Jean Todt, centre, attends the first stage of the 45th Rally of Catalonia in Spain at the weekend.
Jean Todt, centre, attends the first stage of the 45th Rally of Catalonia in Spain at the weekend.

UAE backs Frenchman in race for FIA presidency



ABU DHABI // The UAE is throwing its growing weight in the world of motorsport behind the candidacy of the former Ferrari F1 team director Jean Todt for the presidency of Formula One in the October 23 election. Amid concerns over the policies of Finland's Ari Vatanen, Mr Todt's rival for the presidency of the Fédération International de l'Automobile (FIA), the decision to back the Frenchman is significant: the arrival of F1 in Abu Dhabi means the emirate is emerging as the centre of regional motorsport.

According to Mr ben Sulayem, the president of the Automobile and Touring Club of the UAE, Mr Vatanen has lost the UAE's support and that of most other Arab motorsport federations because of his plan to repeal the FIA members' voting statute and on account of his well-known displeasure at F1's increasingly international calendar. Mr ben Sulayem, who is also the FIA's vice president for sport, spoke out after securing support for his position from the highest level of UAE motorsport.

He believes other regional federations will follow suit. Mr Vatanen favours a change in the voting arrangements that would end up "emasculating the large majority of the members who would become, effectively, mere associates", Mr ben Sulayem said. "I have publicly stated to my fellow club presidents that a vote for Vatanen could be our last and final vote." The FIA is governed by what is essentially a one-vote-per-country system.

However, countries such as the UAE, which have representative bodies in both the sports and mobility classes, are granted two votes. Small nations match larger ones in voting power. In a July interview with the magazine Autosport, Mr Vatanen said: "Currently, it is very biased towards small countries." But in the most recent election newsletter on his website, he said, "I have never, and I repeat, never had the intention to reduce the influence of smaller clubs in any way."

Mr ben Sulayem believes the UAE had no choice but to back Mr Todt after Mr Vatanen followed up his apparent change of heart with a statement that moving F1 around the world was "alienating its traditional customers". To that Mr Sulayem said: "While I respect tradition, I cannot respect a Europhile who would deny the global development and spread of F1. "If the clock were turned back, we may not be looking forward to the Grand Prix in Abu Dhabi at the end of this month. How can I support such a policy?"

The UAE's official backing of Mr Todt's candidacy comes hot on the heels of a controversial Dead Sea summit in Jordan, where the kingdom's Prince Feisal Al Hussein - the chairman of Jordan's motorsport federation - accepted an invitation to be the Middle East vice president for sport in Mr Vatanen's prospective cabinet. After that meeting, UK media reports said 80 per cent of the Arab voting bloc supported Mr Vatanen. Mr ben Sulayem insisted that the figure was closer to 20 per cent.

@Email:emegson@thenational.ae

The specs
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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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Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5

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Women’s draw: Maitha Al Neyadi (57kg)

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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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How to become a Boglehead

Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

•   Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.

•   Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.

•   Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.

•   Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.

•   Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.

•   Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.

•   Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.

•   Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.

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The Orwell Prize for Political Writing

Twelve books were longlisted for The Orwell Prize for Political Writing. The non-fiction works cover various themes from education, gender bias, and the environment to surveillance and political power. Some of the books that made it to the non-fiction longlist include: 

  • Appeasing Hitler: Chamberlain, Churchill and the Road to War by Tim Bouverie
  • Some Kids I Taught and What They Taught Me by Kate Clanchy
  • Invisible Women: Exposing Data Bias in a World Designed for Men by Caroline Criado Perez
  • Follow Me, Akhi: The Online World of British Muslims by Hussein Kesvani
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Artist: Linkin Park

Label: Warner Records

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  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
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  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.

The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre

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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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Rating: 3/5


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