Mercedes unleashes four electric vehicles in Munich


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Mercedes-Benz is marching towards an electric-only future from 2025 and it’s providing a preview of what’s in store via a four-pronged EV assault at the IAA Mobility show

The event opens to the public on Tuesday in Munich – in lieu of the exhibition’s former host city of Frankfurt.

The first sign of Merc’s concerted electric push was provided by the 2019 launch of the EQC, and soon to arrive in our market is the EQS that we recently reviewed from its international launch in Switzerland.

These are only the foundation blocks as Mercedes has a number of EVs up its sleeve, with four of these set to be revealed – either in production or concept form – at the Mobility Show on Tuesday.

Mercedes-Benz EQE

The EQE will be equipped with an MBUX Hyperscreen – an expansive glass display screen that sweeps across the dashboard
The EQE will be equipped with an MBUX Hyperscreen – an expansive glass display screen that sweeps across the dashboard

The EQE is underpinned by largely the same basic EV architecture as its EQS flagship sibling. However, its more compact dimensions (similar in scale to the Merc CLS) and shorter front and rear overhangs endow the EQE with a sportier stance and, no doubt, more agile driving characteristics.

The EQE 350 will be the first model on offer, serving up a touring range of up to 660 kilometres on a single charge, with a 15-minute zap at a fast-charging station adding 250km of range.

A single electric motor drives the rear axle in the EQE 350 (dual-motor 4Matic models will follow in due course), and this unit generates 292hp and 530Nm, which should deliver respectable performance, even with the weight penalty imposed by the battery pack.

A 3,120-millimetre wheelbase means there’s ample sprawling space in the rear seats, aided by the fact there’s no transmission/driveshaft tunnel, as would be the case in a combustion-powered rear-wheel-drive car.

As with the EQS, you get the option of Airmatic air suspension, plus the whizz-bang MBUX Hyperscreen – an expansive glass display screen that sweeps across the dashboard.

Mercedes-AMG EQS 53 4Matic+

The Mercedes-AMG EQS 53 4Matic+ thumps out 658hp and 950Nm, which can go up to 761hp with an AMG Dynamic Plus package
The Mercedes-AMG EQS 53 4Matic+ thumps out 658hp and 950Nm, which can go up to 761hp with an AMG Dynamic Plus package

Think AMG and you’re probably imagining a ground-quaking V8 exhaust note that wakes the neighbours from their slumber. Well, this is a new take on the theme as the EQS 53 is the first electrified offering from AMG and is, therefore, all but silent from the outside.

At the heart of the new EQS 53 4Matic+ is a dual-motor power train (one each for front and rear axles), with a fully variable AMG Performance 4Matic+ all-wheel-drive system optimally transmitting the drive power to the tarmac in all driving conditions.

The base model thumps out 658hp and 950Nm, while an optional AMG Dynamic Plus package ups the ante to a mind-numbing 761hp in Race Start mode with boost function. The maximum motor torque in this instance is then boosted to 1,020Nm.

Mercedes claims the EQS 53 4Matic+ with the Dynamic Plus package accelerates from 0 to 100 kilometres per hour in 3.4 seconds and can hit 250kph with a battery charge level of at least 80 per cent. Even the basic version is no slug as it scoots from 0-100kph in 3.8 seconds and can reach 220kph (as long as there’s 80 per cent battery charge).

Concept Mercedes-Maybach EQS

The Concept Mercedes-Maybach EQS has a two-tone paint finish in obsidian black metallic and zircon red metallic with a chrome pinstripe
The Concept Mercedes-Maybach EQS has a two-tone paint finish in obsidian black metallic and zircon red metallic with a chrome pinstripe

Maybach is Mercedes-Benz’s premium sub-brand, so it obviously cannot be left behind as the whole company moves towards electrification. Sure enough, the first clear preview of Maybach’s first fully electric series production model debuts at Munich, and it’s anything but subtle.

The SUV concept vehicle is based on a version of the modular architecture used by the EQS and EQE, but elevates the technology to an entirely different market segment as the Maybach sub-brand is pitched squarely against Rolls-Royce and Bentley. In line with its lofty market positioning, the interior fit-out is ultra-premium.

The visual differentiation between the Maybach and mainstream Mercedes models begins with the elaborate two-tone paint finish in obsidian black metallic and zircon red metallic, with a fine pinstripe in chrome as a visual dividing line.

There are lashings of chrome on the air intakes and diffuser at the front and rear, as well as the side window frames. The B-pillars are also chrome-plated and have been exclusively finished with a subtle brand emblem pattern. The Maybach “M” can also be found on the D-pillar.

The rear quarters are fittingly sumptuous, thanks to Executive seats and the Chauffeur Package. Also unique to the Maybach are bespoke door panels, the armrests of which are designed like high-quality sideboards. Trim elements inside are finished in white piano lacquer with materials in deep-sea blue, which are meant to recreate the ambience of an elegant yacht.

Mercedes-Benz Concept EQG

The Mercedes-Benz Concept EQG is a 'near-production' version of the Gelandewagen – better known as the G-Class, and will be an 'uncompromising off-roader'
The Mercedes-Benz Concept EQG is a 'near-production' version of the Gelandewagen – better known as the G-Class, and will be an 'uncompromising off-roader'

The Concept EQG is touted by Mercedes as a “near-production” version of the venerable Gelandewagen – better known as the G-Class. Although tech details are still sketchy at this stage, Merc claims the EQG will be an “uncompromising off-roader”, as it retains the rugged ladder-frame chassis of the existing combustion-powered G-Class.

It also retains independent suspension on the front axle and a rigid axle at the rear, although the whole lot is being re-engineered for the integration of electric drive.

The company says: “With four electric motors close to the wheels and individually controllable, the vehicle will offer unique driving characteristics both on and off-road.”

As with any bona fide 4x4, the Concept EQG's off-road reduction can be activated via a shiftable two-speed gearbox in order to meet the high “G”-specific off-road requirements with confidence.

In order to earn its stripes before going into production, the electrified G-Class will have to conquer the hallowed test track on the 1,445-metre high Schockl mountain in Graz, Austria, at the end of its development into a series model. Replete with gradients of up to 60 degrees, the 5.6km route is as gnarly as it gets.

UPI facts

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HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

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.”

What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
match info

Maratha Arabians 138-2

C Lynn 91*, A Lyth 20, B Laughlin 1-15

Team Abu Dhabi 114-3

L Wright 40*, L Malinga 0-13, M McClenaghan 1-17

Maratha Arabians won by 24 runs

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

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Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

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15 Lebanese teams

2 Kuwaiti teams

Updated: September 06, 2021, 10:43 AM