J A N U A RY
2020
NEWS
Department of Transport shares 10 incredible facts about Abu Dhabi’s
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Construction Monitor data now available as part of an Alternative Data catalog through Bloomberg
Powder Coating Market to Exceed USD 17 Bn by 2025: Global Market Insights, Inc.
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WE ARE NOW
ACCEPTING SPONSORS
Dubbed as the “Oscars” of the engineering, industrial and technology, the GineersNow Awards (2020 Asia) highlight corporate and individual achievement, visionary leadership, and impeccable performance in 19 categories.
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EDITOR‘S NOTE
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or the first time in some years, institutional construction activity growth is expected to exceed its commercial counterparts. The major commercial sectors are feeling the headwinds of a mollifying economy, while demographic forces are still driving the key institutional sectors. The retail industry and its activities continue to experience blows from the advent and steadily growing trend of online shopping thanks in major part to the accessibility, convenience, and speed it brings to the experience. While only having about 10% of total sales, e-commerce has been moving nowhere but upward at about thrice the rate of traditional offline sales. Of course, without the need for offline stores and physical shops, construction endeavors have also slowed down. Office construction looks to be the strongest commercial sector, with 5 percent growth projected for this year and 1 percent in 2020. This sector has benefited from strong job growth, and the apparent bottoming out of the years-long decline in office space per employee. Much of the increase has come from the booming technology sector, so the outlook is dependent on continued growth in this industry sector.
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2020 Construction Trends Education facilities are the largest non-residential building sector, accounting for over 20% of overall spending. Public and private schools, colleges, and whole university campuses are the bread and butter of the construction industry, which is a testament to the younger generation’s desire to learn and acquire knowledge. While demographic trends are generally complimentary to the education construction outlook, fiscal developments are the real engine for growth. Healthcare building spending is benefiting from favourable demographics, but growth has been compromised by ambiguous operations and modifications to the federal Affordable Care Act. The outlook appears to be a bit brighter now and the panel is requesting for 4% growth this year and an additional 3.6% in the next.
The non-residential building construction outlook may best be defined as advancing from tightknit contemporary conditions but tempered by upward uncertainty over the bigger picture of economic trends. The fact that architecture firms and construction companies had a solid last year bodes well for healthy progression continuing in construction activity through this year. However, AIA recently surveyed architecture firms and construction companies about their expectations for revenue growth in 2019, which are more mitigated.
Regional Office: LG Electronics Gulf FZE, P.O Box 61445, Dubai. Tel: +971 4 279 9222, UAE, Mr. Amjad Abu Alika, Tel: +971 50 450 9808, email: amjad.abualika@lge.com; Fortune International Trading LLC, Mr. Wail Halbouni, Tel: +971 50 481 3570, email: fortintl@emirates.net.ae; Ghantoot Trading, Mr. Nour Haboush, Tel: +971 50 109 4109, email: nour.h@ghantootgroup.ae; District Cooling Company, Mr. Ahmed Henedi, Tel: +971 50 658 4832, email: ahmed@districtcoolingcompany.com; Al Yousuf Electronics, Mr. Moitra, Tel: +971 50 457 6170, email: pmoitra@alyousuf.com; Bahrain, AJM Kooheji and Sons, Mr. Jayachandran, Tel: +973 36888801, email: v.jayachandran@ajmkooheji.com: Al Babtain Air Conditioning & Refrigeration Co., Mr. Naji Kataya, Tel: +965 5 051 5771, email: nkataya@albabtaingroup.com,kw; BLK, Mr. Imad Rhayel, Tel: +965 5 157 1229, email: irhayel@blk.com.kw; Oman, Oman Gulf Enterprise, Mr. Narender Kumar, Tel: +968 9 747 4505, email: narenderk@otegroup.com; Aspire Projects and Service, Mr. Vivek Wagh, Tel: +968 99357694, email: vivekwagh@aspireoman.com; Azerbaijan, NBC LLC., Mr. Elkhan Sadikhov, Tel: +994 50 216 3363, email: elkhan.sadikhov@nbc.com; Al-Con Maxiwell Group, Mr. Vagif Alexperov, Tel: + 994 50 216 2092, email: maxiwellbaku@inbox.ru; Armenia/Georgia, ARAY Gulf, Mr. Vilson Melikjanyan, Tel: +374 9 307 7755, email: vilson@aray.am; Yemen, Modern House Exhibition, Mr. Khaled Jabr, Tel: +967 71 172 0202, email: mail@mhe-yemen.com; Pakistan, Iceberg Industries (Lucky Goldstar), Mr. Imran Jamil Khan, Tel: +923 21 277 6100, email: ceo@icebergindustries.net
CON TENTS
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Every Chef and Restaurant Owners in PH should have this Induction Cooker
24TH World Energy Congress Concludes with Celecbration of Inovation & Entrepreneurship
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2020 Trends in Construction
34 Department of Transport shares 10 incredible facts about Abu Dhabi’s world-class road network
38 Construction Monitor data now available as part of an Alternative Data catalog through Bloomberg
Ten Innovativev Solutions of Social Incubator Program in Abu Dhabi Rewarded AED 4.4 Million Investment to Support People of Determination
62 Hyundai Motorsport Set to Go Electric
66 12V Waterproof Actuator
70 Is Your Cyber Prevention Plan Up To Date?
42 Powder Coating Market to Exceed USD 17 Bn by 2025: Global Market Insights, Inc.
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74 Food for Thought: These Foods Will Keep You More Focused and Alert at Work
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F E AT U R E S T O RY
Every Chef and Restaurant Owners in PH should have this Induction Cooker
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ood is an integral part of Philippine culture but not everyone can cook. It is, however, something we all should learn. We may never be the next Gordon Ramsay or Jaime Oliver, but we should strive to do more than pop a few leftovers in the microwave, cook rice, or fry a couple of eggs. While it is understandable that cooking is neither a walk in the park nor an inviting skill to learn, since it is very technical and mathematical at its core, an induction cooker makes this important life skill safer, easier, and more fun. Usage of induction cookers is slowly on the rise, trailing and catching up to the two most common, widely used tools for cooking: gas cookers and electric cookers. These two have cemented themselves in our food-loving Filipino culture and have distinct advantages over the other. While gas cookers boast even heating across a person’s 10
cookware, electric cookers are easier to clean. The reason why induction cookers have come neck and neck to these two giants is because of the lack of overall difficulty in using it. An induction cooker takes the beautiful things about its gas and electric counterparts—even heating and ease of cleaning— and peppers it with even more advantages. While induction cookers are the up and coming front-runners in the field of cooking, the TOSOT Induction Cooker stands above the rest in terms of number of advancements. It has a simple, slim, elegant design and a long list of features that keep its expert and novice users and their families in mind, making it revolutionary for meal-making and a surefire way to kick off the road to cooking proficiency. You may not cook as well as Gordon Ramsay or Jamie Oliver even with the TOSOT Induction
Cooker, but you definitely will feel like an expert with these five amazing features:
1. It has a beautiful digital display and touch control panel From smartphones to tablets, touchscreen has been the current technological trend so far. Now you can cook with pride, knowing full well that even your induction cooker has a sleek display, user interface, and is smooth to the touch, giving you access to a wide variety of options.
2. It’s resistant to boiling and overheating Using magnetic currents to directly heat pots and pans instead of igniting a fire on the cooktop or turning on the electric stove, the TOSOT Induction Cooker is an overall more efficient tool to use in the kitchen. You can even crank it up and place your skin against it and nothing will happen. But while your skin won’t burn, the pots and pans will be extremely hot. Other induction cookers aren’t so lucky with extremely hot pots and pans. It is unfortunate to see the induction cooker break by the very thing it superheated. Luckily, the TOSOT Induction Cooker is much more resistant, allowing you to cook to your heart’s content.
3. It keeps kids from hurting themselves If you want to teach your kids how to cook, then sadly, the TOSOT Induction Cooker is not the right tool for the job. With its safety features and child lock design, this state of the art induction cooker cannot be tinkered by children. It may not be fun for the kids, but it is definitely fun for you while you cook with confidence knowing that your kids can’t break it or, unlike with other types of cookers, burn the house down.
4. It has presets, so you can live your chef dreams Soup, double stewed soup, porridge, chaffy dish, barbecue, and stir-fry. These six cooking presets allow you to be the experimental chef you have always wanted to be. You can make an entire Christmas feast using only the innovative TOSOT Induction Cooker.
5. You get freebies! Who doesn’t like freebies? When you purchase a TOSOT Induction Cooker, you also get a free stainless steel cooking pot and non-stick frying pan for all your cooking needs. The cooking pot and frying pan is resistant to heat, giving you that added layer of safety and certainty when cooking. This is especially helpful for new restaurant owners. While there are many more useful features, the TOSOT Induction Cooker is perfect for novice and expert chefs, restaurant owners, and home cooks. This induction cooker is a must have, and kitting your kitchen with this beauty is will just kick your culinary adventure into high gear.
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As we close in on the year 2020, many individuals in the construction industry are conducting research and nigh endlessly studying about how they can improve their efficiency, work ethic, output, and overall morale. That having been said, here are their findings and gradually growing trends that are prospected to be realized next year. Despite wanting to enter 2020 on the brighter side, a number of emerging red flags suggest a cautious outlook. Investing on non-residential facilities is likely to grow by 4.4% in 2019, followed by healthy increases in the industrial and institutional 15
COVER STORY
building sectors. Coming into 2020, that growth is projected to decrease in rate to a staggering 2.4% with little to no increase in spending on commercial facilities. However, there will be gains in the 3% range in the industrial and institutional categories. Despite this, there are whispers of a broader economic downturn which may materialize over the next 1 to 2 years. These continual gains in construction in the short-term is the projection of the AIA Consensus Construction Forecast Panel, composed of leading national construction forecasting firms. These individuals see the 2018 growth rate remaining essentially unchanged for this year, but is said to change significantly in 2020. The AIA’s Architecture Billings Index (ABI) has findings that are consistent with US architecture firms’ business conditions. Overall, the economy is performing well. While tension is a recurring and persistent feeling, there has been an uphill movement in GDP. It is estimated to be close to 3% for this past year. The jobs market continues to be very healthy as well—there has been over 2.6 million net new payroll careers in the last year, greatly surpassing the 2.2 million in 2017. Thus, the unemployment rate was at an all time low at 4%. Of course, there are also some weaknesses in certain key sectors of the economy. In spite of the overall economic strength, economic cracks are beginning to form in some of the leading sectors of the economy. A sample of those vulnerable to this change are major consumer purchases like homes, cars, as well as major business investments in plant and equipment. There is also international competition. Since it is established that the US economy is reliant on worldwide trade, holistic growth is becoming increasingly dependent on the global economy and its various statuses in different countries. The International Monetary Fund’s latest prognoses imply that global economic growth will be decelerating in the coming years. The slowdown is projected to be the greatest in advanced economies, such as those in the Eurozone as well as the UK, Japan, and Canada, among others. Additionally, a few emerging economies—one in particular being China—are expected to see slower growth in the forthcoming years. For the first time in some years, institutional construction activity growth is expected to exceed its commercial counterparts. The major commercial sectors are feeling the headwinds of a mollifying economy, while demographic forces are still driving the key institu18
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Education facilities are the largest non-residential building sector, accounting for over 20% of overall spending.
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For the first time in some years, institutional construction activity growth is expected to exceed its commercial counterparts.
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tional sectors. The retail industry and its activities continue to experience blows from the advent and steadily growing trend of online shopping thanks in major part to the accessibility, convenience, and speed it brings to the experience. While only having about 10%of total sales, e-commerce has been moving nowhere but upward at about thrice the rate of traditional offline sales. Of course, without the need for offline stores and physical shops, construction endeavors have also slowed down. While millennials and the working members of Generation Z have also stopped buying traditional houses and lots, construction is still on the rise due to the youth’s inclination towards condominium and apartment living. Most construction manpower and resources are being allotted to the 30
renovation of existing buildings, rooms, facilities, etc. Office construction looks to be the strongest commercial sector, with 5 percent growth projected for this year and 1 percent in 2020. This sector has benefited from strong job growth, and the apparent bottoming out of the years-long decline in office space per employee. Much of the increase has come from the booming technology sector, so the outlook is dependent on continued growth in this industry sector. Education facilities are the largest non-residential building sector, accounting for over 20% of overall spending. Public and private schools, colleges, and whole university campuses are the bread and butter of the construction industry, which is a testament to the younger generation’s desire to learn and ac-
quire knowledge. While demographic trends are generally complimentary to the education construction outlook, fiscal developments are the real engine for growth. Healthcare building spending is benefiting from favourable demographics, but growth has been compromised by ambiguous operations and modifications to the federal Affordable Care Act. The outlook appears to be a bit brighter now and the panel is requesting for 4% growth this year and an additional 3.6% in the next. The non-residential building construction outlook may best be defined as advancing from tightknit contemporary conditions but tempered by upward uncertainty over the bigger picture of economic trends.
The fact that architecture firms and construction companies had a solid last year bodes well for healthy progression continuing in construction activity through this year. However, AIA recently surveyed architecture firms and construction companies about their expectations for revenue growth in 2019, which are more mitigated. With these trends, the studies and in-depth dives of 2017, 2018, 2019 construction and architectural projects, construction companies and architectural firms must make the right decisions in order to build effective facilities this year. -end-
31
NEWS
Department of Transport shares 10 incredible facts about Abu Dhabi’s world-class road network
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hether it’s getting to work, meeting family and friends in nearby cities or visiting remote desert areas, travelling by road is the most convenient method of transport in the UAE. Across the Emirates, tens of thousands of people get behind the wheel to drive to their destination every single day, and Abu Dhabi is no different. The flow of traffic along the UAE capital’s modern highways is maintained and safety ensured thanks to the use of state-ofthe-art technology and the very latest construction materials and techniques. The UAE’s hard work hasn’t gone unnoticed with the nation’s roads ranked number one in the world in the Global Competitiveness Report, issued by the Word Economic Forum for 2017-18. With that accomplishment in mind, it’s no surprise that Abu Dhabi has been chosen to host the World Road Congress. With less than one month to go until Abu Dhabi welcomes the world’s leading road professionals and experts for the 26th edition of the prestigious event, experts from Abu Dhabi’s Department of Transport have shared 10 amazing facts about the capital’s roads.
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Construction Monitor data now available as part of an Alternative Data catalog through Bloomberg
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onstruction Monitor, a leader in real time building permit data in the United States and headquartered in Cedar City, Utah, announced that its data set is now available to Bloomberg Data License clients via the Bloomberg Enterprise Access Point. This offers an additional way for the financial industry to discover Construction Monitor data. Construction Monitor has been collecting, databasing and normalizing building permit data for residential, commercial, and swimming pools since 1989, as well as solar permit data since 2009. Bloomberg helps Data License clients easily 38
integrate highly useful data in context within their analytics and existing workflows. Construction Monitor is now updating new permit information from over 2,200 jurisdictions across the United States on a daily basis. This frequency, along with millions of records databased each year, provides an invaluable data resource for clients in the financial sector. Building and solar permit data can be a primary indicator of the strength of the construction industry, as well as the health of the economy overall. Many investors and analysts review monthly and annual building reports from the US Census Bureau and other sources to make more educated investment decisions.
Construction Monitor normalizes data from thousands of application formats into a single, easily digestible format. Each jurisdiction can have different laws, formats and varying levels of difficulty to obtain data. Metrics within the dataset include: permit date, construction class, valuation, company type, location and more. Construction Monitor has created and perfected a data acquisition model that allows it to effectively handle large amounts of data from thousands of different jurisdictions. It has proprietary software, built by its own technical team, as well as a large Data Quality team to accomplish this task.
Thousands of clients have received information from Construction Monitor to improve their businesses. Launched in September 2018, Bloomberg Enterprise Access Point is a web-based platform that allows Bloomberg Data License clients to discover and acquire reference, pricing, regulatory, historical and now alternative datasets.
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NEWS
Powder Coating Market to Exceed USD 17 Bn by 2025: Global Market Insights, Inc. Latin America powder coatings market demand is projected to cross 250 kilo tons by 2025 on account of strong growth in furniture industry in Mexico, as numerous companies have shifted certain segments of their production operations in the country.
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lobal powder coating market is poised to witness significant growth from 2019 to 2025 owing to environment-friendly properties, cost effectiveness, high quality, swift paint applicability, and easy usability over conventional paints. These coats are solvent-free and have minimal volatile compounds emissions compared to liquid paints. It provides a long-lasting and durable finish for metal products & parts and also exhibits superior gloss retention. Factors such as high corrosion resistance, easy recycling and reduced processing time will also influence product demand Various technical advantages over liquid paintings coupled with low VOCs emissions will support the powder coating market value over the forecast timeframe. Ability to produce much thicker coatings than conventional liquid form without sagging or running will support the application scope across various industries. Faster curing time and wide range of specialty effects have proliferated the product scope across numerous applications 42
including door handles, rims, and under hood components in light of superior finish and texture. Thermoplastic resin powder coating market demand is anticipated to witness CAGR over 6.5% owing to key benefits including better chemical resistance, thicker coating, and low toxicity. It also offers a good amount of resistance to disparity amongst the environmental forces and does not require any cross-linking or curing to achieve these properties. Thermoplastic resins owing to eco-friendly properties, easy recyclability and low toxic nature finds application in several industries including construction, automotive, outdoor furniture, oil & gas, and aerospace & defense. Powder coats in the appliances are generally used in refrigerator doors, shelves, washing machines, dryers, freezers, water heaters, vacuum cleaners, kitchen appliances, microwave ovens, garbage disposals, dishwashers, etc. Appliances require a durable finish and dynamic colors to protect against the damages owing to the everyday use.
The color of the appliance has now become one of the most important factors that influence the purchasing decisions among consumer. As a result, appliances manufacturer to launch products in stylish colors, finishes, and texture combinations. Decorative color and coating styles incorporated ensures low abrasion, better chipping and high chemical resistance. Strong demand for metallic substrate coats to protect steel, copper and aluminum surfaces form corrosion due to chemicals and moisture fueling powder coating market revenue. Easy applicability on metallic substrate compared to the non-metallic substrate will also support product application scope. The metallic surfaces can be electrically grounded and coated via an Electrostatic Spray Deposition (ESD) process. This process enables uniformity over the substrate material which makes the products more appealing to the eye. Easy availability of wide range of colors, thicknesses, finishes, and textures is anticipated to fuel product sales. Latin America powder coatings market led by Brazil and Mexico is projected to exceed 250 kilo tons by 2025. Mexico is expected to witness strong growth in furniture industry, as numerous companies have shifted certain segments of their production operations in the country. The country offers superior logistical solutions while shipping products to target markets such as U.S & Canada and suffer low overhead cost as compared to other overseas destinations. Key powder coating market players include BASF, Axalta Coating System, AkzoNobel N.V., Asian Paints and Jotun. Manufacturers are continuously focusing on enhancing their visibility by uploading their catalogs on the website and retailing their products through online portals. Also, key manufacturers are hiring industry specialists and investing in capacity expansion to gain a competitive edge. The manufacturers try to establish direct partnerships with end users to ensure the continuous retail of their products. They also incorporate strategies, such as expanding product portfolio and establishing long term supply chain agreements, to enhance profit margin and gain competitive edge in the market.
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MIDDLE EAST NEWS
24TH World Energy Congress Concludes with Celebration of Innovation & Entrepreneurship Dmitry Kozak, Deputy Prime Minister of the Russian Federation,and Alexander Novak, Minister of Energy, Russian Federation, announce Russia’s hosting of 25th World Energy Congress in 2022 The need for courageous entrepreneurship to tackle tomorrow’s key energy issues, using 5G to stimulate a drive towards sustainability and how collaborations can lead to faster, better and cheaper energy were among the issues addressed during the fourth and final day of the 24th World Energy Congress. Maintaining the momentum of the previous three days of high-level discussions, the closing sessions at the World Energy Congress welcomed some of the UAE’s highest profile business leaders as well as distinguished industry figures, exciting young thinkers and government ministers under the theme of ‘Innovation: The pathway to prosperity”. Thursday saw extensive debates covering issues critical to the future of energy production, supply and distribution and how bold entrepreneurship can shape the culture of innovation needed in rapidly changing world.
UTILIZING ADVANCES IN COMMUNICATION TO DRIVE SUSTAINABILITY The day’s keynote speech saw Khalifa Hassan Alforah Alshamsi, Etisalat’s Group Chief Corporate Strategy & Governance Officer, explain how the newest generation of mobile technology can be harnessed to promote sustainability in the energy sector. His address, titled ‘Leveraging 5G to drive sustainability and enable innovation in the energy sector’ outlined how improved 46
communication between individuals, companies and entities, including greater access to information and better utilisation of the internet, can boost the ongoing drive towards sustainability. Mr Alshamsi said: “5G is a new piece of technology that can revolutionise new industry. It is not only about speed but yes it will be phenomenal for VR and AR experiences. “5G is a fundamental tool that will benefit cities, countries, factories and refineries because 5G is the cornerstone for industry and key for the future of digital. “To make the most of what 5G can offer, it is all about collaboration and innovation. This will not happen by just sitting down in the office. We have to connect our minds together and have to experiment. We can do anything if we have the will,” said Mr Alshamsi.
EMPOWERING TODAY’S ENTREPRENEURS TO SOLVE TOMORROW’S PROBLEMS As well as bringing together key figures from the energy sector, World Energy Congress also supports and inspires the leaders, innovators and thinkers of tomorrow. The session ‘Start-up Energy Transition: The power of the bold’ saw a panel of experts, among them the winners of this year’s Start up Energy Transition Award, debate, discuss and predict the most pressing energy challenges the world will face in years to come. Marwan Bin Haidar, Executive Vice President of Innovation & The Future, Dubai Electricity and Water Authority (DEWA), joined the delegates to consider the new business models, technologies
and ideas that will be at the forefront of the industry’s ongoing transition.
to discover the next global game-changing idea or invention for the energy sector.
Mr Bin Haidar explained that all companies must “innovate or stagnate” and that incorporating brave and bold new ideas developed by start-ups is key to a successful future for established firms.
An interactive, energetic and highly engaging event, the SET finalists were challenged to outline the benefits of their idea, its practical uses and why investors should get behind them as part of a professional pitch.
“The company receives new, bold ideas and solutions while the start-ups can benefit from years of experience and understanding of the industry,” said Mr Bin Haidar. “In this way, everyone benefits.” Andreas Kulmann, Chief Executive of the German energy company Deutsche EnergieAgentur, echoed Mr Bin Haidar’s comments adding that for start-ups “being bold is one thing, but being smart is another”. “Discovering what is important for all partners and what is important for the market can be difficult, but if start-ups are smart, bold and very well prepared to grow and develop collaboration, they and their partners will flourish,” he said.
FINDING SOLUTIONS THROUGH CREATIVITY, PASSION AND VISION At the session ‘Pitch perfect: Best of the Start-up Energy Transition (SET)’ Michele Fiorentino, Chief Investment Officer, ADNOC, joined a panel of judges to consider the ideas set out by SET finalists
Start Up Energy Transition (SET) is a global innovation platform supporting disruption in energy transition. Selected from a total of 450 applications from 80 countries, 10 startup finalists pitched their innovative ideas to stakeholders, investors and members of the business community. Included in the final 10 were Germany-based zero emissions company ONO, and home renewables business DC Power Company Limited from Australia. “Improving urban mobility while facilitating faster delivery of goods is ONO’s aim,” said Veronica Louis, ONO’s Chief Communications Officer. “Our Pedal Assisted Transporter (PAT) improves access in crowded cities and boroughs while also reducing emissions, pollution and congestion.” Emma Jenkins, Co-Founder and CFO at DC Power Company Limited, explained how the company places households with solar panels at the centre of 47
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today’s power transition. “Individual households will be able to trade energy with the market resulting in an increased transition to renewables,” she added.
CELEBRATING 4 DAYS OF INNOVATION AND COLLABORATION The closing plenary of the 24th World Energy Congress celebrated the event’s achievements and successes as well as reflecting on the innovative ideas and bold solutions that were formulated over four impactful days. Dr. Christoph Frei, Secretary General & Chief Executive Officer, World Energy Council, moderated the final plenary of the week that celebrated the achievements of the first World Energy Congress to be held in the Middle East. 50
Speaking in front of an assembled audience, His Excellency Suhail Mohamed Al Mazrouei, UAE Minister of Energy and Industry, said the previous days were an important step towards helping to reshape the future of the energy industry. He said: “It has been an excellent World Energy Congress and the overall result of the discussions between ministers of the governments have led to an excellent outcome. We have agreed that all of us are committed to reduce the emissions that we produce and make sure that we can all work together to help serve the whole industry well. “It is also important to understand that any type of energy is going to help us going forward. We have to make an impact so that in the future, we have cleaner air and water that will benefit the world.” Joining H.E Al Mazrouei on stage was Alexander Novak, Minister of Energy, Russian Federation. As hosts of the next World Energy Congress in 2022, Mr Novak said Russia will embrace the opportunity to build on Abu Dhabi’s success in
hosting the energy industry’s flagship event in three years time. Mr Novak said: “I would like to invite all those present here to attend the Russian Energy Week as the perfect opportunity to follow up on the achievements of the World Energy Congress in Abu Dhabi.
Undersecretary of the UAE Ministry of Energy and Industry and Chair of the 24th World Energy Congress, addressed the audience for the final time and outlined the importance of staging the 24th World Energy Congress in the region and the impact it will have on the Middle East and UAE for years to come.
“Major trends in the industry including the need to modernise production, capacity and grid management, the need for huge capital investment in the sector, for AI, for improved efficiency, the renewables and hydrocarbon mix and much more have all been discussed at great length by leading experts right here in Abu Dhabi at the 24th World Energy Congress.”
He said: “In the past few days we have had the opportunity to examine a wide range of issues impacting our industry. We have delivered a diverse mix of energy leaders and practitioners from around the world.
DR MATAR HAILS STAGING OF 24TH WORLD ENERGY CONGRESS His Excellency Dr Matar Al Neyadi,
“Representing all forms of energy, they have been united in their mission. This Congress agreed that our collective thinking, collaborative strategies and concerted efforts will lead us to our goals. “It has been a pleasure to work with the World Energy Congress and it will be our pleasure to work 51
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with our Russian colleagues to build on this success and make sure that the 25th edition will be another exceptional event.”
WORLD ENERGY COUNCIL’S CHAIR ADDRESSES AUDIENCE FOR LAST TIME The 24th World Energy Congress brought to an end to Younghoon David Kim’s role as the Chair of the World Energy Council. Mr Kim addressed the audience of business leaders and industry figures from around the world for the final time before thanking them for their support. He ended his speech by handing over his role to Jean-Marie Dauger, who will officially take over as the chair of the World Energy Council.
RUSSIA DEPUTY PRIME MINISTER INVITES EXPERTS TO 25TH WORLD ENERGY CONGRESS IN 2022 Dmitry Kozak, Deputy Prime Minister of the Russian Federation, flew into Abu Dhabi and personally invited the thousands of global experts to the next staging of the World Energy Congress in 2022. The audience witnessed a presentation that highlights the vision of Russia and the energy sectors and what to expect three years from now in St Petersburg. Mr Kozak said Abu Dhabi has set the benchmark for success, but Russia will strive to exceed expectations at the 25th World Energy Congress while building on the solid foundations that have been laid by the UAE capital over the last four days.
FAREWELL SPEECH FROM UAE’S MINISTER OF ENERGY AND INDUSTRY H.E Al Mazrouei, Minister of Energy and Industry of the UAE, took the opportunity to express his gratitude for the thousands of attendees that travelled to Abu Dhabi as well as the support of all the sponsors that helped stage one of the most important Congress’ that the UAE has held. He said: “We are very proud of what we have done in Abu Dhabi and we are going to work with Russia as one team through the World Energy Council to deliver a better and more inclusive World Energy Congress in 2022. “We have seen great interaction between young and inspired entrepreneurs of all industrial companies this week. We have learnt a lot this week and we are promising that we will improve our policies and continue to upgrade to ensure the future is bright for all generations, not just here in the UAE but all around the world.”
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MIDDLE EAST NEWS
Ten Innovativev Solutions of Social Incubator Program in Abu Dhabi Rewarded AED 4.4 Million Investment to Support People of Determination Ma’an announced today the ten winning teams in the first cycle of the Ma’an Social Incubator program. Ma’an is part of the ‘Ghadan 21’ accelerated development programme designed to spur diversity and growth in Abu Dhabi’s economy to make it one of the best places in the world to do business, invest, live, work and visit. The winning projects include a mobile app that helps convert text to sign language and another that helps people with visual impairments to navigate their surroundings through sensors and visual recognition. Among the winners of this year’s edition, six teams were local, while four teams were international. The event this morning announcing the ten winning projects was attended by His Excellency Sheikh Abdulla Bin Mohamed Al Hamed, Chairman of Department of Health; His Excellency Dr. Mugheer Khamis Al Khaili, Chairman of the Department of Community Development; His Excellency Abdullah Abdulali 58
Al Humaidan, Secretary General of Zayed Higher Organization for People of Determination; His Excellency Hamad Al Dhaheri, Director General of the Social Support Authority; and Her Excellency Salama Al Amimi, Director General, Authority of Social Contribution - Ma’an. The Ma’an Social Incubator program is the first of its kind in the region, with each of the ten teams eligible to receive funding up to AED 200,000 released at every successful milestone the participant reaches, as well as support for living and housing expenses for non-residents of Abu Dhabi. The program aims to support and develop innovative social concepts and start-up projects so they may become social institutions or civil facilities with an active role in helping people of determination in facing challenges in their communities, offering them solutions that improve their quality of life and achieve their ambitions. The Ma’an Social Incubator program also provides the necessary and specialized support needed
for these projects to be sustainable, offering the guidance and tools needed for growth, including financial and moral support, as well as office space, business expertise and access to possible investors. Since launching the program in May earlier this year, 130 ventures applied for the Ma’an Social Incubator program from as far afield as Brazil, Denmark, France, Nigeria and India. Later in August, a shortlist of 25 nominated teams were invited to pitch their solutions before a panel who came together to decide on the final ten winning teams. The teams will have the opportunity to test their social start-up ideas and gain an in-depth understanding of the market, in addition to attending a series of plenary workshops and receiving mentor advice that will help them develop their idea into a product or service, beginning in September and continuing for 16 weeks. Ma’an was established in February 2019 by the Department of Community Development in Abu Dhabi with the aim of bringing together the government, the private sector and civil society to support a culture of social contribution and participation. The authority will deliver solutions for social challenges with four main pillars of work – a Social Investment Fund, a Social Incubator Program, Community Engagement Programs and the introduction of a new type of public contracting, Social Impact Bonds. Ma’an seeks to reinforce the culture of giving in Abu Dhabi, and establish the volunteering needs of the community, aiming to make us of the currently available social volunteering opportunities and initiatives, as well as contribute by generating new opportunities. Her Excellency Ms. Salama Al Ameemi, Director General of Ma’an said: “We are absolutely delighted with the incredibly innovative ten solutions that have been awarded a place in the Ma’an Social Incubator program, and are now fully focused on helping the entrepreneurs to make their dream become a reality. “These social start-ups will contribute towards establishing sustainable social solutions for people of determination and raising their standard of living in Abu Dhabi and the UAE in general,
with an ambition for global impact in the future. This is a hugely important phase in our first incubator program, and we are very much looking forward to working with the committed and passionate people leading each of the start-ups, making their concepts and projects a reality.” The program offers unique and valuable networking opportunities for the teams to build relationships with individuals outside of the program, including investors, third sector leaders, industry figures, and decision makers in specialized fields regionally and internationally. Ma’an will also host ‘demo days’ to present the concepts of the ten winning team organised for review and evaluation, as well as to leverage funding from investors.
The 10 successful start-ups are: 1. Accessible Ad: Platform for information, expertise, training and support to ensure effective accessibility for People of Determination in Abu Dhabi 2. The Butterfly Foundation: Advocacy agency to bring support and empowerment in the hands of People of Determination in Abu Dhabi 3. The Camp: Inclusion-safe, seasonal, mobile sleepover camps for Children of Determination in the UAE 4. I Hear You: Mobile app that enables communication from text to sign language and vice versa 5. Inclusive: Online platform serving as an umbrella for all things inclusion-related in the UAE 6. Key2Enable: Assistive technology empowering People of Determination to use tablets, computers and smartphones with adapted hardware and accessories 7. Martha Edu: Educational smart cards and mobile app to educate hearing impaired children and parents on signing language 8. Ioptyc by Nexart: Solution for people with visual impairment to navigate their surroundings through the use of distance judging sensors & visual recognition technology 9. RAB3I: Social venture offering People of Determination an opportunity to attend recreational activities with a (trained) ’buddy’ who shares similar interests 10. Heroes of Hope: Social enterprise delivering equal opportunities for People of Determination, including recreational activities, work opportunities, and sporting events
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Hyundai Motorsport Set to Go Electric Hyundai Motorsport has begun work on an electric race car, heralding a new era of motorsport for the company
Hyundai Motorsport has begun work on its first ever electric race car in an exciting new project that will herald a new motorsport era for the company. The car, which has been designed and built at Hyundai Motorsport’s headquarters in Alzenau, Germany, will break cover for the first time on September 10, the media day of the International Motor Show (IAA) in Frankfurt.
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The move to electric continues the growth of Hyundai Motorsport, which has become well established in rallying and circuit racing since its inception in 2012. The multiple rally-winning WRC team, now in its sixth season, is currently leading a closely fought Manufacturers’ Championship. The company also boasts a successful Customer Racing division, established in September 2015, which has developed the competitive i20 R5, i30 N
TCR and Veloster N TCR cars that have between them claimed victories and championships in motorsport series around the world. The first glimpses of the new car can be seen in videos published on Hyundai Motorsport’s Social Media channels, offering a hint of what is to come at the official reveal next month. Mirroring the move towards hybrid technology and electrification in the automotive industry, motorsport has also ventured into new territory in recent years with the introduction of electric and hybrid series and regulations. This exciting new chapter promises to showcase Hyundai’s high-performance
capabilities, its green technology credentials and its unwavering passion for motorsport. “A new era is dawning at Hyundai Motorsport. For many months, our team in Alzenau has been working hard on an exciting electric vehicle and soon we will be able to share the fruits of these labours,” Andrea Adamo, Team Director said. “It promises to be a new chapter for our company, a natural extension to our motorsport activities, one that links closely to the current trends and innovations in the wider automotive industry.
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12V Waterproof Actuator One of the distinctive advantages of the waterproof linear actuators is undoubtedly their simple design
increases the resistance of the product to disadvantageous factors. Waterproof electric linear actuators of Progressive Automations manufacturer can be used for the various types of sea works. This can be a shipbuilding industry where this technology may come in handy for the construction of automated boat hatches that of military submarines where they can be responsible for the pressure control which is essential for the submarines’ operability. There are three basic types of water protection: • IP54 – provides protection against water splashes penetration from all sides; • IP65 – prevents the penetration of water flows inside the case at any possible angle; • IP67 – with such protection the device is capable to function when fully submerged under the water.
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lectric linear actuators are the mechanisms, the core task of which is the transfer of force from the control device to the executive one. Linear actuators vary in the way they transfer their energy. At the same time, the object controlled can be driven by a rotational or linear motion action. One of the distinctive advantages of the waterproof linear actuators is undoubtedly their simple design. Due to this, actuators have an impressively long-lasting life service, in addition, they do not require regular maintenance and are unpretentious to the conditions. Simple execution allows using devices even in unfavorable climatic conditions. Depending on the manufacturer, models may have additional protection that
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For example, PA-06 linear actuator model of Progressive Automations has the IP67 water protection meaning that this device is really capable to function even when fully submerged into the water and even when being at a significant depth. The minimum technical specifications of such waterproof electric linear actuator are the following: stroke – 2 inches, force – 22 Ibs, speed – 1.38 inches/sec, whereas the maximum technical specifications are like this: stroke – 24 inches, force – 180 Ibs, speed – 0.47 inches/sec. Customers can choose technical specifications so that they could adjust their waterproof linear actuators according to the needs of performance wanted. The PA-06 electric linear actuator of Progressive Automations is capable of working under the harshest conditions and withstand water, and other potentially unwanted liquids, however for short periods of time. This high-rated quality makes this kind of electric linear actuators to be the most popular choice for marine engineering. Such actuators
are capable to work within -20 to +60 °C temperature window. The warranty covering this electric actuator lasts for 18 months since the purchase. This linear actuator is mounted with the help of BRK-06 mounting brackets that make the installation process extremely easy. Furthermore, this kind of electric actuators is compatible with a whole range of control systems and control boxes transforming the operation process into a pleasure. Control boxes allow installing electric linear actuators of high water protection merely everywhere if dimensions are suitable for their installation. Actuators of Progressive Automations all-thetime provide the most effective performance while at the same time they are always reliable. These actuators can easily undergo
the most terrific weather conditions and prove themselves to be the best solution where other alike technologies feel themselves uncomfortable and present poor performance. During long-lasting periods of work under heavy workloads such actuators of Progressive Automations show the highest resistance towards harsh environment conditions. Such type of electric linear actuators can be easily adjusted for various types of work more or less associated with serious humidity and marine implementation. Preferring the waterproof actuators of Progressive Automations customers make their investment into the qualitative and long-lasting technology that will fully justify their expectations.
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Is Your Cyber Prevention Plan Up To Date?
C
yber defences need continuous development. Even the latest cyber protection strategies will have limited lifespans, and cyberprotection obsolescence is a common issue when it comes to protecting a business. The latest updates to your malware and password protection systems will not remain effective if they are not regularly checked to make sure that they remain up to date, and able to tackle the latest cybercrime trends. With new threats emerging regularly, keeping one step ahead of cybercriminals means ensuring that your cyber defenses are as up to date as possible, and that means being aware of the latest
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threats and how to protect your business from them.
Team Awareness The weakest point of any defence strategy is always going to be people. That’s why you need to ensure that you develop a strong culture of security within your business. Enforcing a solid and robust security process is vital if you want to keep your customers, staff, and business safe. Make sure that your team is aware of: • Your defense architecture • Security protocols • Basic security standards Keep these measures updated, and you will be better able to
protect yourself from threat. Updated Software and Hardware Hackers are always looking for an exploitable weakness that they can make use of. That’s why you need to keep your software and hardware updated as much as possible. Those updates are generally designed to deal with specific new threats, so failing to update means that you are exposed to unnecessary risk. Endpoint management is being used by more companies than ever, as it allows for faster recognition of threats from a zero-day standpoint. Cost-effective and automated endpoint management using recognized tools like McAfee can go a long way to keeping your business safer.
Protecting Code
Network Monitoring
Open source code is fast becoming a necessity. This is because demands on developers are too fast for software development to keep up with. Unfortunately, open-source code comes with a variety of challenges in terms of both security and compliance. If your business makes use of open source code, then you need to make certain that you have the available resources and manpower needed to review that code for bugs, licensing issues, and security risks. Failing to do so means exposing yourself to the potential harm caused by allowing malicious actors into your software.
All of the data that your company processes needs to be stringently monitored at all times. It is only through regular monitoring that you will be able to identify the procedures and patterns of safe behavior. This monitoring can be automated with a Security Information and Event management system, but the human element of this monitoring should not be overlooked. Privilege management in terms of access to data is a key element of network monitoring, so segmentation of those privileges is not just an option to consider but a vital necessity in the digital age.
There are just as many ways to protect a business as there are to cause it harm. This means ensuring that your security processes are as tight as possible and get ongoing evaluations. When hackers take advantage of both technological and human weaknesses to gain access to the inner workings of a business, the consequences can be devastating.
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Food for Thought: These Foods Will Keep You More Focused and Alert at Work The average workday doesn’t just start at 8 and end at 5. It starts long before that with waking up, getting ready, getting out the door, commuting and then it ends in reverse. Staying sharp and focused can be a real struggle for many people, especially engineers. In this article, we’ll show you how to keep your edge all day long no matter what profession you’re in.
Start the Day off Right This does not mean the sugar-laden coffee drinks or the donut cart at the office. It means high protein and nutrient-loaded. Even if you have to grab-and-go something, make it something real and not processed. Eggs, even hard-boiled, are a fast, portable way to get charged without an eventual crash. Pre-packaged portions of cheese are great, too! Keep them in the fridge and grab a few before you head out. Keep some bottled water in there to avoid that detour to the coffee joint. Your brain will thank you later! 74
Mid-Morning Munchies They’re a real thing, aren’t they? Control the urge to reach for yet another cup of coffee and the box of Danish in the breakroom. Keep some nuts or trail mix or some power bars and re-fuel! This is a good time to indulge in some healthy fats like avocados or cheese as well!
Lunch is Not Dinner Whether or not your job requires you to be a desk jockey or a real jockey, lunch isn’t an all-you-can-eat at the trough event. Work potlucks and birthday celebrations can be fun, but they are often heavy on conveniences like chips and dip and greasy, carbohydrate-laden casseroles. Not to mention every kind of cookie and that overly frosted birthday cake. Just remind yourself that getting seconds (or thirds) will leave you hibernating under your desk before you know it! Bring your own food, opting for proteins like chicken, tuna, or even last night’s leftover grilled salmon. Cooking at home using appliances like an electric grill helps to curb the bad fats in your meal and they also taste pretty great too! If you can, sneak away and take a walk outside. Regardless of the weather, a brisk walk to get some fresh air in your lungs can power you through the day!
The Dreaded Slump Here you are at 3 PM with two hours to go and everything on your desk reads like a foreign language. Resist the temptation to spike your
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blood sugar with candy bars and soda and take this opportunity to breathe deeply, stretch, take a quick stroll if you can. If that doesn’t perk you up, grab the kinds of snacks that will keep you alert without the inevitable crash of processed foods and beverages. Cubes of cheese and salami, celery or apples with peanut butter, raw carrots or other veggies, or a handful of berries will keep the Munchie Monster away until your great escape at workday’s end. 78
However, if you must treat yourself, a small microwave bag of popcorn will do in a pinch. So will a few squares of dark chocolate (70 to 85% cocoa). In fact, studies prove that not only does high-quality dark chocolate do wonders for your brain, but dark chocolate has been proven to improve memory and cognitive skills. It’s a win-win, not only for your focus but your attitude – which your coworkers will appreciate!
To Sum Up Regardless of your career ‘lifestyle’, it’s important to be mindful of what you are eating and drinking throughout the workday. Whether you sit at a desk or behind the wheel, work can be stressful. Coworkers can be stressful. But fueling your body with the right foods can keep you performing like the Rockstar your boss thinks you are!
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