You can fill the FCX up with hydrogen in less than five minutes.
You can fill the FCX up with hydrogen in less than five minutes.

Honda's new gas guzzler



Nowadays, emission-free motoring is the ultimate Hollywood accessory. Even hybrids, like the Toyota Prius, don't really cut it anymore. Which probably helps to explain why Arnold Schwarzenegger, the man who was once famed for his love of environmentally-unfriendly Hummers, happily champions the green cause. Indeed, the politician is now the power behind California's so-called Hydrogen Highway, the busy thoroughfare that runs between San Francisco and San Diego.

You'll find the epicentre of LA's piece of that road just off the 405 freeway, one of the world's most polluted motorways, where a Shell petrol station equipped with a hydrogen pump is the main refuelling hub for the rare Honda FCX Clarity. The Honda FCX Clarity, the world's first commercially available, zero-emission hydrogen car, is currently only available to lease in Japan and California, primarily because they're the only places where hydrogen is relatively available. The cost for a three-year lease in either market is approximately $600 (Dh2,200) per month, which includes maintenance.

Before I am let loose behind the wheel of the vehicle Honda describes as the "sedan of the future", I'm shown how to fill up the Clarity, which proves fast and simple. In fact, in less than five minutes, I have enough energy onboard for more than 320km of roaming. It cost almost $30 to fill the tank - about the same price as it would to fill the tank of a similar-sized car with petrol. This Honda is an amazing piece of wizardry. It's powered by a compact and efficient electric motor, which is fed by a fuel cell that converts hydrogen from the tank and oxygen from the air into electricity. The only byproduct of this process is water vapour, which comes out of the exhaust pipe. The hydrogen is compressed to 5,000psi and stored in a tank under the boot.

The FCX's Vertical Flow fuel cell stack has been designed to be compact, leaving more space for occupants. The car is also designed to recover energy that would otherwise be lost while braking or decelerating, which is stored as electricity in a lithium-ion battery pack found under the rear seat, allowing for more interior and boot space. The Clarity's range is fine, too, if you know you are going to be close to another filling station.

Currently, one of the biggest hurdles in selling hydrogen-powered vehicles is the lack of infrastructure to make owning one as convenient as owning a petrol-powered car. As yet, hydrogen does not give you the complete freedom of the open road. So with all that in mind, I map out our road test route. Carefully. We will head up near Burbank, then across the Santa Monica Mountains to Malibu, down the Pacific Coast Highway and through Venice. The return leg will be up the infamous 405 to Los Angeles International Airport, where the first hydrogen station opened, for a substantial but sustainable meal at the city's hippest eco eatery.

Any fool could drive the Clarity - just flick the switch into Drive with the steering column-mounted lever and the car moves off, albeit with little of the grunt you'd expect from a big petrol engine. It gets to 100kph in about 10 seconds and reaches a maximum speed of 160kph. The ride quality, though, is as good as a Rolls-Royce. For a car for the future, the Clarity is remarkably contemporary to drive. For some reason I'd expected an experience nothing like the norm but, despite the cutting-edge power source, the delivery of power is familiar.

It may be a bit breathless compared with the sprightly characteristics of most Hondas, and unnaturally quiet (something we will all have to get used to with one form of alternative power or other) but Honda has retained its company DNA for ride and handling. Sadly though, the interior is dull. I'd have liked to feel as if I was in something more space shuttle than old people's home. But the Star Trek element is at least evident in a series of gauges and indicators that pulsate in vibrant electro blue rather like a 1990s Japanese boom box. One of the key indicators shows hydrogen reserves. I thought it would be like watching sand slide through an egg timer, seeing the sole power source for the car evaporate with every twitch of the accelerator. But no, it dropped gently - until I got on the motorway. Then it started plummeting.

There's nothing like not knowing where your next filling station is coming from to focus the mind. It's great having a hydrogen car but greater still when there's enough places to refuel. Heading out into traffic, I felt like a star. Kids, truckers and even muscle car drivers flagged me down and gave me the thumbs-up. The Clarity doesn't look all that different from a normal car, but apparently people still notice it.

Sun kissed and sand fringed, Santa Monica and Venice Beach are in fact LA's green belt. Here, sustainability sells. Surfboard and skateboard makers Arbor use bamboo not only for their wave and street riders but also for clothing. It's no gimmick. Surfers might want the cleanest of water, but would never relinquish speed across the surf or pavements for sustainability. Serving in Venice today is the Green Truck to Go, a mobile kitchen powered by biofuel and solar-power, that dishes up meals of local produce from the side of the road. I grab a fantastic tortilla wrap to keep myself fuelled.

"LA is really a green place at heart. Only because we need our cars so much is that compromised," says Green Truck founder Mitchell Collier, whose regular customers include the film director Ridley Scott and the celebrity photographer Annie Leibovitz. "It is becoming normal now in LA to choose the green option, given one." Our last stop is for a bite at Akasha, LA's top organic restaurant. Pierce Brosnan and Robert Redford swing by. Miley Cyrus, who was filming in studios at Culver City, also makes an appearance.

"I'd like to say we are doing something new," says Akasha Richmond. "But go back to Hollywood in the 1930s and health food and green living were all the rage then. The Germans brought their organic living with them to LA and Hollywood lapped it up. "The difference now is that so much of that has been diluted that the green movement has a greater fight to get its head above water. But the immediate influence of stars and their eco beliefs has been tremendous."

It's obvious that Californians are serious about going green, which makes it obvious why Honda chose the Golden State as its Clarity test bed. With the success of the hydrogen car here, one can only wonder how soon the Clarity will be seen in driveways in the rest of the US states - and beyond. * The National

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

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Scoreline

Saudi Arabia 1-0 Japan

 Saudi Arabia Al Muwallad 63’

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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
ICC Intercontinental Cup

UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed

Fixtures Nov 29-Dec 2

UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi

Hong Kong v Papua New Guinea, Sharjah Cricket Stadium

Ireland v Scotland, Dubai International Stadium

Namibia v Netherlands, ICC Academy, Dubai

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
World Cup warm up matches

May 24 Pakistan v Afghanistan, Bristol; Sri Lanka v South Africa, Cardiff

May 25 England v Australia, Southampton; India v New Zealand, The Oval

May 26 South Africa v West Indies, Bristol; Pakistan v Bangladesh, Cardiff

May 27 Australia v Sri Lanka, Southampton; England v Afghanistan, The Oval

May 28 West Indies v New Zealand, Bristol; Bangladesh v India, Cardiff

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 

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.”

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Founder: Ayman Badawi

Date started: Test product September 2016, paid launch January 2017

Based: Dubai, UAE

Sector: Software

Size: Seven employees

Funding: $170,000 in angel investment

Funders: friends

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TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

FIXTURES

Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan

The top two teams qualify for the World Cup

Classification matches
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.

Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place playoff

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.