Porsche's press kit for the GT3 RS says it can accelerate to 100kph in 3.9 seconds. That, of course, is truly remarkable acceleration. But, to be perfectly fair, it's still significantly in arrears of a common-as-toast 911 Turbo which can rattle off consistent 3.3s thanks to its quick-shifting PDK seven-speed gearbox with computerised launch control. The GT3 RS, meanwhile, goes decidedly retro with an old-school manual gearbox that is still shifted by the least competent gear-selecting mechanism of all, the human in the driver's seat.
Said gearbox is not the only throwback technology beneath the GT3's achingly gorgeous, partially carbon-fibred skin. Porsche didn't start with its latest high-tech direct-injection Boxer six when it created the new GT3 RS, but something called the Mezger engine - a derivative of the block that first powered the racing GT1 way back in the mid-nineties. It's named after Porsche engineer Hans Mezger, the man behind the 1,200hp 917s that once ruled Le Mans, and it's old enough, says Porsche, that this will be its swansong.
It's quite a send-off. Stroked rather than bored for its displacement increase to 4.0L, this is an engine that's been tuned to within an inch of its life. Along the way, it's gained titanium connecting rods, a tuned manifold from the GT3 R Hybrid racer and all manner of other gizmos to wring every last Newton-metre of torque from those four litres. The compression ratio is an extremely high 12.6:1, and the GT3's poor 102.7mm pistons are travelling an almost Formula One-like 22.8m per second when the GT3 spins all the way to its 8,500rpm redline.
The amazing thing is that the GT3's engine doesn't act the slightest bit highly strung. Engines tuned this highly are supposed to be difficult beasts, temperamental in their comportment and ready to explode at the slightest provocation. The GT3 is just the opposite. Below 4,000rpm, the GT3 sounds like pretty much any other Porsche Boxer six, albeit one with a particularly effusive exhaust system. As the car (rather quickly) gathers speed past four grand, however, its VarioCam variable valve timing starts working its magic and the exhaust note gets decidedly more urgent. The bang from those big 666 cubic centimetre combustion chambers seems sharper, the urge to internally combust that much more insistent, but still within the realm of normal Porschedom.
And if you never exceeded 6,500rpm you might be left wondering what all the hubbub surrounding the GT3 was about. But keep your foot into it and, as the revs stretch for that last 2,000rpm, its twin conical air filters add their own melodrama to all the cacophony. By the time the tach needle swings to the GT3's 8,500 redline, the intake's honking sucking sound has you worrying for low-flying birds, lest the poor creatures get vacuumed into the engine's vortex. Ferraris may have more melodic exhausts, but nothing compares with the GT3's induction roar.
Of course, all this assumes that you've got time to pay attention to this aural delight. Saying the GT3 is fast doesn't even begin to capture the way it shoves you back into the seat. Hence, my contention that its 3.9 second acceleration time, laudable as it is, is not representative of the GT3's true performance potential.
But, in truth, neither the symphonic engine note nor the otherworldly acceleration is the big surprise. Rather, it is the amazing tractability of this highly tuned motor that continued to astound long after I got used to just how quickly it could make the telephone poles fly past.
Instead, the GT3, or at least its engine, is a model of civility. Although the heady part of its powerband is towards the top end of the rev range, the car can easily be torqued out of hairpins at 3,000rpm, third gear stretching all the way from piddling out of a slimy hairpin all the way to 200kph without touching that gearshift knob. That an engine could produce so much power from so little displacement is not altogether astounding; that it could be so civilised in doing so is.
That's not to say that driving a GT3 is easy or that it is completely housebroken. Street legal it may be, but a daily driver it is not. The downside of its racerish intent is that there's a lot of background noise that would otherwise be banished. Sitting in neutral, for instance, ticking away at its sub-1,000rpm idle with not even a hint of the orchestral exhaust music that awaits, the GT3 has already announced that it is a race car with a clutch rattle loud enough to roust the dead.
Besides that stiff clutch, slightly reluctant gear shift lever and all that noise, there's the adjustable suspension offering two settings of immovable and intractable, the tight-fitting, non-adjustable Recaro sports seats (conventional seating is available) and the ceramic discs with Brembo brakes, which are more sensitive than a Greek civil servant being asked to give up his pension benefits. The steering feels as if it is hard-wired directly to your synapses in charge of directional computation. Of course, that same exactness can feel a little darty when all that you want is to cruise down the motorway with minimal fuss. Said twitchiness can be attributed to two factors: that all the synthetic bushings in the suspension system have been replaced by metal and also because, at 1,360kg, the car is just so darned light (the front fenders are formed of carbon fibre and there's a lithium-ion battery on offer to further reduce weight).
Nonetheless, though you could, I suppose, drive a GT3 RS every day, it is very much a race car barely tamed for street legality. Don't let the licence plate fool you. With only 600 units to be built worldwide, it will be difficult to come by but, already, Porsche dealerships in the UAE should have taken delivery on a few models ordered here. But know then that when you finally see a GT3 RS, you have seen Porsche's most single-minded street-going 911 ever. And then wait for the exhaust howl.
Base price
Dh682,100
Engine 4.0L boxer six cylinder
Gearbox Seven-speed automatic
Power 493 hp @ 8250rpm
Torque 461Nm @ 5750rpm
Fuel economy, combined
13.8L/100 km
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
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
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.”
SPECS
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Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
UJDA CHAMAN
Produced: Panorama Studios International
Directed: Abhishek Pathak
Cast: Sunny Singh, Maanvi Gagroo, Grusha Kapoor, Saurabh Shukla
Rating: 3.5 /5 stars
CHELSEA'S NEXT FIVE GAMES
Mar 10: Norwich(A)
Mar 13: Newcastle(H)
Mar 16: Lille(A)
Mar 19: Middlesbrough(A)
Apr 2: Brentford(H)
The specs: 2018 Ducati SuperSport S
Price, base / as tested: Dh74,900 / Dh85,900
Engine: 937cc
Transmission: Six-speed gearbox
Power: 110hp @ 9,000rpm
Torque: 93Nm @ 6,500rpm
Fuel economy, combined: 5.9L / 100km
RESULTS
Main card
Bantamweight 56.4kg: Mehdi Eljamari (MAR) beat Abrorbek Madiminbekov (UZB), Split points decision
Super heavyweight 94 kg: Adnan Mohammad (IRN) beat Mohammed Ajaraam (MAR), Split points decision
Lightweight 60kg: Zakaria Eljamari (UAE) beat Faridoon Alik Zai (AFG), RSC round 3
Light heavyweight 81.4kg: Taha Marrouni (MAR) beat Mahmood Amin (EGY), Unanimous points decision
Light welterweight 64.5kg: Siyovush Gulmamadov (TJK) beat Nouredine Samir (UAE), Unanimous points decision
Light heavyweight 81.4kg: Ilyass Habibali (UAE) beat Haroun Baka (ALG), KO second round
MATCH INFO
Uefa Nations League
League A, Group 4
Spain v England, 10.45pm (UAE)
The Africa Institute 101
Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction.
