Barbara Samardzich, who is a driving force of Ford in the region. Courtesy Ford
Barbara Samardzich, who is a driving force of Ford in the region. Courtesy Ford

A new dawn for Ford in the Middle East region



Barbara Samardzich has been chief operating officer for Ford in Europe for 10 months now and has been an intrinsic part of the auto giant since 1990, as what you might term an “engineering genius”. It’s people like Samardzich who have turned Ford around in the past 20 years, making its cars drive better than any of their rivals and upping their perceived quality levels to a point that would have seemed ludicrous just a decade ago. And she’s here, in Dubai, on her first visit to the region.

The reason for her visit? Ford is expanding in the Middle East and the company’s Dubai operation will be pivotal in brightening its future. It is, she says, a “brand-new business unit” and it’s being headed up by Jim Benintende, the president of Ford Middle East and Africa, who has spent the past few years in the region gearing up for this moment. Between them, they’re gunning for a greater customer base and market share, capitalising on recent successes.

“I’ve come to have a greater understanding,” says Samardzich, “of the regional pressures faced here, when it comes to how cars are expected to perform.” Obviously the UAE summer temperatures have been a bit of a surprise. “And one of the reasons I’m here is to do a ride and drive in some of the new products, such as the F-150, that we’ll be rolling out here over the next few months.”

The new business unit that she mentions was officially opened on January 1 this year. Benintende explains that, up until that point, there really hadn’t been a comprehensive approach to Ford’s operations in the Middle East and Africa region. “We can now put the proper focus on development for Ford here and, for the past seven months, I’ve been on a kind of roadshow throughout the region to explore the possibilities. I was based here from 1993 to 2006, so I do have a fair bit of history with the region, but not so much with Sub-Saharan Africa, which is, I ­believe, the final frontier for Ford as a company.”

Last year, he says, Ford sold approximately 85,000 vehicles in the region – that’s no mean feat, but the company is gunning for even bigger numbers for 2014. As with many companies, July was a record month for sales, with Ford shifting about 8,500 units in the Middle East and selling a further 10,000 in Africa – so it’s obvious that, while other markets are still struggling, this is a key region for one of the biggest players in the industry. “We’ve announced 25 new models up to 2016,” he adds, “and the new designs are really resonating with customers.”

In case you didn’t know, Ford’s figures here also include the Lincoln brand, and we can expect to see some fairly aggressive marketing of that American staple over the coming months as it finds its feet again in a market awash with cars and trucks from the likes of Chrysler and GM. But Ford’s and Lincoln’s designs are really what set them apart from their competitors, while their more global approach to marketing makes them more palatable to European customers.

“We developed a brand DNA for Ford,” says Samardzich. “What we wanted for steering metrics, ride and handling, braking, noise, vibration and harshness measures – and we tested out those metrics in each region we were going to compete in. Our feedback came in from customers and we refined everything to come up with that DNA. The new product, especially, we know will be welcomed by customers wherever they are in the world.”

Both agree that Dubai is a perfect business hub, but, I wonder, can they ever foresee a time when Ford’s cars are actually made right here in the UAE? Would it not make sense to build them in the country they’re distributed from? Neither will rule it out for the future, but it’s a case, they say, of one step at a time – improvements to customer service are, right now, paramount. However, it’s obvious that the UAE’s central location is something that could be further exploited when it comes to manufacturing. Perhaps passenger cars bearing the stamp “Made in the UAE” aren’t that far away after all.

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Thor: Love and Thunder

Director: Taika Waititi 

Stars: Chris Hemsworth, Natalie Portman, Christian Bale, Russell Crowe, Tessa Thompson, Taika Waititi

Rating: 4/5

Company profile

Name: Belong
Based: Dubai
Founders: Michael Askew and Matthew Gaziano
Sector: Technology
Total funding: $3.5 million from crowd funding and angel investors
Number of employees:
12

JOKE'S ON YOU

Google wasn't new to busting out April Fool's jokes: before the Gmail "prank", it tricked users with mind-reading MentalPlex responses and said well-fed pigeons were running its search engine operations .

In subsequent years, they announced home internet services through your toilet with its "patented GFlush system", made us believe the Moon's surface was made of cheese and unveiled a dating service in which they called founders Sergey Brin and Larry Page "Stanford PhD wannabes ".

But Gmail was all too real, purportedly inspired by one – a single – Google user complaining about the "poor quality of existing email services" and born "millions of M&Ms later".

Match info

Deccan Gladiators 87-8

Asif Khan 25, Dwayne Bravo 2-16

Maratha Arabians 89-2

Chadwick Walton 51 not out

Arabians won the final by eight wickets

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

Leap of Faith

Michael J Mazarr

Public Affairs

Dh67
 

RESULTS

3.30pm: Al Maktoum Challenge Round 3 – Group 1 (PA) $75,000 (Dirt) 2,000m
Winner: Jugurtha De Monlau, Pat Dobbs (jockey), Jean-Claude Pecout (trainer)

4.05pm: Dubai City Of Gold – Group 2 (TB) $250,000 (Turf) 2,410m
Winner: Global Storm, William Buick, Charlie Appleby

4.40pm: Burj Nahaar – Group 3 (TB) $250,000 (D) 1,600m
Winner: Discovery Island, James Doyle, Bhupat Seemar

5.15pm: Nad Al Sheba Turf Sprint – Group 3 (TB) $250,000 (T) 1,200m
Winner: Al Dasim, Mickael Barzalona, George Boughey

5.50pm: Al Bastakiya – Listed (TB) $170,000 (D) 1,900m
Winner: Go Soldier Go, Adrie de Vries, Fawzi Nass

6.25pm: Al Maktoum Challenge Round 3 – Group 1 (TB) $450,000 (D) 2,000m
Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass

7.10pm: Ras Al Khor – Conditions (TB) $300,000 (T) 1,400m
Winner: Al Suhail, William Buick, Charlie Appleby

7.45pm: Jebel Hatta – Group 1 (TB) $350,000 (T) 1,800m
Winner: Alfareeq, Dane O’Neill, Charlie Appleby

8.20pm: Mahab Al Shimaal – Group 3 (TB) $250,000 (D) 1,200m
Winner: Sound Money, Mickael Barzalona, Bhupat Seemar

UAE medallists at Asian Games 2023

Gold
Magomedomar Magomedomarov – Judo – Men’s +100kg
Khaled Al Shehi – Jiu-jitsu – Men’s -62kg
Faisal Al Ketbi – Jiu-jitsu – Men’s -85kg
Asma Al Hosani – Jiu-jitsu – Women’s -52kg
Shamma Al Kalbani – Jiu-jitsu – Women’s -63kg
Silver
Omar Al Marzooqi – Equestrian – Individual showjumping
Bishrelt Khorloodoi – Judo – Women’s -52kg
Khalid Al Blooshi – Jiu-jitsu – Men’s -62kg
Mohamed Al Suwaidi – Jiu-jitsu – Men’s -69kg
Balqees Abdulla – Jiu-jitsu – Women’s -48kg
Bronze
Hawraa Alajmi – Karate – Women’s kumite -50kg
Ahmed Al Mansoori – Cycling – Men’s omnium
Abdullah Al Marri – Equestrian – Individual showjumping
Team UAE – Equestrian – Team showjumping
Dzhafar Kostoev – Judo – Men’s -100kg
Narmandakh Bayanmunkh – Judo – Men’s -66kg
Grigorian Aram – Judo – Men’s -90kg
Mahdi Al Awlaqi – Jiu-jitsu – Men’s -77kg
Saeed Al Kubaisi – Jiu-jitsu – Men’s -85kg
Shamsa Al Ameri – Jiu-jitsu – Women’s -57kg

Bob Marley: One Love

Director: Reinaldo Marcus Green

Starring: Kingsley Ben-Adir, Lashana Lynch, James Norton

Rating: 2/5

SPECS: Polestar 3

Engine: Long-range dual motor with 400V battery
Power: 360kW / 483bhp
Torque: 840Nm
Transmission: Single-speed automatic
Max touring range: 628km
0-100km/h: 4.7sec
Top speed: 210kph
Price: From Dh360,000
On sale: September

Specs: 2024 McLaren Artura Spider

Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now

The specs

Engine: 6.5-litre V12 and three electric motors
Power: 1,015hp
Torque: 1,500Nm (estimate)
Transmission: Eight-speed dual-clutch auto
On sale: Early 2024
Price: From Dh2 million (estimate)

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

'Fantastic Beasts: The Secrets of Dumbledore'

Rating: 3/5

Directed by: David Yates

Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law

Sleep Well Beast
The National
4AD

65

Directors: Scott Beck, Bryan Woods

Stars: Adam Driver, Ariana Greenblatt, Chloe Coleman

Rating: 2/5

STAY, DAUGHTER

Author: Yasmin Azad

Publisher: Swift Press

Available: Now

Teams

Pakistan: Sarfraz Ahmed (captain), Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shanwari, Hasan Ali, Imad Wasim, Faheem Ashraf.

New Zealand: Kane Williamson (captain), Corey Anderson, Mark Chapman, Lockie Ferguson, Colin de Grandhomme, Adam Milne, Colin Munro, Ajaz Patel, Glenn Phillips, Seth Rance, Tim Seifert, Ish Sodhi, Tim Southee, Ross Taylor.

Civil War

Director: Alex Garland 

Starring: Kirsten Dunst, Cailee Spaeny, Wagner Moura, Nick Offerman

Rating: 4/5


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