The specs
Engine: 2.9-litre twin-turbo V6
Power: 540hp at 6,500rpm
Torque: 600Nm at 2,500rpm
Transmission: Eight-speed auto
Kerb weight: 1580kg
Price: From Dh750k
On sale: via special order
GTA. Just three letters, yet immensely significant when applied as a suffix to an Alfa Romeo. The acronym is shorthand for Gran Turismo Alleggerita, which translates to Grand Touring Lightened. Add a little “m” – for Modificata, meaning modified – on the end (as in GTAm), and the result is a monstrous-looking sedan that annihilates the distance-over-time equation.
Only 500 cars to be built
The first Alfa Romeo to wear this nomenclature was the Giulia GTA, born in 1965. Although it looked like a standard road-going Giulia GT, the GTA was conceived with an overt motorsport focus, with drivetrain and suspension uprated accordingly and every excess gram pared from the car.
The spirit of this historic lightweight special has now been reprised on the modern-day Giulia GTA and GTAm, of which a combined total of only 500 units will be built. Available only via special order, pricing starts at an eye-watering Dh750,000, but this sizeable outlay gets you a car that's quicker across a mountain road or racetrack than, arguably, anything else with four doors.
Power play
As with almost every go-faster special, the revamp begins with an uprated engine that pumps out 540hp (a 30hp bump over the already rapid Giulia Quadrifoglio), achieved primarily via a remapped ECU, redesigned con rods and a free-flow Akrapovic titanium exhaust. The power hike is offset by an aerodynamic kit that adds up to 300 kilograms of downforce, while stiffer springs and dampers, and revised suspension geometry deliver sharper responses and higher cornering thresholds.
Befitting their performance capabilities, the GTA and GTAm have a bodybuilder stance as their pumped guards are filled by widened wheel tracks (by 50 millimetres at the rear and 25mm at the front). Stuffed within the wheel arches are 20-inch rims shod with chunky Michelin Pilot Sport Cup 2 tyres and housed within these are massive Brembo carbon-ceramic brakes.
Crucially, the GTAm trims more than 100kg of girth vis-a-vis the Quadrifoglio, thanks to a lightweight carbon-fibre bonnet, front bumpers and fenders. Also fabricated from carbon fibre are the rear wheel arches, rear diffuser and all the aerodynamic addenda. The GTAm takes it a step further than the GTA by using polycarbonate rear and side windows in lieu of glass.
Cabin comfort
Peer into the cabin and you’ll find Sabelt carbon-fibre-shell seats, Alcantara trim everywhere and a composite rear door panel. In addition, the GTAm ditches the rear seats, has door pull-straps instead of handles and adds a roll cage and six-point harnesses to make it genuinely track-worthy.
The GTAm’s cabin is generally a nice place to be, but there’s a disappointing ordinariness to the instruments and switchgear for a car with such exorbitant pricing.
Molehills out of mountains
It looks ferocious, yet the bewinged Alfa fires up unobtrusively and trundles out of the Balocco proving ground – nestled in the northern Italian countryside – in civilised fashion. Out on real-world roads, ride quality is compliant and noise levels aren’t excessive.
The real fun begins as a winding mountain road looms ahead. Flick the drive selector into Dynamic mode and the GTAm attacks with the same vigour as a rottweiler that's latched on to a juicy piece of meat. The steering, although a bit light for my liking, responds with crispness and immediacy. There's so much grip from the Pilot Sport Cup 2 tyres that you need a racetrack to fully exploit its limits of adhesion.
Roaring race mode
The 2.9-litre twin-turbo V6 is already a jewel in the Giulia Quadrifoglio, but with 30 extra horses and that crackling Akrapovic centre-mount exhaust, it's positively spine-tingling. The eight-speed auto is also pleasingly decisive and quick-shifting.
The track session at the Alfa Romeo test track at Balocco merely adds an exclamation point to what was already learnt out on the road loop. Even in Race mode, which completely deactivates the ESP electronic safety net, the ballistic GTAm is so predictable you can indulge in power-sliding hooliganism with relative ease.
Verdict? The GTAm’s stratospheric pricing – almost double that of a BMW M3 Competition – is a sticking point, but it’s so intoxicating that you’d still reach for the chequebook if you had the wherewithal. It’s easily Alfa Romeo’s finest offering to date.
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.”
Du Football Champions
The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.
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Russia's Muslim Heartlands
Dominic Rubin, Oxford
Two-step truce
The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.
By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National.
The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.
The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.
The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.
TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Killing of Qassem Suleimani
Zayed Sustainability Prize
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
The specs
Engine: 1.6-litre 4-cyl turbo and dual electric motors
Power: 300hp at 6,000rpm
Torque: 520Nm at 1,500-3,000rpm
Transmission: 8-speed auto
Fuel consumption: 8.0L/100km
Price: from Dh199,900
On sale: now
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
if you go
The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow.
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes).
Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
The specs
Engine: 2.9-litre twin-turbo V6
Power: 540hp at 6,500rpm
Torque: 600Nm at 2,500rpm
Transmission: Eight-speed auto
Kerb weight: 1580kg
Price: From Dh750k
On sale: via special order