Maybe you can measure the profundity here by the words of someone who hails from 11,740 kilometres away.
Maiky Reiter grew up in the 28,000-strong town of Estrela, Brazil, down in the state of Rio Grande do Sul, down in that notch where coastal Brazil starts to think about becoming Uruguay or Argentina. He grew up unaware of Abu Dhabi. He grew up so far from Abu Dhabi that if you flew from one to the other, you would be … OK, you would be a mess.
Yet he says this: "I want to stay here forever."
And this: "I don't see my life out of Abu Dhabi."
And this: "When you do what you love and you get respect for that and good money, what else do you need?"
You might need a family, of course, but he and wife Renata, a Sao Paulo native, intend to build their family here.
He said all this on Wednesday morning at the UAE Wrestling, Judo & Jiu-Jitsu Federation, as he prepared to train Emirati jiu-jitsu practitioners such as Mohammed Al Qubaisi, Hassan Al Rumaithi, Faisal Al Kitbe, Yahya Al Hamadi and Khalifa Ahmed Al Mazrouei.
Reiter, 26, trains them now at their utmost time of year, ahead of the World Professional Jiu-Jitsu Championships, in Abu Dhabi from Thursday through Saturday.
He trains them here at a sport hatched by Brazil's late Gracie brothers - Brazilian jiu-jitsu it is, officially - even though in Brazil itself the sport remains overshadowed by the other overshadowed sports, with all the sports in the shadow of one. (Guess.)
"It's a Brazilian sport," Reiter said, "but if I tell anyone in Brazil I'm a jiu-jitsu fighter, the guy's going to look at me like a criminal! If I tell a journalist," the journalist might look baffled. "But here …"
"Here," he had just finished saying earlier, "we have the respect we never had before."
That's right: Sheikh Tahnoon bin Zayed and, in turn, Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Command of the Armed Forces, essentially have taken a sport and given it a capital. The gratefulness for that spreads wide. Said Al Kitbe, "This is the best thing ever to happen to jiu-jitsu in all the world." Sheikh Tahnoon learnt the game while studying in San Diego in the 1990s, and the Emirati athletes refer glowingly to the chance to train with him for two weeks this year. Sheikh Mohammed came on with enthusiastic support that gains him references among the athletes as "the godfather of jiu-jitsu".
And here in this place he never imagined, Reiter lives and trains the Emirati athletes with a backdrop of a running family joke, of the day his father in Brazil bewailed:
"You sold your car to buy a dream?"
Not the sort to sit still, Reiter raced motocross from ages six to 12 in Brazil. In a "really bad accident", his right shoulder became so dislocated that a doctor told him, "You're going to lose some motion."
"Of course, you're 14 years old, and you cannot move," Reiter said. "A motocross racer, full of energy. And now I have to stop moving around."
A friend, Luis, suggested jiu-jitsu, and the 14-year-old Maiky soon turned up at the Sol Jiu-Jitsu Gym in Porto Alegre, the state capital, Brazil's 10th-largest city and the home of the football club Internacional, which graced Abu Dhabi's Club World Cup in December 2010. He did get a little queasy early on, but he loved it, even as the smallest guy in the group and even starting off scared.
It became "an amazing experience", and he "started going every day", and he says, "It's crazy how we find time for these things."
As a teenager with four siblings, he worked in his father's logistics business until he sold the car for a dream to stir his father's response and the ensuing years of family joking about the father's response. "I was just training," he said. "You know, it was a hobby. One hour a day, two hours a day … One day I came to my father and said, 'I'm going to do this.'"
His father was supportive if bewildered, and in 2007 off went Maiky, the first jiu-jitsu fighter from his town, to Thailand, to the Netherlands, to various veins of competition including mixed-martial arts, and by 2009 to here and "forever". As he put it, "I found my place."
Now he provides one of many windows on the meaning of this particular capital, and he gets a kick out of his father's obvious pride in him, including that moment when his father visited Abu Dhabi and beamed as he got into the son's car, whereupon the son said, "Wow, my dream bought my car."
cculpepper@thenational.ae
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HAJJAN
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Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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South Korea
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The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
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Lord Smith, former Cabinet minister
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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.”
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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Family: I am happily married to my wife Liz and we have two children together.
Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.
Favourite book: I constantly find myself reading The Bible.
Favourite film: The Greatest Showman.
Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.
Favourite food: I went to boarding school so I like any cuisine really.
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