A fleet of driverless shuttles is getting ready to hit the road after a successful trial in Sharjah.
The eco-friendly vehicles, operated by UAE-based smart transport firm Ion, were put through their paces in the sprawling University City of Sharjah education district.
Sharjah Police were on hand to ensure testing was completed safely.
The trial was designed to assess the operational efficiency of the autonomous shuttles in a large area.
The next generation vehicles, which took students between colleges, is equipped with 3D vision, environment recognition, automatic route navigation, sensors and motion-sensor doors.
The smart shuttles are emissions free, wheelchair accessible and can carry up to 15 passengers.
Ion announced a partnership with Navya, a French company which specialises in autonomous transport, for the concept in January.
“I am pleased to announce the successful completion of our Navya autonomous shuttle trials at Sharjah University City," said Ion chairman Khaled Al Huraimel.
"The smart electric shuttles have the potential to offer regular and dependable services within the city, while reducing vehicular traffic and improving air quality.
"We thank the university management and Sharjah Police for their collaboration as we seek mutually beneficial solutions.”
The Navya shuttles are part of a larger fleet that has been in operation in Abu Dhabi's Masdar City for the past two years.
“The autonomous shuttles pilot trial with Ion enables us to enrich our students' experience, exploring the possibility of advanced means of mobility solutions within the University City, and contributing to the preservation of the environment," said Khalid bin Butti Al Hajri, director general of the University City of Sharjah.
The project is part of an effort by Ion to make the transport sector more sustainable.
In September, the company announced a partnership with Sharjah Roads and Transport Authority to launch an on-demand ride-hailing service that involves electric vehicles.
It will be available in the emirate by the end of the year and will then begin serving the rest of the UAE.
Ion's electrical vehicles were used to take Sharjah Medical District’s doctors to home visits and coronavirus testing.
They were also used for medicine deliveries by University Hospital Sharjah.
Nationwide, autonomous transport has been high on the agenda for years.
In July, the UAE ranked eighth in KPMG's annual Autonomous Vehicles Readiness Index, performing well in technology infrastructure and the willingness of its people and government to embrace driverless cars.
The UAE is continuing with its strategy of making 25 per cent of transport autonomous by 2030, a move that began in 2016.
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Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
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Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
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