Mark Webber, right, was clearly uncomfortable huddling around his rivals at the press conference in Abu Dhabi yesterday.
Mark Webber, right, was clearly uncomfortable huddling around his rivals at the press conference in Abu Dhabi yesterday.
Mark Webber, right, was clearly uncomfortable huddling around his rivals at the press conference in Abu Dhabi yesterday.
Mark Webber, right, was clearly uncomfortable huddling around his rivals at the press conference in Abu Dhabi yesterday.

F1 title contenders tread cautiously


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Smoke and mirrors, schadenfreude and subterfuge.

Considering the four protagonists in the press-conference room continue to chase the same elusive goal, the words and actions of Formula One's quartet of potential world champions was perhaps unsurprising.

As Fernando Alonso, Lewis Hamilton, Sebastian Vettel and Mark Webber walked into the bustling and buzzing room - their conversations drowned out by the drone of the massed paparazzi - all four, it appeared, were relaxed and at ease in their surroundings.

However, when the questions began few would have guessed each of these four men - grouped somewhat bizarrely with AT&T Williams's Niko Hulkenberg - were on the cusp of becoming the undisputed champion of their sport.

Each man's monotonous, bland answers were as short as they were blunt. Webber initially appeared in such a rush to get the whole thing over and done with that when the quartet of contenders was asked to pose for photos, pre-conference, the 34-year-old had forgotten to button his trousers. Cue ice-breaking laughter.

Alonso, the Ferrari driver who narrowly leads the championship standings, instigated a group hug, yet Webber shrugged distantly, allowing his arms to hang loosely by his sides. This was not a man in the mood for friends, fun and pretence. His posture - rigid and muscular - said "Terminator", his voice - quiet and croaky - said "terminal".

When each driver was asked to detail his car's strengths around the Yas Marina Circuit, Webber, the Australian whose Red Bull-Renault is undeniably superior to the Ferraris, mumbled "same as him" and waved his hand towards the Spaniard. Alonso, for the record, had said his car does not have the same speed as his main rivals.

Cryptic or confusing?

Vettel, Webber's teammate at Red Bull, was in a more relaxed mood, his high spirits matched only by his low expectations. And it was he, not the quote-hungry journalists, who raised the issue that had so irked him at the post-race press conference in Sao Paulo last week: team orders.

"Forty years ago the drivers had no tactics - it was flat out," Vettel said. "The approach has been like that for the last few races for me.

"The target is clear. The speed has been there all season and it was not the easiest season for myself.

"We are still in the hunt and we will try our best, but the clear favourites going into the weekend are Mark and Fernando.

"I will just try to do my best race and then it depends on where those two are."

The German had said earlier in the afternoon that he would "tease" the media by refusing to reveal his strategy for race day and he was true to his word by immediately appearing to contradict his above stance on team tactics.

"With lots of things to do, there are better things to spend more energy on than what happens on Sunday," he said. "If the situation occurs on Sunday then we know we are driving for the team."

With the potential for Red Bull infighting palpable, it was thought that Alonso may have been tempted to try to stir up trouble between the two teammates. The potential was there. It is common knowledge that Webber and Vettel are not the best of friends.

Hate is too strong a word, but at times you could be forgiven for looking at the body language of the two men in the dark-blue caps, who sat at opposite ends of the table and barely glanced at each other throughout, and concluded they would rather be competing together in the Abu Dhabi Fighting Championship than the Abu Dhabi Grand Prix.

And yet when the opportunity arose for Alonso to mix it up, he skipped past it as easily as he would a stalled car on the starting grid.

In fact, it was Alonso - having chatted up both Red Bull drivers separately - who appeared most comfortable. He would not be disappointed, he said, if he leaves the UAE without the drivers' championship because he has taken many positives out of the season and is just happy to be back fighting for it following two years in the wilderness of F1 irrelevance.

When one member of the press corps decided to capitalise on the Spaniard's apparent ease and quiz him on his feelings were the title to be dictated by Red Bull team orders, Alonso steered around the issue with the experience of a two-time champion.

In doing so he also avoided the possibility of being labelled a hypocrite following his own additional seven-point haul at Hockenheim courtesy of Ferrari's use of tactics.

"Winning by seven, one or 25 points is not the most important thing in my mind right now," he said.

Winning, despite what the four contenders will have us believe, is why they are all in Abu Dhabi. Whether they plan to do that alone or with a little help from their "friends" will inevitably become clear in the coming days.

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Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

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Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

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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.”

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

 

SRI LANKA SQUAD

Upul Tharanga (captain), Dinesh Chandimal, Niroshan Dickwella
Lahiru Thirimanne, Kusal Mendis, Milinda Siriwardana
Chamara Kapugedara, Thisara Perera, Seekuge Prasanna
Nuwan Pradeep, Suranga Lakmal, Dushmantha Chameera
Vishwa Fernando, Akila Dananjaya, Jeffrey Vandersay

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

The specs: 2017 Dodge Ram 1500 Laramie Longhorn

Price, base / as tested: Dhxxx
Engine: 5.7L V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 556Nm @ 3,950rpm
Fuel economy, combined: 12.7L / 100km

Panipat

Director Ashutosh Gowariker

Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment

Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman

Rating 3 /stars

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20101hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20135Nm%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%20Six-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh79%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Drishyam 2

Directed by: Jeethu Joseph

Starring: Mohanlal, Meena, Ansiba, Murali Gopy

Rating: 4 stars

Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

The%20Sandman
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The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
UAE currency: the story behind the money in your pockets
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M3%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%2FUSB-4%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206E%2C%20Bluetooth%205.3%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Midnight%2C%20silver%2C%20space%20grey%2C%20starlight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%2F35W%20dual-port%2F70w%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%2C%202%20Apple%20stickers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C599%3C%2Fp%3E%0A