Emirates SailGP: Australia top table after opening day of season in Dubai


Amith Passela
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  • Arabic

Australia took the honours by edging out New Zealand on the opening day of the SailGP season in the Emirates Dubai Sail Grand Prix on Saturday.

The Australians produced a stunning final race win at the Port Rashid Cruise Terminal-2 to finish the first day on 24 points, followed by New Zealand a point behind them and Great Britain, racing under the Emirates banner, in joint third alongside Canada and the US on 18 each.

“There's a lot of snakes and ladders out there but we had a really good day. We're going to be happier. We had a good start to the season. Good day,” said Australian driver Tom Slingsby.

“Obviously there's a lot more that we need to do. We need to have a good day tomorrow to lock it in. Lock in that final position and then have it shot.”

Australia are three-time champions but their title hopes last year was dashed by Spain. They are out to regain their crown and their start shows they are up among the favourites.

Sporting a new livery and racing for the first time with new wing trimmer, Chris Draper, the Aussies showed superb tactical decision-making to pick up consistent 3-5-1 race results, taking a stunning win in the third fleet race.

“The starts of the races look so tricky. Obviously a pretty tough second one but that third one just came in and you found that gap,” Slingsby said.

“I think in the second start we were going backwards when the gun went and we were last at the first mark. And, yeah, the last one we had a little gap and we snuck through and got on the foil and we sailed away. That was great.”

Dylan Fletcher of Emirates GBR said it was a difficult first day for them at the SailGP, but was looking ahead after finishing close on the heels of the leaders Australia and New Zealand.

“Dubai is a fantastic venue, nice and warm, flat water but difficult conditions out there with the 11 boats,” the Briton said.

“Ultimately, I think we've just about managed to come through unscathed. Looking forward to racing tomorrow. I think we take the learnings from today.

“It's my first time with the big wing, first time racing 11 boats so yeah there's lots of learning to do and we're just looking forward to getting out there again, you know, it was a great first day, the crowd, the support, being a local team it was brilliant.”

Mubadala Brazil, making their debut in Dubai, finished second last, which wasn’t what they were looking for, according to Martine Grael, the only female driver in the 11 boats.

“We had some issues in the first two races but we fixed it ahead of the last race and got into the racing,” she said.

“Obviously it's not the result we were looking for, but I think trying to weaken a few H2 mode endowments and trying to get better for the next day, that's always our goal.

“Sometimes you just have to deal with what you have and try to make the best out of it.”

Taylor Canfield’s United States converted an excellent start into a decisive win in the opening race, while race two saw a perfect start for Canada and Brazil, with the pair going head-to-head in a light wind drag race to Mark 1.

But Canada pushed Brazil wide, causing the fledgling team to drop behind the rest of the fleet and finish 10th, while Canada took the win under new driver Giles Scott.

An expertly timed run up to the start line saw the Australia scream into a crowded line-up in the third fleet race, win the sprint to Mark 1 and pop up on to the foils to pull away.

Emirates GBR and Canada followed closely behind, but Australia stretched ahead to cross the line with a near two-minute lead over the British in second.

The most dramatic moment of the day however saw newcomer Brazil execute a last-minute dash to the finish line, passing four boats to finish in sixth.

Racing resumes at 2pm on Sunday, with two further fleet races scheduled ahead of the winner-takes-all final.

The season sees 12 catamaran teams representing 12 nations competing over 14 championship rounds starting in Dubai, with the finale in Abu Dhabi. There will be races in Brazil, Germany, Switzerland and New Zealand, as well as a return to the UK and New York.

The UAE already plays host to numerous international sporting events including the likes of UFC, cricket, Formula One, tennis and horse racing. And now Dubai and Abu Dhabi have the prestigious honour of staging the opening and concluding races on the SailGP calendar.

“In my view, the UAE is becoming the sporting capital of the world and we want to support establishing that as part of what the Emirates identity is,” Sail GP managing director Andrew Thompson said at the launch ceremony on Friday.

“It's quite a statement to have the opening event here in Dubai and then the final in Abu Dhabi. We have got a fantastic site here in Dubai and are looking at some sites in Abu Dhabi that will really showcase the UAE capital to the world for that final event in November next year.”

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Company%20Profile
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
ESSENTIALS

The flights

Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes. 

The trip

From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.

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Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi

Yadoo’s House Restaurant & Cafe

For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.

Golden Dallah

For the cappuccino, luqaimat and aseeda.

Al Mrzab Restaurant

For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.

Al Derwaza

For the fish hubul, regag bread, biryani and special seafood soup. 

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BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

Heavily-sugared soft drinks slip through the tax net

Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.

Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.

A 680ml can of Arizona Iced Tea costs just Dh6.

Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.

Green ambitions
  • Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
  • Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
  • Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
  • Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water 

Arctic Monkeys

Tranquillity Base Hotel Casino (Domino) 

 

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.”

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MATCH INFO

Uefa Champions League semi-final:

First leg: Liverpool 5 Roma 2

Second leg: Wednesday, May 2, Stadio Olimpico, Rome

TV: BeIN Sports, 10.45pm (UAE)

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

Updated: November 24, 2024, 5:12 AM