DUBAI // More feeder buses, new routes and better coordination with Dubai Metro timings will be in place soon, as per new plans by Dubai’s transport agency.
The Roads and Transport Authority said it would roll out the changes to accommodate the increasing number of commuters on some of its busy routes. Feeder buses help to connect passengers from the metro stations with neighbourhoods in the vicinity.
“Some changes are planned after the holy month of Ramadan that includes increasing the capacity on route F43, that operates to Discovery Gardens, F22 and introducing route F21, that will connect Stadium metro station to Al Nahda 1 development,” said Essa Abdulrahman Al Hashemi, director of planning and business development with the Public Transport Agency.
“There are more trips planned during the mid day on route F29, connecting Mall of the Emirates with Motor City and the International Media Production Zone. There is also a plan to enhance the level of service on routes F11, F25 and F15, that operate in both the Trade Centre area and Al Quoz area.”
He did not elaborate on the enhancements.
RTA said it also planned to operate bus number F54, which connects passengers commuting inside the Jebel Ali Free Zone (Jafza), on Friday mornings.
“It will integrate with route 91 to provide Jafza development with bus service operating to the CBD area such as route 91 and 91A,” said Mr Al Hashemi.
He said all the feeder buses in Dubai would be better integrated to coincide with the Dubai Metro’s timings.
Commuters welcomed the move but said more changes were needed.
“More buses would mean better connectivity,” said Pulkit Jangit, who works for a local bank and rides on the Metro frequently.
“It is especially good for those who have office jobs. If the frequency is increased and if there is better connectivity, I will also use them,” said Mr Jangit, who rarely uses the feeder buses because of the time spent waiting for them.
“It would be good if the buses came faster because we have to wait a very long time in the hot sun,” said Angela, a domestic worker who preferred to give only her first name.
“It would also be better if the Metro started early on Fridays because 1pm is very late for us. Many of us have Fridays off and have to wait until afternoon to take the Metro.”
Officials said they were looking at upgrading services.
“The Dubai Metro has been running for five years and the RTA continues to make improvements to the network and the way that it is run,” said Abdullah Yousef Al Ali, acting chief executive of the RTA’s Rail Agency.
“Sometimes it seems slow to make these changes but they are all considered over time and introduced gradually and the Metro is definitely one of the best run in the world today.”
According to Mr Al Ali, there are more than seven times the number of daily commuters using the service today compard with when it launched in September 2009.
“The number of average daily passengers has increased from 60,000 passengers per day in 2009 to more than 450,000 passengers per day in 2014.”
He said the number of train users was expected to rise even further.
“We do carefully study the plans to deal with increase in demand. We have spare trains in case we see increase in demand plus we change the headway to bring more timetabled trains in service.”
On average, there are 51 trains on the Red Line and 14 trains on the Green Line. During peak hours, there is a train every three minutes.
pkannan@thenational.ae
UAE%20v%20West%20Indies
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The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
COMPANY%20PROFILE
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The specs
Engine: 2.0-litre 4-cyl, 48V hybrid
Transmission: eight-speed automatic
Power: 325bhp
Torque: 450Nm
Price: Dh359,000
On sale: now
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Dubai Women's Tour teams
Agolico BMC
Andy Schleck Cycles-Immo Losch
Aromitalia Basso Bikes Vaiano
Cogeas Mettler Look
Doltcini-Van Eyck Sport
Hitec Products – Birk Sport
Kazakhstan National Team
Kuwait Cycling Team
Macogep Tornatech Girondins de Bordeaux
Minsk Cycling Club
Pannonia Regional Team (Fehérvár)
Team Auvergne-Rhône-Alpes
Team Ciclotel
UAE Women’s Team
Under 23 Kazakhstan Team
Wheel Divas Cycling Team
RESULT
Uruguay 3 Russia 0
Uruguay: Suárez (10'), Cheryshev (23' og), Cavani (90')
Russia: Smolnikov (Red card: 36')
Man of the match: Diego Godin (Uruguay)
Company profile
Name: One Good Thing
Founders: Bridgett Lau and Micheal Cooke
Based in: Dubai
Sector: e-commerce
Size: 5 employees
Stage: Looking for seed funding
Investors: Self-funded and seeking external investors
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MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
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.”
Shubh Mangal Saavdhan
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Starring: Ayushmann Khurrana, Bhumi Pednekar
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Recycle Reuse Repurpose
New central waste facility on site at expo Dubai South area to handle estimated 173 tonne of waste generated daily by millions of visitors
Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site
Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area
Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent organic waste and 13 per cent general waste.
About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor
Recycling at Ras Al Khor unit:
Plastic items to be converted to plastic bags and recycled
Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays
Glass waste into bowls, lights, candle holders, serving trays and coasters
Aim is for 85 per cent of waste from the site to be diverted from landfill
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
UAE and Russia in numbers
UAE-Russia ties stretch back 48 years
Trade between the UAE and Russia reached Dh12.5 bn in 2018
More than 3,000 Russian companies are registered in the UAE
Around 40,000 Russians live in the UAE
The number of Russian tourists travelling to the UAE will increase to 12 percent to reach 1.6 million in 2023
UAE currency: the story behind the money in your pockets