For F1, Dubai nightclub VIP Room is hosting a party on the third floor of Yas Marina Building 1. Courtesy: VIP Room
For F1, Dubai nightclub VIP Room is hosting a party on the third floor of Yas Marina Building 1. Courtesy: VIP Room

A round-up of Abu Dhabi Grand Prix after parties in the UAE



As the biggest weekend on the UAE’s social calendar kicks off in Abu Dhabi, here is the inside scoop on some of the most exclusive Grand Prix parties.

On land

Amber Lounge

Over the past six years, Amber Lounge has hosted F1 parties in Abu Dhabi boasting glamorous, A-list guest lists that have included Prince Harry, Kylie and Dannii Minogue, Aerosmith’s Steve Tyler, and actors Hugh Grant and Neve Campbell.

Its website features a page titled “Amber Lounge friends”, which reads like a who’s who of the ­entertainment world.

At last year’s Grand Prix, Prince Harry and Tyrese Gibson rubbed shoulders at Amber Lounge with drivers Lewis Hamilton, Niki Lauda, Fernando Alonso and Sebastian Vettel.

This year, Amber Lounge has a purpose-built waterfront venue at Yas Links Golf Club on November 28 and 29, to which their star performer, Craig David, will rock up in a Rolls-Royce (the carmaker partnering with the lounge).

• Visit www.amber-lounge.com

Pole Position Suite

The Yas Viceroy hotel’s Pole Position Suite, which costs Dh2,550 for the races on November 28 and 29, boasts sweeping trackside views from the comfort of a hotel lounge suite. Guests also get to meet F1 drivers and attend Q&A sessions with racing personalities. The private air-­conditioned suite also has a large, shaded terrace area with outdoor seating.

• Visit www.bookf1.com

VIP Room

This year, the Dubai nightclub is hosting a party on the third floor of Yas Marina Building 1, overlooking Yas Marina Circuit. The famous club brand, which is also part of the exclusive nightlife scenes in Paris and St Tropez, and at the Cannes Film Festival, has an F1 following of celebrities, international jet-setters and fashion industry elite.

Akon will make an appearance on November 27, Ludacris on November 28, and 50 Cent for the closing party on November 29.

• For table bookings and VIP reservations, email bookings@viproom-dubai.com

The Podium Lounge

Having hosted sell-out events at the Yas Viceroy since 2013, the Podium Lounge is this year transforming the du Forum into a glamorous ultra lounge, featuring a dazzling overhead catwalk and VIP balcony suites for up to 3,000 guests per night.

Podium Lounge brands itself as the ultimate A-list party for the racing community in Singapore, Melbourne and Monaco.

Kim Kardashian arrived at last year’s party, on the rooftop of Yas Viceroy, with her entourage of friends and security, before heading to VIP Room for hosting duties.

“Kim’s security detail was so large that they had to take two lifts to accommodate her personal entourage as well,” says chief executive Robbie Hoyes-Cock.

• General admission tickets are Dh400 in advance. VIP tables cost from Dh5,000 to Dh45,000. Visit www.podiumlounge.com/ae

Cirque Le Soir and 1OAK

The two international clubbing brands will host exclusive parties at Rush nightclub in Yas Viceroy hotel. At other times of the year, the company organises lavish parties in Dubai, Marbella and Las Vegas. Guests can stay in the club to take in the racing action during the day, then the party swings into action once the sun sets over the track. This year, the club is hosting rappers Trey Songz on November 27, Big Sean on November 28 and Future on November 29 (Rich List organisers say United States comedian Kevin Hart might make an appearance, too).

• For bookings and reservations visit www.cirquelesoir.com/dubai

On the water

Amber Lounge VIP celebrity yacht

This is one superyacht that makes a regular appearance at the Abu Dhabi Grand Prix.

“F1 drivers will come on board to meet the guests and answer their questions,” says Amber Lounge’s PR and media manager Julia Burg. She’s staying tight-lipped about which celebrities will be on board this year, but in previous years, former F1 drivers Romain Grosjean, Sergio Pérez, Mika Häkkinen and David Coulthard have graced the three decks of the 27-metre-long vessel, which was made in the UAE by local company Gulf Craft.

“Our sponsor, SNS Marine, is providing an extra tender Chris Craft [a small power boat] between the yacht to Yas Links Golf Club, where the Amber Lounge party will happen,” says Burg.

• A two-day yacht package costs Dh18,200 per person, including goody bags with team merchandise. Visit www.amber-lounge.com

Charter a yacht

Dubai-based Eden Yachting provides privately chartered yachts for the F1 event. The company’s managing partner, Jane Daly, says the F1 is definitely its highlight of the year.

“Some of our clients book for the following year immediately after the F1 finishes, especially if they like a particular yacht or want the pick of the best superyachts,” she says.

Four of the company’s yachts have been booked for the F1, including their biggest – a 50-foot yacht that has been chartered by Etihad for its party.

“We only have one vessel that’s possibly still available at this stage – a 30-metre tri-deck yacht,” says Daly.

As an F1 partygoer herself, she describes the atmosphere as ­“electric”.

“Everyone is in a party mood,” she says. “The twilight race timing is actually perfect, as by the time the cars get off the grid, the yacht parties are in full swing. There is nothing quite like the F1 in the UAE calendar as it attracts an international crowd – great parties and beautiful people in a unique setting.”

• Visit www.edenyachting.ae

Supersize your experience

If you want a yacht with all the trimmings, Walidia Yachts, based in Emirates Palace Marina, offers mega yachts, berthing and five-star catering from Dubai’s Ritz-Carlton hotel. Prices, including hospitality services, start at an eye-watering Dh250,000 for a yacht moored where you can’t even see the race – but who needs that noisy motor racing when you’ve got a giant screen and your own party on deck?

“The most expensive weekend all-in package is Dh1.8 million,” says Walidia Yacht’s spokesman, Khalid Abu Saad. “This is for a 60-metre luxury superyacht in a premium location, which accommodates 80 guests. It has seven bedrooms, a Jacuzzi, DJs, security and a reception. We have one still available.”

Extra services the company provides include pickup and drop-off in a Rolls-Royce Phantom limousine, on-board laser lights and ­watersports.

Saad says Walidia Yachts have regular clients who attend the F1 every year. “They are foreign corporate clients whose offices are based in Dubai and elsewhere, who are big F1 fans,” he says. “They invite their guests and come for the whole weekend.”

• Visit www.walidiayachts.com

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Europe’s rearming plan
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  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
How to volunteer

The UAE volunteers campaign can be reached at www.volunteers.ae , or by calling 800-VOLAE (80086523), or emailing info@volunteers.ae.

Company%20profile
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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.”

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Scores

Day 2

New Zealand 153 & 56-1
Pakistan 227

New Zealand trail by 18 runs with nine wickets remaining

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

COMPANY%20PROFILE
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