Amir Khan defends WBA title against Maidana


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Amir Khan has successfully defended his WBA light-welterweight title with a narrow unanimous decision over Marcos Maidana, surviving the stiffest test of his career with guts and skill.

Khan (24-1, 17 KOs) knocked down Maidana with 10 seconds left in the first round of the British champion's Las Vegas debut with a vicious left hand to the body, and the fight never really slowed down from there.

The free-swinging Maidana seemed to be close to stopping Khan during a brilliant 10th round, but Khan absorbed every shot from his Argentine opponent and responded with a strong 11th.

Khan finished his third title defence with blood dripping from his nose. Still scarred by a first-round knockout loss in his only defeat more than two years ago, Khan has grown tougher and stronger.

"I know I made mistakes, but I worked hard and came back stronger than ever," Khan said. "He's a strong fighter, and he hits hard. My chin was tested. I'm not taking anything away from him. He's a great champion. I proved today I've got a chin."

Maidana (29-2) was hurt by a point deduction by referee Joe Cortez in the fifth round, apparently for throwing an elbow at Cortez in frustration when the referee broke a clinch.

Judges Jerry Roth and C.J. Ross scored the bout 114-111 for Khan, and Glenn Trowbridge favoured the British fighter 113-112.

Maidana attempted to leave the ring after the decision was announced, but his promoters pulled him back.

"I thought I won," Maidana said through a translator. "I thought I did enough in the final rounds to win the fight."

The tone was set in the opening seconds of the fight when Khan approached the middle of the ring with his glove raised in good sportsmanship - and Maidana instead threw a sneaky left hook that barely missed. Maidana then landed two shots to Khan's head in the opening minute, putting his opponent on the defensive immediately.

But Khan caught Maidana with two body shots in the final seconds of the first round, and his left hand to Maidana's abdomen sent the Argentine to his knees. Khan also dominated the second round, but Maidana caught Khan with two big punches early in the third.

After Cortez's unusual ruling when Maidana's elbow hit the referee in the chest in the fifth, Maidana responded with two outstanding rounds, stalking Khan with uppercuts that had the champion staggering.

After what appeared to be a scolding from trainer Freddie Roach, Khan righted himself in the eighth and began to pepper Maidana with jabs and combinations.

Maidana utterly dominated the 10th round, repeatedly rendering Khan defenceless - but Khan never went down. Maidana also dominated the 12th round, but Khan had enough of a lead to hang on.

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

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South Korea

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.”

Results

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5.30pm: Handicap (PA) Dh80,000 (T) 1,600m; Winner: Al Nafece, Al Muatasm Al Balushi, Mohammed Ramadan

6pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,200m; Winner: Ashton Tourettes, Adrie de Vries, Ibrahim Aseel

6.30pm: Arabian Triple Crown – Group 3 (PA) Dh300,000 (T) 2,200m; Winner: Ottoman, Adrie de Vries, Abdallah Al Hammadi

7pm: Liwa Oasis – Group 2 (PA) 300,000 (T) 1,400m; Winner: Hakeemat Muscat, Szczepan Mazur, Ibrahim Al Hadhrami

7.30pm: Handicap (TB) Dh80,000 (T) 1,600m; Winner: Ganbaru, Antonio Fresu, Musabah Al Muhairi

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