• Dakar Rally leader Stephane Peterhansel - and co-driver Edouard Boulanger - drive by the Red Sea during Stage 9 of the Dakar Rally on Tuesday, January 12. AFP
    Dakar Rally leader Stephane Peterhansel - and co-driver Edouard Boulanger - drive by the Red Sea during Stage 9 of the Dakar Rally on Tuesday, January 12. AFP
  • Russia's Vladimir Vasilyev - and co-driver Dmitro Tsyrov of Ukraine - in his Mini
    Russia's Vladimir Vasilyev - and co-driver Dmitro Tsyrov of Ukraine - in his Mini
  • British biker Sam Sunderland during Stage 9 around Neom in Saudi Arabia. AFP
    British biker Sam Sunderland during Stage 9 around Neom in Saudi Arabia. AFP
  • Qatari driver Nasser Al-Attiyah Nasser and Matthieu Baumel during Stage 9. EPA
    Qatari driver Nasser Al-Attiyah Nasser and Matthieu Baumel during Stage 9. EPA
  • Toyota's Jakub Przygonski - and his co-driver Timo Gottschalk - during Stage 9. AFP
    Toyota's Jakub Przygonski - and his co-driver Timo Gottschalk - during Stage 9. AFP
  • Action from Stage 9. AFP
    Action from Stage 9. AFP
  • Action from Stage 9. AFP
    Action from Stage 9. AFP
  • Monster Energy Yamaha Rally Team's Adrien van Beveren. Reuters
    Monster Energy Yamaha Rally Team's Adrien van Beveren. Reuters
  • Red Bull KTM Factory Team's Sam Sunderland. Reuters
    Red Bull KTM Factory Team's Sam Sunderland. Reuters
  • An aerial view of the teams' camp. AFP
    An aerial view of the teams' camp. AFP
  • Action from Stage 9. AFP
    Action from Stage 9. AFP
  • Action from Stage 9. AFP
    Action from Stage 9. AFP
  • Hero Motosports Team Rally's Sebastian Buhler. Reuters
    Hero Motosports Team Rally's Sebastian Buhler. Reuters
  • Toyota's Jakub Przygonski - and co-driver Timo Gottschalk - during Stage 9. EPA
    Toyota's Jakub Przygonski - and co-driver Timo Gottschalk - during Stage 9. EPA
  • Honda's Jose Ignacio Cornejo Florimo of Chile. EPA
    Honda's Jose Ignacio Cornejo Florimo of Chile. EPA

Dakar Rally leader Stephane Peterhansel wins his first stage of this year's race


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Stephane Peterhansel won his first stage of this Dakar Rally and stretched his overall lead after mishaps by rivals Nasser Al-Attiyah and defending champion Carlos Sainz on Tuesday.

Peterhansel has led the rally for nine straight days but finally won a stage when French countryman Mathieu Serradori broke down while leading 80 kilometres from the finish of the 465-km loop around Neom in northern Saudi Arabia.

Peterhansel finished ahead of Al-Attiyah by 12 minutes, pushing his lead over the Qatari to a handy 18 minutes with three stages to go.

"It was a real Dakar stage, a little bit like in the past in Africa, where it was not only a question of speed but it was also a question of strategy, just to adapt the speed to the condition of the tracks,” Peterhansel said.

Al-Attiyah suffered three tire punctures which left him with no spares on the stage.

"We can't change anything with the tires. That's life, I'm not disappointed,” Al-Attiyah said. “I'm here at the finishing line. Everything is possible.”

Sainz was the only other driver within two hours of Peterhansel overall. The Spaniard was an hour back after suffering another puncture and a brakes problem.

There was mayhem in the motorbike race as two-time champion Toby Price of Australia and Luciano Benavides of Argentina crashed and had to be airlifted to hospital.

Price, second overall, fell about 150km in and injured his left arm and shoulder. Ricky Brabec and Sam Sunderland waited with him until the helicopter arrived. Benavides, lying 10th overall, crashed after about 240km and hurt his shoulder.

Ross Branch, 13th overall, was also out after his Yamaha engine broke down.

Kevin Benavides' second stage win of this Dakar improved the Argentine, the older brother of the injured Luciano, from fourth overall to second, 11 minutes behind leader Jose Ignacio Cornejo of Chile.

"Everyone is starting to push, to play their last cards, to try to advance or to get overall victory. Everyone wants it, you know, so I understand them,” Ignacio Cornejo said.

“When you push to the limit, sometimes you make mistakes. You have to try to control the danger as much as you can, but sometimes too many things happen: Rocks, you're navigating, going fast ... it's tough to finish without any crashes.”

Sunderland was 14 minutes back, and defending champion Brabec 17 minutes back in fourth. The rally ends in Jeddah on Friday .

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.”

The bio

Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

TRAINING FOR TOKYO

A typical week's training for Sebastian, who is competing at the ITU Abu Dhabi World Triathlon on March 8-9:

  • Four swim sessions (14km)
  • Three bike sessions (200km)
  • Four run sessions (45km)
  • Two strength and conditioning session (two hours)
  • One session therapy session at DISC Dubai
  • Two-three hours of stretching and self-maintenance of the body

ITU Abu Dhabi World Triathlon

For more information go to www.abudhabi.triathlon.org.

LAST 16

SEEDS

Liverpool, Manchester City, Barcelona, Paris St-Germain, Bayern Munich, RB Leipzig, Valencia, Juventus

PLUS

Real Madrid, Tottenham, Atalanta, Atletico Madrid, Napoli, Borussia Dortmund, Lyon, Chelsea

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
The specs: Rolls-Royce Cullinan

Price, base: Dh1 million (estimate)

Engine: 6.75-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 563hp @ 5,000rpm

Torque: 850Nm @ 1,600rpm

Fuel economy, combined: 15L / 100km

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

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The specs

Engine: Four electric motors, one at each wheel

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Torque: 859Nm

Transmission: Single-speed automatic

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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