Let’s say you happen to be looking for a roommate in London. You’re in luck – Ruumi, a new UK-based start-up, will help you to find one through an Airbnb-like crowd-sourcing website.
Or what if you want to simply “review” other people the same way you might review a restaurant? Then there’s Peeple. Or rather there might have been Peeple. The Canadian woman who was looking to launch the app looks to have axed it in response to the backlash – from people – it generated.
What’s perhaps most notable about the two ideas _ both of which made headlines recently – is not the services they seek to deliver, but rather their names. They stand out, and not for good reasons.
Websites, apps and online services are increasingly adopting strange names, or strangely spelled names, and it’s unfortunate for those who would like to see the sanctity of the English language and the spelling of its words preserved.
Whether it’s Ruumi or Peeple, or Lyft, Shyp, or even Flickr, Tumblr and Nuzzel – or closer to home, the UAE’s Guiddoo or Egypt’s Kngine – technology companies are butchering the language. Even Google, started in 1998, when the web was young, is a misspelling of the word “googol”, or the number one followed by a hundred zeros.
Even worse are companies that are making up entirely new, bizarre words for their names. Kaggle, Zynga, Choozle, Foodler, Shodogg, Bawte, Mibblio … the list goes on.
Compare that with the relentlessly mundanity of the names of the biggest American companies a half-century ago: General Motors, Armour, International Paper, and American Can.
This is not the modern companies’ fault. Aside from the age-old challenge of trying to think up a catchy name and brand, start-ups today face the additional 21st-century problem of having to come up with something that isn’t already taken online. And that’s a near impossibility with the amount of cyber-squatting going on.
Here’s a fun exercise: Think up 10 names for a new business and then look them up to see if the domain names are available. Chances are, they aren’t.
Here’s another fun one: Take a week and think up 10 more, then look them up. Once again, those names are more than likely to be taken, probably by someone who spends all their time thinking up word combinations and registering them. They’ll gladly sell you the domain name you really want, for a handsome price.
Stories abound about companies paying a lot of money for domain names. The US chain Toys R Us paid US$5.1 million for toys.com in 2009 and Apple paid $6m for iCloud.com in 2011, both of which pale compared to the $35.6m paid by the California-based marketing company QuinStreet in 2010 for insurance.com.
Many jurisdictions have rules against cybersquatting, or profiting from someone else’s trademark by purposely registering domains that another company may want or need. But that doesn’t really apply in cases where someone has simply thought of a potential business name first.
It’s here that this becomes more than just a pedantic complaint about spelling. It’s also a real problem for start-ups. Many don’t have the time to think up names for their businesses and products that still vaguely fall within the realm of English, or the money to pay marketing agencies to solve the issue for them.
It’s a problem that plagues even the most successful ventures. Twitter, when it started in 2006, called itself Twttr. The company was able to buy back the vowels and thus its full domain name from cyber squatters only after it got some traction in the marketplace.
Some efforts to fix the issue have arisen. The Internet Corporation for Assigned Names and Numbers, the California-based organisation in charge of managing domains, routinely approves and releases new extensions, but it’s not an elegant solution. Nobody really wants a dot-io, dot-airforce or dot-blackfriday as part of their website name.
Regional and country-specific domain extensions – say dot-ae, dot-jo and dot-ye for the United Arab Emirates, Jordan and Yemen, respectively – are considerably more available, but they can be off-putting to people in other countries. Companies seeking to do business globally are under inescapable pressure to get a dot-com name.
E-commerce enablers such as Shopify also offer tools that generate business names for you. Simply type in a word you want to include and voila, you get a list of available domain names that include it. It’s a functional option, but again, it’s not elegant or creative.
You might be better off spending your time thinking of how you can mangle vowels or drop letters to get the name you really want, much to the dismay of the English language.
Peter Nowak is a veteran technology writer and the author of Humans 3.0: The Upgrading of the Species.
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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.”
The winners
Fiction
- ‘Amreekiya’ by Lena Mahmoud
- ‘As Good As True’ by Cheryl Reid
The Evelyn Shakir Non-Fiction Award
- ‘Syrian and Lebanese Patricios in Sao Paulo’ by Oswaldo Truzzi; translated by Ramon J Stern
- ‘The Sound of Listening’ by Philip Metres
The George Ellenbogen Poetry Award
- ‘Footnotes in the Order of Disappearance’ by Fady Joudah
Children/Young Adult
- ‘I’ve Loved You Since Forever’ by Hoda Kotb
6 UNDERGROUND
Director: Michael Bay
Stars: Ryan Reynolds, Adria Arjona, Dave Franco
2.5 / 5 stars
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
MATCH INFO
Tottenham 4 (Alli 51', Kane 50', 77'. Aurier 73')
Olympiakos 2 (El-Arabi 06', Semedo')
UAE currency: the story behind the money in your pockets
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
The Ashes
Results
First Test, Brisbane: Australia won by 10 wickets
Second Test, Adelaide: Australia won by 120 runs
Third Test, Perth: Australia won by an innings and 41 runs
Fourth Test: Melbourne: Drawn
Fifth Test: Australia won by an innings and 123 runs
Defence review at a glance
• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”
• Prioritise a shift towards working with AI and autonomous systems
• Invest in the resilience of military space systems.
• Number of active reserves should be increased by 20%
• More F-35 fighter jets required in the next decade
• New “hybrid Navy” with AUKUS submarines and autonomous vessels
Pots for the Asian Qualifiers
Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka
Semi-final fixtures
Portugal v Chile, 7pm, today
Germany v Mexico, 7pm, tomorrow
Essentials
The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
More from Armen Sarkissian
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Women & Power: A Manifesto
Mary Beard
Profile Books and London Review of Books