The Toyota Corolla’s latest incarnation lacks the power and personality to be anything more than a lowest-common-denominator unit-shifter. Courtesy Toyota
The Toyota Corolla’s latest incarnation lacks the power and personality to be anything more than a lowest-common-denominator unit-shifter. Courtesy Toyota

Road test: 2014 Toyota Corolla



Do you have any idea what the world’s biggest-selling hairdryer is? No? OK, how about microwave oven, television or steam iron? Still struggling? Someone must know the answers to these questions, no matter how uninteresting they might be, but how about the world’s biggest-selling car? That’s easy: with sales of more than 40 million units since its inception 48 years ago, you’re looking right at it – the automotive equivalent of white goods.

It’s astonishing just how much excitement surrounds cars like the Toyota Corolla. I had always assumed they were bought by people who had no real interest in anything to do with cars; that buying one was akin to buying a fridge-freezer or a water dispenser. So long as it does the job, who cares? Right?

Wrong. The Corolla is evidently a car that people get very passionate about, entering heated online debates to champion against its perceived rivals from Japan and South Korea. But, as a fan of driving, I just don’t get it. So, during my few days with the “all-new” Corolla, I ask friends and family what they think of it.

Most give the exterior design a thumbs-up and, indeed, it’s a more grown-up-looking car than ever before. It looks like a Camry that’s been shrunk in the wash, and is quite smart, although Kia and Hyundai both operate with a design language that immediately makes it look old-fashioned. But it’s a step in the right direction, at least. And that continues with the interior, with a pleasing dashboard design that again emulates its bigger brother, although the materials are cheaper and hard, and the seats, on anything longer than a half-hour journey, reveal themselves as being far too firm on the posterior for driver and passengers alike.

Toyota is calling this an all-new car, but the truth of the matter is that underneath its bodywork is an old model in desperate need of modernisation. The gearbox is an old four-speed automatic, but it’s less grating on the nerves than those wretched CVTs, and the engines (1.4L and 2.0L four-pots) aren’t powerful enough to mix custard with. To get any forward movement whatsoever you need to get your foot flat on the floor and leave it there.

In so doing, you accidentally discover that the Corolla is pretty good at gluing itself to the road. Approaching a deserted roundabout in Dubai, carrying more speed than it should have been because of the fact that I was just trying to keep it moving, it lurched and leaned but refused to relinquish its grip on the dusty tarmac. On the straight-ahead, the steering is overly light and I find myself having to constantly make minor corrections, a bit like B A Baracus used to when driving his A-Team van.

That four-speed ’box makes for rather high revs when cruising, too, so there’s always a bit of a thrashing racket coming from up front at speeds over 100kph, and the wind-noise insulation could only be described as average.

So is it all bad? No, perhaps I’m being harsh, but I can’t, no matter how hard I try, shake off the impression that the Corolla is just some car. A nondescript method of getting from point A to point B without breaking down. And therein lies the secret of the model’s incredible success.

Toyotas are built to go on and on and on. Just look at the fleets of taxis that operate, not only throughout the UAE but the rest of the world. If they break down, their operators lose lots of money, so it’s a decent barometer of longevity to see where they spend their money. And the majority of taxis that I’ve spent seat time in since being here have been Toyotas.

Does their success at providing reliable public transportation, though, mean they’re a decent purchase for us as consumers? Obviously that depends on what you want out of a car and, personally, I can’t think of many things more soul destroying than having to drive one of these things every day. Like I said, I love driving. But if I had to, I’d be able to live with one provided that the journeys made in it were mercifully short.

The Corolla’s millions of adoring fans might read this and think “so what? It does what it says on the tin”. And they’d be right, because it’s white goods and it lives up to that premise. But coming from the world’s biggest car company, I was expecting more from it – a game-changer that offered a new, far better experience for the masses that will end up with one in their possession. If Toyota could just make it more youthful in its appearance (like the version that US buyers will get), make it more appealing to buyers who like a bit of tech and give it a bit more punch, then it could possibly be a really good car, rather than merely an adequate one.

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The rules of the road keeping cyclists safe

Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

Company profile

Company: Zywa
Started: 2021
Founders: Nuha Hashem and Alok Kumar
Based: UAE
Industry: FinTech
Funding size: $3m
Company valuation: $30m

The biog

Mission to Seafarers is one of the largest port-based welfare operators in the world.

It provided services to around 200 ports across 50 countries.

They also provide port chaplains to help them deliver professional welfare services.

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.”

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

MATCH INFO

Norwich City 0 Southampton 3 (Ings 49', Armstrong 54', Redmond 79')

COMPANY PROFILE:

Name: Envision
Started: 2017
Founders: Karthik Mahadevan and Karthik Kannan
Based: The Netherlands
Sector: Technology/Assistive Technology
Initial investment: $1.5 million
Current number of staff: 20
Investment stage: Seed
Investors: 4impact, ABN Amro, Impact Ventures and group of angels

The story in numbers

18

This is how many recognised sects Lebanon is home to, along with about four million citizens

450,000

More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps

1.5 million

There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m

73

The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association

18,000

The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme

77,400

The number of people believed to be affected by the current nationality law, according to the 2009 UN study

4,926

This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee

Engine: 80 kWh four-wheel-drive

Transmission: eight-speed automatic

Power: 402bhp

Torque: 760Nm

Price: From Dh280,000

The specS: 2018 Toyota Camry

Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

Common OCD symptoms and how they manifest

Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.

Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.

Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.

Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.

Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.

Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia

Grand Slam Los Angeles results

Men:
56kg – Jorge Nakamura
62kg – Joao Gabriel de Sousa
69kg – Gianni Grippo
77kg – Caio Soares
85kg – Manuel Ribamar
94kg – Gustavo Batista
110kg – Erberth Santos

Women:
49kg – Mayssa Bastos
55kg – Nathalie Ribeiro
62kg – Gabrielle McComb
70kg – Thamara Silva
90kg – Gabrieli Pessanha

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

The Lowdown

Kesari

Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra

 


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