As much as I dearly love Astons, Porsches, Lambos, Audi R8s and all the rest, the Ferrari 458 Italia has been my benchmark sports car since it was launched two years ago.
And here I am, on a cold and windswept roadside staring at its nemesis: a very orange, slightly bland-looking, low-slung piece of genuine British engineering. It's been dissected by the world's motoring press over the past 12 months, with the general consensus being that it's almost - almost - as good as the Italian. The McLaren MP4-12C has had a bit of a rough ride so far at the hands of the press when compared to the Ferrari but now it's my turn to drive it on road and track so I can make up my own mind. Have I ever told you how much I love my job?
Visually, the McLaren isn't the sock to the jaw that the 458 is, even in this orange hue. It's purposeful, it probably won't date very quickly, but it doesn't grab me like some of the other exotica out there. But that isn't really important, is it? What's important is whether this car is a game-changer or simply a really good first attempt.
The road beckons first and I run my finger under the edge of the door to operate the switch that sends it outward and upwards. This does add some visual drama but that's not why McLaren designed it this way. According to the company, these "dihedral" doors "allow driver and passenger to enter and exit the car as easily as possible, while allowing a smaller door opening than would otherwise be necessary". And they save weight, which was one of the main aims of McLaren. Absolutely everything has been designed to be as lightweight as possible, because that's what helps teams win in F1. And that's what McLaren is famous for.
There's a large sill to negotiate (this is part of the carbon fibre tub that makes up the central structure of the car) before I plant my derrière into the 12C's hugging seat. Once in place, I scan my surroundings. It's a functional interior with minimalist design. The steering wheel - unlike Ferrari's - is used for two things only: changing direction and changing gear using the F1-inspired rocker mounted behind it. There's simple, intelligent design everywhere, with all controls within easy reach from the wheel. It's all beautifully constructed using bespoke switchgear you won't find anywhere else and there's a sense of airiness rather than bleak claustrophobia.
I press the starter button and the twin-turbo, 592hp V8 that sits amidships and extremely low down in the car's chassis barks into life. The engine, entirely designed by McLaren, sounds meaty and purposeful, if a little uninspiring, and I select drive from the small array of buttons between the two seats. Easing away and out towards the surrounding roads in Surrey, UK, I'm immediately struck by the ease with which it trundles around at low speeds. It doesn't appear to be straining at all; it's free from drama and histrionics and is as simple to pilot as a Ford Focus.
The other thing that strikes me is just how incredibly well it rides over rough road surfaces. The suspension system is revolutionary, using actual F1 technology combining adaptive damping with hydraulic roll control, and this makes for a ride quality not dissimilar to a Merc S-Class. It's incredibly refined. It's also pretty quiet in here until I hit the sport button, tug on the left-hand paddle for second gear and floor it. Suddenly, the entire character of the car changes; the noise becomes a full-throated roar and what was a fairly straight stretch of empty road is devoured in an instant.
I'm flabbergasted, speechless. The speed with which the 12C gathers pace is shocking, as is the ease with which it tackles difficult corners even when the road surface is pitifully poor. So far it's been every bit as thrilling as the 458 but I need to get back so I can put it through its paces on a track. Not any old track, but the circuit at Dunsfold Aerodrome - famous to millions around the world as the Top Gear test track. Yep, I'm going to be hammering it round Hammerhead, trying to not experience any follow through on the Follow-through or losing it on Gambon.
The sky is leaden and there's snow on the surrounding landscape but thankfully the track surface is reasonably dry. It's extremely cold, though, so my instructor wastes no time in climbing in to show me round the track. It's basically a figure of eight but there are precious few visual markers for you to get your bearings, so I can fully understand how some of the track's more famous visitors have got lost on the way round.
I carry out four quick laps to familiarise myself with the layout, trying not to be mesmerised by where I am. The most obvious Top Gear association is Follow-through, which is a high-speed left-hand corner, marked by a wall of tyres. Lift off here and you really will experience follow through - never has a race track corner been more aptly named and I'm having to pinch myself. Yes, I really am here. Yes, I really am doing this.
The car is rigged with cameras and data loggers to record my every movement and I'm feeling nervous. My passenger, one of McLaren's test drivers, talks me through another lap and I pile on the speed. What was a comfortable and refined cruiser on the public road is now a scalpel-sharp weapon and all that race-bred technology is baring its teeth. The powertrain and handling rotary switches have been set to track mode and the noise is even more heady than before. The suspension is firmer and the 12C feels like a car built by one of the most successful F1 teams in history should feel.
My first timed lap comes up at 1:26.85 - not too shabby. I shave another second off that time with the second lap but on the third I overcook it, exiting Chicago and the rear of the car goes wide, with the tyres screaming in protest before the computers sort me out. 1:28.11 is the time, so my mishap has cost me almost three seconds. Then it all starts to come together. My lines are spot on, I'm carrying more speed into corners and using the superb brakes to better effect. Result? 1:25.25, which turns out to be the fastest lap set by any of the journalists here today and quicker than The Stig managed it in a 911 Turbo. Result indeed.
Fun over, I return to base and I'm offered a couple of hot laps with another instructor. Knowing full well that my smug self-satisfaction will take a hammering with an expert behind the wheel, I reluctantly climb in and he really shows me how it's done. He throttles the 12C in the way its maker intended, obliterating my best lap time by nine whole seconds. I am officially in awe. I'm in awe, not only of this man's incredible skill, but in the way this car can tackle absolutely anything that's thrown at it. A 458 might feel more lively, more keen to kick out its tail, but it's no match for this thing around a circuit. Oversteer is fun all right, but it's not time-effective, so McLaren has engineered this machine to operate at maximum efficiency at all times. It's a towering achievement and a happy pointer to what the next McLaren models will be like.
Yes, I want one. It's undoubtedly quicker than the 458, even if only slightly. It's more comfortable and almost as practical as a 911 Turbo and it's better on a track than a GT3. In fact, for me, right here, right now, it's the greatest sports car there is. If it just looked a bit more dramatic I'd be seriously considering selling everything I own for one. It really is that good. Ferrari, over to you.
SECRET%20INVASION
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Moral education needed in a 'rapidly changing world'
Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.
Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.
"Moral education touches on every aspect and subject that children engage in.
"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.
"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."
First Person
Richard Flanagan
Chatto & Windus
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
How%20to%20avoid%20getting%20scammed
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
The biog
Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza
Hobby: Running and watching Welsh rugby
Travel destination: Cyprus in the summer
Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
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.”
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
COMPANY%20PROFILE
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MATCH INFO
Uefa Champions League, semi-final result:
Liverpool 4-0 Barcelona
Liverpool win 4-3 on aggregate
Champions Legaue final: June 1, Madrid
KEY DEVELOPMENTS IN MARITIME DISPUTE
2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.
2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus
2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.
2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.
AT%20A%20GLANCE
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Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
COMPANY%20PROFILE
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Leaderboard
63 - Mike Lorenzo-Vera (FRA)
64 - Rory McIlroy (NIR)
66 - Jon Rahm (ESP)
67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)
68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)
69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)
NEW%20PRICING%20SCHEME%20FOR%20APPLE%20MUSIC%2C%20TV%2B%20AND%20ONE
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets
SERIE A FIXTURES
Saturday Benevento v Atalanta (2pm), Genoa v Bologna (5pm), AC Milan v Torino (7.45pm)
Sunday Roma v Inter Milan (3.30pm), Udinese v Napoli, Hellas Verona v Crotone, Parma v Lazio (2pm), Fiorentina v Cagliari (9pm), Juventus v Sassuolo (11.45pm)
Monday Spezia v Sampdoria (11.45pm)
Kibsons%20Cares
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GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
SERIE A FIXTURES
Friday Sassuolo v Benevento (Kick-off 11.45pm)
Saturday Crotone v Spezia (6pm), Torino v Udinese (9pm), Lazio v Verona (11.45pm)
Sunday Cagliari v Inter Milan (3.30pm), Atalanta v Fiorentina (6pm), Napoli v Sampdoria (6pm), Bologna v Roma (6pm), Genoa v Juventus (9pm), AC Milan v Parma (11.45pm)
The National photo project
Chris Whiteoak, a photographer at The National, spent months taking some of Jacqui Allan's props around the UAE, positioning them perfectly in front of some of the country's most recognisable landmarks. He placed a pirate on Kite Beach, in front of the Burj Al Arab, the Cheshire Cat from Alice in Wonderland at the Burj Khalifa, and brought one of Allan's snails (Freddie, which represents her grandfather) to the Dubai Frame. In Abu Dhabi, a dinosaur went to Al Ain's Jebel Hafeet. And a flamingo was taken all the way to the Hatta Mountains. This special project suitably brings to life the quirky nature of Allan's prop shop (and Allan herself!).
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5