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UK aims to help British firms in the UAE

The UK Department of Trade and Investment (UKTI) and British Business Groups in Abu Dhabi and Dubai have struck a deal that will benefit companies in the UAE.New business centres will be set up to help British small and medium-sized enterprises (SMEs) that are looking to conduct more trade in the Middle East.More and more firms have recognised the immense potential of the UAE and it is no surprise that some of the world's major companies now have bases in Dubai.Of course, SMEs do not have the same amount of financial muscle or international experience as the mega-rich corporations that reside in the city's thriving business districts, so these new centres could prove to be crucial.It is an agreement that everybody will benefit from, as British SMEs will receive expert help, which will in turn boost the UAE economy. Indeed, the UK and UAE governments have set a target of increasing trade between the two nations by 60 per cent (based on 2009 levels) by 2015.Dominic Jermey signed the memorandum of understanding for the UKTI and he has high hopes for the venture.”Lord Green's initiative is a great opportunity for the government to work with business in delivering a range of services to UK companies wanting to set up in the UAE,” he remarked.”It will create a platform for UAE and UK SMEs to work together across the emirates to increase bilateral trade, but also in getting companies to work together in third countries.”There has hardly been a better time for businesses to expand into the UAE, as companies already operating in the Middle Eastern country are confident of boosting their profits in the future.A recent study by the Department of Economic Development showed that 91 per cent of firms in Dubai think their revenues will have grown by the end of the second quarter of 2013. In addition to this, nearly a quarter of the survey respondents expect to hire new staff during the three-month period. Continue reading

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Dubai Metro express service to become permanent

An express train that was introduced on the Dubai Metro's Red Line in October 2012 is set to become a permanent feature, it has been confirmed.The Road and Transport Authority (RTA) launched the service on a temporary basis and it has proven to be a big success.Speaking to Emirates 24/7, director of the RTA's rail operations Ramadan Abdullah revealed the train – which runs between Rashidiya and Jebel Ali in the early hours – will continue to operate on a daily basis.”The express service has been made a permanent service. The number of daily users is between 700 and 800, more than we initially expected,” he was quoted as saying.Extra trains were laid on from 05:30 and 05:40 local time in order to cater for the large number of commuters who need to move around the city every morning. Regular services start at 05:50 each day.Journeys between the two stations usually take between 60 and 70 minutes, but the express service manages to cut this down considerably by missing out 14 stations.A number of popular stations are included on the route, including Emirates Towers and Dubai Internet City, which perhaps explains why the trains have been such a success.The RTA has been working hard to ensure Dubai's public transport network is able to accommodate the growing number of people moving to the city.Plans are in place to expand the Metro and the organisation has also launched new bus services, some of which will provide links to railway stations.The RTA has been showcasing Dubai's latest transport developments at the 60th International Association of Public Transport (UITP) Congress and Exhibition, which took place in Geneva, Switzerland between May 26th and 30th.As well as highlighting the impressive work that has gone into making Dubai one of the best connected cities in the Middle East, the RTA also outlined plans for the UITP Congress in the Middle East & North Africa 2014 – an important event that will take place in Dubai. Continue reading

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America’s New Energy Export Is…Trees?

By ERICA PETERSON Enlarge image Credit Σ64 / Wikimedia Commons When we talk about exporting energy sources to other countries, the conversation tends to center on fossil fuels. Here in Kentucky, it’s all about coal, and even as the nation cuts back on coal burning, many mines are hoping that burgeoning economies in Asia will help fill in the economic gaps. But the BBC Newshour had an interesting story this morning about another fuel that America is exporting: wood. Trees that are grown in the Southeast are being sent to Europe to fuel biomass boilers, and there’s a debate about whether that process actually helps the European Union further its stated goals of reducing carbon dioxide emissions. The EU has a renewable energy standard, mandating that 20 percent of energy has to come from renewable sources. And biomass–and wood-burning–technically fits that definition. As the BBC reports , some of the trees being turned into wood pellets and exported to the United Kingdom come from tree plantations. These farms mainly raise trees for timber, but the twisted trees that don’t make good boards can be ground up and turned into pellets. But BBC Correspondent Roger Harrabin reports that  if the market grows enough, it could attract wood from other places. I drove with environmentalists at dawn to a gorgeous swamp forest in North Carolina. The birdsong was entrancing, and a scarce prothonatory warbler – known as the swamp canary – danced before our TV lens. The wood fuel industry has not advertised that it also takes trees from natural forests like this to boil kettles in Britain – but that’s what happens. Most of the swamp forests in south-east US are in the hands of small private landowners and they face few restrictions on what they do with their assets. And environmentalists argue that the ultimate irony is that a renewable energy standard that was meant to help slow and reduce the effects of climate change could end up contributing to the problem. The British government will shortly announce its rules for the sustainability of “biomass” burning for power. It will set a standard for emissions created from the cutting, drying and shipping and timber but it will make a working assumption that burning the wood has nil CO2 emissions as new trees will suck up the CO2 emitted by wood burning. Critics say this is simplistic as it fails to recognise that it will take maybe 50 years for new trees to absorb the CO2, whilst politicians agree that emissions need to be cut immediately to prevent carbon over-heating the planet. It also fails to account for the fact that in the US the forest stock has been increasing and this process offsets the growth in carbon emissions from homes and industry. Burning American trees in the UK reduces America’s “carbon sink”. Foresters argue that this doesn’t matter much as long as the total biomass sent for export is no greater than the wood used in a single large pulp mill. But these numbers will grow fast. Plus, whenever anything is exported via ocean liner, there are carbon emissions associated with  transportation. While Louisville is lacking the trees it needs (and this fact landed the city the #2 spot on Grist’s list of the top 10 American cities most “screwed by climate change”), Kentucky has a lot of forest land. Some groups like the Kentucky Sustainable Energy Alliance say biomass could be one way to help move the state away from coal (but it’s important to note that the term “biomass” could mean anything from mature trees to switchgrass ). Meanwhile, the Mountain Association for Community Economic Development has a program that incentivizes forest owners to maintain their forests by paying them for all of the carbon dioxide their trees sequester. Continue reading

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