From football to Formula one, the biggest names in sport are flocking to the UAE



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Aviation Club to continue hosting the Dubai Tennis event

Six fifty-five pm on Saturday night near the Dubai airport, the place just about bubbled with buzz. A mighty show loomed. A crammed crowd stirred. People squabbled over seats, hassling an earnest usher.

It always bodes well for events when people squabble over seats, even if you feel for the earnest ushers.

Through 6.56, 6.57, 6.58 and 6.59 it built, the people and the Swiss flags and the Serbian flags anticipating Roger Federer and Novak Djokovic emerging from the catacombs.

And as that kind of big-time feeling sets to subside in the UAE, as the heavy-event season fades toward the torpid summer with only the Dubai World Cup horse race hovering over the terrain up ahead, that scene before 7pm at the Aviation Club fits snugly with the fashion of the last four months.

Global trends have been upheld across four months here. Flukes and quirks have yielded. The big have come up big and Tiger Woods has not.

As Djokovic raised the considerable dhow trophy on Saturday evening, it cemented that Abu Dhabi and Dubai have majored in form, as if the hot names in the sports derive further dominance from the breathable air.

The curious Formula One entity Red Bull, possible only through an Austrian visionary's long-ago observing of kinetic Thai taxi drivers, supposedly had become a fresh Godzilla.

The Abu Dhabi Grand Prix confirmed that when Red Bull added the drivers' championship to the constructors' title.

The German driver Sebastian Vettel supposedly hit age 23 with a future promising bigness, and that theme deepened when Vettel sagely steered around the Yas Marina Circuit to titles both daily (in the 19th race) and seasonal (for all 19 races).

With the Ryder Cup a sidelight, we did hear that the European PGA Tour had caught up to the PGA Tour in leaderboard quality and maybe even outright glamour.

That assertion gained confirmation in late November at Jumeirah Golf Estates in a gaudy leaderboard of Westwoods and Poulters and McIlroys and Caseys that seemed superior to anything the regular old PGA Tour could cook up.

Inter Milan, having spent spring 2010 becoming the first Italian club with a too-nice-to-covet treble, punctuated their hardware year in the Club World Cup in December, even if the venture did include one tricky detail I'll broach in a moment.

If indeed it was time for Africa, as the song went deathlessly, the Congolese club TP Mazembe reiterated the same, zapping Brazil's Internacionale to access a final opposite Inter Milan.

Approaching the Fina Short Course World Championships at a gleaming Dubai facility, a swimming expert emailed the theme of the event: "Ryan Lochte, Ryan Lochte, Ryan Lochte." Lochte failed to uphold this so miserably that he reaped six gold medals and one silver rather than seven golds, the lazy lug.

He became the first person to win seven medals in the event and, more tellingly in the cementing of zeitgeist, the only person to set world records since swimmers stripped off those too-helpful body suits and went back to real human-versus-water achievements.

Certainly we live in a world that belongs largely to Martin Kaymer, and certainly the German golf phenom reminded us of this when he annihilated the Abu Dhabi HSBC Golf Championship field by a gaping eight strokes along his climb to his fresh world No 1 perch of this morning.

And as much as those winning storylines have boomed around the world and then boomed more around here, so has Woods's not-winning storyline. In that sense, his visit to Dubai in February remains consistent with his recent performances.

At one point on No 8, when he nearly disappeared behind some dunes after another unwanted stray from the fairway, it seemed awfully apt.

At another point on No 18 on Sunday, after a week spent with the usual promising flashes and the now-usual closing doors and the now-very-usual discussions of swing mechanics, he triple-bogeyed, a sight once unthinkable but by now fashionable.

Then the whole bustling season went to tennis. And to Caroline Wozniacki demonstrating why she holds down No 1. And to Djokovic showing just how he won the Australian Open while seeing zero fifth sets and only one fourth. And to 6.55pm, as the buzz reflected the soaring era of the game forged through Federer and Rafael Nadal and, increasingly, Djokovic.

Among the few wrinkles to the smooth runs of the giants here would be the wacky fact that after winning the Club World Cup on a Saturday night, Rafael Benitez, the Inter Milan manager, got the not-golden boot on the following Thursday after only six months and 13 days in the post.

Yeah, a football manager got a fast sacking.

Come to think of it, there went another trend.

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
England XI for second Test

Rory Burns, Keaton Jennings, Ben Stokes, Joe Root (c), Jos Buttler, Moeen Ali, Ben Foakes (wk), Sam Curran, Adil Rashid, Jack Leach, James Anderson

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PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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.”

Essentials
The flights

Return flights from Dubai to Windhoek, with a combination of Emirates and Air Namibia, cost from US$790 (Dh2,902) via Johannesburg.
The trip
A 10-day self-drive in Namibia staying at a combination of the safari camps mentioned – Okonjima AfriCat, Little Kulala, Desert Rhino/Damaraland, Ongava – costs from $7,000 (Dh25,711) per person, including car hire (Toyota 4x4 or similar), but excluding international flights, with The Luxury Safari Company.
When to go
The cooler winter months, from June to September, are best, especially for game viewing. 

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

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

The bio

His favourite book - 1984 by George Orwell

His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard

Favourite place to travel to - Peloponnese, Southern Greece

Favourite movie - The Last Emperor

Favourite personality from history - Alexander the Great

Role Model - My father, Yiannis Davos

 

 

A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

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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
Recycle Reuse Repurpose

New central waste facility on site at expo Dubai South area to  handle estimated 173 tonne of waste generated daily by millions of visitors

Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site

Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area

Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent  organic waste  and 13 per cent  general waste.

About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor

Recycling at Ras Al Khor unit:

Plastic items to be converted to plastic bags and recycled

Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays

Glass waste into bowls, lights, candle holders, serving trays and coasters

Aim is for 85 per cent of waste from the site to be diverted from landfill 

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ARSENAL IN 1977

Feb 05 Arsenal 0-0 Sunderland

Feb 12 Manchester City 1-0 Arsenal

Feb 15 Middlesbrough 3-0 Arsenal

Feb 19 Arsenal 2-3 West Ham

Feb 26 Middlesbrough 4-1 Arsenal (FA Cup)

Mar 01 Everton 2-1 Arsenal

Mar 05  Arsenal 1-4 ipswich

March 08 Arsenal 1-2 West Brom

Mar 12 QPR 2-1 Arsenal

Mar 23 Stoke 1-1 Arsenal

Apr 02  Arsenal 3-0 Leicester

It's Monty Python's Crashing Rocket Circus

To the theme tune of the famous zany British comedy TV show, SpaceX has shown exactly what can go wrong when you try to land a rocket.

The two minute video posted on YouTube is a compilation of crashes and explosion as the company, created by billionaire Elon Musk, refined the technique of reusable space flight.

SpaceX is able to land its rockets on land  once they have completed the first stage of their mission, and is able to resuse them multiple times - a first for space flight.

But as the video, How Not to Land an Orbital Rocket Booster, demonstrates, it was a case if you fail, try and try again.

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

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The specs

Engine: 3.5-litre twin-turbo V6

Power: 380hp at 5,800rpm

Torque: 530Nm at 1,300-4,500rpm

Transmission: Eight-speed auto

Price: From Dh299,000 ($81,415)

On sale: Now