• Zhou Guanyu's Alfa Romeo crashes at the start of the British GP at Silverstone on Sunday, July 3, 2022. Getty
    Zhou Guanyu's Alfa Romeo crashes at the start of the British GP at Silverstone on Sunday, July 3, 2022. Getty
  • Alfa Romeo driver Zhou Guanyu crashes at the start of the British Grand Prix. AP
    Alfa Romeo driver Zhou Guanyu crashes at the start of the British Grand Prix. AP
  • Alfa Romeo's Zhou Guanyu crashes at Silverstone. Getty
    Alfa Romeo's Zhou Guanyu crashes at Silverstone. Getty
  • Alfa Romeo's Zhou Guanyu crashes at Silverstone. Getty
    Alfa Romeo's Zhou Guanyu crashes at Silverstone. Getty
  • Alfa Romeo driver Guanyu Zhou crashes at the start of the British Grand Prix. AP
    Alfa Romeo driver Guanyu Zhou crashes at the start of the British Grand Prix. AP
  • Alfa Romeo driver Guanyu Zhou crashes at the start of the British Grand Prix. AP
    Alfa Romeo driver Guanyu Zhou crashes at the start of the British Grand Prix. AP
  • Alfa Romeo driver Zhou Guanyu after the crash. AFP
    Alfa Romeo driver Zhou Guanyu after the crash. AFP
  • Alfa Romeo driver Guanyu Zhou crashes at the start of the British Grand Prix. AP
    Alfa Romeo driver Guanyu Zhou crashes at the start of the British Grand Prix. AP
  • Alfa Romeo's Zhou Guanyu crashes into the barrier. PA
    Alfa Romeo's Zhou Guanyu crashes into the barrier. PA
  • Mercedes driver George Russell checks on Guanyu Zhou. EPA
    Mercedes driver George Russell checks on Guanyu Zhou. EPA
  • The huge crash at the start of the British GP. AP
    The huge crash at the start of the British GP. AP
  • Ferrari's Carlos Sainz celebrates after winning the British GP. AFP
    Ferrari's Carlos Sainz celebrates after winning the British GP. AFP
  • Carlos Sainz and Mercedes driver Lewis Hamilton. AFP
    Carlos Sainz and Mercedes driver Lewis Hamilton. AFP
  • Ferrari's Carlos Sainz celebrates winning the race on the podium. Reuters
    Ferrari's Carlos Sainz celebrates winning the race on the podium. Reuters
  • Carlos Sainz celebrates on the podium with second-placed Red Bull driver Sergio Perez and third-placed Lewis Hamilton of Mercedes. Reuters
    Carlos Sainz celebrates on the podium with second-placed Red Bull driver Sergio Perez and third-placed Lewis Hamilton of Mercedes. Reuters

Carlos Sainz wins thrilling British Grand Prix after horror smash on first lap


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Carlos Sainz won a wild British Grand Prix which saw Zhou Guanyu survive a horror opening-lap crash and protesters invade the track at Silverstone.

Sainz fought his way past Ferrari teammate Charles Leclerc in a brilliant 10-lap shoot-out to the chequered flag following a safety car period to claim his maiden Formula One win.

Sergio Perez finished second, with Lewis Hamilton third after he forced his way around Leclerc with four laps of the 52 laps remaining.

Sainz, Perez and Hamilton all took on fresh tyres ahead of the safety car restart, but Ferrari left Leclerc out on old rubber and the championship challenger was left in no-man’s-land, dropping from first to fourth.

It gave his title hopes a blow on a day where Max Verstappen limped home in seventh after he sustained a puncture and damage to his Red Bull bodywork.

A record crowd of 142,000 fans in Northamptonshire were treated to the race of the season which started in extraordinary fashion.

Rookie Zhou was approaching the 160mph opening Abbey corner when British driver George Russell tagged the right rear of the Chinese driver’ machine, sending him on to his roof and sliding out of control.

Upside down, Zhou continued through the gravel at high speed with sparks flying before he slammed into the tyre barrier and was launched into the fencing.

Fans and photographers ducked for cover with Zhou’s Alfa Romeo lodged on its side, between the tyre wall and the fencing.

An extraction team rushed to Zhou and the 23-year-old, in just his 10th race, was carefully removed and taken away in an ambulance to the medical centre before being discharged.

The protesters were dragged away by marshals as a number of drivers sped by.

An FIA spokesperson said: “We confirm that after the red flag, several people attempted to enter the track. These people were immediately removed and the matter is now being dealt with by the local authorities.”

Russell was also seen dashing to check on his friend, the Williams driver Alex Albon, who was caught up in the accident, and then Zhou’s condition.

“I’m glad to see Zhou OK. It was an horrific incident,” Russell told Sky Sports.

The Mercedes driver, who was not permitted to restart the race, added: “I jumped out of the car to see that Zhou was OK. When I got back to car I couldn’t restart it. As soon as you get outside assistance you cannot restart the race.”

Yuki Tsunoda and Esteban Ocon were also involved in the frenetic first moments, with both drivers limping back to the pits for repairs and able to take part when the race resumed following a delay of almost an hour.

A radio message to Zhou’s teammate Valtteri Bottas said: “Zhou is conscious. He is talking. There are no fractures and, considering the circumstances, he is pretty good, pretty well.”

London-born Albon was helicoptered to hospital for precautionary checks.

The race was immediately red-flagged, but as the cars made their way back to the pits, five protesters stormed the circuit at the 200mph Wellington Straight before sitting down on the track.

Following a delay of 53 minutes the race restarted.

On lap 10, Verstappen, hot on Sainz’s tail, moved into the lead after the Spaniard ran off the track through Becketts. But two laps later, Verstappen was in the pits with a puncture after he appeared to run over debris.

Sainz was soon under pressure from Leclerc, and after toing-and-froing with the pit wall, team principal Mattia Binotto gave the order for the scarlet cars to swap position.

Suddenly, a fast-charging Hamilton was in the mix, and, after the first round of pit stops, he was just six seconds off the lead.

Then, Ocon broke down in his Alpine and the safety car was deployed with a dozen laps to go. Leclerc stayed out – a decision Ferrari might come to regret – with Sainz, Hamilton and Perez all stopping.

On lap 43, Sainz made short work of getting past Leclerc with Perez and Hamilton eventually following suit after a number of spellbinding laps.

Fernando Alonso took fifth, one spot ahead of Lando Norris with Verstappen holding off Mick Schumacher on the line to take seventh.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

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.”

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)

  • Saturday 15 January: UAE beat Canada by 49 runs 
  • Thursday 20 January: v England 
  • Saturday 22 January: v Bangladesh 

UAE squad:

Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith  

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

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Updated: July 03, 2022, 5:30 PM