British sprinter David Bolarinwa, left, sprints to victory in his heat of the 100m at the Youth Olympics yesterday.
British sprinter David Bolarinwa, left, sprints to victory in his heat of the 100m at the Youth Olympics yesterday.
British sprinter David Bolarinwa, left, sprints to victory in his heat of the 100m at the Youth Olympics yesterday.
British sprinter David Bolarinwa, left, sprints to victory in his heat of the 100m at the Youth Olympics yesterday.

Bolarinwa and Skeen set up Youth Olympics sprint showdown


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SINGAPORE // Britain's David Bolarinwa and Jamaica's Odane Skeen won their qualifying heats in the 100 metres at the Youth Olympics yesterday, setting up a showdown between the two who have been touted as the future superstars of sprinting. Bolarinwa blew away the field in his heat, winning in 10.62secs. Skeen was slow out of the blocks, but surged through in 10.63 to beat Thailand's Jirapong Meenapra.

The 17-year-old Bolarinwa has the fastest time this year among 16-17-year-olds - setting a time of 10.39 in London earlier this month. Skeen's fastest time is a 10.46, which he set in Jamaica. "I thought let me go there, go hard and see if anyone can go faster," Bolarinwa said. "It was a good performance overall." Skeen was less thrilled with his performance, blaming his slower time on two false starts.

Bolarinwa and Skeen will face each other for the first time and are still sizing one another up. Skeen, for example, was surprised to hear that it was Bolarinwa and not himself who has run the fastest 100m this year. Organisers of the first Youth Olympics have emphasised participation rather than winning, but that was lost on Bolarinwa and Skeen, who both predicted they would win Saturday's final. "It's a big showdown," Bolarinwa said. "He's not really a quick starter. We know that already. His pick up is fantastic and so is mine. If I get a good start, he'll have to take me."

Both boys seemed to relish the comparison to Usain Bolt, the Olympic and world champion at 100m and 200m, and their budding rivalry to that of Bolt and Tyson Gay. Told he has been compared to a miniature Bolt, Skeen just smiled and said he dreams of one day surpassing his idol. "I want to be better than Bolt," said Skeen, whose goal is to win gold at the 2012 Olympics in London. "I want to be much more faster."

Bolarinwa enjoyed being likened to the two sprinting greats, but wants to surpass them," he said. "These guys are fantastic. You look at what they have done. You want to be better than them. "But it's good to have them in the back your mind to look up to." John Powell, Bolarinwa's coach who watched Skeen's heat, said he saw some of Bolt in the young Jamaican. But he was quick to point out that a lot can change with an athlete by the time they reach adulthood.

"You don't know how they will develop, this is the thing," Powell said of Skeen. "He's about 16 and that is two or three years of formative years as an athlete." In other action yesterday, Rolandas Mascinskas, the Lithuania rower, upset Felix Bach, Germany's two-time world junior champion, to win the junior men's single sculls gold. In the women's single sculls, Judith Sievers of Germany got the better of Natalia Kovalova of the Ukraine.

In men's 77kg weightlifting, Russia's Artem Okulov took gold ahead of Thailand's Chatuphum Chinnawong, to help maintain his country's lead in the medal standings. * Agency

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%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Envi%20Lodges%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3ESeptember%202021%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Noelle%20Homsy%20and%20Chris%20Nader%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%0D%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Hospitality%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%20to%2015%0D%3Cbr%3E%3Cstrong%3EStage%20of%20investment%3A%20%3C%2Fstrong%3ESeries%20A%3C%2Fp%3E%0A
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2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.

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.”

Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

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Kick-off: Midnight, Thursday, March 12
Stadium: Parc des Princes
Live: On beIN Sports HD

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