SUZUKA // Fernando Alonso, a double world champion, in 2005 and 2006, is confident he will be battling it out for another title in his first season at Ferrari after agreeing a lucrative move to the team for 2010.
The Spaniard will reportedly be paid £18million (Dh105m) a year to drive for the team and he said he was hopeful of repaying Ferrari's faith immediately.
"There will be pressure on me to win titles," said Alonso, 28. "Winning a race here and there is not enough at Ferrari. The pressure will be to be champion again and I believe I can do that next season.
"I feel well prepared already for next season and, for sure there is more I can do. I've got a three-year deal and hopefully I can win at least one title in that time. Can I do it next year? Why not."
Alonso's switch in place of Kimi Raikkonen has long been an open secret in Formula One with the deal being a case of when rather than if it was announced.
Describing it as a dream come true, he said that Ferrari "has always been in my heart". He added: "For me, it is the perfect step for my career, the one thing left for me to be complete.
"Hopefully I can continue as long as I want and I can finish my career here with a lot of wins. I really feel Ferrari will be my last team. To leave Ferrari would be a step backwards so I hope to never leave."
The Ferrari team principal Stefano Domenicali also hoped that Alonso would add to his world titles although he refused to draw parallels to Michael Schumacher, who won five of his seven world titles during a dominant spell at the team. "Fernando's one of the best drivers of his time and we always want to have the best drivers at Ferrari," he said.
"To achieve what Michael did is difficult but Alonso has already shown himself to be a great champion so anything is possible."
Alonso was also reluctant to draw comparisons to the man he beat to the world title in the German's final two seasons in the sport.
"I would like to do the same as Michael and win many championships with Ferrari," he said. "But it is going to be very difficult. I don't arrive here to do the same as Michael although I would definitely like to do the same."
The deal with Alonso was likely to be the last brokered by Flavio Briatore, who is now serving his lifetime ban from F1.
And Alonso paid tribute to his former manager and team boss, and revealed that the flamboyant Italian was not too despondent following the punishment for his role in 'Crashgate' at last year's Singapore Grand Prix.
"I've spoken to Flavio and he was very happy," he said. "He knows what Ferrari means and is extremely happy for me. As for him, he didn't seem too worried. He was relaxing on the beach yesterday."
Domenicali also paid tribute to Raikkonen ahead of his final three races before being replaced. The Italian said: "You will never hear me speak in the negative about Kimi, never. I feel he is a great talent and he will always be a great champion and forever be in the Ferrari history.
"All things have to be put on the table, the positive and the negative. I think all the drivers have different characteristics; Kimi has a pragmatic approach to the team but he is part of the team and he is working very well with the team."
Raikkonen is tipped to announce a move to McLaren as Hamilton's teammate next season although the 2007 world champion was tight-lipped about his future plans and warned he might yet walk away following the season-ending Abu Dhabi Grand Prix on November 1.
The Finn, who made a similar threat last season before extending his deal at Ferrari, said: "I haven't decided what to do next, whether I want to continue racing or not. I had a contract for next year and now not so maybe I will race, maybe I won't.
"There is a chance to do the World Rally Championship but there is also as much chance that I will continue in Formula One. If I stay in F1, it won't be at a small team as I want be sure that I can fight for the championship.
"If I race next year, that would be my goal otherwise there'd be no point in being in Formula One. I achieved what I wanted but if I race then of course I want to win more races and titles."
Despite his comments, McLaren look the likely destination for Raikkonen, who drove for the team from 2002 to 2006 before leaving after falling out with former team boss Ron Dennis.
The 2007 world champion said he had "no problem with the team" adding that "I had good times there and maybe again, we'll see".
mmajendie@thenational.ae
How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.
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WWE Evolution results
- Trish Stratus and Lita beat Alicia Fox and Mickie James in a tag match
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Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
The specs: 2018 Jeep Grand Cherokee Trackhawk
Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
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Fuel economy, combined: 16.8L / 100km (estimate)
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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.
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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
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Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
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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Zayed Sustainability Prize
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5