Mercedes revealed they have started contract negotiations with Lewis Hamilton and are determined to give the seasoned driver a winning car when the new season begins next month.
Hamilton, winner of 103 grands prix, turned 38 in January and will be starting his 11th season at Mercedes in March.
Team boss Toto Wolff, speaking at the launch of the team's new W14 car at Silverstone, insisted that he and Hamilton, whose current contract expires at the end of 2023, were in no hurry to put pen to paper.
Mercedes last year had their run of eight consecutive world titles snapped and seven-time champion Hamilton went winless for the first time in a season. George Russell scored Mercedes’ only victory.
Hamilton saw his record of winning at least one race in every season of his career – a run extending back to his debut campaign for McLaren in 2007 – end in 2022 when he finished a huge 214 points adrift of champion Max Verstappen and behind Russell, who came fourth.
However, the struggles won’t be a deterrent in Hamilton’s contract negotiations, Wolff said.
“I don’t think it plays into Lewis’s mind any doubts that we will perform. We will. Eventually,” said Wolff, who reiterated, “we will be competitive. We don’t know when.”
F1 2023 season cars unveiled
"We've had a first chat but I don't want to commit to any timeline because it's not important for him nor for us ... it runs a full year and we're going to find the right time," Wolff added.
Wolff batted away a question about age and durability, with Hamilton the second oldest driver on the starting grid after Aston Martin's 41-year-old double champion Fernando Alonso.
“I think the age 38 plays no role for this next contract. If you look at how well top athletes in the world push boundaries, and I am thinking about Tom Brady … The age plays no role,” Wolff said, referencing NFL quarterback Brady who recently retired at 45.
“How [Lewis] appears to me is in great form, very positive. Motivated. Energised. Maybe the best so far I’ve seen," he said.
Last year was difficult for Hamilton as the Mercedes design missed the mark. It was both uncompetitive and physically difficult to drive, and it developed a bouncing phenomenon dubbed “porpoising” that left both Hamilton and Russell battered after every drive.
Mercedes revealed they had returned to an all-black colour scheme for the new season and Wolff was confident the car has improved from last year.
“We were overweight last year,” Wolff said. “This year we have tried to figure out where we can squeeze out every single gram.”
Hamilton said late last season he wanted a long-term contract extension. He reiterated his desire to continue driving at Wednesday’s car reveal.
“I continue to love racing and that is never going to change,” Hamilton said. “It is part of my DNA and I always believe I can get better. I am planning to stay a little bit longer.”
Hamilton, entering the final year of his current £40 million-a-season deal, will hope Mercedes have now given him a machine to challenge rival Verstappen and Red Bull.
"I have been here a long time," Hamilton said ahead of his 11th season with Mercedes and his 17th in all in F1.
"I love the challenge of the mental and the physical elements, of having to deep dive, and see how I can extract more performance from me, the people around me, and the car that is constantly evolving.
"There is always a new logbook and new tools that you have to get used to."
Hamilton and Russell will get their first run-out with this year's car during three days of testing in Bahrain next week before the season opener in the Gulf country, on March 5.
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
First Person
Richard Flanagan
Chatto & Windus
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
WITHIN%20SAND
%3Cp%3EDirector%3A%20Moe%20Alatawi%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Ra%E2%80%99ed%20Alshammari%2C%20Adwa%20Fahd%2C%20Muhand%20Alsaleh%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Under-21 European Championship Final
Germany 1 Spain 0
Weiser (40')
UAE currency: the story behind the money in your pockets
MATCH INFO
RB Leipzig 2 (Klostermann 24', Schick 68')
Hertha Berlin 2 (Grujic 9', Piatek 82' pen)
Man of the match Matheus Cunha (Hertha Berlin
RESULT
Chelsea 2
Willian 13'
Ross Barkley 64'
Liverpool 0
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Floward%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%2C%20Saudi%20Arabia%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAbdulaziz%20Al%20Loughani%20and%20Mohamed%20Al%20Arifi%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EE-commerce%0D%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3EAbout%20%24200%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EAljazira%20Capital%2C%20Rainwater%20Partners%2C%20STV%20and%20Impact46%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E1%2C200%3C%2Fp%3E%0A
Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
The years Ramadan fell in May