Your humble narrator goes on a cone massacre at Yas Marina Race Track.
Your humble narrator goes on a cone massacre at Yas Marina Race Track.

Driver rehab went like clockwork; orange cones were massacred



Recently, I was involved in a terrible crash. It was a case of driver error [mine] that hurt many of those around me. But this wasn't your average sort of crash. It was a virtual crash, that occurred on www.thenational.ae shortly after a candid blog post about my driving habits. Apparently, boasting about speeding recklessly isn't a good career move for a budding motoring journalist. Who knew?

The heated, some say nuclear, response to what became known as "blog-gate" threatened to spiral out of control. As readers called for my head on a plate, crisis meetings took place involving important-looking newspapermen with deep frowns on their faces, who kept tut-tutting and shaking their heads. Colleagues would refuse to hold my gaze, their faces red with anger, like constipated babies ready to explode. My boss was called in to the managing editor's office where he was rumoured to have disappeared down a trapdoor into a dungeon reserved for the world's most evil journalists. I feared I was to follow.

But the powers that be had something else in store for your humble narrator. I was to undergo correction therapy, courtesy of driving experts at Yas Marina Race Track. The idea was to break me down, through repeated demonstrations of how bad my motoring skills were until I could no longer take it, until even the very thought of speeding made me sick. They would then build me back up in the mould of a responsible driver, reliable as clockwork.

I must confess, at this point I resented the very suggestion that I needed fixing. Wasn’t the decision to speed my own free choice? And if this choice were taken away, in what sense would it still be me - flawed but human Ayesha - who was driving the car? Would I be able to take credit for driving responsibly when the clockwork driver inside me was incapable of choosing any different?

EYES WIDE OPEN

Arriving for my correction therapy at Yas Racing School was an eye-opening experience.

The staff briefed me on the plan for my rehabilitation before taking me to a practice track where a yellow Renault was parked. The mere sight of it made my foot twitch, as I imagined it pushing down on the accelerator. I wanted to speed, speed....SPEEEEEEED. Sweet Carolina let me speed!

But try as I might, my instinct was thwarted. The car was a manual, and I struggled to change gears.

I became confused, my flailing limbs not knowing whether to kick at the accelerator or the clutch. My inner speed demon raged, raged against the dying of the light.

LOOK MUM, TWO HANDS!

My first exercise was to drive zig-zag through a line of cones without hitting them. My instructor told me to position my hands on the wheel at 3 and 9 O’Clock. What was this ‘two hands’ business I wondered. I usually steer with just one, keeping the other free for activities such as answering the phone, or drinking coffee. But on the race track this approach didn’t work so well. I hit more than seven cones.

GIVE ME A BRAKE!

The next exercise was about avoiding obstacles, first by braking, then by swerving. The instructor told me to reach 70kph – a fraction of the 180kph I once boasted about doing – before hitting the brakes hard. Yet even at 30kph I couldn’t stop before hitting the cones. I lost count of the number I knocked over. Swerving didn’t work either. Had I been on the Sheikh Zayed Road each of these cones could have been a living being, a labourer running across the road, or a cat thrown from a vehicle.

GETTING THE SKIDS

For the next exercise, I was sent to the skid pan – a wet, slippery area with fountains of water that showered the car and the surrounding area to induce skidding.

The idea was to learn how to regain control of the vehicle. It sounds fun, but is far from easy. Every time I entered the pan I ended up skidding out, whirling around like an out-of-control spinning top. My inner speed demon was down, but not quite out.

CONE MASSACRE

The final exercise required me to use all my ‘skills’ at once. So, accelerating at 50kph, with [both] my hands positioned on the steering wheel I headed back towards the zig-zag lane.

Yet I remained as manoeuvrable as a battle ship, and as I ploughed through, cones flew in all directions. Not a single one was spared. The little orange triangles lay scattered around the track like the final shreds of my self-esteem.

Deep inside me, my inner speed demon wept. It knew the game was up.

CLOCK STRIKES 13

Looking back on my experience, I realise it changed me for the better. No matter how much I once tried to convince myself that I was in control, I know now that I wasn’t.

I look at young people speeding now and think how childish their actions seem. Perhaps speeding is just a stage in life that some of us have to go through, and purge from our systems, before we can grow up and move on.

I know I am not the only young person who has exorcised her inner speed demon thanks to the kind people at Yas. There are many of us, out there on the nation’s roads, highways, and sometimes even the dunes. But you won’t know we are there. We no longer announce our presence with a rev of our motors, a honk of our horns, or the flash of our headlights as we tailgate some poor soul. We leave that to the younger ones who are still battling their demons. That’s because we’ve grown up, our lives have moved on, just like clockwork.

Read the whole story here or in the Weekend section in Friday’s The National. You can even watch me destroy a few cones at www.thenational.ae/multimedia.

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

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.”

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

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