Why airlines fear 5G will upend travel this week?

Why airlines fear 5G will upend travel this week?
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Updated 19 January 2022

Why airlines fear 5G will upend travel this week?

Why airlines fear 5G will upend travel this week?

AT&T and Verizon will postpone new wireless service near some airports planned for this week after the nation’s largest airlines said the service would interfere with aircraft technology and cause massive flight disruptions.
AT&T said Tuesday it would delay turning on new cell towers around runways at some airports — it did not say how many — and work with federal regulators to settle the dispute.
Verizon said it will launch its new 5G network but added, “we have voluntarily decided to limit our 5G network around airports.”
The moves came after the airline industry raised the stakes in a showdown with AT&T and Verizon over plans to launch 5G wireless service this week, warning that thousands of flights could be grounded or delayed if the rollout takes place near major airports.

WHOSE SIDE IS THE GOVERNMENT ON?
Both.
The Federal Communications Commission, which runs the auctions of radio spectrum, determined that C-Band could be used safely in the vicinity of air traffic. The FCC in 2020 set a buffer between the 5G band and the spectrum that planes use to resolve any safety concerns.
But Buttigieg and FAA Administrator Stephen Dickson, whose agency is responsible for aviation safety, saw a potential problem. On Friday, they asked AT&T and Verizon to hold off activating C-Band 5G near an undetermined number of “priority airports” while the FAA conducted further study.

HOW DID AT&T AND VERIZON RESPOND?
They dismissed the concerns. The wireless industry trade group CTIA notes that about 40 countries have deployed the C-Band strand of 5G without reports of harmful interference with aviation equipment.
But AT&T CEO John Stankey and Verizon CEO Hans Vestberg did offer to reduce the power of their 5G networks near airports, as France has done.
“The laws of physics are the same in the United States and France,” Stankey and Vestberg said in a letter Sunday to Buttigieg and Dickson. “If U.S. airlines are permitted to operate flights every day in France, then the same operating conditions should allow them to do so in the United States.”
Although they took steps to soothe the federal officials, the telecoms are still bickering with airlines, which have canceled more than 10,000 U.S. flights since Christmas Eve because of bad weather and labor shortages caused by COVID-19.
“While the airline industry faces many challenges, 5G is not one of them,” Vestberg said in a company memo Tuesday.

HOW MANY PLANES DOES THIS AFFECT?
Under the agreement, the FAA will conduct a survey to find out. The FAA will allow planes with accurate, reliable altimeters to operate around high-power 5G. But planes with older altimeters will not be allowed to make landings under low-visibility conditions.

WHAT WILL HAPPEN IN THE NEXT TWO WEEKS?
The two-week postponement will give the FAA and the companies time to implement the agreement.
AT&T and Verizon will be allowed to launch C-Band service this month under already-granted FCC licenses. The airlines have until Friday to give the companies a list of up to 50 airports where they believe the power of C-Band service should be reduced through July 5.
Until July, the telecoms will talk to the FAA and airlines about potential long-term measures regarding 5G service near airports. However, under terms of the agreement with the FAA, AT&T and Verizon will have sole power to decide if any changes in service will be made.
“We felt that it was the right thing to do for the flying public, which includes our customers and all of us, to give the FAA a little time to work out its issues with the aviation community and therefore avoid further inconveniencing passengers with additional flight delays,” Vestberg said in his memo.
Nicholas Calio, president of the airline trade group, was more muted in his comments about the agreement, although he thanked federal officials for reaching the deal with AT&T and Verizon.
“Safety is and always will be the top priority of U.S. airlines. We will continue to work with all stakeholders to help ensure that new 5G service can coexist with aviation safely,” Calio said.
The FAA issued a brief statement about the two-week delay, saying it looks forward "to using the additional time and space to reduce flight disruptions associated with this 5G deployment.”

 


Saudi tourism ministry signs deals to boost localization program

 Saudi Arabia’s Ministry of Tourism signs two agreements. (Twitter/@Saudi_MT)
Saudi Arabia’s Ministry of Tourism signs two agreements. (Twitter/@Saudi_MT)
Updated 20 May 2022

Saudi tourism ministry signs deals to boost localization program

 Saudi Arabia’s Ministry of Tourism signs two agreements. (Twitter/@Saudi_MT)

RIYADH: Saudi Arabia’s Ministry of Tourism has signed two agreements to enhance joint cooperation and support training and localization programs to qualify those wishing to work in the hospitality sector.
The move, which aims to support workers in the food, beverage and accommodation sectors, in support of achieving the Kingdom’s’ tourism human capacity development strategy.
Bandar bin Mohammed Al-Safir, director general of training and localization at the ministry, stressed that these two agreements aim to develop human resources in the tourism sector through quality training programs that will contribute to developing localized skills in the tourism sector.
Under the two agreements, which were signed with Kempinski Al-Othman Hotel and Carlton Al-Moaibed Hotel, the ministry will support dualifying Saudi nationals in the tourism sector within the “Your Future has Arrived” initiative.


Venture capital and microfinance firms should focus on startups, says Al Ahli Holding Group CEO

Venture capital and microfinance firms should focus on startups, says Al Ahli Holding Group CEO
Updated 19 May 2022

Venture capital and microfinance firms should focus on startups, says Al Ahli Holding Group CEO

Venture capital and microfinance firms should focus on startups, says Al Ahli Holding Group CEO

DUBAI: Mohamed Khammas, CEO of Al Ahli Holding Group, said that startup businesses are an excellent opportunity for investment in venture capital funds and microfinance banks.

During an interview with Arab News at the Top CEO event in Dubai, Khammas Mohamed Khammas, CEO of Al Ahli Holding Group, highlighted that startups are a good investment idea because the “ticket size is smaller, and the product ranges are higher.”

Khammas pointed out the risks that arise for startups are not in their early stages but rather when they become successful.

“The challenge is not when they’re trying to have a major impact on the economy; the problems occur when they become successful. All of those are calculated risks,” he said.

Khammas continued to add that regardless of these risks, investing in new, innovative startups is “absolutely the best opportunity.”

Also, during his talk at the event, Khammas  urged banks to fund new and innovative products and ideas in the area after he shed light on how banks are hesitant to invest in creative ideas.


Futurist says ‘virtual economies are already worth $130bn'

Futurist says ‘virtual economies are already worth $130bn'
Updated 19 May 2022

Futurist says ‘virtual economies are already worth $130bn'

Futurist says ‘virtual economies are already worth $130bn'
  • Investing in video games more rewarding than Metaverse: Raford

DUBAI: Even though the business world is increasingly fascinated by the Metaverse, Noah Raford, futurist-in-chief and chief of Global Affairs at Dubai Future Foundation, claimed games, Web3 and virtual economies is where the smart money is.

While speaking at the Top CEO event in Dubai, Raford argued that people should invest in video games, as it is the only successful digital economy so far.
In a statement to Arab News a day after the event, he said: “The metaverse has extraordinary potential and Dubai is moving rapidly to take advantage of it. Virtual assets and digital economies are a huge growth area. There is a lot of hype and wasted investment, but the best examples at the moment are video games and in-game virtual economies – especially connected to NFTs & Web3.”
Fady Kassatly, partner of Enterprise Solutions and Cloud, KPMG, said the Metaverse is nothing but the next evolution, which will make people live differently.

He also added the Metaverse is going to evolve quickly in different directions, and this is just the beginning of the journey.

On his part, Philippe Blanchard, founder of Futurous, stated the Metaverse will change the relationship between humans and nature.

Predicting an inevitable Metaverse future, Valerie Hawley, director of Sorbonne Center for Artificial Intelligence, said every business will look at the Metaverse space and consider using it in the coming years.

She also added the Metaverse is a projection of the world that humans would like to live in.


Egypt’s central bank, citing inflation, hikes interest rates 200 bps

Egypt’s central bank, citing inflation, hikes interest rates 200 bps
Updated 19 May 2022

Egypt’s central bank, citing inflation, hikes interest rates 200 bps

Egypt’s central bank, citing inflation, hikes interest rates 200 bps

CAIRO: The Central Bank of Egypt on Thursday raised its overnight interest rates by 200 basis points, seeking to contain inflation expectations after prices soared by their quickest in three years.

The bank’s Monetary Policy Committee increased the deposit rate to 11.25 percent from 9.25 percent and the lending rate to 12.25 percent from 10.25 percent, it said in a statement accompanying the decision.

It cited an increase in annual urban inflation to 13.1 percent in April from 10.5 percent in March, its highest since May 2019.

Prices were pushed up in part by a currency depreciation and higher wheat prices after the Ukraine crisis, the statement added.

“The MPC decided that raising policy rates is necessary to contain inflationary pressures which is consistent with achieving price stability over the medium term,” it said.

“The elevated annual headline inflation rate will be temporarily tolerated relative to the CBE’s pre-announced target” of between 5 percent and 9 percent before declining after the fourth quarter, it said.

Eighteen analysts polled by Reuters had expected the bank to raise the median deposit rate to 11 percent and its lending rate to 12.25 percent.


Eight injured in S. Korea’s S-Oil Ulsan refinery

Eight injured in S. Korea’s S-Oil Ulsan refinery
Updated 19 May 2022

Eight injured in S. Korea’s S-Oil Ulsan refinery

Eight injured in S. Korea’s S-Oil Ulsan refinery
  • Aramco Overseas Co., a subsidiary of Saudi Aramco, is S-Oil’s major shareholder

RIYADH: At least eight workers were injured in an explosion at an S-Oil refinery in Ulsan on Thursday, reported The Korean Herald.

Aramco Overseas Co., a subsidiary of Saudi Aramco, is S-Oil’s major shareholder. According to the local media, firefighters were notified of an explosion at the S-Oil refinery at 8:52 p.m. The facility is situated some 400 km southeast of Seoul.

The injured workers were shifted to a nearby hospital. The exact cause of the accident has yet to be determined. The Korean Herald quoted fire authorities as saying “the accident occurred inside S-Oil’s refinery at Onsan industrial park while crude oil was being processed into petroleum.”

The injured workers who were transferred to the hospital are being treated for second-degree burns to the face and the palms, according to authorities. S-Oil is the third-largest oil refiner in Korea.

The firefighters at the refinery appeared to be having trouble fighting the blaze, according to local reports.