Sebastien Loeb's Citroen is airborne on his way to victory in the Rally Mexico.
Sebastien Loeb's Citroen is airborne on his way to victory in the Rally Mexico.

Viva Loeb as Frenchman makes a point



It was a case of business as usual on Sunday night as Sebastien Loeb stood on top of his Citroen with co-driver Daniel Elena after winning the Rally Mexico. It was the 55th time that the Frenchman had come out on top in a World Rally Championship event, but for the six-time champion it was not just about securing his first win of the new season.

This victory was about setting the record straight and sending a powerful message to the rest of his rivals after he was fairly beaten by Mikko Hirvonen's BP Ford Abu Dhabi car in Sweden last month. And he achieved his triumph in emphatic fashion with a dominant display in Mexico as he finished 24.2 seconds ahead of the privateer Citroen of Petter Solberg and the Citroen Junior driver Sebastien Ogier.

The result saw him take the championship lead by six points from Hirvonen, who could finish only fifth, and he said: "OK, it's only the start of the championship but I'm really happy. "We had a really good drive yesterday and a good feeling in the car. It's looking good." It was a typical masterclass from Loeb. Running second on Friday in difficult conditions, which were always going to favour later runners as a racing line formed in the dusty gravel tracks, he drove superbly to stay within touch of the early leader Solberg.

Then on Saturday, when he had a more favourable starting position, he simply blitzed the field to open up a lead of a minute, which allowed him to ease off on Sunday's final stages to clinch his fourth Rally Mexico win in succession. "I had a good lead and was not going to take any risks with that when I started first on the road," he said. "I was just breezing through the last couple of stages trying to keep my concentration.

"It's a good victory; I'm back in the lead of the championship and the points we lost in Sweden we've won back - that's important." Despite leading on Friday, Solberg was pleased with being runner-up after overcoming Ogier in a thrilling duel for the second spot on the podium. The Swedish driver trailed his French rival by six tenths of a second going into the 22nd and final stage of the event, but he was quicker by 1.1 seconds over the 4.42km route to gain second place.

"We got second and I'm very happy with that," he said as he celebrated his best result for two years. It was something of a surprise that Solberg had not deliberately slowed down late on Friday in an attempt to drop down the order and have a better start position on the second day, with his decision to remain at the front meaning he was unable to fight Loeb. Solberg explained some of the motivation for his strategy was of a commercial nature.

"I could have played a tactical game," he said. "But in the team we decided it was more important for us to show that we were leading a rally. "We're still looking for sponsors for this season, and to be ahead of everybody else sends a strong message. Anyway, I needed to learn how to be fast in this car when the road conditions weren't ideal." Ogier completed the top three, followed by the Ford pairing of Hirvonen and Jari-Matti Latvala, with Henning Solberg rounding out the top six in his Ford Stobart.

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The British in India: Three Centuries of Ambition and Experience

by David Gilmour

Allen Lane

The biog

Born: near Sialkot, Pakistan, 1981

Profession: Driver

Family: wife, son (11), daughter (8)

Favourite drink: chai karak

Favourite place in Dubai: The neighbourhood of Khawaneej. “When I see the old houses over there, near the date palms, I can be reminded of my old times. If I don’t go down I cannot recall my old times.”

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

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.”

What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Squads

Australia: Finch (c), Agar, Behrendorff, Carey, Coulter-Nile, Lynn, McDermott, Maxwell, Short, Stanlake, Stoinis, Tye, Zampa

India: Kohli (c), Khaleel, Bumrah, Chahal, Dhawan, Shreyas, Karthik, Kuldeep, Bhuvneshwar, Pandey, Krunal, Pant, Rahul, Sundar, Umesh