Mercedes driver Nico Rosberg on his way to victory in the Austrian Grand Prix on June 22, 2014. Reuters
Mercedes driver Nico Rosberg on his way to victory in the Austrian Grand Prix on June 22, 2014. Reuters

Nico Rosberg clinches Austrian Grand Prix for Mercedes



Fortunes change quickly in Formula One and the man most happy to attest to that fact is Nico Rosberg.

Six weeks ago in Barcelona, the German could barely conceal his despair on the podium after being beaten by Mercedes-GP teammate Lewis Hamilton despite having had the faster car at Circuit de Catalunya.

Hamilton was the man on a roll, four wins in a row had seen him take the championship lead from Rosberg and the 2008 world champion’s momentum appeared hard to stop.

Fast forward to Sunday and it was Rosberg celebrating on the top step of the podium at the Red Bull Ring, his victory ahead of Hamilton stretching his advantage in the standings to 29 points.

Not that he is getting too comfortable, just yet, about the impending prospect of matching his father Keke, who won the 1982 championship during his time as a driver.

“Twenty nine points is for sure a nice gap, but it is still so early in the season,” he said.

“I just like to concentrate on each weekend and try to make the most of them and enjoy the moment.

“It is nice to come to the next race with the best car knowing if I do a good job I can get pole and win the race.”

Rosberg’s formula for turning things around is simple: good driving, luck and making less mistakes than his teammate.

While he was perhaps fortunate to take pole in Monaco last month after going off on his final lap, he drove superbly in the race to withstand the pressure of Hamilton.

In Canada both Mercedes cars were hit by mechanical problems, but it was his car that made it to the end not Hamilton’s and, while he did not win, second place and the 18 points that came with it have been crucial to opening up his sizeable lead over his teammate.

So to yesterday and Mercedes’ sixth one-two finish of the season, and Rosberg’s third victory.

But unlike their other race wins in 2014 this was not a case of dominating from the front.

Rosberg did not enjoy an impressive qualifying session, but crucially he did better than Hamilton as he finished third.

Consequently he had to be patient in the opening stint, as he sat behind the Williams cars of Felipe Massa and Valtteri Bottas, who had been the surprise pacesetters in Saturday’s qualifying session.

He also had the unexpected presence of Hamilton behind him. The Briton had started ninth after making two errors in qualifying, but a great start and subsequent first lap had seen him charge up to fourth.

Pitting on lap 11, the first of the leading quartet, moved Rosberg ahead of the Williams pair when they both pitted, but he then again had to stay patient as he sat behind Sergio Perez’s Force India, who was running a long first stint on the hard tyre.

But once in clean air, he was never headed, other than in the pit stops, and the misery of Barcelona now seems a long time ago for the 28 year old.

“It wasn’t the easiest of races trying to manage certain things,” he said. “We had a bit more pace and less tyre deg than the Williams so we could go aggressive on the stops and that’s what we did.”

It was a case of taking the good and the bad for Hamilton.

He was fast all weekend and really should have started on pole, but his mistakes in the final part of qualifying destroyed those hopes.

If he had started on pole there is a good chance he would have cruised to victory, but instead Hamilton lost a further seven points to his teammate and championship rival.

But, starting ninth, things could have been a lot worse and the Briton drove superbly to take second.

His overtaking move on Fernando Alonso’s Ferrari at the end of the opening lap was brilliant as he caught the double world champion sleeping, a rare thing to happen in F1.

He also dived past Massa at Turn 2 on lap 14 with another show of late braking.

But the damage, in terms of victory ambitions, had already been done, with Rosberg a couple of seconds up the road.

As the pair are so well matched it was always going to take a mistake or a problem from the man in front for Hamilton to take the lead, but Rosberg paced his final laps perfectly.

Hamilton has scored 36 points in the past three races to Rosberg’s 68 and the momentum has undeniably swapped places in the Mercedes garage.

But he took the positives from his run to second. “We have been working very hard on the starts and the team have done a great job,” he said.

“I positioned the car in great places. That would have been great if I had started where I should have started, but damage limitation, to get from ninth to second and pressing Nico showed the pace I had this weekend.”

Six weeks ago it was Rosberg desperate to stop Hamilton’s momentum.

Now the Briton must hit back and he has the perfect opportunity at his home race, the British Grand Prix at Silverstone, on Sunday, July 6.

Follow us on twitter at @SprtNationalUAE

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

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.”

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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EA Sports FC 25
Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
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COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Sri Lanka-India Test series schedule

1st Test July 26-30 in Galle

2nd Test August 3-7 in Colombo

3rd Test August 12-16 in Pallekele

If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

Company%20Profile
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THE LOWDOWN

Romeo Akbar Walter

Rating: 2/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Robby Grewal
Cast: John Abraham, Mouni Roy, Jackie Shroff and Sikandar Kher 

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

COMPANY%20PROFILE
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From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5


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