After an unexpected sojourn created by flooding in Imola, the Formula One world championship moves to the famous streets of Monte Carlo on Sunday and the contradiction that is the best event and, usually, one of the worst races of the year.
With overtaking next to impossible, especially with this year’s bloated car designs, the greatest grand prix on the calendar, the jewel in the sport’s crown, is all about Saturday’s qualifying.
Thread the needle through the narrow streets, put the car on pole and victory is almost certain. That’s the way the story goes. Or is supposed to. But tell that to Charles Leclerc.
Ferrari’s main man is achingly desperate to win his home race on the streets outside the front door he has used since he began walking to school as a child.
More so because he has set pole for the past two years and failed to win a practically unloseable Grand Prix.
It is 50 years since anyone has managed that in successive years, going back to Jackie Stewart in 1969 and '70. But then, those were the days when F1 cars broke down. In the modern era of rock-solid reliability, Leclerc’s "achievement" stands alone.
And Stewart had already won the race once by then and went on to win it twice more from pole.
In 2021, Leclerc was a victim of his own making, crashing after setting pole and ruling himself out of Sunday’s start. Last year was down to an epic strategy bungle by his own team. But he is proof at least that, at Monaco anyway, talent can mean more than machinery.
Top dogs, as they undoubtedly are after winning the first five rounds, Red Bull are certainly not guaranteed pole on Saturday.
Max Verstappen will have to stretch nerve and sinew to beat his teammate Sergio Perez, let alone Leclerc, Lewis Hamilton or George Russell.
After all, the Mexican won last year’s race and his fans say he is now the king of the street tracks. But there is an extra nuance to their rivalry. The double champion is reportedly still steaming that his teammate’s crash last year denied him pole just as he was set to nick top spot.
So furious, in fact, he publicly refused to help Perez to finish second in the driver’s championship when they got to Brazil five months later.
Fernando Alonso arrives as Red Bull’s primary challenger knowing that if he has a chance of outdoing them anywhere, it is here.
It would be the perfect way to crown Aston Martin’s new partnership with Honda that was announced on Wednesday. In 2026, they take over the power unit used by the current champions Red Bull, who are switching to Ford.
Honda were set to leave F1 but clearly see the chance to unite with the colours favoured by James Bond as just too good a chance to miss.
Sunday’s race sees revisions to both Mercedes and Ferrari cars as they bid to get their title challenges back on course.
Both have had disastrous starts to the season with just a single podium apiece and no wins. The changes, which were supposed to be debuted at Imola, are unlikely to be of real use on a street track. But mileage is mileage. The true benefit will only be known in Barcelona a week later.
Carlos Sainz, Ferrari’s No 2, arrives in Monaco with a leg injury thanks to a mistimed tackle in a charity football match earlier this week.
Much speculation surrounds his F1 future with Lewis Hamilton seen in talks with new Maranello boss Fred Vasseur. But it is interesting how often the seven-time champion is seen at Ferrari when his Mercedes contract talks hit their peak.
Would Maranello’s mandarins really upset the relationship with their golden boy Leclerc for a Mercedes champion in the autumn of his career?
Monaco is the perfect place for such machinations. Writer Somerset Maugham famously called the riviera “a sunny place for shady people”. After all, it was here in secret meetings at the Loews Hotel (now the Fairmont) that Ferrari stole Michael Schumacher and Ross Brawn from Benetton and won five successive world titles.
It is one of those places where belief has to be suspended; the giant superyachts, improbably expensive cars, sunshine, beauty, and the impossibility of it all just has to be enjoyed.
But for those who cannot afford to make the pilgrimage, there is good news. The stand-off over a new Monaco contract last year was partially connected with its erratic television coverage and F1 itself has taken back control so the quality is likely to rise considerably.
Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
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UAE currency: the story behind the money in your pockets
MATCH INFO
CAF Champions League semi-finals first-leg fixtures
Tuesday:
Primeiro Agosto (ANG) v Esperance (TUN) (8pm UAE)
Al Ahly (EGY) v Entente Setif (ALG) (11PM)
Second legs:
October 23
Bombshell
Director: Jay Roach
Stars: Nicole Kidman, Charlize Theron, Margot Robbie
Four out of five stars
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Mohammed bin Zayed Majlis
BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
MORE ON THE US DEMOCRATIC PRIMARIES
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How to turn your property into a holiday home
- Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
- Research equivalent Airbnb homes in your location to ensure competitiveness.
- Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
- Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
- Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
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.”
ICC Intercontinental Cup
UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed
Fixtures Nov 29-Dec 2
UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi
Hong Kong v Papua New Guinea, Sharjah Cricket Stadium
Ireland v Scotland, Dubai International Stadium
Namibia v Netherlands, ICC Academy, Dubai
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
Major matches on Manic Monday
Andy Murray (GBR) v Benoit Paire (FRA)
Grigor Dimitrov (BGR) v Roger Federer (SUI)
Rafael Nadal (ESP) v Gilles Muller (LUX)
Adrian Mannarino (FRA) Novak Djokovic (SRB)
What She Ate: Six Remarkable Women & the Food That Tells Their Stories
Laura Shapiro
Fourth Estate
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
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