Olaf Scholz during a budget debate in the German parliament in Berlin. Reuters
Olaf Scholz during a budget debate in the German parliament in Berlin. Reuters
Olaf Scholz during a budget debate in the German parliament in Berlin. Reuters
Olaf Scholz during a budget debate in the German parliament in Berlin. Reuters

Scholz says Germany is 'winter-proof' after push to replace Russian gas


Tim Stickings
  • English
  • Arabic

German Chancellor Olaf Scholz said on Wednesday that the country was ready for winter after finding alternatives to Russian energy.

In a budget debate in parliament, Mr Scholz praised the public for their “prudence and community spirit” in conserving gas.

It came after a new gas terminal was built in record time, condemned coal and nuclear plants were restored to the grid and storage tanks were filled to capacity to prepare for winter.

A warm October helped Germans make major cutbacks in their gas consumption ― although many businesses are worried about high costs with temperatures plunging in recent days.

“Germany is crisis-proof and winter-proof because of the adaptability and strength of its citizens and, yes, because of this government’s work,” Mr Scholz told MPs.

“A year ago our gas storage tanks were as empty as they had rarely been before ― today they are filled to the brim.”

In an impassioned defence of his 11 months in power, Mr Scholz said Germany was addressing mistakes of the past in energy, climate, military and economic policy that left it reliant on Russia.

He condemned what he called the “Alice in Wonderland” politics of opposition leader Friedrich Merz, who denounced Mr Scholz’s record on energy and defence policy.

Mr Merz, the leader of the Christian Democrats (CDU), said promised upgrades to the military funded by €100 billion ($103.1 billion) of borrowing had yet to materialise.

A new gas terminal in Wilhelmshaven will allow Germany to buy gas on the world market rather than from Russia. Reuters
A new gas terminal in Wilhelmshaven will allow Germany to buy gas on the world market rather than from Russia. Reuters

He said the Greens in Mr Scholz’s coalition had let ideology get in the way of energy policy, after a fractious debate on nuclear power.

Mr Scholz laid the blame for Germany’s problems at the door of the previous 16 years of conservative-led governments ― in which he served as finance minister for the last four.

“I’ve heard you tell your party in all seriousness, Mr Merz, that the last 16 years of CDU-led governments were not the problem, but the last 16 weeks under my coalition,” Mr Scholz said.

“I can only say that anyone who believes that believes in talking white rabbits. Welcome to Alice’s Wonderland.”

Mr Scholz said military upgrades would take time as the necessary factories and machinery are built up.

But Mr Merz said the chancellor had broken promises by failing to raise defence spending to the Nato target of 2 per cent of GDP.

Opposition leader Friedrich Merz criticised the record of Olaf Scholz's government. Getty Images
Opposition leader Friedrich Merz criticised the record of Olaf Scholz's government. Getty Images

There is a consensus among German MPs that the armed forces are in a shabby state, but parties differ on who is to blame.

Mr Scholz blamed a succession of conservative defence ministers, while the opposition says it was the Social Democrats who blocked higher spending.

“After years of neglect we are ensuring we have a modern, strong military that can protect our allies and our country,” he said.

The chancellor defended a planned €200 billion package of energy subsidies, which angered some European countries who could not afford to prop up their economies so extensively.

He said it would help businesses and workers to bridge the gap until cheaper energy can be produced at home, with Mr Scholz’s coalition planning a huge expansion of wind and solar energy.

Germany prepares for the Christmas period - in pictures

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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.

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COMPANY PROFILE

Name: Grubtech

Founders: Mohamed Al Fayed and Mohammed Hammedi

Launched: October 2019

Employees: 50

Financing stage: Seed round (raised $2 million)

 

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Directed by Sam Mendes

Starring Dean-Charles Chapman, George MacKay, Daniel Mays

4.5/5

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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

MEFCC information

Tickets range from Dh110 for an advance single-day pass to Dh300 for a weekend pass at the door. VIP tickets have sold out. Visit www.mefcc.com to purchase tickets in advance.

The specS: 2018 Toyota Camry

Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km

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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

FIXTURES

Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)

Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)

Friday, February 1
Final, Zayed Sports City Stadium (6pm)

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

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Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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Updated: November 23, 2022, 11:36 AM