Methinks Jaguar is about to regain some of the credibility it has so assiduously squandered in recent years. Thanks to Ian Callum, there's something more stylish in Jaguar dealerships than the ever more regressive homages to Sir William Lyons' iconic 1968 XJ that had been emanating from its design studios. In its place is a sense that looking to the future, rather than navel-gazing at the past, is the way forward for the legendary English car maker.
It's not a moment too soon. The recent economic tsunami might easily have swallowed whole a boutique car maker that had lost its way. And, let's be honest, Jaguar had lost its mojo. From an X-Type that was based on a Ford Econo-sedan to an S-Type and XJ whose retro stylings had started looking woefully out of date, the hoary English marque had just about spent all the brand equity it took 75 storied years to create.
A new XK, a spate of new, technically-advanced V8 engines and the much-ballyhooed XF all indicated that Jaguar was on something of a revival. But Jaguar lives and dies on the reputation of its iconic, top-of-the-line XJ sedan, and that, most recently, had suffered massively for its retro styling. Built on one of the most advanced chassis in the automotive world - constructed of lightweight bonded and riveted aluminium - Jaguar clothed its wondrous technology in last year's rags and buyers ignored the result in droves.
They will not ignore this latest eighth-generation XJ. Avante garde where its predecessor was passé, sleek where the old was bulky, the 2011 XJ combines the grace traditional in all Jaguars with the modernity that its designs have lacked of late. Criticise little details like the odd black C-pillar if you must, but the entire car is gorgeous indeed.
Underneath that swooping skin is an evolution of the chassis developed for its predecessor, albeit with numerous developments as Jaguar learns more about the intricacies of moulding, extruding and casting aluminium. This version, for instance, incorporates more magnesium for even greater weight saving (Jag claims that its lightweight body-in-white is 135 fuel-saving kilograms lighter than an equivalent steel version), fewer rivets are needed and advances in its adhesives technology means that fusion welding is no longer required anywhere in the chassis.
It must work, because the chassis is reputed to be 11 per cent stiffer than its already impressively rigid predecessor and is the best overall ride/handling package Jaguar has ever constructed. From a ride best described as velvetine to handling (in the car's Dynamic Mode) that is all but BMW precise, the new XJ is equal to anything in this distinctly competitive segment. Indeed, the XJ's steering is the first in this segment to rival the BMW 7 Series for delicacy and feedback. The suspension, even in top-line Supersport guise, is not quite as stiff as a Bimmer, but roll is well contained and high-speed handling is all you could want out of a full-sized saloon.
And, by full-sized, I mean the longer-wheelbase (by 125mm) version of the new XJ that, unlike previous top Jaguars, was designed simultaneously with the short wheelbase. In fact, Jaguar claims that it conducted most of its suspension calibration on the longer model, probably the reason I preferred the bigger car's more planted feeling at speed.
Speed is something the new XJ generates with consummate ease. Even the lowliest version - the US$72,500 (Dh266,000; all prices for the US market, UAE markets may differ), short-wheelbase, normally-aspirated 5.0L - boasts 385hp, just 15 down on the predecessor's supercharged V8. Jaguar claims a 5.7-second zero-to-100kph acceleration time. It feels faster. Certainly, the lack of the supercharger does not leave it wanting compared with the competition, aided, again, by that lighter-than-steel chassis.
The full-zoot $112,000 (Dh411,000), 510hp supercharged Supersport (there's also a $87,500 (Dh321,100), 470hp "Supercharged"), of course, adds even more performance, scooting to 100kph in less than five seconds. There's even more torque (not that the base version is lacking) and the Supersport is easily comparable with BMW's 760 and the AMG S63 Mercedes. Unusually, the supercharged version also seems a tad smoother with, again unusually, a mellower intake note.
Oddly, the Supersport does not get any significant chassis upgrades to go along with its power increase. On the one hand, as I mentioned earlier, the XJ handles a treat and is easily able to minister to the supercharged engine's 125 extra ponies. On the other, all that power deserves the very best chassis Jaguar can muster and behind the wheel of the aluminium-framed beast - even in its most powerful supercharged version - there's a feeling of more performance waiting to be unleashed.
Inside, though the XJ be all-new, there's still the feeling of cosiness common to all Jags, even in the rear seats of the long-wheelbase, where there's plenty of room to stretch out. Traditionally, that's been the main attraction of Jaguar interiors. To the 2011 XJ, you can now add some (actually desirable) hi-tech wizardry.
My favourite is the new TFT gauge set that is, not only colourful and crystal clear, but profoundly useful. The screen typically displays three round dials - a fuel/temperature gauge, the large speedometer in the middle and a tachometer to the right. However, if the navigation system indicates a change of direction is about to occur, the computer controller morphs the temp/fuel gauge into a little histographic image of the turn you should make. Want to reset the vehicle settings? A complete list of the choices pops up temporarily where the tach generally resides. There's plenty more gee-whizzery, all of it practical.
There's also the touch-screen on-board computer controller that's a lot easier to fiddle with than those silly computer knobs favoured in Germany. And there's a phenomenal Bowers & Wilkins audio system, of which 1,200 watts and 20 speakers are the next best thing to the Bang & Olufsen system offered in the Audi A8. Beethoven's Fifth never sounded so good.
It's actually quite tough to find things to complain about the new Jag (though, see the marketing sidebar, because I did manage). Reliability, if we are to believe JD Power & Associates, is up, the styling fresh, the technology advanced and the performance stupendous.
The revitalisation of Jaguar appears to be real.
Jaguar can confirm the XJ will start at Dh349,000 here in the UAE, but no other details are available.
motoring@thenational.ae
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
Company%20Profile
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Company%20Profile
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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.
Mubadala World Tennis Championship 2018 schedule
Thursday December 27
Men's quarter-finals
Kevin Anderson v Hyeon Chung 4pm
Dominic Thiem v Karen Khachanov 6pm
Women's exhibition
Serena Williams v Venus Williams 8pm
Friday December 28
5th place play-off 3pm
Men's semi-finals
Rafael Nadal v Anderson/Chung 5pm
Novak Djokovic v Thiem/Khachanov 7pm
Saturday December 29
3rd place play-off 5pm
Men's final 7pm
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
COMPANY%20PROFILE
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VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
ENGLAND SQUAD
Goalkeepers Henderson, Pickford, Pope.
Defenders Alexander-Arnold, Chilwell, Coady, Dier, Gomez, Keane, Maguire, Maitland-Niles, Mings, Saka, Trippier, Walker.
Midfielders Henderson, Mount, Phillips, Rice, Ward-Prowse, Winks.
Forwards Abraham, Barnes, Calvert-Lewin, Grealish, Ings, Kane, Rashford, Sancho, Sterling.
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.”
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Getting%20there%20and%20where%20to%20stay
%3Cp%3EFly%20with%20Etihad%20Airways%20from%20Abu%20Dhabi%20to%20New%20York%E2%80%99s%20JFK.%20There's%2011%20flights%20a%20week%20and%20economy%20fares%20start%20at%20around%20Dh5%2C000.%3Cbr%3EStay%20at%20The%20Mark%20Hotel%20on%20the%20city%E2%80%99s%20Upper%20East%20Side.%20Overnight%20stays%20start%20from%20%241395%20per%20night.%3Cbr%3EVisit%20NYC%20Go%2C%20the%20official%20destination%20resource%20for%20New%20York%20City%20for%20all%20the%20latest%20events%2C%20activites%20and%20openings.%3Cbr%3E%3C%2Fp%3E%0A
Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
Results
%3Cp%3E%3Cstrong%3EStage%207%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Adam%20Yates%20(GBR)%20UAE%20Team%20Emirates%20%E2%80%93%203hrs%2029min%2042ses%3Cbr%3E2.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%20%E2%80%93%2010sec%3Cbr%3E3.%20Geoffrey%20Bouchard%20(FRA)%20AG2R%20Citroen%20Team%20%E2%80%93%2042sec%3Cbr%3E%3Cstrong%3EGeneral%20Classification%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3E2.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenaders%20%E2%80%93%2059se%3Cbr%3E3.%20Adam%20Yates%20(GBR)%20UAE%20Team%20Emirates%20%E2%80%9360sec%3Cbr%3ERed%20Jersey%20(General%20Classification)%3A%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3EGreen%20Jersey%20(Points%20Classification)%3A%20Tim%20Merlier%20(BEL)%20Soudal%20Quick-Step%3Cbr%3EWhite%20Jersey%20(Young%20Rider%20Classification)%3A%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3EBlack%20Jersey%20(Intermediate%20Sprint%20Classification)%3A%20Edward%20Planckaert%20(FRA)%20Alpecin-Deceuninck%3C%2Fp%3E%0A
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
BIRD%20BOX%20BARCELONA
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SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
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Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.