etihad-submits-non-binding-offer-for-alitalia-1.613209

#THENATIONAL #ETIHAD #ALITALIA

France aims to be ‘facilitator’ in Gulf crisis talks

Gulf News

DOHA: French Foreign Minister Jean-Yves Le Drian said in Doha on Saturday that Paris wants to assist Kuwait-led mediation talks on the crisis between Qatar and four other Arab states. “France should be a facilitator in the mediation” led by Kuwait, Le Drian told reporters following talks with his Qatari counterpart Shaikh Mohammad Bin Abdul Rahman Al Thani.

Published: 15th July 2017.

Read more: http://gulfnews.com/news/gulf/qatar/france-aims-to-be-facilitator-in-gulf-crisis-talks-1.2059346

#GULFNEWS #UAE

UAE wants resolution, not alleviation of Qatar problem

The National

The UAE said efforts to ease tensions rather than directly address the problem between Qatar and the Arab countries isolating it will only lead to worse crises in future. “We believe that there are two ways of dealing with things, whether to try and ease tension or try to address a problem,” Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Cooperation, said on Thursday. “We do not believe that an attempt to ease the tension will address the matter, but will lead to delaying the problem, which will lead to a doubling of the situation in the future.”

Published: 13th July 2017.

Read more: https://www.thenational.ae/world/gcc/uae-wants-resolution-not-alleviation-of-qatar-problem-1.568763  

#THENATIONAL

Community, Environment & Society

Get ready for 80% humidity in UAE

Gulf News

The weather across the UAE is expected to get stickier as humidity levels are expected to rise by Monday night and into Tuesday morning.

The National Centre of Meteorology and Seismology (NCMS) said the weather will become “very hot and hazy” over the next two days, especially over coastal areas.

The highest temperature recorded on Sunday was 51.8 degrees Celsius in Mezaira, at 3pm.

Temperatures on Monday are expected to reach 44C in coastal areas and 47C in internal areas, with humidity levels to reach up to 80 per cent.

Published: 31st July 2017.

Read more: http://gulfnews.com/news/uae/weather/get-ready-for-80-humidity-in-uae-1.2066646

#GULFNEWS #ENVIRONMENT #TEMPERATURE

Oman announces E-visa for international tourists

Gulf News

Tourists planning to visit Oman can apply online for visas by submitting their applications at https://evisa.rop.gov.om/. The first stage comprises non-sponsored tourist visas for people from 67 countries as well as GCC residents employed in 116 professions

Published: 26th July 2017.

Read more: http://gulfnews.com/news/gulf/oman/oman-announces-e-visa-for-international-tourists-1.2064527

#GULFNEWS  #OMAN #VISA

Ras Al Khaimah Fine Arts Festival puts call out for artist submissions

The National

The Annual Ras Al Khaimah Fine Arts Festival has announced submission dates for this year’s competition.  Entries will be taken from August 20 and close on October 20, 2017 in four categories, film, photography, visual arts, and student work. New this year, there is a recycled art sub-category within Visual Arts, where participants are required to use recyclable materials from Ras Al Khaimah, or focus on the story of recycling in order to enter.

Published: 23rd July 2017.

Read more: https://www.thenational.ae/arts-culture/art/ras-al-khaimah-fine-arts-festival-puts-call-out-for-artist-submissions-1.613321

#THENATIONAL  #RASALKHAIMAH #ARTSFESTIVAL

Drivers welcome move to buckle up in the back seat

The National

UAE residents have welcomed the introduction of new traffic laws that fine anyone without a seatbelt on in the back of a car and are pleased to hear it’s being enforced.  Any back-seat passenger seen by police without a seatbelt on could end up landing their driver with a Dh400 fine and four black points, and children under 4 must be in a child car seat. Before July 1 the law only dictated that people in the front seats must buckle up.

Published: 15th July 2017

Read more: https://www.thenational.ae/uae/drivers-welcome-move-to-buckle-up-in-the-back-seat-1.609055

#THENATIONAL  #ROADSAFETY #BUCKLEUP

Dubai to host conference on sustainability, green technologies

WAM

The key challenges facing the environment will be the underlying theme at the 19th edition of the Water, Energy,Technology and Environment Exhibition to be organised in Dubai on October 23rd-25th.The event, organised by Dubai Electricity and Water Authority, DEWA, for the 4th year running, will shed extensive light on the headwinds facing the water, energy and environment sectors in the region, with the participants to seek to come up with innovative eco-friendly solutions that support economic growth while preserving natural resources and protecting the environment.

Published: 04th July 2017

Read more: http://wam.ae/en/details/1395302621501

#WAM  #SUSTAINABILITY #ENVIRONMENT #WETEX

Sports


Sebastian Vettel overcomes steering problem to win Hungarian GP

Gulf News

Ferrari’s Sebastian Vettel overcame steering difficulties to win a tense Hungarian Grand Prix on Sunday and extend his championship lead over rival Lewis Hamilton to 14 points heading into the summer break.The four-time Formula One champion made a decent start from pole position, crucially holding off teammate Kimi Raikkonen on the long straight into Turn 1.

Published: 30th July 2017

Read more: http://gulfnews.com/sport/motorsport/sebastian-vettel-overcomes-steering-problem-to-win-hungarian-gp-1.2066579

#GULFNEWS #F1  #SEBASTIANVETTEL

 

News U Wish to Read – 19 July 2017

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News U Wish to read  - 19 July 2017.jpg

Wednesday, 19th July 2017

Energy/Business

 World’s first commercial-scale floating offshore wind farm on its way to Scotland

Wam

The first of five turbines for the Hywind Scotland commercial-scale floating offshore wind farm has now sailed away from Stord in Norway to its final destination, Buchan Deep, 25 km east of Peterhead in Scotland. Masdar, Abu Dhabi’s renewable energy company, announced that it had acquired a 25% stake in the Hywind Scotland project during Abu Dhabi Sustainability Week in January. All five turbines were successfully assembled outside Stord, Norway this summer. Now they are being individually towed to Scottish waters. Each turbine journey takes 4 days of sailing across the North Sea. On arrival, work immediately starts to install anchor lines and to perform hook-up operations, taking 2-3 days per turbine. Turbine installation is scheduled to be finished by the end of August.

Published: 19th July 2017

Follow: http://wam.ae/en/details/1395302623951

Leading Dubai banks post strong set of first-half results

Gulf News

Cost control and lower provisions support operating performances.  Leading Dubai banks such as Emirates NBD (ENBD), Emirates Islamic (EI) and Dubai Islamic Bank (DIB) posted their first-half results on Wednesday, reporting strong operating performances supported by declines in costs, lower provisions and improved margins.

Published: 19th July 2017

Follow: http://gulfnews.com/business/sectors/banking/leading-dubai-banks-post-strong-set-of-first-half-results-1.2061590

Politics & Economy

Why alternative assets may become the ‘new normal’

The National

When it comes to investment strategies, we are all aware that past performance is no guide to future returns. But it’s easy to forget that the same applies to asset classes. Most of us have rules of thumb as to the typical returns that particular markets provide. But we need to acknowledge that future returns from those assets may be very different. In the years ahead, equities and bonds will still be vital to many investors’ portfolios. But traditional 60:40 equity/bond allocations are unlikely to fare well. That model worked well when government bonds produced a 6 per cent return, but it won’t work when returns are just 1 per cent. Instead, combining equities with a diversified mix of higher-return alternative assets should offer investors better outcomes in the ‘new normal’ of low rates and slowing growth.

Published: 19th July 2017

Follow: https://www.thenational.ae/business/money/why-alternative-assets-may-become-the-new-normal-1.610337

Community, Environment & Society

Lubna Al Qasimi tops Forbes list of 10 most successful women in government sector

Wam

The UAE topped the list of countries with most powerful Arab women in 2017 with 18 of its citizens making it to the list, according to Forbes Middle East in its July edition.The UAE was followed by Egypt with 16 women, Lebanon with 12 women, and Kuwait and Saudi Arabia with 10 and nine women, respectively. The list included two sub-lists, ‘The 100 most powerful Arab businesswomen’, which was headed by Lubna Al Olayan, CEO of Olayan Finance Group, who is managing multi-billion dollar investments in the Middle East, followed by Lobna Hilal, Deputy Governor of the Central Bank of Egypt, and Rajaa Al Garg, administrative director of Issa Saleh group, in the third place. Sheikha Lubna bint Khalid Al Qasimi, Minister of State for Tolerance, led the second sub-list of most powerful 10 women in the government sector, followed by Sahar Nasr, Minister of Investment and International Cooperation in Egypt, who signed three agreements worth US$227.9 million in a range of fields with German Minister of Development, and Ghada Wali, Minister of Social Solidarity in Egypt, in the third place.

Published: 18th July 2017.

Read more: http://wam.ae/en/details/1395302623768

Abu Dhabi Art announces line-up of galleries participating in 2017

WAM

Organised by Abu Dhabi Tourism Culture Authority, TCA Abu Dhabi, Abu Dhabi Art 2017 will return this November with 48 established and emerging galleries from 18 different countries, offering works by a diverse range of globally celebrated and up and coming artists.  Running from November 8th – 11th, the fair will feature galleries from Europe, Asia, North America and the Middle East, and will see the introduction of a new curated section by Dr. Omar Kholeif entitled, ‘Focus: Beyond Territory’, exploring the concepts of formal, social and economic landscapes. Curated by Dr. Kholeif, the Manilow Senior Curator and Director of Global Initiatives at the Museum of Contemporary Art Chicago, the ninth edition of Abu Dhabi Art will introduce a group of inter-generational artists and major projects from both emerging and leading galleries to a Middle Eastern audience for the first time. Established and emerging galleries will offer visitors a selection of exceptional artworks from the modern era, as well as contemporary works by leading artists. Abu Dhabi Art has also introduced a new category for 2017 entitled ‘Solo Projects’, encouraging participating galleries to focus on a curated presentation of a single artist.

Published: 19th July  2017

Read more: http://wam.ae/en/details/1395302623864

Telangana puts cap on school bag weight

The Hindu

A GO has has banned homework for children in primary classes.

Acting on proposals submitted by the Commissioner and Director of School Education, the Telangana School Education Department on Tuesday issued strict guidelines to reduce the weight of school bags for children in the State. Schools including aided and un-aided private schools have to follow guidelines, according to the GO.  Terming the weight of the school bags as a serious threat to the health and well being of the students in primary, upper primary and high schools, the guidelines limit the number of books and notebooks students bring to the classroom. It shifts the onus on school officials to supervise the implementation of the steps.

Published: 19th July 2017

Read more: http://www.thehindu.com/news/cities/Hyderabad/go-puts-cap-on-school-bag-weight/article19303752.ece?homepage=true

Readers are our mirrors

The Hindu

Last week, a score and five senior journalists and editors from across South Asia were in Kathmandu for two different events. One was on borders and the other was on labour migration. The journalists were from different platforms: print, radio, television and online. But they were curious about the efficacy of news ombudsmen in this region. They wanted to know about The Hindu’s decade-long experience in having an independent news ombudsman. The idea of an Open House between readers and the senior editorial team of this newspaper flows from this unfailing faith in oral tradition. The physical presence of readers amidst the editorial staff becomes a silo-breaker. The fifth Open House is scheduled in Delhi this weekend. The warmth in this dialogue can never be captured by any innovation of Silicon Valley.  Readers are our mirrors and we invite them so that we can look at ourselves in them.

Published: 17th July 2017

Read more: http://www.thehindu.com/opinion/Readers-Editor/readers-are-our-mirrors/article19290117.ece?homepage=true

Technology

Google back in the news feed game

The National

Years ago, Google built a social network separate from its prized asset, Web search.

The effort failed. Now the company is trying again – only this time it is turning its search engine into something that looks a lot like the news feed of a social network. The Alphabet unit is introducing a tailored feed of news, entertainment and myriad web content based on users’ searches, YouTube video views and other personal information. It is an expansion of an older mobile service called Google Now. Yet some new bells and whistles – information from local trends and an ability to “follow” public figures, for instance – give Google’s search feed a similar feel to the algorithmic stream of Facebook’s News Feed. That feature has helped Facebook to capture online attention like few other companies.

Published: 19th July 2017

Read more: https://www.thenational.ae/business/technology/google-back-in-the-news-feed-game-1.610416

Sports

A gold and three bronze medals for Indian judokas at Commonwealth Youth Games

Times of India

Indian junior judokas won a gold and three bronze medals in the ongoing Commonwealth Youth Games being held in Nassau, Bahamas.

Soni of Haryana won the gold medal in the below 73Kg Weight Category, after beating Nikolic Uros of Australia in the final bout, while Ashish won a bronze in the below 60Kg weight category, defeating Zain Prosser Harry of England in bronze medal bout.Published: 19th July 2017. Antim Yadav of Madhya Pradesh won a bronze in the below 48Kg weight category, surpassing Russell Jasmine of Bahamas in the repechage bout.

Manipur’s Rebina Devi Chanam also won a bronze medal in the below 57Kg Weight category after getting the better of Saskia of Australia.

Read more: http://timesofindia.indiatimes.com/sports/more-sports/others/a-gold-and-three-bronze-medals-for-indian-judokas-at-commonwealth-youth-games/articleshow/59665118.cms

 

News U Wish to Read – 18 July 2017

Posted on

News U Wish to read - 18 July 2017

Tuesday, 18th July 2017

Energy/Business

Cheap solar may soon be supplying Middle East power at night

The National

Solar plants that supply electricity at competitive prices after the sun goes down are about to become a reality in the Middle East, according to one of the region’s biggest developers of power plants. The Acwa Power International chief executive Paddy Padmanathan confirmed his company is the low bidder on a US$1 billion project that will feed electricity to the grid for the Dubai Water and Electricity Authority between 4pm and 10am. More such plants are likely to follow because Chinese companies will start driving down the cost of equipment, he said. The 200-megawatt Dubai contract, which runs for 25 years, will harness a two-decade old technology called concentrated-solar power (CSP), or solar thermal. Unlike photovoltaics, which generate a charge directly from the sun’s power, thermal plants use mirrors to concentrate heat on water, turning it to steam to drive a turbine. The heat can be stored in molten salt to be used later. The technology to date has slipped behind PV on cost but is quickly becoming more competitive, the executive said.

Published: 17th July 2017

Follow: https://www.thenational.ae/business/energy/cheap-solar-may-soon-be-supplying-middle-east-power-at-night-1.609849

Electricity authority urges customers to follow home safety tips before travelling

WAM

The Dubai Electricity and Water Authority, DEWA, has announced its tips on what to do before leaving home for the summer holidays, including unplugging electrical appliances, making sure there is no seepage from taps and internal pipes, and shutting off the water supply to avoid any water leakage.  The authority’s annual campaign, ‘Let’s Make this Summer Green’, is part of DEWA’s efforts to raise awareness of the judicious use of electricity and water, reducing waste, and the importance of following safety guidelines.Tips also include advice to switch off lights and unplug electrical appliances and electronics to save energy.

Published: 9th July  2017

Read more: http://wam.ae/en/details/1395302622032

Politics & Economy

Highest voter turnout ever for presidential election

The Hindu

The presidential election on Monday recorded probably the highest ever turnout of over 99%, with all eligible voters casting their ballots in at least 10 States and one Union Territory. The election was conducted at 32 polling stations, including in Parliament and the State Assemblies. Presidential Election Returning Officer and Lok Sabha Secretary General Anoop Mishra said reports on voting percentages from Andhra Pradesh, Jammu and Kashmir, Manipur and Tripura were yet to be added.

Published: 17th July 2017

Follow: http://www.thehindu.com/news/national/highest-voter-turnout-ever-for-presidential-election/article19297549.ece?homepage=true

UAE economy to ride on non-oil sector and infrastructure spending

The National

Despite bearish sentiments, the IMF and Bank of America Merrill Lynch, concur that medium term non-oil growth will reach 3 per cent or higher, thanks to investments in the lead-up to Expo 2020. The UAE’s economy will expand on the back of non-oil sector growth over the next 18 months, as Abu Dhabi loosens its purse strings and Expo 2020-related spending in Dubai start to kick in, according to economists.  That estimation comes after the IMF on Friday cut its outlook for the country’s economy due to the continued pressure on oil prices, which is down 14 per cent year-to-date, despite a global oil output cut, in which the UAE is participating, that has so far failed to reduce inventories and prop up prices. Besides the anticipated spike in Expo 2020 spending, Abu Dhabi is expected to reduce its austerity drive, increase spending and revisit projects that have been postponed.

Published: 17th July 2017

Follow: https://www.thenational.ae/business/uae-economy-to-ride-on-non-oil-sector-and-infrastructure-spending-1.609349

Community, Environment & Society

Free yoga sessions for cancer patients

Gulf News

Life ‘n One, a community centre, located in Jumeirah 1, is conducting free yoga sessions for cancer patients. Held every Tuesday morning at 8.30, the hour-long class aims to help patients fight the side-effects and discomfort arising out of chemotherapy and other treatments.

Eda Gungor, founder of Life ‘n One, says, “We are unable to change what life throws at us, but we can choose how we respond. A daily meditation practice helps reduce anxiety and stress and builds immunity. That’s what we are trying to help our friends with.”

Published: 12th July 2017.

Read more: http://gulfnews.com/xpress/news/free-yoga-sessions-for-cancer-patients-1.2057570

Mohammed bin Rashid issues law on establishing International Institute for Tolerance

Wam

Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Law No. 9 of 2017 on the establishment of the International Institute for Tolerance. His Highness also issued Decree No. 23 of 2017, establishing a Board of Trustees for the International Institute for Tolerance and Decree No. 28 of 2017, appointing a Managing Director for the International Institute for Tolerance.  The Law on the Establishment of the International Institute for Tolerance includes launching the Mohammed bin Rashid Al Maktoum Tolerance Award, administered in accordance with the provision of the law, and establishing its statutes in correlation with the Institute. The International Institute for Tolerance aims to instil a spirit of tolerance in society, building a cohesive society and promoting the UAE as a role model for tolerance, anti-extremism, and anti all forms of discrimination among people, including but not limited to, discrimination based on religion, gender, race, colour or language. The law will promote tolerance, encourage open dialogue and highlight the honest and peaceful essence of Islam.

Published: 21st June 2017.

Read more: http://www.wam.org.ae/en/details/1395302620195

Knowledge Forum recommends draft national strategy on comprehensive national volunteering programme

WAM

The participants of the 11th edition of the Knowledge Forum, organised by the Abu Dhabi Department of Economic Development, ADDED, have recommended the creation of a draft national strategy to define the general framework of a comprehensive national volunteering programme.  The programme will include all segments of the UAE community, with the aim of making volunteering a way of life and placing into consideration the importance of unifying volunteering efforts through a federal government authority, which will supervise, organise and implement legislations on volunteer work.  The forum, titled, “Your Year of Giving”, which coincides with the #Year of Giving in the UAE, underscored the importance of achieving sustainability in the implementation of charitable and humanitarian projects, to serve the nation’s vulnerable categories while activating the role of private sector institutions in implementing these projects, as well as promoting their social responsibilities and creating a promotional plan, to raise the levels of awareness among all segments of society about volunteer work in the country.

Published: 12th July  2017

Read more: http://wam.ae/en/details/1395302622548

Zayed Giving Initiative launches first field voluntary hospital for labourers

Wam

The Zayed Giving Initiative has launched the first mobile voluntary hospital for labourers to provide on-site medical care. Started under the “Responding to Favour” slogan, the initiative is aimed at providing the best diagnostic, therapeutic and preventive services to the labourers in work locations nationwide. Emirati voluntary doctors oversee the mobile hospital which goes in the framework of the UAE Voluntary Health Care Programme and in line with directives of the #Year_of_Giving initiative launched by President His Highness Sheikh Khalifa bin Zayed Al Nahyan.

Published: 8th July 2017

Read more: http://wam.ae/en/details/1395302621942

Caring for the diaspora, away from home

Khaleej Times

Serving a 2.6 million-strong Indian diaspora in the UAE is no easy task. It is, thus, no surprise that Community Affairs is one of the busiest departments at the Indian embassy in Abu Dhabi. Addressing labour grievances, dealing with runaway maids, making jail visits, repatriating bed-ridden patients, attesting educational certificates, issuing emergency exit passes and even brokering peace between hostile couples – these are all in a day’s work for the Community Affairs wing. A typical day starts at 9 am when the doors of the embassy are open for the public. The ‘Open House’ hours from 9 am to 12.30 pm every day gives public the chance to meet embassy officials and raise their concerns and seek help. Through the token system, an average of 40 grievance cases, queries or requests are heard by the embassy on a daily basis.

Published: 17th July 2017

Read more: http://www.khaleejtimes.com/nation/abu-dhabi/caring-for-the-diaspora-away-from-home

Sports

Asian Athletics Championship — Indian medal winners on Day 4

The Hindu

India collected four more golds on the final day to take its total to 12. India collected four more golds on the final day to take its total to 12 and finished the table topper, ahead of super power China, with its best-ever finish in these championships.

Published: 10th July 2017

Read more: http://www.thehindu.com/sport/athletics/asian-athletics-championship-indian-medal-winners-on-day-4/article19249310.ece

 

News U Wish to Read – 17 July 2017

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News U Wish to read - 17 July 2017Monday, 17th July 2017

Energy/Business

Power systems based on 100% renewables is nor feasible or realistic

The National

 The Sweihan solar power project in Abu Dhabi will be the world’s largest on a single site, with a capacity of almost 1.2 gigawatts. Costing about US$1.2 billion, it will cover an area four times the size of Downtown Dubai. Now imagine building almost three hundred such plants in the UAE alone. This huge effort is one part of the sketches by the Stanford professor Mark Jacobson and his colleagues on how by 2050, the United States and the entire world could power itself solely with renewable energy – wind, sun and water (hydropower from rivers and tidal power from the sea). His team argues this is not just feasible and environmentally sustainable but, in fact, cheaper than our current system. And it has raised a strange controversy in the US – a controversy in which politics and public relations battle with engineering and logic.

Published: 17th July 2017

Follow: https://www.thenational.ae/business/energy/power-systems-based-on-100-renewables-is-nor-feasible-or-realistic-1.609517

 Adnoc, Borealis to expand joint petrochemical activities

Gulf News

Abu Dhabi National Oil Company (Adnoc) announced on Sunday it has signed a framework agreement with Borealis to advance two key projects that will expand their joint petrochemical activities in Ruwais. In a statement, Adnoc said the agreement was part of the company’s aim to expand petrochemical from the current 4.5 tonnes per annum to 11.4 million tonnes a year by 2025. It did not, however, dislose the value of the deal.

Published: 16th July 2017

Follow: http://gulfnews.com/business/sectors/energy/adnoc-borealis-to-expand-joint-petrochemical-activities-1.2059712

Emirates, flydubai to fly in tandem, but it’s not a merger

Khaleej Times

Emirates Airline and flydubai have announced a extensive partnership which will see the two Dubai-based carriers come together to align their systems and provide passengers access with easy connectivity to each other’s networks and ensure a smooth travel experience. Apart from code-sharing, the partnership includes integrated network collaboration with coordinated scheduling, allowing flydubai customers to take advantage of Emirates worldwide destinations across six continents. Emirates’ customers, for their part, will now have access to flydubai’s regional network.

Published: 17th July 2017

Follow: http://www.khaleejtimes.com/business/aviation/emirates-flydubai-to-fly-in-tandem-but-its-not-a-merger

Politics & Economy

Sheikh Mohammed meets French foreign minister amid Qatar dispute

The National

Jean-Yves Le Drian earlier held talks with officials in both Doha and Jeddah in an effort to heal the rift between Qatar and its neighbours. Sheikh Mohammed and Mr Le Drian discussed regional and international issues along with enhancing cooperation when they met at Al Shati Palace.

Published: 17th July 2017

Follow: https://www.thenational.ae/world/sheikh-mohammed-meets-french-foreign-minister-amid-qatar-dispute-1.609247

UAE economy to ride on non-oil sector and infrastructure spending

The National

Despite bearish sentiments, the IMF and Bank of America Merrill Lynch, concur that medium term non-oil growth will reach 3 per cent or higher, thanks to investments in the lead-up to Expo 2020. The UAE’s economy will expand on the back of non-oil sector growth over the next 18 months, as Abu Dhabi loosens its purse strings and Expo 2020-related spending in Dubai start to kick in, according to economists.  That estimation comes after the IMF on Friday cut its outlook for the country’s economy due to the continued pressure on oil prices, which is down 14 per cent year-to-date, despite a global oil output cut, in which the UAE is participating, that has so far failed to reduce inventories and prop up prices. Besides the anticipated spike in Expo 2020 spending, Abu Dhabi is expected to reduce its austerity drive, increase spending and revisit projects that have been postponed.

Published: 17th July 2017

Follow: https://www.thenational.ae/business/uae-economy-to-ride-on-non-oil-sector-and-infrastructure-spending-1.609349

 

Community, Environment & Society

 Abu Dhabi named second best city to live and work in

The National

Abu Dhabi has been named the second-best city to live, work and do business in, overtaking both London and Paris. The capital moved up two places since the last Ipsos City Index. New York retained the top spot. More than 18,000 people, aged between 16 and 64, in 26 countries worldwide were interviewed for the Index. Rome, Amsterdam and Zurich were also in the top ten. Abu Dhabi was fourth in 2013, when the last survey was carried out.

Published: 16th July  2017

Read more: https://www.thenational.ae/uae/abu-dhabi-named-second-best-city-to-live-and-work-in-1.609267

Umbrellas, anyone? DM asks pedestrians in Dubai

Gulf News

In a new initiative announced on Sunday, Dubai Municipality started giving out umbrellas to the public to protect them from the summer heat.  Khalid Mohammed Badri, Director of Corporate Marketing and Relations Department said in a press release that the municipality distributed more than 1,000 umbrellas on the first day of the campaign.

Published: 16th July 2017.

Read more: http://gulfnews.com/news/uae/government/umbrellas-anyone-dm-asks-pedestrians-in-dubai-1.2059938

Emirati couples to get free fertility treatment in Dubai

Khaleej Times

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Executive Council Resolution No. 49 of 2017 on the Amal Initiative that provides fertility treatment free of cost to Emirati couples at Dubai Health Authority’s, DHA, Dubai Gynaecology and Fertility Centre. According to the Resolution, in order to benefit from the Amal Initiative, couples should have been married for at least a year; should not have any medical insurance that covers fertility treatment; must sign an undertaking that confirms the accuracy of the information submitted to the Amal Initiative; the wife must be included in the husband’s Family Book; and Citizenship Decrees must be valid on the date of application.

Published: 16th July 2017

Read more: http://www.khaleejtimes.com/news/uae-health/emirati-couples-to-get-free-fertility-treatment-in-dubai

Sports

Federer wins 8th Wimbledon title, beating Cilic in final

Khaleej Times

Roger Federer’s wait for No. 8 at Wimbledon is over. He is once again the champion of the grass-court Grand Slam tournament, now more often than any other man in the history of an event first held in 1877. Federer won his eighth title at the All England Club and 19th major trophy overall, capping a marvelous fortnight in which he never dropped a set by overwhelming Marin Cilic 6-3, 6-1, 6-4 on Sunday in a lopsided final that was more coronation than contest.

Published: 16th July 2017

Read more: http://www.khaleejtimes.com/sport/tennis/roger-federer-wins-record-eighth-wimbledon-title

 

News U Wish to Read – 16 July 2017

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News U Wish to read - 16 July 2017Energy

Adnoc charts strategic path that will strengthen links with global economy

The National

 The Abu Dhabi National Oil Company is charting a course unlike many of its peers as it prepares to face a radically different energy future, said experts including Daniel Yergin yesterday. The company’s leadership made it clear in comments to The National on Monday that it will not be following the path that many national oil companies (NOCs) have – and which close neighbour Saudi Arabia plans – in selling off a piece of the parent company.

Published: 14th July 2017

Follow: https://www.thenational.ae/business/adnoc-charts-strategic-path-that-will-strengthen-links-with-global-economy-1.484108

 Sheikh Mohammed lauds Adnoc’s new approach

The National

 Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said Adnoc’s new strategic approach, which includes expanding the types of partnerships it forms and spinning off some of its services businesses, will help the economy meet its key fiscal and employment goals.

Published: 15th July 2017

Follow: http://www.thenational.ae/business/energy/energy-majors-see-emphasis-on-gas

 Kuwait sees oil inventories falling faster as Opec keeps cutting

Gulf News

 Crude oil inventories will decline at a faster pace worldwide in the second half of the year as demand increases and Opec members comply better with a global agreement to cut output, Kuwait’s Opec Governor Haitham Al Ghais said.

Published: 15th July 2017

Follow: http://gulfnews.com/business/sectors/energy/kuwait-sees-oil-inventories-falling-faster-as-opec-keeps-cutting-1.2059269

Politics & Economy

UAE’s financial institutions sign Dubai Declaration on Sustainable Financing

Wam

The UAE’s financial institutions participating at the United Nations Environment Programme (UNEP) Finance Initiative’s 14th Global Roundtable, have signed the Dubai Declaration on Sustainable Financing.

Published: 25th October 2016

Follow: http://www.wam.ae/en/news/economics/1395301774526.html

Community, Environment & Society

 France aims to be ‘facilitator’ in Gulf crisis talks

Gulf News

DOHA: French Foreign Minister Jean-Yves Le Drian said in Doha on Saturday that Paris wants to assist Kuwait-led mediation talks on the crisis between Qatar and four other Arab states. “France should be a facilitator in the mediation” led by Kuwait, Le Drian told reporters following talks with his Qatari counterpart Shaikh Mohammad Bin Abdul Rahman Al Thani.

Published: 15th July 2017.

Read more: http://gulfnews.com/news/gulf/qatar/france-aims-to-be-facilitator-in-gulf-crisis-talks-1.2059346

UAE wants resolution, not alleviation of Qatar problem

The National

The UAE said efforts to ease tensions rather than directly address the problem between Qatar and the Arab countries isolating it will only lead to worse crises in future. “We believe that there are two ways of dealing with things, whether to try and ease tension or try to address a problem,” Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Cooperation, said on Thursday. “We do not believe that an attempt to ease the tension will address the matter, but will lead to delaying the problem, which will lead to a doubling of the situation in the future.”

Published: 13th July 2017.

Read more: https://www.thenational.ae/world/gcc/uae-wants-resolution-not-alleviation-of-qatar-problem-1.568763

Drivers welcome move to buckle up in the back seat

The National

UAE residents have welcomed the introduction of new traffic laws that fine anyone without a seatbelt on in the back of a car and are pleased to hear it’s being enforced.  Any back-seat passenger seen by police without a seatbelt on could end up landing their driver with a Dh400 fine and four black points, and children under 4 must be in a child car seat. Before July 1 the law only dictated that people in the front seats must buckle up.

Published: 15th July 2017

Read more: https://www.thenational.ae/uae/drivers-welcome-move-to-buckle-up-in-the-back-seat-1.609055

Dubai to host conference on sustainability, green technologies

WAM

The key challenges facing the environment will be the underlying theme at the 19th edition of the Water, Energy,Technology and Environment Exhibition to be organised in Dubai on October 23rd-25th.The event, organised by Dubai Electricity and Water Authority, DEWA, for the 4th year running, will shed extensive light on the headwinds facing the water, energy and environment sectors in the region, with the participants to seek to come up with innovative eco-friendly solutions that support economic growth while preserving natural resources and protecting the environment.

Published: 04th July 2017

Read more: http://wam.ae/en/details/1395302621501

Masdar: World’s first floating offshore wind farm prepares to set sail

WAM

Masdar has announced that a milestone has been reached in the development of the world’s first commercial scale floating wind farm, which on completion will be sited off the coast of Aberdeenshire, Scotland.

Published: 3rd July 2017

Read more: http://wam.ae/en/details/1395302621361

Navdeep Singh Suri to be new Indian ambassador to UAE

Posted on Updated on

navdeep-singh-suri
Navdeep Singh Suri – an Arabic and French speaker, has a masters degree in economics and has written on India’s Africa policy, on public diplomacy and on the IT outsourcing industry. Suri is taking up India’s top diplomat’s post here when the two nations have elevated their relations to a comprehensive strategic partnership. On October 2, New Delhi said Shaikh Mohammad will be the chief guest at the Indian Republic Day on January 26, 2017.

The ambassador designate is eager to take up his new role at a time when India and UAE relations are witnessing an unprecedented upswing. “I look forward to the new assignment at such an important time in our bilateral relations,” Navdeep Singh Suri, who is currently serving as the Indian High Commissioner to Australia, tweeted on Monday.

As per available data 2.2 million Indians live in the UAE.

My sincere wishes to him for a successful tenure in the UAE.

Follow him on Twitter @navdeepsuri

News and image source: Gulf News

Also read in The National: New Indian ambassador to the UAE to start next month

You may also visit Embassy of India website for regular updates.

Research data and links: Ramesh Menon, Abu Dhabi

News U Wish to Read – 15th October 2015

Posted on Updated on

News U wish to readNote: News U Wish to Read is a press review compilation and only covers articles published in the press, in the UAE and India. Its purpose is to keep us informed of important news items which we all wish to not miss. Enjoy reading the below news items and links. More sections will come as it takes shape and interest. Your response to this initiative is highly appreciated.

Energy

Opec anticipates better oil prospects as North American production slows

The National

Opec expects a brighter outlook for the oil market as the low prices of the past year bite further into higher-cost production growth, and with demand forecast to pick up in coming months. Opec’s Vienna-based think tank said in its monthly oil market report yesterday that the factors that have been weighing on the market “are showing signs of alleviation”. The main cause for optimism is the sharp slowdown in growth from producers outside Opec, particularly in North America. The report points out that “the oil industry has experienced a rapid fall in global upstream spending, down by more than 20 per cent, with North America cutting as much as 35 per cent. This has led to lower activity – less drilling and the delay or cancellation of new projects – which has put pressure on production growth”.

Published: 12th October 2015

Follow: http://www.thenational.ae/business/energy/opec-anticipates-better-oil-prospects-as-north-american-production-slows

Energy minister calls for Dh3.5bn savings in water and energy

The National

Energy chiefs aim to trim Dh3.5 billion from the power and water subsidy bill by encouraging people to turn off their taps and switch off their lights. “Today, as never before, we see the urgent need to reduce consumption,” said the Minister of Energy, Suhail Al Mazrouei. “The squandering of resources is the enemy of development. “We are working on supporting a culture of reasonable consumption in various government and private establishments, as well as in homes, schools and mosques.” The low oil price makes generous discounts on already cheap commodities harder to afford. Mr Al Mazrouei hopes consumers will cut their consumption by 10 per cent – instead of increasing it at a rate of 6 per cent a year.

Published: 7th October 2015

Follow: http://www.thenational.ae/business/energy/energy-minister-calls-for-dh35bn-savings-in-water-and-energy

Adnoc makes research and development push via new Petroleum Institute centre

The National

Organisers Abu Dhabi is set to embark on a major oilfield research and development push that could help to add as much as US$500 billion of value to oil reservoirs. Abu Dhabi National Oil Company is making a strategic push into R&D through a large investment in a new centre at its Petroleum Institute in the capital. The expansion reflects a major departure in R&D for both Adnoc and the Petroleum Institute, which includes a specific mandate for the institute to come up with ways to add 5 per cent – or about $500bn of value – to Abu Dhabi’s oil reservoir recovery rates, according to the Petroleum Institute president Thomas Hochstettler.

Published: 10th October 2015

Follow: http://www.thenational.ae/business/energy/adnoc-makes-research-and-development-push-via-new-petroleum-institute-centre

Adipec forecasts record attendance despite oil industry slump

The National

Organisers of Adipec, Abu Dhabi’s big annual oil gathering, expect record attendance next month, despite the worldwide industry slump. “I know it bucks the trend of oil conferences, but we’re expecting record numbers across the board,” said Jean-Philippe Cossé, a director at DMG Events, part of the UK’s Daily Mail Group, which runs the Abu Dhabi International Petroleum Exhibition & Conference (Adipec).

Published: 6th October 2015

Follow:http://www.thenational.ae/business/energy/adipec-forecasts-record-attendance-despite-oil-industry-slump   

Other Sectors

Dubai to ‘feel the rush’ at third Motor Festival

Khaleej Times

DMF 2015 will be held from November 10 to 21 under the patronage of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum. With just weeks away for the third edition of the Dubai Motor Festival (DMF), its showpiece event, the Dubai Grand Parade, one of the most popular motoring pageants in the world, is gearing up to showcase Dubai’s motoring passion in all its forms. DMF 2015 will be held from November 10 to 21 under the patronage of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, with the Grand Parade taking place on November 21. As excitement mounts within the motoring community, DMF organisers, the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (DTCM) have announced that registration is open for the Dubai Grand Parade, a spectacular annual showcase of the widest collection of vintage, luxury and supercars and motorcycles in the UAE and region.

Published: 9th October 2015

Follow: http://www.khaleejtimes.com/business/auto/dubai-to-feel-the-rush-at-third-motor-festival

New Air India boss bets on people power to fix ailing carrier

Khaleej Times

Air India is in a better state now than it was when Lohani’s predecessor took over in 2011, four years after a merger with state-run carrier Indian Airlines Air India’s new chief is betting an ‘open door’ policy will help defuse years of soured relations with the flag carrier’s more than 20,000 staff, paving the way for potentially painful change at the loss-making airline. Ashwani Lohani, a 56-year-old engineer and tourism bureaucrat with no experience running an airline, describes his job as “the ultimate challenge”. The 85-year-old state-owned airline is unprofitable, overstaffed and losing market share. India’s aviation market may be the world’s fastest growing, but it’s dominated by younger, nimbler, low-cost rivals such as IndiGo and SpiceJet.

Published: 14th October 2015

Follow: http://www.khaleejtimes.com/business/aviation/new-air-india-boss-bets-on-people-power-to-fix-ailing-carrier

Politics & Economy

Diversification driving Dubai growth by 4%

Khaleej Times

Director-General of Department of Economic Development, said a key reason for Dubai’s resilience has been the emphasis Dubai places on economic diversification. “Today, Dubai’s economy is much more diversified than 2008-2009, and the dramatic transformation of Dubai’s economy that started in the early ’70s is now entering a new level,” said Al Qamzi at the launch of the Dubai Investment Forum. The highlight of the structural transformation that Dubai underwent over the last few decades is the city’s evolution as a trade, investment, services and knowledge hub, said Al Qamzi.

Published: 13th October 2015

Follow: http://khaleejtimes.com/business/economy/diversification-driving-dubai-growth-by-4

UAE insurance sector premiums expected to grow 15 per cent this year

The National

The UAE’s insurance sector, one of the few bright spots in financial services amid a slowing economy, is expected to grow 15 per cent this year, says the Insurance Authority.  Insurance premiums were expected to rise to Dh38 billion this year from Dh33bn last year, Ebrahim Al Zaabi, the authority’s general director, said yesterday. Speaking at a forum to discuss progress in bringing more of the authority’s services online, he said that “premiums are growing across the board”, but did not elaborate on the drivers of growth. Mr Al Zaabi also said the authority would be increasing its oversight of the sector to ensure fair deals for consumers and reviewing all its rules.

Published: 13th October 2015

Follow: http://www.thenational.ae/business/economy/uae-insurance-sector-premiums-expected-to-grow-15-per-cent-this-year

Fiscal balance turns surplus after 8 years

The Hindu

For the first time in 8 years, India’s fiscal balance turned from deficit to surplus in the month of August, the latest data from the Controller-General of Accounts (CGA) show. The fiscal deficit, the excess of the Centre’s expenditure over its revenues, was (-) Rs. 15,808 crore in August. The negative figure indicates surplus of revenues over expenditure. In contrast, the Centre ran up a fiscal deficit of Rs. 73,005 crore in August 2014. A sharp surge in the Centre’s revenue receipts as well as a steep decline in its total expenditures made the fiscal surplus possible. The total revenue was Rs. 1,47,022 crore in August against Rs. 71,578 crore in July. In contrast, the total expenditure in August was Rs. 1,31,214 crore against Rs. 1,69,986 crore in July.

Published: 14th October 2015

Read more: http://www.thehindu.com/business/Economy/fiscal-balance-turns-surplus-after-8-years/article7750684.ece

Community, Environment & Society

Women must play bigger part in environmental science: Abu Dhabi summit

The National

When most people think about famous scientists they tend to remember Albert Einstein, but forget important figures such as Jane Goodall or Marie Curie – and it was that fact that experts at the Eye on Earth Summit want to change, as they encouraged women to get involved in the environmental sciences. Several leading figures at the summit and within the global environmental movement are women, they said. Razan Al Mubarak, secretary general at the Environment Agency Abu Dhabi, said that it was important to keep open the possibility for women to occupy all roles throughout the environmental movement.

Published: 7th October 2015.

Read more: http://www.thenational.ae/uae/women-must-play-bigger-part-in-environmental-science-abu-dhabi-summit

Data sharing pledges made by Abu Dhabi environment summit delegates

The National

Organisations and experts at last week’s Eye on Earth Summit in the capital committed to sharing data to guide countries towards the UN’s sustainable development goals. The delegates want to provide data to developing countries so their growth can be guided towards sustainability. “The summit outcomes are central to advancing Eye on Earth’s vision of achieving a world where environmental and associated social and economic information, combined with citizen engagement, improves decisions leading to sustainable development,” said Razan Al Mubarak, secretary-general of the Environment Agency Abu Dhabi, a founding partner of Eye on Earth.

Published: 13th October 2015.

Read more: http://www.thenational.ae/uae/environment/data-sharing-pledges-made-by-abu-dhabi-environment-summit-delegates

Zayed Future Energy Prize finalists selected

The National

The 29 finalists for the 2016 Zayed Future Energy Prize have been selected. The eighth cycle of the awards aims to honour the pioneering work done by international organisations in energy and sustainability. “This has been a record-breaking year for the Zayed Future Energy Prize, which is a testament to the leadership shown by the UAE in seeking long-term solutions that will meet our future climate and energy challenges,” said Dr Sultan Al Jaber, Minister of State and director general of the Zayed Future Energy Prize.

Published: 11th October 2015.

Read more: http://www.thenational.ae/uae/transport/daily-ferry-service-to-connect-abu-dhabi-landmarks

Daily ferry service to connect Abu Dhabi landmarks

The National

The best way to see Abu Dhabi’s skyline is from the sea – and passengers will soon be able to do so on a luxury ferry.  The service, which begins next Monday, will cover more than 100 kilometres of scenic waterways around Abu Dhabi island with stops at the Etihad Towers hotel, Abu Dhabi Mall, Yas Marina and the Fairmont Bab Al Bahr hotel. More stops are planned as the service develops. “It is an exciting alternative to getting around Abu Dhabi’s spectacular coastal area in a service unique in the emirate,” said Thomas Rebollini, head of finance at the ferry operator Jalboot Marine – which is named after the traditional pearl-diving dhows of the Arabian Gulf.

Published: 13th October 2015.

Read more: http://www.thenational.ae/uae/environment/zayed-future-energy-prize-finalists-selected

Technology

Etisalat launches nine data centres across UAE

Gulf News

Etisalat, the Abu Dhabi-based telecommunications provider, announced the launch of nine data centres across the UAE in order to boost its services to consumers. The centres aim to provide back-up and additional infrastructure in case of natural disasters such as earthquakes and fires. During a Gulf News visit to a data centre in Khalifa City, Abdullah Al Ahmad, etisalat’s vice-president of Business Services, said that the company has seen a global need to boost data security. “There are about 15 billion devices globally connected to the internet, with data worth 13 trillion gigabytes in 2015 and around 500 million transactions done on a daily basis. The number of mobile phones has also doubled over the past four years, replacing desktops and other portable devices,” Al Ahmad said.

Published: 14th October 2015

Read more: http://gulfnews.com/business/sectors/telecoms/etisalat-launches-nine-data-centres-across-uae-1.1600542

Tech firms spearheading cloud solutions adaptation in UAE

Khaleej Times

Cloud negates the need for large up-front investments in on-premise solutions. Some of the leading technology companies – Microsoft, VMware, Inframon and Pacific Controls – are aggressively spearheading adaptation of cloud solutions in the UAE with a sole aim to transform the current technology scenario to more smarter and efficiency boosting productivity levels across all segments of the emirate’s economy. Dubai – smartest city in the region – has adopted smart measures at various government levels that eliminates processes that consume labour, time and management. The industry experts have already predicted that the emirate is all set to witness a massive shift in coming 12-18 months as cloud computing solutions get adopted by businesses across UAE. But some questions arise here i-e are we ready for this transformation? Do we really have the luxury to wait and watch or be left behind when your peers or competitors have already invested in technology upgrade with latest cloud solutions?

Published: 15th October 2015

Read more: http://www.khaleejtimes.com/business/technology/tech-firms-spearheading-cloud-solutions-adaptation-in-uae

Education+

Choose the MBA that works for you

The Hindu

Weigh the pros and cons of the programme before deciding which one you want to pursue. An IT professional with four years of work experience approached me with an aspiration to join INSEAD/IMD/Richard Ivey/ISB. I could gather from his choices that he is primarily exploring a one-year MBA programme and wants to save time. However, what was unsettling was that he had no clarity. He wanted to make more money and hold significant leadership positions in the Industry, but when I asked him what Industry or functions he saw himself working in after MBA, he had no idea. According to him, the strategy was to figure that out when you are on the campus.

Published: 11th October 2015

Read more: http://www.thehindu.com/features/education/college-and-university/choose-the-mba-that-works-for-you/article7747040.ece

Secure and swift

The Hindu

Secure electronic transcription technology envisages secure transfer of mark sheets, certificates and any important academic or non-academic documents over Internet. Understanding the importance of quick online document verification and transaction in the changing times, several universities in the country have begun to adopt secure electronic transcription (SET) technology. Along with electronic verification of mark sheets and certificates, issuing of online transcripts using SET technology is possible today. Thanks to Global Document Authentication System (GDAS) technology developed by Myeasydocs, a firm incubated at Indian Institute of Technology Madras, several universities and autonomous colleges in the country, including Calicut University, the University of Kerala and the Cochin University of Science and Technology (CUSAT), are all set to implement the new online transcript system.

Published: 12th October 2015

Read more: http://www.thehindu.com/features/secure-and-swift/article7747323.ece

Sports – Campaign PASS

Campaign PASS (Promote All Sports Simultaneously) is an initiative started through my blog to promote all sports(other than cricket – which gets lot of attention) and sports personnel associated to give them more exposure.

TOP scheme has been a big support: Saina

The Hindu

The 25-year-old, who won the bronze medal at the 2012 London Olympics, hoped the TOP scheme will help other athletes as well. One of India’s top medal prospect at next year’s Olympics, World No. 1 shuttler Saina Nehwal on Thursday said the Sports Ministry’s TOP scheme has been of immense help in her preparation for the Rio Games. “My sincere appreciation @YASMinistry @Media_SAI @BAIMedia1 for the support over the years. Would not have been here without the support,” Saina wrote on her twitter page.

Published: 8th October 2015

Read more: http://www.thenational.ae/uae/government/national-sports-day-to-bring-uae-together-in-friendly-competition

Professional boxing is like a new era in my life: Vijender

The Hindu

The former world no.1 said that he was enjoying the experience of learning new techniques from his trainers and sparring partners. All set for his foray into the professional arena, Indian boxing star Vijender Singh asserted that his transition from the amateur circuit is like a new era in his life. The London Olympics medalist has been training for more than a month under globally acclaimed trainer Lee Beard in Manchester. Vijender feels that his life has now totally changed with no fellow Indian boxers in the dressing room, no Indian food and no friends. “It’s all together a different beginning of my life. I am really excited for a debut day and I am in shape as I stayed for more than one month in this gym with trainers like Lee Beard and Haroon Headley,” Vijender said. “My trainers are new and it’s almost a month (sic) I am with them and I am the only one Indian boxer training here. In amateur boxing, there were like 2-3 boxers with me in the changing room all the time but right now I am all alone with my trainers so there is a difference. I just want to box hard that day,” he added.

Published: 6th October 2015

Read more: http://www.thehindu.com/sport/professional-boxing-is-like-a-new-era-in-my-life-vijender/article7731078.ece

Two Volvo Ocean Racers shortlisted for ISAF World Sailor of the Year Award

Volvo Ocean Race.com

It’s the most prestigious individual award a sailor can receive – a symbol of recognition for their outstanding achievements in this sport. That’s right: the ISAF World Sailor of the Year Award. And despite the Volvo Ocean Race being a massive team effort, it’s only right that some of our outstanding leaders have been shortlisted for the prize. In the male category, Abu Dhabi Ocean Racing skipper Ian Walker. A two-time Olympic medallist, the Brit finally got his hands on the Volvo Ocean Race trophy this edition at the third attempt. “Winning the Volvo Ocean Race was not only a special moment for me but also a special moment in the sporting history of Abu Dhabi,” says Ian. In the female category, Sam Davies has been nominated for her campaign as skipper of Team SCA.

Published: 13th October 2015

Read more: http://www.volvooceanrace.com/en/news/9154_Reaching-the-pinnacle.html

Hope you enjoyed reading the above news items and links. More sections will come as it take shape and interest. Your response to this initiative is highly appreciated.

Regards,

Ramesh Menon, Abu Dhabi

15th October 2015

@rameshmenonauh

News U Wish to Read – 3rd October 2015

Posted on

News U Wish to read  - 3 October 2015Note: News U Wish to Read is a press review compilation and only covers articles published in the press, in the UAE and India. Its purpose is to keep us informed of important news items which we all wish to not miss. Enjoy reading the below news items and links. More sections will come as it takes shape and interest. Your response to this initiative is highly appreciated.

Energy

Many reasons for cautious process on Abu Dhabi’s onshore oil concessions

The National

This time last year the air was thick with speculation about Abu Dhabi’s coveted onshore oil concessions, the award of which is worth billions to the international oil companies that secure them and is of prime importance to the people of the emirate. The 15 onshore oilfields – collectively know as the Abu Dhabi Company for Onshore Oil Operations, or Adco – account for more than half of the country’s oil output, though that is projected to be overtaken by offshore production within a few years. Even a year ago, the question was why had it taken the Supreme Petroleum Council and its technical advisers so long to evaluate and decide upon the proposals it had received? The previous concession had run out at the end of the prior year and all of the interested parties – which included four of the previous concession-holders, excluding Exxon Mobil – had made multiple presentations, as had a number of prospective new partners. Anticipation was building that Abu Dhabi National Oil Company (Adnoc) would announce the decision at the big international oil gathering in the capital – Adipec – next month. But Adnoc did not announce the first major concession – granted to Total of France – until the following January, and then two others – to Japanese and South Korean interests – over the next five months. Now, a year later and with Adipec on the horizon again next month, and with still more than half of the 40 per cent of Adco’s foreign stake unallocated, oil industry executives again are starting to murmur – “What’s up with the Adco concessions?”. The delay should not be surprising given the two big challenges the Abu Dhabi oil decision-makers must face. One is that they must evaluate the partnerships for the next two generations in lieu of a changing global economy. Much of the talk since the concessions expired has been of the “shift to the east” – the growth of Asia’s developing economies, particularly China, which has meant more than 90 per cent of Abu Dhabi crude now is absorbed by Asia’s refiners. Adnoc’s loyal, long-term contractual buyers were recognised by the Adco parcels allocated to Japan’s Inpex (5 per cent) and South Korea’s GS Energy, backed by Korea National Oil Corp (3 per cent). Japan bought 30 per cent of Abu Dhabi’s crude oil output last year, with South Korea buying 12 per cent.

Published: 1st October 2015

Read more: http://www.thenational.ae/business/energy/many-reasons-for-cautious-process-on-abu-dhabis-onshore-oil-concessions

Iran targets 2 million barrels-a-day lift

The National

Iran plans to increase crude output by 2 million barrels a day from about 50 energy projects slated for investors at a conference in Tehran next month. That is according to Roknoddin Javadi, the managing director of National Iranian Oil Company. The package would also aim to boost natural gas production by 7 billion standard cubic feet, Mr Javadi said at a conference in Berlin. Oil production is now about 2.8 million barrels a day, data compiled by Bloomberg show. Iran has the world’s largest gas reserves and the fourth largest oil reserves, according to BP figures. The country would need US$30 billion of investment over five years to boost oil production, starting with about 350,000 barrels of new output next year, Goldman Sachs said in a report. The supplies could keep pressure on oil prices and delay the market’s return to balance, Henry Tarr, a Goldman analyst, said in the report. Mr Javadi told the conference that “the global oil market will stay bearish in the short to medium term”. The agreement in July by the United States, France, China, Russia, Britain and Germany to remove sanctions on Iran in exchange for curbs on its nuclear programme pointed to an early start next year if all conditions were met, said Mr Tarr.

Published: 1st October 2015

Read more: http://www.thenational.ae/business/energy/iran-targets-2-million-barrels-a-day-lift

The rise and fall of UAE fuel prices – graphic

The National

The Fuel Price Committee has announced another drop in the price of petrol, while diesel is to rise slightly for October. Take a look at how the prices have changed since price-setting was liberalised in July.

Published: 28th September 2015

Read more: http://www.thenational.ae/business/energy/the-rise-and-fall-of-uae-fuel-prices–graphic

Total plans deeper cuts in global project spending

The National

In a scheduled “strategy and outlook” presentation to investors in Paris, Total executives said the company plans to cut both capital and operating expenditures substantially through 2017, including reducing headcount and freezing recruitment. Total was the first of the large international oil companies to begin cost-cutting several years ago, before oil prices began their latest slide. Capital spending had already been cut from a peak two years ago of US$28 billion to about $23.5bn this year and the company said it would be cut a further 15 per cent next year and 12 per cent the year after “to a sustainable $17bn-19bn from 2017 onwards”. The Total chief executive Patrick Pouyanné and other top executives laid out a strategy that forecasts production to grow at an average of 5 per cent a year from 2014 through 2019. That is a slowing rate of growth from the 11 per cent the company registered in the first half of this year and the 7 per cent it expects through 2017. It effectively cut its forecast rate of production to 2.6 million barrels per day in 2017 from 2.8 million bpd. In January, Total was the first company to be granted a new concession in Abu Dhabi’s major onshore oilfields concession, known as Adco. The French company had been one of the legacy Adco concession operators and won a renewal for 40 years with a bid that analysts estimate was $2.2bn for a 10 per cent stake, giving it claim over about 2.2 billion barrels over the life of the contract. Regaining Adco this year has been a big factor behind the 11 per cent production increase posted in the first half. The 15 fields are on track to boost production from about 1.6 million bpd last year to 1.8 million bpd by the end of 2017. But neither the UAE nor the Middle East region in general featured in the plans laid out by Total for the next few years. Total has already said it plans to cut 2,000 headcount this year as part of efforts to trim $1.2bn from operating costs. The company said it is now aiming for even sharper cuts, with a target of between $2bn and $3bn of additional opex reductions by 2017. In the part of the strategy presented by Arnaud Breuillac, Total’s head of exploration and production, he said the company would be looking to cut the numbers and rates of contractors as well as freezing recruitment worldwide as part of efforts to reduce global headcount. The main focus of cuts would be older provinces, he said, highlighting the UK North Sea, which is targeted for a 20 per cent further reduction in personnel by 2017. “We are preparing the group to face low oil prices for a long time,” Patrick de la Chevardiere, Total’s head of finance, told a press conference after the presentation. The focus of future growth will be projects such as offshore Angola as well as liquefied natural gas in Papua New Guinea. As with other large international oil companies, Total executives said they are concerned to maintain their dividend payments for investors even with much lower oil ­prices.

Published: 23rd September 2015

Read more: http://www.thenational.ae/business/energy/total-plans-deeper-cuts-in-global-project-spending

Why Shell quit drilling in the Arctic

Gulf News

Royal Dutch Shell’s abrupt announcement earlier this week that it would cease all offshore drilling in the Arctic is surprising for several reasons. One is the unusual degree of confidence the company expressed as recently as mid-August that it had identified 15 billion barrels of oil beneath the well known as Burger J it’s now abandoning. What happened? Mistaken geology: After spending $7 billion over several years to explore a single well this summer, Shell said in a statement that it “found indications of oil and gas … but these are not sufficient to warrant further exploration.” This contrasts sharply with Shell officials’ statements as recently as July and August that based on 3- and 4-D seismic analysis of core samples its petroleum geologists were “very confident” drillers would find plentiful oil. The geologists’ expectations were the main reason Shell spent all of that money on a project that entailed much-higher- than-average operational risks and international environmental condemnation. Giving up has got to hurt at a company that prides itself on scientific and technical prowess. Shell said it would take an unspecified financial charge related to the folding of its Arctic operation, which carries a value of $3 billion (Dh11 billion) on the company’s balance sheet.

Published: 30th September 2015

Follow:http://gulfnews.com/business/sectors/energy/why-shell-quit-drilling-in-the-arctic-1.1592530

Other Sectors

Mubadala and General Electric agree to sell joint venture to US private equity firm

The National

Mubadala and GE Capital have agreed on a deal to sell their commercial finance joint venture to a unit of Apollo Global Management, a US private equity firm. Mubadala GE Capital (MGEC) in Abu Dhabi has signed a deal to sell “substantially all of the assets” of the company and its subsidiary firms to MidCap Financial. A price for the sale, which will be paid in cash, has yet to be agreed and “is subject to customary adjustment”, MGEC said.It also said the deal was subject to conditions and “may be terminated under certain circumstances”. It is expected to close in the last quarter of the year.

Published: 1st October 2015

Follow: http://www.thenational.ae/business/economy/mubadala-and-general-electric-agree-to-sell-joint-venture-to-us-private-equity-firm

Air India shifts domestic operations to T2 Mumbai

Times of India

From T2, Air India will operate 63 flights out of Mumbai of which 52 are to domestic destinations. Starting October 1, 2015, Air India has relocated its domestic operations from the Santa Cruz airport to Terminal 2 (T2), of the Mumbai airport to integrate its international operation with domestic flights. The move will also help members of Star Alliance to easily transfer passengers. With this, Air India said it would make Mumbai its second hub after Delhi. Interestingly, Mumbai was Air India’s home base since its inception and most international flights were operated from here till the UPA government shifted Air India’s headquarters to Delhi and the Delhi airport was made its base and main hub.

Published: 2nd October 2015

Follow: http://www.thehindu.com/business/Industry/air-india-shifts-domestic-operations-to-t2-mumbai/article7716194.ece

Politics & Economy

 Economy minister: GDP to grow 3.5% to Dh1.6tr

Gulf News

The share of the industrial sector in the GDP is growing and now stands between 10-14%. Sultan Bin Saeed Al Mansouri, Minister of Economy, said the Gross Domestic Product (GDP) of the UAE is predicted to grow more than 3.5 per cent to more than Dh1.6 trillion this year, compared with Dh1.5 trillion in 2014. In a statement to WAM, the minister said the UAE’s ability to maintain high grow rates in the past years despite global economic volatility shows its economic efficiency and proves that its diversification policy is successful as it relies more on non-oil sectors to weather global challenges. The share of the industrial sector in the GDP is growing and now stands between 10-14 per cent. He expects the size of industrial investments in the UAE to double in five years. Al Mansouri stressed that his ministry seeks to bolster the competitiveness of the national economy, the flow of foreign direct investments as well as the country’s economic relations with foreign countries. He pointed out that the Second UAE Economic Planning Forum, a two-day event scheduled on October 7 in Ras Al Khaimah, will enhance coordination between local and federal government departments to boost economic competitiveness, help the SME sector (small and medium size enterprises) and carry out national economic plans. The minister of economy added that innovation and supporting national industries top the agenda of the forthcoming forum.

Published: 3rd October 2015

Follow: http://gulfnews.com/business/economy/economy-minister-gdp-to-grow-3-5-to-dh1-6tr-1.1594278

UAE and Saudi Arabia non-oil bilateral trade set to exceed Dh80 billion

The National

Non-oil trade between the UAE and Saudi Arabia is forecast to surge as the Emirates consolidates its status as an international trade centre, boosts investments in the kingdom and enacts unified regulations for Arabian Gulf products. Saudi Arabia is the biggest exporter of goods (mainly petrochemical products) to the UAE in the Gulf. In the UAE, Gulf products overall enjoy exemption of customs duties, in accordance with the country’s economic agreements with Gulf states, which contribute to the big volume of trade with Saudi Arabia. In 2013, the latest year for which figures are available, the bilateral trade was valued at Dh80 billion. The expected rise in trade comes amid increased political cooperation between the two countries, most notably in the military campaign to restore the internationally recognised government of Yemen. Still, challenges remain to the flow of UAE-Saudi Arabian trade, with logistics at the border at the forefront. According to the UAE’s Ministry of Economy, the country’s main export to Saudi Arabia is gold and the main re-export products are jewellery and gold.

Published: 3rd October 2015

Read more: http://www.thenational.ae/business/economy/uae-and-saudi-arabia-non-oil-bilateral-trade-set-to-exceed-dh80-billion

RBI surprises with more-than-expected rate cut

Khaleej Times

In a surprise move, Reserve Bank of India Governor Raghuram Rajan on Tuesday cut the key repo rate by 50 basis points to 6.75 per cent, the lowest in nearly five years, yielding to pressures from government and industry, clamouring for such a sharp rate cut. Unveiling the fourth bi-monthly monetary policy statement for fiscal year 2014-15, Rajan said since the previous review the bulk of the conditions for easing the policy had been met. Inflation has dropped to a nine-month low and despite the monsoon deficiency and its uneven spatial and temporal distribution, food inflation pressures have been contained by resolute actions by the government, he added. While reducing the policy repo rate – the rate at which the central bank lends money to commercial banks – under the liquidity adjustment facility, he kept the cash reserve ratio unchanged at four per cent. The reverse repo rate has been adjusted to 5.75 per cent.

Published: 30th September 2015

Read more: http://www.khaleejtimes.com/business/economy/rbi-surprises-with-more-than-expected-rate-cut

Community, Environment & Society

Abu Dhabi road safety campaigns start to prove their worth

The National

Traffic campaigns along with strict law enforcement by police were the key reasons why accidents on the emirate’s roads had fallen by a quarter over the first eight months of the year, Abu Dhabi Police said on Thursday. Latest figures released by Abu Dhabi Police reveal that since the start of the year there were 30 deaths compared with 40 over the same period last year. Brig Gen Khalifa Al Khaili, head of traffic and road safety at Abu Dhabi Police, attributed the decrease to the efforts of the authorities to make roads safer. He said that awareness programmes had been increased to ensure respect of traffic rules. Col Jamal Al Ameri, head of public relations at the directorate, said traffic awareness sessions had taken place at transport companies, schools and universities. And he added that the traffic safety improvements were down to these campaigns – in addition to the widespread use of radars and other traffic monitoring systems. “The drop in fatalities is mainly due to the strict enforcement of laws and the safety awareness programmes,” he said.

Published: 1st October 2015.

Read more: http://www.thenational.ae/uae/transport/abu-dhabi-road-safety-campaigns-start-to-prove-their-worth

UAE in talks over mobilisation of COP 21 climate agreement

The National

The UAE attended a meeting on Wednesday about how to enact agreements made in the COP 21 climate pact, which is due to be formalised in Paris in December. The UAE delegation to the two-day Major Economies Forum on Energy and Climate, held on the sidelines of the 70th United Nations General Assembly in New York, was led by Dr Sultan Al Jaber, Minister of State and chairman of the National Media Council board. “In common with the MEF, we have identified an urgent need for the deployment of clean energy technologies at the lowest possible cost, to drive transformational progress,” he said. The minister added that moving to a clean energy economy provides an opportunity to promote continued economic growth and sustainable development as part of a response to the challenges posed by climate change. “The UAE’s participation, alongside 17 of the world’s leading economies, is a testament to the country’s commitment to sustainable development, and its leadership in the deployment of the clean energy technologies necessary to mitigate climate change.” Discussions at the forum focused on a number of important issues that, it is hoped, will be resolved ahead of the COP 21 meeting in December.

Published: 30th September 2015.

Read more: http://www.thenational.ae/uae/environment/uae-in-talks-over-mobilisation-of-cop-21-climate-agreement

Technology

mGovernment social media accounts caters to Hindi speaking UAE residents

The National

The UAE has added Hindi as a language to communicate mGovernment initiatives on social media. One of India’s official languages, Hindi is now used by the official mGovernment Twitter account. The first Hindi tweet was posted on September 14, the Telecommunications Regulatory Authority (TRA) said. “This initiative reflects the UAE government’s respect to its residents’ diverse cultures and civilisations,” said Hamad Obaid Al Mansoori, the TRA’s director-general. “It also emphasises the government’s keenness on interacting with the people and hearing their voices through different social-media platforms.”

Published: 28th September 2015

Read more: http://www.thenational.ae/uae/government/mgovernment-social-media-accounts-caters-to-hindi-speaking-uae-residents

Education+

Emirates Foundation invites budding scientists to participate in Think Science competition

The National

The Emirates Foundation is inviting budding young scientists to participate in next year’s Think Science competition. The contest is held under the patronage of Sheikh Abdullah bin Zayed, Foreign Minister and Chairman of the Emirates Foundation, and engages youth nationwide to develop scientific innovations that respond to social needs. It is also part of the foundation’s Think Science programme, which aims to encourage Emiratis aged 15 to 35 to follow their passions for science through interactive activities related to engineering, energy, aviation and other fields. The national competition will accept 220 projects in the categories of electrical engineering, environmental sciences, industrial and mechanical systems, energy, smart and safety systems, physics and chemistry, transportation, aerodynamics and aviation. To ensure wider participation, the Emirates Foundation this year opened the doors for those aged between 25 and 35 years who have completed their academic study to participate in the competition. “The competition will provide a unique opportunity for Emirati youth to showcase their talents in science and technology, develop knowledge and share expertise, and be part of the UAE’s growth today and in the future,” said Maytha Al Habsi, chief programmes officer at the Emirates Foundation.

Published: 30th September 2015

Read more: http://www.thenational.ae/uae/science/emirates-foundation-invites-budding-scientists-to-participate-in-think-science-competition

Engineering yourself for a successful career

The Hindu

Tips to make your engineering degree count in the competitive world of campus placements. Engineering education requires a transformation to meet the needs of employers, the challenges facing the profession and the community as a consequence of the rapid development of technology, the demands of large and complex projects and the need for socially responsible multidisciplinary innovation. A bachelor’s degree in engineering opens the door to several professional careers and exciting higher study options. In today’s high-tech world, an engineering degree is a great foundation for careers in traditional engineering fields as well as careers in management, sales, government, medicine, research, law, teaching, and many more.

Published: 28th September 2015

Read more: http://www.thehindu.com/features/education/careers/engineering-yourself-for-a-successful-career/article7692762.ece

Sports – Campaign PASS

Campaign PASS (Promote All Sports Simultaneously) is an initiative started through my blog to promote all sports(other than cricket – which gets lot of attention) and sports personnel associated to give them more exposure.

National Sports Day to bring UAE together in friendly competition

The National

Plans have been announced for a nationwide sports day in which men, women and children of various nationalities are brought together in the spirit of friendly competition. Organisers of the UAE National Sports Day believe that as well as promoting healthy living, sporting competition also helps create a harmonious society.  Sports clubs, groups and schools will all be encouraged to take part in the event, which is due to take place on November 25. Its launch follows a directive of Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. HE Mohamed Ebraheem Al Mahmood, vice president of the General Authority for Youth and Sports Welfare and Chairman and Managing Director of Abu Dhabi Media, said: “This holds a lot of meaning in the country to promote athletics and a culture of sportsmanship for not only us and the over 200 nationalities in the country but also for our youth.” He urged as many people and organisations as possible to sign up. “The first national sports day carries an open invitation among all the citizens of the UAE, in age, gender and ability, it is meant for everyone,” said Mr Al Mahmood. “And that is the point – to bring people together.” Saeed Hareb, secretary general of Dubai Sports Council, also hoped the event would prove popular. “We want everyone to participate. I anticipate hundreds of events, and that is what we need.”

Published: 29th October 2015

Read more: http://www.thenational.ae/uae/government/national-sports-day-to-bring-uae-together-in-friendly-competition

Indian Super League ready for even bigger kick-off

The National

Team owners and sponsors of the Indian Super League (ISL) are hoping that the football tournament will be able to score huge success among fans over the coming weeks. The ISL kicked off its second season yesterday evening in Chennai after launching last year, bringing Bollywood glitz to football in an otherwise cricket-mad nation where other sports have more limited popular and commercial appeal. Actors, cricket stars and business tycoons are among those who have invested in the eight teams, which include a mix of international and Indian footballers on their rosters. The young league has ambitions to grow, but without doubt it is a high-risk venture. Another football tournament in India, the I-League, has failed to gain much traction. This has been blamed on lack of funding and limited television coverage. India is often referred to as football’s “sleeping giant” – it is 155th in the latest Fifa rankings – but with rising incomes and a vast young population, the potential to generate revenues from the sport could be enormous if its popularity continues to grow.

Published: 3rd October 2015

Read more: http://www.thenational.ae/business/economy/indian-super-league-ready-for-even-bigger-kick-off

Hope you enjoyed reading the above news items and links. More sections will come as it take shape and interest. Your response to this initiative is highly appreciated.

Regards,

Ramesh Menon, Abu Dhabi

3rd October 2015

@rameshmenonauh

News U Wish to Read – 20th September 2015

Posted on

News U Wish to read  - 20 September 2015

Sunday, 20th September 2015

Note: News U Wish to Read is a press review compilation and only covers articles published in the press, in the UAE and India. Its purpose is to keep us informed of important news items which we all wish to not miss. Enjoy reading the below news items and links. More sections will come as it takes shape and interest. Your response to this initiative is highly appreciated.

Energy


UAE oil and gas jobs on the wane amid price rout and regional security concerns

The National

Recruitment is waning in the UAE’s oil and gas sector amid the oil price rout and regional security concerns, a new report says. According to the Monster Employment Index report for last month, the index reading for online listings of oil and gas jobs in the UAE fell about 30 per cent to 73 from 103 in August last year. In the Middle East, hydrocarbons industry job postings declined 21 per cent. Monster, a New York-listed recruitment company, said the employment slowdown was not surprising given the global ramifications and the sector’s current hiring freeze. “While the UAE is putting firm actions in place to manage the global crunch, I do expect that hiring recovery in this sector will require some time,” said Sanjay Modi, the regional managing director of Monster.com. Oil prices continue to trade below US$50 per barrel, down from peaks of more than $110 last year. This has led to several companies cutting their capital expenditure, including downsizing their workforces.

Published: 17th September 2015

Read more: http://www.thenational.ae/business/economy/uae-oil-and-gas-jobs-on-the-wane-amid-price-rout-and-regional-security-concerns


Saudi Aramco names new chief executive

Bloomberg

Appointment made at initial meeting of supreme council. Amin Al Nasser was named president and chief executive of Saudi Arabian Oil Company, known as Saudi Aramco, at the first meeting of the newly created supreme council, the executive board managing the world’s biggest oil producer. The council also approved a five-year business plan at the meeting held overnight in Jeddah, the company said in a statement yesterday. Mr Al Nasser in May was named interim chief executive, replacing Khalid Al Falih who became chairman and health minister. The supreme council is restructuring the Dhahran-based company, which is no longer under the oil ministry. Mr Al Nasser is also on the board, below the supreme council. “More appointments are expected,” Mohamed Ramady, a London-based independent analyst and former professor of economics at King Fahd University for Petroleum and Minerals in Dhahran, said. “Many senior vice presidents retired lately and no replacements have been announced so far.” Saudi Aramco has the ability to pump 12 million barrels of crude per day, and is steering Opec to record production to keep market share amid a global glut. Brent crude was little changed at $49.79 per barrel yesterday

Published: 17th September 2015

Read more: http://www.thenational.ae/business/energy/saudi-aramco-names-new-chief-executive


Prepare for 15 years of weak oil prices, says Goldman Sachs

The National

A glut of crude may keep oil prices low for the next 15 years, according to Goldman Sachs.

There’s less than a 50 per cent chance that prices will drop to $20 a barrel, most likely when refineries shut in October or March for maintenance, Jeffrey Currie, head of commodities research at the bank, said in an interview in Lake Louise, Alberta. Goldman’s long-term forecast for crude is at $50 a barrel, he said. Goldman cut its crude forecasts earlier this month, saying the global surplus of oil is bigger than it previously thought and that failure to reduce production fast enough may require prices to fall near $20 a barrel to clear the glut. Prices may touch that level when stockpiles are filled to capacity, forcing producers in some areas to cut output, Mr Currie said on Wednesday. “When we think of the longer term oil price, yes we put it at $50 a barrel,” he said. “However the risks are to the downside given what’s happening in the other commodity markets and the macro markets more broadly.”

Published: 17th September 2015

Read more: http://www.thenational.ae/business/energy/prepare-for-15-years-of-weak-oil-prices-says-goldman-sachs


Abu Dhabi a symbol of the future, says Solar Impulse co-founder

The National

The capital of the UAE is a symbol of the future, the co-founder of a project to circumnavigate the world in a solar-powered aircraft told an audience on Monday. “Abu Dhabi is an oil producer that is diversifying to clean energy technologies and I think it is the perfect symbol,” said Bertrand Piccard, who was in the capital after being named the first Middle East Solar Industry Association Ambassador. Solar Impulse 2, the plane onboard which Dr Piccard and his co-pilot and co-founder, Andre Borschberg, are attempting the world first, took off from Abu Dhabi last March. Next year, the plan is for the plane to finish its journey where it started. As the team waits to resume the flight, Dr Piccard commended Abu Dhabi for looking ahead. “The goal is not to attack what exists. The goal is to support new ways of doing in diversification, and I like this approach.”

Published: 14th September 2015

Read more: http://www.thenational.ae/uae/environment/abu-dhabi-a-symbol-of-the-future-says-solar-

impulse-co-founder


Deregulation of fuel prices a key moment for UAE energy policy

Gulf News

The introduction of the deregulation of fuel prices in the UAE is a key moment for energy policy in the UAE and has made the nation a pioneer in energy exporting nations in the area of energy subsidy reform, a top official from the Ministry of Energy said in Fujairah on Thursday. “While energy subsidies can generate short term benefits, they lead to greater adverse consequences, impeding market functions, creating artificial prices, decreasing sustainability and limiting the growth of clean energy,” said Matar Al Neyadi, Undersecretary of the Ministry of Energy and Chairman of the Gasoline and Diesel Prices Committee. Speaking at the 5th Gulf Intelligence Energy Markets Forum in Fujairah, Al Neyadi said that the decision to deregulate fuel prices aligns the nation with its strategic vision to preserve natural resources and increase long term sustainability. “This step places the UAE on par with countries that follow sound economic methodologies, promote a responsible energy market and provide a sustainable future for generations ahead.”

Published: 17th September 2015

Read more: http://gulfnews.com/business/economy/deregulation-of-fuel-prices-a-key-moment-for-uae-energy-policy-1.1585904


Abu Dhabi bio jet fuel project nears test stage

Gulf News

Washington: An initiative to produce environmentally friendly aviation jet fuel in Abu Dhabi is progressing. Construction on a one-acre trial farm located in Abu Dhabi that will grow the fuel producing plant, will be finished in the next three to four months, a Boeing executive said on Tuesday. Boeing, together with Etihad Airways, Abu Dhabi National Oil Company’s Takreer, the Masdar Insitute and Total, has been working since January 2014 to develop biofuel in the emirate. Julie Felgar, Managing Director, Environmental Strategy and Integration at Boeing Commercial Airplanes, told reporters on a video call “a small pilot project” will start when construction on the test farm is completed in three to four months. “We’ll take one year to 18 months to run through a couple of harvest rotations and see what the opportunities are in being able to scale that up,” she said. The Abu Dhabi project is one of 19 biofuel ventures Boeing is involved in around the world, developing jet aviation fuel based on biological processes like agriculture or waste as a means to reduce the industry’s carbon footprint. In Abu Dhabi, a halophyte plant called salicornia bigelovii, that generates oil that can be used to make the biofuel, will be planted in the test farm.

Published: 16th September 2015

Read more: http://gulfnews.com/business/aviation/abu-dhabi-bio-jet-fuel-project-nears-test-stage-1.1585301


Other Sectors


UAE financial markets to observe Eid Al Adha holiday during Sept 23-26

Khaleej Times

The Eid Al Adha holiday for UAE financial markets will begin on Wednesday, September 23, 2015, and trading will resume on Sunday, September 27.  This was announced by the Securities and Commodities Authority based on circular No. 38 of 2015, issued by the Federal Authority for Government Human Resources, FAHR, on the holidays of Eid Al Adha.

Published: 16th September 2015

Follow: http://www.khaleejtimes.com/business/markets/uae-financial-markets-to-observe-eid-al-adha-holiday-during-sept-23-26


Air travel may become affordable for aam aadmi as Modi government proposes cap on fares

Economic Times

The Narendra Modi government plans to cap airfares between small towns and cities in an ambitious proposal to throw open the chance of air travel to millions of Indians dependant on crowded ground transport. A proposal under consideration by civil aviation ministry will allow airlines to bid for the right to operate flights between hundreds of small towns and cities located within one hour of flying distance from each other.  Airfares between these cities will be capped at Rs 2,000 or Rs 2,500 per passenger. The balance will be paid back to these companies by the government through the levy of a cess on national and international flights. A senior civil aviation ministry official said that India can become the third-largest aviation market in the world, if it makes its 300 million middle class Indians fly at least once a year through these initiatives.  The plan is part of the new civil aviation policy that is likely to be out for public consultation by the end of this month and has the in-principle approval of

Prime Minister Narendra Modi..

Published: 19th September 2015

Follow: http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/air-travel-may-become-affordable-for-aam-aadmi-as-modi-government-proposes-cap-on-fares/articleshow/49019234.cms


Politics & Economy


Intra-regional capital inflows help UAE

Khaleej Times

Increased capital inflows from Middle East and North Africa and GCC markets help the UAE offset a decline in funds coming from emerging markets, particularly Russia,  while the country remains the only net importer of private capital in the Gulf, a leading investment management company said on Monday. Despite a drop in Russian capital inflows, the UAE, with its safe-haven status and strategic position as a hub between Asia and Africa, continues to be the main beneficiary of inflows of private capital into the GCC region, Invesco said in its Middle East Asset Management Study. “An example of a rapid year-on-year reversal in sources of capital inflows is the decline in private capital coming into the UAE from emerging markets, including Russia. Last year’s study showed inflows from emerging markets at 58 per cent, dropping down to 41 per cent this year. Flows from Russia in particular are thought to have been affected by the decline in the rouble reducing the buying power of affluent Russians in the UAE real estate and tourism sectors,” said Nick Tolchard, head of Invesco Middle East. “This decline in Russian capital inflows may be cyclical given the strong and ongoing ties between Russia and the GCC,” Tolchard said at a media roundtable.

Published: 15th September 2015

Read more: http://www.khaleejtimes.com/business/economy/intra-regional-capital-inflows-help-uae


Global Economy: A recession is around the corner

Khaleej Times

The united States of America is often referred to as the Big Brother due to its economic impact on both developed and developing countries every time there is a recession or fear of recession hitting it. Being one of the world’s dominating economies, many factors contribute towards setting a trend for either bulls or bears to walk on Wall Street. Even though recession is not new to the Big Brother, it is bad news both for it and countries that depend on a bullish US economy. So, will history repeat itself soon? Is it time for bears to take over Wall Street? The crash of the world’s major stock markets (Black Monday) on August 24 pushed indices to the year’s lowest point. Experts are citing many reasons. Some blame China’s economic downturn and its falling stock market for kick starting global recession as it is one of the largest economies.

Published: 15th September 2015

Read more: http://www.khaleejtimes.com/business/economy/a-recession-is-around-the-corner


India escapes the worst of emerging markets misery

Khaleej Times

Three years ago India was the weakling of the emerging markets clan, politically stagnant and struggling to grow – but as gloom engulfs other developing economies, the subcontinent is enjoying a moment in the sun. Brazil and Russia lie deep in recession and South Africa is teetering on the brink after demand for raw materials collapsed, while alarm bells have sounded over fears the China juggernaut may be faltering. Enter India, once dubbed the Broken Bric, as the core group is known, now poised to become the fastest-growing G20 economy, expanding at a respectable seven percent, with its finances nourished by cheap oil. “If you look at the growth numbers, India is definitely doing better than these other economies,” Kunal Kundu, an economist at Societe Generale in Bangalore, told AFP. “China is in slowdown mode and Brazil and Russia are in trouble because they are commodities-dependent. We are seeing India as the standout.”

Published: 15th September 2015

Read more: http://www.khaleejtimes.com/business/economy/india-escapes-the-worst-of-emerging-markets-misery


India insulated from economic fallout, Arun Jaitley says

Economic Times

Union finance minister Arun Jaitley said despite a global slowdown and its impact on countries, India remains insulated from the economic fallout and stands out as a “brighter spot”.  “India is not a part of the Chinese production chain, significantly. In fact, the two segments – commodities and oil – that been adversely affected certainly don’t adversely impact India (which is) a net importer,” Jaitley said last night at The Singapore Summit 2015 here.  “Therefore, the more we see a low price regime, the more India continues to benefit. Not withstanding the slowdown globally, we do stand out as one of the brighter spots,” he was quoted as saying by The Straits Times.

Published: 19th September 2015

Read more: http://timesofindia.indiatimes.com/business/india-business/India-insulated-from-economic-fallout-Arun-Jaitley-says/articleshow/49022331.cms


Community, Environment & Society

A look at marine animals in the UAE: sea turtles

The National

The Arabian Gulf is blessed with amazing marine life, including dugongs, dolphins, turtles and sharks, not to mention 500 species of fish. In a five-part poster series launching this week, Oasis takes a closer look at a different marine animal, starting with sea turtles. With the help of a local marine biologist, we will provide some surprising facts about these creatures, highlight identifying features and give tips on how UAE residents can help protect them. Next week we feature dolphins.

Published: 17 September 2015.

Read more: http://www.thenational.ae/arts-lifestyle/a-look-at-marine-animals-in-the-uae-sea-turtles

Technology

Facebook launches newsgathering tool Signal

The Hindu

In a move to take on micro-blogging site Twitter, which is the biggest source of breaking news for journalists, Facebook has launched an innovative  newsgathering tool that will help reporters scan and file stories from the ocean of information on Facebook and its photo-sharing site Instagram. Called Signal, the free tool will help journalists track relevant trends, photos, videos, and posts from nearly 1.5 billion Facebook users and Instagram’s 300 million users for storytelling and reporting.

Published: 18th September 2015

Read more: http://www.thehindu.com/sci-tech/technology/internet/facebook-launches-first-newsgathering-tool-for-journalists/article7664559.ece


Education+


GoodReader is just what a bookworm needs

The Hindu

GoodReader is a text and PDF file reader that saves you the bother of scrolling for text, but its not without problems. Every person who loves reading books has, at some point or the other, wanted to read books while on the go. Unfortunately, the screens on these smartphones have all been way too small to make reading comfortable for anything more than a screenful or two. Even reading long email messages can be a strain on the eyes. It doesn’t help that many e-books are formatted for a full screen, so they require vertical and horizontal scrolling to read. Thankfully, GoodReader exists, and only costs about a dollar.

Published: 15th September 2015

Read more: http://www.thehindu.com/features/metroplus/goodreader-is-just-what-a-bookworm-needs/article7655396.ece


Sports – Campaign PASS


Campaign PASS (Promote All Sports Simultaneously) is an initiative started through my blog to promote all sports(other than cricket – which gets lot of attention) and sports personnel associated to give them more exposure.


PM’s knowledge on sports leaves Saina surprised

The Hindu

Saina briefed the Prime Minister about her silver medal winning feat at the World Championship and becoming world number one. Star shuttler Saina Nehwal was left mighty impressed with Narendra Modi’s knowledge on sports and said the Prime Minister made her feel like a family member when they met ahead of his 65th birthday. “The meeting lasted for about half an hour and I was surprised that he knew about my family and my game so comprehensively as if he was a family member,” Saina told PTI a day after gifting the Prime Minister one of her racquet’s on the eve of his birthday.

Published: 17th September 2015

Read more: http://www.thehindu.com/sport/other-sports/prime-minister-narendra-modis-knowledge-on-sports-leaves-saina-nehwal-surprised/article7662306.ece

Hope you enjoyed reading the above news items and links. More sections will come as it take shape and interest. Your response to this initiative is highly appreciated.

Regards,

Ramesh Menon, Abu Dhabi

@rameshmenonauh

www.clicksandwrites.com