Lewis Hamilton sneaked into fifth place in Brazil in 2008 to deny Ferrari's Felipe Massa the drivers' title on home turf.
Lewis Hamilton sneaked into fifth place in Brazil in 2008 to deny Ferrari's Felipe Massa the drivers' title on home turf.
Lewis Hamilton sneaked into fifth place in Brazil in 2008 to deny Ferrari's Felipe Massa the drivers' title on home turf.
Lewis Hamilton sneaked into fifth place in Brazil in 2008 to deny Ferrari's Felipe Massa the drivers' title on home turf.

Ferrari hope that history does not repeat itself in Brazil


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Ferrari have been here before. Today, for the fourth time in six years, the Italian manufacturers arrive at a grand prix circuit on the final day of the Formula One season capable of securing the world drivers' championship.

And yet not since 2007 have they finished the job off successfully. For a storied marque, recently ranked the 15th most valuable team in the world by Forbes magazine, such statistics make for depressive reading.

And with Red Bull Racing, chief tormentor for the past three years, undoubtedly the fastest growing team in terms of financial muscle, success on track soon is becoming increasingly important.

Today, Fernando Alonso, Ferrari's Spaniard, needs a minor miracle if he is to overturn Red Bull and Sebastian Vettel's 13-point advantage and avoid last-day despondency for both his Italian marque and Stefano Domenicali, the Italian promoted to team principal in 2008, for the third time in five years.

"We need to go into the race trying to be perfect on our side and then seeing what's going to happen. That's the only thing we can do," Domenicali said.

"We have nothing to lose, because we are already behind. We need to go there with a rational approach, to try to be there and if an opportunity arises, we need to be prepared to take it."

It is a similar situation to how Ferrari arrived at Interlagos in 2007 when Kimi Raikkonen produced the surprise of the year to come from third in the drivers' championship standings to secure the title at the season-ending Brazilian Grand Prix.

On that afternoon, it was McLaren who experienced the heart-break of last-gasp failure as Alonso and Lewis Hamilton finished tied on points in second while the Finn claimed Ferrari a record 15th championship.

Since that memorable afternoon, however, the racing boot has been on the other foot with Ferrari losing titles at the death in both 2008 and 2010.

Domenicali concedes such memories are still painfully raw in his mind.

At the season-ending race in Abu Dhabi two years ago, Vettel shocked the paddock by taking the title at the expense of Alonso in what Domenicali calls the "most frustrating" of his team's recent title losses.

"We had a couple of situations to handle and it was our fault that we were not able to do it, for a mistake that we made; we didn't help Fernando," he told The National, referring to a poor strategic call that put Alonso on the back-foot. "That season we didn't have the best car. I believe that we were able to always be there winning a lot of races, but we lost the championship. This is, I would say, the heaviest of my thoughts on the past."

It is 2008, however, that will for ever be etched in the memories of all involved with Formula One after providing the most dramatic finish in the sport's six-decade history.

Hamilton arrived, again at Interlagos, leading the championship. He needed only to finish in fifth place to secure his maiden title, at the age of 23, and deny Ferrari's Felipe Massa a championship win in front of his home fans.

Hamilton, starting on pole, slipped to fourth and then, following a typical Paulistano deluge, dropped two more positions to sixth.

Massa passed the chequered flag first and the Italian team's staff celebrated what they presumed to be the championship.

Only instead, as Hamilton negotiated the final corner, he passed Timo Glock's Toyota to claim fifth and a sensational title win. On witnessing the events unfold, Massa's father, celebrating in the team garage, saw his joy evaporate uncontrollably while a member of Ferrari's staff smashed a glass boarding in a fit of rage.

"In 2008, we were able to win the constructors' title and have Felipe as world champion for 20 seconds in a championship where I would say we lost mainly because the car was not reliable enough," Domenicali said.

"Felipe did an incredible job that year and we were very disappointed for him, because I think we deserved it." Unsurprisingly, it is the spirit of 2007 that Ferrari are looking to channel today as they hope for what Alonso calls "a strange combination of results".

Rain would certainly help his chances and, with a deluge similar to that of 2008 forecasted, nothing can be ruled out. How Domenicali prepares his team strategically and mentally will be fascinating to witness.

"We are in a different spirit to 2008 and 2010," Domenicali said. "We cannot look back; whatever will be the outcome, we need to accept it.

"Therefore I would say our mindset is closer to what we had in 2007 at the moment.

"That year, we were in a situation where honestly we had the same approach as at this race: try to do the best job we could, but knowing the opponent was very strong and the race evolved in a situation where we were able, as a team, to work extremely well."

Experience counts and Ferrari have been here before.

Yet the result is no longer in their hands: if Vettel finishes in the top five, the championship goes to Red Bull.

And Domenicali and his team complete the most unwelcome of sporting hat-tricks.

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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.”

Du Football Champions

The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.

The%20specs
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Russia's Muslim Heartlands

Dominic Rubin, Oxford

Two-step truce

The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.

By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National. 

The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.

The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.

The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.

TEACHERS' PAY - WHAT YOU NEED TO KNOW

Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills

- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The specs

Engine: 1.6-litre 4-cyl turbo and dual electric motors

Power: 300hp at 6,000rpm

Torque: 520Nm at 1,500-3,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.0L/100km

Price: from Dh199,900

On sale: now

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

if you go

The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow. 
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes). 

Match info

Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')

Southampton 0

The specs

Engine: 2.9-litre twin-turbo V6

Power: 540hp at 6,500rpm

Torque: 600Nm at 2,500rpm

Transmission: Eight-speed auto

Kerb weight: 1580kg

Price: From Dh750k

On sale: via special order

Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

HOW TO WATCH

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SPEC SHEET

Display: 6.8" edge quad-HD  dynamic Amoled 2X, Infinity-O, 3088 x 1440, 500ppi, HDR10 , 120Hz

Processor: 4nm Snapdragon 8 Gen 1/Exynos 2200, 8-core

Memory: 8/12GB RAM

Storage: 128/256/512GB/1TB

Platform: Android 12

Main camera: quad 12MP ultra-wide f/2.2, 108MP wide f/1.8, 10MP telephoto f/4.9, 10MP telephoto 2.4; Space Zoom up to 100x, auto HDR, expert RAW

Video: 8K@24fps, 4K@60fps, full-HD@60fps, HD@30fps, super slo-mo@960fps

Front camera: 40MP f/2.2

Battery: 5000mAh, fast wireless charging 2.0 Wireless PowerShare

Connectivity: 5G, Wi-Fi, Bluetooth 5.2, NFC

I/O: USB-C

SIM: single nano, or nano and SIM, nano and nano, eSIM/nano and nano

Colours: burgundy, green, phantom black, phantom white, graphite, sky blue, red

Price: Dh4,699 for 128GB, Dh5,099 for 256GB, Dh5,499 for 512GB; 1TB unavailable in the UAE

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

Mountain Classification Tour de France after Stage 8 on Saturday: 

  • 1. Lilian Calmejane (France / Direct Energie) 11
  • 2. Fabio Aru (Italy / Astana) 10
  • 3. Daniel Martin (Ireland / Quick-Step) 8
  • 4. Robert Gesink (Netherlands / LottoNL) 8
  • 5. Warren Barguil (France / Sunweb) 7
  • 6. Chris Froome (Britain / Team Sky) 6
  • 7. Guillaume Martin (France / Wanty) 6
  • 8. Jan Bakelants (Belgium / AG2R) 5
  • 9. Serge Pauwels (Belgium / Dimension Data) 5
  • 10. Richie Porte (Australia / BMC Racing) 4
25%20Days%20to%20Aden
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