Barcelona // In the end, we all fell under the spell of the Snake charmer.
The Mobile World Congress is where the industry comes to get a first look at the latest smartphone innovations, discuss the future of the mobile ecosystem, and ponder the practical implications for our everyday lives as the world around us gets ever more connected.
This year, however, the big story was the Nokia 3310, resurrected from the technological dark ages – aka, the year 2000. Designed to largely disconnect its owner from the outside world, it’s a “feature” phone with few features beyond a classic retro design and a battery that never runs out.
Oh, and Snake, of course. Mobile reviewers rejoiced at the return of the game that delayed our essays and maimed our thumbs, choosing to overlook that (a) it’s not actually that good a game, and (b) those of us who love it have been able to play it for years on our smartphone via myriad app downloads.
Still, to complain about people going gaga over the Nokia 3310 is like moaning about why people watch cat videos, and misses a fundamental point about consumer technology: a powerful brand with emotional appeal will trump engineering prowess every single time. Nokia’s original genius in the 1990s was to transform the mobile phone – a barely functional brick-like communications device used by engineers and bankers – by way of a friendly user interface, fun design and a pixelated snake, changing the way humans interact forever.
By bringing back the 3310, HMD Global (the new owner of the Nokia brand) is reminding consumers of an era when mobile technology truly became personal for the first time. It’s hard to see nostalgia for such an era lasting that long, as even nostalgists like to WhatsApp or check their Facebook status, but HMD will have sold a fair number of devices by then. Set against such a nostalgic glow, the minor updates on display on the newest smartphones failed to catch the imagination, with just a few exceptions.
HMD’s other new handsets – the Nokia 3, 5 and 6 – at first glance offer little to differentiate them from dozens of other Android smartphones.
The BlackBerry KeyOne’s restored keyboard works well, but isn’t going to reverse the brand’s decline in popularity. Huawei’s P10 and P10+ are fine devices but offer limited improvements, while Sony’s Xperia XZ Premium with its 4K HDR display hardly set the world alight. That’s not to say there wasn’t cool innovation on display: the XZ Premium’s ability to record video at 960 frames per second drew gasps from even the most cynical journalists, as did Oppo’s new 5x optical zoom, coming soon to a smartphone near you.
Perhaps the best innovation, the one that customers actually want, came from LG. Its new G6 squeezes a beautiful 5.7-inch display into a bezel-free slim form factor, allowing you to comfortably tap out a message with one hand. Coupled with a smart design and two 13MP rear cameras, the G6 was the techie’s choice of smartphone from this year’s MWC, giving LG a much-needed winner after the failure of last year’s G5.
LG’s cause was boosted, at least temporarily, by the lack of smartphone offerings from its great South Korean rival. It’s hard to call Samsung’s launches at MWC a disappointment; its Galaxy Tab S3 and Galaxy Book tablets are fine devices that on first inspection are up there with Apple’s and Microsoft’s best.
But after Samsung’s VR flavoured launch last year of the Galaxy S7 and S7 Edge (still the world’s best smartphone), this year’s launch event, offering only a sneak peek of what presumably is the S8, could only come as a bit of a letdown.
The respite for LG and other manufacturers will prove short- lived however. Samsung has confirmed a smartphone launch in New York on March 29, with leaked images suggesting an even larger screen to that of the G6, while retaining an elegant and usable form factor.
Still, LG can take some satisfaction from the fact that it outshone its competitors at MWC, and has the best new smartphone in the world, at least for another four weeks until Samsung’s launch event.
Nokia nostalgists, meanwhile, will take comfort from the fact that the 3310s on display at MWC won’t need to be charged between now and then.
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Mobile World Congress coverage
■ Time is running out on smartwatch launches
■ Opinion: Nokia and BlackBerry should stay where they belong – in the past
■ BlackBerry KeyOne: Welcome return of the brand's trademark keyboard
■ Review: Well-loved Nokia 3310 phone returns as a modern classic
■ Sony launches Xperia XZ Premium – the world's first smartphone with 4K HDR screen
■ In pictures: The Mobile World Congress in Barcelona
■ Samsung reveals new tablets, confirms launch of Galaxy S8 phone on March 29
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jeverington@thenational.ae
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UAE currency: the story behind the money in your pockets
Series info
Test series schedule 1st Test, Abu Dhabi: Sri Lanka won by 21 runs; 2nd Test, Dubai: Play starts at 2pm, Friday-Tuesday
ODI series schedule 1st ODI, Dubai: October 13; 2nd ODI, Abu Dhabi: October 16; 3rd ODI, Abu Dhabi: October 18; 4th ODI, Sharjah: October 20; 5th ODI, Sharjah: October 23
T20 series schedule 1st T20, Abu Dhabi: October 26; 2nd T20, Abu Dhabi: October 27; 3rd T20, Lahore: October 29
Tickets Available at www.q-tickets.com
Stat Fourteen Fourteen of the past 15 Test matches in the UAE have been decided on the final day. Both of the previous two Tests at Dubai International Stadium have been settled in the last session. Pakistan won with less than an hour to go against West Indies last year. Against England in 2015, there were just three balls left.
Key battle - Azhar Ali v Rangana Herath Herath may not quite be as flash as Muttiah Muralitharan, his former spin-twin who ended his career by taking his 800th wicket with his final delivery in Tests. He still has a decent sense of an ending, though. He won the Abu Dhabi match for his side with 11 wickets, the last of which was his 400th in Tests. It was not the first time he has owned Pakistan, either. A quarter of all his Test victims have been Pakistani. If Pakistan are going to avoid a first ever series defeat in the UAE, Azhar, their senior batsman, needs to stand up and show the way to blunt Herath.
England's Ashes squad
Joe Root (captain), Moeen Ali, Jimmy Anderson, Jofra Archer, Jonny Bairstow, Stuart Broad, Rory Burns, Jos Buttler, Sam Curran, Joe Denly, Jason Roy, Ben Stokes, Olly Stone, Chris Woakes.
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Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Where to buy
Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com
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.”
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Bugatti Chiron Super Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,600hp
Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
Elvis
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Email sent to Uber team from chief executive Dara Khosrowshahi
From: Dara
To: Team@
Date: March 25, 2019 at 11:45pm PT
Subj: Accelerating in the Middle East
Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.
Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.
I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.
This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.
It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.
Uber on,
Dara
The Kites
Romain Gary
Penguin Modern Classics
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
WITHIN%20SAND
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RESULTS
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LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
How to help
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More on animal trafficking
The specs: 2017 Ford F-150 Raptor
Price, base / as tested Dh220,000 / Dh320,000
Engine 3.5L V6
Transmission 10-speed automatic
Power 421hp @ 6,000rpm
Torque 678Nm @ 3,750rpm
Fuel economy, combined 14.1L / 100km