The Adnoc smart self-service station is launched in Abu Dhabi. Mona Al Marzooqi / The National
The Adnoc smart self-service station is launched in Abu Dhabi. Mona Al Marzooqi / The National
The Adnoc smart self-service station is launched in Abu Dhabi. Mona Al Marzooqi / The National
The Adnoc smart self-service station is launched in Abu Dhabi. Mona Al Marzooqi / The National

Adnoc self-service fuelling trial proves tricky for some


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ABU DHABI // Many motorists in the capital had to fill their own cars with petrol for the first time on Tuesday — with varying degrees of success.

Adnoc’s Smart Self-Service Fuelling trial began with residents required to fill up at four of Adnoc’s service stations: the Rabdan station in Al Mushrif area on Sheikh Rashid bin Saeed Al Maktoum Street, Al Nasr station on Sheikh Zayed the First Street, Al Zafarana on Muroor Road and Al Qanah service station on Al Khaleej Al Arabi Street.

Forecourts were busy as staff explained the new procedures to motorists.

“This is the first time I’ve used it, it looks simple but they should use more payment options,” said Emirati Lofty Bamatraf, who was filling up at the Rabdan branch.

“It’s a lengthy process. I was trying to select through the bank card but it was not accepting it. They told me it’s not yet activated,” he said. “My refuelling is finished but it’s still showing fuelling in progress.

“There is an option to pay using an Emirates ID card and I did the registration two weeks back,” he said. “But it was not working.

“I am planning to go for smart tag. I want a system similar to Salik, just come, fill up and go. First impression is good, but they should make it more smart.”

Another Emirati at Al Zafarana on Muroor Road said the new system was causing delays. “Look at the traffic jam on the main road, they should choose some petrol stations that are not that busy. It’s busy and we have to wait a long time for petrol. I had other things to do but now it’s late so I can’t do them. It took me 20 minutes to get the petrol,” he said.

A woman from the UK had a better experience. “I am happy that similar systems are being implemented here as we have in our country,” she said.

Adnoc says the new system will help drivers and make filling up quicker and easier. “We are closely monitoring and evaluating the pilot phase of Adnoc Smart and the customer’s actual experience throughout the eight-month period,” said Abdulla Salem Al Dhaheri, chief executive of Adnoc Distribution. “Based on the outcome, we hope to expand the service after carrying out improvements as needed across our network of service stations in the Emirate of Abu Dhabi.”

To use the system, customers should register for an “Adnoc Wallet” account. It allows customers to pay at the smart service stations in three ways: via Smart Tag, a smart chip installed at the fuel inlet of a vehicle’s fuel tank and linked to the Adnoc Wallet account, the Adnoc Plus cards, or via their Emirates ID cards also linked to the Adnoc Wallet.

Further details can be found at adnocdistribution.ae/en/motorists/adnoc-smart

The pilot phase will continue until October 1.

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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.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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