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UAE leaders thank BRICS for inclusion into block

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President Sheikh Mohamed bin Zayed Al Nahyan has shown his appreciation on the UAE being included as a member of BRICS and described it as an “important group”.

Taking to his social media platform X, Sheikh Mohamed said he “respected the vision of the BRICS leadership. We look forward to a continued commitment of cooperation for the prosperity, dignity and benefit of all nations and people around the world,” he wrote.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, added that the decision is a reflection of the country’s remarkable leadership and successful international policy.

 

“It also consolidates the UAE’s international economic and trade position as a reliable partner linking the world’s north with its south and east with west,” he wrote. As part of the first phase of expansion, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE have been invited to join BRICS.

They will be formally admitted as members on January 1, 2024. The BRICS group of nations currently comprises Brazil, Russia, India, China and South Africa. The new candidate members were announced by South African President Cyril Ramaphosa, who is hosting the 15th summit of BRICS in Johannesburg.

“As five BRICS countries, we have reached an agreement on the guiding principles, standards, criteria, and procedures on the BRICS expansion process which has been in discussion for quite a while,” Ramaphosa told a joint media briefing.

“We have consensus on the first phase of this expansion process and other phases will follow.”
Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, was one of nearly 50 leaders who attended the main session of the BRICS summit.

Sheikh Saud expressed confidence in the strength of the UAE’s economy and global influence. The inclusion in BRICS reflects the nation’s steadfast approach to enhancing co-operation with various countries worldwide, he said.

Sheikh Saud further highlighted that the UAE has always been an advocate of the principles underpinning BRICS’ objectives and has played a significant role in supporting its international agenda. “We recognise the expansion of BRICS as an important opportunity to create a multilateral leadership model that nurtures and enriches the principles of inclusivity, tolerance and mutual respect, particularly within the region of the Global South,” he added.

He pointed out that the UAE is among the prominent trade and investment partners of BRICS, with non-oil trade between the UAE and member nations reaching $677 billion. Additionally, investment flows amounted to $38 billion between 2018 and 2022.

Education

Emirates recruits UAE students to turn retired aircraft into new products

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Emirates Engineering has launched a new programme giving UAE university students the chance to transform retired aircraft materials into innovative products while gaining hands-on experience with the airline’s engineering teams.

Called Material Futures Studio, the six-week initiative is led by Emirates Engineering’s Upcycling department. It aims to inspire the next generation of aviation engineers by challenging students to find creative new uses for materials recovered from retired aircraft.

The first edition brings together 23 students from Khalifa University, Emirates Aviation University and the University of Sharjah.

Students began the programme with an orientation session and a behind-the-scenes tour of Emirates Engineering’s facilities in Dubai, where they met senior leaders, explored aircraft maintenance operations and visited the airline’s upcycling workshop to see how retired aircraft materials are already being turned into new products.

How the programme works

Over six weeks, participants will develop concepts and prototypes using materials recovered from retired aircraft, with guidance from Emirates Engineering specialists throughout the design and development process.

The programme will conclude with a showcase where students present their final ideas and prototypes.

According to Emirates, the initiative is designed to bridge the gap between academia and industry by giving students practical engineering experience while enabling the airline to tap into fresh ideas and emerging talent.

Part of Emirates’ sustainability efforts

Material Futures Studio builds on Emirates’ wider sustainability strategy and its multi-billion-dollar aircraft retrofit programme.

The airline is currently refurbishing 219 Airbus A380 and Boeing 777 aircraft, one of the largest retrofit projects in the aviation industry. Rather than discarding materials removed during the upgrades, Emirates Engineering has been repurposing them into new products through its in-house upcycling projects.

These include the Aircrafted by Emirates collection of limited-edition luggage, bags and accessories made from reclaimed aircraft materials, as well as Aircrafted KIDS, which transforms retired aircraft fabrics into backpacks for children. Emirates says more than 4,000 backpacks have already been donated to children in 11 countries.

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New Dh3 electric bus service launches in JLT this week

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Getting around Jumeirah Lakes Towers (JLT) is about to become much easier. A new fully electric bus service, JLT Link, launches on August 1, offering residents and visitors a convenient way to travel across the neighbourhood for just Dh3 per ride.

Replacing the existing bus service, the new network is designed to make short trips around JLT quicker, cheaper and more sustainable.

How does JLT Link work?

The service operates a fleet of turquoise electric buses across two circular routes:

  • Route 1: Clusters A to N
  • Route 2: Clusters O to Z

There’s no need to book. Simply head to the nearest bus stop, scan the QR code to pay and hop on.

Metro connections and 18 stops

JLT Link connects directly with both DMCC Metro Station and Sobha Realty Metro Station, making it easier to continue your journey across Dubai.

The network serves 18 stops across JLT and Uptown Dubai, with buses arriving every 20 minutes.

Sustainable and accessible

The fully electric buses are part of DMCC’s wider sustainability strategy and feature:

  • Low-floor boarding
  • Wheelchair accessibility
  • Space for standing passengers

The launch complements other sustainability initiatives across JLT, including solar-powered infrastructure, Dubai Can refill stations and community recycling facilities.

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UAE fuel prices: Will petrol get cheaper in August? Here’s what to expect

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UAE motorists could see petrol prices fall for a second consecutive month in August, although any reduction is expected to be modest as global oil markets remain volatile.

Experts are predicting lower crude oil prices during July will support another cut at the pump, but the ongoing geopolitical tensions and tight fuel inventories are likely to limit how much prices fall.

Based on current trends, experts estimate Special 95 could fall to around Dh3.13 per litre, while Super 98 could drop to about Dh3.24 per litre.

Oil markets continue to react to geopolitical developments, particularly tensions involving Iran and concerns over shipping routes in the Gulf.

However, prices are capable of moving up sharply if regional tensions escalate.

July fuel prices

  • Super 98: Dh3.40 per litre
  • Special 95: Dh3.29 per litre
  • E-Plus 91: Dh3.21 per litre
  • Diesel: Dh3.60 per litre

The UAE is expected to announce fuel prices for August this week, with many motorists hoping for another reduction to help ease the rising cost of living and daily commuting expenses.

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