Emirates Team New Zealand stage back-to-back victories to win the Louis Vuitton Trophy over defending America's Cup champions BMW Oracle Racing.
Emirates Team New Zealand stage back-to-back victories to win the Louis Vuitton Trophy over defending America's Cup champions BMW Oracle Racing.

Emirates Team New Zealand shock Oracle to win LVT



DUBAI // Emirates Team New Zealand (ETNZ) staged back-to-back victories yesterday to win the Louis Vuitton Trophy over defending America's Cup champions BMW Oracle Racing.

The New Zealand team, who fly the UAE flag, staged a dramatic run in the final minutes of the first race as skipper Dean Barker erased a nearly 150-metre lead by James Spithill's Oracle team.

In the second race in the best-of-three final, New Zealand closed in when the Americans' spinnaker became stuck in the hatch for several seconds during a hoist in light northwesterly breezes in the Gulf. ETNZ crossed the line 350m in front.

The race came after the New Zealand team paid tribute to the 29 coal miners killed in an explosion last week at the Pike River coal mine.

The race was a rematch between the two captains - Barker and Spithill - who raced the Louis Vuitton Cup 2007 final in Valencia, Spain, when the Kiwi team also came out on top.

The victory concluded a dominant performance by the team from Auckland who over two years won four of five Louis Vuitton Trophy events and finished second in the other.

Serenaded by boat horns and sirens, the crew were hugging, cheering and high-fiving for a minute and a half before the American boat finished.

"It's been a tough couple of weeks," said Grant Dalton, the managing director of ETNZ who also races on the boat, his normally serious face split by a huge smile.

"We kind of saved our best till last. Oracle have been the form boat for the whole regatta. We came out today with determination knowing that on our day we are good enough but we would really need to produce.

"The guys in the back of the boat did a real nice job. The Oracle guys are a class act and they sailed really well."

Asked about the secret to his team's success, Dalton said: "It's a team that lives on the smell of an oily rag. Everyone buys into the culture and the way we operate. We're not frivolous at all."

Spithill conceded that the result was "pretty disappointing" to the team that had looked best for two weeks. "We had our opportunities in both races, but they beat us fair and square," he said.

The final marked the last series for America's Cup-class boats as sailing moves into the multi-hull era of 72-foot, wing-sail catamarans.

It is the end of 20 years of competition in the America's Cup, Louis Vuitton Cup and Louis Vuitton Trophy for the boats.

Hosting the race was an important step for the UAE in increasing the country's profile on the international sailing circuit, especially after this year's America's Cup, originally planned for Ras al Khaimah, was shifted to Spain after Oracle Racing raised safety concerns about the venue's proximity to the Iranian coastline.

Next up, Abu Dhabi will be the first Middle East stopover for the Volvo Ocean Race, which begins in October next year in Spain.

The races

Race 1, Emirates Team New Zealand def BMW Oracle Racing, 17secs

New Zealand’s Dean Barker landed the opening punch in his race with James Spithill. Just over two minutes before the start, with both boats almost stalled in a dial-up, Barker turned sharply away. The New Zealand boat’s stern struck the side of the Oracle boat and Spithill was penalised for failing to keep clear.

The American boat went up the right side of the course, shutting out New Zealand attacks until the weather mark where Barker turned inside and drew almost level. Emirates Team New Zealand kept the pressure on all the way down the run but made a slow mark rounding with their spinnaker momentarily in the water. On the beat, New Zealand went out to the port layline while the Americans worked the shifts up the middle of the course. With a 150-metre lead, Spithill unwound his penalty but left the door open for Barker to again get inside at the top mark and claim the right side of the course on the run to the finish. The Americans had it won until Emirates Team New Zealand gybed into a wind shift and more pressure to overtake and win.

Race 2, Emirates Team New Zealand def Oracle, 1min 37secs

Emirates Team New Zealand claimed the pin end of the start and had a small lead up most of the course, but Oracle enjoyed the benefit of the right side and overtook to lead by 11secs at the top mark.
Oracle lost ground when their spinnaker was stuck in the hatch for vital seconds during the hoist. Barker stalked the Americans, helped further when they had to shed a ripped spinnaker in a gybe peel.
With better pressure on the right, Barker crossed clear on port tack just before the leeward mark. New Zealand covered their opponent and worked the shifts for the next two legs to finish 350m in front.

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
US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EMaly%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Mo%20Ibrahim%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%20International%20Financial%20Centre%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20%241.6%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2015%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%2C%20planning%20first%20seed%20round%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GCC-based%20angel%20investors%3C%2Fp%3E%0A
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Tu%20Jhoothi%20Main%20Makkaar%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELuv%20Ranjan%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERanbir%20Kapoor%2C%20Shraddha%20Kapoor%2C%20Anubhav%20Singh%20Bassi%20and%20Dimple%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
RESULTS

5pm: Maiden (PA) Dh80,000 1,400m, Winner SS Lamea, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer).

5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,400m, Winner AF Makerah, Sean Kirrane, Ernst Oertel

6pm: Handicap (PA) Dh80,000 1,600m, Winner Maaly Al Reef, Brett Doyle, Abdallah Al Hammadi

6.30pm: Handicap (PA) Dh90,000 1,600m, Winner AF Momtaz, Antonio Fresu, Musabah Al Muhairi

7pm: Handicap (PA) Dh80,000 2,200m, Winner Morjanah Al Reef, Brett Doyle, Abdallah Al Hammadi

7.30pm: Handicap (TB) Dh100,000 2,200m, Winner Mudarrab, Jim Crowley, Erwan Charpy

MATCH INFO

League Cup, last 16

Manchester City v Southampton, Tuesday, 11.45pm (UAE)

The%C2%A0specs%20
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ARM%20IPO%20DETAILS
%3Cp%3E%3Cstrong%3EShare%20price%3A%3C%2Fstrong%3E%20Undisclosed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETarget%20raise%3A%3C%2Fstrong%3E%20%248%20billion%20to%20%2410%20billion%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProjected%20valuation%3A%3C%2Fstrong%3E%20%2460%20billion%20to%20%2470%20billion%20(Source%3A%20Bloomberg)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELead%20underwriters%3A%3C%2Fstrong%3E%20Barclays%2C%20Goldman%20Sachs%20Group%2C%20JPMorgan%20Chase%20and%20Mizuho%20Financial%20Group%3C%2Fp%3E%0A
Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

The studios taking part (so far)
  1. Punch
  2. Vogue Fitness 
  3. Sweat
  4. Bodytree Studio
  5. The Hot House
  6. The Room
  7. Inspire Sports (Ladies Only)
  8. Cryo
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
Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
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 
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions