What would your reaction be to looking at a product label and seeing it bearing the logo stating it was "Proudly Made in the UAE"? The view of a meeting in Abu Dhabi this week of the Ministerial Council for Services was that such a logo would be a guarantee of quality, enhancing the country's reputation while bolstering local manufacturers.
There is a long history of countries using their reputations as a brand to help sales, so long as they are associated with high quality. Just consider the car sector where it wasn’t that long ago that Britain was the source of high-quality cars and Japanese products were seen as pale imitations. In turn Japanese reliability made it a go-to national brand for quality and South Korea was the wannabe competitor. Now Korean companies such as Kia make good, cheap and reliable cars but are under pressure from fast- improving manufacturers based in China.
The UAE is a natural fit for such a countrywide branding process, which would reap benefits on a series of levels. The most obvious beneficiary would be local manufacturers, who would be able to use the Proudly Made in the UAE logo to distinguish themselves as making a quality product. But it would also broaden the reputation of the country as a whole, which in too many cases is seen in restrictive terms as just being the home of oil and glitzy cities.
One sector has already achieved this. Emirates, which began operations in 1985, created the image of Gulf-based luxury airlines and that impression has been enhanced since the launch of Etihad Airways in 2003. Now that reputation is so well known that other carriers are complaining about unfair competition.
However the Proudly Made in the UAE initiative also requires oversight to ensure standards remain high and the brand retains its guarantee of the best quality. A specific logo to go with the slogan would ensure consumers know that the product has been properly vetted. But with care, seeing the logo will boost sales – and fill those of us in the UAE with pride about homegrown products.
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
TWISTERS
Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
Rating: 2.5/5
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Andor
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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.
Sweet%20Tooth
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GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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UAE currency: the story behind the money in your pockets