Former champion Coulthard says it will be crucial to see how Jenson Button reacts to the constant clamour by those doubting his abilities.
Former champion Coulthard says it will be crucial to see how Jenson Button reacts to the constant clamour by those doubting his abilities.
Former champion Coulthard says it will be crucial to see how Jenson Button reacts to the constant clamour by those doubting his abilities.
Former champion Coulthard says it will be crucial to see how Jenson Button reacts to the constant clamour by those doubting his abilities.

'Button should be ahead'


Paul Radley
  • English
  • Arabic

Jenson Button has been backed to recover from motor racing's equivalent of the yips in time to revive his stalled world title challenge by one of Britain's most successful Formula One drivers. Button has taken just 11 points from the past five races heading into this weekend's Italian Grand Prix at Monza, and has shown signs of wilting in the heat at the head of the championship.

He still holds a 16-point lead at the top ahead of his teammate Rubens Barrichello, but remains under pressure. Despite the fact he is a consultant and test driver for Red Bull Racing, the closest challengers to Button's Brawn GP team, David Coulthard tipped his compatriot to stave off his rivals and carry off the title. Coulthard said the key to success will be whether Button can discount the increasing clamour expressing doubts over his temperament.

"He is still leading the championship and the battle is coming from within, which is better than having to fight off other teams," said Coulthard, who amassed more points in F1 than any other British driver. "Red Bull are the nearest challengers, and their drivers are nearly 20 points behind. I think he will hold on, but it will go down to the wire. As a professional driver he will know there is a lot of extra pressure that goes along with the competition.

"I remember well when I was a driver, one thing that would really wind me up would be having to answer the same question that had been repeatedly asked 30 times before. "It does become annoying. I don't know how you are supposed to deal with it. It will be interesting to see how he reacts to that in the remaining races." Martin Brundle, another former Grand Prix driver from Britain, also tipped Button to take the title even if it does go down to the season finale at the new Yas Marina circuit in Abu Dhabi.

"The championship might be very much down to the wire at an all new venue," he said. "I think Jenson can claw back the momentum. He has tightened up in the car, and seems to have the motor racing equivalent of golf's yips. "It is much easier to chase than be chased. If some of the others get into a potential championship-winning position they might find the same pressure. "Jenson still has a 16-point lead at the start of Monza. His teammate has to take three points per race off him, Red Bull's guys have to take four points per race.

"Somehow or other, he should still be ahead going into the final race. As long as he doesn't have a couple of disasters, like another first lap shunt or an engine failure, it is still his to lose." Coulthard and Brundle will host the Abu Dhabi Chequered Flag ball at the Intercontinental Hotel on October 29. pradley@thenational.ae

UAE currency: the story behind the money in your pockets
How Voiss turns words to speech

The device has a screen reader or software that monitors what happens on the screen

The screen reader sends the text to the speech synthesiser

This converts to audio whatever it receives from screen reader, so the person can hear what is happening on the screen

A VOISS computer costs between $200 and $250 depending on memory card capacity that ranges from 32GB to 128GB

The speech synthesisers VOISS develops are free

Subsequent computer versions will include improvements such as wireless keyboards

Arabic voice in affordable talking computer to be added next year to English, Portuguese, and Spanish synthesiser

Partnerships planned during Expo 2020 Dubai to add more languages

At least 2.2 billion people globally have a vision impairment or blindness

More than 90 per cent live in developing countries

The Long-term aim of VOISS to reach the technology to people in poor countries with workshops that teach them to build their own device

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.”

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