Five talking points from the week in UAE business



A wide variety of topics have have been covered during the past seven days, from aviation to football, interest rates to commuting costs.

A tale of East and West in phone wars

Samsung sold an estimated 81 million smartphones in the first three months of this year. Apple, 61 million. But it is the high end of the market where the most money is to be made, and despite Samsung's overall advantage, Apple had enthusiasts/suckers lining up to buy its new and bigger iPhone all through the first quarter. Many of them were no doubt switching from Samsung's Galaxy models. Bottom line: Apple made a profit of $13.6 billion during the quarter and has a stock market value of about $741bn. Samsung raked in US$4.3bn and is worth about $193bn. There is also a factor of geography here. The western company is ahead of the Asian company. But what is propelling the western company is its sales to China, the colossus of the east. In the first quarter, for the first time, Apple peddled more iPhones in China than it did in America. Rob McKenzie

England should treasure Emirates FA Cup

The Emirates FA Cup. It just rolls off the tongue. The Dubai carrier yesterday confirmed that it is in talks with the English Football Association to sponsor the world's oldest football competition. A three-year deal worth £10 million (Dh56.5m) a year is expected to be approved. This means the airline will be an English club shirt sponsor (Arsenal), a stadium sponsor (Arsenal's Emirates Stadium) and will have the naming rights to what used to be regarded as the world's most famous cup competition (usurped by the Champions League). However, the moaning and groaning has already started among the country's footballing purists - those who insist the FA is repeatedly selling its soul by allowing the 144-year-old competition to be sponsored. There is an argument that the foreign money pumped into the English Premier League has diluted the quality of its domestic players as clubs invest in global talent rather than local. But for a nation that needs to finance a complete overhaul of its grass roots set-up, it should be glad to have Emirates on board. Ian Oxborrow

The A380 is due some love

The celebrations to mark the 10th anniversary of the A380 superjumbo were rather muted. This wasn't surprising given that Airbus failed to sell a single aircraft last year. Even its transatlantic rival Boeing did not find any takers for the competing 747. Does this mean that the A380 is doomed? Not necessarily. The Dubai-based Emirates, the single largest operator of the aircraft with currently 60 in its fleet, is keen to buy at least 200 more, but only if Airbus revamps the aircraft's engine with the promise of double-digit fuel efficiency. That Emirates is serious about its intentions can be put down to the fact that the airline's executives have repeatedly stated their stance on more than one occasion in the recent past. However, Airbus officials insist that such an upgrade will not be made on the request of only one airline. It would be a shame to see the aircraft consigned to history. On a more positive note, Airbus said today it would break even on the A380 as planned this year. Srinivasan Iyer

Watch the US economy glow in summer warmth

Central bankers do nothing by halves that can be done by quarters. Because when they do act, their heft shakes the ground around them. It's like a Bruce Banner/Hulk thing - use with caution. And caution is their default. The US central bank, the Federal Reserve, on Wednesday hedged its bets. The Fed's policy committee met on Tuesday and Wednesday and, in the end, decided to delay any move on super-low interest rates. They will wait and watch. Their words indicated that rates will not rise until the year's second half, at the earliest. Statistics released earlier Wednesday showed US growth was at a puny annual rate of 0.2 per cent. Part of the reason: tough winter weather kept shoppers, and their wallets, at home. But the same thing happened in last year's first quarter, and once the snow melted, the economy warmed up. (And so another movie reference: There will be growth in the spring.) Rob McKenzie

Driving up commuting costs

The cost of travelling to work has almost doubled during the past five years, we reported in our personal finance section this week. Research by global workplace provider Regus said UAE workers now spend on average 5 per cent of their pay annually - up from 3 per cent in 2010. This may initially sound like an alarming increase and see UAE residents frantically dusting off their cycling gear, especially against the backdrop of rising rents and utility bills amid Abu Dhabi's highest level of inflation since 2009. But let's not forget that travelling costs in this country - certainly to expats from western nations - are comparatively cheap. So, for now, don't expect too many complaints about the cost of travel, especially from anyone who has commuted somewhere such as London where up to 25 per cent or more of your wage can be spent on travel. Ian Oxborrow

Results:

First Test: New Zealand 30 British & Irish Lions 15

Second Test: New Zealand 21 British & Irish Lions 24

Third Test: New Zealand 15 British & Irish Lions 15

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
RACE CARD

5pm: Maiden (PA) Dh80,000 1,400m
5.30pm: Maiden (PA) Dh80,000 1,200m
6pm: Arabian Triple Crown Round-1 (PA) Listed Dh230,000 1,600m
6.30pm: HH The President’s Cup (PA) Group 1 Dh2.5million 2,200m
7pm: HH The President’s Cup (TB) Listed Dh380,000 1,400m
7.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,200m.

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
The biog

DOB: 25/12/92
Marital status: Single
Education: Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5