YAS ISLAND, ABU DHABI, UNITED ARAB EMIRATES -November 26, 2017: The final race of the Formula 1 Etihad Airways Abu Dhabi Grand Prix. ( Boris Dejanovic for the Crown Prince Court - Abu Dhabi ) ---
The Abu Dhabi Grand Prix will remain the final race of the Formula One season in 2019, although it will be held a week later than in recent years. Boris Dejanovic

F1

Abu Dhabi Grand Prix 2019 to clash with Dubai Rugby Sevens after date change

A WMSC meeting approved changes to schedule which sees the F1 season start a week earlier and end a week later than in recent years

The National

13 October, 2018

The date for the Abu Dhabi Grand Prix has been pushed back to December 1 for the 2019 season, meaning the Formula One season-concluding race will take place the day before National Day.

Announced on Friday among a series of changes approved by the FIA, F1's governing body, at a meeting of its World Motor Sport Council (WMSC), the Abu Dhabi Grand Prix will now be held a week later than its previous date, which has generally been the last Sunday of November.

It also means the race at Yas Marina Circuit next year is set to clash with the Dubai Rugby Sevens, which has traditionally been the major international sports event staged over National Day weekend in the UAE.

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Read more:

Abu Dhabi Grand Prix: Everything you need to know about the 2018 race weekend

Yas Marina Circuit chief: Abu Dhabi GP will be 'exciting' even if Hamilton is already champion

Post Malone: American rapper to perform at Abu Dhabi F1 After Race Concerts

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The UAE will celebrate its 48th National Day in 2019, with December 2 marking the date in 1971 when the emirates banded together to form the United Arab Emirates.

Despite the later date for the final race of the year, the 2019 F1 season will actually start a week earlier than in recent years, with the Australian Grand Prix in Melbourne to take place on March 17.

For the third time, following the 2016 and 2018 seasons, the 2019 calendar will comprise 21 races, eleven of which will be held in Europe, five in Asia, four in the Americas, and one in Australia.

The 2019 season will also celebrate a key milestone at the Chinese Grand Prix in Shanghai on April 14, which will be the 1000th race since F1's inception in 1950.

Other changes that were approved at the WMSC meeting on Friday, include changes to safety car regulations, where a consistent point will be established at which drivers may overtake when the safety car returns to the pits.

The meeting also signalled the end of the chequered flag, which will be replaced from 2019 with a chequered light panel.

BOSH!'s pantry essentials

Nutritional yeast

This is Firth's pick and an ingredient he says, "gives you an instant cheesy flavour". He advises making your own cream cheese with it or simply using it to whip up a mac and cheese or wholesome lasagne. It's available in organic and specialist grocery stores across the UAE.

Seeds

"We've got a big jar of mixed seeds in our kitchen," Theasby explains. "That's what you use to make a bolognese or pie or salad: just grab a handful of seeds and sprinkle them over the top. It's a really good way to make sure you're getting your omegas."

Umami flavours

"I could say soya sauce, but I'll say all umami-makers and have them in the same batch," says Firth. He suggests having items such as Marmite, balsamic vinegar and other general, dark, umami-tasting products in your cupboard "to make your bolognese a little bit more 'umptious'".

Onions and garlic

"If you've got them, you can cook basically anything from that base," says Theasby. "These ingredients are so prevalent in every world cuisine and if you've got them in your cupboard, then you know you've got the foundation of a really nice meal."

Your grain of choice

Whether rice, quinoa, pasta or buckwheat, Firth advises always having a stock of your favourite grains in the cupboard. "That you, you have an instant meal and all you have to do is just chuck a bit of veg in."

Walls

Louis Tomlinson

3 out of 5 stars

(Syco Music/Arista Records)

EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE

Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

While you're here
About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

Kanye West

Ye — the rapper formerly known as Kanye West — has seen his net worth fall to $400 million in recent weeks. That’s a precipitous drop from Bloomberg’s estimates of $6.8 billion at the end of 2021.
Ye’s wealth plunged after business partners, including Adidas, severed ties with him on the back of anti-Semitic remarks earlier this year.
West’s present net worth derives from cash, his music, real estate and a stake in former wife Kim Kardashian’s shapewear firm, Skims.

The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh289,000

Need to know

Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.

Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.

MEDIEVIL (1998)

Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5

SPEC+SHEET:+SAMSUNG+GALAXY+Z+FOLD6

Main+display: 7.6"+QXGA++Dynamic+Amoled+2X,+Infinity+Flex,+2160+x+1856,+374ppi,+HDR10+,+up+to+120Hz,+2600+nits+peak

Cover+display: 6.3"+HD++Dynamic+Amoled+2X,+2376+x+968,+402ppi,+up+to+120Hz,+2600+nits+peak

Processor: Qualcomm+Snapdragon+8+Gen+3,+4nm,+octa-core;+Adreno+750+GPU

Memory:+12GB

Capacity: 256GB/512GB/1TB

While you're here
HOW TO WATCH

Facebook: TheNationalNews

Twitter: @thenationalnews

Instagram: @thenationalnews.com

TikTok: @thenationalnews  

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

FULL FIGHT CARD

Featherweight Bout: Abdullah Al Qahtani v Taha Bendaoud
Bantamweight Bout: Ali Taleb v Nawras Abzakh
Bantamweight Bout: Xavier Alaoui v Rachid El Hazoume
Featherweight Bout: Islam Reda v Adam Meskini
Bantamweight Bout: Tariq Ismail v Jalal Al Daaja
Bantamweight Bout: Elias Boudegzdame v Hassan Mandour
Amateur Female Atomweight Bout: Hattan Al Saif v Nada Faheem
Featherweight Bout: Maraoune Bellagouit v Motaz Askar
Featherweight Bout: Ahmed Tarek v Abdelrahman Alhyasat
Showcase Featherweight Bout: Mido Mohamed v Yazeed Hasanain
Showcase Flyweight Bout: Malik Basahel v Harsh Pandya

Recipes to try
More from Neighbourhood Watch:
Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Fixtures

Wednesday, April 3

Arsenal v Luton Town, 10.30pm (UAE)

Manchester City v Aston Villa, 11.15pm (UAE)

Thursday, April 4

Liverpool v Sheffield United, 10.30pm (UAE)

UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP

Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan

Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri

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SPECS

Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

Transmission: eight-speed automatic

Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

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.”

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