Ferrari driver Charles Leclerc gives a thumbs up after the qualifying session for the Las Vegas Formula One Grand Prix. AFP
Ferrari driver Charles Leclerc gives a thumbs up after the qualifying session for the Las Vegas Formula One Grand Prix. AFP
Ferrari driver Charles Leclerc gives a thumbs up after the qualifying session for the Las Vegas Formula One Grand Prix. AFP
Ferrari driver Charles Leclerc gives a thumbs up after the qualifying session for the Las Vegas Formula One Grand Prix. AFP

Ferrari's Leclerc lights up the Las Vegas strip to take pole ahead of Verstappen


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Charles Leclerc danced his way to pole position with an emphatic performance for Ferrari under the Las Vegas lights.

At just after 1am Saturday local time (1pm UAE) – the latest conclusion to a qualifying session in Formula One history – Leclerc finished just 0.044 seconds clear of team-mate Carlos Sainz.

However, Sainz will start down in 12th after a loose drain cover destroyed his Ferrari in practice and triggered a 10-place grid penalty.

Triple world champion Max Verstappen, a winner in 17 of the 20 rounds so far, took third spot for Red Bull, but will move up to second following Sainz’s demotion. Lewis Hamilton was eliminated in Q2, leaving him only 10th on the grid.

Hamilton finished half-a-second behind team-mate George Russell, who hauled his Mercedes into Q3 before taking advantage of Sainz’s penalty to secure third on the grid for Saturday’s 50-lap race.

Following the shambolic start to F1’s Sin City comeback here on Thursday night, qualifying passed off without significant incident – much to the relief of the sport’s under-fire bosses.

F1 CEO Stefano Domenicali stopped short of issuing an apology to the furious spectators, who saw just eight minutes of practice before they were ejected from the stands.

However, in the early hours of Saturday morning, the estimated 90,000 fans who filled the 3.8-mile street venue – 30,000 down on capacity – were treated to an uninterrupted session which saw Leclerc romp to top spot in his scarlet machine.

“I am happy,” said Leclerc. “To have first place in Las Vegas is great.

“I was a bit disappointed because my lap was not great but it was all we needed. In the race we usually lack pace but hopefully we can put it all together in the race.”

Against the backdrop of Caesars Palace, the MGM Grand and Bellagio hotels, Ferrari delivered, but it was another underwhelming showing for Hamilton.

A fortnight after the seven-time world champion finished eighth in Brazil – 63 seconds behind winner Verstappen – he struggled for pace in his underperforming Mercedes.

“Couldn’t go faster, mate,” said Hamilton following his elimination. Behind Hamilton, Sergio Perez qualified one place back.

Mercedes driver Lewis Hamilton, of Britain, struggled for pace throughout qualifying. AP
Mercedes driver Lewis Hamilton, of Britain, struggled for pace throughout qualifying. AP

Lando Norris arrived in Nevada as the grid’s in-form driver after scoring more points across the last three rounds than anyone else.

But the British driver failed to make it out of Q2 with his McLaren machinery not suited to the three long straights here coupled with slow corners.

He qualified only 16th, three places ahead of team-mate Oscar Piastri who also fell at the first hurdle.

“Very disappointed,” said McLaren CEO Zak Brown. “We thought we’d struggle this weekend but I didn’t think either car would be out in Q1.

“Not a good start to the weekend and now all we can do is focus on the race tomorrow.”

Wonka
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Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

NBA Finals results

Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)

Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family

Updated: November 18, 2023, 10:44 AM