Ayrton Senna after winning the Adelaide Australian Grand Prix on November 18, 1988, with Alain Prost on the podium.
Ayrton Senna after winning the Adelaide Australian Grand Prix on November 18, 1988, with Alain Prost on the podium.
Ayrton Senna after winning the Adelaide Australian Grand Prix on November 18, 1988, with Alain Prost on the podium.
Ayrton Senna after winning the Adelaide Australian Grand Prix on November 18, 1988, with Alain Prost on the podium.

Senna still a symbol of inspiration two decades after his death


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In Brazil the finest example of Ayrton Senna's enduring popularity is neither the numerous streets and highways that carry his name nor the intricate murals of him spray-painted on various neighbourhood walls.
It is not the samba school that themed its parade on his career and won this year's Rio Carnival, nor is it the local media's relentless rebroadcasting of old interviews.
The testament to Senna's enduring popularity is a patch of worn down grass in the centre of Sao Paulo's Morumbi Cemetery.
Located between wealthy high-rise apartment blocks and a sprawling favela, a vast circular graveyard that is enveloped in silence and solitude is the burial site of arguably Formula One's greatest driver.
Such is the volume of fans who still visit Senna's final resting place two decades after his untimely death that the surrounding grass needs to be regularly relaid.
"That is his grave over there," said gravedigger Mauricio do Santos Silva as he points towards a lone bare ipe tree adjacent to an area cordoned off by black and yellow tape.
"You can't go too close today because we just planted new grass. We need to do it often. The grave can attract between 50 and 100 people every day, so the grass gets worn."
Inside the cordon, embedded in that new grass, sits a small bronze plaque identical to the countless others throughout the park. Inscribed upon it are the words "Nada pode me separar do amor de Deus" (Nothing can separate me from the love of God).
Four bouquets of flowers sit in plastic pots alongside a small cactus next to the plaque. Attached to one of the bouquets is a letter from a 22-year-old fan that reads: "I'm leaving you these flowers and hope you get them in heaven so you can put them in the garden you keep next to our Lord."
Today is the 20th anniversary of the day Senna, a three-time Formula One world champion and hero in his native country, crashed and died during the 1994 San Marino Grand Prix, prompting the Brazilian president to declare three days of mourning.
More than a million people took to the streets of Sao Paulo to say goodbye to the 34-year-old driver as his body was transported atop a fire engine from the city's international airport to a public wake at the Legislative Assembly.
In The Death of Ayrton Senna by Richard Williams, the author details a three-mile queue around the exterior of the building and "an avenue of floral tributes piled high between walkways".
When a 21-gun salute was fired at 10am the next morning to announce that the final leg of Senna's journey was about to begin, more than 200,000 people had paid their last respects.
The coffin was then taken to the graveyard at Morumbi where a private ceremony took place.
"My father worked here that day," said Silva as he surveys the flat green cemetery void of headstones. "The police made a ring isolating the area so only friends and family could enter, but my dad told me he remembers looking out and seeing people climbing the surrounding trees and filling the balconies of these apartment towers just to get a view of what was going on."
What those from a certain vantage point would have seen was Viviane Senna, the older sister of Ayrton, standing and briefly addressing the congregation.
"Brazil is going through a very bad time," she had said. "No one feels like helping anyone any more. People just live for themselves. My brother had a mission and our family is in deep emotion today because we did not realise it had made him so greatly loved."
Her words, measured and profound, remain relevant 20 years later. It is six weeks until the start of the 2014 Fifa World Cup where the opening match will take place at a Sao Paulo stadium built by Ayrton's beloved team, Corinthians and the past year has been fraught with mass demonstrations across Brazil.
Protesters rallying against the obscene amounts of money being spent on a month-long football tournament point to Brazil's public education, national health care and transport infrastructure, all of which remain brutally inadequate.
Allegations of corruption are relentless and many World Cup projects, including airports and train lines, have been delayed, scaled down or abandoned.
"I think all Brazilians know that we could have taken more advantage of this opportunity," Viviane Senna told Reuters this week.
"We haven't developed our airports, we haven't built the infrastructure. We've done less than we could and should have. That's not opinion, it's reality."
As Ayrton's casket was being transported to its final resting place 20 years ago, one placard amid a plethora of banners and signs translated to: "You were worth more than 90 per cent of our politicians."
With elected officials in Brazil normally viewed with scepticism, Senna would likely have been a refreshing figure on the political landscape.
Sir Frank Williams, Senna's former racing team owner, said: "He was certainly on his way to becoming a president of Brazil. He had politics in mind and, if he had done so, he would probably have walked it."
The late Professor Sid Watkins, F1's chief medical officer and a close friend of Senna, said: "He had that quality - well, actually, much better quality than your average politician - he was so intent on helping the people of Brazil."
Jo Ramirez, Senna's former team manager at McLaren, said: "There's no doubt that if he was alive now, he would have been president of Brazil or another similarly important role. He always wanted to help people and his country."
When Senna's life was cut short, Brazil not only lost a sporting hero but also a potential geopolitical figure. He left a legacy that is two-fold and must not be ignored.
Firstly, the Ayrton Senna Institute, a non-profit organisation envisaged by Senna and realised by Viviane shortly after her brother's death.
It raises money through merchandise and donations and uses the funds to improve education for poor Brazilians. The institute annually helps two million children and 75,000 teachers and education professionals.
Secondly, Senna's death provided the catalyst for greater safety in F1.
After his crash, wholesale changes were implemented: circuits were rapidly redesigned with chicanes added and barriers strengthened, while cars were made with reduced engine power, larger cockpit walls and smaller front wings. Many of the safety alterations have since been incorporated into road cars.
Senna was the 33rd driver to die in F1 since the Second World War; no driver has died on track in the 20 years since. That fact alone is worth considering on a day when so many thoughts and emotions will be regarding what might have been.
This afternoon at Morumbi Cemetery, as has been the case for the majority of the two decades since his death, it is expected that a large television screen will be set up next to the grave, showing highlights of Senna's races.
Hermes Castro de Andrade, a security guard at the graveyard, said people often arrive first thing in the morning to pay their respects and stay until the sun sets.
"We are expecting a lot of people," Andrade said. "In previous years, they have flown here from all over the world - many people from Japan and France.
"They come to see his grave before anything else. It is, for them, like a pilgrimage."
gmeenaghan@thenational.ae
Follow us on Twitter @SprtNationalUAE

PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

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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

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

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Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

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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.”

Wicked: For Good

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Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

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Long read

Mageed Yahia, director of WFP in UAE: Coronavirus knows no borders, and neither should the response

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

The Vile

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

Director: Majid Al Ansari

Rating: 4/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

The specs

BMW M8 Competition Coupe

Engine 4.4-litre twin-turbo V8

Power 625hp at 6,000rpm

Torque 750Nm from 1,800-5,800rpm

Gearbox Eight-speed paddleshift auto

Acceleration 0-100kph in 3.2 sec

Top speed 305kph

Fuel economy, combined 10.6L / 100km

Price from Dh700,000 (estimate)

On sale Jan/Feb 2020
 

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

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