Here comes the sun … but at a high price


  • English
  • Arabic

ABU DHABI // Businesses are starting to take advantage of the sun's potential, but individual residents still have limited options for solar power.

"I don't think there is much that ordinary people can do to integrate solar into their lives," said Marwan Char, co-founder and managing director of the Dubai-based consulting company FuGu Energy.

In countries such as Germany, Spain and Japan, governments offer incentives to homeowners to instal solar panels and generate clean energy on site.

A homeowner might be allowed to sell surplus energy to the grid at lucrative rates, for example. Or government might provide interest-free loans or subsidies to purchase solar equipment.

In the UAE such incentives do not exist, Mr Char said.

While a rooftop array of solar panels may be out of reach for most people, a solar hot-water installation is more feasible, said Deetish Budkuley, General Manager of Ecoval, a company that supplies such systems.

The company sells mostly to hotels and developers, but each month it instals solar hot-water systems in one or two private homes. "There are people doing it, but not on a mass scale," he said.

It costs up to Dh10,000 to fit a three-bedroom house with such a system, and it takes up to five years to recoup the investment through energy-cost savings, he said.

Ideally, solar hot-water systems should be considered at the home design stage. Retro-fitting can be difficult, he said.

The Dubai-based entrepreneur Anu Agarwal offers small-scale solar alternatives at her online store and new kiosk in Mercato Mall. Ekotribe sells everyday products able to harness the power of the sun.

The array, a first for the country, includes a lantern featuring a small photovoltaic panel that converts sunlight into electricity. The panel charges the device during the day so that at night it can give off light without being plugged into the electricity supply.

The company also offers a solar mobile-phone charger and solar bags and backpacks of varying sizes, which allow users to charge electronic devices while storing them.

The goods inspire what Mrs Agarwal calls the "wow response" in those who visit the stand. "People do not believe that these items can do what we say they do," she said.

Compared with what humanity needs to do to avert global warming, buying a solar lantern or a charger is only "a baby step", she acknowledged.

"But if everybody starts making these," she said, "in the long-run it becomes a big step."

Tips for used car buyers
  • Choose cars with GCC specifications
  • Get a service history for cars less than five years old
  • Don’t go cheap on the inspection
  • Check for oil leaks
  • Do a Google search on the standard problems for your car model
  • Do your due diligence. Get a transfer of ownership done at an official RTA centre
  • Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
  • Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
  • If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell

Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
How Apple's credit card works

The Apple Card looks different from a traditional credit card — there's no number on the front and the users' name is etched in metal. The card expands the company's digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Its attributes include quick sign-up, elimination of most fees, strong security protections and cash back.

What does it cost?

Apple says there are no fees associated with the card. That means no late fee, no annual fee, no international fee and no over-the-limit fees. It also said it aims to have among the lowest interest rates in the industry. Users must have an iPhone to use the card, which comes at a cost. But they will earn cash back on their purchases — 3 per cent on Apple purchases, 2 per cent on those with the virtual card and 1 per cent with the physical card. Apple says it is the only card to provide those rewards in real time, so that cash earned can be used immediately.

What will the interest rate be?

The card doesn't come out until summer but Apple has said that as of March, the variable annual percentage rate on the card could be anywhere from 13.24 per cent to 24.24 per cent based on creditworthiness. That's in line with the rest of the market, according to analysts

What about security? 

The physical card has no numbers so purchases are made with the embedded chip and the digital version lives in your Apple Wallet on your phone, where it's protected by fingerprints or facial recognition. That means that even if someone steals your phone, they won't be able to use the card to buy things.

Is it easy to use?

Apple says users will be able to sign up for the card in the Wallet app on their iPhone and begin using it almost immediately. It also tracks spending on the phone in a more user-friendly format, eliminating some of the gibberish that fills a traditional credit card statement. Plus it includes some budgeting tools, such as tracking spending and providing estimates of how much interest could be charged on a purchase to help people make an informed decision. 

* Associated Press 

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years