The new iPhone 5c and Ss will come with the new operating system iOS 7 already installed. Justin Sullivan / Getty Images / AFP
The new iPhone 5c and Ss will come with the new operating system iOS 7 already installed. Justin Sullivan / Getty Images / AFP
The new iPhone 5c and Ss will come with the new operating system iOS 7 already installed. Justin Sullivan / Getty Images / AFP
The new iPhone 5c and Ss will come with the new operating system iOS 7 already installed. Justin Sullivan / Getty Images / AFP

UAE iPhone and iPad users primed for iOS 7 makeover


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ABU DHABI // A major update for iPhones, iPads and iPods is due to go live later today.

Apple will launch its much anticipated iOS 7 operating system that will change not just the appearance of the now familiar phone and tablet’s icons, but add a range of new features.

iOS 7 adds a new “control centre” which can be accessed with a single upwards swipe of the screen to access commonly used features and a new “notification centre” that can be used from the lock screen to track messages and apps.

The way photos are organised has been changed by using the time and location of each picture taken to arrange albums, as well as new options for photo editing and sharing.

There have also been updates made to the functionality and voice of Siri, the voice activated personal assistant.

A sharing tool called “AirDrop” also promises to make exchanging content with friends or contacts easier and more secure.

Overall, Apple has said that it is “the biggest change to iOS since the introduction of the iPhone” and will offer a cleaner, sleeker look for the devices.

Users will be notified of the free update once it goes live later today across the world.

Updates to the operating system of Apple’s mobile devices can be done without connection to a computer, but users must ensure they have sufficient battery life and an active internet connection to apply the update.

The update could be slow to download if you are trying to access it as soon as it goes live, with thousands of people all attempting to apply it at the same time.

iOS 7 can been applied to the iPhone 4, 4s and 5, iPad 2 or later models, the iPad mini and fifth generation iPod touch, but will not to available for older Apple devices

The upgrade to the operating system comes ahead of the launch of two new iPhones within the coming week, the next generation iPhone 5s and scaled down, cheaper iPhone 5c.

The iPhone 5s and 5c will come with iOS 7 pre-loaded.

ksinclair@thenational.ae

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Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

LEAGUE CUP QUARTER-FINAL DRAW

Stoke City v Tottenham

Brentford v Newcastle United

Arsenal v Manchester City

Everton v Manchester United

All ties are to be played the week commencing December 21.

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Sreesanth's India bowling career

Tests 27, Wickets 87, Average 37.59, Best 5-40

ODIs 53, Wickets 75, Average 33.44, Best 6-55

T20Is 10, Wickets 7, Average 41.14, Best 2-12

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 

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.”

MATCH INFO

Uefa Champions League quarter-final (first-leg score):

Juventus (1) v Ajax (1), Tuesday, 11pm UAE

Match will be shown on BeIN Sports

Major honours

ARSENAL

  • FA Cup - 2005

BARCELONA

  • La Liga - 2013
  • Copa del Rey - 2012
  • Fifa Club World Cup - 2011

CHELSEA

  • Premier League - 2015, 2017
  • FA Cup - 2018
  • League Cup - 2015

SPAIN

  • World Cup - 2010
  • European Championship - 2008, 2012
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