Sheikha Latifa Al Maktoum, riding Kalaska De Semily,  on her way to silver during the Asian Games in Guangzhou yesterday.
Sheikha Latifa Al Maktoum, riding Kalaska De Semily, on her way to silver during the Asian Games in Guangzhou yesterday.

Another quick silver for Sheikha Latifa in Guangzhou



GUANGZHOU, CHINA // Sheikha Latifa Al Maktoum won her second silver medal in three days yesterday as she finished runner-up in the individual showjumping.

Riding Kalaska De Semily, the 1998-born stallion, she jumped two clear rounds with no penalty points. She challenged the Saudi Arabian riders Prince Khalid Abdul Aziz Al Eid and Ramzi Hamad Al Duhaimi in the jump-offs to decide the final medallists.

In the jump-off, Sheikha Latifa went through the 10-hurdle course without knocking off any obstacles, the same as Al Duhaimi.

However, the gold went to Al Duhami as he completed the course in 48.53secs, a mere 0.15secs faster than the UAE rider's 48.68secs.

On Monday, Sheikha Latifa had successfully led the country to the silver medal in the showjumping team event along with Sheikh Rashid Al Maktoum, Sheikh Majid Al Qassimi and Ahmed al Junaibi.

Taleb Dhaher al Muhairi, the secretary general of the Emirates Equestrian Federation, was ecstatic over the second silver for the UAE in jumping.

"I am at a loss of words to express my happiness over this tremendous achievement by Sheikha Latifa," he said. "She put up a brave show and fought for her silver with world-class jumpers. Our efforts have borne fruits.

"This again shows the meticulous training and planning by the Emirati riders who have now become a team to reckon with in the international equestrian scene."

The UAE have now won three medals, all silver, at the Games in China, with Sheikh Juma bin Dalmouk Al Maktoum finishing second in the shooting double trap competition on Sunday. There is at least silver guaranteed today, too, in the football when the UAE take on Japan in the men's final.

Elsewhere in China yesterday, the host nation achieved a hat-trick of gold medals in the women's field hockey after beating South Korea in a penalty shoot-out.

The Chinese, cheered on by some 1,000 home fans in the final, won 5-4 after neither side had been able to find the net in normal or extra time.

Kim Eun-sil missed the first penalty stroke for the South Koreans, while the Chinese converted all their five shots and sealed the win when Sun Sinan beat goalkeeper Moon Young-hui.

China, who won the title in Busan in 2002 and repeated the feat in Doha four years later, have booked a direct entry to the 2012 London Olympics with their victory.

Liu Xiang won a third successive 110 metres hurdles crown yesterday, surprising himself as he had only just recovered from an ankle injury.

The victory was achieved in a time of 13.09, and he said: "I didn't expect to run 13.09 because I am not yet back to a very high level."

Bahrain's Ethiopian-born Maryam Jamal remained on course for a women's middle-distance double in the Asian Games after qualifying for today's 800m final with ease.

Jamal, the reigning double world champion in the 1500m and 800m, won the 1500m title on Tuesday and will be the woman to beat when she tries to repeat the double she achieved at the Doha Games in 2006.

She eased home in the relatively slow time of 2mins 04.55secs, and the slow first lap allowed her to open up with 250 metres to go and eliminate any threat from the rest of the field.

"I feel OK, very good," the 26-year-old said. "It's easy, not 100 per cent easy, but tomorrow I will try my best."

Malaysia's Puvaneswaran Ramasamy used his mental advantage against younger rivals to grab his second karate gold and write his name in the Asian Games history books.

The 35-year-old beat Saudi Arabia's Emad Mohammed A Almalki in the 55kg kumite (sparring) final to become the first karate competitor to climb the podium at five consecutive Asian Games.

"It feels great," said the Kuala Lumpur practitioner.

"Most other players are in their 20s. But in my journey through karate I have gained mental strategy," Ramasamy said. "I have used my mental strategy to win."

South Korea beat the Philippines 74-66 in the basketball competition yesterday, while a big and quick Japanese team dispatched North Korea 92-75, setting up a semi-final between the winners.

* With agencies

Vikram%20Vedha
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Ireland v Denmark: The last two years

Denmark 1-1 Ireland 

7/06/19, Euro 2020 qualifier 

Denmark 0-0 Ireland

19/11/2018, Nations League

Ireland 0-0 Denmark

13/10/2018, Nations League

Ireland 1 Denmark 5

14/11/2017, World Cup qualifier

Denmark 0-0 Ireland

11/11/2017, World Cup qualifier

 

 

 

JAPAN SQUAD

Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa

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.”

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

HAJJAN
%3Cp%3EDirector%3A%20Abu%20Bakr%20Shawky%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3EStarring%3A%20Omar%20Alatawi%2C%20Tulin%20Essam%2C%20Ibrahim%20Al-Hasawi%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
The years Ramadan fell in May

1987

1954

1921

1888

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 

RESULT

Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)

Kolkata win by 25 runs

Next match

Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm