Montzemolo looking to the future and more excitement



Ferrari president Luca di Montezemolo has refused to enter into a new public row with Max Mosley by largely ignoring the FIA president's fresh threats about the future of the Formula One. Montezemolo, as head of the Formula One Teams' Association (FOTA), came to an agreement with the governing (Federation Internationale de l'Automobile) FIA on Wednesday to scrap Mosley's planned budget cap and avert a breakaway series. Mosley also said he would stand down in October.

However, Mosley has since suggested that the deal could collapse unless Montezemolo apologised for comments about him which described him as a "dictator". In a forum with fans on the Ferrari website), Montezemolo did not apologise and continued to praise the virtues of Wednesday's deal. "I think that in a frame of stable rules it is very important to do everything possible to increase Formula One's level of spectacle, maintaining the principles of sport and technological competition," he said.

"What I can guarantee you is that Ferrari and FOTA keeping the spirit and the essence of F1 alive, constantly listening to our fans." An empowered FOTA has said it wants to make Formula One more exciting but Montezemolo again refused to go into specific details when asked if grand prix qualification may change. "Inside FOTA the teams are checking several options to make the days before the races more interesting. There are several proposals right now on the table," he said.

Mosley said on Friday the threat of FOTA setting up a breakaway championship had not gone away despite the peace deal but Montezemolo was already thinking about F1 for next season. "For the next year all the teams have already decided not to use KERS (Kinetic Energy Recovery System) in F1," he confirmed. * Reuters

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COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

A QUIET PLACE

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Director: Michael Sarnoski

Rating: 4/5

Story behind the UAE flag

The UAE flag was first unveiled on December 2, 1971, the day the UAE was formed. 

It was designed by Abdullah Mohammed Al Maainah, 19, an Emirati from Abu Dhabi. 

Mr Al Maainah said in an interview with The National in 2011 he chose the colours for local reasons. 

The black represents the oil riches that transformed the UAE, green stands for fertility and the red and white colours were drawn from those found in existing emirate flags.

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Director: Tigmanshu Dhulia

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Rating: 3 star