Kimi Raikkonen was fastest in final practice for the Malaysian Grand Prix as championship leader Lewis Hamilton again failed to trouble the front-runners.
The Ferrari duo of Raikkonen and Sebastian Vettel set the pace on Saturday morning in Sepang, with the Finn clocking an unbeatable time of 1 min 31.880 seconds.
It was not all plain sailing for Ferrari as Vettel was forced to return to his garage towards the end of the session after slowing down on track.
Hamilton had suffered what he labelled a "very difficult" day on Friday as he was unable to get within a second of Vettel, who is looking to close a 28-point gap in the drivers' standings to the Mercedes man.
It improved only slightly for Hamilton, who was fifth fastest, with his teammate Valtteri Bottas ahead in fourth.
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The Red Bulls could also threaten Hamilton's hopes of a strong qualifying - both were fast in Friday's running and Daniel Ricciardo was the man who got closest to the Ferraris again.
The second Red Bull of Max Verstappen was sixth fastest despite a late collision with Renault's Jolyon Palmer.
The Force India pair of Sergio Perez and Esteban Ocon sandwiched eighth-place Felipe Massa and Stoffel Vandoorne's McLaren rounded out the top 10.
Fernando Alonso was next in the sister McLaren with Lance Stroll's Williams ahead of the Haas of Kevin Magnussen.
Renault's Nico Hulkenberg was 14th, with Carlos Sainz and Pierre Gasly next up in the Toro Rossos, Palmer only able to take 17th before his late coming together with Verstappen.
Romain Grosjean had suffered a big crash on Friday after his Haas hit an uncovered drain and the Frenchman was 18th in final practice ahead of the Sauber duo of Marcus Ericsson and Pascal Wehrlein.
Grosjean's freak crash
Formula One inspectors have given the Sepang circuit the all-clear, race organisers said on Saturday, after a loose drain caused a shocking tyre explosion during Malaysian Grand Prix practice on Friday.
Romain Grosjean's Haas was flung into the barriers at high speed on Friday after a drain grille, which should have been welded down securely, popped up at a kerb on Turn 9 after Kimi Raikkonen's Ferrari drove over it.
"All drain covers were inspected last night. It was reinforced - double checked, triple checked," the Sepang circuit's chief executive Razlan Razali told AFP on Saturday.
"If FIA do not say anything the race is good to go. We only listen to the FIA," he added ahead of Saturday's final practice and qualifying sessions.
Watch the crash
In the freak incident, Grosjean's car spun after he hit the raised metal drain cover at more than 200 kilometres per hour causing huge damage to his Haas.
The impact instantly ripped his right rear tyre from its rim and sent the out-of-control car careering into the safety barriers with an impact estimated at 17G - or 17 times the force of gravity.
Following the Frenchman's crash, safety officials spent Friday evening checking every drain cover at the 5.543km circuit.
"All drain covers were inspected last night. It was reinforced, double checked … triple checked," Razlan said, adding that there had been an FIA inspection earlier in the week which had declared the track safe.
"On Thursday, the FIA did a track inspection. We got a clean go to race," he said.
The FIA stewards at Sepang gave Haas special permission to repair Grosjean's car due to the unusual nature of the incident.
Under F1 rules, teams must normally observe a strict overnight curfew, during which they are not permitted to work on their cars.
Officials said in a statement that it was because they "consider that the circumstances causing the crash of Car 8 were entirely and clearly beyond the control of the Driver and the Competitor".
It came after an angry Haas team principal Guenther Steiner slammed the state of the track.
"Thank God he didn’t get hurt or anything," he said on Friday.
"The car is damaged, in my opinion, things like this in 2017 shouldn’t happen on a permanent circuit, they shouldn’t happen on any circuit. This is, in my opinion, not acceptable. This is not up to the standards."
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.”
Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
Hurricanes 31-31 Lions
Wellington Hurricanes:
Tries: Gibbins, Laumape, Goosen, Fifita tries, Barrett
Conversions: Barrett (4)
Penalties: Barrett
British & Irish Lions:
Tries: Seymour (2), North
Conversions: Biggar (2)
Penalties: Biggar (4)
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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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)
RESULT
Arsenal 2
Sokratis Papastathopoulos 45 4'
Eddie Ntkeiah 51'
Portsmouth 0
THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
Global state-owned investor ranking by size
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Mohammed bin Zayed Majlis
The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Baby Driver
Director: Edgar Wright
Starring: Ansel Elgort, Kevin Spacey, Jamie Foxx, Lily James
Three and a half stars
Babumoshai Bandookbaaz
Director: Kushan Nandy
Starring: Nawazuddin Siddiqui, Bidita Bag, Jatin Goswami
Three stars
Director: Jon Favreau
Starring: Donald Glover, Seth Rogen, John Oliver
Rating: 2 out of 5 stars
Veil (Object Lessons)
Rafia Zakaria
Bloomsbury Academic
The biog
Favourite pet: cats. She has two: Eva and Bito
Favourite city: Cape Town, South Africa
Hobby: Running. "I like to think I’m artsy but I’m not".
Favourite move: Romantic comedies, specifically Return to me. "I cry every time".
Favourite spot in Abu Dhabi: Saadiyat beach
RACE SCHEDULE
All times UAE ( 4 GMT)
Friday, September 29
First practice: 7am - 8.30am
Second practice: 11am - 12.30pm
Saturday, September 30
Qualifying: 1pm - 2pm
Sunday, October 1
Race: 11am - 1pm