The Roads and Transport Authority (RTA) will soon launch a trial run of electric buses in Dubai.
The buses will be powered by electricity supplied by rechargeable batteries that can be recharged up to 80 per cent in less than 30 minutes. The RTA will coordinate with the Dubai Electricity & Water Authority (Dewa) about future steps as regards providing the infrastructure of electric vehicles.
The pilot project will allow the RTA to assess environmental benefits, measure the rate of reduced carbon emissions, identify the distance covered by the bus following each battery recharge, in addition to other parameters, said Mattar Al Tayer, executive director of the RTA.
“In the light of these assessments, the RTA will decide on the next step to be taken,” Mr Al Tayer said.
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The specs
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What is an ETF?
An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.
There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.
The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.
There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.
While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash.
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Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
QUARTER-FINAL
Wales 20-19 France
Wales: T: Wainwright, Moriarty. Cons: Biggar (2) Pens: Biggar 2
France: T: Vahaamahina, Ollivon, Vakatawa Cons: Ntamack (2)
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Age: 46
Number of Children: Four
Hobby: Reading history books
Loves: Sports
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