Ever since audio-visual media was first produced for our entertainment back in the late-19th century, the race has always been on to improve its quality. We've seen countless innovations, from the arrival of glorious stereo sound to the mind-blowing switch from black and white to colour, but the aim has always been to make it seem more "real", to narrow the gap between our experience of watching the screen and our experience of the world around us.
One of the more recent improvements to be marketed to us has been 4K, or Ultra HD, two terms that have become interchangeable and mean roughly the same thing: extremely high-resolution video that's roughly 4,000 pixels across. The format has been touted for a while; back in 2015, Panasonic and LG were marketing screens by telling us that 4K "will change the way we watch television". Thus far it has done no such thing, but that might be set to change.
In the past week, Apple, Amazon and Google have cut the price of 4K films on iTunes, Amazon Video and Google Play respectively, in the hope we will finally buy (and use) their associated 4K hardware, ie. 4K Apple TVs, Amazon Fires and Chromecast Ultras. Oh, and not forgetting a 4K television to actually watch them on.
Yes, having the full 4K experience in a domestic setting involves a big outlay for consumers, even if the price of the videos themselves has fallen. The question that those consumers have been asking – and it's a good one – is how much improvement they will end up with once they've spent that money.
The jump from "normal" television to HD was sufficiently noticeable to prompt millions of people to upgrade, but 4K pushes the boundaries of what humans can actually perceive. These new television sets, with their 3,840 x 2,160 pixels, may well have four-times the 1,920 x 1,080 pixels of an HD television, but in practice we're likely not to be able to tell the difference between them.
Optical experts tell us that a person with 20/20 vision can resolve 60 pixels per degree of vision. An analogy: if you step further and further away from a bowl of sugar, you'll become unable to see the individual grains. For us to appreciate the extra pixels that 4K offers, we'd either have to sit much closer to the television, or our screens would have to be obscenely large (around 2.5 metres on the diagonal if we're sitting two metres away). These solutions would significantly disrupt living spaces; we'd either have to rearrange the room or have our lives dominated by a screen that's even bigger than the people who are watching it. This poses a dilemma for manufacturers; they've become used to successfully coaxing us into upgrading on the promise of better quality (even if we show initial resistance), but what happens when we no longer believe them and start to wonder if we're being sold 'the Emperor's new clothes'?
Historically speaking, we have tended to buy their arguments, even if the claims have been on shaky ground. Few people, under normal listening conditions, could discern between a high-quality MP3 and its uncompressed equivalent, but if we're told that we've been emotionally short-changing ourselves by listening to MP3s, there will always be people who obediently jettison their old media and pay for the upgrade. We've snapped up cables with gold-plated connectors or gently curved TV screens, convincing ourselves that there's a noticeable improvement, even if science tells us we won't necessarily be able to see or hear it. But the claims being made for 4K look particularly hollow when you discover that most films are currently mastered in 2K and are merely scaled up for the new format.
The irony is that, away from the fuss surrounding the superficially-impressive pixel counts and screens that are too big to carry up a flight of stairs, a more significant technological improvement has been made more quietly. In a list drawn up by a team of video display consultants of the most important aspects of picture quality, the number of pixels (the 4K question, if you like) comes last. Matters relating to colour, such as contrast and saturation, are deemed far more important – and that's where we're seeing real, noticeable improvement on newer televisions, thanks to a technology called HDR, or High Dynamic Range (this is different to the HDR you'll encounter in the world of photography – it just happens to have the same name).
Simply put, HDR pumps up the luminance of colours being displayed on a screen, making dark colours look richer and light colours much brighter. There are three competing standards battling for supremacy, but they all bring significant enhancements that, crucially, the human eye can see very easily. If any new 4K gear that you buy carries an "Ultra HD Premium" label, it's been certified to offer you the full HDR experience – provided, of course, that whatever film you're watching has had the HDR mastering treatment.
Given that the industry has produced a technology that makes a genuine improvement to our experience of moving pictures, why are content providers and hardware manufacturers pushing 4K rather than HDR as the next step for consumers to take?
The answer, perhaps unsurprisingly, is that big numbers sound impressive. For all HDR's ingenuity, it's not particularly easy to explain (as I just discovered) and you're unlikely to get a coherent description of its benefits from a salesperson in a store.
In terms of pixels, however, we can be given the oldest sales pitch in the book: you're getting more for your money. It's worth remembering, however, that numbers aren't everything. LG and Sharp have already been touting their new 8K screens at electronics shows, but in terms of human perception, the numbers have already gone as high as they can go. If you're looking for genuine improvement in your audio-visuals, the real innovation will be taking place underneath the bonnet.
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Zayed Sustainability Prize
The biog
Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
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MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
BANGLADESH SQUAD
Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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
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Engine: 3.5-litre V6
Transmission: eight-speed automatic
Power: 290hp
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Price: Dh155,800
On sale: now
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Slow loris biog
From: Lonely Loris is a Sunda slow loris, one of nine species of the animal native to Indonesia, Malaysia, Thailand and Singapore
Status: Critically endangered, and listed as vulnerable on the International Union for Conservation of Nature red list due to growing demand in the global exotic pet trade. It is one of the most popular primate species found at Indonesian pet markets
Likes: Sleeping, which they do for up to 18 hours a day. When they are awake, they like to eat fruit, insects, small birds and reptiles and some types of vegetation
Dislikes: Sunlight. Being a nocturnal animal, the slow loris wakes around sunset and is active throughout the night
Superpowers: His dangerous elbows. The slow loris’s doe eyes may make it look cute, but it is also deadly. The only known venomous primate, it hisses and clasps its paws and can produce a venom from its elbow that can cause anaphylactic shock and even death in humans
The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
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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.
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.”