A new source of energy discovered in the UAE on 5,000 square kilometres of land on the border between Dubai and Abu Dhabi will support the country's aim to be totally self-sufficient and also provide additional power capacity to boost broader economic diversification efforts. This week, host Mustafa Alrawi, assistant editor in chief, and Kelsey Warner, future editor of The National, talk to energy correspondent Jennifer Gnana about the new discovery and the factors weighing on oil prices. Joining them in studio is cofounder and principal at Changeosity, Suzanne Gandy, and an expert in culture and leadership transformation, social behaviour and the future of work.
The panel discuss energy markets as oil prices faced further losses, with Brent trading at its lowest in more than a year as fears over the economic impact of the coronavirus rattles markets. In this episode: UAE's new energy source (0m 52s) Coronavirus shocks the market (7m 24s) New social behaviours at work (13m 42s) Headlines (17m 35s) Read more on our website:
• Abu Dhabi and Dubai to develop new gas reservoir in Jebel Ali area
• Jebel Ali gas reservoir discovery the 'largest in 15 years'
• Oil slides further over coronavirus as Opec+ convenes to stabilise markets
• Regulatory disagreement on Boeing 737 Max wiring complicates jet's return
• UAE banks to maintain 'stable' credit profiles in 2020, S&P says
• Aramco-like IPO proposed for Indian insurer
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
Essentials
The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes.
Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes.
In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes.
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.