• The Callaway Corvette in Abu Dhabi. Antonie Robertson / The National
    The Callaway Corvette in Abu Dhabi. Antonie Robertson / The National
  • Turquoise flourishes and a hot-rod-esque bonnet bulge betray that this isn't a stock Corvette. Antonie Robertson / The National
    Turquoise flourishes and a hot-rod-esque bonnet bulge betray that this isn't a stock Corvette. Antonie Robertson / The National
  • Callaway's current range centres on General Motors models, and the Corvette is its best-known ongoing project. Antonie Robertson / The National
    Callaway's current range centres on General Motors models, and the Corvette is its best-known ongoing project. Antonie Robertson / The National
  • Callaway has been tuning cars for 40 years. Antonie Robertson / The National
    Callaway has been tuning cars for 40 years. Antonie Robertson / The National
  • The car has two more refined driving modes – Eco or Tour – that make it almost a daily driver. Antonie Robertson / The National
    The car has two more refined driving modes – Eco or Tour – that make it almost a daily driver. Antonie Robertson / The National
  • Plentiful Alcantara in the cockpit pushes the general above-stock feel of the Callaway. Antonie Robertson / The National
    Plentiful Alcantara in the cockpit pushes the general above-stock feel of the Callaway. Antonie Robertson / The National
  • A pumped-up 6.2-litre V8 means this modified Grand Sport has almost as much power as a Z06. Antonie Robertson / The National
    A pumped-up 6.2-litre V8 means this modified Grand Sport has almost as much power as a Z06. Antonie Robertson / The National
  • The Callaway Corvette's 0-to-60-kph time is 3.4 seconds. Antonie Robertson / The National
    The Callaway Corvette's 0-to-60-kph time is 3.4 seconds. Antonie Robertson / The National
  • Everything from the rear, flanks and sills to the key fob bear the Callaway name. Antonie Robertson / The National
    Everything from the rear, flanks and sills to the key fob bear the Callaway name. Antonie Robertson / The National
  • The Callaway Corvette has 20-inch low-profile tyres. Antonie Robertson / The National
    The Callaway Corvette has 20-inch low-profile tyres. Antonie Robertson / The National
  • The infotainment system features a retracting touchscreen that slides down at the press of a button. Antonie Robertson / The National
    The infotainment system features a retracting touchscreen that slides down at the press of a button. Antonie Robertson / The National
  • The Callaway Corvette in Abu Dhabi. Antonie Robertson / The National
    The Callaway Corvette in Abu Dhabi. Antonie Robertson / The National

The Chevrolet Corvette: an American icon that outlived the space race


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It must have been an exciting time to be alive in the United States in the mid-1950s, as the modernity of the post-war world began to take hold and humankind embarked on its first tentative steps towards exploring space. The Chevrolet Corvette was born in 1953, originally as a show car for the New York Auto Show. Americans loved it so much that, 65 years ago this month, the car was put into production.

The early astronauts were so infatuated with this space age-looking sports car that almost all of them owned a Corvette. The first American to go into space, Alan Shepard, started the craze when he drove his to astronaut training; the tie-up was eventually made semi-official, with adverts, endorsements, deals and special access to pre-production models for the astronauts. The relationship continued well into the 1960s and is even immortalised in Oscar-winning Tom Hanks movie Apollo 13.

The crew of Apollo 12 with their Corvette Stingrays in 1969. Getty
The crew of Apollo 12 with their Corvette Stingrays in 1969. Getty

It was a perfect fit. And while the lines of the modern-day Corvette aren’t quite as startlingly futuristic as those stunning early models must have seemed at the time, when I get my hands on a rather special edition – the Callaway Corvette – it’s clear this is still a car that can stop traffic. Quite literally, in some cases, as you attempt not to scrape up its aerodynamic extremities on speed bumps.

The debate over whether the Corvette is a muscle car or a sports car continues more than six decades on. And while the consensus is usually the latter, Callaway's Dh431,000 supercharged conversion makes something of a case for the former.

My SC627 – that number a reference to its brake-horsepower figure – is based on a Corvette Grand Sport, yet has almost as much power as a Corvette Z06. There is also a Stingray version of similar prowess. What Callaway basically does is "level up" Corvettes – it also offers the SC757, which puts a Z06 into ZR1 territory.

Callaway's history doesn't stretch back quite as far as the Corvette's, but the Connecticut-based company celebrated its own milestone last year: 40 years ago, American car enthusiast Reeves Callaway turned his love for tuning cars for his pleasure into a bona fide business. Since then, the company has tweaked everything from Alfa Romeos and Aston Martins to Range Rovers. Its current range centres on the General Motors family, however, and the Corvette is probably its best-known ongoing project, after more than 30 years tinkering with the sports cars.

The pinnacle of that was the SledgeHammer Corvette, a monster with 898 horses that could hit 410kph. Callaway himself dictated it should also be docile at slow speeds. While it is a couple of hundred horsepower down on that leviathan, the SC627 that I drive maintains the ethos of being manageable in traffic. And when not set to stun in Sport or Track modes, the two more refined options – Eco or Tour – make it almost a daily driver.

It’s an all-in upgrade, with everything from the rear, flanks and sills to the key fob bearing the Callaway name. Lurid turquoise flourishes on the exterior and all across the interior, in addition to the reptilian, hot-rod-esque bonnet bulge above the pumped-up 6.2-litre V8, make it clear that this isn’t any ordinary ’Vette. In case you were in any doubt, the little embossed, numbered “collector edition” logo, featuring an outline of the car, beneath the infotainment system seals the deal. That infotainment system’s highlight, incidentally, is a retracting touchscreen that slides down at the press of a button to reveal a cubbyhole with USB slot.

Plentiful Alcantara in the cockpit pushes the general above-stock feel of the Callaway, although a few pieces of interior trim drop the ball. Specifically, the carpet covering the sides of the central console and the “boot” – more realistically a glorified back shelf that will just about suffice for your weekly supermarket shop, if you should be so inclined to use your 600hp-plus Corvette for such trivialities.

I don’t even want to try out the Bose sound system, because the mechanical soundtrack is glorious listening. Acceleration comes in two levels of forward momentum: go gentler and there’s a sucking of air as the Corvette picks up pace; bury your right foot and the quad exhaust positively explodes as you’re thrown towards the near-distance at a most enjoyable/terrifying pace – delete as applicable depending on if you’re the driver or passenger. The 0-to-60-kph time is 3.4 seconds; the next model up, the SC757, does that in a supercar-bothering 2.8 seconds. All of that is kept on terra firma by 20-inch low-profile tyres and rather Herculean brakes.

It is difficult to continue bettering a classic. Only a handful of carmakers have ever really managed it while maintaining the spirit of the original. The Corvette may no longer be the unrefined hunk of all-American metal that endeared it to so many in its native country and beyond, but after six-and-a-half decades, that is to be expected. So long as it is accompanied by the rumble of a big V8, however, the spirit of the car is living on well into a 21st century that must have seemed light years away to those early space travel pioneers.

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The biog

Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

Favourite Motto: Their happiness is your happiness

Goal: For Nefsy to become his legacy long after he is gon

Fixtures

50-over match

UAE v Lancashire, starts at 10am

Champion County match

MCC v Surrey, four-day match, starting on Sunday, March 24, play starts at 10am

Both matches are at ICC Academy, Dubai Sports City. Admission is free.

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

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.”

Playing records of the top 10 in 2017

How many games the top 10 have undertaken in the 2017 ATP season

1. Rafael Nadal 58 (49-9)

2. Andy Murray 35 (25-10)

3. Roger Federer 38 (35-3)

4. Stan Wawrinka 37 (26-11)

5. Novak Djokovic 40 (32-8)

6. Alexander Zverev 60 (46-14)

7. Marin Cilic 43 (29-14)

8. Dominic Thiem 60 (41-19)

9. Grigor Dimitrov 48 (34-14)

10. Kei Nishikori 43 (30-13)

Liverpool 4-1 Shrewsbury

Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')

Shrewsbury
Udoh (27'minutes)

Man of the Match: Kaide Gordon (Liverpool)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

The biog

Favourite books: 'Ruth Bader Ginsburg: A Life' by Jane D. Mathews and ‘The Moment of Lift’ by Melinda Gates

Favourite travel destination: Greece, a blend of ancient history and captivating nature. It always has given me a sense of joy, endless possibilities, positive energy and wonderful people that make you feel at home.

Favourite pastime: travelling and experiencing different cultures across the globe.

Favourite quote: “In the future, there will be no female leaders. There will just be leaders” - Sheryl Sandberg, COO of Facebook.

Favourite Movie: Mona Lisa Smile 

Favourite Author: Kahlil Gibran

Favourite Artist: Meryl Streep

Baby Driver

Director: Edgar Wright

Starring: Ansel Elgort, Kevin Spacey, Jamie Foxx, Lily James

Three and a half stars

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

The five pillars of Islam
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