Nasser Saidi, chairman of the Clean Energy Business Council, and Khalifa Al Qubaisi, chief commercial officer of Adnec, at Wednesday’s press conference announcing the first Electric Vehicle Innovation Summit in Abu Dhabi. Khushnum Bhandari / The National
Nasser Saidi, chairman of the Clean Energy Business Council, and Khalifa Al Qubaisi, chief commercial officer of Adnec, at Wednesday’s press conference announcing the first Electric Vehicle Innovation Summit in Abu Dhabi. Khushnum Bhandari / The National
Nasser Saidi, chairman of the Clean Energy Business Council, and Khalifa Al Qubaisi, chief commercial officer of Adnec, at Wednesday’s press conference announcing the first Electric Vehicle Innovation Summit in Abu Dhabi. Khushnum Bhandari / The National
Nasser Saidi, chairman of the Clean Energy Business Council, and Khalifa Al Qubaisi, chief commercial officer of Adnec, at Wednesday’s press conference announcing the first Electric Vehicle Innovation

Abu Dhabi to host Mena's first electric vehicle summit in May


Alvin R Cabral
  • English
  • Arabic

Abu Dhabi will host the Middle East and North Africa's first summit focused on electric vehicles this summer, as the UAE seeks to position itself as a leader in the next generation of transport.

The Electric Vehicle Innovation Summit, set to take place from May 23 to 25 at the Abu Dhabi National Exhibition Centre, is expected to attract important players in the burgeoning EV market. It will also stress the importance of environmental responsibility, Evis organisers said on Wednesday.

"In the decades to come we're going to be living in a transportation revolution ... eventually all transport systems will become electric," Nasser Saidi, chairman of the Clean Energy Business Council, said at a press conference.

"At the same time, what's going to encourage this transport revolution is the shift in people's habits and attitudes – we're now more conscious of the environment and climate change."

The EV market has grown exponentially in the past decade, with global sales more than doubling to 6.6 million in 2021 as more people opt for eco-friendly alternatives to traditional fuel guzzlers, the International Energy Agency said in a report this month.

In 2012, about 130,000 EVs were sold but now that is roughly the number sold in a week, as the report says.

EVs now command a 9 per cent global market share in the car industry, more than double the 4.1 per cent share in 2020 when 3 million units were sold, and more than triple 2019's 2.5 per cent share, when 2.2 million cars were sold, the IEA said.

The rise of the EV market also runs parallel to global sustainability and environmental goals. The UAE last October announced its Net Zero By 2050 initiative, which aims to reduce the Emirates' carbon emissions by 2050 by investing Dh600 billion ($163.37bn) in clean and renewable energy sources in the next three decades.

In November, the Abu Dhabi Department of Energy outlined nine initiatives to help accelerate the UAE's sustainable economic growth during the UN's Cop26 climate talks in Glasgow, in which the UAE took an active part.

Stephen Severance, head of programme management and marketing at Masdar City, at the announcement. Khushnum Bhandari / The National
Stephen Severance, head of programme management and marketing at Masdar City, at the announcement. Khushnum Bhandari / The National

"If we're serious about carbon neutrality by 2050, we need to be serious about [the] electrification of our fleet," said Stephen Severance, head of programme management and marketing at Masdar City, Abu Dhabi's sustainability centre and partner of Evis.

The summit is a "catalyst in steering the region's transition towards e-mobility", said Khalifa Al Qubaisi, chief commercial officer of Adnec Group. It "reaffirms the Abu Dhabi government's focus on renewable energy and clean transportation technologies, in addition to our commitment to a net-zero future".

Leading industry figures, including Germany's Mercedes-Benz and Tesla, the world's biggest EV manufacturer, are expected to exhibit electric transport for land, sea and air at the Evis.

Discussions will be held on topics such as new energy vehicles, energy, infrastructure, powertrains and batteries.

In the decades to come we're going to be living in a transportation revolution ... eventually all transport systems will become electric
Nasser Saidi,
chairman of the Clean Energy Business Council

Tesla, widely seen as the barometer of the global EV market's health, underlined the growing interest of the UAE market when it opened its first showroom in Dubai in 2017.

Elon Musk, the chief executive of Tesla and the world's richest person, said at the time that the company planned to invest "tens of millions of dollars" in the UAE for charging, service and support infrastructure.

"The Evis is very promising. We all know that everybody is worried about climate change and clean energy and sustainability issues," said Naser Al Bahri, managing director of events and conferences at Nirvana Holding, the organiser of the Evis.

With governments across the world launching EV initiatives, "the e-mobility transformation is mandatory. We would like to encourage investments in clean vehicle technology", he said.

Nearly 600 delegates, 200 exhibitors and up to 5,000 visitors are expected to attend the summit, which is intended to become an annual event.

_____________________

What does future hold for UAE's beloved Nissan Patrol under switch to electric cars?

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

FIGHT CARD

Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)

Catchweight 75kg Leandro Martins (BRA) v Anas Siraj Mounir (MAR)

Flyweight Corinne Laframboise (CAN) v Manon Fiorot (FRA)

Featherweight Ahmed Al Darmaki (UAE) v Bogdan Kirilenko (UZB)

Lightweight Izzedine Al Derabani (JOR) v Atabek Abdimitalipov (KYG)

Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)

Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)

Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)

Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)

KEY%20DATES%20IN%20AMAZON'S%20HISTORY
%3Cp%3E%3Cstrong%3EJuly%205%2C%201994%3A%3C%2Fstrong%3E%20Jeff%20Bezos%20founds%20Cadabra%20Inc%2C%20which%20would%20later%20be%20renamed%20to%20Amazon.com%2C%20because%20his%20lawyer%20misheard%20the%20name%20as%20'cadaver'.%20In%20its%20earliest%20days%2C%20the%20bookstore%20operated%20out%20of%20a%20rented%20garage%20in%20Bellevue%2C%20Washington%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJuly%2016%2C%201995%3A%3C%2Fstrong%3E%20Amazon%20formally%20opens%20as%20an%20online%20bookseller.%20%3Cem%3EFluid%20Concepts%20and%20Creative%20Analogies%3A%20Computer%20Models%20of%20the%20Fundamental%20Mechanisms%20of%20Thought%3C%2Fem%3E%20becomes%20the%20first%20item%20sold%20on%20Amazon%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1997%3A%3C%2Fstrong%3E%20Amazon%20goes%20public%20at%20%2418%20a%20share%2C%20which%20has%20grown%20about%201%2C000%20per%20cent%20at%20present.%20Its%20highest%20closing%20price%20was%20%24197.85%20on%20June%2027%2C%202024%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1998%3A%3C%2Fstrong%3E%20Amazon%20acquires%20IMDb%2C%20its%20first%20major%20acquisition.%20It%20also%20starts%20selling%20CDs%20and%20DVDs%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2000%3A%3C%2Fstrong%3E%20Amazon%20Marketplace%20opens%2C%20allowing%20people%20to%20sell%20items%20on%20the%20website%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2002%3A%3C%2Fstrong%3E%20Amazon%20forms%20what%20would%20become%20Amazon%20Web%20Services%2C%20opening%20the%20Amazon.com%20platform%20to%20all%20developers.%20The%20cloud%20unit%20would%20follow%20in%202006%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2003%3A%3C%2Fstrong%3E%20Amazon%20turns%20in%20an%20annual%20profit%20of%20%2475%20million%2C%20the%20first%20time%20it%20ended%20a%20year%20in%20the%20black%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2005%3A%3C%2Fstrong%3E%20Amazon%20Prime%20is%20introduced%2C%20its%20first-ever%20subscription%20service%20that%20offered%20US%20customers%20free%20two-day%20shipping%20for%20%2479%20a%20year%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2006%3A%3C%2Fstrong%3E%20Amazon%20Unbox%20is%20unveiled%2C%20the%20company's%20video%20service%20that%20would%20later%20morph%20into%20Amazon%20Instant%20Video%20and%2C%20ultimately%2C%20Amazon%20Video%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2007%3A%3C%2Fstrong%3E%20Amazon's%20first%20hardware%20product%2C%20the%20Kindle%20e-reader%2C%20is%20introduced%3B%20the%20Fire%20TV%20and%20Fire%20Phone%20would%20come%20in%202014.%20Grocery%20service%20Amazon%20Fresh%20is%20also%20started%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2009%3A%3C%2Fstrong%3E%20Amazon%20introduces%20Amazon%20Basics%2C%20its%20in-house%20label%20for%20a%20variety%20of%20products%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2010%3A%3C%2Fstrong%3E%20The%20foundations%20for%20Amazon%20Studios%20were%20laid.%20Its%20first%20original%20streaming%20content%20debuted%20in%202013%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2011%3A%3C%2Fstrong%3E%20The%20Amazon%20Appstore%20for%20Google's%20Android%20is%20launched.%20It%20is%20still%20unavailable%20on%20Apple's%20iOS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2014%3A%3C%2Fstrong%3E%20The%20Amazon%20Echo%20is%20launched%2C%20a%20speaker%20that%20acts%20as%20a%20personal%20digital%20assistant%20powered%20by%20Alexa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2017%3A%3C%2Fstrong%3E%20Amazon%20acquires%20Whole%20Foods%20for%20%2413.7%20billion%2C%20its%20biggest%20acquisition%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2018%3A%3C%2Fstrong%3E%20Amazon's%20market%20cap%20briefly%20crosses%20the%20%241%20trillion%20mark%2C%20making%20it%2C%20at%20the%20time%2C%20only%20the%20third%20company%20to%20achieve%20that%20milestone%3C%2Fp%3E%0A
Bert van Marwijk factfile

Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder

Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia

Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

Updated: March 08, 2022, 8:22 AM