The 2020 Tokyo Olympics are well under way, having kicked off on Friday with a toned-down yet spectacular opening ceremony.
Although the Games are a bit muted without spectators in attendance owing to the pandemic, there is still plenty of excitement to come from watching some of the world’s best athletes compete against one another.
For those who can’t get enough of this year’s action, thankfully there is social media, as a number of Olympians have taken to TikTok to give a behind-the-scenes look at what’s happening in Tokyo.
From sharing what their rooms look like in the Olympic Village to giving their take on the food offered at the dining halls, there's plenty of content being shared. Here are the most interesting athletes to follow on TikTok:
Tilly Kearns (Team Australia, Water Polo)
The Australian Olympian has taken to TikTok to share how the International Olympic Committee and the Japanese government have teamed up to ensure everyone stays safe for this year’s Games. In one video, she shows the safety measures at the dining hall, which include plexiglass, wearing gloves and disinfectant wipes.
Rebecca Edwards and Polly Swann (Team Great Britain, Rowing)
The duo are tracking their Olympic journey together under the handle @RowToTokyo. Their TikTok shows them trying on their Olympic uniforms, touring the Olympic Village, as well as documenting regular life in Japan.
Erik Shoji (Team USA, Volleyball)
The Olympian shows practice sessions with the US men’s volleyball team. He also includes videos about food, often sharing and giving his take on what's on offer at the dining halls in the Olympic Village.
Remedy Rule (Team Philippines, Swimming)
Rule, who also swims for the University of Texas, has shown her followers what the Philippines suite looks like in the Olympic Village. She has also created a video showing the sustainable swaps she’s made in Tokyo, as well as shared footage from the Olympic pool.
Tyler Downs (Team USA, Diving)
Even before qualifying for the Olympics, Downs, 18, already had a large following on TikTok. In addition to posting funny material, such as wanting to meet US star gymnast Simone Biles, he’s also answered fan questions about being at the Olympics. One of them has led to a review of the cardboard beds the athletes sleep in at the Olympic Village.
Kelsey Robinson (Team USA, Volleyball)
The two-time US Olympian offers a look at what goes on in a normal day for her at the Games, from getting tested for Covid to writing notes to Japanese students. She also filmed a first look at the Olympic volleyball venue and created one with her teammates answering the most common questions they get asked as professional volleyball players.
Francisco Caffaro (Team Argentina, Men's Basketball)
The Argentinian basketball centre is sharing his first Olympic experience through his TikTok. He's already shared one video that shows how the Argentinian contingent celebrated the opening ceremony, singing and dancing while waving their country's flag. He also posts videos from the Olympic Village, as well as ones that show him discovering new things around Tokyo.
Courtney Hurley (Team USA, Fencer)
The American fencer, who calls herself the "out of shape Olympian", has shared TikToks showing everything from the Team USA practice sessions to the room she shares with her older sister Kelly at the Olympic Village. In one memorable video, Courtney points out how different their sides of the room are in terms of neatness.
The 2020 Tokyo Olympics are on until Sunday, August 8. For more coverage of the Olympics, head here.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
UAE currency: the story behind the money in your pockets
Suggested picnic spots
Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Company%20Profile
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UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
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.”
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
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Hotel Silence
Auður Ava Ólafsdóttir
Pushkin Press
The biog
Occupation: Key marker and auto electrician
Hometown: Ghazala, Syria
Date of arrival in Abu Dhabi: May 15, 1978
Family: 11 siblings, a wife, three sons and one daughter
Favourite place in UAE: Abu Dhabi
Favourite hobby: I like to do a mix of things, like listening to poetry for example.
Favourite Syrian artist: Sabah Fakhri, a tenor from Aleppo
Favourite food: fresh fish
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.