Arabian Radio Network (ARN) is set to launch a radio station by the end of this quarter catering to a new community in the Emirates.
"We have eight radio stations and we plan to launch more stations going forward," said Steve Smith, the chief operating officer at ARN. "We will be launching a new radio station this quarter. We are very close to knowing what the format is going to be like."
Mr Smith refused to reveal the language of the new station, but said that the network had been researching its feasibility for the past two years.
"We think there are great opportunities in the UAE market and we are going to service that; and that is part of our mandate too. We are government-owned and it is important that all communities have their own entertainment," he said.
ARN is also focusing on growing its digital listenership, while its shows across the network attract 3.3 million listeners daily. There has been a sharp rise in digital listenership.
"We have seen dramatic audience improvement across all our stations," said Mr Smith. "We make up about 54 per cent of the overall market share and with the new stations planned, it will definitely grow."
The network is averaging 900,000 unique listeners online through websites, mobile applications and other online feeds. This is up from about 556,000 in 2011. The rise of smartphones in the UAE has also raised digital listenership. Almost 800,000 apps were downloaded last year, up from 499,000 in 2011.
"We think radio is going through a golden age in this market," said Mr Smith.
"Commercially we are catching up. Currently radio accounts for 4 per cent of total advertising revenue, whereas the average globally is about 7 to 12 per cent. So the potential is massive."
According to Mr Smith, the radio networks in the country are working together to improve radio advertising and the data being presented to the commercial world.
thamid@thenational.ae
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Killing of Qassem Suleimani
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FIXTURES
All kick-off times UAE ( 4 GMT)
Brackets denote aggregate score
Tuesday:
Roma (1) v Shakhtar Donetsk (2), 11.45pm
Manchester United (0) v Sevilla (0), 11.45pm
Wednesday:
Besiktas (0) v Bayern Munich (5), 9pm
Barcelona (1) v Chelsea (1), 11.45pm
Hydrogen: Market potential
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.
"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.
Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.
The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.
The specs
Engine: 2.4-litre 4-cylinder
Transmission: CVT auto
Power: 181bhp
Torque: 244Nm
Price: Dh122,900
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5