Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai holds a stake, is taking steps to harness renewable energy to power its operations as part of its ongoing sustainability practises.
The company will partner with TotalEnergies to install solar panels on its glass-manufacturing facilities Emirates Glass and Lumiglass Industries in the UAE, which is expected to reduce carbon emissions by approximately 1,200 tonnes annually or the equivalent of planting about 30,000 trees.
"The rooftop solar panel installation at both Emirates Glass and Lumiglass facilities is an extension of the sustainable initiatives and is aimed at reducing the reliance on grid-energy as well energy costs. These solar panels are expected to generate around 2,800 megawatt-hours (MWh) of green energy per year from these two locations”, said Rizwanulla Khan, executive president of Emirates Glass and Lumiglass Industries.
The UAE became the first country in the Middle East and North Africa region to adopt the pledge to offset all of its domestic carbon emissions by 2050, followed by Saudi Arabia and Bahrain. In line with its net-zero initiatives, the UAE plans to invest $160 billion over the next three decades to hasten renewable energy development.
Companies in the country are also pledging to reduce their environmental footprint by the middle of the century, as the pandemic underscored the importance of sustainable growth.
“TotalEnergies in the Middle East is actively contributing to the development of solar energy in the UAE, partially through creating long-term impactful partnerships like the one we have with Dubai Investments,” said Hamady Sy, managing director of TotalEnergies Renewables Distributed Generation in the Middle East and Africa.
Constructed with approximately 3,000 photovoltaic panels, the 1.20 megawatt-peak (MWp) solar rooftop system is expected to produce more than 1,900 MWh annually. The electricity generated by the solar rooftop will cover about 19 per cent of Emirates Glass facilities' energy needs.
Dubai Investments' third-quarter net profit attributable to the owners of the company for the three months to the end September fell 28 per cent to Dh153.5m from a year earlier, as revenue decreased and administrative expenses rose, it said last month in a statement to the Dubai Financial Market, where its shares are traded.
Set up in 1995, Dubai Investments owns businesses such as Dubai Investments Park, venture capital company Masharie, Al Mal Capital and district cooling company Emicool.
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
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Power: Combined output 920hp
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Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Joe Root (c), Moeen Ali, Jimmy Anderson, Jonny Bairstow, Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Ollie Pope, Adil Rashid, Ben Stokes, James Vince, Chris Woakes
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Changing visa rules
For decades the UAE has granted two and three year visas to foreign workers, tied to their current employer. Now that's changing.
Last year, the UAE cabinet also approved providing 10-year visas to foreigners with investments in the UAE of at least Dh10 million, if non-real estate assets account for at least 60 per cent of the total. Investors can bring their spouses and children into the country.
It also approved five-year residency to owners of UAE real estate worth at least 5 million dirhams.
The government also said that leading academics, medical doctors, scientists, engineers and star students would be eligible for similar long-term visas, without the need for financial investments in the country.
The first batch - 20 finalists for the Mohammed bin Rashid Medal for Scientific Distinction.- were awarded in January and more are expected to follow.
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Transmission: 8-speed auto
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8.50pm: Handicap Dh210,000 (D) 2,000m. Winner: Tried And True, Pat Dobbs, Doug Watson.
9.25pm:Handicap Dh185,000 (D) 1,400m. Winner: Midnight Sands, Pat Dobbs, Doug Watson.
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The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Killing of Qassem Suleimani
Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3
