Latest news with #MakeitintheEmirates2025
The National
6 days ago
- Automotive
- The National
Why buying an electric vehicle is a smart financial decision
Electric vehicles once represented an idea in the distant future. Today, they are taking hold and making car buyers ponder the question: how do they measure up when considering the full cost of ownership? To begin with, it's important to look at the issue through more than just the lens of innovation or sustainability. At the heart of it, it's really about value - how that value holds up over time, and what it ultimately means to individuals and families trying to make smarter, long-term choices. Upfront vs long-term costs The conventional way to compare vehicles always started with the price tag. Although that number still matters, it doesn't tell the whole story. EVs may carry a higher upfront cost in some cases, especially in premium segments, but they often flip the script on running costs. Electric vehicles are fundamentally simpler machines. They don't require oil changes, have fewer moving parts, and brake wear is reduced through regenerative systems. Add to that lower fuel bills, fewer service visits and, over time, especially for high-mileage users, the math becomes harder to ignore. That said, there are a few areas where conventional cars could still give their electric counterparts a run for their money. Refuelling, for one. Pull into any petrol station, spend five minutes filling up, and you're back on the road. Compare this to 30 to 60-minute charging sessions for EVs. Environmental benefits too aren't clear-cut. That 'zero emissions' claim rings hollow when electricity comes from coal plants, and manufacturing those battery packs creates significant environmental impact, critics may point out. However, when analysed over their full lifetime and with cleaner grids in place, EVs are without doubt far cleaner than petrol and diesel vehicles. Watch: UAE-built electric vehicles on show at Make it in the Emirates 2025 Things to consider when buying EVs Charging strategy: Charging at home or at the office offers the lowest cost per kilometre. Relying solely on fast public chargers changes the economics. Battery performance: Most brands offer eight-year battery warranties, but performance still depends on climate, driving patterns, and charging habits. After-sales ecosystem: Choosing an EV isn't just about the car. It's about the brand's ability to support you with service, spare parts, and software over the long run. Resale trajectory: Traditional cars have a predictable depreciation path. The EV resale market is still maturing, but momentum is building. Especially for models with strong brand backing and software stability. EVs front-load more of the cost. Combustion vehicles often incur more over time. The difference lies in how you plan to use your car and how long you intend to own it. The switch to EVs also marks a shift in expectations. Drivers are beginning to think in longer cycles. Ownership is less about short-term trade-ins and more about consistent performance, lower operating costs, and technology that evolves with use. That doesn't make EVs the right choice for everyone, but it does explain why more people are moving in that direction, and why the ownership model itself is being redefined. From a customer perspective, we're seeing more first-time EV owners making the switch. Not because of trends, but because they've taken the time to re-evaluate what ownership really means. The economics, the long-term value and the shift in cost dynamics are becoming clearer. When drivers look beyond the sticker price and start factoring in charging, maintenance and long-term efficiency, not to mention doing their bit for the environment, the equation changes. What once felt like a leap now feels like a logical step.
Web Release
28-05-2025
- Business
- Web Release
LHS Champions UAE's Sustainable Industrial Growth at ‘Make it in the Emirates 2025'
Leading Hospitality Services (LHS), a pioneer in sustainable infrastructure and green innovation, has reaffirmed its dedication to supporting the UAE's industrial transformation and sustainability agenda at 'Make it in the Emirates 2025'. The company emphasised its commitment to advancing the nation's economic diversification and net-zero ambitions by localising production of its sustainable technologies within the UAE and enhancing domestic supply capabilities. Hosted by the Ministry of Industry and Advanced Technology (MoIAT), 'Make it in the Emirates 2025' serves as a vital platform for connecting innovators, manufacturers, and investors to explore new opportunities and unlock industrial growth across 12 strategic sectors. LHS's participation in the event underscores its alignment with the UAE's vision of building a sustainable, competitive, and innovation-driven industrial ecosystem. Mr. Atul Kapil, Group General Manager of LHS, said, 'At 'Make it in the Emirates 2025', we're proud to reinforce our long-term commitment to the UAE's industrial vision by localising the production of sustainable technologies that are both practical and scalable. This allows us to respond faster to market needs, reduce our carbon footprint, and enable electricity-free cooling for buildings and infrastructure—while advancing the country's ambitions for green manufacturing and sustainable innovation.' 'This event is a vital platform for highlighting how businesses can actively contribute to the UAE's vision for industrial transformation. We believe in the value of investing in locally driven innovation that addresses the region's specific environmental challenges while creating meaningful, long-term economic and social impact,' he added. LHS's commitment to sustainable development is further evidenced by its recent initiatives. In October 2024, LHS became a corporate member of the Emirates Green Building Council (EmiratesGBC), marking a significant step in its mission to promote sustainability, energy efficiency, and green building practices across the UAE. This collaboration aims to foster innovation and facilitate knowledge exchange among industry leaders, policymakers, and green technology developers, accelerating the adoption of sustainable practices in the country's infrastructure. Currently, LHS is a silver sponsor at the EmiratesGBC's 14th Annual Congress. In November 2024, LHS showcased its latest technological advancements at Big 5 Global, the world's most influential construction industry event. The company presented a range of groundbreaking solutions designed to balance environmental benefits with economic viability, addressing pressing challenges in the construction industry by offering scalable solutions that promote energy efficiency and reduce carbon emissions. Additionally, LHS has partnered with AQMC to provide sustainable air and surface sterilization systems that eliminate odours, bacteria, viruses, and hazardous gases. AQMC's unique paramagnetic process ensures clean, safe air and surfaces without altering oxygen levels or relying on harmful chemicals, aligning with LHS's commitment to delivering innovative solutions that enhance environmental responsibility and human well-being. As the UAE continues to position itself as a global hub for sustainable industrial development, LHS remains committed to playing a pivotal role in this transformation by delivering solutions that align with the nation's strategic objectives.
Web Release
24-05-2025
- Business
- Web Release
Emirates Development Bank Launches Game-Changing Digital Banking Platform to Empower UAE Entrepreneurs
On the final day of Make it in the Emirates 2025, Emirates Development Bank (EDB), the UAE's key financial engine for economic diversification and industrial growEmirates Development Bank (EDB), the UAE's key financial engine for economic diversification and industrial growth, has launched EDB 360, a groundbreaking, fee-free digital banking platform built to supercharge the ambitions of the nation's entrepreneurs and micro, small, and medium enterprises (mSMEs). Designed for growth from day one, EDB 360 breaks down the traditional barriers of business banking. With no fees, no minimum balance, and no red tape, it gives entrepreneurs what they need most: speed, simplicity, and full control. Through smart integration with key government entities, EDB 360 allows users to open an account in minutes – not days – freeing founders to focus on scaling their ideas instead of navigating paperwork. H.E. Ahmed Mohamed Al Naqbi, CEO of EDB, said: 'At EDB, our mission goes far beyond finance. We help businesses grow, because when they grow, the UAE grows. With EDB 360, we've created a zero-bureaucracy, high-impact platform that gives entrepreneurs the flexibility, tools, and tailored support they need to build the businesses of tomorrow. By removing friction and expanding access to capital and advice, we're helping turn bold ideas into real economic impact.' Launched in collaboration with leading government and entrepreneurship bodies – including the Ministry of Economy, Ministry of Industry and Advanced Technology (MoIAT), Sharjah Entrepreneurship Center (Sheraa), Khalifa Fund, and the Department of Economy & Tourism (DET) — as well as strategic ecosystem partners such as Visa, NymCard, Klaim, eFunder, Thoughtworks, and Trade Capital Partners. 360 connects users with the wider financial and startup ecosystem to help them access new opportunities and scale with confidence. From a single app, entrepreneurs can manage payroll, invoicing, and payments, monitor cash flow, and access a growing suite of value-added services — including smart integrations with fintech platforms and a dedicated EDB Concierge that offers real-time advice for setup and scale-up. Entrepreneurs operating in EDB's key sectors benefit from sector-specific guidance, tools, and financing options that accelerate growth while contributing to the UAE's broader economic vision. Now available on iOS and Android, EDB 360 is the UAE's next step in building a smarter, stronger startup economy. Learn more at
Mid East Info
24-05-2025
- Business
- Mid East Info
Modon Holding, Emaar Properties, Calidus Group and Silal Food & Technology Join the National ICV Program - Middle East Business News and Information
As part of the efforts to expand the National In-Country Value (ICV) program, a signing of four memoranda of understanding (MoUs) took place between the Ministry of Industry and Advanced Technology (MoIAT) and Modon Holding, Emaar Properties, Silal Food & Technology and Calidus Group. The agreements mark the official entry of the four entities into MoIAT's National ICV Program to benefit from the key enablers and advantages that support growth and competitiveness. The signings took place on the second day of Make it in the Emirates 2025, the UAE's comprehensive economic program hosted by MoIAT, organized by Abu Dhabi National Exhibitions Company Group, and held alongside strategic partners the Ministry of Culture, ADNOC Group, and ADIO. Held under the theme 'Advanced Industries. Accelerated', the event brings together local and international manufacturers, investors, and innovators and runs until May 22 at Abu Dhabi National Exhibition Centre. The agreements aim to strengthen cooperation between MoIAT and the four companies in line with the goals of the National ICV Program. The program is a key component of the UAE's Projects of the 50 and supports the objectives of the National Strategy for Industry and Advanced Technology, which aims to achieve significant economic benefits by redirecting procurement spending by government entities and leading national companies back into the economy. The MoUs were signed by His Excellency Omar Al Suwaidi, Undersecretary of MoIAT; H.E Abdulla Al Sahi, Group Managing Director of Modon Holding, Mr. Ahmad Al Matrooshi, Executive Director of Emaar Properties; Salmeen Al Ameri, Chief Executive Officer of Silal Food & Technology, and Dr. Khalifa Murad Alblooshi, Chief Executive Officer of Calidus Group, witnessed by H.E. Tareq Al Hosani, Chairman of Calidus Group. Modon Holding is an international holding company with business sectors including real estate, hospitality, asset management, investments, events, and tourism. While Emaar Properties is a leading real estate developer, both locally and internationally, and Silal Food & Technology aims to diversify food sources and drive agri-food activity. Calidus Group, recognised as a pioneer in providing advanced land and air defence systems, manufactures military vehicles, aircraft, and state-of-the-art military technologies. This partnership builds on the momentum of the National ICV Program in industrial sector, which has generated AED 347 billion in cumulative local expenditure by the end of 2024, supporting industrial self-sufficiency, job creation, and local economic value. These efforts promote industrial self-sufficiency in vital and priority products, create job opportunities, enhance national economic value, and empower Emirati entrepreneurs under the Make it in the Emirates platform. The fourth edition of Make it in the Emirates is drawing strong local and international participation, including prominent decision-makers from both government and private sector entities, entrepreneurs, investors, industrialists, experts, innovators, and financial institutions, along with the participation of more than 720 industrial companies showcasing their innovative products.
Mid East Info
24-05-2025
- Business
- Mid East Info
Make it in the Emirates 2025: MoIAT and Noventiq Partner to Digitally Transform 20 UAE Factories with Industry 4.0 Technologies
UAE, Abu Dhabi: May, 2025 – The Ministry of Industry and Advanced Technology (MoIAT) has signed a strategic Memorandum of Understanding (MoU) with global digital transformation leader Noventiq to accelerate the adoption of Industry 4.0 technologies across the UAE's industrial sector. The MoU was signed by H.E. Omar Suwaina Al Suwaidi, Undersecretary of MoIAT, and Sergey Chernovolenko, President and COO of Noventiq, during the Make it in the Emirates 2025 event, currently underway at the Abu Dhabi National Exhibition Centre and will continue through 22. As part of the agreement, 20 national factories will undergo digital upgrades to become model smart facilities, powered by cutting-edge Fourth Industrial Revolution (4IR) technologies. Noventiq will provide services valued at AED 3 million in support of MoIAT's Industry 4.0 program, contributing to the UAE's broader vision of advancing industrial innovation and digital transformation.
