When a dozen luminaries of the Arabian, European and Australian motorsports scenes gathered at Abu Dhabi's Formula One circuit this week, you'd never have guessed that the only prize on offer was bragging rights.
But when you pit five top Emirati drivers against another few from around the Gulf, a couple of Formula One drivers and a pair of Aussie V8 Supercar aces, it turns out that bragging rights are more than ample motivation because competitiveness is something all of them have embedded deep in their DNA.
"It's all very friendly," V8 Supercar champion Craig Lowndes explains in a broad Aussie drawl, "but when you jump in the car and put on your helmets, a red mist comes down and everyone wants to win."
The ostensible goal of the Etihad Head2Head Challenge is to showcase the emirate's attractions ahead of November's Formula One race in the UAE - where the V8 Supercars will also be competing - demonstrating that motorsport in Abu Dhabi is much more than a one-trick pony.
So as well as driving Formula Yas 3000 racing cars on Yas Marina Circuit, there was also drag racing, karting, drifting and pit-stop wheel changing competitions.
Earlier, Lowndes and fellow Aussie V8er Lee Holdsworth had done a time trial up the Jebel Hafeet road in their race cars, taken a helicopter tour, pretended to be pilots on the Etihad flight simulator and even tried out - petrolheads, prepare yourselves - non-motorised adventures such as whitewater rafting on a purpose-built course in Al Ain.
What had been a private rivalry between Lowndes and Holdsworth, who regularly race against each other in the Australian V8 Supercars series, took on an international dimension when they joined the other drivers at the Yas circuit on Sunday. While not open to the public, the day will feature on Australian television and on Etihad's in-flight entertainment programming.
Representing the UAE were rally driver Sheikh Khalid Al Qassimi, former karting champions Sheikh Hasher Al Maktoum and Saeed Al Mehairi, this year's 24 Hours of Dubai race class winner Khalid Al Qubaisi and rising Radical Cup star Juma Ali Al Dhaheri.
Other GCC countries were represented by Saeed Almouri, from Saudi Arabia, Raed Raffii, from Bahrain, Hamed Al Wahaibi, from Oman, and a reserve driver, Abdulaziz Al-Kuwari, from Qatar.
Brought in from Europe were former Formula One drivers Mika Salo, a Finnish driver who is a veteran of eight Grand Prix seasons, and former Red Bull driver Tonio Liuzzi, from Italy.
The competition rules were simple: the dozen would be randomly arranged into six teams of two who then tackle a series of motorsport disciplines.
As they emerge from the meeting room where these arranged partnerships have just taken place, there's a vague sense of apprehension. With each of them stepping out of their areas of expertise and mastery, the real bragging rights up for grabs here are showing some of the best drivers in the world who has the raw skill to excel across motorsports disciplines.
And that probably explains why there is a lot of light-hearted banter between them that inevitably is intended to obscure some nervousness as they embark on the first challenge: drag racing.
Some, such as Lowndes, exude a supreme confidence - whether for real or for show - that seems an inescapable part of the character of Australian sportsmen. Others openly voice their concerns about cutting it in a discipline they have never tried before.
There's just one training run before it's time to race for real, with sudden-death elimination for anyone who comes second or jumps the start. By the end of the practice run, that ever-so-slightly nervous banter is mostly replaced by a sense of purpose as teammates confer on what they've learnt and how they can improve their performances. It's not just with their new teammates, though, as former Grand Prix veterans Liuzzi and Salo take time to confer on aspects such as whether it was better to have the Camaros' traction control system engaged or not.
"I tried both," Salo says. "Without traction control is better."
Liuzzi concurs. When asked who he thinks his main competition will be in the Head2Head challenge, he replies: "I see everybody as competition."
He admits that he rates the Aussie V8 drivers as "tough cookies" and also says he expects this section of the challenge to be the most difficult.
"I've never done anything like this."
Elsewhere, Lowndes is telling one of the Emirati drivers how to work the starting system, comprised of a vertical array of lights in red, yellow and green.
"If you wait until green, it's too late," he says. "Yellow and you go. It's really all about reaction time, drag racing. If you get off the lights quickest, you'll get to the end quickest."
The drag racing over, the group moves to Yas Racing School as the afternoon merges into evening and the lights come on at the North Grandstand section of the F1 circuit. The rest of the competition will be based on a truncated version of the Yas Marina Circuit, around the North Grandstand's famous hairpin, and involves kart racing, pit stop tyre-changing challenges, drifting and a sprint race on Yas Formula 3000 single-seater cars.
Instantly, most of the drivers felt more at home, and particularly in the karts, which for many of them was their way into the world of motorsport while they were still boys. Luizzi and Lowndes were both nine years old when they started kart racing, beginning a process that would lead them on respective paths to becoming a Formula One driver and a V8 Supercar champion. Sheikh Hasher's path to being one of the UAE's top drivers included two UAE karting championships.
By the time they emerge from the practice laps and qualifying, all nervousness is gone and there's the buzz of having worked out the track then giving it full throttle. As they pull back into the slip lane outside the racing school, the smiles and laughter are clear even before they remove their helmets.
By the time the 15-minute race is over, there have been a series of epic duels - between Sheikh Hasher and Saeed Al Mehairi, who worked their way from the back of the starting grid to the front of the pack, swapping places right through the race before Al Mehairi, Sheikh Hasher's teammate, finally clinches victory.
Back in the pack, Almouri and Sheikh Khalid are having an even tighter battle. They often appear side by side, clashing the karts' side guards, and using the grass as a short cut.
"This was not an easy race," Al Mehairi admits afterwards. "We had a good start from the beginning. My teammate held me for a few laps. We were battling for the whole race."
By now the lights on the Yas Marina Circuit are lighting up the dusk as the drivers switch to drifting the Camaros around the same circuit just used by the karts and finally a Yas Formula 3000 sprint race.
At the end of a long evening, the bragging rights for the day went to Lowndes and Sheikh Hasher, whose team pipped Salo and Almouri, relegating Liuzzi and Al Wahaibi to third. There are smiles all around, but you can bet there were a few teeth gritting, too.
"There are some amazing names here," says Holdsworth. "To be here among it all is pretty cool. It's friendly competition. But we all want to win."
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
RESULT
Arsenal 0 Chelsea 3
Chelsea: Willian (40'), Batshuayi (42', 49')
If%20you%20go
%3Cp%3E%0DThere%20are%20regular%20flights%20from%20Dubai%20to%20Addis%20Ababa%20with%20Ethiopian%20Airlines%20with%20return%20fares%20from%20Dh1%2C700.%20Nashulai%20Journeys%20offers%20tailormade%20and%20ready%20made%20trips%20in%20Africa%20while%20Tesfa%20Tours%20has%20a%20number%20of%20different%20community%20trekking%20tours%20throughout%20northern%20Ethiopia.%20%20The%20Ben%20Abeba%20Lodge%20has%20rooms%20from%20Dh228%2C%20and%20champions%20a%20programme%20of%20re-forestation%20in%20the%20surrounding%20area.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
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.”
HIV on the rise in the region
A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.
New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.
Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.
Access to HIV testing, treatment and care in the region is well below the global average.
Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
The specs: 2018 Renault Megane
Price, base / as tested Dh52,900 / Dh59,200
Engine 1.6L in-line four-cylinder
Transmission Continuously variable transmission
Power 115hp @ 5,500rpm
Torque 156Nm @ 4,000rpm
Fuel economy, combined 6.6L / 100km
Bawaal%20
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Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
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THE BIO
Favourite place to go to in the UAE: The desert sand dunes, just after some rain
Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude
Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE
Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally
Favourite subjects in school: Mathematics and science
UAE currency: the story behind the money in your pockets