A man takes pictures at a Windows 8 promotion in Tokyo. The system has been described as faster and more secure than its predecessors. Toru Hanai / Reuters
A man takes pictures at a Windows 8 promotion in Tokyo. The system has been described as faster and more secure than its predecessors. Toru Hanai / Reuters

Microsoft wins praise for Windows 8



Microsoft's new operating system, Windows 8, which has just been unveiled, is a hit with industry analysts.

"Windows 8 is designed to work across many form factors, from desktops and all-in-ones to ultrabooks and notebooks to hybrids and tablets … Windows 8 has many strengths. You can do everything with it that you can do on a PC," says Sarah Rotman Epps, a senior analyst at Forrester Research.

Tim Coulling, an analyst at the research company Canalys, says: "The killer app of Windows 8 for corporate users will be its ability to plug seamlessly into a Microsoft back-end. From an IT manager's perspective, Windows 8 will be easy to secure and manage."

"It is far faster and more secure than its predecessors," says Rob Enderle, the principal analyst at the Enderle Group.

Early users have so far been impressed with Windows 8's stylish new interface, which can be operated either via a traditional mouse or a touch-sensitive screen.

The traditional start button, at the bottom left corner of the desktop, is replaced by Microsoft's "Modern UI", where small windows or "live tiles" covering much of the screen keep the user constantly updated with notifications such as new emails and news, while providing a space to arrange and launch desktop applications.

"This is a more dynamic experience," says Mr Coulling. "The Modern UI provides a similar user experience to Windows Phone 8, which is expected to launch in November."

A scaled-down version of Windows 8, designed specifically for tablets, Windows RT, offers the "Modern UI" interface with limited support for traditional Microsoft applications other than Microsoft Office (excluding Outlook) and Internet Explorer.

An application called Smart Glass allows consumers to use their Windows 8 tablet as a control pad for the Microsoft Xbox 360 games console, also allowing them to transfer movies from the tablet to the console to watch them on the screen.

"The battle for the living room is on with companies like Samsung and Apple now doing battle. Microsoft already has a route to the TV with its Xbox games consoles and Windows 8 will enable linking between devices around the home in the way Microsoft has envisaged for some years," says Mr Coulling.

Additional Windows 8 features include Snap, Microsoft's new multitasking software. Among other things, this enables users to watch a movie while working.

"Live Tiles, Snap, and Smart Glass with the Xbox are all "wow" features of Windows 8", says Ms Rotman Epps.

Windows 8 will also offer tablet and smartphone users a wide choice of ready-made software applications from third-party developers, a key attraction of its rival Apple's operating system.

Although it will be possible for third-party software developers to create new applications that will work seamlessly across devices ranging from smartphones to PCs, it remains to be seen if Windows 8 will generate the same enthusiasm shown by the Apple and Google Android operating systems.

The sophisticated software needed to run Windows 8 across so many form factors may itself act as a barrier for some software developers.

"The downside is that this will add a level of complexity for third-party developers and any new operating system these days lives by the number of ready-made applications it can offer," says Mr Coulling.

He adds that Microsoft's target of attracting 100,000 applications in the first 90 days from launch is "ambitious".

Windows 8 is designed to appeal equally to consumers and businesses. The reason is that consumer innovations such as online video and a massive array of third-party applications are now setting the pace for the entire IT industry, including the business market, where Microsoft is strongest.

"The fact that senior executives and business users are also consumers underlies the importance of the number of apps an operating system can offer," says Mr Coulling. "If the equipment offered by the company appears inferior in any way to their personal IT choices, they experience dissatisfaction."

In an age where Microsoft's core PC market has been rapidly overtaken by tablets and smartphones, it is widely understood that the company is betting its future on Windows 8.

However, the future for Windows 8 is far from assured. In addition to the challenge of attracting third-party developers in sufficient numbers, Microsoft also has to stave off attacks from its rivals.

Only a few days before Microsoft's long-awaited unveiling of Window 8 on Friday, its long-term rival Apple, now the world's most valuable publicly traded company, fired a potentially crippling broadside. It introduced a new-generation iPad tablet computer for US$499 (Dh1,833), together with a smaller version, the iPad Mini ($329).

According to industry estimates, Apple already dominated the world tablet market with about 70 per cent of global shipments in the second quarter of this year.

But the jury is still out on whether Microsoft will succeed in winning market share from Apple.

"It's hard to know if they will catch up with iPad," says Ms Rotman Epps.

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

1,000 Books to Read Before You Die: A Life-Changing List
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COMPANY PROFILE

Name: Kinetic 7
Started: 2018
Founder: Rick Parish
Based: Abu Dhabi, UAE
Industry: Clean cooking
Funding: $10 million
Investors: Self-funded

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 2.5/5

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

Babumoshai Bandookbaaz

Director: Kushan Nandy

Starring: Nawazuddin Siddiqui, Bidita Bag, Jatin Goswami

Three stars

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

The specs

Engine: Single front-axle electric motor
Power: 218hp
Torque: 330Nm
Transmission: Single-speed automatic
Max touring range: 402km (claimed)
Price: From Dh215,000 (estimate)
On sale: September

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

RESULTS

5pm Maiden (PA) Dh80,000 (Turf) 1,600m

Winner Thabet Al Reef, Bernardo Pinheiro (jockey), Abdallah Al Hammadi (trainer)

5.30pm Handicap (PA) Dh80,000 (T) 1,600m

Winner Blue Diamond, Pat Cosgrave, Abdallah Al Hammadi

6pm Arabian Triple Crown Round-1 Listed (PA) Dh230,000 (T) 1,600m

Winner Hameem, Adrie de Vries, Abdallah Al Hammadi

6.30pm Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m

Winner Shoja’A Muscat, Szczepan Mazur, Ibrahim Al Hadhrami

7pm Maiden (PA) Dh80,000 (T) 1,200m

Winner Heros De Lagarde, Szczepan Mazur, Ibrahim Al Hadhrami

7.30pm Handicap (TB) Dh100,000 (T) 2,400m

Winner Good Tidings, Antonio Fresu, Musabah Al Muhairi

J Street Polling Results

97% of Jewish-Americans are concerned about the rise in anti-Semitism

76% of US Jewish voters believe Donald Trump and his allies in the Republican Party are responsible for a rise in anti-Semitism

74% of American Jews agreed that “Trump and the Maga movement are a threat to Jews in America"

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

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 Kingfisher Secret
Anonymous, Penguin Books

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

MATCH INFO:

Second Test

Pakistan v Australia, Tuesday-Saturday, 10am​​ daily​​​​​ at Zayed Cricket Stadium, Abu Dhabi

Entrance is free

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

About Krews

Founder: Ahmed Al Qubaisi

Based: Abu Dhabi

Founded: January 2019

Number of employees: 10

Sector: Technology/Social media 

Funding to date: Estimated $300,000 from Hub71 in-kind support

 

The specs

Engine: 2.0-litre four-cylinder turbo

Power: 178hp at 5,500rpm

Torque: 280Nm at 1,350-4,200rpm

Transmission: seven-speed dual-clutch auto

Price: from Dh209,000 

On sale: now

The specs: 2019 BMW i8 Roadster

Price, base: Dh708,750

Engine: 1.5L three-cylinder petrol, plus 11.6 kWh lithium-ion battery

Transmission: Six-speed automatic

Power: 374hp (total)

Torque: 570Nm (total)

Fuel economy, combined: 2.0L / 100km