• Paul Waring of England kisses the trophy following victory on day four of the Abu Dhabi HSBC Championship 2024 at Yas Links. Getty Images
    Paul Waring of England kisses the trophy following victory on day four of the Abu Dhabi HSBC Championship 2024 at Yas Links. Getty Images
  • Paul Waring of England, right, poses with his caddie, Alex Evans and the trophy on the 18th green. Getty Images
    Paul Waring of England, right, poses with his caddie, Alex Evans and the trophy on the 18th green. Getty Images
  • Paul Waring of England celebrates victory on the 18th green. Getty Images
    Paul Waring of England celebrates victory on the 18th green. Getty Images
  • Paul Waring of England embraces his caddie, Alex Evans, following victory on the 18th green. Getty Images
    Paul Waring of England embraces his caddie, Alex Evans, following victory on the 18th green. Getty Images
  • Paul Waring of England celebrates his crucial birdie putt on the 17th green. Getty Images
    Paul Waring of England celebrates his crucial birdie putt on the 17th green. Getty Images
  • Paul Waring of England tees off on the 18th hole. Getty Images
    Paul Waring of England tees off on the 18th hole. Getty Images
  • Paul Waring of England lines up a putt with his caddie on the 16th green. Getty Images
    Paul Waring of England lines up a putt with his caddie on the 16th green. Getty Images
  • Paul Waring of England tees off at the 3rd hole. AP
    Paul Waring of England tees off at the 3rd hole. AP
  • Tyrrell Hatton of England plays his second shot on the 18th hole. Getty Images
    Tyrrell Hatton of England plays his second shot on the 18th hole. Getty Images
  • Tyrrell Hatton of England celebrates on the 18th green. Getty Images
    Tyrrell Hatton of England celebrates on the 18th green. Getty Images
  • Tyrrell Hatton of England acknowledges the crowd. Getty Images
    Tyrrell Hatton of England acknowledges the crowd. Getty Images
  • Shane Lowry of Ireland tees off on the 12th hole. Getty Images
    Shane Lowry of Ireland tees off on the 12th hole. Getty Images
  • Shane Lowry of Ireland plays his second shot on the 10th hole. Getty Images
    Shane Lowry of Ireland plays his second shot on the 10th hole. Getty Images
  • Shane Lowry of Ireland walks across the first tee. Getty Images
    Shane Lowry of Ireland walks across the first tee. Getty Images
  • Rory McIlroy of Northern Ireland tees off on the 17th hole. Getty Images
    Rory McIlroy of Northern Ireland tees off on the 17th hole. Getty Images
  • Rory McIlroy of Northern Ireland smiles alongside Johannes Veerman of the United States. Getty Images
    Rory McIlroy of Northern Ireland smiles alongside Johannes Veerman of the United States. Getty Images

Abu Dhabi HSBC Championship winner Paul Waring in quick return to capital for Team Cup contest


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Abu Dhabi HSBC Golf Championship winner Paul Waring is set for a quick return to the capital for the Team Cup event that is being held early in 2025.

The 39-year-old Englishman secured the finest win of his career when he triumphed at Yas Links two weeks ago in a tournament that saw him card a course record 11-under par 61 in the second round.

He went on the secure the title by two shots over Tyrell Hatton holding off a stellar final-day challenge that also included the likes of Rory McIlroy, Shane Lowry, Tommy Fleetwood and Thorbjorn Olesen.

And now Waring has been included in the Great Britain and Ireland team that will take on Continental Europe at Abu Dhabi Golf Club, from January 10-12.

European Ryder Cup Captain Luke Donald revealed on Wednesday the first 18 competitors – nine on each side – for next year’s match play contest, with a combined 70 DP World Tour victories.

The final member of each side will be selected after the Nedbank Golf Challenge in South Africa, which concludes on December 8.

European Ryder Cup Captain Luke Donald has confirmed the first 18 competitors representing Continental Europe and Great Britain & Ireland at the 2025 Team Cup in Abu Dhabi.
European Ryder Cup Captain Luke Donald has confirmed the first 18 competitors representing Continental Europe and Great Britain & Ireland at the 2025 Team Cup in Abu Dhabi.

Donald is using the tournament as a warm-up event for the defence of Europe's Ryder Cup crown at Bethpage Black in New York in late September with Francesco Molinari and Justin Rose having already been named as captains – for Continental Europe and Great Britain and Ireland, respectively.

Molinari will lead Continental Europe in their defence of the Team Cup (then called the Hero Cup), which they won in 2023 after defeating Great Britain & Ireland 14½-10½ over three days.

The teams will compete in one session of fourballs on the Friday, two sessions of foursomes on the Saturday and one session of singles on Sunday, with every player taking part in each session.

Both sides will each have representation from three Ryder Cup players, with Molinari joined by Nicolai Hojgaard and Olesen, while Rose is alongside Fleetwood and Hatton. Also joining up with Rose's team will be five-time DP World Tour winner Matt Wallace, Tom McKibbin, Jordan Smith, Laurie Canter and Aaron Rai.

“Having two Ryder Cup teammates in Tommy and Tyrrell in the team will be invaluable, but I’m looking forward to seeing how the rest of the team step up to this new arena,” said 2013 US Open champion Rose.

“Having also played in 2023, I’m sure Matt and Jordan will be keen to go out there and win the Cup so it’ll be great to watch them in action again.

“Most of my team have also had the opportunity to represent either Great Britain & Ireland or England and Ireland separately in the past, so they have a lot of experience to draw on from their amateur days.

Ryder Cup 2023 player ratings

  • RYDER CUP PLAYER RATINGS - TEAM EUROPE: From the heartbreak of Whistling Straits to Europe's top points scorer in Rome, McIlroy was a man on a mission. Won his first three matches and only a miracle putt on 18 prevented a half-point on Saturday afternoon. Dominated Sam Burns in singles for his best-ever Ryder Cup haul. AP
    RYDER CUP PLAYER RATINGS - TEAM EUROPE: From the heartbreak of Whistling Straits to Europe's top points scorer in Rome, McIlroy was a man on a mission. Won his first three matches and only a miracle putt on 18 prevented a half-point on Saturday afternoon. Dominated Sam Burns in singles for his best-ever Ryder Cup haul. AP
  • Overwhelmed on debut two years ago, Hovland arrived in Rome as arguably the best player in the world and played like it. Set the tone with a chip-in on the first and claimed one-and-a-half points on the opening day. Combined with Aberg for a historic 9&7 win on Saturday morning, and after a defeat in fourballs, bounced back by crushing Collin Morikawa in singles. A dominant performance from a world-class player. Getty
    Overwhelmed on debut two years ago, Hovland arrived in Rome as arguably the best player in the world and played like it. Set the tone with a chip-in on the first and claimed one-and-a-half points on the opening day. Combined with Aberg for a historic 9&7 win on Saturday morning, and after a defeat in fourballs, bounced back by crushing Collin Morikawa in singles. A dominant performance from a world-class player. Getty
  • Hatton's first Ryder Cup as a senior player, and boy did he revel in his leadership role. Formed an unbreakable foursomes partnership with Rahm, winning both games, and claimed a half with Hovland in Friday fourballs. Then proceeded to crush Open champion Harman in singles. A fearless, feisty display from the Englishman in Rome. Reuters
    Hatton's first Ryder Cup as a senior player, and boy did he revel in his leadership role. Formed an unbreakable foursomes partnership with Rahm, winning both games, and claimed a half with Hovland in Friday fourballs. Then proceeded to crush Open champion Harman in singles. A fearless, feisty display from the Englishman in Rome. Reuters
  • The Spaniard was Europe's star in a losing effort in Wisconsin and he led from the front again in Rome. Dominated alongside Hatton in Friday's foursomes and holed an outrageous putt off the green to split the Friday fourballs. Won again with Hatton on Saturday morning, and after sitting out the afternoon, went up against Scheffler in a titanic singles tussle, claiming the half on the 18th. The ultimate big-game player. Getty
    The Spaniard was Europe's star in a losing effort in Wisconsin and he led from the front again in Rome. Dominated alongside Hatton in Friday's foursomes and holed an outrageous putt off the green to split the Friday fourballs. Won again with Hatton on Saturday morning, and after sitting out the afternoon, went up against Scheffler in a titanic singles tussle, claiming the half on the 18th. The ultimate big-game player. Getty
  • Paired with rookie MacIntyre for Friday and Saturday fourballs, Rose took on the mentor role with conviction. Sunk a nerveless putt on 18 to share the honours against the previously formidable Spieth and Thomas. Then marshalled MacIntyre to victory in Europe's only win on Saturday afternoon. Put up a game fight in a losing singles effort against Cantlay but fulfilled his leadership role superbly. Getty
    Paired with rookie MacIntyre for Friday and Saturday fourballs, Rose took on the mentor role with conviction. Sunk a nerveless putt on 18 to share the honours against the previously formidable Spieth and Thomas. Then marshalled MacIntyre to victory in Europe's only win on Saturday afternoon. Put up a game fight in a losing singles effort against Cantlay but fulfilled his leadership role superbly. Getty
  • Struggled early on but still won alongside McIlroy in the Friday foursomes, Fleetwood then came into his own 24 hours later to earn another foursomes point with McIlroy. Yet he saved his very best for Sunday's singles, beating Fowler 3&1 to secure the cup for Europe. His drive onto the par-4 16th was one of the shots of the tournament. The Englishman is tailor-made for this tournament. Getty
    Struggled early on but still won alongside McIlroy in the Friday foursomes, Fleetwood then came into his own 24 hours later to earn another foursomes point with McIlroy. Yet he saved his very best for Sunday's singles, beating Fowler 3&1 to secure the cup for Europe. His drive onto the par-4 16th was one of the shots of the tournament. The Englishman is tailor-made for this tournament. Getty
  • Selected having only turned pro three months ago, Aberg justified the pick and exceeded all the hype with a stellar rookie showing. Claimed two points alongside Hovland in the foursomes, including a record 9&7 win on Saturday that left opponent Scheffler in tears. Lost his last two matches but by then the damage had been done, and the Swede was a key contributor. A generational talent indeed. PA
    Selected having only turned pro three months ago, Aberg justified the pick and exceeded all the hype with a stellar rookie showing. Claimed two points alongside Hovland in the foursomes, including a record 9&7 win on Saturday that left opponent Scheffler in tears. Lost his last two matches but by then the damage had been done, and the Swede was a key contributor. A generational talent indeed. PA
  • Viewed as Europe's potential weak link, the Scot did look out of his depth early but came alive from Saturday onwards, combining with Rose for Europe's only Saturday fourballs point, before easing past US Open champion Wyndham Clark in Sunday's singles. Ended the Ryder Cup with more points than world No 1 Scottie Scheffler. PA
    Viewed as Europe's potential weak link, the Scot did look out of his depth early but came alive from Saturday onwards, combining with Rose for Europe's only Saturday fourballs point, before easing past US Open champion Wyndham Clark in Sunday's singles. Ended the Ryder Cup with more points than world No 1 Scottie Scheffler. PA
  • The Irishman contributed to the best-ever European session, combining with rookie Straka as part of a Friday foursomes clean sweep, although the pair got dominated the following day. Halved his singles match with Spieth on Sunday. Lowry was Europe's most passionate and vocal cheerleader, and was clearly loving every minute. Getty
    The Irishman contributed to the best-ever European session, combining with rookie Straka as part of a Friday foursomes clean sweep, although the pair got dominated the following day. Halved his singles match with Spieth on Sunday. Lowry was Europe's most passionate and vocal cheerleader, and was clearly loving every minute. Getty
  • Arrived in Rome seeking his first Ryder Cup point following five defeats, the Englishman started like a train to lead McIlroy to victory in Friday fourballs. First point secured but that's as good as it got for Fitzpatrick, who lost his remaining two matches. A much-improved performance, though. Getty
    Arrived in Rome seeking his first Ryder Cup point following five defeats, the Englishman started like a train to lead McIlroy to victory in Friday fourballs. First point secured but that's as good as it got for Fitzpatrick, who lost his remaining two matches. A much-improved performance, though. Getty
  • Started brilliantly with a point in his first Ryder Cup session, but the Austrian rookie lost his other two matches, in Saturday foursomes and Sunday singles. Played his part in the win, and some solid golf on the PGA Tour should keep him in contention for a place on the 2025 team. EPA
    Started brilliantly with a point in his first Ryder Cup session, but the Austrian rookie lost his other two matches, in Saturday foursomes and Sunday singles. Played his part in the win, and some solid golf on the PGA Tour should keep him in contention for a place on the 2025 team. EPA
  • The Danish rookie started brightly on Friday afternoon but the gritty half-point alongside Rahm was the best it got. Hojgaard is capable of stunning shot-making but his putter went badly cold on Saturday and Sunday and he lost both matches. Definitely a star of the future, though, and the experience will be invaluable for future Ryder Cups. Getty
    The Danish rookie started brightly on Friday afternoon but the gritty half-point alongside Rahm was the best it got. Hojgaard is capable of stunning shot-making but his putter went badly cold on Saturday and Sunday and he lost both matches. Definitely a star of the future, though, and the experience will be invaluable for future Ryder Cups. Getty
  • A perfect captain's performance. From his team selection, choice of pairings, and playing order, Donald barely put a foot wrong. Opting to lead out with foursomes on Friday and Saturday was a masterstroke. The strong European team culture was evident not only during the week but throughout the weeks and months leading up to the tournament. Took his Ryder Cup tally to five wins from five. Getty
    A perfect captain's performance. From his team selection, choice of pairings, and playing order, Donald barely put a foot wrong. Opting to lead out with foursomes on Friday and Saturday was a masterstroke. The strong European team culture was evident not only during the week but throughout the weeks and months leading up to the tournament. Took his Ryder Cup tally to five wins from five. Getty
  • TEAM USA: Homa looked genuinely terrified on the first tee, but looks can be deceiving. Despite losing that opening morning session, he grew from strength to strength, winning three and halving one of his remaining four games. He was also responsible for the coldest moment of the tournament, taking his hat off and walking to shake hands with his vanquished opponents while his chip was still travelling to the hole. USA's standout player. Getty
    TEAM USA: Homa looked genuinely terrified on the first tee, but looks can be deceiving. Despite losing that opening morning session, he grew from strength to strength, winning three and halving one of his remaining four games. He was also responsible for the coldest moment of the tournament, taking his hat off and walking to shake hands with his vanquished opponents while his chip was still travelling to the hole. USA's standout player. Getty
  • Involved in as much off-course drama as on it. There were accusations of Cantlay leading a split in the team room amid an alleged protest over a lack of pay. While those are all rumours, Cantlay delivered his best in the second half of the tournament after losing his first two matches. Attempted to build some momentum with a victory in Saturday fourballs and won his singles match. Revelled in the pantomime villain role. Getty
    Involved in as much off-course drama as on it. There were accusations of Cantlay leading a split in the team room amid an alleged protest over a lack of pay. While those are all rumours, Cantlay delivered his best in the second half of the tournament after losing his first two matches. Attempted to build some momentum with a victory in Saturday fourballs and won his singles match. Revelled in the pantomime villain role. Getty
  • After losing his Friday morning match, won both on Saturday to become one of the US's leading players heading into Sunday singles, where he was outplayed by Tyrrell Hatton. A satisfactory Ryder Cup debut but hardly a dominant performance befitting a major champion. AFP
    After losing his Friday morning match, won both on Saturday to become one of the US's leading players heading into Sunday singles, where he was outplayed by Tyrrell Hatton. A satisfactory Ryder Cup debut but hardly a dominant performance befitting a major champion. AFP
  • His selection divided opinion given his poor form this season on the PGA Tour, but Thomas showed plenty of grit - a quality missing from many of his teammates. Lost two and halved one of his three pairing matches, but partner Spieth was more to blame for the defeats. Won his singles against Straka. Hardly set Rome alight but justified his pick. Getty
    His selection divided opinion given his poor form this season on the PGA Tour, but Thomas showed plenty of grit - a quality missing from many of his teammates. Lost two and halved one of his three pairing matches, but partner Spieth was more to blame for the defeats. Won his singles against Straka. Hardly set Rome alight but justified his pick. Getty
  • Burns was all over the show on Friday morning in the foursomes defeat alongside Scheffler but was much improved in Saturday fourballs to win a point with Morikawa. He was then outclassed by McIlroy in singles. Hardly justified his captain's pick. EPA
    Burns was all over the show on Friday morning in the foursomes defeat alongside Scheffler but was much improved in Saturday fourballs to win a point with Morikawa. He was then outclassed by McIlroy in singles. Hardly justified his captain's pick. EPA
  • Spoke a big game leading into Rome but hardly backed it up. Directly responsible for throwing away half a point after a horror 18th hole in Friday's fourballs, but did collect a point the next day alongside Cantlay. Clark was then outplayed by MacIntyre in the singles to compound a forgettable debut. AP
    Spoke a big game leading into Rome but hardly backed it up. Directly responsible for throwing away half a point after a horror 18th hole in Friday's fourballs, but did collect a point the next day alongside Cantlay. Clark was then outplayed by MacIntyre in the singles to compound a forgettable debut. AP
  • The only LIV player on the US team, Koepka won one, drew one, and lost one of his three matches. Not a terrible return but given his status as one of the world's leading players, he never imposed himself. Koepka was also involved in the biggest defeat in foursomes history but produced a strong singles performance. Nowhere near enough of a contribution. AP
    The only LIV player on the US team, Koepka won one, drew one, and lost one of his three matches. Not a terrible return but given his status as one of the world's leading players, he never imposed himself. Koepka was also involved in the biggest defeat in foursomes history but produced a strong singles performance. Nowhere near enough of a contribution. AP
  • Irrepressible in Wisconsin two years ago, Morikawa was a shadow of that player in Rome. Lost both of his matches on Friday, before collecting his first win in Saturday's fourballs. The two-time major champion was then dominated by Hovland in singles. A huge talent but miles off his best in Italy. PA
    Irrepressible in Wisconsin two years ago, Morikawa was a shadow of that player in Rome. Lost both of his matches on Friday, before collecting his first win in Saturday's fourballs. The two-time major champion was then dominated by Hovland in singles. A huge talent but miles off his best in Italy. PA
  • Saw his previously perfect partnership with Cantlay taken apart with twin losses on Friday and lost again in Saturday foursomes. Claimed a full point by beating Hojgaard in singles but the US were already out of contention by then. Another star from Wisconsin who slumped in Rome. Getty
    Saw his previously perfect partnership with Cantlay taken apart with twin losses on Friday and lost again in Saturday foursomes. Claimed a full point by beating Hojgaard in singles but the US were already out of contention by then. Another star from Wisconsin who slumped in Rome. Getty
  • One of the senior members of the US team, Spieth, like Scheffler, went winless in Rome, halving two and losing two of his four matches. His formidable partnership with Thomas was cut down to size and he let slip his lead against Lowry in singles to settle for a half. Far from the imposing figure of past Ryder Cups. Getty
    One of the senior members of the US team, Spieth, like Scheffler, went winless in Rome, halving two and losing two of his four matches. His formidable partnership with Thomas was cut down to size and he let slip his lead against Lowry in singles to settle for a half. Far from the imposing figure of past Ryder Cups. Getty
  • Revived this year after a few seasons in the wilderness, Fowler arrived in Rome in good form and as an experienced member of the US team. However, he proceeded to lose both of his matches and made very little impact on the tournament. Apparently he was suffering from illness but either way, a hugely disappointing return to the team. EPA
    Revived this year after a few seasons in the wilderness, Fowler arrived in Rome in good form and as an experienced member of the US team. However, he proceeded to lose both of his matches and made very little impact on the tournament. Apparently he was suffering from illness but either way, a hugely disappointing return to the team. EPA
  • A surprise star at Whistling Straits, Scheffler has spent the past two years establishing himself as the best player on the planet. Yet, in Rome, the world No 1 crumbled. Failed to win a match and was reduced to tears after his and Koepka's record defeat on Saturday. Involved in a thrilling singles match with Rahm, but blew the chance to win having led on 18. The chronic putter issues were horribly exposed. Getty
    A surprise star at Whistling Straits, Scheffler has spent the past two years establishing himself as the best player on the planet. Yet, in Rome, the world No 1 crumbled. Failed to win a match and was reduced to tears after his and Koepka's record defeat on Saturday. Involved in a thrilling singles match with Rahm, but blew the chance to win having led on 18. The chronic putter issues were horribly exposed. Getty
  • A thoroughly nice and decent guy but Johnson was hardly the inspirational figure his team needed after a historically bad Friday. Got many of his selections wrong, and struggled to reverse his team's fortunes. Whereas Europe was a team united, that same culture was evidently absent in the US team room, which ultimately falls on the captain. EPA
    A thoroughly nice and decent guy but Johnson was hardly the inspirational figure his team needed after a historically bad Friday. Got many of his selections wrong, and struggled to reverse his team's fortunes. Whereas Europe was a team united, that same culture was evidently absent in the US team room, which ultimately falls on the captain. EPA

“They are all proven winners on Tour, but Europe as a whole is going to benefit massively from next year’s Team Cup as we look towards the Ryder Cup at Bethpage.”

Olesen was one of the four automatic qualifiers for Molinari’s side, with fellow Scandinavians Rasmus Hojgaard and Niklas Norgaard and Italian Matteo Manassero also earning an automatic place on the Continental European team.

Rounding out the European side are the French pair of Matthieu Pavon and Antoine Rozner alongside the Dutchman Rasmus Neergaard-Petersen.

“It may be a new-look Continental European side but I’m really excited to lead these players at Abu Dhabi Golf Resort as we bid to defend the Team Cup next year,” said 2018 Open Champion Molinari.

“There is a fantastic blend of players who have hit the ground running at the start of their careers and those with a lot of experience on their side, and most of them have played in team competitions in the past as amateurs, which will have given them a great insight into these environments.”

And Donald, who will be captaining the European team for a second consecutive contest, said he and the two captains are “really excited by the two teams” playing in the Abu Dhabi tournament.

“This event provided valuable insight for a number of players who eventually made it to Marco Simone, with six of the 20 competitors in 2023 going on to play in the Ryder Cup, three of those making their debut appearances, and we’re excited to see who can make their mark in next year as they try to earn a place in my side for New York City,” added Donald.

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Gulf Under 19s final

Dubai College A 50-12 Dubai College B

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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BELGIUM%20SQUAD
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How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

MATCH INFO

Chelsea 0

Liverpool 2 (Mane 50', 54')

Red card: Andreas Christensen (Chelsea)

Man of the match: Sadio Mane (Liverpool)

TICKETS

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

SHAITTAN
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MATCH INFO

Champions League last 16, first leg

Tottenham v RB Leipzig, Wednesday, midnight (UAE)

Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

Brief scores:

Pakistan (1st innings) 181: Babar 71; Olivier 6-37

South Africa (1st innings) 223: Bavuma 53; Amir 4-62

Pakistan (2nd innings) 190: Masood 65, Imam 57; Olivier 5-59

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

Countries offering golden visas

UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.

Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.

Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.

Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.

Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence. 

THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar

Turkish Ladies

Various artists, Sony Music Turkey 

Long read

Mageed Yahia, director of WFP in UAE: Coronavirus knows no borders, and neither should the response

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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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.

Part three: an affection for classic cars lives on

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

Read part one: how cars came to the UAE

While you're here
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

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New schools in Dubai
Updated: November 20, 2024, 11:38 AM