Pole Position: Safety is paramount when driving in the UAE



Having recovered from the first national race weekend, I got to do something completely different last week. And I rather enjoyed it.I was invited by top sponsorship, marketing and events agency KHP Consulting to help out with their "Yasalam Responsibly" road safety campaign.
They assembled a team of experts and local motorsport heroes to visit high schools and universities across Abu Dhabi to talk about the importance of being responsible road users.
The idea was to help raise their awareness of common driving hazards and, crucially, to persuade them to watch out for their friends and family when they are on the roads. I know how cross I get if a taxi driver answers his phone while driving or if his seat belts don't work properly.
The students were also asked to create their own road safety campaign that they have been invited to present on November 4 at the F1 FanZone on the Abu Dhabi Corniche.
I had the pleasure of presenting to some very bright and attentive students at the Abu Dhabi International School and to undergraduates at New York University (NYU). We also had 18-year-old Formula Gulf 1000 racing driver Mohamed Al Mutawaa talk about the important role of safety equipment, focus and concentration relative to safety when driving.
The statistics absolutely floored everyone present.
Worldwide, there are 3,200 deaths from traffic accidents every day. That's one every 27 seconds. The combination of not wearing seat belts, excessive speed and lack of care is a lethal cocktail. I simply cannot understand why anyone would not wear a seat belt or not restrain their child in their seat. A 45kph collision without a seat belt is the equivalent of falling off a six-storey building.
The Abu Dhabi emirate has one of the world's highest rates of road deaths, only slightly behind the African continent, with an average of 38 deaths per month due to traffic accidents. We cannot easily see people not wearing seat belts, but what is very noticeable is that most children are not restrained - this is clearly irresponsible behaviour and should be heavily monitored and penalised.
Given we were talking with young people, the subject moved onto the negative impact of technology. Text messaging while driving has become the new killer. Race drivers know that concentration is key to good driving. Tellingly, Abu Dhabi Police revealed that, in the three days BlackBerry messaging service was down, the city saw a 40 per cent drop in accidents.
While speed limits on major roads are designed to stop you from killing yourself, speed limits in residential areas are there to stop you from killing someone else. Hitting a pedestrian at 65kph kills them 80 per cent of the time, while a 50kph collision reduces fatalities to 20 per cent. A 1kph decrease in speed produces a five per cent reduction in fatalities.
However, the campaign was more focused on hope than fear. Henry Bradley, an NYU student, saw past numbers. "Given the shocking statistics of traffic fatalities in Abu Dhabi, it's comforting to know there's a force acting to try and correct that," he said.
Barry Hope is a director of GulfSport Racing, which is hoping to find an Arab F1 driver through the FG1000 race series. Join the UAE racing community online at www.gulf-sport.com or on Facebook at GulfSportRacing.

UAE currency: the story behind the money in your pockets

Rainbow

Kesha

(Kemosabe)

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Cricket World Cup League 2

UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs

UAE fixtures
Free admission. All fixtures broadcast live on icc.tv

Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium

MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

What are the main cyber security threats?

Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
War and the virus

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.”

Racecard
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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.