More Dubai metro stations to open



DUBAI // Seven of the remaining 18 incomplete Metro stations will be finished by April 25, according to the Roads and Transport Authority. Construction work will be complete on all stations on the Red Line, which first opened in October, but only Emirates station, Airport Terminal 1 station, GGICO station, Al Karama station, World Trade Centre station, Marina station, and Ibn Battuta station will be ready to accept passengers. Meanwhile, the completion of the Green Line has been pushed back until August next year, the RTA said in a statement. Mattar Al Tayer, the chairman of the board and executive director of the RTA, said the stations not due to open in April would become operational in "the following months of 2010". The Red Line launched with 10 stations last September. He said the seven stations to open in April had been chosen by the high number of surrounding residents, commercial activities, nearby government services, and how the stations integrate with a wider public transport network. Mr Al Tayer also said alterations to the Metro network and their associated costs would be funded from the RTA's budget allocation from the Government of Dubai. Changes included the Green Line's 5km extension from Dubai Healthcare City to al Jaddaf and the addition of extra stations such as that at Mall of the Emirates, not included in the original blueprint. "The RTA will provide the biggest portion of cash injections out of its budget - to cover the cost of the additional works on the Red and Green Lines, add new stations to meet the needs of property development projects, add a depot to accommodate the resultant increase in the capacity, and increase the number of footbridges linking with the Metro stations to enable the public use the Metro easily. The remaining portion of additional works' cost will be funded through the project contractor" said Mr al Tayer. The cost of the Red and Green lines will have risen from Dh15.5 billion to an estimated Dh28bn by the time the two tracks are complete next year. Changes include the Green Line's 5km extension from Dubai Healthcare City to al Jaddaf and the addition of extra stations such as the Red Line's Mall of the Emirates station. A senior engineer close to the Red Line's construction, speaking on condition of anonymity, said one member of the Japanese-led consortium constructing the lines stopped work for four weeks in January. Mitsubishi Heavy Industries, Mitsubishi Corporation, Obayashi Corporation, Kajima Corporation and Turkish firm Yapı Merkezi make up the consortium. "Engineers from Obayashi stopped working on January 14 so all construction stopped," said the engineer. Mr al Tayer also said the completion date for the 22.5 km Green Line had been delayed. The Green Line, with 18 stations is now scheduled to open in August 2011. The Green Line runs around Dubai Creek through Deira and Bur Dubai and will allow commuters to change between the Red and Green Line at two connecting stations, Union Square and Khalid bin al Waleed station. Sunil Amit, 34, an accountant from India who lives in Karama said it might help alleviate the congested parking around his building. "A lot of people come here to do business or go shopping who might park somewhere else and take the metro down," he said. Mr Amit said he might use the Metro to visit friends who live in Marina. "Maybe at the weekends I'll use it but during the week I need my car," he said. Ashish Patel, 25, who works in Karama, said the opening of the station would bring more business. "It will bring in more people I think. I have a lot of customers who say they either can't find parking or don't know their way around Karama. We have been waiting for the station to open to help this," said the shop assistant. eharnan@thenational.ae

The specs

Engine: 2.0-litre 4-cylinder turbo hybrid

Transmission: eight-speed automatic

Power: 390bhp

Torque: 400Nm

Price: Dh340,000 ($92,579

ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

THE SPECS

GMC Sierra Denali 1500

Engine: 6.2-litre V8

Transmission: 10-speed automatic

Power: 420hp

Torque: 623Nm

Price: Dh232,500

Stuck in a job without a pay rise? Here's what to do

Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.

“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”

Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.

Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.

“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”

For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.

“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”

 

How I connect with my kids when working or travelling

Little notes: My girls often find a letter from me, with a joke, task or some instructions for the afternoon, and saying what I’m excited for when I get home.
Phone call check-in: My kids know that at 3.30pm I’ll be free for a quick chat.
Highs and lows: Instead of a “how was your day?”, at dinner or at bathtime we share three highlights; one thing that didn’t go so well; and something we’re looking forward to.
I start, you next: In the morning, I often start a little Lego project or drawing, and ask them to work on it while I’m gone, then we’ll finish it together.
Bedtime connection: Wake up and sleep time are important moments. A snuggle, some proud words, listening, a story. I can’t be there every night, but I can start the day with them.
Undivided attention: Putting the phone away when I get home often means sitting in the car to send a last email, but leaving it out of sight between home time and bedtime means you can connect properly.
Demystify, don’t demonise your job: Help them understand what you do, where and why. Show them your workplace if you can, then it’s not so abstract when you’re away - they’ll picture you there. Invite them into your “other” world so they know more about the different roles you have.

UAE currency: the story behind the money in your pockets
COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded


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