The UAE is to invest hundreds of billions of dirhams in the renewable energy sector, it was announced on Monday.
Making the announcement on social media, Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, said that the latest Cabinet meeting resulted in the approval of an updated national energy strategy.
“Our goal will be to triple the contribution of renewable energy in the coming seven years and inject national investments ranging from Dh150 to Dh200 billion during the same period to meet the increasing demand for energy in the country due to the accelerated economic growth,” Sheikh Mohammed wrote.
“We also approved our national strategy for hydrogen, which has recently emerged as one of the most important clean energy sources.
“The plan aims to establish the country as a producer and source of low-emission hydrogen over the next eight years by developing supply chains and creating hydrogen hubs to develop this promising industry, in addition to establishing a specialised national research and development centre for the hydrogen sector.”
Ministry of Investment
The Cabinet meeting also resulted in the creation of a new government ministry, with a mandate to focus on investment in the UAE.
The Ministry of Investment was established, with Mohamed Hassan Al Suwaidi announced as its minister.
“Our aim is to develop the investment vision of the UAE, and promote the investment environment and the competitiveness of this sector in the country,” said Sheikh Mohammed.
Human trafficking
Also discussed at the meeting was updating the UAE's law on fighting the unlawful transportation of people and forced labour.
Currently, the law stipulates a minimum fine of Dh100,000 and a minimum of five years in jail for offenders.
“Today, we approved several amendments to the law on combating human trafficking, which include tightening penalties and establishing services for victims, such as educational assistance and measures for their safe return to their home country,” wrote Sheikh Mohammed.
“We also criminalised incitement to commit the crime and increased the penalties imposed on the perpetrators. The United Arab Emirates does not tolerate this type of crime at all.”
Sheikh Mohammed emphasised that this humanitarian stance has been constant since the nation was created.
Ensuring financial stability
The establishment of a Financial Stability Council was also approved on Monday.
“The council's goal will be to enhance and protect financial stability in the country, monitor associated risks and deal with financial crises if they occur, in order to preserve the trajectory of the national economic development,” Sheikh Mohammed wrote.
“In addition, proactive measures will be developed to prevent exposing the country's economic, financial and monetary systems to high levels of risk.”
The UAE is a global financial hub trusted by millions of investors worldwide, the Prime Minister added. The goal is to preserve this trust in the best interest of the national economy.
Autonomous and electric vehicles
The first preliminary national licence for self-driving cars was approved at the Cabinet meeting and granted to a company, WeRide.
WeRide will begin testing all types of autonomous vehicles on UAE roads.
National policy for electric cars was also discussed, “which includes the establishment of a national network for electric vehicle charging stations, the regulation of the electric vehicle market, and the promotion of associated industries to ensure emission reduction, energy consumption reduction and the maintenance of the quality of roads in the United Arab Emirates”.
New appointments
Sheikha Mariam bint Mohamed was appointed President of the National Centre for Education Quality.
The centre will monitor education in the country to ensure improvement in the sector and prepare the next generation.
“We are optimistic about Sheikha Mariam's joining the educational system team in the country under the supervision of Sheikh Abdullah bin Zayed and optimistic about distinctive national educational outcomes,” Sheikh Mohammed wrote.
The Prime Minister shared his thoughts on the future of the Emirates, saying that even though progress will happen faster than before, the well-being of residents and visitors is always key.
“The world is changing rapidly, and leadership patterns are changing,” he said.
“Life in the country will accelerate in the coming years.
“The well-being and quality of life of individuals will remain a permanent priority on our government agenda.”
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
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1. Fasting
2. Prayer
3. Hajj
4. Shahada
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MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
Mohammed bin Zayed Majlis
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
Section 375
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Director: Ajay Bahl
Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL
Rating: 3.5/5
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
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How to register as a donor
1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
2) There are about 11,000 patients in the country in need of organ transplants
3) People must be over 21. Emiratis and residents can register.
4) The campaign uses the hashtag #donate_hope
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Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
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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
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Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
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Email sent to Uber team from chief executive Dara Khosrowshahi
From: Dara
To: Team@
Date: March 25, 2019 at 11:45pm PT
Subj: Accelerating in the Middle East
Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.
Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.
I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.
This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.
It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.
Uber on,
Dara
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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