Pace of change foxes mapmaker


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ABU DHABI // The shape of the capital is changing so quickly, it is hard to believe that in the not-so-distant future you might be able to access a picture on your mobile phone, compare it with the landmark you are standing in front of, and know exactly where you are.

Representatives of Google, the internet search engine, are already working on the technology to bring Street View, available through the Google Maps application, to the UAE and the rest of the Middle East. But there are a number of hurdles to overcome, including how to intricately map still-in-flux growth centres such as Dubai and Abu Dhabi, where roads are being laid, old buildings torn down and new ones built with a frequency not seen in other parts of the world. There is also the issue of accessing the right mapping information, or having it available at all, something that can be harder to come by in this region.

Jessica Powell, the UK-based head of product public relations for Google in Europe, the Middle East and North Africa, experienced some of those issues first-hand this week while using her mobile's location feature. "I now appreciate it after I've been in Dubai for five days," she said. "Those are the kinds of things that would very much be a challenge. "If I really tried to find some of the little alleyways of Dubai, which is the case in many parts of the Middle East, and many parts of eastern Europe, the product isn't there yet."

Google launched Street View in May 2007 in five US centres, and has since expanded it to nine countries including Australia, France, Italy, Japan and most recently, 25 cities in the UK. The company's cars - distinctive with their Google logo and nine, roof-mounted cameras - have also been spotted at work in several cities in Canada. The process involves taking hundreds of thousands of 360° horizontal and 290° vertical photographs, which are then used to create a highly detailed, panoramic view of the street that can be accessed online through Google Earth and Google Maps.

Street View sparked controversy soon after it was launched and has continued to do so, mostly over privacy concerns and whether Google's system of automatically blurring out identifying features, including faces and vehicle licence plates, actually worked to protect people. This week, however, the UK's Information Commissioner's Office ruled that the service did not constitute a violation of personal privacy. The office compared Street View with televised football, arguing it would be unreasonable to expect a broadcaster to obtain the consent of every person in the crowd before the match in case their image was broadcast.

The entertainment value alone of Street View is considerable. Users can check out their own neighbourhoods or take a virtual walk through the streets of a city they have never seen. Would-be tourists can get the lay of the land and firm up their travel plans, checking out restaurant façades, attractions, even bus stops and street signs from afar. The photos can also help after they arrive, by providing important visual clues should they get lost.

There are many other challenges to providing more coverage, however. The photos need to be taken in the proper light and the drivers need to navigate the area in their vehicles. That may be why so much of more-accessible Australia - even some of the Outback - is available, while other areas are not, said Ms Powell. And before Google turns to Street View, the company will first concentrate on building up its supply of Google Maps throughout this part of the world.

There is information available on Google Maps for the UAE, and other countries in the region such as Egypt, as well as Arabic interfaces on some of the maps, said Joanne Kubba, Google's manager for the Middle East and North Africa, global communications and public affairs. "We're at the stage where we're working country by country to establish that," she said. For now, anyone who finds information while searching Google Maps in the UAE will probably be accessing it through another country's domain. Only when Google has reached a level of "basic functionality" will the company use a UAE domain name for its maps, and subsequently fill in detail with the Street View option. Ms Powell would give no indication as to when that will be.

Another feature, Mapmaker, should prove useful in future as well, particularly in the ever-changing UAE. Mapmaker allows users to correct maps, changes that would be vetted before they were released, said Ms Powell. "Whether we're talking about a road or a building that will all of a sudden spring up, the idea with this is that users can edit the map," she said, "and tell us actually this restaurant that you put 50 metres from here is actually here or this street; there's actually a street here that you've marked incorrectly."

There are many other complicated, back-end technical challenges facing a more functional Google mapping of the region. For example, the company is working to overcome regional differences in how people search for information, which can be as simple as whether a postal code is placed before the city or after it. "All that means you can't just roll maps out," said Ms Powell. "You can't just slap an Arabic interface on it and say 'we're done'."

While in the Emirates this week, Google representatives also met private and government representatives, as well as Dubai's chief of police, Lt Gen Dahi Khalfan Tamim. He had previously asked for inappropriate content to be filtered from YouTube, and said this week police had been working with Etisalat on implementing the process. Although Google has worked with governments to uphold local laws - most controversially in the case of China, where some content has been censored - the company reported there was no such plan for the Emirates. Instead, search limitations have generally been left up to internet service providers such as Etisalat or du.

Said Ms Kubba: "I think it's just more about bridging the dialogue than it is about 'these are the terms, please block them'." amcqueen@thenational.ae

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

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

W.
Wael Kfoury
(Rotana)

Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

MATCH INFO

Manchester United 1 (Greenwood 77')

Everton 1 (Lindelof 36' og)

While you're here
If you go

The flights

The closest international airport for those travelling from the UAE is Denver, Colorado. British Airways (www.ba.com) flies from the UAE via London from Dh3,700 return, including taxes. From there, transfers can be arranged to the ranch or it’s a seven-hour drive. Alternatively, take an internal flight to the counties of Cody, Casper, or Billings

The stay

Red Reflet offers a series of packages, with prices varying depending on season. All meals and activities are included, with prices starting from US$2,218 (Dh7,150) per person for a minimum stay of three nights, including taxes. For more information, visit red-reflet-ranch.net.

 

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.”