With bright blue skies and agreeable temperatures over the course of the PIF London Championship, Chiara Noja might have wondered why her family ever made the decision to up sticks and move to Dubai instead.
The German-born teen lived around 15 minutes away from the Centurion Club in Hertfordshire, where the tournament was played this weekend, between the ages of seven and 14.
Then the family opted to switch to the UAE and chase the sun instead – which is, of course, far more predictable in Dubai than London.
“We wanted to move somewhere warmer and were struggling with school,” Noja said.
“We would finish at 4.30pm every day here and in the winter, by the time I got out, it was already dark. We were looking for places to move to, and Dubai came up.
“It has worked out perfectly, and I have not really complained since.”
Noja was already showing prodigious talent for the sport back then, despite her tender years. Still only 19 now, she has been making the news in golf for five years.
Back in 2020, she made her debut on the Ladies European Tour when she played at the Dubai Moonlight Classic at Emirates Golf Club, aged 14.
She was newly arrived as a resident in the city at that time, after Covid had briefly delayed the move from Hertfordshire.
She was back in familiar territory in the UK this weekend, at what is one of five tournaments on the PIF Global Series - a set of events with elevated prize funds organised by Golf Saudi.
It did not qualify as home comforts exactly. She used to live in Northwood, on the outskirts of nearby Watford, and her home course was The Buckinghamshire rather than Centurion.
And, having been born in Berlin, she represents Germany – the same nation as the tournament’s winner, Laura Fuenfstueck.
But the conditions still appeared to be Noja’s liking. Her one over par tournament total gave her a share of 41st place.
Clearly, the goal is to be contending at the top of the leaderboard, but her performance was another step in the right direction following a challenging past 18 months.
By midway through 2023, Noja had made it to No 91 in the Rolex world rankings for women golfers. But an indifferent run of results as she battled injury saw her tumble back down the standings last year, bottoming out at No 794.
“I hurt my shoulder in the end of 2023, and played a little too long with it,” Noja said.
“I tried a couple of different techniques healing it. That didn’t work, and then I stopped playing too late, and made it chronic. That wasn’t great.
“I then took seven or eight months off golf completely. It was all about rehab centres, doing lots of work in the gym and with physios, trying to rebuild all the systems that were damaged.”
Contending with such an issue at such a young age was a challenge, and Noja said it has taken some readjustment.
“I probably started a little too early this year, but it was about finding my footing again,” she said.
“It has been a weird situation because mentally you feel as though you are still the person you were before.
“Sometimes the results take a while to catch up, but that is all part of it. They say that if you are out for 12 months, it takes you 24 to get back.
“I’m trying to speed it up a little bit, but we will see.”
Her steady resurgence from injury is doubly impressive given the fact that she is still juggling time spent on the Ladies European Tour with schoolwork.
She is grateful to the flexibility granted to her by FirstPoint School in Dubai, where she is in the final phase of studying for her A-levels.
“I love the entire teaching system there,” Noja said. “My headmaster was always very supportive, as was the head of secondary, and they still are.
“I am finishing my A-levels now, because I lost a year when we moved to Dubai as I basically didn’t get to go to school for eight months. I will hopefully be done in January.
“I am going to be very relieved when I get my A-levels over and done with and don’t have to focus on that. If anything else [further studies] comes up, maybe I can take that on.”
While she might still be a little way off the form of three years back, when she had a win in Jeddah and top-10s in South Africa and Belgium, signs are that her form is returning.
Her tie for eighth at the Aramco Korea Championship in May was the best result since her injury, and she has had solid results in the time since, too.
“I played great that week and that is always great to see, that your hard work is paying off a little bit,” Noja said.
“I played well in [the Czech Ladies Open, where she tied for 17th] as well, so up and down is how I would describe it right now.”
ESSENTIALS
The flights
Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes.
The trip
From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
MATCH INFO
Manchester City 3
Danilo (16'), Bernardo Silva (34'), Fernandinho (72')
Brighton & Hove Albion 1
Ulloa (20')
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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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The Byblos iftar in numbers
29 or 30 days – the number of iftar services held during the holy month
50 staff members required to prepare an iftar
200 to 350 the number of people served iftar nightly
160 litres of the traditional Ramadan drink, jalab, is served in total
500 litres of soup is served during the holy month
200 kilograms of meat is used for various dishes
350 kilograms of onion is used in dishes
5 minutes – the average time that staff have to eat