Azerbaijan will take its place on the Formula One calendar in 2016 as the new Grand Prix of Europe. Azeri capital Baku will host the event after signing a deal with Bernie Ecclestone, the F1 chief executive.
The race adds to F1’s push into eastern edges of Europe, with Russia due to host its inaugural grand prix later this season at a purpose-built circuit around the Sochi Olympic Park.
Confirming the deal, Azerbaijan’s minister of youth and sport, Azad Rahimov, said: “I am delighted to officially announce we have signed a contract to bring Formula One racing to Baku in 2016.
“Baku will be a spectacular addition to the Formula One calendar. Our location at the crossroads of eastern Europe and western Asia is a new frontier for Formula One racing.
“The course we are planning to design will be similar to leading street circuits already on the calendar.”
Ecclestone, meanwhile, said: “We are very happy Baku has joined the Formula One family.
“This will be a street race, which will pass through interesting and picturesque parts of Baku, and will meet the current Formula One criteria.”
Baku will be the latest venue to stage a Grand Prix of Europe, with Valencia the previous host in 2012 before its exit due to costs.
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COMPANY%20PROFILE
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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
COMPANY PROFILE
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
The%20Iron%20Claw
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UJDA CHAMAN
Produced: Panorama Studios International
Directed: Abhishek Pathak
Cast: Sunny Singh, Maanvi Gagroo, Grusha Kapoor, Saurabh Shukla
Rating: 3.5 /5 stars
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
