Adnoc Distribution, the UAE’s largest fuel and convenience retailer, will accelerate the roll-out of electric vehicle charging points across its locations next year and expects to operate 50 of them by the end of 2023, according to its chief executive.
The company, which has more than 500 services stations in the UAE, will focus on installing the charging points on highways where demand is higher, Bader Al Lamki told The National in an interview.
“People commute from Al Ain to Abu Dhabi, Abu Dhabi to Dubai and Abu Dhabi to the Al Dhafra region [and] the need for recharging the car could arise,” Mr Al Lamki said.
“We're taking serious steps towards enabling the roll-out of EV chargers to attend to the needs of increasing demand for EV cars. Towards the end of this year, we are likely to have 50 charging points across the network.”
He added: “We stand ready, and we have the coverage on the highways and … we definitely see ourselves as a key enabler for EV mobility in the coming years.”
Adnoc Distribution, which currently operates 38 EV charging points, teamed up with Abu Dhabi National Energy Company, better known as Taqa, in January to create a joint venture that will build and operate electric vehicle infrastructure in Abu Dhabi.
The company, E2GO, aims to become the main provider of EV charging points and associated infrastructure across the UAE capital.
About 70,000 charging points will be required in Abu Dhabi by 2030 to meet growing EV demand, with an investment of up to $200 million, according to Adnoc Distribution.
The company is also working towards supplying biofuel to its B2B (business-to-business) customers, Mr Al Lamki said, adding that Adnoc Distribution would wait for further guidance from the energy ministry on the potential sale of the low-carbon fuel to normal consumers.
Last month, Adnoc Distribution said it would use biofuel to power its heavy vehicle fleet in the country as part of efforts to reduce its carbon footprint.
The fleet, supplying fuels and liquefied petroleum gas to corporate customers, uses B20 biofuel, produced from waste cooking oil.
“Since we've made the announcement, it did catch the attention of the market,” Mr Al Lamki said.
Biofuels, a cleaner replacement for petroleum-based fuels, are produced from renewable sources such as new and used vegetable oil and animal fat, and account for only 3 per cent of the world’s liquid fuel demand of 100 million barrels per day, Wood Mackenzie said in a report last year.
Adnoc Distribution on Friday reported a 9 per cent rise in third-quarter profit, boosted by a double-digit growth in fuel volumes sold.
Net income attributable to equity holders of the company for the three months to the end of September rose to Dh835.4 million ($227.5 million). Revenue for the reporting period climbed by 4.5 per cent on an annual basis to Dh8.94 billion.
Mr Al Lamki said he expects the momentum to continue in the fourth quarter, which coincides with the onset of the UAE’s peak winter season.
“[There are] a lot of activities, outdoor festivals and functions coming up between now and year-end … the outlook is optimistic [and] the trend will continue,” Mr Al Lamki said.
COMPANY%20PROFILE
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Rafael Nadal's record at the MWTC
2009 Finalist
2010 Champion
Jan 2011 Champion
Dec 2011 Semi-finalist
Dec 2012 Did not play
Dec 2013 Semi-finalist
2015 Semi-finalist
Jan 2016 Champion
Dec 2016 Champion
2017 Did not play
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APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.
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About Seez
Company name/date started: Seez, set up in September 2015 and the app was released in August 2017
Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer
Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon
Sector: Search engine for car buying, selling and leasing
Size: (employees/revenue): 11; undisclosed
Stage of funding: $1.8 million in seed funding; followed by another $1.5m bridge round - in the process of closing Series A
Investors: Wamda Capital, B&Y and Phoenician Funds
ULTRA PROCESSED FOODS
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- Margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars
- Energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- Infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes
- Many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts
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Uefa Champions League, last 16, first leg
Ajax v Real Madrid, midnight (Thursday), BeIN Sports
Gully Boy
Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi
Rating: 4/5 stars
Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes
THE DETAILS
Kaala
Dir: Pa. Ranjith
Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar
Rating: 1.5/5
Brief scoreline:
Wales 1
James 5'
Slovakia 0
Man of the Match: Dan James (Wales)
COMPANY%20PROFILE
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Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
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Veil (Object Lessons)
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Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Uefa Champions League, semi-final result:
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The bio:
Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.
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The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.
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Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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UK's plans to cut net migration
Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
RACE CARD
5pm: Maiden (PA) Dh80,000 1,400m
5.30pm: Maiden (PA) Dh80,000 1,200m
6pm: Arabian Triple Crown Round-1 (PA) Listed Dh230,000 1,600m
6.30pm: HH The President’s Cup (PA) Group 1 Dh2.5million 2,200m
7pm: HH The President’s Cup (TB) Listed Dh380,000 1,400m
7.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,200m.
MATCH INFO
Manchester City 1 Chelsea 0
De Bruyne (70')
Man of the Match: Kevin de Bruyne (Manchester City)
Napoleon
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