• Mercedes driver Lewis Hamilton reacts after winning the 2020 Turkish Grand Prix and equalling Michael Schumacher's record of seven world titles. AP
    Mercedes driver Lewis Hamilton reacts after winning the 2020 Turkish Grand Prix and equalling Michael Schumacher's record of seven world titles. AP
  • Lewis Hamilton gets emotional after winning the Turkish GP for Mercedes. AFP
    Lewis Hamilton gets emotional after winning the Turkish GP for Mercedes. AFP
  • An emotional Lewis Hamilton after winning the Turkish GP for Mercedes, and with it the world title. Reuters
    An emotional Lewis Hamilton after winning the Turkish GP for Mercedes, and with it the world title. Reuters
  • Mercedes' Lewis Hamilton after winning the Turkish GP. Reuters
    Mercedes' Lewis Hamilton after winning the Turkish GP. Reuters
  • Mercedes' Lewis Hamilton joined Michael Schumacher as the sports' only seven times champions. Reuters
    Mercedes' Lewis Hamilton joined Michael Schumacher as the sports' only seven times champions. Reuters
  • Mercedes driver Lewis Hamilton celebrates after winning the Turkish GP at the Istanbul Park circuit racetrack on Sunday. AP
    Mercedes driver Lewis Hamilton celebrates after winning the Turkish GP at the Istanbul Park circuit racetrack on Sunday. AP
  • Mercedes' Lewis Hamilton is the most successful F1 driver of all time. Reuters
    Mercedes' Lewis Hamilton is the most successful F1 driver of all time. Reuters
  • Mercedes driver Lewis Hamilton won the Turkish GP on Sunday to clinch the world title. Getty
    Mercedes driver Lewis Hamilton won the Turkish GP on Sunday to clinch the world title. Getty
  • Lewis Hamilton of Mercedes during a wet Turkish GP in Istanbul on Sunday. EPA
    Lewis Hamilton of Mercedes during a wet Turkish GP in Istanbul on Sunday. EPA
  • Racing Point team work in the pitlane in Istanbul. Getty
    Racing Point team work in the pitlane in Istanbul. Getty
  • Mercedes Valtteri Bottas was the only other driver who could challenge Lewis Hamitlon for the world title. Getty
    Mercedes Valtteri Bottas was the only other driver who could challenge Lewis Hamitlon for the world title. Getty
  • The Turkish GP was impacted by weather over the weekend. Reuters
    The Turkish GP was impacted by weather over the weekend. Reuters
  • Conditions were challenging for drivers at the Turkish GP. Getty
    Conditions were challenging for drivers at the Turkish GP. Getty
  • Sebastian Vettel of Ferrari at Istanbul track on Sunday. Getty
    Sebastian Vettel of Ferrari at Istanbul track on Sunday. Getty

Lewis Hamilton wins record-equalling seventh world title at Turkish Grand Prix


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Most F1 world titles

7 — Michael Schumacher (1994, ’95, 2000, ’01 ’02, ’03, ’04)

7 — Lewis Hamilton (2008, ’14,’15, ’17, ’18, ’19, ’20)

5 — Juan Manuel Fangio (1951, ’54, ’55, ’56, ’57)

4 — Alain Prost (1985, ’86, ’89, ’93)

4 — Sebastian Vettel (2010, ’11, ’12, ’13)

Mercedes driver Lewis Hamilton held back the tears as he won a record-equalling seventh Formula One world championship on Sunday and became the most successful driver in the sport's history.

The Briton put on a masterclass in wet and slippery conditions to take a record-extending 94th career win at the Turkish Grand Prix and secure the title with three races to spare.

Only Ferrari great Michael Schumacher has seven titles to his name, a number once thought unlikely ever to be matched. But most of the German's records have passed to Hamilton.

So complete was Hamilton's domination that he lapped sole rival and team mate Valtteri Bottas with 12 laps to go on a nightmare afternoon for the Finn who finished 14th.

Hamilton already had more race wins, pole positions and podium finishes than anyone in the history of the sport but, despite starting a season-low sixth, the 35-year-old was determined to add to the tally.

"Thank you so much guys...that's for all the kids out there who dream the impossible. You can do it too man, I believe in you guys," he said over the radio after taking the chequered flag.

The Briton finished a massive 31.6 seconds clear of Racing Point's second-placed Mexican Sergio Perez in a race run behind closed doors due to the pandemic.

"Seven is just unimaginable but when you work with such a great group of people and you really trust each other, there is just no end to what can do together," said Hamilton, who has yet to sign a new deal for 2021.

"I feel like I'm only just getting started."

Hamilton was congratulated after parking up by Perez, who still has no seat for 2021, and Ferrari's Sebastian Vettel who completed the podium in a race full of spins and changes of lead.

"I told him that it was very special for us because we can witness history being made today," said Vettel, a four-times world champion with Red Bull and on the podium for the first time this year.

"There is no doubt Lewis is the greatest in terms of what he has achieved."

Bottas, who said over the radio four laps from the end that he wished the race was already finished, also went across to extend his hand.

Mercedes had already won the constructors' championship for a seventh year in a row, an unprecedented feat.

While Perez started third and eked out his tyres, Canadian team mate Lance Stroll saw his dreams of a first win disappear after leading from his first pole position.

He finished ninth, the slide down the order starting when he pitted on lap 37.

Ferrari's Charles Leclerc took fourth place, after passing Perez on the last lap but then sliding wide, with Spaniard Carlos Sainz fifth for McLaren and Red Bull's Max Verstappen sixth.

Red Bull's Alexander Albon was seventh with Lando Norris eighth for McLaren and taking a bonus point for the fastest lap. Australian Daniel Ricciardo was 10th for Renault.

Hamilton said there was a point where he thought the race was slipping away from him, and the constant threat of rain added to the sense of uncertainty.

When the team suggested he pit for fresh tyres towards the end, given the safety of his lead and the amount of laps done on the worn intermediates, he over-ruled them.

"I lost a world championship in the pit-lane, I learned my lesson from 2007, that's for sure. I felt like I really had it under control and I was going to deal with the rain if it dropped," said the former McLaren driver.

HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

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Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Results:

6.30pm: Maiden Dh165,000 2,000m - Winner: Powderhouse, Sam Hitchcott (jockey), Doug Watson (trainer)

7.05pm: Handicap Dh165,000 2,200m - Winner: Heraldic, Richard Mullen, Satish Seemar

7.40pm: Conditions Dh240,000 1,600m - Winner: Walking Thunder, Connor Beasley, Ahmed bin Harmash

8.15pm: Handicap Dh190,000 2,000m - Winner: Key Bid, Fernando Jara, Ali Rashid Al Raihe

8.50pm: The Garhoud Sprint Listed Dh265,000 1,200m - Winner: Drafted, Sam Hitchcott, Doug Watson

9.25pm: Handicap Dh170,000 1,600m - Winner: Cachao, Tadhg O’Shea, Satish Seemar

10pm: Handicap Dh190,000 1,400m - Winner: Rodaini, Connor Beasley, Ahmed bin Harmash

Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

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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Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Diriyah%20project%20at%20a%20glance
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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

Last 10 winners of African Footballer of the Year

2006: Didier Drogba (Chelsea and Ivory Coast)
2007: Frederic Kanoute (Sevilla and Mali)
2008: Emmanuel Adebayor (Arsenal and Togo)
2009: Didier Drogba (Chelsea and Ivory Coast)
2010: Samuel Eto’o (Inter Milan and Cameroon)
2011: Yaya Toure (Manchester City and Ivory Coast)
2012: Yaya Toure (Manchester City and Ivory Coast)
2013: Yaya Toure (Manchester City and Ivory Coast)
2014: Yaya Toure (Manchester City and Ivory Coast)
2015: Pierre-Emerick Aubameyang (Borussia Dortmund and Gabon)
2016: Riyad Mahrez (Leicester City and Algeria)

Our legal consultants

Name: Hassan Mohsen Elhais

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

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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Takreem Awards winners 2021

Corporate Leadership: Carl Bistany (Lebanon)

Cultural Excellence: Hoor Al Qasimi (UAE)

Environmental Development and Sustainability: Bkerzay (Lebanon)

Environmental Development and Sustainability: Raya Ani (Iraq)

Humanitarian and Civic Services: Women’s Programs Association (Lebanon)

Humanitarian and Civic Services: Osamah Al Thini (Libya)

Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)

Outstanding Arab Woman: Balghis Badri (Sudan)

Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)

Young Entrepreneur: Omar Itani (Lebanon)

Lifetime Achievement: Suad Al Amiry (Palestine)

LEADERBOARD
%3Cp%3E-19%20T%20Fleetwood%20(Eng)%3B%20-18%20R%20McIlroy%20(NI)%2C%20T%20Lawrence%20(SA)%3B%20-16%20J%20Smith%3B%20-15%20F%20Molinari%20(Ita)%3B%20-14%20Z%20Lombard%20(SA)%2C%20S%20Crocker%20(US)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESelected%3A%20%3C%2Fstrong%3E-11%20A%20Meronk%20(Pol)%3B%20-10%20E%20Ferguson%20(Sco)%3B%20-8%20R%20Fox%20(NZ)%20-7%20L%20Donald%20(Eng)%3B%20-5%20T%20McKibbin%20(NI)%2C%20N%20Hoejgaard%20(Den)%3C%2Fp%3E%0A

COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

Representing%20UAE%20overseas
%3Cp%3E%0DIf%20Catherine%20Richards%20debuts%20for%20Wales%20in%20the%20Six%20Nations%2C%20she%20will%20be%20the%20latest%20to%20have%20made%20it%20from%20the%20UAE%20to%20the%20top%20tier%20of%20the%20international%20game%20in%20the%20oval%20ball%20codes.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESeren%20Gough-Walters%20(Wales%20rugby%20league)%3C%2Fstrong%3E%0D%3Cbr%3EBorn%20in%20Dubai%2C%20raised%20in%20Sharjah%2C%20and%20once%20an%20immigration%20officer%20at%20the%20British%20Embassy%20in%20Abu%20Dhabi%2C%20she%20debuted%20for%20Wales%20in%20rugby%20league%20in%202021.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESophie%20Shams%20(England%20sevens)%3C%2Fstrong%3E%0D%3Cbr%3EWith%20an%20Emirati%20father%20and%20English%20mother%2C%20Shams%20excelled%20at%20rugby%20at%20school%20in%20Dubai%2C%20and%20went%20on%20to%20represent%20England%20on%20the%20sevens%20circuit.%20%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3EFiona%20Reidy%20(Ireland)%3C%2Fstrong%3E%0D%3Cbr%3EMade%20her%20Test%20rugby%20bow%20for%20Ireland%20against%20England%20in%202015%2C%20having%20played%20for%20four%20years%20in%20the%20capital%20with%20Abu%20Dhabi%20Harlequins%20previously.%0D%3C%2Fp%3E%0A
Most F1 world titles

7 — Michael Schumacher (1994, ’95, 2000, ’01 ’02, ’03, ’04)

7 — Lewis Hamilton (2008, ’14,’15, ’17, ’18, ’19, ’20)

5 — Juan Manuel Fangio (1951, ’54, ’55, ’56, ’57)

4 — Alain Prost (1985, ’86, ’89, ’93)

4 — Sebastian Vettel (2010, ’11, ’12, ’13)