Business Extra: Sustainability Week and the future of AI



Abu Dhabi Sustainability Week is under way and it has been a big occasion as companies and investors display their green credentials.

A very public mea culpa was made by Siemens chief executive Joe Kaeser in an exclusive interview with The National's energy correspondent, Jennifer Gnana. The company's involvement in an Australian coal mining project involving India's Adani Group was a "mistake", but the company needs to complete the work to fulfil its contractual obligations, Mr Kaesar said.

Host Mustafa Alrawi, Assistant Editor-In-Chief, and Future Editor Kelsey Warner discuss the changing strategy of climate activists and attitudes towards climate responsibility in the business world. Kelsey also interviews Dr Mark Esposito at Abu Dhabi Sustainability Week about people's fears of artificial intelligence and the technology's potential. In this episode: Siemens and Adani (0m 30s) Kaeser under fire (4m 36s) Sustainability in the US (10m 37s) Abu Dhabi Sustainability Week (13m 47s) Dr Mark Esposito (16m 11s) Headlines (21m 27s) Read more on our website:

• Adani coal mine contract a 'mistake', Siemens CEO says

• US threat of sanctions against Iraq 'not helpful', says Siemens chief

• Famed investor Tim Draper says the Middle East has the potential to create 'rhinos'

• Aramco's IPO grows in size to $29.4bn as 'greenshoe' option exercised

• Adnoc extends and expands oil storage agreement with Japan

Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

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