Abu Dhabi Ocean Racing crew don Boston Bruins jerseys alongside Bruins player Zdeno Chára, who joined the crew during the in-port race. Photo courtesy: Abu Dhabi Ocean Racing
Abu Dhabi Ocean Racing crew don Boston Bruins jerseys alongside Bruins player Zdeno Chára, who joined the crew during the in-port race. Photo courtesy: Abu Dhabi Ocean Racing

Abu Dhabi finish third at Newport to reclaim top spot of Volvo Ocean Race in-port standings



Spanish boat Mapfre, boosted by the return of their skipper Iker Martinez, claimed their first win of the Volvo Ocean Race in-port series on Saturday in front of thousands of spectators.

In a day of light winds and overcast skies, the start was all-important and Mapfre were away to a beauty on the 9.2-nautical mile (17-kilometre) course.

With Martinez at the helm, the red boat raced to the first mark with a narrow lead over Team Alvimedica (Turkey/US) and gradually stretched their advantage in a race completed in just under an hour.

The result leaves the Spanish crew still trailing the fleet in the overall standings on 31 points, but they have closed the gap considerably after a string of largely disappointing performances prior to Saturday.

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Martinez, 37, was delighted to return to the winner’s circle having returned to lead the crew after missing the previous leg due to Olympic commitments.

The helmsman from San Sebastian won gold in the 2004 Athens Games and silver in Beijing 2008, but finished disappointingly down the field in the 2012 London Olympics.

He is determined to put that right in Rio de Janeiro next year, but his commitment to his preparation has led to his missing several legs in this edition of the nine-month Ocean Race which started last October.

“We are improving slowly and that’s the way we want to do these things,” said Martinez after the victory. “Today we were first and we’re feeling super good.”

Team Alvimedica, led by Newport local Charlie Enright, clung on to second place while Abu Dhabi Ocean Racing stole third position from the all-women crew of Team SCA, who made a damaging positioning error mid-race.

The result puts Abu Dhabi Ocean Racing, led by Briton Ian Walker, back on top of the overall in-port race series standings on 19 points. The series will count towards a separate trophy and be used to split ties in the main offshore competition.

The six boats in the fleet will begin the seventh leg, a 2,800-nautical mile (4,815km) trip to Lisbon, Portugal, on Sunday at 10pm (UAE time).

Abu Dhabi lead by six points from China’s Dongfeng Race Team, with three legs to complete in the nine-month, 38,739-nautical mile (71,745km) marathon.

The race concludes on June 27 in Gothenburg, Sweden, having visited 11 ports and every continent.

Newport Team Vestas Wind In-Port Race results:

1. Mapfre (Spain) 14:55:41 (1pt)

2. Team Alvimedica (Turkey/USA) 14:56:39 (2)

3. Abu Dhabi Ocean Racing 14:57:38 (3)

4. Team SCA (Sweden) 14:57:57 (4)

5. Team Brunel (Netherlands) 14:58:17 (5)

6. Dongfeng Race Team (China) 14:59:09 (6)

DNS Team Vestas Wind (Denmark) (8).

In-Port Race Series overall standings (after seven races):

1. Abu Dhabi Ocean Racing 19pts

2. Team Brunel 20

3. Team SCA 24

4. Dongfeng Race Team 27

5. Team Alvimedica 28

6. MAPFRE 31

7. Team Vestas Wind 52

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

RESULTS

Dubai Kahayla Classic – Group 1 (PA) $750,000 (Dirt) 2,000m
Winner: Deryan, Ioritz Mendizabal (jockey), Didier Guillemin (trainer).
Godolphin Mile – Group 2 (TB) $750,000 (D) 1,600m
Winner: Secret Ambition, Tadhg O’Shea, Satish Seemar
Dubai Gold Cup – Group 2 (TB) $750,000 (Turf) 3,200m
Winner: Subjectivist, Joe Fanning, Mark Johnston
Al Quoz Sprint – Group 1 (TB) $1million (T) 1,200m
Winner: Extravagant Kid, Ryan Moore, Brendan Walsh
UAE Derby – Group 2 (TB) $750,000 (D) 1,900m
Winner: Rebel’s Romance, William Buick, Charlie Appleby
Dubai Golden Shaheen – Group 1 (TB) $1.5million (D) 1,200m
Winner: Zenden, Antonio Fresu, Carlos David
Dubai Turf – Group 1 (TB) $4million (T) 1,800m
Winner: Lord North, Frankie Dettori, John Gosden
Dubai Sheema Classic – Group 1 (TB) $5million (T) 2,410m
Winner: Mishriff, John Egan, John Gosden

Turkish Ladies

Various artists, Sony Music Turkey 

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

T10 Cricket League
Sharjah Cricket Stadium
December 14- 17
6pm, Opening ceremony, followed by:
Bengal Tigers v Kerala Kings 
Maratha Arabians v Pakhtoons
Tickets available online at q-tickets.com/t10

GULF MEN'S LEAGUE

Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2

Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers

 

Opening fixtures

Thursday, December 5

6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles

7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers

7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles

7pm, Pitch 5, Bahrain v Dubai Eagles 2

 

Recent winners

2018 Dubai Hurricanes

2017 Dubai Exiles

2016 Abu Dhabi Harlequins

2015 Abu Dhabi Harlequins

2014 Abu Dhabi Harlequins

'Champions'

Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
 

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

COMPANY PROFILE

Company name: Alaan
Started: 2021
Based: Dubai
Founders: Parthi Duraisamy and Karun Kurien
Sector: FinTech
Investment stage: $7 million raised in total — $2.5 million in a seed round and $4.5 million in a pre-series A round

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Results

7pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Dirt) 1,600m; Winner: RB Kings Bay, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

7.30pm: Maiden (PA) Dh 70,000 (D) 1,600m; Winner: AF Ensito, Fernando Jara, Mohamed Daggash

8pm: Maiden (PA) Dh70,000 (D) 1,400m; Winner: AF Sourouh, Tadhg O’Shea, Ernst Oertel

8.30pm: Maiden (PA) Dh70,000 (D) 1,800m; Winner: Baaher, Fabrice Veron, Eric Lemartinel

9pm: Maiden (PA) Dh70,000 (D) 2,000m; Winner: Mootahady, Antonio Fresu, Eric Lemartinel

9.30pm: Handicap (TB) Dh70,000 (D) 2,000m; Winner: Dubai Canal, Tadhg O’Shea, Satish Seemar

10pm: Al Ain Cup – Prestige (PA) Dh100,000 (D) 2,000m; Winner: Harrab, Bernardo Pinheiro, Majed Al Jahouri

TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel

Naga

Director: Meshal Al Jaser

Starring: Adwa Bader, Yazeed Almajyul, Khalid Bin Shaddad

Rating: 4/5

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

Janet Yellen's Firsts

  • In 2014, she became the first woman to lead the US Federal Reserve 
  • In 1999, she became the first female chair of the White House Council of Economic Advisers 

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