Portfolio | June 2011

Portfolio P ortfolio

Issue 66 ■ June 2011

Exclusive to Emirates First Class and Business Class

RESEARCH IN MOTION Upping The Tech Stakes

MOZAMBIQUE

A New Energy Player

ARCADE GAMES Back To The 80s

Robin Li

China’s Internet Maestro emirates.com !Cover 1 00 DXBJune2011.indd May 11 cover.indd 1

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00 DXB May 11 cover.indd 4 PORTFOLIO UAE 412X270 WATCH AUTOMOTIVE june.indd 1-2

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Ralph Lauren Automotive 45 45

DOHA ALI BIN ALI

DUBAI A. SEDDIQI & SONS

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RIYADH ALI BIN ALI

MANAMA BAHRAIN JEWELLERY CENTRE

JEDDAH ALI BIN ALI

BEIRUT A&S CHRONORA

RALPHLAURENWATCHES.COM

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NEW YORK 717 MADISON AVENUE EAST HAMPTON 23 MAIN STREET LAS VEGAS FORUM SHOPS WWW.DEVIKROELL.COM

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Sir Magdi Yacoub, cardiothoracic surgeon and founder of the Chain of Hope Charity.

'+/B*,$&B/ $B<DFRXEB'36B [ LQGG 00 DXB May 11 cover.indd 10

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DEADLINES MATTER TO ALL OUR CUSTOMERS, SOME MORE THAN OTHERS. • • • • • • •

How important is one human life? How important is it that the right thing is in the right place at the right time? To Sir Magdi Yacoub and his Chain of Hope Charity it’s the most important thing in the world.

That’s why we ensure our operations consistently deliver to the highest standard, especially when lives depend on it. With DHL, you can count on the same level of logistics excellence that helps Sir Magdi promise a better tomorrow for thousands of children. www.dhl-brandworld.com

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Magnifique French Inspired Design

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Fro m Pa ris t o D ub ai, from L ond on t o Ne w York , from Munich t o Beijing â&#x20AC;Ś L iv e a m agnifique life a ro und t he worl d.

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www. s o f i te l . co m

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DUBAI

MUNICH

BEIJING

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PA R I S

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11-12 Contents

This issue June 2011

Portfolio

11

Exclusive to Emirates First Class and Business Class

Cover Story 30

The Search Continues

COVER PHOTO: GETTY IMAGES

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Features 36 The Trouble with Mobile Retail

62 Silicon Valley Perks

The hardware and software is there, but retailers have not

Computer whizz kids are in short supply, especially as

experienced the mobile shopping boom they had hoped for.

venture capital is flowing again. The result is that tech

40 Mozambiqueâ&#x20AC;&#x2122;s New Suitors With estimated reserves of 10 billion tonnes of coal,

companies are upping the ante to attract and retain talent.

66 A New Demographic

Mozambique is firmly on Brazil, India and Chinaâ&#x20AC;&#x2122;s radar.

It used to be the older generation that used e-readers, but

So far, the Mozambican government has played a clever

now they have gone mass market. One result is that sales

balancing act between the foreign suitors.

of e-books in the children and teenage markets have risen dramatically.

44 Clean Green Environmentally-friendly cleaning products saw a surge in US sales until the recession put a stop to that. Since then, these products have struggled to maintain market share.

48 Reinventing Britain James Dyson has made millions by allowing us to see the dirt we suck up. Now he is calling for more British postgraduate students to following in his footsteps.

54 The Quinoa Quandary Quinoa, an Andean plant, is renowned for its nutritional

40

value. However, rising demand in the West has put this former staple food out of reach for many Bolivians.

58

58 BlackBerry Pins Hopes on PlayBook Tablet Canadian firm Research in Motion shipped a record 52.3 million phones last year. Yet it is losing market share to Apple and Android-powered devices.

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Portfolio

12

Exclusive to Emirates First Class and Business Class

69

Essentials 69 Some Favourite Things You would be forgiven for thinking that Salzburg is all about Mozart and music. While that is undoubtedly true to some extent, there’s more to Salzburg than that.

74 Arcade Classics Get Extra Lives Remember Space Invaders, Centipede and Pac-Man? The American Classic Arcade Museum is making sure that these arcade games are preserved for posterity.

78 Licensed to Thrill James Bond fans uttered a collective cheer as the eagerly anticipated new Bond novel – Carte Blanche – hit the shelves.

Best-selling author Jeffrey Deaver wrote the latest escapade.

74

82 Marching for Tapas Madrileños love their tapas, which is why they march from venue to venue to sample the best Madrid has to offer.

86 Changing the Game The new Volkswagen Touareg V6 3.6 FSI is a great leap forward from the first generation.

88 Other Business Portfolio takes a light-hearted look at the latest business news.

Departments 15 Notebook World business in a nutshell.

21 Observer Spotting and analysing business trends.

68

28 Column: Heather Stewart Time for New Super-economies

Published for Emirates by

PO Box 2331, Dubai, UAE. Telephone: (+971 4) 2824060, fax:(+971 4) 2824436, e-mail: emirates@motivate.ae

82

Editor-in-Chief Obaid Humaid Al Tayer Group Editor & Managing Partner Ian Fairservice Group Senior Editor Gina Johnson Senior Editor Guido Duken Editorial Assistant Hilda D’Souza Art Director Tarak Parekh Junior Designer Roui Francisco General Manager Production & Circulation S Sasidharan Production Manager C Sudhakar Senior Advertisement Manager Jaya Balakrishnan Email: jaya@motivate.ae General Manager – Group Sales Anthony Milne Email: anthony@motivate.ae Business Development Manager Nicola Hudson Advertisement Manager Rameshwar Nepali INTERNATIONAL MEDIA REPRESENTATIVES AUSTRALIA/NEW ZEALAND Okeeffe Media; Tel + 61 89 447 2734, okeeffekev@bigpond.com.au BENELUX M.P.S. Benelux; Tel +322 720 9799, francesco. sutton@mps-adv.com CHINA Publicitas Advertising; Tel +86 10 5879 5885 FRANCE Intermedia Europe Ltd; Tel +33 15 534 9550, administration@intermedia. europe.com GERMANY IMV Internationale Medien Vermarktung GmbH; Tel +49 8151 550 8959, w.jaeger@imv-media.com HONGKONG/MALAYSIA/THAILAND Sonney Media Networks; Tel +852 27 230 373, hemant@sonneymedia.com INDIA Media Star; Tel +91 22 4220 2103, ravi@mediastar.co.in ITALY IMM Italia; Tel +39 023 653 4433, lucia.colucci@fastwebnet.it JAPAN Skynet Media, Inc.; Tel +81 43 278 6977, skynetmedia@y2.dion.ne.jp NETHERLANDS GIO Media; Tel +31 6223 8420, giovanni@gio-media.nl SOUTH AFRICA International Media Representatives; Tel +27 11 234 9875, gisela@imrsa.co.za SPAIN IMM International Tel +331 40 1300 30, n.devos@imm-international.com TURKEY Media Ltd.; Tel +90 212 275 51 52, mediamarketingtr@medialtd.com.tr UK Spafax Inflight Media; Tel +44 207 906 2001, nhopkins@spafax.com USA Totem Brand Stories; Tel +212 896 3846, brigitte.baron@totembrandstories.com

Emirates takes care to ensure that all facts published herein are correct. In the event of any inaccuracy, please contact The Editor. Any opinion expressed is the honest belief of the author based on all available facts. Comments and facts should not be relied upon by the reader in taking commercial, legal, financial or other decisions. Articles are by their nature general, and specialist advice should always be consulted before any actions are taken.

Printed by Emirates Printing Press, Dubai, UAE

Portfolio

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June 2011

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Notebook Numbers Game

Canada Opens North to Mining

$8.3

billion is the hefty cost borne by international communities to deal with piracy off the Somali coast according to a recent report from the Geopolicity consultancy. The sum could reach $13 to $15 billion by 2015.

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that’s the size of a Floating Golf Course that has been unveiled in the Maldives.

The solar-powered, $500 million project is being planned by Troon Golf, Waterstudio.NL and Dutch Docklands and is due for completion in 2015.

The World GRAPHEAST

In Figures

$21.3

$116

million profit in the first-quarter is the milestone made by The Chrysler Group after a long profit drought since emerging from a federal bailout and bankruptcy in 2009. The profits are mainly ascribed to higher sales, better pricing and new product lineup.

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billion was paid

by Johnson & Johnson (JNJ) for purchasing Synthes Inc, which marks the company’s biggest deal in its 125-year history. The acquisition makes JNJ a leader in the $5.5 billion market for devices that treat trauma victims.

65%

more threats targeted mobile devices in 2010 according to a study by Kaspersky Lab. This indicates that mobile risks have more than doubled since 2009. Cybercriminals are on the rise and Android and Apple’s iPhone OS are some of their recent targets.

50.9%

of parliamentary seats are held by women politicians, which puts Rwanda top of a list of 186 countries. Next up is Sweden with 45 per cent female politicians, followed by South Africa with 44.5 per cent.

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million total sale at Christie’s International saw its biggest tally for a New York evening contemporary-art auction since the market was side-swept by the world’s financial crisis. Topping the lot was Andy Warhol’s 1963-64 ‘Self-Portrait’ that went for a Warhol portrait record at $38.4 million.

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15-18 Snippets

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June 2011

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18

Notebook

Upcoming Events...

DUBAI EVENT NAME: THE AIRPORT SHOW WEBSITE: theairportshow.com DATE: 31 MAY – 2 JUNE 2011 VENUE: DUBAI INTERNATIONAL CONVENTION AND EXHIBITION CENTER, DUBAI Ghp bg bml **ma r^Zk% ma^ :bkihkm Lahp bl _bkfer ^lmZ[ebla^] Zl hg^ h_ ma^ phke]Íl e^Z]bg` ^o^gml ]^ohm^] ^q\enlbo^er mh Zbkihkm \hglmkn\mbhg% hi^kZmbhgl% m^\agheh`r Zg] l^kob\^l' A^e] ng]^k ma^ iZmkhgZ`^ h_ Abl Ab`ag^ll La^bda :af^] ;bg LZ^^] :e FZdmhnf% Ik^lb]^gm h_ =n[Zb <bobe :obZmbhg :nmahkbmr Zg] <aZbkfZg h_ =n[Zb :bkihkml% ma^ :bkihkm Lahp bl lniihkm^] [r e^Z]bg` bgm^kgZmbhgZe bg]nlmkr Zllh\bZmbhgl Zg] eh\Ze `ho^kgf^gm Znmahkbmb^l' Ma^ :bkihkm Lahp h__^kl Zg ngkboZee^] \hf[bgZmbhg h_ ab`a& jnZebmr g^mphkdbg` Zg] [nlbg^ll ]^o^ehif^gm hiihkmngbmb^l makhn`a Z l^kb^l h_ Khng]mZ[e^ =bl\nllbhgl% BgghoZmbhg Zg] Ikhc^\m L^fbgZkl Zg] ma^ Ahlm^] ;nr^k ikh`kZff^'

EVENT NAME: Middle East Event Show 2011 WEBSITE: me-eventshow.com DATE: 1-2 June, 2011 VENUE: Sheikh Rashid Hall, Dubai International Convention & Exhibition Centre EVENT NAME: Automechanika ME WEBSITE: automechanikame.com DATE: 7-9 June, 2011 VENUE: Dubai International Convention and Exhibition Center, Dubai

RAS AL KHAIMAH AJMAN UMM AL SHARJAH QUAWAIN DUBAI FUJAIRAH ABU DHABI

United Arab Emirates

EVENT NAME: Hospital Build Middle East Exhibition & Congress 2011 WEBSITE: hospitalbuild-me.com DATE: 13-15 June, 2011 VENUE: Sheikh Rashid Hall, Dubai International Convention & Exhibition Centre EVENT NAME: Luxury World Middle East 2011 WEBSITE: terrapinn.com/2011/luxury-world-arabia/ DATE: 13-15 June, 2011 VENUE: TBA EVENT NAME: Click 5.0 The Digital Marketing Event for the Middle East WEBSITE: clickmarketingsummit.com DATE: 20-29 June, 2011 VENUE: Arjaan by Rotana EVENT NAME: 2011 Global Carbon Market & Green Energy Conference WEBSITE: 2011globalcarbonmarkets.com DATE: 11-13 July, 2011 VENUE: Jumeirah Madinat Ma^ +)** @eh[Ze <Zk[hg FZkd^ml Zg] @k^^g >g^k`r <hg_^k^g\^ >qab[bmbhg bl ma^ eZk`^lm li^\b_b\Zeer _h\nl^] @eh[Ze <Zk[hg @k^^g >g^k`r ^o^gm ^o^k a^e] bg ma^ k^`bhg% pbma ma^ ^qi^\m^] iZkmb\biZmbhg h_ *%.))$ bg]nlmkr iheb\r fZd^kl% in[eb\ h__b\bZel% k^l^Zk\a^kl% fZgZ`^kl Zg] ^qi^kml _hk mak^^ ]Zrl h_ \hg_^k^g\^ l^llbhgl% [nlbg^ll f^^mbg`l% g^mphkdbg`% ^]n\ZmbhgZe l^llbhgl% li^\bZe ^o^gml Zg] nipZk]l h_ *.) ^qab[bmhkl makhn`ahnm ma^ o^gn^' Portfolio

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BUSINESS NEWS IN BRIEF

Adam Schokora is a founder of NeochaEdge, a creative agency based in China.

Cool Commercial Art

Multinational companies are turning to young local artists to give their brands an edge in China’s huge youth market, reports Hannah Seligson.

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00 DXB May 11 cover.indd 23 21-27 Snippets Observer.indd 21

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00 DXB May 11 cover.indd 24 21-27 Snippets Observer.indd 22

5/31/11 10:06:47 AM 5/19/11 5:03:48 PM

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24

Observer The World

Top 10 MOST PROFITABLE US COMPANIES IN TERMS OF PROFIT Rank

Company

1.

Exxon Mobil

2010 ($ millions) $30,460.0

2.

AT&T

$19,864.0

3.

Chevron

$19,024.0

4.

Microsoft

$18,760.0

5.

J.P. Morgan Chase & Co.

$17,370.0

6.

Wal-Mart Stores

$16,389.0

7.

International Business Machines

$14,833.0

8.

Apple

$14,013.0

9.

Johnson & Johnson

$13,334.0

10.

Berkshire Hathaway

$12,967.0

US COMPANIES SUFFERING THE BIGGEST LOSSES

Hybrid Luxury

Rank

Company

Fortune 500 rank

Loss ($ millions)

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Freddie Mac

20

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Fannie Mae

5

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3.

Sprint Nextel

85

$3,465.0

4.

Energy Future Holdings

292

$2,812.0

5.

Bank of America Corp

9

$2,238.0

6.

AbitibiBowater

474

$1,940.0

7.

MGM Resorts International

380

$1,437.4

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257

$1,097.0

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486

$1,096.7

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Boston Scientific

305

$1,065.0

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FASTEST GROWING US COMPANIES Rank

Company

2010 % Growth in EPS

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1.

Autoliv

$5,225.0

2.

Nash-Finch

$1,738.1

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Kroger

$1,481.8

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$1,234.8

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$1,172.5

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FedEx

$1,112.9

10.

Capital One Financial

SOURCE: MONEY.CNN.COM

$712.2

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00 DXB May 11 cover.indd 26 21-27 Snippets Observer.indd 24

5/31/11 10:06:59 AM 5/19/11 5:03:52 PM

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9/11 5:03:52 PM

00 DXB May 11 cover.indd 27

5/31/11 10:07:02 AM

26

Observer

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Chinese Car Sales

lending rates, and the slowing of deliveries due to Japan’s record earthquake saw car sales slow in April. Total vehicle sales fell 0.25 per cent in April to 1.55 million units as sales of commercial vehicles declined. Commercial-vehicle deliveries dropped 7.8 per cent from a year ago to 409,700 units.

China has increased fuel prices twice this year, reinstated a 10

Despite April’s decline in cars, China’s market is still poised for growth.

All in all, the outlook is still rosy. Deliveries of cars including multipurpose and sport-utility vehicles to dealerships rose 2.8

per cent sales tax on cars and removed trade-in subsidies. That is

per cent in April from a year earlier to 1.14 million units. China’s

giving consumers reason to wait and see. The China Association

total vehicle sales stood at 1.89 million units in January and 1.83

of Automobile Manufacturers believes that auto sales growth

million in March. Last year, overall auto sales in China surged

in China may rise more slowly this year than the nation’s gross

32 per cent to a record 18.1 million, surpassing the US for the

domestic product, which is targeted at eight per cent.

second year running.

South Africa Has Highly Skilled Posts Vacant

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LU X U R I O U S A PA R T M E N T S O N T H E “ C R O I S E T T E ” I N CA N N E S

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des Festivals et des Congrès

SALES OFFICE

Salon de l’Hôtel Majestic 10 La Croisette 06400 CANNES

+33(0)6 20 13 57 71 +33(0)6 20 74 87 16 www.constructa-vente.fr

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9/11 5:03:54 PM

00 DXB May 11 cover.indd 29 21-27 Snippets Observer.indd 27

5/31/11 10:08:03 AM 5/19/11 5:03:57 PM

Commentary

28

HEATHER STEWART

Time for New Super-economies?

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5/31/11 10:08:13 AM 5/19/11 4:53:37 PM

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Baidu is Chinaâ&#x20AC;&#x2122;s largest search engine, which means it managed to get the better of international firms such as Google and Yahoo!. One could also label Robin Li the Chinese billionaire version of Google founders Segey Brin and Larry Page. And just like his American counterparts heâ&#x20AC;&#x2122;s looking towards the future, reports Daniel Evans.

9/11 4:53:37 PM

00 DXB May 11 cover.indd 33 30-35 Cover Story.indd 31

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Baidu BECAME THE first Chinese COMPANY TO LIST ON THE Nasdaq IN AUGUST 2005.”

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June 2011

00 DXB May 11 cover.indd 35 30-35 Cover Story.indd 33

5/31/11 10:08:16 AM 5/19/11 4:53:43 PM

CMYK

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Baidu employees 4,000 search engine product and technology engineers. It was also the first Chinese internet company to create a post-doctoral research centre.

REUTERS

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According to the lated figures around 420 million Chinese have internet access, which is roughly a third of the total population.

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Baidu is headquartered in Beijing. It was a profitable business decision by Li to operate from mainland China.

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Portfolio

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CMYK

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June 2011

00 DXB May 11 cover.indd 37 30-35 Cover Story.indd 35

5/31/11 10:08:18 AM 5/19/11 4:53:59 PM

CMYK

Retail

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Portfolio

June

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CMYK

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The Rue La La boutique page on an iPhone.

The tepid early response to mobile shopping has retailers pursuing a variety of improvements to compensate for a phone’s limitations, with features like voice search, one-touch checkout and simplified mobile sites.

June 2011

00 DXB May 11 cover.indd 39 36-38 Retail.indd 37

5/31/11 10:08:19 AM 5/19/11 4:55:27 PM

CMYK

WIRE IMAGE

Retail

38

Above: Smartphones are getting more intuitive to use and faster thanks to 4G networks. But mobile shopping remains limited by their screen and button size.

Right: The iPad and other tablets are more user friendly and could boost mobile shopping.

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“At Rue La La, a flash-sale site for fashion and accessories, more than 12 per cent of sales came from mobile devices in the first quarter, up from less than two per cent a year ago.”

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Portfolio

00 DXB May 11 cover.indd 40 36-38 Retail.indd 38

CMYK

5/31/11 10:08:23 AM 5/19/11 4:55:32 PM

Ex +

BUSINESSASUNUSUAL The most prestigious and highest Corporate Suites on earth are now available for lease.

144-147 Corporate Suites floors Total areas 5,447 - 6,472 sq. ft.

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9/11 4:55:32 PM

00 DXB May 11 cover.indd 41

5/31/11 10:08:24 AM

40

Brazilian mining giant Vale has invested $1.3 billion in Mozambican coal mines.

Production at the Moatize coal basin near the city of Tete started last year.

With estimated reserves of 10 billion tonnes of coal, Mozambique is firmly on Brazil, India and China’s radar. So far, the Mozambican government has played a clever balancing act between the foreign suitors, reports Loro Horta.

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00 DXB May 11 cover.indd 40-43 Mozambique Coal.indd42 40

CMYK

5/31/11 AM 5/19/11 10:08:26 4:53:32 PM

© 2011 YALE CENTER FOR THE STUDY OF GLOBALIZATION

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00 DXB May 11 cover.indd 40-43 Mozambique Coal.indd43 41

5/31/11 AM 5/19/11 10:08:26 4:53:37 PM

CMYK

GRAPH EAST

42

Chinese President Hu Jintao met with his Mozambican counterpart Armando Guebuza in Maputo in 2007. Since then, China has emerged as Mozambique’s second largest trading partner.

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Cahora Basa in the Tete province is Africa’s fourth largest dam. Currently 80 per cent of its hydroelectric power is sold to South Africa, Mozambique’s largest trading partner.

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Portfolio

00 DXB May 11 cover.indd 40-43 Mozambique Coal.indd44 42

CMYK

5/31/11 AM 5/19/11 10:08:28 4:53:47 PM

Mor runs land

June

40-43 Mozamb

“Chinese companies have built roads, bridges, military installations, hospitals and other infrastructure throughout the country, with a mixture of aid and contracts.

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Commodities

43

More than 800 South African farmers are currently active in Mozambique. Lance Spears runs the banana farm Tropical Frutos. Brazil and China are also interested in agricultural land.

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June 2011

00 DXB May 11 cover.indd 40-43 Mozambique Coal.indd45 43

5/31/11 AM 5/19/11 10:08:28 4:53:56 PM

CMYK

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“Green products are more expensive because the ingredients tend to cost more than their conventional counterparts, and transportation costs are also higher because they are sold in smaller volumes than the big brands.”

June 2011

00 DXB May 11 cover.indd4547 44-46 Green Works.indd

5/31/11 AM 5/19/11 10:08:30 4:54:46 PM

CMYK

Marketing

46

“Our consumers voted instead for our traditional products. We haven’t given up on launching innovative, earth-friendly products, we’ve just taken a step back to think about how and when consumers will be ready.”

A^b]b =hkhlbg% ob\^ ik^lb]^gm _hk fZkd^mbg` h_ ma^ \e^Zgbg` ]boblbhg h_ Sarah Pooler, 55, reflects typical consumer behaviour towards green products. She finds them too expensive, but will buy them when they are on sale.

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Large multinationals have seen their sales of green products stall or drop. Smaller companies, with a more loyal and affluent following, reported double-digit growth in 2010.

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00 DXB May 11 cover.indd4648 44-46 Green Works.indd

CMYK

5/31/11 AM 5/19/11 10:08:37 4:54:52 PM

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Dyson’s Dual Cyclone bagless vacuum cleaner has made him a billionaire and won numerous awards. He was appointed a Knight Bachelor in the New Year’s Honours December 2006.

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June 2011

00 DXB May 11 cover.indd 51 48-52 Innovation.indd 49

5/31/11 10:08:40 AM 5/19/11 4:58:22 PM

CMYK

Innovation

50

“His enthusiasm and ability to humanise the workings of the materials and the structure is infectious (next day I find myself googling magnets to find out what they are actually made from).”

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Dyson launched the Airblade in 2006.

This fast hand dryer produces an air stream exceed 600 kilometres an hour.

Portfolio

00 DXB May 11 cover.indd 52 48-52 Innovation.indd 50

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Innovation

52

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In 2005, Dyson added the wheel ball from his Ballbarrow concept into a vacuum cleaner, creating the Dyson Ball.

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Portfolio

00 DXB May 11 cover.indd 54 48-52 Innovation.indd 52

CMYK

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Agriculture

54

THE QUINOA QUANDARY

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Quinoa, an Andean plant, is renowned for its nutritional value. However, rising demand in the West has put this former staple food out of reach for many Bolivians, reports Simon Romero.

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; Quinoa is very nutritious but preparing it is a painstaking process that involves washing away the resin-like saponin coating that protects the seeds.

Portfolio

00 DXB May 11 cover.indd 56 54-57 Quinoa.indd 54

CMYK

5/31/11 AM 5/19/11 10:09:08 5:30:26 PM

June

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Agriculture

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© 2010 NEW YORK TIMES NEWS SERVICE

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The quinoa plant is a chenopod, which means it is related to species like beets and spinach. Quinoa flowers three months before it is harvested.

June 2011

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5/31/11 AM 5/19/11 10:09:08 5:30:34 PM

CMYK

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Bags of quinoa ready for export. A one kilogram bag costs $4.85 in Bolivia, compared to $1 for an equivalent bag of white rice.

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00 DXB May 11 cover.indd 58 54-57 Quinoa.indd 56

CMYK

5/31/11 AM 5/19/11 10:09:11 5:30:43 PM

June

54-57 Quinoa.i

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“At supermarkets in Bolivia, a 1,000-gramme bag of quinoa costs the equivalent of $4.85, compared with $1.20 for a bag of noodles the same weight and $1 for a bag of white rice.

Agriculture

57

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Jim Balsillie, one of RIM’s two CEOs, believes many companies will have difficulty adapting to the shift towards powerful mobile computers.

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“RIM’s equivalent to NeXT is another Canadian company, QNX Software Systems, which it acquired a year ago.

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Computer whizz kids are in short supply, especially as venture capital is flowing again. The result is that tech companies are upping the ante to attract and retain talent, report Claire Cain Miller and Jenna Wortham.

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Google’s Kirkland, Washington, facility started a trend with its climbing wall, gym and well-stocked cafeteria. Today, these are standard perks in many tech companies that are trying to attract and retain the right talent.

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June 2011

00 DXB May 11 cover.indd 62-65 Job Perks.indd 63 65

5/31/11 AM 5/19/11 10:09:21 4:56:59 PM

CMYK

64

Keith Rabois, a Silicon Valley veteran and chief operating officer at Square, third from right, and Eric Firestone, a software engineer, fourth from right, in a meeting with other engineers at the company’s offices in San Francisco.

“There has been a psychological shift; many of the most talented engineers want to be the next Mark Zuckerberg, not work for him. They have that entrepreneurial spirit and you want to talk to them because you know they’d do great in a small environment working a million hours a week.” mh lmZkm ma^bk hpg mabg`%Ë lZb] =Zo^ Fhkbg% \h&_hng]^k Zg] \ab^_ ^q^\nmbo^ h_ IZma' Fhkbg% Zg ^Zker ?Z\^[hhd ^fiehr^^% dghpl ma^ mri^ [^\Znl^ a^ pZl hg^ h_ ma^f' A^ m^eel k^\knbml maZm a^ pbee a^ei ma^f lmZkm ma^bk hpg \hfiZgb^l ]hpg ma^ khZ]% [r Z]oblbg` hk bgo^lmbg` bg ma^f' K^]_bg% Zg hgebg^ k^Ze ^lmZm^ [khd^kZ`^ bg L^Zmme^% l^ml ni hg^&hg&hg^ f^^mbg`l

Tech cam the rece the

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Jeffrey Kissinger, left, and Danielle Trencher attend the Pepsi Max and Foursquare party at the South by Southwest festival in Austin, Texas.

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Portfolio

June

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CMYK

5/31/11 AM 5/19/11 10:09:24 4:57:02 PM

62-65 Job Perk

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Tech recruiters are scouting college campuses and hosting events to attract the right talent. Many college seniors receive at least six offers by the end of the first term.

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Companies like Google and Zynga offer free haircuts to recruits.

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folio

June 2011

9/11 4:57:02 PM

00 DXB May 11 cover.indd 62-65 Job Perks.indd 65 67

5/31/11 AM 5/19/11 10:09:25 4:57:10 PM

CMYK

66

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Amy Mauer-Litos reads a Nook e-reader her daughter Eliana Litos recieved as a gift.

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It used to be the older generation that used e-readers, but now they have gone mass market. One result is that sales of e-books in the children and teenage markets have risen dramatically, reports Julie Bosman.

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5/31/11 AM 5/19/11 10:09:26 4:57:59 PM

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With e-readers becoming cheaper and more plentiful, they have gone mass market, enticing some members of the younger generation to pick them up for the first time.

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THE BEST OF LEISURE AND LIFESTYLE

SOME FAVOURITE THINGS You would be forgiven for thinking that Salzburg is all about Mozart and music. While that is undoubtedly true to some extent, thereâ&#x20AC;&#x2122;s more to Salzburg than that, reports Guido Duken.

View of the Mirabell garden with the Festung Hohensalzburg in the background.

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Austria

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From the Mönchsberg you get a bird’s eye view of Salzburg’s Baroque beauty.

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Clockwise: There’s no need to go to Vienna to enjoy the coffee house experience; A coach tour is a leisurely way of exploring Salzburg; There’s no shortage of delicacies.

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“The palace garden is also stunning, a fact that wasn’t lost on Hollywood as it is here where Maria (Julie Andrews) and the children danced and sang ‘Do-Re-Mi’.”

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Austria

SALZBURGERLAND TREATS Salzburg is a convenient location to explore some of the many attractions the state has to offer. All of these locations are an easy and incredibly scenic day trip away, or you can stay overnight.

The Gastein Valley, the longest side valley in the Hohe Tauern range, is home to Bad Gastein. This picturesque Belle Epoque town offers a holistic spa experience at the new Felsentherme Gastein. In the middle of the valley is Bad Hofgastein, which attracted European royalty over the centuries for its thermal springs. Take the cure at the new Alpen Therme Gastein or the Spa & Rehabilitation Centre. The world famous Heilstollen, caves deep inside the mountains, offer a unique radon thermal and water vapour bath.

kilometre park is Austria’s biggest and Europe’s second largest national park.

Hohe Tauern is fairly unique as it is situated almost exclusively on privatelyowned land. It includes mountain ranges along the central Alps with Austria’s highest mountain, the Großglockner (3,789 metres), some 130 square kilometres of glaciers (even though they are decreasing) and several major rivers (most importantly Salzach, Mur, Isel and Möll).

The National Park Hohe Tauern contains one third of all plant species that can be found in Austria, alongside with some 10,000 animal species. The largest visitor centre is found in Mittersill, which is perfect for kids thanks to an educational and hands-on experience that demonstrates the eight worlds that are found in the national park.

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At the end of the valley is Sportgastein, a name that speaks for itself. In winter this is a skier’s paradise with numerous pistes that cater for all abilities. In summer it is the hiking and cycling paths that attract the fitness minded. But even if you are not an active person it is well worth taking a gondola to the top of the Stubnerkogel (2,650 metres above sea level) and drink in the fresh air and fantastic views.

If you’re travelling through Salzburgerland you will probably enter and leave National Park Hohe Tauern without even realising it. This 1,800 square

The Krimmler Waterfalls, Austria’s highest at 380 metres, are also part of the National Park Hohe Tauern. They are stunningly beautiful and you can explore them by hiking along a path following the course of all three waterfalls. Besides the healthy hike, ongoing research by the Paracelsus Private Medical University Salzburg has proven that the falls’ fine atomised water has a healing effect on allergic asthma.

In Salzburgerland the journey is often as interesting as the end destination.

High Alpine peaks, dazzling green valleys and villages with their picturebook wooden houses just keep rolling past. It’s enough to make one want to sing ‘Edelweiss’.

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The Gastein Valley is renowned for its natural beauty, skiing, hiking and numerous spas.

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Technology

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ARCADE CLASSICS

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Remember Space Invaders, Centipede and Pac-Man? The American Classic Arcade Museum is making sure that these arcade games are preserved for posterity, reports Ethan Gilsdorf.

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00 DXB May 11 cover.indd 76 74-77 Essential - Tech.indd 74

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5/31/11 10:09:37 AM 5/19/11 5:02:36 PM

FEATUREWELL

ILLUSTRATION BY ROUI FRANCISCO

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74-77 Essentia

Essentials Technology Classic arcade games are making a comeback, especially with the over 40s.

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Double Dragon was the first 3-D arcade game and signalled the end of the 2-D era.

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“Every game on the floor is there to be played.

And for 25 cents, the museum lets folks try to revive their old-school gaming mojo.”

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00 DXB May 11 cover.indd 77 74-77 Essential - Tech.indd 75

5/31/11 10:09:37 AM 5/19/11 5:02:49 PM

CMYK

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“A committee of game developers and experts chose the first 10 games: from 1962’s Spacewar! (considered to be the first computer game) to Tetris and Super Mario Bros. 3”

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Pac-Man was released in the 80s and became an icon of popular culture. Pac-Man not only created a new genre but also became the most successful arcade game ever.

Portfolio

00 DXB May 11 cover.indd 78 74-77 Essential - Tech.indd 76

CMYK

5/31/11 10:09:39 AM 5/19/11 5:02:54 PM

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Several institutions are now collecting and preserving the games.

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Gary Vincent is the curator of the American Classic Arcade Museum.

June 2011

00 DXB May 11 cover.indd 79 74-77 Essential - Tech.indd 77

5/31/11 10:09:39 AM 5/19/11 5:02:58 PM

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;^g Jeffrey Deaver attended this year’s Emirates Airline Festival of Literature in Dubai. His James Bond book Carte Blanche uses Dubai as a backdrop.

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5/31/11 AM 5/19/11 10:09:44 4:58:34 PM

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9/11 4:58:34 PM

Profile

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LICENSED TO THRILL James Bond fans uttered a collective cheer as the eagerly anticipated new Bond novel – Carte Blanche – hit the shelves. Nick Rice meets Jeffery Deaver, the prolific American thriller writer responsible for the world’s favourite undercover agent’s latest escapade.

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June 2011

00 DXB May 11 cover.indd 79 81 78-81 Jeffery Deaver.indd

5/31/11 AM 5/19/11 10:09:45 4:58:34 PM

CMYK

80

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“T bo w w da ele w to do w lic

Jeff who Kat Portfolio

00 DXB May 11 cover.indd 80 82 78-81 Jeffery Deaver.indd

CMYK

5/31/11 AM 5/19/11 10:09:47 4:58:40 PM

June

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“The Bond in the books was cool and witty yes, but he was more, he was dark and he had an element to him that was this – I have to fight, I have to do this job, which was to kill. He had a license to kill.”

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9/11 4:58:40 PM

Profile

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Deaver has written 27 novels, which have been translated into 25 languages and sold in 150 countries.

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Bm bl \e^Zker Z eZ[hnk h_ eho^ _hk =^Zo^k% Jeffrey Deaver is a bestselling author who is known for his Lincoln Rhyme and Kathryn Dance novels.

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Carte Blanche is published by Hodder and Stoughton in the UK. It will be published in the USA and Canada on June 14, 2011 by Simon & Schuster.

June 2011

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CMYK

Essentials

82

Cuisine

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Madrileﾃｱos love their tapas, which is why they march from venue to venue to sample the best Madrid has to offer, reports Brian Johnston.

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00 DXB May 11 cover.indd 8284 82-85 Madrid Tapas.indd

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June

82-85 Madrid T

folio

9/11 4:59:28 PM

Essentials Cuisine

83

“Madrid and the southern province of Andalusia are the best places in Spain for tapas, but Madrid has the edge for variety, with tapas dishes from all over Spain, and increasingly with culinary influences from beyond.” pZm\abg` ho^k ^o^krhg^'Ë Ma^ pahe^ ihbgm h_ ma^ mZi^h bl mh fho^ Z[hnm' Ma^ LiZgbla \Zee aZobg` Z gb`am hg ma^ mhpg bk eZ fZk\aZ hk fZk\abg` Zg] mabl bl ^qZ\mer paZm B ]h' B phne] pZed +) fbgnm^l mh Z _Zohnkbm^ mZiZl mZo^kg ebd^ EZ Mkn\aZ% cnlm h__ IeZsZ LZgmZ :gZ' B ebd^ bml pabm^pZla^] knlmb\bmr Zg] pbg]hpl hgmh ma^ dbm\a^g% pa^k^ lm^kg&_Z\^] fZmkhgl mhbe' B iZkmb\neZker ebd^ ma^ mkZ]bmbhgZe :g]ZenlbZg h__^kbg`l ln\a Zl CZ[n`h lfhd^] f^Zm Zg] hqmZbe lm^p Zg] ]^eb\bhnl \khjn^mZl ]^ cZf g fZ]^ mh hk]^k' EZ Mkn\aZ bl hpg^] [r Zg :g]ZenlbZg _Zfber Zg] ]h^l mZiZl ma^ he]&_Zlabhg^] BG F:=KB=% B ;><HF> : <K>:MNK>

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June 2011

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Essentials

84

Cuisine

Every tapas lover has their favourite place.

The outdoor life on Plaza Santa Ana is particularly popular in summer.

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Tapas stands that serve every variety of smoked meats and sausages are found all over Madrid.

Pimientos del Padron is a tapas that consists of pickled green peppers fried in salt.

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Vegetarians are also catered for with tapas such as bean salad, mushrooms and artichokes.

Portfolio

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June

82-85 Madrid T

Essentials Cuisine

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A selection of tapas with eggs, smoked meats, sausage and salmon.

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A neighbourhood café in Madrid’s old town.

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“I never leave the Tabena Matritum on Cava Alta without trying their tomato bread and potatoes with cheese. And one of Madrid’s best places for tapas is the indoor market on Plaza de San Miguel, which serves delicious oysters...”

It doesn’t get more Spanish than the La Torina restaurant with its bullfighting theme and large selection of tapas.

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June 2011

00 DXB May 11 cover.indd 8587 82-85 Madrid Tapas.indd

5/31/11 AM 5/19/11 10:09:53 5:00:05 PM

CMYK

Essentials

86

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The new Volkswagen Touareg V6 3.6 FSI is a great leap forward from the first generation, reports Guido Duken.

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The second generation Touareg has a far sleeker and sportier appearance than the outgoing model. The length has been increased by four centimetres, yet it has shed 208kg.

Portfolio

00 DXB May 11 cover.indd 88 86 86-87 Motoring-VW Toureg.indd

CMYK

5/31/11 AM 5/19/11 10:09:58 5:00:49 PM

June

86-87 Motoring

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The interior is roomier and far more upmarket than the previous generation.

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folio

9/11 5:00:49 PM

June 2011

00 DXB May 11 cover.indd 89 87 86-87 Motoring-VW Toureg.indd

5/31/11 AM 5/19/11 10:09:59 5:00:59 PM

CMYK

88

Essentials

Other Business

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Looking for the Real Mona Lisa

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Researchers have begun their hunt for the remains of the woman

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who might have been the model for Leonardo da Vinci’s Mona

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Lisa, hoping to unravel a mystery that has baffled art historians

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for over five centuries.

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The real Mona Lisa, Italian art historians say, was Lisa

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Gherardini, the wife of a rich Florentine silk merchant named

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Francesco del Giocondo who is thought to have commissioned

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the portrait – although there is no definitive proof of this. The

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true identity of Mona Lisa and her enigmatic smile has intrigued

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art lovers around the world. The researchers say that if they can

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find her skull, they will be able to reconstruct her face and

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compare it with the painting.

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The key to solving the mystery may lie at the Saint Orsola

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convent, a structure in central Florence almost reduced to ruins.

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Using radar equipment which can identify objects underground,

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scientists are scanning the floor in the small church to pinpoint areas where they may start digging for Gherardini’s remains.

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peace. What could finding her remains change to the charm of

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Leonardo’s painting? To look for her bones seems a sacrilege to

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me,” said one of them, actress and writer Natalia Strozzi.

Por tfolio

00 Other DXB May 11 cover.indd 88 business.indd 88 90

5/31/11 AM 5/19/11 10:10:06 5:01:39 PM

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9/11 5:01:39 PM

00 DXB May 11 cover.indd 91

5/31/11 10:10:09 AM

00 DXB May 11 cover.indd 92 SP J12 CHROMA 206x270 Portofolio ARA.indd 1

www.chanel.com

Watch in titanium ceramic, a new highly scratch-resistant material.

Its unique color and shine are obtained by the addition of titanium to ceramic and diamond powder polishing.

Self-winding mechanical movement. 42-hour power reserve. Water resistant to 200 meters.

5/31/11 10:10:17 AM 13/04/11 11:16