The Lexus RX 350 focuses on comfort, luxury and technology but it proved a capable hill-climber on the steep gravel road drive to Oman's Zighy Bay.
The Lexus RX 350 focuses on comfort, luxury and technology but it proved a capable hill-climber on the steep gravel road drive to Oman's Zighy Bay.
The Lexus RX 350 focuses on comfort, luxury and technology but it proved a capable hill-climber on the steep gravel road drive to Oman's Zighy Bay.
The Lexus RX 350 focuses on comfort, luxury and technology but it proved a capable hill-climber on the steep gravel road drive to Oman's Zighy Bay.

Lexus RX350


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Long car journeys have probably changed somewhat since I was a child in the 1980s. I remember countless six-hour car trips from my Australian birthplace, Wagga Wagga (Aboriginal for "place of many crows") to Sydney with Dad, and occasionally Mum, driving a 1980 Volvo 240 GL in yellow. Special features included a brown interior, no AC and a guaranteed bout of motion sickness on winding roads. We had the radio and the tape player for entertainment, along with games of I Spy, where my younger sister used to come up with such surreal gems as "I spy with my little eye something beginning with 'A'"; the answer would be "atmosphere".

Yes, good times indeed. Kids today, however, probably don't know the joys of I Spy or listening to Rod Stewart as the miles roll by. Not when you spy with your little eye a pop-down TV screen whenever you pull up behind an SUV at the lights. There's Hannah Montana or Kung Fu Panda or whatever the kids are into dancing away and all I can do is shake my head and hope that the screen is not distracting the driver.

The Lexus RX 350 crossover SUV goes a step further with separate screens with separate DVD players on the back of the two front seats. Marvellous. With such technology in Dad's old Volvo, I could have watched Grease another 200 times and my sister could have engrossed herself in Play School. We would have each been plugged into our own set of headphones, retreated into our own little worlds and had fewer backseat arguments.

While my mother would argue that such technology is the death of family conversation, the reality is that this is the sort of luxury feature that is fast becoming standard on family cars. The market expects it. At the luxury end of the market at which Lexus is pitching, there is also the expectation of impeccable finishings, wood panelling, leather, sat nav, adaptive cruise control and a screen in the middle of the dash that will tell you everything from fuel consumption stats to the latest news from outer Mongolia.

The exterior lines of the RX 350 follow the same trend amongst crossovers and small-to-mid-sized SUVs as the Porsche Cayenne, the BMW X6 and the Infiniti FX 50. These cars are similarly ovoid with the curves punctuated by sharp angles with the lights, windows and door handles. It makes for a sleek, streamlined look in the RX 350 as well as the competition, as opposed to the chunkier lines of the serious off-roaders such as Nissan Patrol, Toyota Landcruiser and, until the neutered design of the newest model rolled off the assembly line, the Mitsubishi Pajero.

Felix Welch, general manager for Al Futtaim, the distributor of Lexus, says the RX 350 is capable in off-road conditions and hopes to put the cars to the test in conditions more trying than the road to Oman's Zighy Bay, where the test-drive took place. While I admire his optimism, I'm not convinced the car has the ground clearance or the right gearbox for a serious dune bash. Despite the lack of a low-range option, the gearbox, a six-speed automatic with a sequential option, is incredibly smooth. As my co-driver and I crossed the border from Dibba into Oman, the road changed from sleek UAE highways to gravel, bumps and then a winding climb up a narrow path to get to lunch at a restaurant 273m above sea level. The RX 350 did not once groan in protest at being taken from tarred familiarity to a far more rugged stretch. The gear changes were perfectly timed for the speed and the steepness of the terrain.

It probably doesn't matter that this will never be a truly rugged off-road desert warrior - the car is about comfortable luxury for the whole family. As a passenger, the seats are wonderfully comfortable and the standard stereo is pretty darn good (for those who want to listen to music, old school-style, rather than watch a newfangled DVD). Not so good was the lack of an iPod connection, which alarmed some of my fellow drivers on the road trip. That may be something Lexus might want to consider for the next model seeing as it can be found on far less plush vehicles.

As a passenger in the vehicle, as I was for the first leg of the drive, I was struck by the quietness of the ride but didn't really appreciate the power of this car. Like many luxurious cars, you don't realise how fast you are going until you are behind the wheel. But when I got behind the wheel, I found that not only is it a good hill-climber and a stable hill descender, but on the open road, it has terrific pick-up and holds its own amongst the fast- moving highway traffic.

Another nice feature is the head-up display that keeps your speed projected onto the windscreen. It takes a wee bit of getting used to, but once it becomes part of your overall view from the cockpit it is amazing how safer you feel by being able to quickly check the speed without even the slightest downward head movement to look at the regular speedometer. It is these little touches, along with the great Lexus quality control and commitment to creating a luxurious and comfortable family car that will make the RX 350 a success in the UAE. It won't necessarily stir the passions of luxury car lovers in the same way that a Bentley or a Rolls-Royce might, but in these downsized, cost-cutting times, the RX 350 offers a comfortable, more affordable alternative.

glewis@thenational.ae

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Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

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.”

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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