When Samsung Electronics released the original Galaxy Z Fold in 2019, it wanted to change the game with a new design that combined the portability of a mobile phone with the flexibility of a tablet.
The South Korean tech giant followed that up in 2020 with the original Galaxy Z Flip, as it put more foldables into the hands of consumers.
Fast-forward to 2023 and we now have the Fold5 and Flip5, launched at the first-ever Unpacked event in Seoul. While not much has changed in terms of overall design, Samsung has made sure to provide upgrades that will stir interest.
Here are our first impressions on the Fold5 and Flip5.
How do the Galaxy Z Fold5 and Flip5 feel?
Save for some minor updates over the years, both devices basically haven't strayed away from their original forms.
A couple of key specs for both, their inner and cover displays, have maintained their sizes: the Fold5 still has a 7.6-inch inner screen and 6.2-inch cover screen.
One of the biggest things thrown against the Fold is that it is a large device. But context matters here: it's only large when it's unfolded. When it's folded, it's slimmer and shorter than iPhone's Pro Max models.
Granted, it is thicker, but it feels right in your hands. The Fold5 is now the lightest and slimmest in its series.
The Flip5, meanwhile, also retains its 6.7-inch inner screen, while its cover screen … more on that later.
When folded, it's so handy and pocketable that those old enough will recall those cool clamshell phones of several years past.
It's been widely suggested that the Flip was aimed at female users. Samsung has in the past marketed it towards that demographic – the original Flip was launched on Valentine's Day 2020 – but the lines have been blurred since then.
The Flip5 is a stylish device that has evolved to suit anyone's taste when you consider its capabilities, main screen size and convenience.
What's the biggest upgrade?
Arguably the most significant update is the new Flex Hinge, which closes the gap when the devices are folded, making them slimmer.
The gap in previous Samsung foldables allowed dust to creep in and gave them a somewhat awkward shape.
Fewer mechanisms in the Flex Hinge have also contributed to the devices' lighter build, Samsung said.
The Fold5 and Flip5 are powered by the Qualcomm Snapdragon 8+ Gen 2 chip, the same processor used in the Galaxy S23 series.
This is likely to give them a boost in power and battery life, as it did to Samsung's first flagship line-up earlier this year.
Their cameras basically stay put in terms of numbers, with some token upgrades including more artificial intelligence.
And circling back to a hanging statement earlier on the Flip5's screen: its outer screen has been significantly bumped up to 3.4 inches, which is nearly double its predecessor's.
That makes it more flexible as it shows more content and gives a bigger view when taking selfies, similar to what the Motorola Razr+ offers.
It is quite surprising Samsung didn't make this change as early as the Flip3. Google also beat them on the closed hinge which featured on the Pixel Fold launched in May.
Initial verdict
The Fold5 and Flip5 look very promising, albeit with only minor upgrades. The real test is when they are put into action.
There are also a lot more improvements that can be made to these devices. We don't know what Samsung is developing, but given this is the fifth Fold, we should expect some serious upgrades next time around.
In the meantime, we look forward to testing them.
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 nine articles of the 50-Year Charter
1. Dubai silk road
2. A geo-economic map for Dubai
3. First virtual commercial city
4. A central education file for every citizen
5. A doctor to every citizen
6. Free economic and creative zones in universities
7. Self-sufficiency in Dubai homes
8. Co-operative companies in various sectors
9: Annual growth in philanthropy
The biog
Profession: Senior sports presenter and producer
Marital status: Single
Favourite book: Al Nabi by Jibran Khalil Jibran
Favourite food: Italian and Lebanese food
Favourite football player: Cristiano Ronaldo
Languages: Arabic, French, English, Portuguese and some Spanish
Website: www.liliane-tannoury.com
SPECS
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MATCH INFO
Scotland 59 (Tries: Hastings (2), G Horne (3), Turner, Seymour, Barclay, Kinghorn, McInally; Cons: Hastings 8)
Russia 0
The%20specs
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Company Profile
Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
NEW%20UTILITY%20POLICY%3A%20WHAT%20DOES%20IT%20REGULATE%3F
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Crime%20Wave
%3Cp%3EHeavyweight%20boxer%20Fury%20revealed%20on%20Sunday%20his%20cousin%20had%20been%20%E2%80%9Cstabbed%20in%20the%20neck%E2%80%9D%20and%20called%20on%20the%20courts%20to%20address%20the%20wave%20of%20more%20sentencing%20of%20offenders.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ERico%20Burton%2C%2031%2C%20was%20found%20with%20stab%20wounds%20at%20around%203am%20on%20Sunday%20in%20Goose%20Green%2C%20Altrincham%20and%20subsequently%20died%20of%20his%20injuries.%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%E2%80%9CMy%20cousin%20was%20murdered%20last%20night%2C%20stabbed%20in%20the%20neck%20this%20is%20becoming%20ridiculous%20%E2%80%A6%20idiots%20carry%20knives.%20This%20needs%20to%20stop%2C%E2%80%9D%0D%20Fury%20said.%20%E2%80%9CAsap%2C%20UK%20government%20needs%20to%20bring%20higher%20sentencing%20for%20knife%20crime%2C%20it%E2%80%99s%20a%20pandemic%20%26amp%3B%20you%20don%E2%80%99t%20know%20how%20bad%20it%20is%20until%20%5Bit%E2%80%99s%5D%201%20of%20your%20own!%3C%2Fp%3E%0A
Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar