After a processional parade in Japan that saw Max Verstappen canter to victory, Bahrain couldn't have come soon enough. The first stop in a Gulf double-header, the Bahrain Grand Prix offers the perfect antidote to Suzuka’s overtaking drought.
Famed for its long straights with DRS zones tactically placed, fans should be in for some tantalising action at the Bahrain International Circuit.
But Bahrain is no walk in the park. The desert venue experiences significant temperature fluctuations, presenting the drivers and engineers with further challenges.
An evening race that will begin at sunset, we expect dazzling imagery and multiple overtakes. Here are the main storylines to keep a close eye on this weekend:
Verstappen looks to make it back-to-back wins
Just when we thought we were nearing the end of Verstappen’s dominance, he had one of the greatest weekends of his career in Japan to remind us all that he remains a force to be reckoned.
Despite not boasting the best car on the grid, Red Bull also had to contend without two of their usual staff members who conduct the pitstop in Japan, and were forced to operate with a reserve crew. Christian Horner admitted that this reserve crew made an error when they didn’t adjust the front wing that hindered the driver’s performance and yet the racing genius Verstappen was still able to beat the faster McLarens despite the slow pit stop.
Sitting one point behind Lando Norris in the in the drivers' standings, Verstappen will be hoping to make it back-to-back wins in Bahrain. It won’t be easy, though, considering how the hot weather is said to affect the RB21. The forecast over the race weekend tops out at 34°C – and it will be even hotter on the track.
A cooler track in Japan helped mask the gap in pace between the Red Bull and McLaren, considering the low tyre wear. In Bahrain, the heat will not offer the those same advantages making, for a more difficult challenge for Red Bull.
Can McLaren end Bahrain drought?
While Verstappen insists that Red Bull still have a lot of work to do, McLaren's Lando Norris has suggested that the RB21 is likely to excel at the Sakhir circuit owing to their strength in slow speed corners which he notes is McLaren’s biggest weakness.
Qualifying behind Verstappen in Japan made life difficult for the two McLarens as they struggled in dirty air on a circuit where overtaking is difficult. Norris hinted McLaren may be in for another challenging weekend in Bahrain.
“We’ve had a great start to the season and I know a lot of things are amazing, but it’s a much slower speed circuit than the last few weekends. We still know that’s one of our weaker areas. I’m not expecting bad things, I’m just expecting a trickier weekend than the last few.”
McLaren have never won in Bahrain. While it’s still early in the season, the British marque must avoid any further setbacks and exploit the pace of the car if either Norris or Oscar Piastri hope to win the drivers’ championship.
Can Isack Hadjar continue to thrill?
A brilliant drive in Japan saw the French-Algerian rookie pick up his first points in Formula One as he begins to demonstrate his potential. Even the usually critical Helmut Marko has been impressed.
Red Bull’s motorsport advisor criticised Hadjar’s emotional response as he burst into tears after crashing out on the formation lap of the season-opening Australian GP. Hadjar was in such a state he had to be consoled by Lewis Hamilton's father, Anthony.
When the Racing Bull driver was asked what he thought of Marko’s critique, he was quick to ease any talk of tension. “I had Helmut on the phone a day later, and it's all good. I've known him for a few years now. I'm used to how he works.”
Hadjar moved on quickly and has since impressed in a car that looks to be the best of the midfield runners, at least in qualifying, and Marko was left stunned by the driver’s pace.
“His speed surprised all of us, but also the coolness which he showed,” Marko said.
The pressure is on when it comes to Yuki Tsunoda and no one would be surprised if Red Bull decide to opt for another driver swap should the Japanese suffer the same fate as his predecessors. So, would Hadjar want to be promoted considering the pressure and the difficulty of driving the RB21?
“Of course. It’s Red Bull. It’s the big team.”
For now, Hadjar has to continue performing.
Sainz struggling to adapt at Williams
It goes without saying that Sainz is one of the very best drivers on the grid. A solid driver and an excellent strategist, it was thought he would immediately excel in his new adventure at Williams, but things haven’t quite gone to plan.
In all three race weekends thus far, Sainz has been outqualified by his teammate Alex Albon and has only managed a solitary point. His Thai teammate is seventh in the standings on 18 points, demonstrating the difficulty Sainz has had in adapting to his new car.
The former Ferrari driver is having to adapt his driving style, telling reporters: “I had to adjust some elements of my driving style to make sure not to expose some of the car's weaknesses that are quite evident when I try to push a bit more in qualifying.”
This time last year, Sainz managed a podium finish in Bahrain and was the only driver capable of keeping up with the Red Bulls. This is a circuit he knows well and proved impressive when he set the fastest time in pre-season testing in February. A better performance should help raise his confidence, even if he’ll need more time to adjust to his new car and challenge Albon.
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Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
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.”
Global Fungi Facts
• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil
The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”
THE RESULTS
5pm: Maiden (PA) Dh80,000 1,400m
Winner: Alnawar, Connor Beasley (jockey), Helal Al Alawi (trainer)
5.30pm: Maiden (PA) Dh80,000 1,400m
Winner: Raniah, Noel Garbutt, Ernst Oertel
6pm: Handicap (PA) Dh90,000 2,200m
Winner: Saarookh, Richard Mullen, Ana Mendez
6.30pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Rated Conditions Dh125,000 1,600m
Winner: RB Torch, Tadhg O’Shea, Eric Lemartinel
7pm: Al Wathba Stallions Cup Handicap Dh70,000 1,600m
Winner: MH Wari, Antonio Fresu, Elise Jeane
7.30pm: Handicap Dh90,000 1,600m
Winner: Mailshot, Royston Ffrench, Salem bin Ghadayer
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