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The New Economy is committed to the very highest standards of journalism. Our editorial  board works together with experts from leading technology think tanks, public and private sector organisations, and academics from the most esteemed educational and research centres around the world, to bring you deep analysis of the issues of the day and clear and precise explanations of emerging technologies.

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The New Economy is provided to Finance Directors, Chief Financial Officers and their legal and strategic advisers, corporate treasurers and leading bankers, institutional investors and compliance officers, regulators, Ministers of Finance, Energy/Environment Ministries and their senior council. The New Economy’s remit is to engender financial investment and encourage discussion and debate of appropriate strategies for the promotion of global economic growth in a concise and constructive format.

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Ahmed Al-Ozairi on renewable energy | Life Energy | Video

When you think of the Gulf, you think of oil. But the Gulf states’ own energy needs are growing fast, and the more they use, the less they can export. Life Energy’s CEO presents the business case for greater use of renewable energy in the Middle East.

The New Economy: What role would you say renewable energy is playing in the development of the gulf regain?

Ahmed Al-Ozairi: The explanation of growth taking place in the gulf is demanding another source of energy other than the existing type of energy which is purely on fossil fuel. The growth in our region is from 6% – 8% annually on the consumption of using energy. That is 3/4 folds of the world wide consumption growth. Such a growth requires us to find another source of energy to occupy that kind of demand.

The New Economy: Think of the gulf and you think of oil as the main energy resource. So, realistically, how significant a part could renewable play in the energy mix?

Ahmed Al-Ozairi: As we know the gulf states main economy is about producing oil, that type of economy would require to produce and export rather than to produce and consume. So having to include that type of energy would help to export more and consume less and hence a better economy for the region.

The New Economy: Let’s go back to the origins of Life Energy, what inspired you to set up the company?

Ahmed Al-Ozairi: The region has always been known as a prime source of the fossil fuel. But with an ambulance of soil and wind energy available in the region, we thought that would be a perfect tie in to produce more energy.

The New Economy: So what is the road map now for the company, looking ahead?

Ahmed Al-Ozairi: Life Energy will have focus in 2 different segments. 1 of them I would call the utility segment and then there will be the industrial segments. In the beginning we will be focusing more on the industrial area and that will help in producing the energy required for such a region. After that we will be doing the energy for the other parts of the utility sector.

The New Economy: Looking ahead, alliances or partnerships with other companies might be important for you?

Ahmed Al-Ozairi: Without these partners we wouldn’t exist. Without their help we would not be able to complete our achievements. We believe we need to have technology partners, implementation partners and financial partners to be able to achieve our goals.

The New Economy: Ahmed Al-Ozairi, thank you very much.

Ahmed Al-Ozairi: Thank you.

Emerging Market Infrastructure Awards 2011

India
Best for Highways & Flyovers Infrastructure

GMR Infrastructure

Best for Airports Infrastructure
GMR Infrastructure

Best for Ports Infrastructure
IMICL

Brazil
Best for Highways & Flyovers Infrastructure
Isolux Corsán

Best for Ports Infrastructure
Complexo Industrial Portuario de Suape

Best for Energy & Power Infrastructure
Isolux Corsán

Best for Water Systems
Acciona Agua

Mexico
Best for Highways & Flyovers Infrastructure
Promotora Y Operadora De Infraestrutoria

Best for Ports Infrastructure
Promotora Y Operadora De Infraestrutoria

Best for Water Systems
Acciona Water

Chile
Best for Energy & Power Infrastructure
Transelec

Best for Water Systems
Aguas Andinas

China
Best for Airports Infrastructure

Xi’an Xianyang International Airport / Xi’an Xianyang International Airport Company

Best for Ports Infrastructure
COSCO Pacific

Czech Republic

Best for Water Systems

Ondeo Services

Qatar
Best for Energy & Power Infrastructure

Qatar Electricity and Water Company

Best for Airports Infrastructure

Queen Alia International Airport/Airport International Group

Best for Ports Infrastructure
New Doha Port/ Qatar Ports Management Company

Best for Water Systems
Qatar Electricity and Water Company

UAE
Best  for Water Systems

Qatar Electricity and Water Company

Turkey
Best for Ports Infrastructure
Antalya Port/Global Investment Holdings

Philippines
Best for Ports Infrastructure

Port of Manila/ International Container Terminal

Best for Energy & Power Infrastructure
Cagayan Electric Power and Light Company

Best for Water Systems
Maynilad Water Services

Malaysia
Best for Highways & Flyovers Infrastructure

PLUS Expressways Berhad

Best for Ports Infrastructure
Port Klang

Kuwait
Best for Ports Infrastructure

Shuwaikh Port/JTC Ports

Best for Water Systems
Utilities Development Company

Jordan
Best for Ports Infrastructure

Aqaba Container Terminal

Best for Water Systems
Aqua Treat

Estonia
Best for Ports Infrastructure

Port of Sillamae

Best for Water Systems

Tallinna Vesi

Sustainable Finance Awards 2011

Best Sustainable Banking Group, Uruguay
Banco Republica

Best Sustainable Banking Group, Argentina
Banco Galicia

Best Sustainable Banking Group, Qatar
Doha Bank

Best Sustainable Banking Group, Mexico
Banamex

Best Sustainable Banking Group, Portugal
Caixa Geral de Depositos

Best Sustainable Banking Group, Chile
BCI

Best Sustainable Banking Group, France
BNP Paribas

Best Sustainable Banking Group, South Africa
Nedbank

Best Sustainable Banking Group, Brazil
Itau Unibanco

Best Sustainable Banking Group, Sweden
SEB

Best Sustainable Banking Group, Spain
Banca Civica

Best Sustainable Banking Group, Turkey
Sekerbank

Best Sustainable Banking Group, Netherlands
Rabobank

Best Sustainable Banking Group, Australia
NAB

Best Sustainable Banking Group, Jordan
Capital Bank

Best Sustainable Banking Group, Palestine
Bank of Palestine

Best Sustainable Banking Group, Indonesia
Bank OCBC NISP

Best Sustainable Banking Group, Germany
KFW Bankengruppe

Best Sustainable Banking Group, Denmark
Merkur Cooperative Bank

Best Sustainable Banking Group, Oman
National Bank of Oman

Best Sustainable Banking Group, Lebanon
Bank Med

 

 

Best Microfinance Institution, Mexico
Compartamos Banco

Best Microfinance Institution, Ecuador
Banco solidario

Best Microfinance Institution, Yemen
Al-Amal Microfinance Bank

Best Microfinance Institution, Brazil
Crediamigo

Best Microfinance Institution, Colombia
Banco Caja Social

 

 

Best Sustainable Investment Manager, Brazil
Itau Unibanco

Best Sustainable Investment Manager, Belgium
KBC

Best Sustainable Investment Manager, Switzerland
Lombard Odier

Best Sustainable Investment Manager, UK
Climate Change Capital

Best Sustainable Investment Manager, Canada
Royal Bank of Canada

Flu “super antibody” may bring universal shot closer

Scientists have found a flu “super antibody” called FI6 that can fight all types of influenza A viruses that cause disease in humans and animals and say their discovery could be a turning point in the development of future flu treatments.

Researchers from Britain and Switzerland used a new method aimed at beating “needle-in-a-haystack-type-odds” and managed to identify an antibody from a human patient which neutralises both main groups of influenza A viruses. Although it is an early step, they said, it is an important one and in time may pave the way for the development of a universal flu vaccine.

Vaccine makers currently have to change the formulations of their flu shots every year to make sure they protect against the strains of the virus circulating. This is a cumbersome process which takes time and money, so the goal is come up with a universal flu vaccine that could protect people from all flu strains for decades, or even for life.

“As we saw with the 2009 pandemic, a comparatively mild strain of influenza can place a significant burden on emergency services. Having a universal treatment which can be given in emergency circumstances would be an invaluable asset,” said John Skehel of Britain’s National Institute for Medical Research, who worked on the study with colleagues from the privately-owned Swiss firm Humabs.

Researchers in the US said last year they were having some degree of success with another possible approach to developing a universal flu shot, using a two-step system of a vaccine using DNA to “prime” the immune system and then using a traditional seasonal flu shot.