The Middle East’s young demographic composition grew up with the internet and is enthusiastic for digital products. Abedin Taherkenareh / EPA
The Middle East’s young demographic composition grew up with the internet and is enthusiastic for digital products. Abedin Taherkenareh / EPA
The Middle East’s young demographic composition grew up with the internet and is enthusiastic for digital products. Abedin Taherkenareh / EPA
The Middle East’s young demographic composition grew up with the internet and is enthusiastic for digital products. Abedin Taherkenareh / EPA

Interactive strategy pushes the button


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Digital natives — people who have grown up with the internet and have known only the digital era — now form the largest target audience for most businesses. As a result, the most far-sighted companies will develop products and services with the specific needs and wants of digital natives in mind, not least their tendency to buy lifestyles, not just products. To accomplish this mission, these companies will need to adopt a human-centred design (HCD) approach which places these users at the very heart of its philosophy.

In the Middle East, the outlook is promising because of its large young demographic. Some 40 per cent of the population is under 40 years old, making them a generation that has grown up with the internet and is enthusiastic for digital products, particularly from the Middle East.

The human-centred approach has four principal attributes.

First, it is intuitive. It is a long time since the average digital native studied a user manual. Products need to be easy to use straight out of the box. Apple is one company which has mastered this art. People do not need manuals to use its products. The objective for any company seeking to emulate Apple’s success is to bridge the gap between what users already know, and what they need to know to operate the product.

Second, HCD should be focused. Users are looking for products that serve a very specific purpose. Bundling services is no longer the way forward. The history of Instagram offers an example. Before it became the phenomenon it is today, its functionalities were embedded within a much broader application called Burbn, which facilitated socialising and taking pictures. Burbn’s low adoption rates and user research led its co-founders to turn it into Instagram, the focused photo app that sold for US$1 billion less than two years later.

Third, HCD should be consistent with the technology experience already familiar to users. Digital natives have set ideas about how apps should behave and what websites should look like. Departing too far from established precedents may therefore alienate users. Facebook understood the importance of adapting to established practices by integrating tagging, hashtags and lists into its functionalities after Twitter’s popularity had made them mainstream.

Fourth, HCD should eventually lead to products that are delightful, involving instant gratification for users. Products should resonate with users, invoking a positive emotional response, exciting them at every touch point. Take, for example, US-based Polar, a social polling app. Luke Wroblewski, Polar’s CEO and co-founder, infused the app with small touches that made the process of collecting and sharing opinion fun, such as having the company’s polar bear mascot dangle from the top of the mobile screen.

Players in the region are following suit and have started differentiating themselves and integrating HCD design attributes into their offerings. CityGuard, an app that allows Abu Dhabi residents to report incidents, is easy to use: capture, report, follow up. Marka VIP, a shopping portal app with an elegant user interface and seamless user experience, provides access to designer brands at discounted prices. With offices in Beirut and Dubai, Anghami, which allows users to find music, get recommendations, build a library and share songs through social media, is providing more than just a service. The effort to create a fun experience has given Anghami a large user base that promotes and recommends it.

To develop products and services through HCD, companies will require an adjusted work process that is highly attentive to user needs. This process must be fast-moving, open-minded and flexible. It should always maintain its focus on generating energy, excitement and emotional response from users.

Companies should engage users throughout this entire process by observing them in real-life settings. They should test ideas and designs with them. Making use of existing quantitative data is a good way to start understanding the user base.

The resulting research should then enable companies to devise personas which represent the user types that the product is likely to attract. To ensure that user needs remain central to the process, assumptions and new ideas can then be tested against these personas.

Low-fidelity prototypes allow this testing process to get started quickly. These prototypes are simple and incomplete, but sufficient to elicit an initial response to broad concepts. Once this minimum viable product is launched, companies should continue to test and iterate in rapid succession.

User testing insights can then be incorporated into the prototype, ensuring that the design process never veers off track. If the product design is not working, companies should face reality and start again. But they should never lose sight of the need for the product to forge an emotional connection with the user.

HCD is an essential feature of any digital strategy. It entails a new approach, recasting the existing digital culture. If successful, HCD has the potential to provide a company with a following of loyal and happy users who preach the value of its services to everybody they know. If the burgeoning Middle East tech sector is to supply the digital products the region demands, it will need to ensure those products understand what it means to be human.

The authors are Samer Bohsali, partner, Abdulkader Lamaa, principal, and Krystal Kougioumtzi, user experience designer, at Strategy& (formerly Booz & Company)

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THE SPECS

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Transmission: eight-speed automatic

Power: 626bhp

Torque: 900Nm

Price: Dh1,050,000

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%3Cp%3EThe%20Department%20of%20Culture%20and%20Tourism%20-%20Abu%20Dhabi%E2%80%99s%20Arabic%20Language%20Centre%20will%20mark%20International%20Women%E2%80%99s%20Day%20at%20the%20Bologna%20Children's%20Book%20Fair%20with%20the%20Abu%20Dhabi%20Translation%20Conference.%20Prolific%20Emirati%20author%20Noora%20Al%20Shammari%2C%20who%20has%20written%20eight%20books%20that%20%20feature%20in%20the%20Ministry%20of%20Education's%20curriculum%2C%20will%20appear%20in%20a%20session%20on%20Wednesday%20to%20discuss%20the%20challenges%20women%20face%20in%20getting%20their%20works%20translated.%3C%2Fp%3E%0A
J%20Street%20Polling%20Results
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French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

Votes

Total votes: 1.8 million

Ashraf Ghani: 923,592 votes

Abdullah Abdullah: 720,841 votes 

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

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

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

if you go

The flights

Etihad and Emirates fly direct from the UAE to Seoul from Dh3,775 return, including taxes

The package

Ski Safari offers a seven-night ski package to Korea, including five nights at the Dragon Valley Hotel in Yongpyong and two nights at Seoul CenterMark hotel, from £720 (Dh3,488) per person, including transfers, based on two travelling in January

The info

Visit www.gokorea.co.uk

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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.”

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

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Price: Dh133,900

On sale: now 

COMPANY PROFILE

Name: Grubtech

Founders: Mohamed Al Fayed and Mohammed Hammedi

Launched: October 2019

Employees: 50

Financing stage: Seed round (raised $2 million)

 

Europa League group stage draw

Group A: Villarreal, Maccabi Tel Aviv, Astana, Slavia Prague.
Group B: Dynamo Kiev, Young Boys, Partizan Belgrade, Skenderbeu.
Group C: Sporting Braga, Ludogorets, Hoffenheim, Istanbul Basaksehir.
Group D: AC Milan, Austria Vienna , Rijeka, AEK Athens.
Group E: Lyon, Everton, Atalanta, Apollon Limassol.
Group F: FC Copenhagen, Lokomotiv Moscow, Sheriff Tiraspol, FC Zlin.
Group G: Vitoria Plzen, Steaua Bucarest, Hapoel Beer-Sheva, FC Lugano.
Group H: Arsenal, BATE Borisov, Cologne, Red Star Belgrade.
Group I: Salzburg, Marseille, Vitoria Guimaraes, Konyaspor.
Group J: Athletic Bilbao, Hertha Berlin, Zorya Luhansk, Ostersund.
Group K: Lazio, Nice, Zulte Waregem, Vitesse Arnhem.
Group L: Zenit St Petersburg, Real Sociedad, Rosenborg, Vardar

MATCH INFO

Manchester United 2
(Martial 30', McTominay 90 6')

Manchester City 0

NYBL PROFILE

Company name: Nybl 

Date started: November 2018

Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono

Based: Dubai, UAE

Sector: Software Technology / Artificial Intelligence

Initial investment: $500,000

Funding round: Series B (raising $5m)

Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up