Pre-orders for Samsung's newest Galaxy S22 series in the UAE have surged 64 per cent compared to its predecessor, with the Galaxy Note-like S22 Ultra commanding a sizeable share of demand, according to Samsung Gulf Electronics.
The Middle East unit of the South Korean tech conglomerate said the “very strong” response — particularly for S22 Ultra, which had an 80 per cent share of the pre-orders — signifies the continued demand for premium products in the region.
The figures come after Samsung Gulf said on February 24 that pre-orders for the GCC as a whole were up 46 per cent compared with the Galaxy S21.
“If you look at today's smartphone users, they don't look for something that does a lot; they want a smartphone that can do it all — everything at their fingertips,” Osman Albora, senior director of Samsung Gulf's mobile experience division, told The National at the UAE launch of the new devices.
“The integration of the S Pen in Galaxy S22 Ultra played well ... which means that there is a very strong demand for the high end of the portfolio.”
Seong Hyun Lee, president of Samsung Gulf Electronics, reiterated the company's commitment to the UAE and wider Middle East at the launch.
Samsung launched the Galaxy S22 series last month to much hype. The S22 Ultra became the first non-Note device to feature a built-in S Pen.
The Note, which debuted in 2011, revolutionised the way styluses were used on smartphones and further popularised the concept of the phablet — a portmanteau of phone and tablet. The first sign of its future's uncertainty was during the February 2021 launch of the Galaxy S21, which offered S Pen support.
Speculation of the Note's demise increased when S Pen support was announced for the Galaxy Z Fold 3, which was launched last August and, along with the Galaxy Flip 3, replaced the Note on Samsung's annual launch calendar.
Internet reports of the Note's death, however, are unfounded. While multiple outlets have used “discontinued” to describe the series' status, Mr Albora offered a different take.
“We always think about experiences. For us, the Note is an experience, which we have kept in the S22 portfolio,” he said.
The Galaxy S22 series is now available across the UAE and starts at Dh3,199 ($870).
Despite the company changing in strategic course, Samsung remains the world's top mobile phone vendor, with shipments up 7.6 per cent in 2021, according to a report this week from research firm Gartner. It maintained its top position with a 19 per cent market share, selling more than 272.3 million smartphones last year.
“We didn't observe or receive any comments from our end-users [after no Note device was launched last August], but we know there is a segment of users that need the Note experience, which we are now providing them in the S22 Ultra,” said Mr Albora, who claimed Samsung had a 42 per cent market share in the UAE smartphone market in 2021.
The improved cameras in the S22 series are also part of Samsung's efforts to tap into mobile content, particularly video. Almost 80 per cent of monthly global mobile data traffic — 61 exabytes out of 77 exabytes — will be video, according to a recent study from network gear maker Cisco. An exabyte is one billion gigabytes.
Samsung has also managed to withstand the supply chain shocks that have rattled the semiconductor industry and caused a delay in product launches.
“It's felt everywhere, even beyond the tech industry. We have done our role of mitigating that impact, including our supply chain partners, and we have done it well so far,” Mr Albora said.
He did not go into specifics on what Samsung — a top global chip maker — is doing to deal with the shortage, but the company “continues to take all the actions globally to mitigate the impact and so that we can really cater to the demand of end users, and that demand is significant".
Samsung, based and listed in Seoul and which has a market capitalisation of almost 466.62 trillion won ($370 billion) as of Wednesday, is slated to report its fiscal first-quarter financial results next month.
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
RESULTS
Welterweight
Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)
(Unanimous points decision)
Catchweight 75kg
Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)
(Second round knockout)
Flyweight (female)
Manon Fiorot (FRA) beat Corinne Laframboise (CAN)
(RSC in third round)
Featherweight
Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki
(Disqualification)
Lightweight
Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)
(Unanimous points)
Featherweight
Yousef Al Housani (UAE) beat Mohamed Fargan (IND)
(TKO first round)
Catchweight 69kg
Jung Han-gook (KOR) beat Max Lima (BRA)
(First round submission by foot-lock)
Catchweight 71kg
Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)
(TKO round 1).
Featherweight title (5 rounds)
Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
(TKO round 1).
Lightweight title (5 rounds)
Bruno Machado (BRA) beat Mike Santiago (USA)
(RSC round 2).
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.”
Russia's Muslim Heartlands
Dominic Rubin, Oxford
The Comeback: Elvis And The Story Of The 68 Special
Simon Goddard
Omnibus Press
The%20Iron%20Claw
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Sean%20Durkin%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Zac%20Efron%2C%20Jeremy%20Allen%20White%2C%20Harris%20Dickinson%2C%20Maura%20Tierney%2C%20Holt%20McCallany%2C%20Lily%20James%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Killing of Qassem Suleimani
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
'Falling%20for%20Christmas'
%3Cp%3EDirector%3A%20Janeen%20Damian%3Cbr%3E%3Cbr%3EStars%3A%20Lindsay%20Lohan%2C%20Chord%20Overstreet%2C%20Jack%20Wagner%2C%20Aliana%20Lohan%3Cbr%3E%3Cbr%3ERating%3A%201%2F5%3C%2Fp%3E%0A