FAB Properties is partnering with Abu Dhabi Energy Services to reduce water and electricity consumption at its buildings. Photo: Ades
FAB Properties is partnering with Abu Dhabi Energy Services to reduce water and electricity consumption at its buildings. Photo: Ades
FAB Properties is partnering with Abu Dhabi Energy Services to reduce water and electricity consumption at its buildings. Photo: Ades
FAB Properties is partnering with Abu Dhabi Energy Services to reduce water and electricity consumption at its buildings. Photo: Ades

FAB Properties teams up with Ades to boost energy efficiency across its portfolio


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FAB Properties, a unit of the UAE's biggest lender First Abu Dhabi Bank, is teaming up with Abu Dhabi Energy Services to reduce water and electricity consumption across its portfolio of properties.

Ades, which is part of Taqa, the Abu Dhabi National Energy Company, will retrofit FAB Properties buildings to help the company achieve energy efficiency and reduce its carbon footprint, the two companies said on Sunday.

“Our partnership with FAB Properties will allow Ades to explore the implementation of the latest energy saving technologies across its buildings and facilities,” Khalid Al Qubaisi, chief executive of Ades, said.

“Our solutions will result in significant savings in electricity and water consumption and reduce CO2 emissions, to further advance the national sustainability agenda.”

The agreement comes as companies across the UAE look to support the country's push to become carbon neutral by 2050. The UAE, the Arab world’s second largest economy, is spending more than $160 billion to develop new clean energy projects over the next three decades.

“As one of the UAE’s leading real estate service providers, FAB Properties is committed to supporting all government initiatives aimed at minimising our carbon footprint and delivering sustainable value to our society,” Jasim Al Ali, chief executive of FAB Properties, said.

FAB Properties, which is based in Abu Dhabi, manages a portfolio of more than 20,000 units across different market segments. The company was set up in 2011.

Established in 2020, Ades focuses on reducing water and electricity consumption in the emirate and promotes sustainable practices.

Other companies in Abu Dhabi are also taking steps to reduce their carbon footprints. Aldar, the UAE's largest listed property company, signed an agreement with Emirates Water and Electricity Company this month to power all of its owned and managed assets with clean energy sources for up to five years.

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if you go

The flights

Flydubai flies to Podgorica or nearby Tivat via Sarajevo from Dh2,155 return including taxes. Turkish Airlines flies from Abu Dhabi and Dubai to Podgorica via Istanbul; alternatively, fly with Flydubai from Dubai to Belgrade and take a short flight with Montenegro Air to Podgorica. Etihad flies from Abu Dhabi to Podgorica via Belgrade. Flights cost from about Dh3,000 return including taxes. There are buses from Podgorica to Plav. 

The tour

While you can apply for a permit for the route yourself, it’s best to travel with an agency that will arrange it for you. These include Zbulo in Albania (www.zbulo.org) or Zalaz in Montenegro (www.zalaz.me).

 

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Petrarch: Everywhere a Wanderer
Christopher Celenza,
Reaktion Books

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The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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Iraq negotiating over Iran sanctions impact
  • US sanctions on Iran’s energy industry and exports took effect on Monday, November 5.
  • Washington issued formal waivers to eight buyers of Iranian oil, allowing them to continue limited imports. Iraq did not receive a waiver.
  • Iraq’s government is cooperating with the US to contain Iranian influence in the country, and increased Iraqi oil production is helping to make up for Iranian crude that sanctions are blocking from markets, US officials say.
  • Iraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, pumped last month at a record 4.78 million barrels a day, former Oil Minister Jabbar Al-Luaibi said on Oct. 20. Iraq exported 3.83 million barrels a day last month, according to tanker tracking and data from port agents.
  • Iraq has been working to restore production at its northern Kirkuk oil field. Kirkuk could add 200,000 barrels a day of oil to Iraq’s total output, Hook said.
  • The country stopped trucking Kirkuk oil to Iran about three weeks ago, in line with U.S. sanctions, according to four people with knowledge of the matter who asked not to be identified because they aren’t allowed to speak to media.
  • Oil exports from Iran, OPEC’s third-largest supplier, have slumped since President Donald Trump announced in May that he’d reimpose sanctions. Iran shipped about 1.76 million barrels a day in October out of 3.42 million in total production, data compiled by Bloomberg show.
  • Benchmark Brent crude fell 47 cents to $72.70 a barrel in London trading at 7:26 a.m. local time. U.S. West Texas Intermediate was 25 cents lower at $62.85 a barrel in New York. WTI held near the lowest level in seven months as concerns of a tightening market eased after the U.S. granted its waivers to buyers of Iranian crude.
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 
The%20specs
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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

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Updated: January 30, 2022, 9:57 AM