• Ferrari's Charles Leclerc celebrates after winning the Monaco Grand Prix. Reuters
    Ferrari's Charles Leclerc celebrates after winning the Monaco Grand Prix. Reuters
  • Race winner Ferrari's Monegasque driver Charles Leclerc celebrates with Prince Albert II of Monaco. AFP
    Race winner Ferrari's Monegasque driver Charles Leclerc celebrates with Prince Albert II of Monaco. AFP
  • Race winner Charles Leclerc of Monaco and Ferrari, second-placed Oscar Piastri of Australia and McLaren and third-placed Carlos Sainz of Spain and Ferrari. Getty Images
    Race winner Charles Leclerc of Monaco and Ferrari, second-placed Oscar Piastri of Australia and McLaren and third-placed Carlos Sainz of Spain and Ferrari. Getty Images
  • Max Verstappen of the Netherlands driving the Oracle Red Bull Racing RB20 . Getty Images
    Max Verstappen of the Netherlands driving the Oracle Red Bull Racing RB20 . Getty Images
  • Sergio Perez of Mexico and Red Bull Racing looks on after crashing. Getty Images
    Sergio Perez of Mexico and Red Bull Racing looks on after crashing. Getty Images
  • The car of Sergio Perez of Mexico and Red Bull Racing is recovered from the track. Getty Images
    The car of Sergio Perez of Mexico and Red Bull Racing is recovered from the track. Getty Images
  • Paris Saint-Germain's French forward Kylian Mbappe waves the checkered flag. AFP
    Paris Saint-Germain's French forward Kylian Mbappe waves the checkered flag. AFP
  • Frederic Arnault, Alexandra Daddario, Julien Tornare, Nicholas Galitzine and Kelsey Merritt pose for a photo with the Red Bull Racing team. Getty Images
    Frederic Arnault, Alexandra Daddario, Julien Tornare, Nicholas Galitzine and Kelsey Merritt pose for a photo with the Red Bull Racing team. Getty Images
  • Virgil van Dijk watches the action from the Red Bull Racing garage area. Getty Images
    Virgil van Dijk watches the action from the Red Bull Racing garage area. Getty Images

Charles Leclerc dedicates Monaco win to late father


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Charles Leclerc dedicated his win at Sunday's Monaco Grand Prix to his later father, saying he was so emotional on his final laps he struggled to see out of his Ferrari.

Leclerc, 26, became the first Monegasque in nearly a century to win a Formula One race on the sport’s most famous streets following a faultless display.

Leclerc paid tribute to his father Herve, who passed away in 2017, saying: “I was thinking about my dad when I was driving.

“He gave everything for me to be here. It was a dream of ours for me to race here so to win it is unbelievable.

“It is only a victory and the season is long. It is 25 points, just like any other win, but emotionally it means so much to me.”

Leclerc has been on pole twice before here. But he banged the barriers in the closing stages of qualifying in 2021, meaning he was unable to start the race.

Ferrari then messed up his strategy the following season and he crossed the line only fourth. Before Sunday’s race, Leclerc had never even finished on the podium at his home event.

“I struggled to maintain my emotions in the last 10 laps of the race,” said Leclerc. “I realised that with two laps to go I was struggling to see out of the tunnel because I had tears in my eyes.

“I was like, ‘oh, Charles, don’t do that now, we still have two laps until the finish’. It was very difficult to contain those emotions and those thoughts of people who have helped me get to where I am today.”

Sunday's win, Leclerc's first since the Austrian Grand Prix in 2022, meant the Ferrari man reduced championship leader Max Verstappen’s lead from 48 points to 31.

Red Bull's triple world champion dismissed Sunday's race as "a bit boring" after starting and finishing sixth.

Winner of five of the previous seven races this season, and all from pole position, the Monaco GP was the first time the Dutch driver has not finished on the podium this season. In Australia he retired after just three laps due to a brake problem.

"Overall the weekend is really cool, just the Sunday is a little bit boring unfortunately, but the scenery is still great," Verstappen told reporters.

"If we can find a way to race a bit better, why not? That would be my preferred solution."

The top 10 finishers followed grid positions, with no overtaking and an immediate red flag allowing teams to change tyres and thereby avoid further pitstops that might have shaken up the strategy.

"No one really wanted to stress their tyres too much, because you know you can’t pass around here, so not really exciting. It’s a bit of a shame," said Verstappen.

The Red Bull driver's words were supported by Mercedes' seven-time world champion Lewis Hamilton, who was seventh, as well as McLaren's fourth-placed Lando Norris.

"It was non-eventful. Everyone drove so slow. So it didn’t matter what tyre you were on. We were driving seconds off the pace," said Hamilton.

"I don’t know what it was like watching, but I am sure people were falling asleep."

Norris said the race being halted and re-started had "thrown any fun or any action out of the window".

"You are just driving round in no-man’s land doing nothing. You don’t feel like there is a lot of things to target and aim for but that is how it has always been here," said the Briton.

Disability on screen

Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)

Rosewood and Transparent — heart issues

24: Legacy — PTSD;

Superstore and NCIS: New Orleans — wheelchair-bound

Taken and This Is Us — cancer

Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)

Grey’s Anatomy — prosthetic leg

Scorpion — obsessive compulsive disorder and anxiety

Switched at Birth — deafness

One Mississippi, Wentworth and Transparent — double mastectomy

Dragons — double amputee

Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

Jetour T1 specs

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The 12 breakaway clubs

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

SPECS
%3Cp%3E%3Cstrong%3EEngine%3C%2Fstrong%3E%3A%202-litre%20direct%20injection%20turbo%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%207-speed%20automatic%20%0D%3Cbr%3E%3Cstrong%3EPower%3C%2Fstrong%3E%3A%20261hp%20%0D%3Cbr%3E%3Cstrong%3ETorque%3C%2Fstrong%3E%3A%20400Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3C%2Fstrong%3E%3A%20From%20Dh134%2C999%26nbsp%3B%3C%2Fp%3E%0A
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.

LEAGUE CUP QUARTER-FINAL DRAW

Stoke City v Tottenham

Brentford v Newcastle United

Arsenal v Manchester City

Everton v Manchester United

All ties are to be played the week commencing December 21.

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHakbah%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENaif%20AbuSaida%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ESaudi%20Arabia%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E22%20%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24200%2C000%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-Series%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%20and%20Aditum%20Investment%20Management%0D%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
The biog

Age: 23

Occupation: Founder of the Studio, formerly an analyst at Cleveland Clinic Abu Dhabi

Education: Bachelor of science in industrial engineering

Favourite hobby: playing the piano

Favourite quote: "There is a key to every door and a dawn to every dark night"

Family: Married and with a daughter

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

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.”

Dubai World Cup nominations

UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer

USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.

Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.

MATCH INFO

Uefa Champions League, Group B
Barcelona v Inter Milan
Camp Nou, Barcelona
Wednesday, 11pm (UAE)

Updated: May 27, 2024, 9:12 AM