Building back a greener economy and creating a sustainable world for future generations is what policymakers globally have pushed for since the world emerged from the depths of the pandemic-induced recession.
For oil and gas industry veteran Vivek Tripathi, this is not a mere policy statement, it is a call to action – and he has heeded it with a passion. Contributing to making the world a more sustainable place is something that is close to his heart.
“That's one thing that I have followed personally, and it is also as a mission for our company,” Mr Tripathi says.
The former Baker Hughes executive conceived the idea in 2020 and in 2021 built the foundations of Olive Gaea, a venture that helps businesses close their climate action gap.
With a chemical engineering degree as well as an MBA in oil and gas management, Mr Tripathi had a successful career working for major companies in India including Crisil, an S&P global Ratings company, and Cairn Oil and Gas.
He climbed the corporate ladder and ended up working as chief of staff to Indian billionaire Mukesh Ambani at his conglomerate Reliance Industries.
From Reliance, he moved on to a role in US energy company Baker Hughes, first in India and then the UAE, to lead the company’s regional sales and commercial operations.
With the world in lockdown and calls for building back better and more sustainably, Mr Tripathi saw the need for a regional climate technology company that could help businesses across the spectrum to boost their decarbonisation efforts.
He connected with Olive Gaea’s co-founder Jessica Scopacasa, an Italian citizen who has been helping firms in the region incorporate sustainable strategies into their corporate structure for more than a decade, on LinkedIn.
Their initial conversations were underpinned by their “like mindedness” and their urge to find a climate tech and sustainability solution for the regional market.
It was an ideal match, with Mr Tripathi’s background in the energy sector and Ms Scopacasa’s experience in sustainability strategies, and the duo put the moving parts of Olive Gaea together.
“I had been in the thick of things” and saw how customers in the energy industry particularly struggled with “the bigger problem of climate change”, Mr Tripathi says.
“All of this basically gave me enough impetus at that point to start thinking more holistically, and how the experience that I have gained in the energy sector can be utilised to deliver something which can have a much, much larger impact.”
Their differing backgrounds but common goal coalesced into Olive Gaea, a Mena-focused Sustainability as a Service (SaaS) platform whose footprint has spread as far away as India.
The company provides artificial intelligence-driven solutions that allow both government and private sector clients to reduce their carbon footprint.
Although there were several companies in the region providing corporate sector consultancy in terms of the sustainability practices, “we were the first movers here in this market”, Mr Tripathi says.
The company, licensed by the Dubai World Trade Centre, also help clients secure carbon credits.
Olive Gaea starts with assessing the carbon footprint of a business and then maps and monitors emissions across the value chain.
“And we just don't stop there,” he says. “The businesses [then] will be interested in understanding what can they do about it, and that's where the core of our support comes in … suggesting the right set of decarbonisation measures … to help them achieve their net-zero goals.”
The venture was initially funded by Mr Tripathi, with friends and family contributing about $100,000 to give the company “arms and legs”.
Last month, Olive Gaea announced $1 million in seed funding from Cornerstone Ventures, which the company said will help them launch “Zero by Olive Gaea”, an SaaS platform to tackle net zero and carbon management challenges.
As global regulatory frameworks expand and customer expectations for corporate responsibility rise, Olive Gaea's Zero fills a “crucial need for greenhouse gas emissions management and climate action disclosure in the Mena region”, the company said at the time.
Climate tech start-ups in the UAE attracted about two thirds of total funding from 2018 to 2022 to lead the burgeoning sector's growth in the Middle East, North Africa and Turkey region, start-up data platform Magnitt said.
About $401 million, equivalent to 62 per cent of the total regional investments of $651 million, went to companies based in the Emirates during the five-year period, its State of Climate Tech Venture Capital Report said.
Funding for UAE climate tech start-ups grew at a compound annual growth rate of 120 per cent in the five-year period, which was double that of second-place Turkey's 60 per cent.
The momentum has continued into 2023, with 30 transactions and investments of $40 million recorded in the first half of this year, Magnitt said.
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Olive Gaea's latest funding round will also help the company expand its footprint in markets across the GCC. It plans to begin its expansion drive with an office in Saudi Arabia, the largest Arab economy, where it is already serving clients, Mr Tripathi says.
“Physical presence in Saudi is the next move that we are going to make with the funding,” he says. “Beyond GCC and India as such, we are aiming [for] the US, to have a set-up in California.”
The company is already preparing for its next round of financing and plans to secure series A growth funding of at least $8 million within the next eight to 12 months.
“In the past month, we had made a couple of strong pitches and we are seeing a good amount of interest as well,” he says.
The list of Olive Gaea clients has grown steadily since the beginning of 2022 to include financial institutions, e-commerce businesses, large property developers, construction companies and regional sovereign wealth funds.
It is currently serving about 30 clients in the UAE, Saudi Arabia and India and has a “clear pathway” to expand its customer base to about 250 in the short to medium term, Mr Tripathi says.
The company earns revenue through subscriptions as well as consultancy services it provides and had a “good amount of revenue traction” last year, he says.
“The biggest leap that we had taken was in the start of the year itself … where we have almost quadrupled the sort of revenues that we were making in 2022. That's the sort of growth and trajectory that we are keeping up.”
Q&A with Olive Gaea co-founder and chief executive Vivek Tripathi
Who is your role model?
There are many people who have inspired me all through my life but Pat Brown stands out. He is the founder of food technology start-up Impossible Foods, which leads the space of plant-based meat. He comes with a stellar academic background as a professor of biotech at Stanford and a pioneer in DNA mapping. What amazes me is his razor-sharp vision to bring in a solution that can solve the problem of about 15 per cent of global emissions – caused by livestock farming – and free up 33 per cent of land used for raising livestock by catering plant-based meat to 86 per cent of the global population.
What is your mantra of success?
For us, it has been all about being resilient whilst maintaining consistent agility. We started at the peak of the pandemic, survived the challenge, and yet kept growing our connection with businesses in the region by continuously learning and evolving from our mistakes. This is the testimony of our proven approach.
Are you a risk-taker or a cautious entrepreneur?
I am a firm believer in the saying that the “biggest risk is not taking any risk and a sure shot way to failure”. For me, calibrated risk-taking is very integral for the success of any business. However, we do this by evaluating every potential risk from its impact and mitigation perspective.
What successful start-ups do you wish you had started and why?
There is a long list of such start-ups – from LinkedIn, Facebook, Tesla, Amazon and all other usual suspects, which I wish to be part of. Their success reinforces the belief that innovation, coupled with a commitment to positive change, can truly transform the world.
But I hear that phrase by Peter Thiel that the next Bill Gates will not start an operating system and the next Larry Page would not start a search engine. I believe the world problems are evolving and building a successful start-up needs an entrepreneur to get to the core of the issue which are faced by customers and help solve them with an easy and innovative solution.
We all know that climate change today is the biggest problem that humankind has ever faced. We at Olive Gaea are developing innovative solutions for automating decarbonisation and guiding businesses toward net-zero goals. This is not just a business endeavour; it's our passion, our mission.
Where do you see Olive Gaea in five years from now?
In the next five years, I envision Olive Gaea as a global leader in climate technology, playing a vital role in helping corporations worldwide achieve their net-zero goals. I see our platform Zero, which automates decarbonisation and guides businesses through their sustainability journeys, becoming an integral part of corporate strategies across industries.
What would you change if you had to do it all over again?
Given a chance, I would pivot earlier to develop a stronger focus on the business-to-business landscape instead of spreading ourselves thin over multiple customer segments. Though it has offered us our own set of learnings, our collaboration with businesses, especially those committed to achieving net-zero goals, has proved pivotal in our success.
What new skills have you learnt with launching Olive Gaea?
Launching Olive Gaea has been a transformative experience. It has allowed me to enhance my skills in innovation, team leadership and effective communication. I have also learnt to navigate the complexities of sustainable technology, honed my financial management skills and most of all, developed a sense for identifying market opportunities. I have also learnt how to be agile and adaptive – really the essential skill in the ever-evolving landscape of climate technology.
What is your advice for budding entrepreneurs?
My advice is to believe in your vision passionately but remain adaptable. Embrace failures as learning opportunities, seek mentorship from experienced individuals and surround yourself with a dedicated and diverse team. Staying committed to making a positive impact is important, as businesses with a purpose-driven focus have the potential to create lasting change.
The specs: 2019 Chevrolet Bolt EV
Price, base: Dh138,000 (estimate)
Engine: 60kWh battery
Transmission: Single-speed Electronic Precision Shift
Power: 204hp
Torque: 360Nm
Range: 520km (claimed)
FIXTURES
Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan
The top two teams qualify for the World Cup
Classification matches
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.
Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place playoff
Fixtures
Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs
Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms
Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles
Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon
Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
The Greatest Royal Rumble card
50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias
Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match
WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
United States Championship Jeff Hardy (champion) v Jinder Mahal
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt
Casket match The Undertaker v Rusev
Singles match John Cena v Triple H
Cruiserweight Championship Cedric Alexander v Kalisto
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich 1
Kimmich (27')
Real Madrid 2
Marcelo (43'), Asensio (56')
Australia squads
ODI: Tim Paine (capt), Aaron Finch (vice-capt), Ashton Agar, Alex Carey, Josh Hazlewood, Travis Head, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Andrew Tye.
T20: Aaron Finch (capt), Alex Carey (vice-capt), Ashton Agar, Travis Head, Nic Maddinson, Glenn Maxwell, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Mitchell Swepson, Andrew Tye, Jack Wildermuth.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
How England have scored their set-piece goals in Russia
Three Penalties
v Panama, Group Stage (Harry Kane)
v Panama, Group Stage (Kane)
v Colombia, Last 16 (Kane)
Four Corners
v Tunisia, Group Stage (Kane, via John Stones header, from Ashley Young corner)
v Tunisia, Group Stage (Kane, via Harry Maguire header, from Kieran Trippier corner)
v Panama, Group Stage (Stones, header, from Trippier corner)
v Sweden, Quarter-Final (Maguire, header, from Young corner)
One Free-Kick
v Panama, Group Stage (Stones, via Jordan Henderson, Kane header, and Raheem Sterling, from Tripper free-kick)
The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
Princeton
RESULT
Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')
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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GULF MEN'S LEAGUE
Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2
Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers
Opening fixtures
Thursday, December 5
6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles
7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers
7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles
7pm, Pitch 5, Bahrain v Dubai Eagles 2
Recent winners
2018 Dubai Hurricanes
2017 Dubai Exiles
2016 Abu Dhabi Harlequins
2015 Abu Dhabi Harlequins
2014 Abu Dhabi Harlequins
What is Genes in Space?
Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.
It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration.
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FROM%20THE%20ASHES
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Brief scoreline:
Burnley 3
Barnes 63', 70', Berg Gudmundsson 75'
Southampton 3
Man of the match
Ashley Barnes (Burnley)
England squads for Test and T20 series against New Zealand
Test squad: Joe Root (capt), Jofra Archer, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Jack Leach, Saqib Mahmood, Matthew Parkinson, Ollie Pope, Dominic Sibley, Ben Stokes, Chris Woakes
T20 squad: Eoin Morgan (capt), Jonny Bairstow, Tom Banton, Sam Billings, Pat Brown, Sam Curran, Tom Curran, Joe Denly, Lewis Gregory, Chris Jordan, Saqib Mahmood, Dawid Malan, Matt Parkinson, Adil Rashid, James Vince
Notable salonnières of the Middle East through history
Al Khasan (Okaz, Saudi Arabia)
Tamadir bint Amr Al Harith, known simply as Al Khasan, was a poet from Najd famed for elegies, earning great renown for the eulogy of her brothers Mu’awiyah and Sakhr, both killed in tribal wars. Although not a salonnière, this prestigious 7th century poet fostered a culture of literary criticism and could be found standing in the souq of Okaz and reciting her poetry, publicly pronouncing her views and inviting others to join in the debate on scholarship. She later converted to Islam.
Maryana Marrash (Aleppo)
A poet and writer, Marrash helped revive the tradition of the salon and was an active part of the Nadha movement, or Arab Renaissance. Born to an established family in Aleppo in Ottoman Syria in 1848, Marrash was educated at missionary schools in Aleppo and Beirut at a time when many women did not receive an education. After touring Europe, she began to host salons where writers played chess and cards, competed in the art of poetry, and discussed literature and politics. An accomplished singer and canon player, music and dancing were a part of these evenings.
Princess Nazil Fadil (Cairo)
Princess Nazil Fadil gathered religious, literary and political elite together at her Cairo palace, although she stopped short of inviting women. The princess, a niece of Khedive Ismail, believed that Egypt’s situation could only be solved through education and she donated her own property to help fund the first modern Egyptian University in Cairo.
Mayy Ziyadah (Cairo)
Ziyadah was the first to entertain both men and women at her Cairo salon, founded in 1913. The writer, poet, public speaker and critic, her writing explored language, religious identity, language, nationalism and hierarchy. Born in Nazareth, Palestine, to a Lebanese father and Palestinian mother, her salon was open to different social classes and earned comparisons with souq of where Al Khansa herself once recited.
MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
MATCH INFO
League Cup, last 16
Manchester City v Southampton, Tuesday, 11.45pm (UAE)
RESULTS
1.45pm: Maiden Dh75,000 1,200m
Winner: Lady Parma, Richard Mullen (jockey), Satish Seemar (trainer).
2.15pm: Maiden Dh75,000 1,200m
Winner: Tabernas, Connor Beasley, Ahmed bin Harmash.
2.45pm: Handicap Dh95,000 1,200m
Winner: Night Castle, Connor Beasley, Satish Seemar.
3.15pm: Handicap Dh120,000 1,400m
Winner: Mystique Moon, Sam Hitchcott, Doug Watson.
3.45pm: Handicap Dh80,000 1,400m
Winner: Mutawakked, Szczepan Mazur, Musabah Al Muhairi.
4.15pm: Handicap Dh90,000 1,800m
Winner: Tafaakhor, Sandro Paiva, Ali Rashid Al Raihe.
4.45pm: Handicap Dh80,000 1,950m
Winner: Cranesbill, Fabrice Veron, Erwan Charpy.
MATCH INFO
Everton v Tottenham, Sunday, 8.30pm (UAE)
Match is live on BeIN Sports
MATCH INFO
Bangla Tigers 108-5 (10 ovs)
Ingram 37, Rossouw 26, Pretorius 2-10
Deccan Gladiators 109-4 (9.5 ovs)
Watson 41, Devcich 27, Wiese 2-15
Gladiators win by six wickets
BEACH SOCCER WORLD CUP
Group A
Paraguay
Japan
Switzerland
USA
Group B
Uruguay
Mexico
Italy
Tahiti
Group C
Belarus
UAE
Senegal
Russia
Group D
Brazil
Oman
Portugal
Nigeria
Panipat
Director Ashutosh Gowariker
Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
The schedule
December 5 - 23: Shooting competition, Al Dhafra Shooting Club
December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq
December 11 - 20: Dates competition, from 4pm
December 12 - 20: Sour milk competition
December 13: Falcon beauty competition
December 14 and 20: Saluki races
December 15: Arabian horse races, from 4pm
December 16 - 19: Falconry competition
December 18: Camel milk competition, from 7.30 - 9.30 am
December 20 and 21: Sheep beauty competition, from 10am
December 22: The best herd of 30 camels
THE BIG MATCH
Arsenal v Manchester City,
Sunday, Emirates Stadium, 6.30pm
If you go
Flying
Despite the extreme distance, flying to Fairbanks is relatively simple, requiring just one transfer in Seattle, which can be reached directly from Dubai with Emirates for Dh6,800 return.
Touring
Gondwana Ecotours’ seven-day Polar Bear Adventure starts in Fairbanks in central Alaska before visiting Kaktovik and Utqiarvik on the North Slope. Polar bear viewing is highly likely in Kaktovik, with up to five two-hour boat tours included. Prices start from Dh11,500 per person, with all local flights, meals and accommodation included; gondwanaecotours.com
FIGHT INFO
Men’s 60kg Round 1:
Ahmad Shuja Jamal (AFG) beat Krisada Takhiankliang (THA) - points
Hyan Aljmyah (SYR) beat Akram Alyminee (YEM) - retired Round 1
Ibrahim Bilal (UAE) beat Bhanu Pratap Pandit (IND) - TKO Round 1
Men’s 71kg Round 1:
Seyed Kaveh Soleyman (IRI) beat Abedel Rahman (JOR) - RSC round 3.
Amine Al Moatassime (UAE) walk over Ritiz Puri (NEP)
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
Mobile phone packages comparison
Killing of Qassem Suleimani
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Results
Stage 4
1. Dylan Groenewegen (NED) Jumbo-Visma 04:16:13
2. Gaviria (COL) UAE Team Emirates
3. Pascal Ackermann (GER) Bora-Hansgrohe
4. Sam Bennett (IRL) Deceuninck-QuickStep
5. Caleb Ewan (AUS) Lotto Soudal
General Classification:
1. Adam Yates (GBR) Mitchelton-Scott 16:46:15
2. Tadej Pogacar (SLO) UAE Team Emirates 0:01:07
3. Alexey Lutsenko (KAZ) Astana Pro Team 0:01:35
4. David Gaudu (FRA) Groupama-FDJ 0:01:40
5. Rafal Majka (POL) Bora-Hansgrohe
Medicus AI
Started: 2016
Founder(s): Dr Baher Al Hakim, Dr Nadine Nehme and Makram Saleh
Based: Vienna, Austria; started in Dubai
Sector: Health Tech
Staff: 119
Funding: €7.7 million (Dh31m)
ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
Read more about the coronavirus
UAE currency: the story behind the money in your pockets
FOOTBALL TEST
Team X 1 Team Y 0
Scorers
Red card
Man of the Match
Global Fungi Facts
• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil
'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
What is type-1 diabetes
Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.
It occurs mostly in people under 40 and a result of the pancreas failing to produce enough insulin to regulate blood sugars.
Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.
Being overweight or obese increases the chances of developing the more common type 2 diabetes.
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
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
COMPANY%20PROFILE
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COMPANY%20PROFILE%20
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