NICOSIA // Sebastien Loeb of France, the defending world champion, held off Mikko Hirvonen of Finland to win the Rally of Cyprus for his third consecutive victory of the season. The five-time champion's 27.2sec win lifted his career victory tally to a record 50 races - 20 more than his nearest rival. Loeb covered the 14 special stages in 4hr 50min 34.7sec to move to 30 points in the overall standings, eight ahead of Hirvonen.
Daniel Sordo, Loeb's Citroen teammate, remained third overall with 17 points after finishing fourth in Cyprus. The final point went to Hirvonen's BP Ford Abu Dhabi teammate Khalid al Qassimi, who finished eighth overall. The UAE driver, who was solid on Saturday, continued his consistent run yesterday to pick up his second point of the season. Muddy gravel tracks across the Troodos mountain range again challenged drivers, as a cautious Loeb pushed his Citroen C4 hard enough in the event's final three stages to protect a lead accumulated over the previous two days.
"It's incredible," Loeb said of his 50th win. "It's like a dream. I'm very happy with what I've achieved, but I'm not finished yet. Next, I'm going for 51." sports@thenational.ae
Wonka
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
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C Uday Bhaskar: Could the 'Quad' become Asia's new Nato?
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
NBA Finals results
Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)
Kareem Shaheen on Canada
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Company%20profile
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
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Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
