Emirati Shaikaal Mazrooei, 26, from Ras al Khaiman, an Engineering Systems and Management program graduate student and one in Masdar's first graduating class,  poses for a portrait on Tuesday, May 31, 2011, at one of the labs at the Masdar Institute of Science and Technology near Abu Dhabi. (Silvia Razgova / The National)
Emirati Shaikha al Mazrooei, 26, from Ras al Khaimah, says as the Government subsidises more, we generate more and consumption will increase.

Dump utility subsidies, carefully



ABU DHABI // Shaikha al Mazrooei regards government subsidies of utilities as a bane to the environment.

In her research, which focused on reducing carbon emissions from the water and electricity markets, Ms al Mazrooei, 26, has found subsidies leave consumers with little incentive to conserve.

But any adjustments would need to be done carefully so as not to upset the economy, she said.

Working closely with the Environment Agency - Abu Dhabi and the Abu Dhabi Council for Economic Development, the Ras al Khaimah resident has suggested policies for the utilities sector.

"As the Government subsidises more, we generate more and consumption will increase," Ms al Mazrooei said.

Electricity and water rates in the UAE are among the lowest in the world, with the Government paying most of the bills for nationals and expatriates paying about half of the true cost.

The Government has made gradual moves to lift subsidies as part of a broader plan to reduce carbon emissions by 2030, but needs to do so without distorting markets, Ms al Mazrooei said.

"Once you impose one policy over one sector it will affect the whole economy," she said.

"We should be very careful in imposing different policies, because in the end we want to maintain certain economic growth and don't want to harm the economy in order to maintain environmental satisfaction."

Ms al Mazrooei said she was originally interested in studying sustainability approaches to architectural engineering, the area in which she received her degree at UAE University.

"Instead of designing buildings I am now implementing different policies, but at the end we want to achieve the same thing - to save … the environment," she said.

Ms al Mazrooei said she felt "culture shock" when she arrived at the Masdar Institute.

"The environment, it was very new for me because it was my first time to study in an area having this mix of nationalities from all over the world."

She has recently accepted a position at Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, where she said she would train to become a senior analyst.

"I want to apply [what I've learnt] and see how the results can be applicable for the Government," Ms al Mazrooei said.

"This is very important to the country."

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Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★

The specs

Engine: 1.5-litre 4-cyl turbo

Power: 194hp at 5,600rpm

Torque: 275Nm from 2,000-4,000rpm

Transmission: 6-speed auto

Price: from Dh155,000

On sale: now

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

Getting there

Etihad Airways flies daily to the Maldives from Abu Dhabi. The journey takes four hours and return fares start from Dh3,995. Opt for the 3am flight and you’ll land at 6am, giving you the entire day to adjust to island time.  

Round trip speedboat transfers to the resort are bookable via Anantara and cost $265 per person.  

 

 

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

The specs

Engine: 1.8-litre 4-cyl turbo
Power: 190hp at 5,200rpm
Torque: 320Nm from 1,800-5,000rpm
Transmission: Seven-speed dual-clutch auto
Fuel consumption: 6.7L/100km
Price: From Dh111,195
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The specs

Engine: 3.9-litre twin-turbo V8
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Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

KEY DATES IN AMAZON'S HISTORY

July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington

July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon

1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024

1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs

2000: Amazon Marketplace opens, allowing people to sell items on the website

2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006

2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black

2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year

2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video

2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started

2009: Amazon introduces Amazon Basics, its in-house label for a variety of products

2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013

2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS

2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa

2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition

2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone

It's Monty Python's Crashing Rocket Circus

To the theme tune of the famous zany British comedy TV show, SpaceX has shown exactly what can go wrong when you try to land a rocket.

The two minute video posted on YouTube is a compilation of crashes and explosion as the company, created by billionaire Elon Musk, refined the technique of reusable space flight.

SpaceX is able to land its rockets on land once they have completed the first stage of their mission, and is able to resuse them multiple times - a first for space flight.

But as the video, How Not to Land an Orbital Rocket Booster, demonstrates, it was a case if you fail, try and try again.

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Water waste

In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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


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