Middle East Apple fans will not have long to wait for new iPhone models

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Apple aficionados in the Middle East will not have long to wait before they get their hands on the new iPhone (AFP)
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Apple aficionados in the Middle East will not have long to wait before they get their hands on the new iPhone (AFP)
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Apple aficionados in the Middle East will not have long to wait before they get their hands on the new iPhone (AFP)
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Apple aficionados in the Middle East will not have long to wait before they get their hands on the new iPhone (AFP)
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Apple aficionados in the Middle East will not have long to wait before they get their hands on the new iPhone (AFP)
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Apple aficionados in the Middle East will not have long to wait before they get their hands on the new iPhone (AFP)
Updated 13 September 2018
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Middle East Apple fans will not have long to wait for new iPhone models

  • Apple aficionados in the Middle East will not have long to wait before they get their hands on the new iPhone
  • As befits the hype, glitz and glamor of an Apple launch, the company revealed the details of its new smartphone models

CUPERTINO, California: Apple aficionados in the Middle East will not have long to wait before they get their hands on what the company are calling the “most beautiful and advanced” iPhones.
As befits the hype, glitz and glamor of an Apple launch, the company revealed the details of its new smartphone models and a new smartwatch in Cupertino on Wednesday.
And technology-lovers will only have a few days to wait before they can pre-order the latest incarnations of the world’s most popular phone, with orders being taken from Sept. 14 and shipping for Saudi Arabia and the UAE starting on Sept. 21. iPhone addicts in Oman and Bahrain will have a week longer to wait, with the iPhones arriving in the two countries a week later on Sept. 28.
At the launch, Tim Cook confirmed the names of the new models — which had been leaked earlier in the day — as iPhone XS, XS Max and XR, as well as revealing release dates for global regions.
The major changes from previous models will be greater gearing toward internal upgrades rather than design changes, with all models improved with the fitting of the advanced A12 chip.
The new piece of kit is 50 percent more energy-efficient and faster than the previous processor, with apps loading 30 percent faster, too.
The A12 Bionic chip has an 8-core design — allowing it to run more advanced machine learning. At the launch, Apple called it a “breakthrough.”
The largest screen Apple has produced represents the firm’s attempt to feed consumer appetite for watching and recording videos, as well as taking photos.
The biggest news for most smartphone users was the announcement of the new phone’s dual-Sim capability, meaning users will have access to two phone numbers on the same iPhone at the same time.
But the price-tag of the top model will again have even the most ardent Apple fan wincing, with the XS Max going for an eye-watering $1,100 — $100 more than last year’s iPhone X. In the aftermath of the launch, questions were being asked about how high technology firms can push the prices of smartphones before consumers kick back.
Apple launched the iPhone X last year, and for the first time in more than a decade sales did not go as well as analysts had anticipated. But with Apple boosting the average iPhone selling price by nearly 20 percent, it still meant a bumper year for the tech firm.
By manufacturing more expensive iPhones, Apple has been able to boost profits despite falling demand due to people upgrading their phones less frequently. iPhones fetched an average price of $724 during the April-June period this year, a 20 percent increase from a year earlier. This time around, the iPhone XS will stay at the $999 mark while the iPhone XR will use cheaper materials and sell for about $750.
Apple also announced a new Apple Watch, which will move further into medical device territory. It has a larger screen and a built-in sensor that can detect irregular heart-rates and perform an electrocardiogram, as well as detect when a user has fallen.


French state-owned bank drops plan to aid trade with Iran

Updated 24 September 2018
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French state-owned bank drops plan to aid trade with Iran

  • US-imposed sanctions sanctions iare making trade with Iran increasingly difficult for European companies - such as Volvo
  • US is renewing sanctions on Iran after withdrawing from a nuclear deal forged in 2015 between Tehran and world powers

PARIS: French state-owned bank Bpifrance has abandoned its plan to set up a mechanism to aid French companies trading with Iran, in the face of US sanctions against Tehran.
Earlier this year, the bank had said it was working on a project to finance French companies that wished to export goods to Iran despite US sanctions.
“It’s put on hold,” said Nicolas Dufourcq, Bpifrance’s chief executive. “Conditions are not met (...) Sanctions are punitive for companies.”
Bpifrance was working on establishing euro-denominated export guarantees to Iranian buyers of French goods and services. By structuring the financing through vehicles without any US link, Bpifrance thought it was possible to avoid the extraterritorial reach of US legislation.
Dufourcq’s latest comments show how the scope of the sanctions is making trade with Iran increasingly difficult for European companies.

Swedish truckmaker Volvo has been forced to stop assembling trucks in Iran as it can no longer get paid with US sanctions taking bite.
Volvo spokesman Fredrik Ivarsson said due to the sanctions Volvo could no longer get paid for any parts it shipped and therefore had taken the decision to not operate in Iran.
"With all these sanctions and everything that the United States put.. the bank system doesn't work in Iran. We can't get paid... So for now we don't have any business (in Iran)," he said.
The US is renewing sanctions on Iran after withdrawing from a nuclear deal forged in 2015 between Tehran and world powers. Washington reimposed some of the financial sanctions from Aug. 6, while those affecting Iran’s petroleum sector will come into force from Nov. 4.
Even though several European countries have said they are seeking to protect their companies from the sanctions, several major companies including oil company Total, Air France-KLM and British Airways have announced they would suspend activities in Iran.
German officials have in recent weeks advocated for the creation of an independent system for cross-border payments to make trade with Iran possible even with the US sanctions.
European Union diplomats have said US President Donald Trump’s positions on trade and on Iran were fueling a rethink about the EU’s dependency on the US financial system.
However, European countries appear to be struggling to find or agree on effective options to tackle the issue.