The chief executives of the largest US airlines warned of a "catastrophic disruption" to travel and shipping operations if telecommunication firms roll out their 5G technology as planned on January 19. AFP
The chief executives of the largest US airlines warned of a "catastrophic disruption" to travel and shipping operations if telecommunication firms roll out their 5G technology as planned on January 19. AFP
The chief executives of the largest US airlines warned of a "catastrophic disruption" to travel and shipping operations if telecommunication firms roll out their 5G technology as planned on January 19. AFP
The chief executives of the largest US airlines warned of a "catastrophic disruption" to travel and shipping operations if telecommunication firms roll out their 5G technology as planned on January 19


How 5G cancelled your flight to the US


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January 20, 2022

The world always seems to have a soft spot for the aviation sector. Flagship carriers are heavily subsidised in many countries and when financial crises strike, airlines are at the front of the queue for bailouts. In the US, charges of preferential treatment for aviation were levied once again this week, this time by the country’s telecommunications behemoths, as a row over 5G telecoms networks comes to a head.

The telecoms operators, notably AT&T and Verizon, last year paid the US government $80 billion to secure the right to use a portion of the radio spectrum known as the C-band to roll out 5G technology, offering their customers – more than 200 million Americans – higher speeds for wireless services. The portion of C-band allocated for 5G by the Federal Communications Commission (FCC) is capped at 3.98 gigahertz.

The trouble, as the aviation sector sees it, is that this frequency sits perilously close – within 220 megahertz – to that used by critical airplane instruments. Studies show that while the risk of interference between 5G and avionics tools is very low, if it occurs, the consequences could be catastrophic. This week, such fears led to the Federal Aviation Administration (FAA) effectively barring a majority of passenger and cargo flights from operating in US airspace, for fear of interference from 5G towers located near runways. This has resulted in hundreds of delays and cancellations, including many inbound flights from major overseas carriers such as Emirates, Japan Airlines and Air India.

In the past year, US telecoms firms have twice delayed plans to roll out 5G to give the aviation sector time to find reassurance. After all, AT&T argues, 5G is used in dozens of countries around the world without issues. Airlines counter that other countries have a lower ceiling for their 5G networks (in Europe, the limit is 3.8 gigahertz), and operate towers using less power.

US telecoms operators paid the government $80bn to secure the 5G rollout

At the heart of the dispute, however, is not technology, but bureaucratic infighting. The FCC allocates portions of the radio spectrum almost unilaterally, and government departments in America are notoriously bad at talking to one another. Regulatory agencies, moreover, often side with the industries they regulate when they are pitted against each other; the 5G fight is most acutely a dispute between the FCC and FAA. The former feels that cutting-edge technology is being stifled, while the latter feels snubbed by the way the spectrum is managed.

Industry culture has played a role, too. US telecoms firms, as well as the FCC, are at the front lines of a technology battle with China, which has long embraced 5G. They are willing to push the frequency limit higher to get better quality for their tech. Aviation, on the other hand, is resisting change – and costs – particularly at a time when it has had to deal with near-paralysis from the damage of Covid-19. AT&T executives have pointed out that the aviation sector had two years’ notice of a potential 5G rollout within the C-band, and has taken no steps to adapt its instruments or practices accordingly.

The dispute has also made worse an ongoing battle in the public square between scientists and conspiracy theorists over the supposed negative health effects of 5G. There are none. But the alarmism has led the more conspiratorially minded to conflate the FAA’s concerns with their own.

As Tom Wheeler, a former FCC chairman, points out, the most fundamental problem is “a lack of federal leadership”. The US lacks a unified policy on radio spectrum allocation and use, or anybody tasked with getting various stakeholders to agree. The lower frequency and power limits, as well as other precautions, that other countries use to make 5G work were not a product of bureaucratic intuition or an aversion to change. They were the result of leadership and compromise.

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed

Results

6.30pm: Mazrat Al Ruwayah – Group 2 (PA) $36,000 (Dirt) 1,600m, Winner: RB Money To Burn, Tadhg O’Shea (jockey), Eric Lemartinel (trainer)

7.05pm: Handicap (TB) $68,000 (Turf) 2,410m, Winner: Star Safari, William Buick, Charlie Appleby

7.40pm: Meydan Trophy – Conditions (TB) $50,000 (T) 1,900m, Winner: Secret Protector, William Buick, Charlie Appleby

8.15pm: Al Maktoum Challenge Round 2 - Group 2 (TB) $293,000 (D) 1,900m, Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass

8.50pm: Al Rashidiya – Group 2 (TB) $163,000 (T) 1,800m, Winner: Zakouski, William Buick, Charlie Appleby

9.25pm: Handicap (TB) $65,000 (T) 1,000m, Winner: Motafaawit, Sam Hitchcock, Doug Watson

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Empty Words

By Mario Levrero  

(Coffee House Press)
 

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

PREMIER LEAGUE STATS

Romelu Lukaku's goalscoring statistics in the Premier League 
Season/club/appearances (substitute)/goals

2011/12 Chelsea: 8(7) - 0
2012/13 West Brom (loan): 35(15) - 17
2013/14 Chelsea: 2(2) - 0
2013/14 Everton (loan): 31(2) - 15
2014/15 Everton: 36(4) - 10
2015/16 Everton: 37(1) - 18
2016/17 Everton: 37(1) - 25  

WORLD CUP SEMI-FINALS

England v New Zealand

(Saturday, 12pm UAE)

Wales v South Africa

(Sunday, 12pm, UAE)

 

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.”

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

When Umm Kulthum performed in Abu Dhabi

  

 

 

 

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

 
THE BIO:

Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.

Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.

Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.

Personal motto: Believe it and you can achieve it.

Updated: January 20, 2022, 3:00 AM