09 May, 2016

SHELL UNVEILS ULTRA ENERGY EFFICIENT CONCEPT CAR

 

Dubai, 9th May, 2016 - Shell has unveiled a concept city car which, if it were ever to go into production, could deliver material reductions in energy use in the road transport sector. The three seater car is tangible proof of energy efficiency improvements that can be achieved by using cutting edge technology available today through a process of “co-engineering” whereby vehicle body, engine design and lubricants are all created together.  


Independent testing and a rigorous life-cycle study shows that Shell’s Concept Car would deliver a 34% reduction in primary energy use over its entire lifecycle when compared to a typical city car available in the UK. The Shell Concept Car would use around half the energy required to build and run than a typical small family car available in the UK and 69% less than that of a typical sports utility vehicle available in the UK


The Shell Concept Car is a total rethink of the Gordon Murray Design T.25 city car produced in 2010 for which Shell produced a prototype oil to improve the vehicle’s energy efficiency. The new car is the result of a co- engineering collaboration between world leading vehicle, engine and lubricant designers, with each of the three elements of the vehicle tailored to work optimally with each other.  It takes a holistic view on energy reduction focusing on design material selection; reduced energy demand via aggressive downsizing, and streamlining while enhancing the efficiency of energy delivery through innovative engine design and lubricant formulation to minimise the impact in terms of overall energy lifecycle use.


The car’s gasoline consumption has been measured using a range of vehicle testing protocols covering both steady state and urban driving styles.  Sample test results include a steady state consumption of 107 miles per gallon was achieved [2.64Litres per 100km] [38km/Litres] [89.1 miles per gallon US] at 50kph/31mph and an improvement of 4.67g CO2/km on the New European Driving Cycle (NEDC) from the use of bespoke lubricants, equivalent to a 5% improvement in fuel efficiency compared to standard lubricants available in the UK.


Mark Gainsborough, Executive Vice-President of Shell’s global lubricants businesses which backed the project said, “This is a significant automobile engineering milestone. I’m very proud of what Shell’s scientists and their partners at Geo Technology and Gordon Murray Design have achieved. Insights gained from this project could be transformational in terms of how we address energy use in the road transport sector. Energy use and climate change are major issues for society. This project shows that if we use the best of today’s technology, including cutting edge lubricants science, we could potentially have a major impact on energy use and reduce CO2 emissions. The improvement in economy derived from the collaborative design of engine and lubricant is impressive and highlights the enormous benefits achieved from close relationships between design partners. It also shows the powerful role that lubricants can potentially play in helping achieve CO2 reduction targets.”


The Shell Concept Car was independently tested at a UK certified automotive testing facility alongside a range of other cars under comparable conditions to measure fuel economy and CO2 emissions. In the formal NEDC test the Shell Concept Car produced lower CO2 emissions than both a typical petrol-powered city car (28%) and a hybrid car (32%).


Shell provided all the fluids for the car, specially ‘designing’ the motor oil to complement and enhance the overall efficiency of the vehicle, principally by minimising friction. Shell’s Lubricants technology team created bespoke engine oil, based on its premium product Shell Helix Ultra with PurePlus Technology.  In parallel, engine guru Osamu Goto’s group at Geo Technology optimised the three cylinder petrol engine by re-designing and optimising many of the internal engine components associated with friction. On the cold portion of the NEDC, these fluids reduced CO2 emissions by 7.1% and on the combined cycle by 5.0%, compared to standard lubricants available in the UK, again highlighting the value of co-designing engine and fluids.


Built around Gordon Murray Design’s patented iStream® platform, the Shell Concept Car represents a radical rethink on the way in which cars are designed, developed and produced. It combines cutting-edge lightweight technology – the car weighs just 550kg – and is built using carefully chosen materials which have a low energy and CO2 footprint. Gordon Murray’s experiences in Formula One™ racing have been used to develop the car, particularly its crashworthiness and lightness. A number of the car’s components were created using 3D printing to accelerate the construction of this prototype vehicle.  The car also uses recycled carbon fibre for its body that can be assembled for a quarter of the price of a conventional steel car and almost the entire car can be recycled at the end of its life.  The car makes use of a modified version of Shell’s Drive App via a smartphone.  This App provides the driver with real time feedback via an on-screen graphic which emphasizes the fact that fuel consumption is highly dependent on driver’s behaviour.


From a styling perspective, the Shell Concept Car offers a new take on the ‘tall and narrow’ look, and dials up the fun factor with its sporty central driving position and two passenger seats behind.  The design produces an extremely novel seating arrangement allowing three people to be carried despite the car’s diminutive exterior dimensions and gives it a turning circle smaller than that of a London taxi, making it ideal for urban driving.


Dr. Andrew Hepher, Vice President, of Shell’s lubricant research team said: “Our car may be small, but it’s packed with potential. We want to accelerate the conversation about how we make road vehicles more energy efficient and less carbon-intensive. In the coming weeks and months, we look forward to sharing our research insights from this project with engine designers, car manufacturers, academics and other experts across the automotive sector.”

Bristol Fire Engineering Honored with 2016 Dubai Quality Appreciation Award

 


DUBAI, 9 May, 2016: Bristol Fire Engineering has been recognized at the hugely prestigious Business Excellence Awards by being honoured with the Dubai Quality Appreciation Award from the Department of Economic Development (DED) in Dubai.

Held under the patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the awards include the Dubai Quality Award (DQA), the Dubai Human Development Award (DHDA) and the Dubai Business Excellence Scheme (DSES).

Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and Shaikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai International Marine Club, attended the ceremony and honoured Bristol Fire Engineering for their outstanding pursuit of excellence during 2015.

Bristol, the leading manufacturer of world-class firefighting and fire protection equipment in the Middle East, won the award for achieving exceptional business values and exuding excellence in its all-round business practices in the field of manufacturing.

The Dubai Quality Appreciation Award is part of the annual Business Excellence Awards. The 22nd the ceremony was hosted on May 3rd, 2016 by the Department of Economic Development (DED) to showcase companies that spur economic growth within the region.

Mahmoud Awad, Chairman of Concorde-Corodex Group, parent company of Bristol Fire Engineering, said: “We are honored to be recognized with the prestigious Dubai Quality Appreciation Award and thank the Government of Dubai for their unwavering support.

“We look forward to drive our shared vision of making the UAE the safest country in the world by providing the highest standards in firefighting and fire protection solutions.

“Service and quality excellence are central to our company’s objectives, and winning a Dubai Quality Appreciation Award is a glowing endorsement of our continuous investment in developing the highest standards in our fire safety equipment.”

For decades, the company has been proudly supplying the UAE’s police and Civil Defence and several other government entities with superior equipment and services. It also supplies sectors such as the oil and gas, commercial, and industrial industries within the UAE and across the globe.

Awad added, “I would like to also extend this award to the entire BRISTOL team, both its management and employees, that have made our success possible. Our people are our biggest asset, being in business all my life I have always believed so, and this award reaffirms it.” 

FXTM Chief Market Strategist Hussein Sayed comments on the impact of Friday’s NFP results and the upcoming week for the US economy

In today’s note:
 
Hopes for a June rate hike by the Federal Reserve were totally diminished after the disappointing NFP report on Friday showed that the U.S. economy had added only 160,000 jobs in the month of April. This marked the fewest number of jobs added in seven months and well below the one-year median of 232,000. The labor force participation rate which dropped by 0.2%, after increasing moderately for the past six months provided another worrying sign as Fed officials take this number seriously when planning for the next move. On the bright side, average hourly earnings increased by 0.3% in March, taking the year-on-year change to 2.5% in April. Wage growth and comments from permanent Fed voter William Dudley who reiterated on Friday that it’s reasonable to expect that the U.S. central bank would raise rates twice this year, supported the dollar from collapsing. From the other side traders seemed prepared for a weak release as the CFTC report indicated U.S. dollar short positions had climbed for a third consecutive week, which also explains why the dollar’s reaction was muted.
 
This week is not of less importance to the U.S. currency. In fact, price stability has been of more concern to the Federal Reserve which has a target of 2% inflation rate. To reach the targeted rate, consumers in the U.S., who represent two-thirds of the economy, should be more encouraged to spend. Low energy prices and cheap credit has so far failed to elevate spending as retail sales missed markets expectations in seven out of the past ten months. Whether the improvement in wage growth will boost consumers’ appetite to spend, Friday’s retail sales will provide an answer. On the same day Michigan Consumer Sentiment Index, which has declined for four straight months is due to release. The survey shouldn’t be ignored either as it’s a key component to predict American’s future spending habits. The Dollar index which climbed in the past four trading days is still down 5% for the year and seems completely priced out a rate hike in June and probably in September too. If fundamentals started painting a rosier picture for the U.S. economy in the second quarter the dollar has more potential to the upside as most negative news already priced in. 38.2% Fibonacci retracement from November highs to May lows at 95.2 will be the primary upside target.
 
The Cable has been astonishingly firm against the EUR and JPY, although recent bulk of data indicated that UK’s economy is being hit from all sides ahead of June's Brexit vote. GBP key risk event this week will be the BoE’s meeting on Thursday who’s going to keep rates unchanged. However, since past year we were monitoring members looking to raise rates, now I wouldn’t be surprised if any of the nine members voted for a cut. The press conference and inflation report are likely to take the center stage for clarification on how concerned the MPC are over recent released data which showed all key economic sectors slowed down and growth eased from 0.6% in Q4 to 0.4% in the first 3 months of the year. Traders should be more cautious on how to trade the pound as it might seem there’s something more than just the referendum story impacting the currency.   
 
To read more market analysis from FXTM please visit: ForexTime

Majid Al Futtaim wins at the MENA Digital Awards 2016 and Festival of Media Awards MENA 2016

 


Retail pioneer recognised for the innovative City Centre’s mobile app and outstanding 2015 Monopoly campaign


Dubai, UAE; May 9, 2016: Majid Al Futtaim has been awarded two prestigious awards at the MENA Digital Awards 2016 (MDA) and the Festival of Media Awards MENA 2016. The retail pioneer won in two categories: “Best Mobile App” for City Centres’ mobile app at the MDA, as well as “Best Engagement Strategy” for the Corporate Sustainable Responsibility angle of the 2015 Monopoly campaign at the Festival of Media Awards MENA.
At the MDA, the “Best Mobile App” category recognised the best mobile app in terms of originality, how beneficial it is to its users, accessibility and efficiency, innovation in technology as well as UX and overall design.
Majid Al Futtaim also received the Bronze Award for the sustainability layer of its 2015 Monopoly campaign under the “Best Engagement Strategy” category at the Festival of Media Awards MENA. Majid Al Futtaim was the only shopping malls group shortlisted during the Festival of Media. The recognition demonstrated the importance of a superior consumer experience delivered through activations paired with an innovative approach for media. The campaign successfully merged ‘gaming’ with ‘giving’, creating memorable moments for all those who participated and raised more than AED 1,800, 000 (USD 500,000) for rebuilding houses in Nepal after the 2015 earthquake. 


“Mobile technology is set to grow in importance and play a vital role in the consumer shopping experience. As an industry leader, Majid Al Futtaim is always looking for new ways to innovate and offer its customers experiences that go beyond their expectations. The recognition of City Centres’ mobile app confirms our standpoint that using innovative technology infused with originality, and with consumer experience always top of mind is the way forward,” said Fuad Mansoor Sharaf, Senior Director – Property Management, Shopping Malls for Majid Al Futtaim properties.
“In line with the company’s vision to create great moments for everyone, everyday, and we will continue to deliver added-value experiences for our visitors. A perfect example of this vision brought to life is our Monopoly campaign. We brought a giant version of the world famous game to the region for the first time two years ago, and won several awards for its marketing excellence and innovation. We are very proud to have been recognised for the success of its charitable angle, as our visitors thoroughly enjoyed the experience and were able to make a difference by helping others in need at the same time,” he added.
Majid Al Futtaim has also been shortlisted to win a Global Award for “Not Just Special but Super” campaign with Al Noor foundation at the Festival for Media Global Awards, for which is a notable acknowledgement as only four brands from the region were selected for the global award.
The MENA Digital Awards (MDA) the first awards show to promote digital innovation and media in the MENA region. MDA recognizes excellence in the use of digital technologies and media that takes the communication industry to the future.
The Festival of Media MENA Awards is the only awards dedicated to the evolution of media, celebrating the best in media thinking and communications across the MENA region. Senior level executives from the world's biggest brands, marketing and media agencies, join together to network and learn about the latest trends and techniques in the industry.



«ماجد الفطيم» تفوز بجائزتين مرموقتين خلال حفل «الجوائز الرقمية بالشرق الأوسط وشمال أفريقيا 2016» وحفل «جوائز مهرجان الإعلام 2016»


المجموعة الرائدة في عالم مراكز التسوق والتجزئة والترفيه تنال جائزة عن تطبيق سيتي سنتر النقال المبتكر وجائزة عن حملة مونوبولي المتميزة العام الماضي


دبي، الإمارات العربية المتحدة، 9 مايو 2016: فازت «ماجد الفطيم»، الاسم الرائد في عالم مراكز التسوق والتجزئة والترفيه في الشرق الأوسط وشمال أفريقيا، بجائزتين مرموقتين إحداهما خلال حفل «الجوائز الرقمية بالشرق الأوسط وشمال أفريقيا 2016» والأخرى خلال حفل «جوائز مهرجان الإعلام 2016».


فقد فازت «ماجد الفطيم» بجائزة فئة "أفضل تطبيق نقال" عن تطبيق سيتي سنتر النقال المبتكر خلال حفل «الجوائز الرقمية بالشرق الأوسط وشمال أفريقيا»، وجائزة فئة "أفضل استراتيجية تواصل" عن جانب المسؤولية المؤسسية المستدامة لحملة فعالية مونوبولي 2015 خلال حفل «جوائز مهرجان الإعلام 2016».


ففي حفل «الجوائز الرقمية بالشرق الأوسط وشمال أفريقيا» فازت «ماجد الفطيم» بجائزة فئة "أفضل تطبيق نقال" التي تأخذ في الحسبان أصالة التطبيق النقال وفائدته لمستخدميه، إلى جانب سهولة استخدامه والابتكار التقني والتصميم.


وخلال حفل «جوائز مهرجان الإعلام» فازت «ماجد الفطيم» بالجائزة البرونزية عن جانب الاستدامة لحملتها الترويجية الخاصة بفعالية مونوبولي العام المنصرم وذلك عن فئة "أفضل استراتيجية تواصل" وتبرز هذه الجائزة أهمية تجربة العملاء الفائقة والمتحققة من خلال فعاليات مقرونة بمنهجية إعلامية مبتكرة. ودمجت فعالية مونوبولي التي استضافتها «ماجد الفطيم» بين الترفيه والعطاء، فقد وفرت تجربة ترفيهية ممتعة للمشاركين بها وجمعت في الوقت نفسه أكثر من 1.800.000 درهم (500.000 دولار) لإعادة بناء منازل دمرها الزلزال الذي ضرب نيبال في عام 2015.


وفي هذا الصدد، قال فؤاد منصور شرف، مدير تنفيذي أول - إدارة العقارات، مراكز التسوّق لدى «ماجد الفطيم العقارية»: "تتزايد أهمية التقنية النقالة بشكل كبير ومتواصل، كما يزداد دور هذه التقنيات في تجربة تسوُّق العملاء. وباعتبارها من الشركات الرائدة والسباقة في مجال صناعة التجزئة والترفيه، تسعى مجموعة ماجد الفطيم لابتكار الأساليب الجديدة التي ترتقي بتجارب العملاء إلى مستويات غير مسبوقة. ونحن فخورون بفوز تطبيق سيتي سنتر النقال بمثل هذه الجائزة المرموقة لأنها المرة الأولى التي ننافس بها في هذا المجال. وتؤكد هذه الجائزة وجهة نظرنا حول الأهمية البالغة للتقنية المبتكرة المتسمة بالأصالة والقائمة على تجربة العملاء الفائقة".


وتابع قائلاً: "بالتناغم مع رؤية مجموعة ماجد الفطيم الرامية إلى تحقيق أسعد اللحظات لكل الناس كل يوم، فإننا نواصل الابتكار لتوفير تجارب قيمة تسعد كافة الزوار والعملاء. ومن الأمثلة الجلية التي تؤكد تلك الرؤية حملة لعبة مونوبولي. فقد استضافت ماجد الفطيم قبل عامين نسخة عملاقة من اللعبة الأكثر مبيعاً في العالم وذلك للمرة الأولى بالمنطقة، وفزنا حينها بجوائز عدة عن الأبعاد المتميزة والمبتكرة لحملتها التسويقية، ويسرنا اليوم أن نفوز مجدداً عن الأبعاد الخيرية، فقد كانت التجربة ممتعة إلى حد بعيد بالنسبة للمتسوقين، وأتاحت لهم في الوقت نفسه فعل الخير من خلال التبرُّع لمساعدة الآخرين".


وخلال حفل «جوائز مهرجان الإعلام» رُشحت «ماجد الفطيم» أيضاً ضمن القائمة القصيرة للفوز بجائزة عالمية عن حملة "أبطال خارقون" التي أقيمت بالتعاون مع «مركز النور لتدريب وتأهيل ذوي الاحتياجات الخاصة»، وهذا إنجاز متميز بحدّ ذاته حيث اقتصر الترشيح للجائزة العالمية على أربع جهات من المنطقة.


يُشار إلى أن «الجوائز الرقمية بالشرق الأوسط وشمال أفريقيا» هي الأولى التي تكرّم الابتكارات الرقمية والحملات الإعلامية الرقمية بمنطقة الشرق الأوسط وشمال أفريقيا. وتمثل هذه الجوائز المحفل الأمثل لتكريم الابتكار والتميز في استخدام التقنيات والوسائط الرقمية المختلفة الداعمة لمسيرة هذه الصناعة نحو المستقبل.


وأما «جوائز مهرجان الإعلام» فهي الوحيدة المخصصة لتطور الإعلام، وتكرّم أفضل الأفكار والإنجازات الإعلامية في أنحاء الشرق الأوسط وشمال أفريقيا. ويلتقي خلالها كبار المديرين التنفيذيين الذين يمثلون بعض أكبر العلامات التجارية العالمية ووكالات التسويق والإعلام للتعرف على أحدث التوجهات والتقنيات في هذه الصناعة المهمة.



ABU DHABI AND DUBAI COMBINED RANK 17TH GLOBALLY IN MOST ACTIVE CITIES FOR SHOPPING CENTRE DEVELOPMENT

 


  • The two Emirates currently have 626,887 sq m of retail space under construction
  • Global shopping centre development increases to 41.9 million square metres


Dubai, 9 May 2016 – Two of the UAE’s most popular destinations, Abu Dhabi and Dubai, have together ranked amongst the top 17 of the most active cities for shopping centre development, according to CBRE’s latest Global Shopping Centre Development report. The cities currently have a total of 626,887 sq m of total retail space under construction, an 11% rise on last year’s figures. Dubai accounts for 361,127 sq m and Abu Dhabi for 265,760 sq m of retail space.  


In the global rankings for shopping centres delivered over the last year, Dubai, along with Muscat, ranked in the top 30, with Muscat leading the way for the GCC region ( please see figure 1 below)




According to the 2016 report, the Middle East retail market remains a very attractive proposition for international brands. Dubai ranks second for international brand presence*, with high per capita incomes, significant growth potential, and a high spending consumer base.  


Commenting on the findings, Matthew Green, Head of Research and Consulting, CBRE Middle East said, “We know that consumers across the Middle East like to spend their money on retail, food and beverage (F&B) and leisure activities particularly within the mall environment. The ongoing investment across the region is therefore catering to these needs and with retailers from across Europe and the U.S. continuing to look for alternatives to drive future expansion, the region offers a wide range of opportunities for consumers.”


“The Middle East offers a tried and tested marketplace for investors with less risk than those normally associated with emerging markets. This is clearly reflected in the size of the development pipeline for the region, especially so for Dubai and Abu Dhabi. With demand for new stores being sustained across key markets, developers remain bullish on the outlook for the retail sector in the region”, said Green.


Within the Middle East, the UAE’s development pipeline is significant with a number of major malls set out for delivery over the next three years. Nakheel’s Palm Mall in Dubai, which comprises around 111,000 sq m of GLA and is expected to complete in 2018, and The Point, which has a total GLA of 48,000 sq m and is due to open in 2017. In Abu Dhabi the next super-regional shopping mall expected to be completed is Maryah Central, which will offer around 146,000 sq m GLA.


The report also outlines that Doha is currently witnessing a transformation of its retail sector amidst an ongoing construction boom, which could see around 1.2 million sq m GLA delivered over the next three years alone, with the government striving to modernise the city in the build up to the 2022 Qatar World Cup. At nearly 264,000 sq m GLA, Doha Festival City, due to open in late 2016, is also set to become the largest mall in the country, featuring around 550 retail shops, including over 100 F&B Beverage outlets. The mixed-used scheme will combine retail with leisure, dining, entertainment and hospitality, including Doha’s first snow park as well as the region’s first Angry Birds indoor/outdoor theme park, and a theme park dedicated to the rapidly growing ‘gaming’ community.


Other results beyond the Middle East region unveil that China remains the most active market in terms of delivery of new space, accounting for two thirds of construction globally. Cities such as Chongquing, Shenzen, Chengdu and Shanghai all have over 3 million sq m of space under construction in over 30 projects in each city.


Emerging markets such as Manila, Moscow, Mexico City and Bangalore completed over 6 million sq m in 2015, however activity in Eastern European markets has slowed due to economic and political uncertainty.


The Global Shopping Centre pipeline continues to increase from 39 million sq m in 2014 to 41.9 million with Asian cities dominating nine out of the top ten most active global markets, reports leading global real estate advisor CBRE.



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