Ferrari's Charles Leclerc celebrates after taking pole position after the qualifying session for the Formula One Singapore Grand Prix at the Marina Bay Street Circuit in Singapore. AFP
Ferrari's Charles Leclerc celebrates after taking pole position after the qualifying session for the Formula One Singapore Grand Prix at the Marina Bay Street Circuit in Singapore. AFP
Ferrari's Charles Leclerc celebrates after taking pole position after the qualifying session for the Formula One Singapore Grand Prix at the Marina Bay Street Circuit in Singapore. AFP
Ferrari's Charles Leclerc celebrates after taking pole position after the qualifying session for the Formula One Singapore Grand Prix at the Marina Bay Street Circuit in Singapore. AFP

Singapore Grand Prix: Ferrari's Charles Leclerc stuns with pole hat-trick


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Charles Leclerc secured a hat-trick of pole positions to put his Ferrari at the front of grid for Sunday's Singapore Grand Prix.

Formula One's man of the moment continued his dazzling form under the thousands of bulbs that light up the Marina Bay Street Circuit to see off Lewis Hamilton's late salvo by just 0.191 seconds.

Sebastian Vettel had been on provisional pole, but he was forced to abort his final run and will start from a disappointing third, with Hamilton splitting the Ferraris.

Leclerc will now be the favourite to secure his third consecutive victory with every pole-sitter, bar Vettel two years' ago, going on to take the chequered flag.

Red Bull driver Max Verstappen lines up from fourth with Valtteri Bottas fifth for Mercedes.

Ferrari's machinery was not expected to suit this slow-speed venue, but Leclerc's fine performance provides them with every chance of securing their third win since the summer break.

Hamilton complained about the balance of his car following his first assault on pole and crossed the line one second off the pace. But the world champion delivered an impressive time with his final throw of the dice to be in contention for victory tomorrow.

"I am extremely happy about today," said Leclerc. "It was a very good lap but there were some moments where I thought I lost the car, but I got it back.

"We came here knowing that it would be a difficult track for us but the team has done an incredible job to bring the package we needed. I had a tough Friday, it was not my day, and I didn't feel comfortable in the car, but the hard work has paid off."

Hamilton holds a 63-point lead over Bottas of Mercedes in the title race with seven rounds remaining.

The Briton said he would adopt an aggressive approach to Sunday's race in search of a ninth victory of the season, as he seeks a sixth world championship.

"I don’t know where Ferrari picked up their pace because this is not known to be one of their tracks, but they did a great job," said the four-time Singapore winner.

"It was very, very close. I’m sure I nearly hit the wall a couple of times but it was as much as I could get out of the car."

Saturday was the seventh successive time the four-time world champion Vettel, without a win for more than a year, had been outqualified by Leclerc.

"Obviously, the final attempt should have been better, but the car was quick and I was feeling good,” said the 32-year-old whose future at Ferrari is the subject of much speculation despite having a contract that runs until the end of 2020.

"We had a tiny wobble so there was no point finishing the lap because we were quite far behind," Vettel added.

"It will certainly feel different tomorrow, but it should be a good race."

Dutch 21-year-old Verstappen will still fancy his chances with Red Bull finishing second in Singapore for the last five years.

Bottas, who has never started the race in the top three, qualified fifth. Thai rookie Alexander Albon, in only his third start for Red Bull after moving up from Toro Rosso, lines up sixth in what is almost a home race.

Carlos Sainz qualified seventh for McLaren ahead of Renault pair Daniel Ricciardo and Nico Hulkenberg with McLaren’s British rookie Lando Norris rounding out the top 10.

Dense smog from forest fires in neighbouring Indonesia had floated over Singapore in the past week, sparking concerns the F1 could be affected.

Air quality hovered around "unhealthy" levels in parts of the city Saturday evening but only a light haze was visible and did not affect the race.

Green ambitions
  • Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
  • Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
  • Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
  • Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water 
Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat

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.”

Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

UAE currency: the story behind the money in your pockets

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

Specs

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Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company

Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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EA Sports FC 25
Madrid Open schedule

Men's semi-finals

Novak Djokovic (1) v Dominic Thiem (5) from 6pm

Stefanos Tsitsipas (8) v Rafael Nadal (2) from 11pm

Women's final

Simona Halep (3) v Kiki Bertens (7) from 8.30pm