A beautiful blur: the stunning new Ferrari 599 GTO effortlessly takes on a curve at the Fiorano test track in Maranello. The GTO was developed with information derived from the company's 599XX track cars.
A beautiful blur: the stunning new Ferrari 599 GTO effortlessly takes on a curve at the Fiorano test track in Maranello. The GTO was developed with information derived from the company's 599XX track cShow more

Maranello cherry



Maranello is a sleepy town situated in northern Italy, about 20km outside of Modena and with a population of less than 17,000. It's an industrial centre with a quaint downtown area in the heart of the country's ceramics industry, but there is one business that dominates this town, in size and stature. The Ferrari factory, a modern plant built of glass and steel, is located at the edge of Maranello. And if there is any doubt as to who the dominant employer, breadwinner and spirit is in the city, one walk downtown will show the fascination and dependence Maranello has on the world's most famous sports car maker. Shops dedicated to Ferrari's products seem to be on every block; more than a few storefronts have a line of various Ferraris on their lots, ready to rent out for exorbitant amounts to test pilots; and the Galleria Ferrari, a large museum dedicated to the Scuderia's Formula One glories and filled with its beautiful cars, does brisk business.

Beyond the town's borders is typical Italy: rolling hillsides and fields of long grass, the occasional smaller hamlet, with churches and cafes that dot narrow, winding country roads. This is where the true spirit of Ferrari is found, if you're lucky enough to find yourself behind the wheel of one here, especially at speed. It's on these tight, twisty roads lined with leafy green trees that Ferrari, as well as Lamborghini and Maserati (which are also based in the same general area), test out their latest products. "If you're driving a German car in the same manner here," says a colleague, who lives in Modena, as we whip around corners, "the locals would be up in arms. But if you're in a Ferrari, it's like flying the flag of Italy. They take pride in it."

If that's true, then their chests would certainly be puffed out today. Because I'm driving the Ferrari 599 GTO, the car maker's fastest, most powerful road car it has ever produced in its 63 years in the business. And in all manner of speaking, it is certainly carrying the flag of Ferrari's racing reputation with aplomb. The 599 GTO is a special edition based on the 599 GTB Fiorano, but more so on the company's 599XX track-only variant of the same car. The 599XX was built as a test mule for Ferrari, sold to well-off clients to have their track information recorded by the Prancing Horse and used to develop technology, which has culminated in this latest GTO. Ferrari has built just 599 of these new cars, with a focus on making them race track runners yet still legal for the street. Rumour has it that all of them have been sold already, though Ferrari won't confirm this.

The 6.0L V12 is based on the same block as the Ferrari Enzo and has most of the same components as the 599XX, and now produces 670hp and 620Nm of torque. The engine itself is a technological marvel, boasting printed graphite coating on the piston skirts, F1-style superfinished cam lobes, separate spark advances for each cylinder, even a more aerodynamic shape for the crankshaft counterweights to let it spin more freely. This V12 is about as far as a road-going engine can go when it comes to today's technology.

But the engine alone is not why this Ferrari is fast (it goes from zero-to-100kph in 3.35 seconds). Its six-speed, single-clutch F1-style gearbox gives gear changes of around 60 milliseconds. And Ferrari has taken great pains to trim off 100kg from the base weight of the 599 GTB, down to a kerb weight of 1,605kg, with carbon fibre panels, thinner glass in the windows, a stripped-down cockpit, lighter wheels and exhaust system - it even uses titanium bolts instead of steel on its diet.

Yes, that's all well and fine; but Ferraris have never been simply about their mechanics, they've been famous for how it all comes together. And on these small country roads, it all couldn't come together more beautifully. As I whip the car around the countryside on this gloriously sunny day, the GTO surprisingly feels like a much lighter and smaller car; in a series of one-after-another S curves, with constant, level throttle, it sticks to the asphalt with appalling ease. It's an extremely neutral-handling car; there is not a hint of understeer to it, and only when the throttle is pressed beyond reason do you feel the traction control start to search for grip with the rear wheels. The steering is well weighted and the tyres are very grippy - on rougher asphalt and in ruts, the wheel can suddenly rip from your grip, and it takes quick reflexes to keep it where you want it to steer.

The ride is definitely not what you'd call plush; as a track-biased car, it's rough and jittery on regular streets, though not uncomfortably so. But the thin, carbon fibre-based seats are surprisingly comfortable, and they wrap your body to keep you in place during these kind of high-g manoeuvres. The 599 GTB's leather-clad cabin has been replaced with fabric and alcantra here to save weight, and the GTO's interior goes without a GPS option, but it's a very businesslike place suited to this car. I wonder about the air conditioning, though, especially for places like the UAE; even in the 30°C of Italy, it was struggling at its highest level to keep up.

Changing gears with the paddle shifters gives a very satisfying explosion to the already loud roar of the V12. Ferrari concentrated on a more dynamic sound to the engine, which it says is 8db louder than the GTB. In fact, though the intake manifold on the GTO is the same shape as that of the 599XX, it's made of aluminum instead of carbon fibre simply to add to the intake noise. But Ferrari may have gone too far, at least for public driving; in race mode, when it opens a valve in the exhaust, it was actually a little too loud. It's more of a drone than a satisfying rumble, and I left it in sport mode when poodling along just for that reason.

But the different modes don't just change the engine noise. Ferrari's racing manettino switch on the steering wheel allows the driver to adjust between five modes: low grip (maximum traction control), sport (normal driving), race (a limited traction and stability setup to allow for some slip) ct (turns off traction control and allows for 40° of sideways slip before the stability control kicks in) and cst (turns off all traction aids). And it's on Ferrari's famous and semi-secret private test track, Fiorano, that the beauty of this system, and the car itself, could be put to its limits.

Well, perhaps not by me. But in the hands of someone like Raffaele De Simone, one of Ferrari's four development test drivers, it's beautiful. The young, slightly-built Italian, dressed in a button-up shirt and sweater vest, looks like he might have just come down to the pit garage from the accounting department, but behind the wheel as he takes me around the track a few times for a thrilling demonstration, there is no mistaking his driving skills. He takes the GTO around the curves in different modes with hardly a difference in the line or performance of the car; it's when I take the wheel that those differences become apparent.

The track is a combination of longer straights, tight hairpin turns and sweeping, high-speed curves that puts any car through a good test (in fact, it's also where Ferrari experiments with its F1 cars). The race mode shows its mettle in keeping the car on track while letting a driver know when he's made a mistake; it kicks out slightly or dulls the throttle enough to transmit improper driving lines or too much throttle. The ct mode is the most fun; it allows the rear end to kick out in screeching power slides, but still reels it in when the car goes past a reasonable level. And the crt; well, with this much power on tap, let's just say I'll leave that to the professionals like De Simone.

The carbon ceramic brakes, along with carbon ceramic pads, were impressive on the road, but on the track they are amazing in their stopping power and, what's even better, show no fading. And, again, the front-end grip is amazing; it dives into tight curves, and the only understeer experienced was when the car was taken far too fast into a corner. It rewards proper driving while, in the right mode, forgives a certain amount of mistakes. But with almost 700hp, this is not a car for track-day amateurs - in fact, the 599 GTO now has the record of 1.24 minutes as the fastest road car on the Fiorano circuit.

Of course, this kind of performance comes with a price. Even if you could find one available to purchase, it would set you back a cool Dh1,361,570. But for that price, along with the thrill of driving a Ferrari comes the aura of the car maker, and no where is this more apparent than in Italy itself. In the small town of Zocca, a picturesque little place with steep hills and pavement stones just south of Maranello, my driving partner and I stop for lunch. Outside a small cafe with an outdoor patio, the waiter sees us rumbling slowly by, breaks into a grin and waves us to park in front of his entrance. As we sit on the shaded, vine-sheltered patio, enjoying the local dish of tortellini in broth, a group of locals - children and adults alike - begins to gather around the car in wide-eyed wonderment. We pop the hood to reveal the red-topped engine and allow a few to sit inside the GTO, and their excitement is palpable; it would be an experience they would talk about for a while.

Imagine if they could have driven it?

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Teams in the EHL

White Bears, Al Ain Theebs, Dubai Mighty Camels, Abu Dhabi Storms, Abu Dhabi Scorpions and Vipers

The specs: Fenyr SuperSport

Price, base: Dh5.1 million

Engine: 3.8-litre twin-turbo flat-six

Transmission: Seven-speed automatic

Power: 800hp @ 7,100pm

Torque: 980Nm @ 4,000rpm

Fuel economy, combined: 13.5L / 100km

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

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
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EDirect%20Debit%20System%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20Sept%202017%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20with%20a%20subsidiary%20in%20the%20UK%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Undisclosed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Elaine%20Jones%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENomad%20Homes%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EHelen%20Chen%2C%20Damien%20Drap%2C%20and%20Dan%20Piehler%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20and%20Europe%3Cbr%3E%3Cstrong%3EIndustry%3C%2Fstrong%3E%3A%20PropTech%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2444m%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Acrew%20Capital%2C%2001%20Advisors%2C%20HighSage%20Ventures%2C%20Abstract%20Ventures%2C%20Partech%2C%20Precursor%20Ventures%2C%20Potluck%20Ventures%2C%20Knollwood%20and%20several%20undisclosed%20hedge%20funds%3C%2Fp%3E%0A
Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5