Sebastien Loeb and his Citroen get airborne on the Rally Australia course yesterday.
Sebastien Loeb and his Citroen get airborne on the Rally Australia course yesterday.

Loeb says he is ready to rumble



KINGSCLIFF, NEW SOUTH WALES // Contrary to statistical evidence, Sebastien Loeb's five consecutive world championships have not come easy. The Frenchman's five-year spell as the WRC's prime pace-setter has left an array of rivals - who in any other era would have won world titles - second-best. Marcus Gronholm and Mikko Hirvonen have pushed Loeb close. Both have headed him going into the business end of the seasons.

However, the diminutive Citroen driver refused to buckle and solidified his "best-ever" tag by winning titles number three and five, respectively. Hirvonen is back in front this year. It is becoming a familiar scenario for Loeb, who is down by three points with three rallies remaining, as he chases his sixth consecutive crown. Ominously for the BP Ford Abu Dhabi driver Hirvonen, who leads the championship standing, Loeb is relishing their title fight.

"I will try to do my best, but Mikko is strong in these situations and it will be a good fight," he said. "It would be good to continue [the championship streak] and I'm trying hard - we'll see what we can do." While much has been made of gravel specialist Hirvonen's narrow standings lead, it is a measure of Loeb's historical dominance that there is no favourite on the rocky surface at this weekend's Rally Australia.

"It's difficult to say. We are good, but Mikko is also. The surface will be good for both of us and I think we'll both be competitive," said Loeb As the drivers' championship heats up, an equally tight manufacturers' battle between Citroen and Ford has taken a back seat. The closing or stretching of the current 14-point gap, in Citroen's favour, would provide an intriguing sub-plot. Loeb leaves thoughts on the manufacturers' battle at home: he knows team glory will come if he snares personal points first.

"At the moment, I'm trying to fight for the drivers' championship, if I can do a good result for the drivers' it works well for the manufacturers' - that's what I always try to do. We will see," he said. Citroen got off the perfect start in yesterday's traditional pre-rally testing session, as Dani Sordo and Loeb registered the two quickest times over a dusty 3.29km shakedown distance in Dunloe Park, Pottsville.

Their second driver, the Spaniard Sordo, was fastest in 1min 34.5secs, with Loeb 0.3secs behind. As he sprang, expressionless, from the restrictive confines of his car's roll-cage, the Frenchman was keen to get into today's nitty-gritty. "The stages are good. There is a lot of difference. Some are very fast and very wide with grip, some are very twisty, narrow and slippery, so it's going to be interesting," he said.

Hirvonen managed the third fastest run with a 1min 35.5secs effort, while his Ford teammate, Jari-Matti Latvala, was 0.2secs further back in fourth. "The idea is to get the feeling for driving again," said Hirvonen. "I've learnt a little bit about the springs, and we may try a slightly harder set-up on the cleaner stages. "The character of shakedown is different to the rally's stages, so I'm basically fine-tuning my set-up."

After no pre-rally testing, the Emirati Sheikh Khalid al Qassimi had six official shakedown runs as he looked to reacquaint himself with his Ford Focus. He got quicker with every attempt and posted the ninth fastest time of the morning, 1min, 38.6secs, on his final run. "The most important thing during shakedown is getting the feeling, not the speed," he said. "We did a fast final run, a good time, but I overshot the last corner - it could have been quicker. This shakedown doesn't really reflect the stages we'll face during the rally."

@Email:emegson@thenational.ae

Story of 2017-18 so far and schedule to come

Roll of Honour

Who has won what so far in the West Asia rugby season?

 

Western Clubs Champions League

Winners: Abu Dhabi Harlequins

Runners up: Bahrain

 

Dubai Rugby Sevens

Winners: Dubai Exiles

Runners up: Jebel Ali Dragons

 

West Asia Premiership

Winners: Jebel Ali Dragons

Runners up: Abu Dhabi Harlequins

 

UAE Premiership Cup

Winners: Abu Dhabi Harlequins

Runners up: Dubai Exiles

 

Fixtures

Friday

West Asia Cup final

5pm, Bahrain (6pm UAE time), Bahrain v Dubai Exiles

 

West Asia Trophy final

3pm, The Sevens, Dubai Hurricanes v Dubai Sports City Eagles

 

Friday, April 13

UAE Premiership final

5pm, Al Ain, Dubai Exiles v Abu Dhabi Harlequins

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

RESULTS
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Army of the Dead

Director: Zack Snyder

Stars: Dave Bautista, Ella Purnell, Omari Hardwick, Ana de la Reguera

Three stars

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.”

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

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The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now