• Red Bull driver Max Verstappen celebrates on the podium after winning the Formula One Hungarian Grand Prix at the Hungaroring, on July 23, 2023. AFP
    Red Bull driver Max Verstappen celebrates on the podium after winning the Formula One Hungarian Grand Prix at the Hungaroring, on July 23, 2023. AFP
  • Race winner Max Verstappen stops in parc ferme after his victory. Getty
    Race winner Max Verstappen stops in parc ferme after his victory. Getty
  • Race winner Max Verstappen with second placed Lando Norris, left, and Sergio Perez, right, who ws third. Getty
    Race winner Max Verstappen with second placed Lando Norris, left, and Sergio Perez, right, who ws third. Getty
  • Max Verstappen celebrates after the race in Budapest. Getty
    Max Verstappen celebrates after the race in Budapest. Getty
  • Race winner Max Verstappen celebrates with his Red Bull team. Getty
    Race winner Max Verstappen celebrates with his Red Bull team. Getty
  • Dutch driver Max Verstappen takes the chequered flag to win the race. AP
    Dutch driver Max Verstappen takes the chequered flag to win the race. AP
  • Max Verstappen overtakes Mercedes driver driver Lewis Hamilton at the start of the race. AP
    Max Verstappen overtakes Mercedes driver driver Lewis Hamilton at the start of the race. AP
  • McLaren's British driver Lando Norris on his way to second place. AP
    McLaren's British driver Lando Norris on his way to second place. AP
  • Red Bull's Sergio Perez finished third in Hungary. Getty
    Red Bull's Sergio Perez finished third in Hungary. Getty
  • Ferrari's Charles Leclerc, who finished seventh, makes a pit stop during the race. Reuters
    Ferrari's Charles Leclerc, who finished seventh, makes a pit stop during the race. Reuters

Relentless Max Verstappen makes it seven in a row after Hungarian GP victory


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Relentless reigning champion Max Verstappen made it seven wins in a row this season after winning the Hungarian Grand Prix on Sunday.

Victory also meant his Red Bull team secured a record-breaking 12th consecutive Formula One wins, surpassing the feat of McLaren who won 11 races in 1988 courtesy of Ayrton Senna and Alain Prost.

Verstappen stretched his lead over teammate Sergio Perez – who finished third at the Hungaroring, behind McLaren's Lando Norris in second – to 110 points in the drivers' championship.

Lewis Hamilton set off from pole for the first time in 33 races but a poor start dashed the Mercedes driver's hopes of a 104th career win, with Verstappen and both McLaren drivers moving ahead of him inside the first two bends of Sunday's 70-lap race, and he had to settle for fourth.

“Yeah finally we had a really good start, very happy with that, we’ve been working on that quite a bit to try to get a good bite and yeah I know of course when I had the inside that corner was mine,” said Verstappen.

“It was just late on the brakes you are heavy car so luckily it all worked out well and from there I could do my race and today the car was really, really quick.

“I think over one lap this weekend it was a bit of a struggle but maybe it was probably a good thing for today so, yeah, the car was good on any tyre and we could look after the tyre wear and basically that’s why we could create such a big gap.”

On his record-breaking Red Bull team, Verstappen added: “It’s just incredible, what we’ve been going through the last few years is just unbelievable and hopefully we can keep this momentum going for a long time and also just to work with the whole team is always very enjoyable.

“Of course you know it’s always good to look into it, yesterday for example to keep pushing, wanting to do better, but today is just perfect.”

Twenty-four hours after he ended a 595-day wait for pole position, Hamilton's challenge to end a losing streak that now stands at 34 races was over after a few hundred metres.

His initial reaction to the lights turning green was fine, but he struggled for traction in the next phase, with Verstappen moving alongside the Mercedes and then ahead under braking for the first right-hander.

Hamilton, sharing the front row with Verstappen for the first time since he was denied a record eighth world title at the controversial 2021 season finale in Abu Dhabi, could do nothing to prevent his rival from barging his way through.

The Briton's attempts to hold on to the lead by squeezing Verstappen tight to the inside cost him two further positions, as the McLarens of Oscar Piastri and Norris also passed him and demoted him to fourth place where he would end the race.

Hamilton's teammate George Russell drove a strong race from 18th on the grid to finish sixth. Russell finished seventh on the road, but moved ahead of Charles Leclerc after the Ferrari driver was given a five-second penalty for speeding in the pit lane.

Leclerc's teammate Carlos Sainz was eighth ahead of the two Aston Martins, Fernando Alonso and Lance Stroll, who finished ninth and 10th, respectively.

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
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COMPANY PROFILE
Name: Kumulus Water
 
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Founders: Iheb Triki and Mohamed Ali Abid
 
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What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

South Africa's T20 squad

Duminy (c), Behardien, Dala, De Villiers, Hendricks, Jonker, Klaasen (wkt), Miller, Morris, Paterson, Phangiso, Phehlukwayo, Shamsi, Smuts.

UAE currency: the story behind the money in your pockets
Updated: July 23, 2023, 7:35 PM