Team Abu Dhabi's Thani al Qamzi still has a shot at winning the drivers' championship for the first time. 
Vittorio Ubertone / Idea Marketing
Team Abu Dhabi's Thani al Qamzi still has a shot at winning the drivers' championship for the first time. Vittorio Ubertone / Idea Marketing

Powerboats: machines that make F1 cars look sluggish



It is as misunderstood as it is magnificent; as bewildering as it is breathtaking. Formula One powerboat racing is the pinnacle of international marine-based motorsport and yet remains ignored by the majority of the population - despite the country hosting two of the World Championship season's eight rounds.

F1H20 - as it has come to be known since its creation in 1981 - was once likened to "driving an F1 car at full speed over a ploughed field" and, in terms of acceleration, powerboats are unrivalled not only on the azure aqua, but also in motorsport in general.

Lewis Hamilton's McLaren-Mercedes F1 car, for instance, can reach 160kph in around 6.3 seconds, but the tunnel-hull catamaran driven in F1H20 comfortably eclipses that by reaching the same speed in just four seconds.

Regulated by the Union Internationale Motonautique (UIM), F1 powerboats reach speeds in excess of 225kph and the pilots attack hairpins at 150kph. As they battle at high speed with waves and wakes, they do so without brakes or shifting gears. High-speed jet-skis they are most definitely not.

With powerboats offering faster acceleration and the sport's grands prix providing better views of the entire race - as well as free tickets - there is little reason why the marine code should not be challenging its asphalt cousin.

But Nasser al Dhaheri, the race organiser for this weekend's grand prix in the capital, knows F1H20 is unlikely to ever catch Bernie Ecclestone's motorsport circus.

"Formula One is much more famous and is a factory competition," he said. "You have names such as Ferrari and Mercedes competing, and famous drivers too.

"The public relations department of F1 is huge and when you consider the money, the ideas and marketing, you cannot even compare the two, really. But we are trying to develop people's knowledge of powerboats. If we can get people to understand the sport, then we can grow."

Al Dhaheri is under no illusions, yet believes this weekend's Grand Prix of Abu Dhabi can draw almost as many fans as the 50,000 spectators who watched the F1 at the Yas Marina Circuit last month.

"There are people in this country who have a real interest in powerboats," al Dhaheri said. "We have viewing areas all around the Corniche and we have a grandstand that seats 2,000 people. Last year we had between 30,000 and 40,000 people come to watch and this year we expect the same again."

Those who watch from the beach or the shores of the Arabian Gulf will likely not appreciate a few key observations made possible when up close and personal with a tunnel-hull catamaran.

The first thing you notice when the shell-like Kevlar roof clamps down to envelope you inside the cockpit capsule of an F1 powerboat is not merely that it is cramped - incredibly cramped - and it is also not that the visibility is minimal courtesy of only a small sliver of Perspex.

Neither is it that your seatbelt straps your body up as tight as your lungs allow, but rather, unlike an F1 race car where the driver's head is secured to protect them from the neck strain that comes with experiencing five or six Gs of gravitational force, inside the cockpit of a powerboat, your head simply sits perched on your shoulders, supported by little more than a starched collar.

"Yes, your head gets thrown around pretty bad," conceded Thani al Qamzi with the kind of fearless smile evident in the majority of high-speed sportsmen. "Sometimes it takes me a day or so to get rid of the pain from my neck."

Al Qamzi, together with childhood friend and teammate Ahmed al Hameli, make the foundations of Team Abu Dhabi, based out of the UAE capital's International Marine Sports Club. The team is managed by Scott Gillman, a Californian with four world championship titles in his locker, and together they travel the world competing against an international field made up of pilots from, among other places, Italy, Finland and the United States.

Today sees the start of qualifying for tomorrow's penultimate race of the season where al Qamzi, 32, is chasing his first world title. He trails America's Jay Price, the championship leader, by 19 points, but with 20 points awarded for a victory, the Emirati is still in the running. Just.

"Thani has, for the past three years, been within 15 points of the championship lead and this year he is right up there again," Gillman said. "He finished second last year and we are hoping this time he can go one better, but it will be tough."

In last weekend's race in Doha, al Qamzi and al Hameli both found their hopes hit by technical issues resulting in them starting the race in 18th and 16th places respectively. Yet, the speed of their boats shone through and they managed to recover to finish amid the points. "Things went OK in Doha," Gillman said. "Ahmed had a mechanical failure in qualifying so had to start at the back of the field, but did excellent to finish fourth. And it was the same situation with Thani, who finished sixth. Thani still has an opportunity to win the championship, but it is a big task now and really he needs to win this weekend."

Al Qamzi, however, is refusing to look at the championship standings, instead opting simply to focus on his performances in the cockpit.

"At the end of the season we will see where I am," al Qamzi said. "I will try my best to get some points in the championship. If I finished second again I would be happy, but, of course, first is better. It is my goal to be world champion. I think this is important. It is not only important for me though - the sport is growing and for my country to be home to the world champion would be very special."

With races in Finland, Russia, Tunisia and Guatemala rumoured to be ready to join the 2011 calendar, global expansion is evident.

And it makes sense. In a climate where finances are tight and infrastructure has to offer a legacy, an F1 Powerboats track is relatively simple: wherever there is water, there can be a circuit. And for a relatively reasonable price it can be moved and removed at will.

A standard grand prix lasts for 50 laps of around 2,000 metres and sees each of the 24 boats starting on the dock, before accelerating in congested waters for 400 to 600 metres until they reach the first inflatable buoy - the most treacherous turn of the course.

"The start is the most dangerous because of the traffic," said al Hameli, sitting in an office at the marine sports club, where, above him, framed and nailed to the wall, is a sequence of three photographs showing a powerboat gradually disintegrating in the air following a high-velocity crash.

The pilot survived, but al Qamzi's cousin, Mohammad al Mehairi, was not so fortunate last year when his boat flipped in the water off the coast of Dubai. He and fellow Victory Team pilot Jean Marc Sanchez were pronounced dead on arrival after being rushed to hospital.

"If you can get past the first corner in a good position then you are happy. Otherwise, it can be very bad," al Hameli added.

Qualifying to decide who begins on pole, and thus who secures the best position to tackle the hazardous first turn, takes place today at 3pm. The race begins tomorrow at 3.30pm. Those with faint hearts may be inclined to stay at home.

Schedule

Today
9.20am–9.40am. Free practice F-4S
9.50pm–10.10am. Timed trials F-4S
10.30am–11.30am. Free practice F1
1.30pm–1.50. F-4S race 1
3pm–4pm Timed trials F1

Tomorrow
9.15am–10.15am. Free practice F-4S
9.50am–10.10am. Timed trials F-4S
10.30am–11.30am. Free practice F1
1.30pm–1.50pm. F-4S race 2
3.30–4.15. Grand Prix of Abu Dhabi

UIM F1 driver standings

Driver    Team    Points

1. Jay Price     Qatar F1 Team    68 pts
2. Francesco Cantando     Singha F1 Racing Team    59 pts             
2. Alex Carella     Team Mad Croc    59 pts
2. Sami Selio     Team Mad Croc    59 pts                       
5. Thani al Qamzi     Team Abu Dhabi     49 pts                  
6. Pierre Lundin     CTIC China Team     33 pts
7. Ahmed al Hameli     Team Abu Dhabi      29 pts
8. Phillipe Chiappe     CTIC China Team      19 pts
9. Tim Seebold    Team Skydive Dubai       16 pts
10. Jonas Andersson    Team Azerbaijan             13 pts

Team AD results, remaining fixtures

Results    Al Qamzi    Al Hameli
Portimao, Portugal                   Third (12 pts)                                            First (20 pts)
St Petersburg, Russia               Fourth (9)                                                            Retired
Linyi, China                                 Eighth (3)                                                            Retired
Liuzhou, China                            Second (15)                                                        Retired
Shenzhen, China                        Sixth (5)                                                               Retired
Doha, Qatar                                 Sixth (5)                                                          Fourth (9)
Remaining races
Abu Dhabi                                   Saturday                                                                 
Sharjah                                        December 10

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Company%20profile
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What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

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The 12

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

Specs

Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

Structural%20weaknesses%20facing%20Israel%20economy
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No%20Windmills%20in%20Basra
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Specs%20
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UAE currency: the story behind the money in your pockets

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.”

Reputation

Taylor Swift

(Big Machine Records)

Business Insights
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  • 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.
Company%20Profile
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COMPANY%20PROFILE
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Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
TCL INFO

Teams:
Punjabi Legends 
Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals

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
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5