Mark Webber, the Red Bull-Renault driver, out on his own at the Spanish Grand Prix.
Mark Webber, the Red Bull-Renault driver, out on his own at the Spanish Grand Prix.
Mark Webber, the Red Bull-Renault driver, out on his own at the Spanish Grand Prix.
Mark Webber, the Red Bull-Renault driver, out on his own at the Spanish Grand Prix.

Mark Webber: a clear mark of maturity


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Spain was a race dominated by Mark Webber and it showed just how much he has matured as a racer. In qualifying he was excellent, but that was no real surprise as qualifying and one-lap pace has always been Mark's strength, but in the race he was superb as he controlled proceedings and he looked as if he is getting stronger as a racer all the time.

He was in a different zone to everyone else and no-one could get near him. It was an important result for him as it puts him back in the championship race and he is now just 17 points off Jenson Button at the top and seven behind Sebastian Vettel, his teammate. I do like the new championship points system, which I think is making the season a lot more exciting. You can have a couple of bad races, but one good result can push you right back up the order and I think it adds to the unpredictability of the season and means the championship will not be decided until quite late in the season as different drivers' fortunes vary from race to race.

Mark endured some bad luck in earlier races, but he is now back in the hunt thanks to his relentless speed and the reliability of his Red Bull-Renault. It was, again, Sebastian who had reliability issues as he suffered brake problems and eventually had to settle for third. It is the third time this season that Sebastian has had a problem, while Mark has had none. I think these problems are down to bad luck rather than Sebastian doing something different to Mark. These days the cars are generally tough and rarely break down.

Fifteen or 20 years ago they were much more fragile and I would say there would have been something in it if one guy kept breaking down and the other didn't, but not in the present era. Red Bull will be concerned about the reliability, though, as it could hurt their quest for both titles and I am sure they will be working hard back in the factory in Milton Keynes to resolve them as quickly as they can.

If it was a good weekend for Mark then it was an awful one for Nico Rosberg as he had his worst weekend of the season for Mercedes GP. He struggled for pace throughout the weekend compared to Michael Schumacher, his teammate. I think he started on Michael's set-up then changed to his old set-up and did improve but he did not have enough time and in the race he was always in trouble after a poor start.

It was strange as he went into the weekend second in the championship and competitive in terms of challenging for podiums. Then, after the team made updates to the car after China, he is suddenly nowhere and Michael is setting the pace in the team. I hope it was just a coincidence that Michael has found form as Nico lost his, and that it isn't Michael steering the team in his direction at the expense of Nico.

Nico was looking very good and Michael is not going to win the championship as the car is just not competitive enough. It is strange if you have a team pulling in different directions and I just hope what is going on at Mercedes is not going to hurt Nico. Michael had his best result since his return and he showed he had lost none of his fight on the track as he passed Jenson during the pit-stop and then held him off.

Jenson complained afterwards about how Michael passed him, but I do not really see what his complaint was as, to me, he was not aggressive enough. Certainly, I do not think Lewis Hamilton, Jenson's McLaren- Mercedes teammate, would have allowed Michael to get past the way he did. Jenson's mistake was to allow Michael to even have a sniff of an opportunity as he braked a little early and, Michael being Michael, he was always going to be willing to attack and he put Jenson in a position where he had to back off and let him through or they would have collided.

Johnny Herbert is a former Formula One driver who competed in 161 races, winning three times sports@thenational.ae

While you're here
Explainer: Tanween Design Programme

Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.

The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.

It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.

The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.

Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”

The specs

Engine: 2.0-litre four-cylinder turbo

Power: 268hp at 5,600rpm

Torque: 380Nm at 4,800rpm

Transmission: CVT auto

Fuel consumption: 9.5L/100km

On sale: now

Price: from Dh195,000 

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

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Afghanistan squad

Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.

Company%20Profile
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When Umm Kulthum performed in Abu Dhabi

  

 

 

 

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

 
Fixtures
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The specs
Engine: 3.0-litre 6-cyl turbo

Power: 374hp at 5,500-6,500rpm

Torque: 500Nm from 1,900-5,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.5L/100km

Price: from Dh285,000

On sale: from January 2022 

Bombshell

Director: Jay Roach

Stars: Nicole Kidman, Charlize Theron, Margot Robbie 

Four out of five stars 

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.”