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Hamdan bin Mohammed inaugurates RIT-Dubai’s New Campus at Dubai Silicon Oasis

DUBAI, 28th November, 2021 (WAM) — H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, today inaugurated the new campus of Rochester Institute of Technology – Dubai (RIT-Dubai) in Dubai Silicon Oasis (DSO), which spans 30,000 square meters and offers advanced specialisations that support the transformation of universities into free economic and creative zones.

Speaking on the occasion, H.H. Sheikh Hamdan bin Mohammed said that the future is in the hands of youth who possess deep knowledge of new technologies and the culture of innovation, which empowers them to advance development driven by knowledge, digital transformation, and creative excellence. Sheikh Hamdan emphasised that talented individuals specialised in programming, artificial intelligence applications, and advanced technologies play a key role in realising the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to build a better life for future generations.

"Universities are integrated economic and creative zones that support the sixth principle of the Principles of the 50 launched by His Highness Sheikh Mohammed. They are a hub for young talent to contribute to building a flexible and sustainable economy based on knowledge, innovation, and technology," H.H. added.

Sheikh Hamdan bin Mohammed also toured the Fakeeh University Hospital in DSO. The hospital’s administration briefed Sheikh Hamdan bin Mohammed on how they utilise medical research and experiences to develop a comprehensive healthcare landscape for the future. In turn, this cements DSO’s and Dubai’s position as a hub for knowledge and innovation.

The programmes offered by RIT-Dubai’s new campus at DSO will contribute to building a qualified talent pool in advanced technologies like artificial intelligence and fourth industrial revolution applications. Diverse technology courses offered by RIT-Dubai to students will help raise Dubai’s position as an academic destination for world-class higher education.

Sheikh Hamdan was accompanied on the tour by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DSO;Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention; Dr. Mohammed Al Zarooni, Vice Chairman and CEO of DSO.

Sheikh Ahmed bin Saeed Al Maktoum emphasised that Dubai continues to develop its digital infrastructure and technology to support entrepreneurs, startups, and international companies, while also working to attract international universities and global innovation centres. He noted that DSO is contributing to these efforts as part of its role as a centre for knowledge and innovation in the Dubai 2040 Urban Master Plan that was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum to make Dubai the best city to live and work in.

Sheikh Ahmed bin Saeed Al Maktoum said: "Developing talent competent in technology and digital economy applications enables us to take advantage of promising future opportunities, especially in new professional and learning paradigms based on digital solutions that use augmented, virtual and immersive reality technologies."

Dr. Mohammed Al Zarooni said that DSO’s objectives are aligned with the Principles of the 50, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, to transform Dubai into the city of the future. DSO seeks to actively contribute to transforming universities into free economic and creative zones and enhancing cooperation between universities and companies to promote innovation and development. Dr. Al Zarooni pointed out that the location of RIT-Dubai’s new campus gives students and researchers convenient access to several key technology and digital companies located in DSO’s Dubai Digital Park.

The new campus features a digital transformation and innovation lab with funds of up to AED3.7 million. The lab seeks to enable innovative students and youth in all fields to develop quality solutions for smart cities of the future.

Dr. Yousef Al Assaf said: "Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum’s inauguration of the new campus in Dubai Silicon Oasis encourages university staff and students to contribute to enhancing scientific and technological research in Dubai and the wider UAE and develop innovative solutions that can be used in business."

He added: "Universities play a key role in envisioning and designing emerging and promising trends in future societies and economies. Students and researchers give countries a competitive edge, especially in the fields of innovation, scientific and applied research. We look forward to RIT-Dubai playing this vital role by empowering younger generations from Dubai, the UAE and the MENA region with the academic knowledge and advanced research capabilities they need to lead various dynamic sectors in the future."

Dr. Mazen Fakeeh, President and Chairman of the Board of Fakeeh Care, said, "We are more than honoured to have been graced by the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum at Fakeeh University Hospital. FUH is our flagship venture in the UAE and we have left no stone unturned to ensure every healthcare need of the UAEs population is met, with utmost care, state-of-the-art clinical expertise and the latest technology available in the region. With the vision of attaining new frontiers and enhancing the region’s healthcare offerings, we are proud of what we’ve achieved within a year of being operational. FUH brings more than four decades of Fakeeh Care legacy to the UAE; a legacy of quality healthcare and medical excellence. Going ahead, we seek to harness the power of innovation and personalized attention to provide the best possible patient outcomes through our technology-driven, patient-centric smart hospital."

The new RIT-Dubai campus offers programmes in advanced technology disciplines, artificial intelligence applications, big data and cybersecurity. The Campus located close to the innovation centres and advanced technology companies in Dubai Silicon Oasis spans 30,000 square meters and can accommodate up to 4,000 students in its advanced academic and laboratory facilities.

The Fakeeh University Hospital is a 350-bed smart facility that provides primary, secondary, and tertiary care through leading medical practitioners across 55 specialties. Equipped with cutting-edge technology, it can treat an estimated 700,000 patients a year, serving communities in the UAE and the wider region.

The hospital features innovative diagnostic technologies and advanced data-assisted and automated medication dispensing systems. This includes the state-of-the-art robotic pharmacy and FUH Care – the mobile app that provides patients easy access to the hospital. His Highness also visited the hospital’s emergency department – one of the largest in the emirate in the private sector, spread across 35,000 square feet, which is fully equipped with advanced operating theatres, radiology, and diagnostics.

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Ryanair cabin crew in Spain announce 12 new days of strikes in July

Spain-based cabin crew at Ryanair plan to strike for 12 days this month to demand better working conditions, the USO and SICTPLA unions said on Saturday, raising the prospect of travel chaos as the summer tourist season gets under way.

The announcement came on the final day of the crews’ current strike, which began on Thursday and forced Ryanair to cancel 10 flights in Spain on Saturday.

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Cabin crew will strike on July 12-15, July 18-21 and July 25-28 across the 10 Spanish airports where Ryanair operates, the unions said in a statement.

“The unions and crew of Ryanair … demand a change of attitude from the airline,” they said in a statement, calling for Ryanair to resume negotiations on working conditions.

The unions also urged the government “not to allow Ryanair to violate labor legislation and constitutional rights such as the right to strike.”

Airline workers across Europe have been staging walkouts as the sector adapts to a resumption of travel after pandemic lockdowns.

Spain-based cabin crew at easyJet are striking for nine days this month for higher pay. The airline cancelled five flights from Spain on Saturday.

Workers at Paris’ Charles de Gaulle airport went on strike on Friday and into Saturday, forcing the cancellation of about 10 percent of flights.

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Tesla braces for delayed delivery due to China plant shutdown

Tesla Inc. is expected to announce quarterly production and delivery figures this weekend that will likely be among the worst of the year – and break its multi-quarter streak of record-setting results – due largely to an extended shutdown of its factory in Shanghai.

The electric vehicle maker may have delivered more than 261,000 vehicles globally during the three months ended in June, according to nine analysts surveyed by Bloomberg, ending a two-year stretch of consecutive quarterly gains.

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Tesla handed over more than 310,000 vehicles in the first three months of the year, more than any previous quarter.

“We cut our second-quarter deliveries estimate by 65,000 to 245,000 units, reflecting a prolonged Covid 19-related shutdown and logistical challenges in the Shanghai factory,” wrote Emmanuel Rosner of Deutsche Bank in a research note to clients. “Recall that during the first-quarter call, CEO Elon Musk had provided directional guidance of sequentially flat deliveries for the quarter but the situation in China worsened subsequently,” only improving in early June.

Shares of Tesla rose 1.2 percent to close trading Friday at $681.79, but the stock is down about 35 percent so far this year.

Deliveries are one of the most closely watched metrics at Tesla. They underpin the Austin, Texas-based company’s financial results and are widely seen as a broad barometer of consumer demand for EVs amid a wider shift away from the internal combustion engine.

Many large automakers will announce US sales results Friday but Tesla, which reports global totals, hasn’t specified a release date.

Dan Levy, an analyst with Credit Suisse, reduced his delivery estimate for the period to 242,000 units. “In aggregate, we believe the Shanghai shutdown accounted for about 90,000 units of lost production in the second quarter,” Levy wrote in a note to clients.

Tesla makes the Model S, X, 3 and Y vehicles at its plant in Fremont, California. It also produces Models 3 and Y at a factory near Shanghai. The company has begun delivering the first Model Ys from its new plant near Berlin and held a “Cyber Rodeo” event for 15,000 people in April to celebrate a new factory in Austin.

‘Money Furnaces’

However, both Berlin and Austin have been slow to ramp up production, with Musk warning in a late May interview that both plants are “gigantic money furnaces.”

Analysts and investors are also worried that the price hikes automakers are imposing to combat soaring raw material costs will weigh on demand. Tesla had boosted its sticker prices by as much as $6,000 a car earlier this month, according to Electrek.

A stronger-than-expected delivery number could provide a boost to Tesla’s stock, which is down more than 35 percent this year amid wider market concerns about rising energy costs, inflation and a potential recession.

Musk shares many of those concerns and is in the process of laying off 10 percent of Tesla’s salaried work force while pushing others to return to the office.

Earlier this week, Tesla laid off roughly 200 people on its Autopilot team, mostly hourly employees who worked as data annotation specialists.

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Regulator urges Germans to prepare for possible gas shortage

Fearing Russia might cut off natural gas supplies, the head of Germany’s regulatory agency for energy called on residents Saturday to save energy and to prepare for winter, when use increases.
Federal Network Agency President Klaus Mueller urged house and apartment owners to have their gas boilers and radiators checked and adjusted to maximize their efficiency.
“Maintenance can reduce gas consumption by 10 percent to 15 percent,” he told Funke Mediengruppe, a German newspaper and magazine publisher.
Mueller said residents and property owners need to use the 12 weeks before cold weather sets in to get ready. He said families should start talking now about “whether every room needs to be set at its usual temperature in the winter – or whether some rooms can be a little colder.”
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The appeal came after Russia reduced gas flows to Germany, Italy, Austria, the Czech Republic and Slovakia earlier this month, as European Union countries scramble to refill storage facilities with the fuel used to generate electricity, power industry and heat homes in the winter.
Russian state-owned energy company Gazprom blamed a technical problem for the reduction in natural gas flowing through Nord Stream 1, a pipeline which runs under the Baltic Sea from Russia to Germany.
The company said equipment getting refurbished in Canada was stuck there because of Western sanctions over Russia’s invasion of Ukraine.
German leaders have rejected that explanation and called the reductions a political move in reaction to the European Union’s sanctions against Russia after it invaded Ukraine.
Vice Chancellor Robert Habeck, who is also Germany’s economy and climate minister and responsible for energy, has warned a “blockade” of the pipeline is possible starting July 11, when regular maintenance work is due to start. In previous summers, the work has entailed shutting Nord Stream 1 for about 10 days, he said.
The question is whether the upcoming regular maintenance of the Nord Stream 1 gas pipeline will turn into “a longer-lasting political maintenance,” the energy regulator’s Mueller said.
If the gas flow from Russia is “to be lowered for a longer period of time, we will have to talk more seriously about savings,” he said.
According to Mueller, in the event of a gas supply stoppage, private households would be specially protected, as would hospitals or nursing homes.
“I can promise that we will do everything we can to avoid private households being without gas,” he said, adding: “We learned from the coronavirus crisis that we shouldn’t make promises if we’re not entirely sure we can keep them.”
He said his agency “does not see a scenario in which there is no more gas coming to Germany at all.”
Also on Saturday, German chemical and consumer goods company Henkel said it was considering encouraging its employees to work from home in the winter as a response to a possible supply shortage.
“We could then greatly reduce the temperature in the offices, while our employees could heat their homes to the normal extent,” Henkel CEO Carsten Knobel told daily newspaper Rheinische Post.
Earlier this month, Habeck activated the second phase of Germany’s three-stage emergency plan for natural gas supplies, warning that Europe’s biggest economy faced a “crisis” and storage targets for the winter were at risk.
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