The Jaguar XE at its world premiere at Earls Court in London. The company’s new entry-level model, which was launched with a grandiose ceremony, aims to help Jaguar compete with unit-shifters from BMW and Audi. Courtesy of Jaguar
The Jaguar XE at its world premiere at Earls Court in London. The company’s new entry-level model, which was launched with a grandiose ceremony, aims to help Jaguar compete with unit-shifters from BMWShow more

Inside job: report from the glittering Jaguar XE world unveiling in London



The onslaught begins as soon as my driver approaches London. Huge advertising posters line the route, telling tens of thousands of motorists that the time is nearing for a new Jaguar. Such is the way with marketing campaigns these days, there’s a hashtag that they want us all to key into the world’s social-media channels: #feelxe – because Jag, you know, wants you to get a bit excited about its new car and go mental on Twitter, Facebook and Instagram. Sometimes you should be careful what you wish for.

Along with hundreds of journalists from all over the world, I’ve been flown to the English capital to witness first-hand the unveiling of the XE – the sports saloon that Jaguar is pinning practically all its hopes on until the real volume seller, its SUV, comes along in two or three years. The extravaganza is due to take place at the Earls Court Exhibition Centre, the venue for so many of Jaguar’s previous model debuts – because Britain’s long-defunct ­motor show used to be held there.

We’ve been drip-fed information titbits for days, with the promise of mixing it up with celebrities, live music and entertainment like we’ve never before experienced. Oh, and we’ll be the first in the world to see the XE in the metal, and there’ll be a strictly enforced embargo of 8.10pm on the night, after which we’ll be free to post photos and details on our blogs, websites, Twitter feeds and all the rest. Jaguar won’t tolerate anyone stealing its thunder – that message is made loud and clear.

The main message being heard here, though, is that the XE is a huge deal for its maker. It might come as a surprise for you to learn that, despite its rich history, its vastly improved reliability ratings, its range of extraordinarily good models, the undeniable beauty of its designs and the performance on offer from its hottest machines, that Jaguar still only sells about half the number of units that Porsche shifts each year. And that has to change if Jaguar is to survive – it really is as simple as that. It needs a car for the masses, a vehicle that can jump into the ring and fight it out with BMW’s 3 Series and Audi’s A4. If Jaguar can’t make this work, then perhaps there really is no hope, so the XE had better be a belter.

Early signs are extremely positive. The morning before the unveiling, we hacks are summoned to a press briefing that consists of technical seminars where the guys in charge of various aspects of the XE’s development explain what will set the car apart from its perceived rivals.

First and foremost, the XE is a sports car that just happens to have four doors. All variants will be rear-wheel drive and the Middle East will initially get the S model (let’s just hope the badging has been carefully thought out), which has the 3.0L, supercharged V6 from the F-Type – a huge advantage for the XE, because it’s a masterpiece of an engine that provides electrifying performance and a soundtrack your ears were made for. To know that thing will be powering a saloon car is excellent news.

Another unanticipated delight is that the XE S (see what I mean?) will be offered with either an eight-speed automatic gearbox or, and this really is music to my ears, a six-speed manual. It’s formed from 75 per cent aluminium – a new high-strength grade, most of which is recycled, meaning it’s light, stiff and environmentally sensitive. Other markets will be offered a diesel that, Jaguar claims, achieves CO2 emissions of just 99 grams/100km (take that, hybrids) and combined fuel economy of 3.76L/100km. No, those numbers are not typos.

Also, this Jaguar will be fitted with a state-of-the-art infotainment system that banishes to the dustbin the infuriating tech that blights even the F-Type. The XE is a car that will appeal to geeks as well as drivers, with previously unseen levels of connectivity between car and smartphone.

The S will have on tap some 340hp and 450Nm of twist, will be able to crack 100kph from rest in 5.1 seconds and then power on to a governed top speed of 250kph. Speak nicely to someone with the necessary software to liberate its true maximum and you’re probably looking at a car that can keep up with a Porsche 911. And, while pricing is yet to be set for the UAE, in the United Kingdom you’ll be able to get an XE for as little as £27,000 (Dh161,129) – loose change for a car that supposedly offers so much in the way of practicality, performance, driving dynamics and sheer beauty.

Ah yes, we still don’t know what it actually looks like, but that will be sorted out tonight, when we’ll see it before anyone else and the package will be complete. As a fan of Jaguar (I’ve owned two in my time), I have to admit that I’m really looking forward to seeing its new saviour, but I’m also beginning to worry that the unveiling will be a bit of a shambles.

The dress code, we’ve been advised, is “London Cool” – alarm bells are beginning to sound in my head, for I fear this is going to be less about the actual car and more about fashionable celebrities on the red carpet. I’ve been to celeb-fests with car companies before (Audi always seems to get the balance just right), but in recent times both Jaguar and Land Rover have embarrassed themselves by putting more faith in the draw of actors, singers and sportsmen/ women than in the products they’re putting into the spotlight.

It’s a worrying development in the industry. The masses might hang off every word uttered by a woman called Kardashian, but are those people really Jaguar’s target market? Do BMW, Audi, Mercedes-Benz, Lexus, Infiniti or even the likes of Ford, Honda, Fiat, GM or Chrysler depend on the so-called endorsement of celebrities to get their cars noticed? When Sir William Lyons first showed off the E-Type – which has become one of the few truly iconic cars of all time – at the Geneva Motor Show in 1961, did he feel the need to ask Cliff Richard or Dizzy Gillespie to perform ditties beforehand, to ensure the media gave it some exposure? No, Lyons knew very well that the car he was debuting was the best of its kind and that certainty is what got the masses frothing at their collective mouths.

The XE’s public unveiling, however, turns out to be the very antithesis of restrained, elegant confidence. There’s a red carpet rolled out and up the steps into the Earls Court entrance foyer, but only those deemed worthy are permitted to walk it. The celebs (and there are plenty) are given white wristbands that grant them entry to the special enclosure (a tall hedge, no less, to keep prying eyes at bay), but not before they’re photographed in front of the “XE wall” like they’re attending the premiere of some Hollywood ­blockbuster.

After a short while, we’re herded into an auditorium of sorts, where we’re subjected to what can only be described as “XE: The Musical”: a 90-minute, self-indulgent, West End-style performance by bit-part actors, members of the Royal Ballet, Emeli Sandé and the Kaiser Chiefs. The story, which seems like it will never end, is loosely based on the life and times of Jaguar’s current design chief, Ian Callum, and it jumps from the present to the past and back again in a bewildering performance that has the assembled hacks taking to Twitter to vent their disbelief.

The whole thing draws out to the point that, by the time we finally get to see the car, the embargo expired an hour ago. The whole world has seen the XE before we have.

The car itself (yes, it’s nice to look at, but hardly revolutionary) has been flown across London suspended from a helicopter, in a stunt that Aston Martin pulled off in Dubai 18 months ago, before being sailed up the Thames on a motorised launch and driven into Earls Court to rapturous applause, while a teary-eyed Callum addresses the throngs to talk design.

It’s a pity that Jaguar has felt the need to put on these shenanigans, because the car should be strong enough to speak for itself – and, indeed, it looks like it should be able to do the job it’s supposed to. The reported cost of tonight’s show is some Dh25 million (not counting the spend on transporting everyone from all four corners of the world and putting them up in the finest hotels Knightsbridge has to offer). And that, more than anything else, is what leaves me scratching my head.

Just five years ago, Jaguar Land Rover looked like it was through. On the verge of extinction, thanks to the global financial crisis, it laid off huge swathes of its workforce; many people I personally know within the company were staring unemployment right in the face. Yet it has bounced back in spectacular fashion and now cannot keep up with customer demand, because of one thing: its range of cars. Jaguar and Land Rover have no need for such fanfare. Let the cars shine; let them speak for themselves, if they’re as good as they’re made out to be.

As those of us in the audience file out to queue for some bite-sized portions of classic British cuisine (the gourmet fish ’n’ chips are excellent), the celebs are whisked off to a barge on the Thames, where they witness Sandé perform a set that includes (I kid you not) a song inspired by the XE. It’s all rather puzzling, not least because the very people being catered to are here because it’s in their interests, not Jaguar’s.

Would they be likely to dig into their own pockets to fund one of these cars? I doubt it. Would you or I? If it’s as good to drive as it looks, and as its specification suggests, then, yes, we possibly would. The XE is, without a doubt, the most important Jaguar in history and, when the celebrity gossip mags are sent to be pulped and recycled, the photos from tonight’s hoopla will be all but forgotten. The XE’s true impact will be felt when it’s seen on the streets and in the showrooms; when it’s being driven by a new breed of customer that previously hankered after a 3 Series.

That’s the very best sort of publicity – and it doesn’t cost a penny.

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'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

ALRAWABI SCHOOL FOR GIRLS

Creator: Tima Shomali

Starring: Tara Abboud, Kira Yaghnam, Tara Atalla

Rating: 4/5

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Coming soon

Torno Subito by Massimo Bottura

When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.

Akira Back Dubai

Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as,  “an innovative Japanese cuisine prepared with a Korean accent”.

Dinner by Heston Blumenthal

The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems. 

Aggro Dr1ft

Director: Harmony Korine
Stars: Jordi Molla, Travis Scott
Rating: 2/5

The Old Slave and the Mastiff

Patrick Chamoiseau

Translated from the French and Creole by Linda Coverdale

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.”

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

Law 41.9.4 of men’s T20I playing conditions

The fielding side shall be ready to start each over within 60 seconds of the previous over being completed.
An electronic clock will be displayed at the ground that counts down seconds from 60 to zero.
The clock is not required or, if already started, can be cancelled if:
• A new batter comes to the wicket between overs.
• An official drinks interval has been called.
• The umpires have approved the on field treatment of an injury to a batter or fielder.
• The time lost is for any circumstances beyond the control of the fielding side.
• The third umpire starts the clock either when the ball has become dead at the end of the previous over, or a review has been completed.
• The team gets two warnings if they are not ready to start overs after the clock reaches zero.
• On the third and any subsequent occasion in an innings, the bowler’s end umpire awards five runs.

SPECS

Engine: 2.4-litre 4-cylinder turbo hybrid
Power: 366hp
Torque: 550Nm
Transmission: Six-speed auto
Price: From Dh360,000
Available: Now

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

The biog

Name: Fareed Lafta

Age: 40

From: Baghdad, Iraq

Mission: Promote world peace

Favourite poet: Al Mutanabbi

Role models: His parents 

The specs

Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 7-speed dual-clutch auto
Fuel consumption: 10.5L/100km
On sale: Now
Price: From Dh129,999 (VX Luxury); from Dh149,999 (VX Black Gold)

Star Wars: Episode I – The Phantom Menace

Developer: Big Ape Productions
Publisher: LucasArts
Consoles: PC, PlayStation
Rating: 2/5

UAE currency: the story behind the money in your pockets
ILT20 UAE stars

LEADING RUN SCORERS
1 Nicholas Pooran, 261
2 Muhammad Waseem (UAE), 248
3 Chris Lynn, 244
4 Johnson Charles, 232
5 Kusal Perera, 230

BEST BOWLING AVERAGE
(minimum 10 overs bowled)
1 Zuhaib Zubair (UAE), 9 wickets at 12.44
2 Mohammed Rohid (UAE), 7 at 13.00

3 Fazalhaq Farooqi, 17 at 13.05
4 Waqar Salamkheil, 10 at 14.08
5 Aayan Khan (UAE), 4 at 15.50
6 Wanindu Hasaranga, 12 at 16.25
7 Mohammed Jawadullah (UAE), 10 at 17.00

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

The specs: 2018 Opel Mokka X

Price, as tested: Dh84,000

Engine: 1.4L, four-cylinder turbo

Transmission: Six-speed auto

Power: 142hp at 4,900rpm

Torque: 200Nm at 1,850rpm

Fuel economy, combined: 6.5L / 100km

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

The specs

Engine: 1.8-litre 4-cyl turbo
Power: 190hp at 5,200rpm
Torque: 320Nm from 1,800-5,000rpm
Transmission: Seven-speed dual-clutch auto
Fuel consumption: 6.7L/100km
Price: From Dh111,195
On sale: Now

Contracted list

Ashton Agar, Alex Carey, Pat Cummins, Aaron Finch, Peter Handscomb, Josh Hazlewood, Travis Head, Usman Khawaja, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Mitchell Marsh, Tim Paine, Matt Renshaw, Jhye Richardson, Kane Richardson, Billy Stanlake, Mitchell Starc, Marcus Stoinis, Andrew Tye.

Need to know

When: October 17 until November 10

Cost: Entry is free but some events require prior registration

Where: Various locations including National Theatre (Abu Dhabi), Abu Dhabi Cultural Center, Zayed University Promenade, Beach Rotana (Abu Dhabi), Vox Cinemas at Yas Mall, Sharjah Youth Center

What: The Korea Festival will feature art exhibitions, a B-boy dance show, a mini K-pop concert, traditional dance and music performances, food tastings, a beauty seminar, and more.

For more information: www.koreafestivaluae.com

Scores

Bournemouth 0-4 Liverpool
Arsenal 1-0 Huddersfield Town
Burnley 1-0 Brighton
Manchester United 4-1 Fulham
West Ham 3-2 Crystal Palace

Saturday fixtures:
Chelsea v Manchester City, 9.30pm (UAE)
Leicester City v Tottenham Hotspur, 11.45pm (UAE)

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside


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