First UAE national becomes member of IDEA board of directors
Ahmad Bin Shafar, the CEO of Empower, the largest district cooling service provider in the region, has been appointed as a member of the board of directors of the US-based International District Energy Association (IDEA).
Bin Shafar is the first UAE national to be nominated to the IDEA board of directors. IDEA is the information and networking hub for the district cooling and combined heat and power (CHP) industries worldwide.
"I am honoured to be appointed to this highly respected position alongside some eminent figures in the industry," said Bin Shafar, the only candidate from a Middle East company to be nominated for a senior position.
"With its searing temperatures and high usage of district cooling systems, the Middle East market can share its best practices and experiences with a much wider audience through its involvement with IDEA, the lynchpin of the entire industry worldwide." IDEA announced the new board members during its Annual Business Meeting on June 4th, at its Annual Awards Luncheon in Miami, Florida.
Empower, which is a joint venture between DEWA and Dubai Technology and Media Free Zone, currently provides district cooling services at several prominent developments in Dubai, including Dubai International Finance Centre, Dubai Healthcare City, Business Bay Area, Jumeirah Beach Residence, Al Khail Gate and Ghuroob Mirdif. – Emirates News Agency, WAM
New Emirati inventions in the field of smart devices
The World Intellectual Property Organisation (WIPO) has published two new international patent applications for the UAE in the field of smart phones and tablets, to register ownership in this field of four international inventions, which are the first for the Arab world.
As their first inventions in this field of technology, for tablets of multiple parts which fold automatically into smart phones, the team of inventors, Eida Almuhairbi with her husband Eng. Wasfi Alshdaifat and Eng. Farah Qassab, decided that the development by international companies for flexible, manually foldable tablets also need a further developed automatic folding and unfolding mechanism.
The main inventor, Wasfi Alshdaifat, said, "The international search and examining authorities have written in their reports that the 55 claims in the four inventions are totally industrially applicable, novel, and inventive, compared to the searched patents, which were referring to Samsung, LG, Toshiba and other companies.
From her side, Eida Muhairbi stated that according to the PCT (Patent Cooperation Treaty), the major competent companies capable of developing their prototypes into marketable products, based on the positive results of the high-quality international search reports from WIPO, had requested them to enter into the international phase, to get their patents granted from the relevant patents offices in USA, China, Japan, Europe, and South Korea. Almuhairbi added, "Now, it will be easy to get the patents granted from these offices, but we need to file 20 national patent applications in these offices, which costs around Dh2,000,000 as fees for the agent offices' service charges and patents filing fees.
WIPO has published 15 international patent applications for the UAE so far this year, including 6 (40%) for the Almuhairbi and Alshdaifat team, who now have thirty registered international patents applications with the WIPO making them the top inventive body in the country, ahead of UAE university which has eight. – Emirates News Agency, WAM
UAE ranks 28th worldwide in GDP
The UAE has ranked 28th worldwide among the largest economies of the world in terms of gross domestic product (GDP), according to the World Bank data. By this, the UAE has the second largest Arab and regional economy after Saudi Arabia, which ranked 20th worldwide.
According to the World Bank’s estimates, the UAE’s gross domestic product stood at US$360.25 billion (Dhs1.32 trillion), based on 2011 data adopted by the World Bank for evaluating the largest economy in the world.
The US topped the list with a gross domestic product of US$14.99 trillion, followed by China with US$7.32 trillion.
Third came Japan with US$5.867 trillion, followed by Germany with US$3.6 trillion, France with US$2.773 trillion, Brazil with 2.476 trillion, United Kingdom with US$2.445 trillion, Italy with US$2.193 trillion, India with US$1.872 trillion, Russia with US$1.857 trillion, Canada with US$1.736 trillion, Spain with US$1.476 trillion. – The Gulf Today