• Ludvig Aberg and Viktor Hovland of Team Europe react on the sixth green during the Saturday morning foursomes matches of the 2023 Ryder Cup. Getty
    Ludvig Aberg and Viktor Hovland of Team Europe react on the sixth green during the Saturday morning foursomes matches of the 2023 Ryder Cup. Getty
  • A walking scorer's board displays Europe "9 Up" for the victory of Viktor Hovland and Ludvig Aberg of Team Europe. Getty
    A walking scorer's board displays Europe "9 Up" for the victory of Viktor Hovland and Ludvig Aberg of Team Europe. Getty
  • Scottie Scheffler of Team United States is consoled by his Wife, Meredith Scheffler after losing his match to Viktor Hovland and Ludvig Aberg of Team Europe 9&7 during the Saturday morning foursomes. Getty
    Scottie Scheffler of Team United States is consoled by his Wife, Meredith Scheffler after losing his match to Viktor Hovland and Ludvig Aberg of Team Europe 9&7 during the Saturday morning foursomes. Getty
  • European fans on day two of the 44th Ryder Cup at the Marco Simone Golf and Country Club, Rome. PA
    European fans on day two of the 44th Ryder Cup at the Marco Simone Golf and Country Club, Rome. PA
  • Team Europe's Rory McIlroy celebrates on the 17th following the foursomes on day two of the 44th Ryder Cup at the Marco Simone Golf and Country Club, Rome. PA
    Team Europe's Rory McIlroy celebrates on the 17th following the foursomes on day two of the 44th Ryder Cup at the Marco Simone Golf and Country Club, Rome. PA
  • Tommy Fleetwood of Team Europe celebrates winning their match 2&1 on the 17th green during the Saturday morning foursomes matches of the 2023 Ryder Cup at Marco Simone Golf Club. Getty
    Tommy Fleetwood of Team Europe celebrates winning their match 2&1 on the 17th green during the Saturday morning foursomes matches of the 2023 Ryder Cup at Marco Simone Golf Club. Getty
  • Rory McIlroy and Tommy Fleetwood of Team Europe shake hands with Justin Thomas and Jordan Spieth of Team United States. Getty
    Rory McIlroy and Tommy Fleetwood of Team Europe shake hands with Justin Thomas and Jordan Spieth of Team United States. Getty
  • Max Homa, right, and Brian Harman of Team USA celebrate winning their foursomes match on the second day of the 2023 Ryder Cup. EPA
    Max Homa, right, and Brian Harman of Team USA celebrate winning their foursomes match on the second day of the 2023 Ryder Cup. EPA
  • European fans show support for Team Europe's Jon Rahm on day two of the 44th Ryder Cup at the Marco Simone Golf and Country Club, Rome. PA
    European fans show support for Team Europe's Jon Rahm on day two of the 44th Ryder Cup at the Marco Simone Golf and Country Club, Rome. PA
  • Jon Rahm of Team Europe tees off on the 13th hole during the Saturday morning foursomes matches of the 2023 Ryder Cup. Getty
    Jon Rahm of Team Europe tees off on the 13th hole during the Saturday morning foursomes matches of the 2023 Ryder Cup. Getty

Record victory extends Team Europe's domination at Ryder Cup


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Viktor Hovland and Ludvig Aberg trampled Scottie Scheffler and Brooks Koepka 9 and 7 in a record-breaking Saturday morning foursomes session, and Team Europe are five points away from winning the 44th Ryder Cup this weekend in Rome.

Europe lead the United States team 9 ½-2 ½ after winning three of the four matches on Saturday morning at Marco Simone Golf and Country Club, with four four-ball (best-ball) matches still to come. The United States are on the brink of handing over the Ryder Cup after winning in a 19-9 demolition two years ago at Whistling Straits.

Hovland and Aberg, the Scandinavian rising stars from Norway and Sweden, respectively, won nine of 11 holes playing foursomes (alternate-shot) against two of the US team's most decorated golfers, leaving Scheffler to wipe away tears after the thorough trouncing. It marked the largest margin of victory for an 18-hole match in Ryder Cup history.

"We're meeting two strong guys, No. 1 in the world and five-time major champ, so we tried to not give them anything, and we played really, really solid," Hovland said. "Obviously we didn't meet a sharp Scottie and Brooks but we played some really nice golf today."

Northern Ireland's Rory McIlroy and England's Tommy Fleetwood teamed up as they did Friday morning, this time beating Justin Thomas and Jordan Spieth 2 and 1.

It took the US until the 11th match of the competition to earn a full point. Max Homa chipped in for eagle at the par-4 16th to secure a 4 and 2 win for himself and Brian Harman over Ireland's Shane Lowry and Austria's Sepp Straka.

"We obviously are in a big hole but we have the right guys to dig ourselves out of it," Homa said.

To finish off the morning, Spaniard Jon Rahm and Englishman Tyrrell Hatton rallied to beat Patrick Cantlay and Xander Schauffele 2 and 1.

The American duo went eagle-birdie-birdie at holes 12-14 to win three straight and move ahead 1 up, but the Europeans tied it at the 16th and Rahm came seven inches away from a hole-in-one at the par-3 17th. Cantlay answered by knocking his tee shot three feet from the hole, but Schauffele's birdie putt to extend the match lipped out.

Saturday's four-ball matches will see Hovland and Aberg team up again to face Sam Burns and Collin Morikawa; Fleetwood and Denmark's Nicolai Hojgaard will play Homa and Harman; England's Justin Rose and Scotland's Robert MacIntyre will face Thomas and Spieth, paired together for the third straight session; and England's Matt Fitzpatrick and McIlroy will duel Cantlay and Wyndham Clark.

Europe's strong position means Jon Rahm and Tyrrell Hatton have been given the afternoon off, but they'll be out cheering on their teammates.

"Winning every single session is something you're hoping for but to actually get it done is pretty incredible," Rahm said. "Me and Tyrrell are resting this afternoon but hoping the boys can go out and play some high-quality golf. Winning this fourth session will give us a good chance tomorrow."

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

The biog

Favourite book: Men are from Mars Women are from Venus

Favourite travel destination: Ooty, a hill station in South India

Hobbies: Cooking. Biryani, pepper crab are her signature dishes

Favourite place in UAE: Marjan Island

Cricket World Cup League 2 Fixtures

Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)

Sunday March 6, Oman v Namibia, ICC Academy

Tuesday March 8, UAE v Namibia, ICC Academy

Wednesday March 9, UAE v Oman, ICC Academy

Friday March 11, Oman v Namibia, Sharjah Cricket Stadium

Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
TOUCH RULES

Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.

Teams can make as many substitutions as they want during the 40 minute matches.

Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.

A touch is any contact between the player with the ball and a defender, and must be with minimum force.

After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.

At the roll-ball, the defenders have to retreat a minimum of five metres.

A touchdown is scored when an attacking player places the ball on or over the score-line.

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

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

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.”

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

2020 Oscars winners: in numbers
  • Parasite – 4
  • 1917– 3
  • Ford v Ferrari – 2
  • Joker – 2
  • Once Upon a Time ... in Hollywood – 2
  • American Factory – 1
  • Bombshell – 1
  • Hair Love – 1
  • Jojo Rabbit – 1
  • Judy – 1
  • Little Women – 1
  • Learning to Skateboard in a Warzone (If You're a Girl) – 1
  • Marriage Story – 1
  • Rocketman – 1
  • The Neighbors' Window – 1
  • Toy Story 4 – 1
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Updated: September 30, 2023, 11:36 AM