Car maker Audi entered the micromobility market with its e-tron Scooter, a combination of a scooter and a skateboard.
The 12 kilogram electric scooter is designed for sporty riders, Audi said, and can be folded up for transportation. Production and sales are planned for late next year, said the German company.
The e-scooter, with a range of about 20 kilometres, will be priced at about €2,000 (Dh8,213), Audi said. The company may offer the model as an extra to customers who buy Audi e-tron cars. The e-scooter could be charged in an e-tron's boot through a dedicated socket, the car company said.
Riders keep one hand on the handlebar as they control the scooter like a skateboard by shifting their weight with their feet, said Thorsten Schrader, project manager for micromobility at Audi.
The steering handle holds the battery and the electronics, and has a display showing the battery status. Riders accelerate and brake by means of a twist grip. To help achieve the 20-km range, the e-scooter recovers kinetic energy from the brake system, said Audi.
The car manufacturer's product comes as the so-called "micromobility" revolution sweeps across worldwide, with local authorities taking different approaches to the rise of alternative transport.
The National this month reported that Dubai ride-haling company Careem is in talks to run one of Abu Dhabi's first e-scooter rental services after the UAE capital legalised the leasing of the vehicles.
Careem, which was bought by Uber for more than $3 billion (Dh11.01bn) this year, said it believes two-wheel devices are the future of micromobility.
"We have been interested in the micromobility space for a very long time," Bassel Al Nahlaoui, managing director of Careem in the Arabian Gulf, told The National.
“Careem acquired Cyacle, an Abu Dhabi bike-sharing company, early this year marking our entry to the space before the announcement."
Mr Al Nahlaoui said the company was "in discussions with DoT [Department of Transport] and we will be able to disclose more information in the future".
“We see residents across the UAE owning their own scooters to cover their last mile transport needs from and to public transport stations, so the demand definitely exists,” he said.
Earlier this year, Dubai's Roads and Transport Authority banned electric scooters from the emirate while it investigates how to regulate its use.
The RTA issued a circular in April outlawing the vehicles until further notice.
The RTA is "considering the technical and legislative requirements to allow the operation of electric scooters in addition to the conditions and commitment of scooter driver", said the circular.
In October, the French government announced plans to ban e-scooters from sidewalks and ordered riders to use bike lanes or roads.
US e-scooter sharing companies such as Bird, Lime and Jump (a subsidiary of Uber) have been expanding to Europe this year, where they face competition from local start-ups – Voi in Stockholm and Wind in Berlin. It is impossible to determine the exact number of scooters that have appeared on the streets this year, but it is likely to be in the tens of thousands, according to Bloomberg.
Germany permitted e-scooters on cycle paths and roads in May, limiting its speed to 20kph. The following month, they were made available for sharing in Berlin. It is estimated that there are 5,000 of them on the city's streets.
'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
Favourite things
Luxury: Enjoys window shopping for high-end bags and jewellery
Discount: She works in luxury retail, but is careful about spending, waits for sales, festivals and only buys on discount
University: The only person in her family to go to college, Jiang secured a bachelor’s degree in business management in China
Masters: Studying part-time for a master’s degree in international business marketing in Dubai
Vacation: Heads back home to see family in China
Community work: Member of the Chinese Business Women’s Association of the UAE to encourage other women entrepreneurs
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
JAPAN SQUAD
Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa
Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.
A semen analysis of the father showed abnormal sperm so the couple required IVF.
Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.
A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.
On day three of the process, 14 embryos were biopsied for gender selection.
The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.
Day five of the treatment saw two male embryos transferred to the patient.
The woman recorded a positive pregnancy test two weeks later.
PREMIER LEAGUE FIXTURES
All times UAE ( 4 GMT)
Saturday
West Ham United v Tottenham Hotspur (3.30pm)
Burnley v Huddersfield Town (7pm)
Everton v Bournemouth (7pm)
Manchester City v Crystal Palace (7pm)
Southampton v Manchester United (7pm)
Stoke City v Chelsea (7pm)
Swansea City v Watford (7pm)
Leicester City v Liverpool (8.30pm)
Sunday
Brighton and Hove Albion v Newcastle United (7pm)
Monday
Arsenal v West Bromwich Albion (11pm)
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”