• Lewis Hamilton, centre, celebrates victory along side second placed Max Verstappen, left, and Valtteri Bottas who finished third. EPA
    Lewis Hamilton, centre, celebrates victory along side second placed Max Verstappen, left, and Valtteri Bottas who finished third. EPA
  • Lewis Hamilton celebrates on the podium after the Spanish Grand Prix. AFP
    Lewis Hamilton celebrates on the podium after the Spanish Grand Prix. AFP
  • Lewis Hamilton celebrates after his victory in the Spanish Grand Prix on Sunday, August 16. EPA
    Lewis Hamilton celebrates after his victory in the Spanish Grand Prix on Sunday, August 16. EPA
  • Mercedes driver Lewis Hamilton ahead of Max Verstappen of Red Bull at Barcelona's Circuit de Catalunya. EPA
    Mercedes driver Lewis Hamilton ahead of Max Verstappen of Red Bull at Barcelona's Circuit de Catalunya. EPA
  • Mercedes' Valtteri Bottas during Sunday's race. Reuters
    Mercedes' Valtteri Bottas during Sunday's race. Reuters
  • Race winner Lewis Hamilton. EPA
    Race winner Lewis Hamilton. EPA
  • Lewis Hamilton after the race. Getty
    Lewis Hamilton after the race. Getty
  • Ferrari's Sebastian Vettel on his way to a seventh-place finish. AFP
    Ferrari's Sebastian Vettel on his way to a seventh-place finish. AFP
  • Mercedes' Lewis Hamilton makes a pitstop. Reuters
    Mercedes' Lewis Hamilton makes a pitstop. Reuters
  • Alfa Romeo's Kimi Raikkonen and Max Verstappen of Red Bull during the race. Getty
    Alfa Romeo's Kimi Raikkonen and Max Verstappen of Red Bull during the race. Getty
  • Racing Point teammates Lance Strol, left, and Sergio Perez. EPA
    Racing Point teammates Lance Strol, left, and Sergio Perez. EPA

'Far beyond what I dreamt of' – Lewis Hamilton nears Michael Schumacher's F1 record


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Lewis Hamilton described breaking Michael Schumacher's Formula One podium record as beyond his childhood dreams.

The Mercedes driver finished 24 seconds clear of Max Verstappen and 44 seconds ahead of teammate Valtteri Bottas in a crushing performance at Sunday's Spanish Grand Prix to extend his lead at the summit of the world championship.

Hamilton is now 37 points clear of Red Bull driver Verstappen.

While Hamilton's 88th career victory moved him to within just three of Schumacher's all-time win tally - one he could now match at Ferrari's 1,000th Grand Prix in Tuscany on September 13 - he also toppled the German's record podium finishes.

No driver in Formula One's 70-year history has stood on a grand prix rostrum more times than Hamilton's stunning 156 visits from 256 starts.

"We all grew up watching Michael and dreaming of one day being here," said Hamilton. "What is happening right now is far beyond what I dreamt of as a kid and I am incredibly grateful for the opportunity that I am given every day.

"Michael was an incredible athlete and driver so I just feel humble and honoured to be mentioned in the same light as a driver like him, like Ayrton Senna and like Juan Manuel Fangio, too. I hope the Hamilton family are also proud."

Hamilton will head to the seventh round in Belgium a week on Sunday knowing that a win there, and then in Imola a week later, will provide him with the opportunity to equal Schumacher's 91 victories - the last of which he recorded in China in 2006 - at Ferrari's home track in Mugello. The Briton also remains comfortably on course to equal Schumacher's seven titles this season.

The 35-year-old is the sport's sole black driver and he has already said that winning the championship alongside his personal fight against racism will rank as his greatest achievement.

Lewis Hamilton on the grid wearing a 'Black Lives Matter' T-shirt prior to the Spanish Grand Prix. Getty
Lewis Hamilton on the grid wearing a 'Black Lives Matter' T-shirt prior to the Spanish Grand Prix. Getty

Hamilton, who has taken a knee before every race this season, pointed towards the Black Lives Matter logo on top of his helmet as he celebrated Sunday's thumping win.

"Lewis has always been at his best when fighting adversity, and the Black Lives Matter movement is close to his heart," said Mercedes team principal Toto Wolff. "So, it certainly helps him in terms of motivation.

"I am always impressed with how Lewis develops every season. He gets better, in terms of his personality, his driving, and that is really inspiring.

"As a man in his mid-thirties, he is able to show how you can develop as a personality, how you can improve your game, and how you can have interests outside of motor racing that make you stronger."

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Name: Dr Hassan Mohsen Elhais

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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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T20 WORLD CUP 

2024: US and West Indies; 2026: India and Sri Lanka; 2028: Australia and New Zealand; 2030: England, Ireland and Scotland 

ODI WORLD CUP 

2027: South Africa, Zimbabwe and Namibia; 2031: India and
Bangladesh 

CHAMPIONS TROPHY 

2025: Pakistan; 2029: India  

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Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
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Current number of staff: More than 150
Funds raised: $22 million

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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  • Option 3: 30% across five years 
FIGHT CARD

Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)

Catchweight 75kg Leandro Martins (BRA) v Anas Siraj Mounir (MAR)

Flyweight Corinne Laframboise (CAN) v Manon Fiorot (FRA)

Featherweight Ahmed Al Darmaki (UAE) v Bogdan Kirilenko (UZB)

Lightweight Izzedine Al Derabani (JOR) v Atabek Abdimitalipov (KYG)

Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)

Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)

Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)

Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)

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The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

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Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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7.40pm: UAE 2000 Guineas Group 3 | $250,000 (D) | 1,600m

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8.15pm: Handicap | $135,000 (T) | 1,800m

Winner: Nordic Lights, William Buick, Charlie Appleby

8.50pm: Al Maktoum Challenge Round 2 Group 2 | $450,000 (D) | 1,900m

Winner: North America, Richard Mullen, Satish Seemar

9.25pm: Handicap | $175,000 (T) | 1,200m

Winner: Mazzini, Adrie de Vries, Fawzi Nass

10pm: Handicap | $135,000 (T) | 1,400m.

Winner: Mubtasim, William Buick, Charlie Appleby

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed