Max Verstappencelebrates with his Red Bull team after winning the Miami Grand Prix on May 7, 2023. AFP
Max Verstappencelebrates with his Red Bull team after winning the Miami Grand Prix on May 7, 2023. AFP
Max Verstappencelebrates with his Red Bull team after winning the Miami Grand Prix on May 7, 2023. AFP
Max Verstappencelebrates with his Red Bull team after winning the Miami Grand Prix on May 7, 2023. AFP

Max Verstappen on Miami GP boos: They only do it because I'm winning


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Bullish Max Verstappen insisted the only reason he is being targeted for boos by Formula One crowds is the fact he is winning regularly.

The Red Bull driver secured his third victory of the season after starting the Miami Grand Prix ninth on the grid but went on to take the chequered flag five seconds clear of teammate Sergio Perez with Fernando Alonso a distant third.

It extended Verstappen's championship lead to 14 points over Perez, who had secured his third career pole position in Saturday's qualifying session, as the Dutchman looks to make it three titles in a row.

But the 25-year-old was heckled as he was introduced on the grid in the moments before the race, and then also on the podium as he was presented with his winner's trophy.

“If I am driving at the back nobody will be doing anything in terms of a reaction,” said Verstappen.

“It is normal when you are winning and they don't like who is winning. This is something which is absolutely fine for me as long as I stand on the top step of the podium.

“That is the most important thing. I take the trophy home and they can go back to their houses and have a nice evening.”

After starting so far back, Verstappen ruthlessly overtook every driver in front of him before eventually overtaking Perez to take the lead. Once in front, there was simply no catching him.

“It was a good race,” added Verstappen, who started ninth after Ferrari driver Charles Leclerc’s crash on Saturday denied the Dutchman a fast qualifying lap.

“I stayed out of trouble at the beginning and then just had a clean race, you know, picked the cars off one by one.

“I stayed out really long on the hard tyres and I think that's what made the difference and then a good little battle with Checo at the end.

“Yesterday was of course a bit of a setback but today we kept it calm, kept it clean and for sure winning a race from P9 is very satisfying.”

  • Max Verstappen celebrates celebrates on the podium after winning the Miami Grand Prix at Miami International Autodrome on May 7, 2023. AFP
    Max Verstappen celebrates celebrates on the podium after winning the Miami Grand Prix at Miami International Autodrome on May 7, 2023. AFP
  • Red Bull's Max Verstappen on his way to victory in Miami. AFP
    Red Bull's Max Verstappen on his way to victory in Miami. AFP
  • Red Bull driver Max Verstappen, right, celebrate with teammate Sergio Perez after the race. AFP
    Red Bull driver Max Verstappen, right, celebrate with teammate Sergio Perez after the race. AFP
  • Max Verstappen celebrates with the Red Bull team after his win at Miami International Autodrome. AFP
    Max Verstappen celebrates with the Red Bull team after his win at Miami International Autodrome. AFP
  • Dutch driver Max Verstappen after securing victory in Miami. AFP
    Dutch driver Max Verstappen after securing victory in Miami. AFP
  • Red Bull's Mexican driver Sergio Perez on the podium after finishing second in Miami. AFP
    Red Bull's Mexican driver Sergio Perez on the podium after finishing second in Miami. AFP
  • Race winner Max Verstappen, centre, with second-placed Sergio Perez, left, and Fernando Alonso, right, who finished third. Getty
    Race winner Max Verstappen, centre, with second-placed Sergio Perez, left, and Fernando Alonso, right, who finished third. Getty
  • Sergio Perez leads Red Bull teammate Max Verstappen during the race. AFP
    Sergio Perez leads Red Bull teammate Max Verstappen during the race. AFP
  • Aston Martin driver Fernando Alonso ahead of Ferrari's Carlos Sainz, who finished fifth, and Red Bull's Max Verstappen. AFP
    Aston Martin driver Fernando Alonso ahead of Ferrari's Carlos Sainz, who finished fifth, and Red Bull's Max Verstappen. AFP
  • Mercedes driver Lewis Hamilton who finished sixth. AFP
    Mercedes driver Lewis Hamilton who finished sixth. AFP

Meanwhile, team principal Christian Horner said Red Bull's total dominance this season is mainly due to the failings of their rivals Mercedes and Ferrari rather than any big steps forward from his team.

Red Bull have won all five races and had four one-two finishes so far this season, leading some to worry the sport is becoming too predictable.

But while this is Red Bull's best-ever start to an F1 season, Horner doesn't want to take too much credit for his team.

“We feel that we've made a good step from the [previous car] but the kind of step that you would expect, it's more that it feels like others have lost ground,” Horner told reporters.

The Englishman said that he has been surprised by the lack of competitiveness of the rivals.

“I think it surprised us that the others have perhaps under-delivered compared to where they were last year, but no doubt they will be looking to address that, and I'm sure starting in Imola [for Emilia Romagna GP on May 21] we're going to see big updates starting to come through,” he added.

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The advice provided in our columns does not constitute legal advice and is provided for information only. Readers are encouraged to seek independent legal advice. 

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

The%20specs
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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.”

UAE currency: the story behind the money in your pockets
From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

 

SPEC%20SHEET
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The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Match info

Manchester United 0-0 Crystal Palace

Man of the match: Cheikhou Kouyate (Crystal Palace)

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

Step by step

2070km to run

38 days

273,600 calories consumed

28kg of fruit

40kg of vegetables

45 pairs of running shoes

1 yoga matt

1 oxygen chamber

Updated: May 08, 2023, 11:47 AM