Circuit de Catalunya, in the parched hills above Gaudi’s Barcelona, is the circuit best known to the bejewelled cockpit superstars of F1.
It has been on the calendar since 1991 and the wide variety of corners also make it an ideal annual pre-season testing venue, as it was in February.
What there is to be learnt about the circuit was done so long ago by drivers pounding around it until sunset.
So this race, above all others, has always been an ultra-tight affair in which gigabytes of accumulated testing data can be bought to bear.
Since the onset of the hybrid era this has been a Mercedes track, Lewis Hamilton winning six times in the past eight years – five times from pole.
Fernando Alonso has triumphed (at his home race) twice and Sebastian Vettel once.
Then there is Max Verstappen’s victory on his Red Bull debut at 18 thanks to Hamilton and Nico Rosberg skidding into the kitty litter on the first lap while scrapping over the lead. But surprises are rare.
F1 arrives in Spain with the new ground-effect formula still very much on public trial.
The racing is definitely closer this year but there is no indication it has improved overtaking.
Maybe then tracks need to change, too. Circuits like Barcelona, where one corner flows into the next, mean cars naturally criss-cross the tarmac, legitimately preventing overtaking bids from their pursuers on the shorter straights.
Lining up the everlasting bend that is T3 to overtake down to T4 doesn’t work, as Hamilton and Rosberg proved in 2012. Ditto T5, which dips to the apex. Dive down the inside and you’ll lose on the exit. T6 is effectively a straight. T7 is challenging but just too fast for an overtake.
The flow takes you to the inside of T8 and then immediately back to the outside for T9, Campsa, which is a very tricky, fast and bumpy uphill right-hander. The redesigned T10 is for Hail Mary lunges only. If you try to go around the outside you are out of the game for 11 & 12. Then 13, 14 & 15 are a technical and messy hustle requiring precision to fend off a challenge down the only real overtaking spot, the main straight that follows.
Don’t get me wrong, I love the layout. From the cockpit it is a real challenge. But it’s just not conducive to providing a spectacle for fans.
Is the answer, then, a wider circuit? Certainly wider entries and exits for the bends would allow momentum to be carried various different ways in and out of a corner.
Even so, it is encouraging that championship leader Charles Leclerc said all that lay between him and a real bid for victory in Miami was a set-up tweak to improve front tyre wear. That shows how close the fight is.
Ferrari started the season fastest but after successive defeats suspect Red Bull are committing price-capped resources earlier than they planned to.
Even so, the Scuderia bring their biggest updates yet for Barcelona in a behind-the-scenes development war sure to be crucial.
Meanwhile, tempers are fraying at the besieged champions with Hamilton snapping at both his team boss and the strategy team in recent races.
So Barcelona is D-Day for Mercedes’ temperamental diva of a car design, which is taking longer to come together than the Sagrada Familia. The conundrum appears more like one for the catwalk than the pitlane. For the first time they can compare their ‘Size Zero’ diva without sidepod hips to the (let’s say) conventional Size 12 one with sidepods used in the February test. One has to go.
Talking of prima donnas, F1’s drivers have done a spectacular flounce over a reminder from the new race director Niels Wittich that jewellery is banned from the cockpit as a safety risk.
It turns out that diamonds are, apparently, not only a woman’s best friend but a drivers’ too and they are having none of it.
FIA President Mohammed Ben Salayem has stepped in and insisted diamonds are not forever, they are only until 2pm local time (when the race starts). Hamilton’s retort, among others, is that if the ban remains, Mercedes have a spare driver for Monaco, suggesting he will sit out the weekend if confronted.
The official FIA reminder that the fine is an eye-watering £213,000 ($264,000) will surely give even the richest driver pause for thought.
What surprises me most is that Mercedes were the ones leading calls for more consistent application of the rules after the Abu Dhabi debacle. Six races later they want to be able to pick and choose which ones they follow.
But then Catalunya has always had a reputation for revolution.
MATCH INFO
Rugby World Cup (all times UAE)
Final: England v South Africa, Saturday, 1pm
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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.”
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
The Lowdown
Us
Director: Jordan Peele
Starring: Lupita Nyong'o, Winston Duke, Shahadi Wright Joseqph, Evan Alex and Elisabeth Moss
Rating: 4/5
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
The%20specs
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Paris Can Wait
Dir: Eleanor Coppola
Starring: Alec Baldwin, Diane Lane, Arnaud Viard
Two stars
Scoreline
UAE 2-1 Saudi Arabia
UAE Mabkhout 21’, Khalil 59’
Saudi Al Abed (pen) 20’
Man of the match Ahmed Khalil (UAE)
Killing of Qassem Suleimani
SPECS
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MATCH INFO
Alaves 1 (Perez 65' pen)
Real Madrid 2 (Ramos 52', Carvajal 69')
SQUADS
UAE
Mohammed Naveed (captain), Mohamed Usman (vice-captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan
Nepal
Paras Khadka (captain), Gyanendra Malla, Dipendra Singh Airee, Pradeep Airee, Binod Bhandari, Avinash Bohara, Sundeep Jora, Sompal Kami, Karan KC, Rohit Paudel, Sandeep Lamichhane, Lalit Rajbanshi, Basant Regmi, Pawan Sarraf, Bhim Sharki, Aarif Sheikh
THE DETAILS
Deadpool 2
Dir: David Leitch
Starring: Ryan Reynolds, Josh Brolin, Justin Dennison, Zazie Beetz
Four stars