• The dual camera feature on an iPhone 7 Plus is shown during an event to announce new Apple products. Marcio Jose Sanchez / AP Photo
    The dual camera feature on an iPhone 7 Plus is shown during an event to announce new Apple products. Marcio Jose Sanchez / AP Photo
  • Phil Schiller, Apple's senior vice president of worldwide marketing, talks about the features on the new iPhone 7 earphone options. Marcio Jose Sanchez / AP Photo
    Phil Schiller, Apple's senior vice president of worldwide marketing, talks about the features on the new iPhone 7 earphone options. Marcio Jose Sanchez / AP Photo
  • Apple CEO Tim Cook shows singer Sia an iPhone 7. Beck Diefenbach / Reuters
    Apple CEO Tim Cook shows singer Sia an iPhone 7. Beck Diefenbach / Reuters
  • 3rd: iPhone 7 with 2.3% market share. Beck Diefenbach / Reuters
    3rd: iPhone 7 with 2.3% market share. Beck Diefenbach / Reuters
  • Phil Schiller, senior vice president of Worldwide Marketing at Apple, discusses the iPhone 7. Beck Diefenbach / Reuters
    Phil Schiller, senior vice president of Worldwide Marketing at Apple, discusses the iPhone 7. Beck Diefenbach / Reuters
  • The new Apple AirPods are shown. Marcio Jose Sanchez / AP Photo
    The new Apple AirPods are shown. Marcio Jose Sanchez / AP Photo
  • Trevor Edwards, president of Nike Brand, discusses the Apple Watch with Nike+. Beck Diefenbach / Reuters
    Trevor Edwards, president of Nike Brand, discusses the Apple Watch with Nike+. Beck Diefenbach / Reuters
  • The new Apple AirPods are demonstrated. Marcio Jose Sanchez / AP Photo
    The new Apple AirPods are demonstrated. Marcio Jose Sanchez / AP Photo
  • Apple chief design officer Jonathan Ive speaks with actor Stephen Fry. Beck Diefenbach / Reuters
    Apple chief design officer Jonathan Ive speaks with actor Stephen Fry. Beck Diefenbach / Reuters

Apple iPhone 7 unveiled: All you need to know


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Apple needed to pull out a winner on Wednesday with the unveiling of the iPhone 7 and 7 Plus, following two consecutive quarters of falling iPhone sales, and a resurgent Samsung sweeping all before it with the Galaxy S7 range and the impressive (albeit occasionally exploding) Note 7.

The first impression from the company’s San Francisco launch event is that the company has done more than enough to keep the Apple faithful happy, especially with the larger iPhone 7 Plus.

In truth, Tim Cook had most of us tech journalists in the palm of his hand right from the moment he brought out Nintendo’s iconic game producer Shigeru Miyamoto to announce the launch of Super Mario Run, the legendary plumber’s first appearance on a smartphone, available on iPhones and iPads toward the end of the year.

But the new 4.9-inch iPhone 7 and 5.5-inch 7 Plus, while not offering a major design overhaul, boast an impressive range of upgrades across several functions, including their displays, audio quality, battery life, and, above all, cameras. And that’s before you get to the “bold” move to do away with the traditional headphone socket.

Design wise, the form factor of the new iPhone 7 range looks pretty similar to that of the 6 and 6S, with the absence of the white band below the camera lens on the rear the only apparent difference noticeable from screenshots.

The big change however comes with the new darker “jet black” shade, which comes in an all-new glossy finish. For those who aren’t fussed by such an effect (I mean, you’re going to put in a case anyway), it’s also available in a more standard matte black, along with silver, gold, and, of course, rose gold / pink.

But if the changes in design aren’t anything to write home about, Apple is to be commended for virtually every other change - both small tweaks and bold steps – that it has brought to the iPhone 7 and 7 Plus.

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iPhone 7 pre-orders in the UAE through du and Etisalat - click here

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Apple has brought in water and dust resistance, following Samsung’s lead with the Galaxy S7 and Note (not to mention Sony’s several years ago). The iPhone 7’s speakers are now stereo, and hopefully bring the iPhone in line with the brilliant audio of the iPad Pro and Macbook.

There’s also the Retina HD display that claims to be 25 per cent brighter than the 6S range, and the upgraded, touch sensitive home button.

Battery life has apparently also been improved, with Apple boasting of up to 40 hours of wireless audio streaming and 14 hours of Wi-Fi browsing for the 7, rising to 60 and 15 respectively for the 7 Plus.

Such upgrades are welcome, but arguably not particularly game changing in the overall scheme of things. The same cannot be said however for the upgrades to the camera and headphone systems.

The iPhone 7’s 12MP rear camera has a wider aperture, six-element lens, and a larger sensor; optical image stabilisation, previously confined the Plus range, now standard across all models. This all promises to boost camera performance across the board, especially in low light conditions, although it remains to be seen whether the impressive images on display in San Francisco can be replicated on the streets and malls of Abu Dhabi and Dubai.

More significant is the introduction on the iPhone 7 Plus of a second, telephoto lens (as already seen on the LG G5) with a 2x optical zoom, a relative rarity on a smartphone, as well as a 10x digital zoom.

Most impressive of all however is Depth, an upcoming feature on the 7 Plus, that works with both lenses in tandem to offer impressive depth of field control (allowing for pictures for sharply focussed subjects and blurred backgrounds) usually only seen on DSLR cameras.

It’s a feature that’s been tried by a handful of smartphones before, but one that appears, at first glance, significantly more intuitive and powerful on the iPhone 7 Plus. It’s just a shame that it’s not available on its smaller cousin as well

And so, finally, to the boldest / most controversial change of all, Apple’s decision to ditch the 3.5mm headphone jack. The iPhone 7 isn’t the first device to take this approach – the Oppo R5 did away with it last year – but it’s an unprecedented move for a high-end smartphone.

Apple claims the 3.5mm headphone connector is an old technology, and removing the jack makes the phone thinner (just 7.1 mm) and frees up space for other components. And for those who are still using traditional wired headphones, there’s an adaptor in the box for no extra charge.

Despite the inclusion of the adaptor, the lack of traditional headphone connector is going to put a lot of people off. But the shift towards wireless headphones has been well underway for some time across a number of price points, from Samsung’s free floating Icon X earbuds to the Bose’s superb QC35 headset.

Lest we forget, Apple has mercilessly cut back its connections and drives in the past, with most of them barely missed a few months later (when did you last use a DVD in your laptop?). The lack of headphones might be a pain in the short-term, but you get the feeling in the long term it will become an increasingly standard move.

Apple will begin taking pre-orders for the iPhone 7 and 7 Plus from September 9, with the handsets going on sale from September 16 in 28 countries, including the UAE.

The iPhone 7 will be available from Dh2,599 for the 32GB version (rising to a massive 256GB), while the 7 Plus is expected to retail from around Dh2,999.

Both will come pre-loaded with iOS 10, Apple’s newest operating system, which offers enhanced voice control following an upgrade to Siri, more advanced lockscreen options, and more controls for the connected home via Apple HomeKit.

As always, Apple’s bold claims for its new handsets need a little real world testing to be properly assessed. Will the iPhone 7 “Jet Black” finish turn out to be little more than a fingerprint magnet? Will the camera perform as well as those of the Samsung Galaxy S7 or LG G5? And will the headphones adaptor make things unnecessarily fiddly?

At the end of the day, I’m very eager to put the iPhone 7 through its paces. If its upgraded camera performs as promised, and if even half of Apple’s other boasts are proved correct, the company will once again have produced the premium smartphone by which all others are judged.

jeverington@thenational.ae

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Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

UAE currency: the story behind the money in your pockets

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

UAE currency: the story behind the money in your pockets
TOURNAMENT INFO

Women’s World Twenty20 Qualifier

Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November

UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi

England's lowest Test innings

- 45 v Australia in Sydney, January 28, 1887

- 46 v West Indies in Port of Spain, March 25, 1994

- 51 v West Indies in Kingston, February 4, 2009

- 52 v Australia at The Oval, August 14, 1948

- 53 v Australia at Lord's, July 16, 1888

- 58 v New Zealand in Auckland, March 22, 2018

Profile of MoneyFellows

Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund