Commercial electric cars replace transport pods plan


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Masdar, the Abu Dhabi Government's clean energy company, has put its plan for futuristic transport pods on the back-burner and will instead turn to commercial electric cars, executives said yesterday.
The personal rapid transport (PRT) system, a network of driverless electric vehicles, is in use at the Masdar Institute, the first stage of the city that was completed last month. But the technology would require further development to meet the needs of later stages of the city, said Dr Sultan al Jaber, the chief executive of Masdar.
"We're big believers in this technology," he said. "But today does it meet our requirements moving forward? No, not as it is today. "Has the PRT matured over the past three years? Absolutely. But the way to get it from where it is today at the Masdar project to where we want it to be, is going to take a little bit more time than our own design."Today we have access to electric vehicles that have developed very quickly over the past three years."
The emerging electric vehicle industry has accelerated, with the release of two battery-powered cars, the Chevrolet Volt and the Nissan Leaf, due before the end of the year. Dr al Jaber confirmed that Masdar had begun talks with Daimler to co-operate on electric cars and said it would make use of developments by other UAE-based companies focused on clean technology, including Aabar, the Abu Dhabi National Energy Company, known as Taqa, and IPIC. Alan Frost, the director of Masdar City, said the project ought to make use of these mass-market technologies instead of developing its own networks. "For Masdar to be a true learning experience it needs to be innovative but it also needs to be tapping into what's available in all the rest of the world," he said.
Masdar had originally planned to build the city on a 7.5-metre platform designed to house delivery stations, utilities and waste collection points under pedestrian areas. However, the city will now feature wider streets to accommodate existing commercial vehicles for these purposes. cstanton@thenational.ae ghunter@thenational.ae

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UAE currency: the story behind the money in your pockets

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Kassem Eid, Bloomsbury

UAE currency: the story behind the money in your pockets
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Multitasking pays off for money goals

Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.

That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.

"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.

Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."

People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.

"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."

Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

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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

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UAE currency: the story behind the money in your pockets
Infiniti QX80 specs

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