Apple – one of the world’s most valuable public companies – is poised to host its first product launch event of the year on March 8, when it is expected to introduce several keenly-awaited devices.
The company, based in Cupertino, California, is likely to release the next-generation version of one of its cheapest smartphones, the iPhone SE, as well as redesigned tablets and laptops through its virtual "peak performance" event.
Market chatter and Apple enthusiasts believe the performance of new devices has been improved, with better chips and processors. Apple does not confirm upcoming product names ahead of its events.
The event, to be held at the Steve Jobs Theatre on the Apple Park campus in California, will be live streamed on the company’s website because of the Covid-19 pandemic.
In September, Apple launched its new iPhone 13 series, Apple Watch 7 and new iPads.
Apple's annual Worldwide Developers Conference, where developers can attend sessions and meet its engineers is likely to be held in June, as it was last year. The event has been a launchpad for software updates for the iPhone, iPad, Mac and Apple Watch.
Here is a rundown on what to expect this Tuesday based on market chatter and leaks.
Next generation iPhone SE
Apple is expected to launch its lowest cost 5G smartphone, the iPhone SE 3, that will come with improved battery life, faster processors and better cameras.
This move could help the company to attract budget-conscious buyers as it tries to wrestle market share from rivals Samsung and Xiaomi.
The new phone will be the third-generation iPhone SE. The first model was launched in 2016 with a starting price of Dh1,466 ($399), but was discontinued in September 2018. The second model was introduced in April 2020 at Dh1,699 ($463) and is one of Appel's biggest-selling products.
The iPhone SE 3 will have the same design as its predecessor, according to industry experts. The current model comes in an iPhone 8 body with iPhone 11 Pro processing power. The company is expected to use its own A15 bionic chips that are currently used in the iPhone 13.
To attract a larger pool of budget-conscious consumers, Apple is expected to keep the price of the new phone at $399, lower than its cheapest 5G smartphone, the iPhone 12 Mini, which starts at $599.
It will be the company's most affordable 5G iPhone, according to Apple analyst Ming-Chi Kuo, who closely follows the company. He expects the company to sell 25 million to 30 million units of the iPhone SE 3 this year.
Revamped iPads
Apple is likely to roll out the revamped iPad Air to attract more users. The new device will come with 5G connectivity and a faster chip to boost the overall performance of the device.
To ensure better video calls, the new tablet’s camera will support "centre stage" feature that ensures users are in the right frame even if they are walking or moving around in the room.
Apple is also planning to upgrade the iPad Pro with a new design and wireless charging support, according to Bloomberg.
New features and innovative technology are likely to be added to iPads because the tablet is the only product segment that experienced a decline in sales in the last quarter. iPad sales dropped about 14 per cent year on year to a little over $7.2 billion in the holiday quarter that ended on December 25.
New Macs
The market expects Apple to launch a higher-end version of the Mac mini to draw more professional users. It is likely to come with a new design and the company’s own M1 Pro and M1 Max chips that were launched in October and replace the Mac minis that use Intel chips.
The company is also expected to launch a revamped 13-inch MacBook Pro with the new M2 chip.
Unlocking iPhone with face masks on
Apple recently rolled out the fifth beta of its latest operating system iOS 15.4. The final update is likely to arrive on consumer devices on the event day or by mid-March. It will offer many new features, such as a Face ID facial recognition system that works with masks and can recognise unique features around the eye for verification.
Competitors such as Samsung are already offering users the option to use only an iris scan to unlock their devices and bypass masks.
Face ID allows users to unlock the iPhone, log in to supported apps and services and verify purchases on the App Store and other compatible platforms. The technology, using the iPhone's TrueDepth front camera, combines data from the user's eyes and other features.
How to watch the Apple event
The event will start at 10pm UAE time on Tuesday. Viewers can tune in at apple.com
It will also be streamed on YouTube and through the Apple TV application for the iPhone, iPad and Mac.
When can consumers buy the new Apple products?
Industry experts predict that consumers will be able to place orders for new Apple products from Friday, and expect deliveries by the end of this month.
However, they believe many of the company's products may not be announced until the end of this year. In January, Bloomberg reported that Apple may launch "the widest array of new hardware products in its history" later this year. The company usually launches its new iPhones and smartwatches in September every year.
AndhaDhun
Director: Sriram Raghavan
Producer: Matchbox Pictures, Viacom18
Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan
Rating: 3.5/5
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
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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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.”
Company profile
Company: Rent Your Wardrobe
Date started: May 2021
Founder: Mamta Arora
Based: Dubai
Sector: Clothes rental subscription
Stage: Bootstrapped, self-funded
Ammar 808:
Maghreb United
Sofyann Ben Youssef
Glitterbeat
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
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”.
Mohammed bin Zayed Majlis
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics
RESULT
Shabab Al Ahli Dubai 0 Al Ain 6
Al Ain: Caio (5', 73'), El Shahat (10'), Berg (65'), Khalil (83'), Al Ahbabi (90' 2)