Philippines Airport Scrambles to Restore Normalcy After Power Cut

MANILA, PHILIPPINES — The Philippines’ main gateway scrambled to resume full services on Monday after a New Year power outage jolted its air traffic control and disrupted 300 flights, prompting calls from business leaders and a top senator for urgent action.

A failure of primary and secondary power supplies caused the outage at Ninoy Aquino airport, and it should take about 72 hours for airlines to normalize their operations, said Cesar Chiong, general manager of the Manila International Airport Authority.

There were 361 flights delayed, canceled, or diverted to other regional airports on Sunday, affecting about 65,000 passengers, while may other flights were rerouted around Philippine airspace.

Chiong said the airport was handling a maximum of 15 flights per hour on Monday morning, down from the usual 20.

Several of the airport’s four terminals were crowded on Monday, with long queues of people trying to re-book flights while other weary passengers slept on chairs or on the floor.

“In the 24 hours that we’ve been waiting, we are now very exhausted from lack of sleep, my body is aching from all the waiting,” said Kirana Mangkabong, 32, an overseas worker.

The airport has been ranked among the world’s worst international gateways, with flight backlogs a regular occurrence and a history of upgrades being delayed or abandoned due to disputes between airport authorities and contractors.

Airports are being built in provinces surrounding Manila to relieve pressure, including in Cavite and in Bulacan, which is due to start operations in 2027.

The transport ministry has ruled out sabotage but vowed to investigate the airport chaos, which has renewed calls for existing gateways to be upgraded and better operated.

“The government should look at this wake up call to improve, either through public or private efforts, or a joint venture,” George Barcelon, president of the Philippine Chamber of Commerce and Industry, told Reuters.

His flight from Dubai was affected, as was that of tycoon Manuel Pangilinan, who on Sunday said his flight from Japan had to turn back halfway through and tweeted: “Only in the PH. Sigh.”

Grace Poe, a former presidential candidate and head of the public services committee, called for a congressional inquiry into the incident, saying it was “a national security concern.”

Airport general manager Chiong said that the facility had introduced its own power system in 2018 but that on Sunday, both the main and backup systems failed.

Once connected directly to the regular commercial electricity, the systems experienced a power surge that forced equipment to shut down, including radar and communications, he said.

Joey Concepcion, a government business adviser, said authorities should revive a proposal for a consortium to modernize the airport.

“Any inefficiencies in the airport translate to big losses in business down the line and are felt throughout the country,” he said in a statement.

Source: Voice of America

Abu Dhabi bourse opens 2023 with bullish sentiments

ABU DHABI, Abu Dhabi’s main stock index started off well in 2023, advancing 0.408% on Monday, underpinned by the biggest lender First Abu Dhabi Bank (NBAD), and Abu Dhabi National Energy (TAQA), which ended 0.580 % and 2.330 % up at AED17.200 and AED3.510 respectively.

Other key lenders, ADCB and ADIB, followed suit, ending the session 0.560% and 0.330 % higher at AED9.050 and AED9.140 respectively.

The Abu Dhabi index outperformed its GCC counterparts in 2022, closing the year with a gain of more than 20% after reaching an all-time high in early November.

In Dubai, the blue chip property Emaar edged 0.680% up to close at AED5.900, while Al Firdous Holdings was the best performer after ending the session 8.530 % up at AED0.140. However, the emirate’s main index closed 0.155 % down at 3,330.900.

Source: Emirates News Agency

Dubai records over AED2.3 bn in realty transactions Monday

DUBAI, Dubai real estate market recorded 457 sales transactions worth AED2.02 billion, in addition to 79 mortgage deals of AED202.61 million, and 11 gift deals amounting to AED85.32 million on Monday, data released by Dubai’s Land Department (DLD) showed.

The sales included 407 villas and apartments worth AED902.97 million, and 50 land plots worth AED1.11 billion.The mortgages included 62 villas and apartments worth AED166.03 million and 17 land plots valued at AED36.58 million, bringing the total realty transactions of today to over AED2.3 billion.

Source: Emirates News Agency

National Bonds, Lulu Exchange sign agreement to boost savings culture in UAE

DUBAI, National Bonds, a Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, has partnered with Lulu Exchange to provide customers and employees with the opportunity to accelerate their savings journey.

The partnership will make it easier and more convenient for UAE nationals and expats to choose from National Bonds’ diversified saving solutions and instantly top up their National Bonds account through any of the 91 Lulu Exchange branches spread across the UAE.

Commenting on the partnership, National Bonds Group CEO, Mohammed Qasim Al Ali, said, “At National Bonds, while we’re working on our mission to empower nationals and residents of the UAE to take charge of their financial future, we’re also striving to deliver intelligent and convenient services to help them have easy access so that they can make swift and confident decisions on time.”

In turn, Adeeb Ahamed, Managing Director of LuLu Financial Group, said, “Investing in reliable savings instruments is key to one’s financial wellbeing, and National Bonds has always been a trustworthy provider in helping its customers achieve this goal. Through our wide network of branches, we hope to drive greater awareness around the various schemes of National Bonds and inculcate a culture of savings among our customers.”

National Bonds’ savings schemes have historically yielded highly competitive profit rates for savers yearly. Customers signing up through Lulu Exchange will automatically be enrolled into the rewards programme administered by National Bonds, aside from National Bonds’ ongoing AED35 million annual rewards programme – which will give away over 400,000 prizes yearly.

Source: Emirates News Agency

Museum of the Future named Johnson Controls’ Blueprint of the Future award winner

DUBAI, Museum of the Future, a public initiative created by the Dubai Future Foundation, has been named a Johnson Controls Blueprint of the Future award winner, as part of the OpenBlue Pioneer awards given by Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings.

The award was presented by Johnson Controls’ George Oliver, chairman and CEO to Dubai Future Foundation’s CEO, Khalfan Belhoul.

With this recognition, Museum of the Future has joined an elite group of global innovators that have taken a major leap in their smart transformation efforts by implementing Johnson Controls’ OpenBlue digital technology.

“Museum of the Future is an exemplary expression of the UAE’s capabilities to imagine, inspire and shape futuristic lives. Its structure has been designed and developed to showcase not just the initiatives of the future but also the commitment to sustainability and knowledge that we possess today. Harnessing the power of digital technology to drive customer outcomes is what we take pride in at Johnson Controls and I applaud Museum of the Future for embracing this digital technology,” said Oliver.

“We are honoured to work alongside futuristic leaders to bring a great vision to life and are pleased to recognize the Museum of the Future as an OpenBlue Pioneer for its unique and distinctive contribution. Johnson Controls has played an important role in implementing some of the critical solutions at this iconic structure which optimizes building performance, achieves impactful sustainability and ensures advanced security,” added Mohammad Khalid, vice president and general manager, Middle East and Africa at Johnson Controls.

Located in Dubai, Museum of the Future is being heralded as one of the most iconic buildings in the world. It is an exhibition space for innovative and futuristic attractions, services and products. Standing 77m tall, the avant-garde façade is made of stainless steel and glass, consisting of 1,024 unique panels. Working closely with interior architects, Johnson Controls delivered advanced security that matched the innovative design. The building employs cutting-edge technologies including virtual and augmented reality as well as artificial intelligence to create a truly immersive experience for visitors from around the world.

“Dubai is the land of the future, and, at Dubai Future Foundation, we aim to create world-class innovation platforms for ideas to take shape. Johnson Controls shares the same vision as ours, we are looking at transforming lives for a sustainable future,” said Belhoul.

Source: Emirates News Agency

Moro Hub, EY launch UAE’s first AI driven Managed Security Service for Operation Technology

DUBAI, Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority in association with EY, announced the launch of its first Artificial Intelligence (AI) driven managed services for Operation Technology (OT) in Cyber Defense Centre (CDC) in the UAE.

EY has been recognised as a GCC leader in professional security services and is known for its innovative services within the global cybersecurity consulting industry.

Hosted in Dubai, Moro OT CDC is powered with next generation technologies such as, Data Lake, Artificial Intelligence, and staffed with real-world experienced data scientists, OT and IoT experts, Threat Intelligent and cyber defense experts. Demonstrating its commitment to enhance the cyber security of UAE’s Critical National Infrastructure, Moro OT CDC continuously monitors the ever-evolving threat landscape and provide appropriate response.

Dr. Ahmed Alketbi, Chief Information Security Officer of Moro Hub, said, “We are pleased to launch UAE’s first in-country OT CDC as a fully Managed Service model in collaboration with EY. Cyber threats targeting Critical Infrastructure are growing at an alarming rate, which may pose threat to human life, environment and operational assets.

“The launch of this service will assist organisations dealing with OT/IoT systems to protect from cyber threats and manage cybersecurity incidents through timely threat detection and swift incident response. We are confident that this new OT Cyber Defense Centre will not only strengthen the region’s cybersecurity resiliency and response capability, but its cutting-edge services and its team expertise, will offer better business efficiency and streamline critical infrastructure safety, reliability, and productivity.”

Operational technologies are increasingly getting connected to business systems to support ever-demanding operational efficiency requirements. This trend has further increased the existing cyber risks faced due to Industry 4.0 migration, Digital transformation, and IT/OT convergence, which increased the exposure of traditionally air-gapped systems to cyber-attack, making it clear that asset owners need to take a stronger, more integrated approach to security.

Clinton Firth, Global Energy Cybersecurity Leader, EY, said, “EY is excited to bring advanced cybersecurity monitoring for critical OT and IoT infrastructure to the region through the partnership with MORO Hub. Cybersecurity monitoring on operational networks and IoT is more paramount than ever as the region continues to see a surge of cybersecurity attacks, along with the advancement in digital disruption and integration of OT and IoT systems. Together, EY and MORO Hub will provide world-class cybersecurity monitoring services to clients to address this critical gap in the market.”

Source: Emirates News Agency