A Dubai rooftop is crowded with air-conditioning units and satellite dishes. Sarah Dea / The National
A Dubai rooftop is crowded with air-conditioning units and satellite dishes. Sarah Dea / The National
A Dubai rooftop is crowded with air-conditioning units and satellite dishes. Sarah Dea / The National
A Dubai rooftop is crowded with air-conditioning units and satellite dishes. Sarah Dea / The National

Warning on high water and power use


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As Abu Dhabi’s population has grown, so has the rate at which the emirate uses energy and water, with experts warning the increases in demand are becoming unsustainable.

But a new campaign aims to teach residents that it is possible to reduce the amount of water and power they use, and save money on their bills, with small changes that can make a big difference.

“Abu Dhabi’s population has grown considerably over the past decade and is likely to continue which directly impacts the demand on resources,” said Nicholas Carter, director general of the Regulation and Supervision Bureau (RSB).

“Our campaign is designed to drive understanding of the true value of water and electricity while underlining the importance of making changes to everybody’s consumption habits now.”

The growth the emirate has experienced over the past 50 years is likely to continue in the near future. By 2030 the population is estimated to double from its present 1.5 million.

The demographic change cannot be sustained if trends in energy and water use continue, said Mr Carter.

“The peak demand for electricity has almost doubled over the last 10 years, putting tremendous pressure on the electricity grid,” he said.

“Maintaining secure and efficient supplies during peak periods is becoming increasingly challenging and it is estimated that cooling and air conditioning is responsible for 65 per cent of the peak electricity load in the summer months.”

The situation is just as challenging when it comes to water use. Abu Dhabi’s total use of desalinated water, which is produced in an energy-intensive process that comes with an effect on climate and marine resources, reached 1.1 billion cubic metres in last year.

By 2030, demand is expected to increase to more than 1.5 billion cu metres a year.

“Most of our water is produced by what are called co-generation plants: power plants that generate electricity and use the waste steam to desalinate the water we get in our taps,” said Mr Carter.

“The scale, effort and resources needed to maintain supplies of water and electricity and ensure plentiful supplies for growth and future generations are staggering.”

A comparison of per-capita use of energy and water in the UAE and other countries shows the challenge for the sector at present but also the large opportunities for savings.

While UAE residents on average use between 250 and 550 litres of water and 20 to 30 kilowatt hours of power a day, the international average is 170 to 300 litres and 15kWh, Mr Carter said.

Experts have said the affordable rates of energy and water in the UAE, with the Government covering most of the generation cost, as one reason behind the large use of resources.

While tariffs in Abu Dhabi are the most affordable in the country, in 2012 the RSB, in conjunction with Abu Dhabi Distribution Company, Al Ain Distribution Company and Abu Dhabi Water and Electricity Authority introduced new-look water and electricity bills.

They help residents to easily understand their level of use and the true cost of the resources.

Rashed Al Rashedi, deputy director general of RSB, said the bills showed whether consumption was below or above the ideal average.

“I urge everyone to take a few minutes to look at their bills and understand their consumption, then choose a saving tip or tips to try at home,” said Mr Al Rashedi.

“It really is as simple as that. For the sake of future generations it is vital that we change our habits now.”

vtodorova@thenational.ae

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SERIE A FIXTURES

Saturday (All UAE kick-off times)

Cagliari v AC Milan (6pm)

Lazio v Napoli (9pm)

Inter Milan v Atalanta (11.45pm)

Sunday

Udinese v Sassuolo (3.30pm)

Sampdoria v Brescia (6pm)

Fiorentina v SPAL (6pm)

Torino v Bologna (6pm)

Verona v Genoa (9pm)

Roma V Juventus (11.45pm)

Parma v Lecce (11.45pm)

 

 

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Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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'Tell the Machine Goodnight' by Katie Williams 
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The biog

Favourite book: Homegoing by Yaa Gyasi

Favourite holiday destination: Spain

Favourite film: Bohemian Rhapsody

Favourite place to visit in the UAE: The beach or Satwa

Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19

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Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

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  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

Persuasion
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Labour dispute

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5pm: Maiden (PA) Dh 80,000 1,400m

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National selection: EL Faust

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.”

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
From Zero

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Label: Warner Records

Number of tracks: 11

Rating: 4/5

THE SPECS

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Engine: 5.0-litre supercharged V8

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Power: 518bhp

Torque: 625Nm

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Price: Dh633,435

On sale: now