An 'intelligent system' of road signs, multimedia and multilingual broadcasts that warn drivers of road conditions and offer alternate routes aims to keep the capital's traffic moving.
An 'intelligent system' of road signs, multimedia and multilingual broadcasts that warn drivers of road conditions and offer alternate routes aims to keep the capital's traffic moving.
An 'intelligent system' of road signs, multimedia and multilingual broadcasts that warn drivers of road conditions and offer alternate routes aims to keep the capital's traffic moving.
An 'intelligent system' of road signs, multimedia and multilingual broadcasts that warn drivers of road conditions and offer alternate routes aims to keep the capital's traffic moving.

Capital goes high-tech to cut traffic jams


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ABU DHABI // A management system is planned for the capital's traffic that includes road signs and multimedia broadcasts with constantly updated information to alert drivers to traffic jams, accidents and the best alternative routes to their destinations.

The Department of Transport (DoT) says the integrated Intelligent Transportation System (ITS) involves a five-year project plan to provide an advanced network of communication and information technology to drivers.

The net result of this information flow to motorists will be smoother and safer roads with less congestion, while the problems of insufficient transport infrastructure, increasing emissions and more cars on the road should be minimised.

A detailed design for the project should be presented in the first quarter of next year, officials said.

The ITS will initially focus on managing traffic and incidents along limited-access highways in the metropolitan area.

Congestion and incident information will be relayed via bilingual, automated voice broadcasts on a highway advisory radio station.

Dynamic messaging signs will also be installed before en-route decision points - particularly at bridges and freeway interchanges - to give drivers the latest information on the best routes to take, and ones to avoid.

Web and mobile phone information services will also allow drivers easy access to information.

Khalid Mohammed Hashim, the executive director of land transport at the DoT, explained that the goal was to create a world-class transportation system in the emirate.

"Traditionally, this has typically meant building new highways and infrastructure," he said.

"However, it has become clear that the future of transportation is increasingly dependent on ITS."

Officials said the new network technology would help reduce travel time - real-time information where travellers can plan their trip accordingly will mean less traffic bottlenecks and less waiting.

"For example, a person will receive the approximate travel time from point A to point B via various modes, like buses or personal vehicles," said Bader al Qamzi, the director of integrated planning at the DoT.

"Multiple travel times, using different routes for the same destinations, will also be posted on the dynamic message signs. Then, drivers will choose the best [route] to take."

Mr al Qamzi said that by being prepared for heavy congestion, and aware of accidents, motorists could use caution and reduce their speed accordingly, resulting in less primary and secondary accidents.

Through the quicker detection, verification and clearing of incidents, Mr al Qamzi said, travel time would be reduced, which would also ultimately help reduce greenhouse emissions.

However, the ITS projects would take time to implement, Mr Hashim said, and therefore a number of quick-deployment solutions were in progress.

These "quick-win" projects, which will be completed before the third quarter of next year, include portable variable message signs - which alert drivers to real-time congestion - incident detection stations, non-citation traffic cameras and a Web-based traffic congestion platform.

The ITS network would be monitored and operated from the Abu Dhabi Transportation Management Centre, which would work around the clock, and provide consolidated and integrated operations facilities, officials said.

The centre will be responsible for the integration of regional and urban traffic management, public transport management and operations, and co-ordinated incident and emergency management.

Future ITS strategy plans for the emirate including providing weather and speed advisory information on rural routes, parking information for central business districts and information systems for future public transport projects.

What to expect...

In the long term:

• A Highway Advisory Radio system will broadcast voice messages through an AM or FM frequency to alert motorists of road conditions. This will work in conjunction with static signs placed on the road with flashing beacon lights, and will mainly be used during poor weather when signs are not visible.

• En-route car navigation system feeds newer car models with road information either by displaying incident information on their built-in navigation systems or by overriding their stereo system to alert them of any accidents or adverse weather conditions ahead.

In the short term:

• Incident detection stations consisting of devices placed on roadsides to detect any disturbances to traffic flow.

• Non-citation traffic cameras will monitor traffic flow and help verify traffic incidents.

• The Geographic Information System is a Web-based map showing the road network of a certain area. The system will indicate the level of traffic flow using red for heavy traffic, yellow for moderate and green for free-flowing.

Source: Bader al Qamzi, the director of integrated planning at the Department of Transport

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Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

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.”

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

One in nine do not have enough to eat

Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.

One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.

The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.

Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.

It is currently estimated that one in nine people globally do not have enough to eat.

On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.

Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.

 

RESULT

Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')

SHAITTAN
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