Max Verstappen ensured the Formula One title race will be decided at the Etihad Airways Abu Dhabi Grand Prix next weekend by claiming victory in Qatar on Sunday.
The Red Bull driver made it three victories on the spin with his latest win, finishing ahead of Oscar Piastri who was second and Carlos Sainz in third.
Current drivers' championship leader Lando Norris could only come home fourth which means his advantage over Verstappen heading into the season finale at Yas Marina Circuit is down to 12 points, with Piastri a further four points behind the Dutchman with 25 left to play for.
Norris can still become the first British driver to win the championship since Lewis Hamilton clinched the last of his seven titles in 2020.
But having entered the Qatar GP weekend with a 24-point lead over both his rivals, he will not look back too fondly on how it finished at the Lusail International Circuit
It could have been worse for Norris, though, with the McLaren driver overtaking Kimi Antonelli late in the race to seal fourth and rescue what could be two vital points in the title fight.
Norris is still in control heading towards the Abu Dhabi finale. If he finishes first, second or third in the capital, he will win the world championship – it doesn't matter where rivals Verstappen or Piastri finish.
McLaren were in control of the 57-lap contest, despite Norris dropping from second to third behind Verstappen at the start.
Piastri led, but both he and Norris were told not to pit when a safety car was deployed on the seventh lap after Nico Hulkenberg and Pierre Gasly collided.
Of the other 18 drivers, only Haas' Esteban Ocon elected not to stop for new tyres with two stops mandatory here.
That put Verstappen in the driving seat to keep his dream of winning a fifth straight title alive, and the Dutchman did not waste his opportunity, taking the chequered flag 7.9 seconds clear of Piastri with Norris – who came close to losing control of his McLaren on lap 36 of 57.
“Yeah, clearly we didn't get it right tonight,” said a disappointed Piastri after a race McLaren should have won.
“I drove the best race that I could, the fastest that I could. There was nothing left out there. I've tried my best but it wasn't to be tonight, unfortunately.
“In hindsight, it is pretty obvious what we would have done. I am sure we will discuss it as a team … I mean it is not all bad obviously. It has been a really good weekend, the pace has been very strong but it is a little bit tough to swallow at the moment.”
“It's tough, we just have to have faith in the team to make the right decision, it was a gamble and we were the ones who took the gamble in a way,” added Norris.
“Now it's the wrong decision, we shouldn't have done it. Oscar [Piastri] lost the win and I lost P2, so we didn't do a good job today.
“We've done plenty of good jobs in other races, we won the Constructors' [title] six races ago because of that. Not our finest day, but that's life.”
Verstappen has fond memories of the last time the title went down to the wire when he beat Lewis Hamilton on the last lap of the last race in Abu Dhabi in 2021.
“This was an incredible race for us, we made the right call as a team to box under that safety car and yeah that was smart,” said Verstappen. “Super happy to win here, we stayed in the fight until the end. Incredible.”
On McLaren choosing not to pit, he added: “Yeah I was like that's an interesting move, I knew then that we had a bit of a gap, but you still need to keep the tyres alive, 25 laps as well, the wear is very high around here but luckily it all worked out.”
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.”
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
MATCH INFO
Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Namibia beat Oman by 52 runs
UAE beat Namibia by eight wickets
UAE v Oman - abandoned
Oman v Namibia - abandoned
MATCH INFO
Real Madrid 2
Vinicius Junior (71') Mariano (90 2')
Barcelona 0
Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
