The 2023 Formula One season comes to an end this weekend with the Etihad Airways Abu Dhabi Grand Prix. Here is everything you need to know about the race.
What is it?
The Abu Dhabi Grand Prix is the 22nd and final race of the 2023 Formula One season.
Where is it?
The Abu Dhabi Grand Prix takes place at Yas Marina Circuit on Yas Island.
When is it?
The race weekend starts on Friday, November 24 with two of the three practice sessions. A third practice session then takes place on Saturday afternoon before qualifying at 6pm (UAE time). The race begins on Sunday at 5pm.
What is on the line in Abu Dhabi?
Given the complete domination by Max Verstappen and Red Bull this season, both the drivers' and constructors' championships have long been decided. However, the battle to be the runner-up team will be decided at Yas Marina Circuit; Mercedes lead Ferrari by just four points.
What happened at last year's race?
The 2022 Abu Dhabi Grand Prix saw Verstappen ease to his third straight victory at Yas Marina Circuit. Like this year, the championships had already been won by the Dutchman and Red Bull.
That was not the case in 2021, when the race witnessed one of the most dramatic and controversial conclusions in F1 history as Verstappen beat Lewis Hamilton in a final-lap shootout behind the safety car to seal the race win and drivers' title.
Are tickets still available?
Tickets for the Abu Dhabi Grand Prix always sell out fast. At the time of writing, there are no general admission tickets available, but there are some limited grandstand tickets for Friday's practice, and some hospitality experiences for all three days.
To purchase tickets, visit: www.yasmarinacircuit.com/en/formula1/tickets
What else is going on besides the race?
The Abu Dhabi Grand Prix is as famous for its entertainment as the race itself. This year's after-race concerts, which can be accessed by all ticketholders, see Ava Max perform on Thursday night, Chris Brown on Friday night, Shania Twain on Saturday night, and Foo Fighters headlining after the race on Sunday.
How to watch?
For fans unable to attend, the 2023 Abu Dhabi Grand Prix can be watched live on beIN Sports.
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Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes.
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com
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How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
