From left: Julien Ravalais-Casanova, partnerships adviser at Eiffel Jumping, Coco Coupérie-Eiffel, Virginie Coupérie-Eiffel, Faisal Al Rahmani, Ahmed Almulla, deputy chief of mission, UAE Embassy in Paris, and Ali Alammari, head of public diplomacy, UAE Embassy in Paris. Photo: UAE Embassy / Cyril Bailleul
From left: Julien Ravalais-Casanova, partnerships adviser at Eiffel Jumping, Coco Coupérie-Eiffel, Virginie Coupérie-Eiffel, Faisal Al Rahmani, Ahmed Almulla, deputy chief of mission, UAE Embassy in Paris, and Ali Alammari, head of public diplomacy, UAE Embassy in Paris. Photo: UAE Embassy / Cyril Bailleul
From left: Julien Ravalais-Casanova, partnerships adviser at Eiffel Jumping, Coco Coupérie-Eiffel, Virginie Coupérie-Eiffel, Faisal Al Rahmani, Ahmed Almulla, deputy chief of mission, UAE Embassy in Paris, and Ali Alammari, head of public diplomacy, UAE Embassy in Paris. Photo: UAE Embassy / Cyril Bailleul
From left: Julien Ravalais-Casanova, partnerships adviser at Eiffel Jumping, Coco Coupérie-Eiffel, Virginie Coupérie-Eiffel, Faisal Al Rahmani, Ahmed Almulla, deputy chief of mission, UAE Embassy in P

UAE's key role in Paris showjumping highlights shared passions, says French co-founder


Mohamad Ali Harisi
  • English
  • Arabic

The UAE’s sponsorship and key participation in a prestigious showjumping competition in Paris unite two nations' shared passion for horses, the president of the Longines Paris Eiffel Jumping, Virginie Coupérie-Eiffel, told The National.

For the first time since its launch a decade ago, the Paris Eiffel Jumping will bear the name of a foreign country. On Sunday, it will host the President of the UAE Showjumping Cup, also marking the first time the Emirati event has been held outside its home country.

“We share the same roots in our love for horses and equestrian sports,” Coupérie-Eiffel, who is also the co-founder of the event, said in Paris ahead of the start of the three-day competition that gets underway Friday.

“This is the beginning of a fantastic story. We already feel like one big family, and we know we can write a wonderful story.”

The Paris Eiffel Jumping features some of the world's elite riders and horses, who will be putting the finishing touches to their preparations ahead of the Paris Olympics, which begins on July 26.

The championship is considered one of the largest international show jumping events, and includes a group of global rounds that are held throughout the year, concluding with the Paris Eiffel championship.

UAE Olympian Abdullah Al Muhairi will be part of a two-man contingent to take part in the competition in Paris to promote Emirati equestrianism.

“It’s the very first time we partner with a country,” explained Coupérie-Eiffel.

“We share the same passion. It just makes sense to link the two countries and their people. You will see a wonderful competition, an equestrian art, a dream with the best riders,” she added.

Deep-rooted ties

The UAE's participation is in line with the directive of Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister, and Head of the Presidential Office, to help develop equestrian racing around the world.

Abdullah Al Muhairi, part of the UAE's four-strong equestrian team heading to next month's Olympic Games in Paris, will take part in the competition alongside Humaid Al Muhairi. Abdullah will compete in both the individual and team event in which the Emirates will make their debut at the Summer Games.

Faisal Al Rahmani, general supervisor of the His Highness the President’s Cup Series for Arabian Horses, said that the announcement represents a milestone in the journey of Emirati show jumping on the international stage.

“The UAE-France relation is historical, deep and strong, and this is yet another proof,” he told The National.

Relations between the two countries have been flourishing in recent years. Emirati officials describe their partnership as strong and dynamic, with culture at its core.

The UAE is home to regional hubs such as Paris-Sorbonne University, Insead and Esmod. The UAE is also a member of the International Organisation of the Francophonie – an international organisation representing countries and regions where French is a lingua franca or customary language – and as such contributes to the promotion of French language in the Middle East.

France and the UAE have also taken initiatives to strengthen the teaching of Arabic in France, as illustrated by an agreement between Institut du Monde Arabe and the Abu Dhabi Arabic Language Centre to co-operate on an Arabic language certificate.

But perhaps there is no greater symbol of Emirati-French co-operation than that of the Louvre Abu Dhabi.

“Equestrian sports have historically been a celebrated tradition and a symbol of cultural heritage in both the United Arab Emirates and France,” the UAE's ambassador to France, Hend Al Otaiba, told The National.

“This collaboration not only highlights our shared passion for equestrian excellence but also strengthens the deep-rooted cultural ties that bind our two nations,” added the ambassador.

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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

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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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While you're here
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

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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

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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.

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Updated: June 21, 2024, 12:35 PM