Abu Dhabi is considering lowering electricity tariffs for the industrial sector as part of efforts to boost its contribution to the emirate’s gross domestic product, an official told state-run Wam news agency.
Abu Dhabi could “establish preferential tariffs based on specific economic criteria”, Wam reported on Sunday, quoting Awaidha Al Marar, chairman of the Abu Dhabi Department of Energy
"All segments of the sector will be reviewed to place suitable tariffs and increase its contribution to the emirate’s GDP," the agency added.
Mr Al Marar said the department is supporting programmes that aim to stimulate the industrial sector and investment in Abu Dhabi and attract more investors.
Abu Dhabi is lowering the cost of doing business as part of economic diversification efforts, attracting foreign direct investments and creating jobs.
It announced a slew of measures last year aimed at boosting the private sector’s contribution to economic output.
____________
Read more:
[ Abu Dhabi lowers fees for country-of-origin certificates ]
[ Abu Dhabi and Dubai waive corporate fines to boost growth ]
____________
These include exempting “establishments whose licences have expired for more than 24 months – and which have applied for renewal, liquidation or cancellation of trade licence – from paying all delayed and accumulated fees”, Khalifa Al Mansouri, acting undersecretary of the Department of Economic Development (DED) in Abu Dhabi, said in May.
The DED is currently undertaking seven initiatives out of 10 announced in June as part of a three-year Dh50 billion stimulus package. It has also worked on improving employment opportunities for Emiratis and aims to help in the creation of no less than 10,000 jobs in the private and public sector for citizens over the next five years.
DEADPOOL & WOLVERINE
Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin
Director: Shawn Levy
Rating: 3/5
SPECS: Polestar 3
Engine: Long-range dual motor with 400V battery
Power: 360kW / 483bhp
Torque: 840Nm
Transmission: Single-speed automatic
Max touring range: 628km
0-100km/h: 4.7sec
Top speed: 210kph
Price: From Dh360,000
On sale: September
Teams in the EHL
White Bears, Al Ain Theebs, Dubai Mighty Camels, Abu Dhabi Storms, Abu Dhabi Scorpions and Vipers
Profile
Company name: Marefa Digital
Based: Dubai Multi Commodities Centre
Number of employees: seven
Sector: e-learning
Funding stage: Pre-seed funding of Dh1.5m in 2017 and an initial seed round of Dh2m in 2019
Investors: Friends and family
The biog
Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.
His advice to anyone starting out in business is to have no fear as life is about taking on challenges.
“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.
"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”
Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.
He relaxes by spending time with his family at home, and enjoying his wife’s India cooking.
LA LIGA FIXTURES
Friday (UAE kick-off times)
Levante v Real Mallorca (12am)
Leganes v Barcelona (4pm)
Real Betis v Valencia (7pm)
Granada v Atletico Madrid (9.30pm)
Sunday
Real Madrid v Real Sociedad (12am)
Espanyol v Getafe (3pm)
Osasuna v Athletic Bilbao (5pm)
Eibar v Alaves (7pm)
Villarreal v Celta Vigo (9.30pm)
Monday
Real Valladolid v Sevilla (12am)
Kandahar
Director: Ric Roman Waugh
Stars: Gerard Butler, Navid Negahban, Ali Fazal
Rating: 2.5/5
COMPANY PROFILE
Company name: Klipit
Started: 2022
Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant
Based: Dubai, UAE
Industry: Digital receipts, finance, blockchain
Funding: $4 million
Investors: Privately/self-funded