The Abu Dhabi Investment Office (Adio) is joining up with Siemens Energy to accelerate the journey to net zero in the UAE and globally.
Under the agreement, Adio, the government body responsible for attracting investment to the emirate, will provide Siemens Energy with financial and non-financial incentives to help set up its Middle East Innovation Centre in Abu Dhabi.
The incentives will be part of Adio’s Dh2 billion ($545 million) Innovation Programme, launched in 2020.
The Innovation Centre, one of only four that Siemens Energy has established globally, will focus on developing technologies incorporating digital decarbonisation solutions, green fuels, fuel cells, and the electrification of heat and industrial processes.
A “host” of intellectual property is expected to be developed at the centre, said Siemens Energy.
“We need to have technologies that are also registered here in order to increase the knowledge that is built in Abu Dhabi and the UAE,” Dietmar Siersdorfer, managing director of the UAE and the Middle East for Siemens Energy, told The National.
The company, which is looking to build several industry and research partnerships through the centre, has a few agreements “already in the pipeline”, Mr Siersdorfer said.
The executive is hoping to see the “first tangible results” in time for Cop28, which will be held in the UAE next year.
The agreement to set up the Middle East Innovation Centre follows efforts by the UAE and Germany to strengthen their strategic collaboration to advance their energy security, decarbonisation and climate change goals, the Abu Dhabi Government Media Office said in a statement on Tuesday.
The UAE, which aims to achieve net-zero emissions by 2050, is investing Dh600bn in clean and renewable energy projects over the next three decades.
It is also exploring new technologies to support its decarbonisation push.
Earlier this year, the Emirates joined the International Partnership for Hydrogen and Fuel Cells in the Economy, an international government partnership focused on facilitating and accelerating the transition to clean and efficient energy and mobility systems using hydrogen and fuel cell technologies across different sectors.
While acting as an incubator for new start-ups and technologies, the Siemens Energy hub is also expected to create 75 high-skilled jobs in Abu Dhabi by 2025.
The company will offer at least six internships annually to students from Abu Dhabi universities, of which 50 per cent will be Emiratis, it said.
Abu Dhabi has been boosting its regulations and business environment to become an attractive destination for professionals and companies in the innovation sector.
Adio's innovation programme aims to fuel the development and diversification of Abu Dhabi’s economy, led by an ecosystem in which partner companies create technological solutions.
Companies in the initiative, a part of Abu Dhabi’s Dh50bn Ghadan 21 project, operate in high-growth, tech-focused industries.
The partnership with Siemens Energy will “enrich the energy technology ecosystem with the introduction of new ideas and solutions that open pathways for the global energy transition”, said Abdulla AlShamsi, acting director general of Adio.
“Adio will continue to partner with innovation-driven companies in high-impact sectors to help them reach the next stage of their growth,” he said.
Last month, Adio announced its collaboration with Innovaccer, a health cloud company, to improve the accessibility, affordability and quality of health care in the UAE and across the Middle East.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
More on Quran memorisation:
A new relationship with the old country
Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed
Du Football Champions
The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.
THE BIG THREE
NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m
ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m
RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m
Jumanji: The Next Level
Director: Jake Kasdan
Stars: Dwayne Johnson, Kevin Hart, Karen Gillan, Jack Black, Nick Jonas
Two out of five stars
THE SPECS
Engine: 2.0-litre four-cylinder turbo
Transmission: eight-speed automatic
Power: 258hp at 5,000-6,500rpm
Torque: 400Nm from 1,550-4,400rpm
Fuel economy, combined: 6.4L/100km
Price, base: from D215,000 (Dh230,000 as tested)
On sale: now
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
UAE currency: the story behind the money in your pockets
