N97: I Saw, I Touched, I Came Away Mildly Impressed...



Make sure not to miss some of the only video in the world of the new Nokia N97, alive and in the wild, here on The National's website. We also have a story up - big point being, this wannabe iPhone killer will hit UAE shelves before almost any other country in the world.

Having had a pretty solid play with the N97 - which Nokia were keen to remind me, was still a trial version - I have the following observations that  I would like to share:


(Disclosure: I love my iPhone in a way that it is hard to express in words. I believe all other phones are basically garbage. But I try to be fair, honestly I do.)

1) Resistive touch screens are no good.

(As a backgrounder, resistive touchscreens work by placing two layers of conductive film together over the screen. When your press them together, they register a touch. This is the system used by Nokia as well as pretty much every touchscreen phone maker. Capacitive touchscreens have one electrically charged surface, they sense the small electrical charge of your fingertip to register a touch. This is what is used by the iPhone.)

So the downside of the iPhone-style touchscreen is that it only recognises fingertips - you can't use a stylus, or any other object, or your fingers covered in mittens, etc. But the downside of the N97-style screen is worse - it just doesn't work with the slickness and smoothness of the iPhone - and it cannot register more than one touch at the same time.

As anyone who has used an iPhone for web browsing knows, no multitouch is a real deal breaker, especially for zooming in/out of web pages, and typing fast on a virtual keyboard. The N7 comes with a physical keyboard too, but typing on the virtual one is going to feel like typing with one finger.

Even in the video, you will see the N97 responding to touches in a fairly haphazard way, with the Nokia guy often having to touch again for a second or third time to have it register. Not good enough, I'm affraid

2) You really make a lot of sacrifices owning an iPhone

The N97 has great speakers, an inbuilt radio transmitter (meaning you can listen to your music in the car, without a car kit), a high-res camera that takes nice video and a 32 gig hard drive with an extra memory card slot. It is probably safe to say that you won't see any of these in an iPhone anytime this decade (although the hard drives will likely get bigger.)

Becoming an iPhone lover is all about drinking the kool-aid and pretending that none of this really matters, just like hardcore Apple fans will tell you that having a second mouse button is no big deal. But in the cold light of day, it is hard not to wish for a few more hardware tweaks to the iPhone.

3) Bring on the Ovi Store

This seems like a real make or break type of thing for the N97. The whole widgets idea - basically the N97's equivalent of applications, but displaying live content right on the home screen - is really cool, and the few widgets I saw, like the two for Reuters and Bloomberg news, were excellent (check out the cool Reuters "news as a picture slideshow" application in the video - it has potential).

But what will make the difference is how many more of them will follow, how many developers get in on the game, and how lively the Ovi Store - Nokia's equivelant of the iTunes app store - becomes. That will be one of the biggest tests for the N97, and for Nokia's cred as a company that makes AWESOME phones, not just lots of them. 

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.”

Klopp at the Kop

Matches 68; Wins 35; Draws 19; Losses 14; Goals For 133; Goals Against 82

  • Eighth place in Premier League in 2015/16
  • Runners-up in Europa League in 2016
  • Runners-up in League Cup in 2016
  • Fourth place in Premier League in 2016/17

Cracks in the Wall

Ben White, Pluto Press 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The advice provided in our columns does not constitute legal advice and is provided for information only. Readers are encouraged to seek independent legal advice.