London 2012
Sega
PS3, Xbox 360, PC
****
A few weeks ago we brought you a not-at-all-Olympics-endorsed sporting compilation game in the passable Summer Stars 2012, a simple, cheery affair that sadly didn't allow you to once imagine yourself in London without breaking strict sponsorship agreements. Thankfully, we've finally got the real, official deal in Sega's London 2012, a game that fully permits you to pretend you're really there; with your face in a businessman's armpit on the London tube, handing over your life savings for a bottle of water in the Olympic Village, or spending three days in custody for attempting to eat anything other than McDonald's fries.
Cynicism may be compounded by the fact that games come out every single Olympics and, by and large, they're a bit on the rubbish side. London 2012, however, might have broken that unfavourable mould.
A slickly produced game that has clearly been designed to showcase the UK in the best possible light (notice the weather, for starters), London 2012 takes you on a merry tour of a fairly sizeable chunk of the game's long list of sports. In the main game, select your national team and off you go, picking two events at a time, which you must first qualify for and then compete in for medals.
Unlike track and field games of old that were mainly about frantic button bashing, this complicates things by adding a precision element. So while in, say, the 100 metres, you are indeed bashing two joypad buttons; go too wild and you'll over exert yourself and slow down. The trick is to keep the energy bar at a certain level, while then remembering the all-important lunge at the end.
Other events play around with this, too. The long jump sees you build up speed and then use the stick to aim your leap at the right moment, while in the butterfly (one of many swimming events), you ditch the buttons altogether and just use the sticks as your arms. It's all quite simple to get to grips with and hardly the most 21st-century in terms of gameplay, but rather difficult to master.
While the graphics are sublime and the commentary unusually not annoying, the game unfortunately lacks the licensing rights to the players' names, so if you want to be Usain Bolt you'll have to utilise its clever character editing element.
Each event is over in a matter of minutes (you can only go back and repeat things now and again), so your whole Olympics can really be done in a couple of hours. Thankfully, there's a decent online option to keep things going that will no doubt see you develop a fierce Seb Coe/Steve Ovett-style rivalry with a small child in Seoul.
While London 2012 claims Xbox Kinect and PS Move compatibility, this is only in the "Party Mode" for lounge-based Olympics high jinks with your mates. Given some of the motion-capture frustrations of other games, its limited use perhaps isn't necessarily a bad thing.
"The best Olympics game so far" perhaps isn't a huge accolade, and London 2012 might not have the legs to maintain interest once the flame moves on and Londoners return to moaning about other things. But it is a great-looking, fun-to-play effort that should work well as a side game alongside the real deal.
Director: Romany Saad
Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari
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.”
Who is Ramon Tribulietx?
Born in Spain, Tribulietx took sole charge of Auckland in 2010 and has gone on to lead the club to 14 trophies, including seven successive Oceania Champions League crowns. Has been tipped for the vacant New Zealand national team job following Anthony Hudson's resignation last month. Had previously been considered for the role.
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SHALASH THE IRAQI
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Company name: Almouneer
Started: 2017
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Based: Abu Dhabi
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Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
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Breaking News: The Remaking of Journalism and Why It Matters Now
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Kaala
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Manikarnika: The Queen of Jhansi
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Producer: Zee Studios, Kamal Jain
Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni
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