Quincy Hall, of the United States, celebrates after winning gold in the men's 400-meter final at the 2024 Summer Olympics, Wednesday, Aug. 7, 2024, in Saint-Denis, France. (AP Photo / Rebecca Blackwell)
Quincy Hall, of the United States, celebrates after winning gold in the men's 400-meter final at the 2024 Summer Olympics, Wednesday, Aug. 7, 2024, in Saint-Denis, France. (AP Photo / Rebecca Blackwell)
Quincy Hall, of the United States, celebrates after winning gold in the men's 400-meter final at the 2024 Summer Olympics, Wednesday, Aug. 7, 2024, in Saint-Denis, France. (AP Photo / Rebecca Blackwell)
Quincy Hall, of the United States, celebrates after winning gold in the men's 400-meter final at the 2024 Summer Olympics, Wednesday, Aug. 7, 2024, in Saint-Denis, France. (AP Photo / Rebecca Blackwel


At the Paris Olympics, US athletes are in a class of their own


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  • Arabic

August 09, 2024

Over the past fortnight, spectators of the 2024 Olympic Games in Paris, and sports fans around the world, have been delighted to witness the athletic feats of sportsmen and women, some who are household names, from the worlds of golf and tennis and even newly forged stars in lesser-watched sports.

As the Games draw to a close this weekend, I have an overwhelming feeling of awe. And besides the significant victories of athletes across nations, and all their preparatory hard work to reach this far, I am struck by the champions from the US, and of America as the unrivalled world superpower in all avenues – of sport and also modern life.

Not only does the US stand at the top of the Paris medals table, but it has emphasised the strength and talent found among its population across almost all Olympic disciplines. Sport has always been seen as an extension of political, military and economic power.

In comparison, Russia, which has strived to flex its superpower credentials is not present at the Games, and China, which many have expected to overtake America as the world’s number one economy, has lagged in the medal count and some may even question its economic growth trajectory.

At the top of the table with a total of 94 medals (as of Thursday 9am UK time) including 27 gold, the US is way up in front. China is at 65 medals, including 25 gold. There are more matches and contests to go before the games end on Sunday, of course, but the trend of the medal tally shows a re-energised and reinvigorated United States.

Women's Freestyle Wrestling 68kg gold medalist Amit Elor of Team United States with her medal on August 7, in Paris. Getty Images
Women's Freestyle Wrestling 68kg gold medalist Amit Elor of Team United States with her medal on August 7, in Paris. Getty Images

In 2020, the US also led the table but the gap with China, in second place, was smaller at 24 overall and only a single gold between them. In 2016, a year that might represent a peak for American global influence, at the Rio games, the dominance of their athletes was absolute. They seem to be on a similar path this time. It could herald an upswing for its reputation once again.

To further illustrate this point, in a presidential election year no less, many were surprised during the Games when the American athlete did not win the gold. Such as in the women’s 100 metres, won by Julien Alfred of St Lucia, or when Simone Biles, the world’s greatest gymnast, literally stumbled during her bid for a Vault title.

The usual controversies that come up have been a mish-mash of issues. No one issue seems to have overshadowed the actual sport in the end, despite health fears related to the water quality of the Seine and the complaints about the food in the athletes’ village. On the positive side, the chocolate muffins were a sensation, judging by the videos posted by Olympians that have popped up on my TikTok feed.

Everything is linked – politics, culture, sport – and when one pillar weakens so will the others and when one strengthens so do the rest

We can often expect Olympics and other international sporting contests to be an extension of the wider rivalries. During the Cold War, for example, every time athletes from the countries of the Warsaw Pact faced competitors from Nato member nations, there was an added edge. This time, in Paris, it seems as if the US is in a class of its own. This couldn't have been better symbolised than by the massive vessel carrying its team down the river during the opening ceremony. No other nation has such scale of representation.

Many athletes from other nations also have ties to the US, either because they train there or have coaches from there or have studied in one of its universities. The lifestyles and opportunities available in the US are unparalleled in other regions of the world. Also, If you can win in America, it is likely you can win on the world stage. That is a high bar, literally speaking – in many cases, from the diving to the pole vault to the Rugby Sevens. When another country does win then the accomplishment is that much more impressive.

So, it is into this crucible that the finest talent representing Arab nations are pitched. They had to prove themselves worthy. Largely, they did that and more.

Bahrain's Winfred Yavi won the women's 3,000m steeplechase gold medal in style. The UAE’s Omar Al Marzooqi distinguished himself in the final of the individual equestrian contest. There were also impressive rides from Saudi Arabia's Ramzy Al Duhami and Abdulrahman Alrajhi. Morocco's Soufiane El Bakkali became only the third Arab athlete to win double Olympic gold when he won the men’s steeplechase. The Moroccan great was understandably emotional and elated after victory, embracing his country’s flag and his supporters in the stand. His feat should not be underestimated.

The spectre of a US win is never far away in any Olympic event. In the same race, America’s Kenneth Rooks was second, showing determination to hold off a challenge from Kenya’s Abraham Kibiwot. The alternative is typically an American victory.

That is why they are expected to win laurels. Arabs are usually not competing under the same expectations. That does not mean we should not aim to one day emulate the US but its dominance should also provide a reality check about how much further athletes from the region need to go and our efforts must extend beyond sport if we are to be more successful.

Everything is linked – politics, culture, sport – and when one pillar weakens so will the others and when one strengthens so do the rest. Yes, talent and ambition are key but without a broad base of competitiveness and high performance in all aspects of life, it won’t be possible to deliver on the track, field, pool, velodrome or arena.

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Griselda
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ARGENTINA SQUAD

Goalkeepers: Franco Armani, Agustin Marchesin, Esteban Andrada
Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez

SPECS
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PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Kamindu Mendis bio

Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

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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%3Cp%3EChris%20Jordan%20insists%20Sanchit%20Sharma%20will%20make%20an%20impact%20on%20the%20ILT20%2C%20despite%20him%20starting%20the%20campaign%20on%20Gulf%20Giants'%20bench.%3Cbr%3EThe%20young%20UAE%20seamer%20was%20an%20instant%20success%20for%20the%20side%20last%20season%2C%20and%20remained%20part%20of%20the%20XI%20as%20they%20claimed%20the%20title.%3Cbr%3EHe%20has%20yet%20to%20feature%20this%20term%20as%20the%20Giants%20have%20preferred%20Aayan%20Khan%20and%20Usman%20Khan%20as%20their%20two%20UAE%20players%20so%20far.%3Cbr%3EHowever%2C%20England%20quick%20Jordan%20is%20sure%20his%20young%20colleague%20will%20have%20a%20role%20to%20play%20at%20some%20point.%3Cbr%3E%22Me%20and%20Sanchit%20have%20a%20great%20relationship%20from%20last%20season%2C%22%20Jordan%20said.%3Cbr%3E%22Whenever%20I%20am%20working%20with%20more%20inexperienced%20guys%2C%20I%20take%20pleasure%20in%20sharing%20as%20much%20as%20possible.%3Cbr%3E%22I%20know%20what%20it%20was%20like%20when%20I%20was%20younger%20and%20learning%20off%20senior%20players.%3Cbr%3E%22Last%20season%20Sanchit%20kick-started%20our%20season%20in%20Abu%20Dhabi%20with%20a%20brilliant%20man-of-the-match%20performance.%3Cbr%3E%22Coming%20into%20this%20one%2C%20I%20have%20seen%20a%20lot%20of%20improvement.%20The%20focus%20he%20is%20showing%20will%20only%20stand%20him%20in%20good%20stead.%22%3C%2Fp%3E%0A
While you're here
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Book%20Details
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COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20OneOrder%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20March%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Tamer%20Amer%20and%20Karim%20Maurice%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E82%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Series%20A%3C%2Fp%3E%0A
Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

Everybody%20Loves%20Touda
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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

Updated: August 09, 2024, 6:12 AM