• Ferrari driver Charles Leclerc celebrates on the podium after winning the Australian Formula One Grand Prix in Melbourne, Australia, Sunday, April 10, 2022. AP
    Ferrari driver Charles Leclerc celebrates on the podium after winning the Australian Formula One Grand Prix in Melbourne, Australia, Sunday, April 10, 2022. AP
  • Charles Leclerc reacts after winning the Australian Formula One Grand Prix. AP
    Charles Leclerc reacts after winning the Australian Formula One Grand Prix. AP
  • Charles Leclerc celebrates with his team and fans after winning the Australian Grand Prix. Reuters
    Charles Leclerc celebrates with his team and fans after winning the Australian Grand Prix. Reuters
  • Charles Leclerc takes the chequered flag to win the Australian Grand Prix. Getty
    Charles Leclerc takes the chequered flag to win the Australian Grand Prix. Getty
  • Charles Leclerc acknowledges the crowd during his victory lap after winning the 2022 Formula One Australian Grand Prix. AFP
    Charles Leclerc acknowledges the crowd during his victory lap after winning the 2022 Formula One Australian Grand Prix. AFP
  • Charles Leclerc leads a pack during the 2022 Formula One Australian Grand Prix. AFP
    Charles Leclerc leads a pack during the 2022 Formula One Australian Grand Prix. AFP
  • Red Bull's Max Verstappen and track marshals tend to the fire in his car after he retired from the race. Getty
    Red Bull's Max Verstappen and track marshals tend to the fire in his car after he retired from the race. Getty
  • Max Verstappen gestures as a track marshal extinguishes a fire in his car. AP
    Max Verstappen gestures as a track marshal extinguishes a fire in his car. AP
  • Max Verstappen sits on the edge of the circuit after he withdrew during the Australian Formula One Grand Prix. AP
    Max Verstappen sits on the edge of the circuit after he withdrew during the Australian Formula One Grand Prix. AP
  • Marshalls try to extinguish fire as Max Verstappen looks at his car during the 2022 Formula One Australian Grand Prix. AFP
    Marshalls try to extinguish fire as Max Verstappen looks at his car during the 2022 Formula One Australian Grand Prix. AFP
  • Max Verstappen speaks with a Red Bull crew member after he retired during the Formula One Australian Grand Prix. EPA
    Max Verstappen speaks with a Red Bull crew member after he retired during the Formula One Australian Grand Prix. EPA
  • Mercedes driver Lewis Hamilton drives during the 2022 Formula One Australian Grand Prix. AFP
    Mercedes driver Lewis Hamilton drives during the 2022 Formula One Australian Grand Prix. AFP
  • Charles Leclerc makes a pit stop during the Formula One Australian Grand Prix. EPA
    Charles Leclerc makes a pit stop during the Formula One Australian Grand Prix. EPA
  • Charles Leclerc leads the Formula One Australian Grand Prix . AFP
    Charles Leclerc leads the Formula One Australian Grand Prix . AFP
  • A race marshall clears Sebastian Vettel's Aston Martin off the track after a crash during the 2022 Formula One Australian Grand Prix. AFP
    A race marshall clears Sebastian Vettel's Aston Martin off the track after a crash during the 2022 Formula One Australian Grand Prix. AFP
  • McLaren driver Daniel Ricciardo during the Formula One Australian Grand Prix. Getty
    McLaren driver Daniel Ricciardo during the Formula One Australian Grand Prix. Getty

Charles Leclerc: Monaco Grand Prix has to stay on Formula One calendar


  • English
  • Arabic

Ferrari’s Charles Leclerc has told Formula One bosses that the Monaco Grand Prix must stay on the calendar.

Organisers of the sport’s grandest race are locked in discussions with F1’s American owners Liberty Media over a contract extension – Sunday’s 78-lap race around the principality is set to be the last unless a new deal is rubber-stamped.

Despite being considered the most glamorous event in F1, the two-mile course has remain largely unchanged from the first Grand Prix staged in 1929, and some have claimed it is no longer fit for purpose in its current guise.

But Leclerc, 24, born and raised in Monaco, said: “Losing the race would be a bad move for both parties.

“I have never known Monaco without Formula One, apart from Covid reasons in 2020, and Formula One without Monaco is not Formula One.

“Formula One has historic tracks like Silverstone, Monza and Monaco, too, and Monaco should stay on the calendar.

“There is no track that comes close to the adrenalin we get here, and for me it is part of F1’s history.”

Despite the uncertainty, it is expected that Liberty, and the race organisers, are close to striking a new agreement with a formal announcement likely to follow in the coming months.

F1’s motorsport boss Ross Brawn has explored ways at adapting the tight and twisty track, but alterations would require the full support of Automobile Club de Monaco.

Leclerc, who has won two races this season and trails championship leader Max Verstappen by six points, added: “F1 needs to go to the best tracks, but I really think Monaco is one of them, and in terms of qualifying there is no place I enjoy as much as I do here.

“The driver can make a difference because the barriers are so close. You can feel the danger because you have the sensation of speed.

“I agree that there are things we could change to increase overtaking because the cars have evolved and it might not be the best track to overtake.

“But in terms of challenges for the driver, it is one of the toughest for us, and a track like that should stay on the calendar.”

The Monte Carlo venue plays host to the seventh round of the campaign with Lewis Hamilton and his Mercedes team aiming to build upon their mini-resurgence in Barcelona last Sunday.

Hamilton dropped to last but one following an opening-lap collision before fighting back to fifth.

The spotlight will be on the 37-year-old for different reasons here with his two-race exemption to remove his nose stud – agreed with the FIA in Miami earlier this month – over. The Mercedes man will face the media on Friday morning before opening practice.

Meanwhile, British driver Lando Norris is expected to be fit to race in Monaco despite struggling with tonsillitis.

The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

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.”

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less

The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Sanju

Produced: Vidhu Vinod Chopra, Rajkumar Hirani

Director: Rajkumar Hirani

Cast: Ranbir Kapoor, Vicky Kaushal, Paresh Rawal, Anushka Sharma, Manish’s Koirala, Dia Mirza, Sonam Kapoor, Jim Sarbh, Boman Irani

Rating: 3.5 stars

PREMIER LEAGUE STATS

Romelu Lukaku's goalscoring statistics in the Premier League 
Season/club/appearances (substitute)/goals

2011/12 Chelsea: 8(7) - 0
2012/13 West Brom (loan): 35(15) - 17
2013/14 Chelsea: 2(2) - 0
2013/14 Everton (loan): 31(2) - 15
2014/15 Everton: 36(4) - 10
2015/16 Everton: 37(1) - 18
2016/17 Everton: 37(1) - 25  

DUBAI SEVENS 2018 DRAW

Gulf Men’s League
Pool A – Dubai Exiles, Dubai Hurricanes, Bahrain, Dubai Sports City Eagles
Pool B – Jebel Ali Dragons, Abu Dhabi Saracens, Abu Dhabi Harlequins, Al Ain Amblers

Gulf Men’s Open
Pool A – Bahrain Firbolgs, Arabian Knights, Yalla Rugby, Muscat
Pool B – Amman Citadel, APB Dubai Sharks, Jebel Ali Dragons 2, Saudi Rugby
Pool C – Abu Dhabi Harlequins 2, Roberts Construction, Dubai Exiles 2
Pool D – Dubai Tigers, UAE Shaheen, Sharjah Wanderers, Amman Citadel 2

Gulf U19 Boys
Pool A – Deira International School, Dubai Hurricanes, British School Al Khubairat, Jumeirah English Speaking School B
Pool B – Dubai English Speaking College 2, Jumeirah College, Dubai College A, Abu Dhabi Harlequins 2
Pool C – Bahrain Colts, Al Yasmina School, DESC, DC B
Pool D – Al Ain Amblers, Repton Royals, Dubai Exiles, Gems World Academy Dubai
Pool E – JESS A, Abu Dhabi Sharks, Abu Dhabi Harlequins 1, EC

Gulf Women
Pool A – Kuwait Scorpions, Black Ruggers, Dubai Sports City Eagles, Dubai Hurricanes 2
Pool B – Emirates Firebirds, Sharjah Wanderers, RAK Rides, Beirut Aconites
Pool C – Dubai Hurricanes, Emirates Firebirds 2, Abu Dhabi Saracens, Transforma Panthers
Pool D – AUC Wolves, Dubai Hawks, Abu Dhabi Harlequins, Al Ain Amblers

Gulf U19 Girls
Pool A – Dubai Exiles, BSAK, DESC, Al Maha
Pool B – Arabian Knights, Dubai Hurricanes, Al Ain Amblers, Abu Dhabi Harlequins

The Intruder

Director: Deon Taylor

Starring: Dennis Quaid, Michael Ealy, Meagan Good

One star

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%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
MATCH INFO

World Cup 2022 qualifier

UAE v Indonesia, Thursday, 8pm

Venue: Al Maktoum Stadium, Dubai

MATCH INFO

Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Shipping%20and%20banking%20
%3Cp%3EThe%20sixth%20sanctions%20package%20will%20also%20see%20European%20insurers%20banned%20from%20covering%20Russian%20shipping%2C%20more%20individuals%20added%20to%20the%20EU's%20sanctions%20list%20and%20Russia's%20Sberbank%20cut%20off%20from%20international%20payments%20system%20Swift.%3C%2Fp%3E%0A

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

States of Passion by Nihad Sirees,
Pushkin Press

The stats: 2017 Jaguar XJ

Price, base / as tested Dh326,700 / Dh342,700

Engine 3.0L V6

Transmission Eight-speed automatic

Power 340hp @ 6,000pm

Torque 450Nm @ 3,500rpm

Fuel economy, combined 9.1L / 100km

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Updated: May 26, 2022, 6:12 PM