• McLaren has launched the 720S Spider, which will be joined by at least two more local reveals in the coming months. All photos: Damien Reid
    McLaren has launched the 720S Spider, which will be joined by at least two more local reveals in the coming months. All photos: Damien Reid
  • When it comes to comfort and convenience, McLaren has always been about the driver first
    When it comes to comfort and convenience, McLaren has always been about the driver first
  • Suspension and performance settings take priority over the stereo, climate and navigation
    Suspension and performance settings take priority over the stereo, climate and navigation
  • There’s little in the way of storage or convenience for the passenger, with no glovebox for example
    There’s little in the way of storage or convenience for the passenger, with no glovebox for example
  • The driver enjoys a no-compromise dash with McLaren’s traditional steering that’s free of buttons and other distractions
    The driver enjoys a no-compromise dash with McLaren’s traditional steering that’s free of buttons and other distractions
  • The 720S was designed in unison with the closed coupe version so that even without a roof, it remains just as rigid
    The 720S was designed in unison with the closed coupe version so that even without a roof, it remains just as rigid
  • A view from behind
    A view from behind
  • If it’s too hot, you can keep the roof closed and drop the letterbox rear window
    If it’s too hot, you can keep the roof closed and drop the letterbox rear window
  • The 720S Spider still offers power-adjustable leather seats
    The 720S Spider still offers power-adjustable leather seats
  • Easy-to-use, hard-fixed buttons and dials are bundled together in an 18cm touchscreen
    Easy-to-use, hard-fixed buttons and dials are bundled together in an 18cm touchscreen
  • The 720S Coupe has a mid-mounted, four-litre, twin-turbocharged V8 engine located inches behind the driver’s seat
    The 720S Coupe has a mid-mounted, four-litre, twin-turbocharged V8 engine located inches behind the driver’s seat
  • McLaren is riding a wave at the moment delivering products like the track-focused 765LT and Elva speedster that are still on the way
    McLaren is riding a wave at the moment delivering products like the track-focused 765LT and Elva speedster that are still on the way

McLaren is riding a wave with its new 720S Spider and two more models on the way


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McLaren made a promise at its 2010 launch that it would release 10 new cars in 10 years which was, to say the least, ambitious for what was effectively a start-up supercar company.

McLaren has enjoyed great track success, second only to Ferrari as the most successful team in Formula One, but is still a relative newcomer by comparison in terms of road cars. Yet, in 2021, the company is delivering on its promise with another new model, the 720S Spider, which will be joined by at least two more local reveals in the coming months.

The one characteristic that has flowed from the very first 12C McLaren launched in mid-2011 is simplicity and a minimalistic approach to the cockpit with its emphasis on the driver. In that regard, it’s a more selfish proposition than Ferrari, which is more luxury-focused from behind the wheel.

I enjoyed most of my time in the 720S Spider, plodding around at slow speeds, soaking up the engine rasps and whistles from the turbos

On the road, it’s a different matter, as they are line-ball in the performance stakes. When it comes to comforts and convenience, McLaren has always been about the driver first.

While there’s little in the way of storage or convenience for the passenger, with no glovebox for example, the driver enjoys a no-compromise dash with McLaren’s traditional steering that’s free of buttons and other distractions.

Suspension and performance settings take priority over the stereo, climate and navigation, with easy-to-use, hard-fixed buttons and dials compared to the latter features that are bundled together in a 7.0-inch touchscreen.

It’s not a completely stripped-out hull, though, as the 720S Spider still offers power-adjustable leather seats matched to Alcantara on other surfaces and a 12-speaker Bowers & Wilkins stereo as well as two USB ports.

As if the 720S Coupe didn’t tickle the senses enough with its mid-mounted, four-litre, twin-turbocharged V8 engine located inches behind the driver’s seat, the 2021 Spider amps it up to 11 when you drop the roof and cop the full acoustic experience complete with engine heat.

If it’s too hot, you can keep the roof closed and drop the letterbox rear window to let that sound blast the interior with full surround-sound effect. Conversation, however, will be non-existent.

Like the 650S Spider before it, the 720S was designed in unison with the closed coupe version so that even without a roof, it remains just as rigid and therefore doesn’t lose an ounce of handling or performance to its hard-topped sibling.

The McLaren 720S Spider is only one of the new models the supercar company is planning to launch. Photo: Damien Reid
The McLaren 720S Spider is only one of the new models the supercar company is planning to launch. Photo: Damien Reid

It’s a car that can be driven at 325 kilometres per hour with the roof down and 341kph with the roof sealed if you ever find a legal space long enough and someone prepared to risk the eye-watering speed to try it.

For the Middle East, an electrochromic glass roof that flicks from a heavy 90 per cent tint to clear glass with the push of a button is a must and when the weather’s right, the whole structure folds away in 11 seconds at up to 50kph.

A few other essential items owners will need to tick on the options list are its front-end vehicle lift that lets you raise the nose at low speeds for speed humps, 360-degree Park Assist and rear parking sensors.

Its deep rear diffuser becomes the lowest part of the car when the nose is raised and is vulnerable to kerbs and cement parking blocks when reversing. Thankfully, the Spider weighs only 1,332 kilograms, so you can leave it in neutral on flat surfaces and pull it back by hand to avoid scraping the diffuser when parking.

Its carbon fibre monocage is virtually the same structural unit from the coupe, save for a new carbon rear frame behind the seats for the roof, which means that the overall package including roof motors is only 49kg heavier than the coupe.

The impact of the extra kilos is virtually nil as the Spider loses just 0.1 seconds to 200kph, getting there in under eight seconds and has the same top speed.

The 710 brake horsepower, twin-turbo V8 and seven-speed paddle-shift, dual-clutch automatic transmission carry over unchanged, meaning that the sensation is just as dramatic as the coupe with the roof up and absolutely explosive with the top down.

And just like the hardtop, it also likes a solid drink of premium octane unleaded even at cruising pace. After 285km of mostly pedestrian driving around town, I needed to replenish its 72-litre petrol tank.

Given the speed of the fuel gauge, I enjoyed most of my time in the 720S Spider, plodding around at slow speeds, soaking up the engine rasps and whistles from the turbos but without any of the low-speed melodrama other supercars like to dish up at normal road pace. Thankfully, too, the temperature gauge behaved as well during the afternoon rush-hour crawl.

Leave the engine mode in the Comfort setting with the transmission in Drive, and it will pull cleanly through to sixth gear by 50kph and yet open the taps and the car will just about rip your face off at 250kph, showing that the flexibility is there but the choice is always yours.

McLaren is riding a wave at the moment delivering products such as the track-focused 765LT and Elva speedster that are still on the way, eclipsing its Italian competitors for desirability and driveability.

The fact that in virtually every area, the McLaren 720S Spider has lost nothing to its closed coupe sibling but adds the rawness of open-topped fun only adds to its appeal.

The specs

Engine: 3.9-litre twin-turbo V8

Transmission: 7-speed auto

Power: 710bhp

Torque: 770Nm

0-100kph: 2.8 seconds

0-200kph: 7.9 seconds

Top speed: 341kph

Price: Dh1,309,400

The%20specs
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Cheeseburger%20ingredients
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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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Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Charlotte Gainsbourg

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Director: Tushar Hiranandani
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Rating: 3.5/5 stars

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.3-litre%20turbo%204-cyl%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E298hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E452Nm%3Cbr%3E%3Cstrong%3ETowing%20capacity%3A%20%3C%2Fstrong%3E3.4-tonne%3Cbr%3E%3Cstrong%3EPayload%3A%20%3C%2Fstrong%3E4WD%20%E2%80%93%20776kg%3B%20Rear-wheel%20drive%20819kg%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EPrice%3A%20Dh138%2C945%20(XLT)%20Dh193%2C095%20(Wildtrak)%3Cbr%3E%3Cstrong%3EDelivery%3A%3C%2Fstrong%3E%20from%20August%3C%2Fp%3E%0A
The specs: 2019 BMW X4

Price, base / as tested: Dh276,675 / Dh346,800

Engine: 3.0-litre turbocharged in-line six-cylinder

Transmission: Eight-speed automatic

Power: 354hp @ 5,500rpm

Torque: 500Nm @ 1,550rpm

Fuel economy, combined: 9.0L / 100km

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How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

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Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)

England 365 all out, 48.5 overs (J Bairstow 105, A Hales 52; M Watt 3-55)

Result: Scotland won by six runs

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5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Updated: November 08, 2021, 10:05 PM