A headline fight between Conor Benn and Chris Eubank Jr represents the frontrunner for Matchroom Boxing’s return to Abu Dhabi this summer – although Manny Pacquiao remains in the frame for a comeback bout in the capital.
Promoters Matchroom, who last year signed a long-term agreement with the Department of Culture and Tourism – Abu Dhabi (DCT), are putting together plans for a June 3 show at Etihad Arena, as a follow-up to their successful debut in the emirate in November.
That event, the first in the "Champion Series", was headlined by WBA light-heavyweight champion Dmitry Bivol’s victory against Gilberto “Zurdo” Ramirez.
An encounter featuring Benn and Eubank Jr is in the offing for Matchroom’s second Abu Dhabi event, as is a bout between Benn and Pacquiao. The latter, boxing’s only eight-division champion, retired from the sport in August 2021, but has been in negotiations regarding a return against Benn.
Speaking to The National, Matchroom Boxing CEO Frank Smith said at present Benn-Eubank Jr was in pole position for June 3. The pair were slated to fight at O2 Arena in England in October, only for the bout to be cancelled 24 hours beforehand after Benn tested positive for a performance-enhancing drug in August.
“We’ve got a date now from the DCT and Etihad Arena that works - June 3 - and we’re just going through the process,” Smith said. “We’ve got multiple options, whether we look at Dmitry Bivol again.
“But the main focus for us right now is Conor Benn. There’s a lot of talk about the Manny Pacquiao fight, but a big fight we’re looking at as well is the Chris Eubank Jr fight, which sold out the O2 in a matter of minutes. So that’s the focus for us to try and get over the line.”
Asked which fight was more likely at this stage, Smith added: “I think [Benn-Eubank Jr] is the frontrunner we’re working on. There’s a lot of talk about the Pacquiao fight as well in the background across social media, but [Benn-Eubank Jr] is something we’re focusing quite heavily on at the minute, trying to see if can make that one happen. A lot of work going into that currently.”
Smith said he hoped to announce Benn’s next bout within the next week. The unbeaten welterweight, the son of former two-weight world champion Nigel Benn, was last month cleared by the WBC of intentionally doping and subsequently restored to their rankings.
However, Benn is currently prohibited by the British Boxing Board of Control from competing in the UK. In recent weeks, Benn has repeatedly protested his innocence.
“The one thing about Conor Benn right now is he will fight anyone,” Smith said. “That’s why we‘re talking about all the names that have been mentioned. Whether it’s Manny Pacquiao, [retired former welterweight champion] Kell Brook, Chris Eubank Jr. He will literally go in with anyone; he wants the biggest fight possible.
“He’s obviously had some time out of the ring now that he’s focused on getting a massive fight. And they’re very excited by the prospect of coming to Abu Dhabi.”
Smith said Benn, 21-0 as a professional, was understandably keen to put the past five months of turmoil behind him.
“One hundred per cent,” Smith said. “The focus always was to clear his name. He could’ve boxed a week after the situation happened if he wanted to, in another territory.
“But it was always his focus to put the work in to clear his name with his team. That’s been a four- or five-month process, probably one of the hardest processes he’ll ever go through in his life.
“So, as I said, the focus is completely set now on moving forward, continuing the journey he was on. And taking the biggest fight possible, because he believes in his ability.
“He’s 26 years old and has a huge future ahead of him. He’s stayed in the gym throughout, has been training very hard, and we’re looking forward to seeing him back in the ring.”
Smith said Matchroom are convinced Benn-Eubank Jr in Abu Dhabi would generate “massive” interest given it would appeal to both the local and expat market, as well as attract visitors from outside the UAE – particularly the UK.
Eubank Jr, 32-3 as a pro, is the son of the former two-division world champion, and long-time rival to Nigel Benn, Chris Eubank.
“The key obviously for the travelling fans is to make sure we can get the fight up and running and out there as soon as possible, so people can start making their plans,” Smith said.
Filipino Pacquiao, meanwhile, retired from boxing following his unanimous decision loss to Yordenis Ugas 19 months ago - the bout followed a two-year hiatus. He then ran, unsuccessfully, for the presidency of the Philippines.
On Wednesday, MP Promotions president Sean Gibbons told ESPN that Pacquiao, 44, “wants to fight again and feels he can do it at the highest level. And this [Benn] fight was presented to him by [Matchroom Sport chairman] Eddie Hearn, and he agreed. Ball is in Eddie Hearn’s court. Pacquiao ready to go”.
On Friday, Smith told The National: “Let’s be honest, Manny Pacquiao is probably one of the biggest names in the past 20 or 30 years in professional boxing. And still very relevant as well.
“And in great shape also. People talk about his age, but Manny Pacquiao has never stopped training. You see him in the gym, he looks as good as ever.
“And sometimes, with some of these fighters, a bit like when Vladimir Klitschko fought Anthony Joshua [in 2017], he was 41 years old and that gave us one of the best nights we ever saw in the boxing ring. And although he’s retired, Conor hasn’t been in with fighters anywhere near the level of Manny Pacquiao, so we have to be realistic.
“So I think he can still cause him problems. People at certain points in Conor’s career wrote him off that he didn’t have the ability. This is the kind of fight we get to see if Conor can go to the top. Don’t get me wrong, this isn’t Manny Pacquiao of 10-15 years ago, but it’s still a hugely talented fighter who’s still got a lot left to give the sport.”
As for the talks between Matchroom and Pacquiao’s team, Smith said: “Look, they really want the fight. His management team are talking to us every single hour of the day. It’s something we’ve been discussing for a while now, and I think it’s something that we can make very quickly.
“As I say, there’s a number of options to look at and all have got their strengths. And Pacquiao is definitely up there as well.”
Smith said Matchroom are targeting two events in Abu Dhabi this year having proven what they could offer with their inaugural "Champion Series" show last November.
“Now the focus for us is to keep building and deliver this event in June,” Smith said. “Hopefully then deliver another event later in the year.
“We’ve had good conversations with the [Abu Dhabi] Sports Council as well as with the DCT around the broader growth of boxing in the market. We’re working on a longer-term, broader plan of how we grow boxing and how we bring new eyeballs into the sport. And that’s very exciting. That’s how we’re going to build momentum for the sport.”
LOVE%20AGAIN
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Coffee: black death or elixir of life?
It is among the greatest health debates of our time; splashed across newspapers with contradicting headlines - is coffee good for you or not?
Depending on what you read, it is either a cancer-causing, sleep-depriving, stomach ulcer-inducing black death or the secret to long life, cutting the chance of stroke, diabetes and cancer.
The latest research - a study of 8,412 people across the UK who each underwent an MRI heart scan - is intended to put to bed (caffeine allowing) conflicting reports of the pros and cons of consumption.
The study, funded by the British Heart Foundation, contradicted previous findings that it stiffens arteries, putting pressure on the heart and increasing the likelihood of a heart attack or stroke, leading to warnings to cut down.
Numerous studies have recognised the benefits of coffee in cutting oral and esophageal cancer, the risk of a stroke and cirrhosis of the liver.
The benefits are often linked to biologically active compounds including caffeine, flavonoids, lignans, and other polyphenols, which benefit the body. These and othetr coffee compounds regulate genes involved in DNA repair, have anti-inflammatory properties and are associated with lower risk of insulin resistance, which is linked to type-2 diabetes.
But as doctors warn, too much of anything is inadvisable. The British Heart Foundation found the heaviest coffee drinkers in the study were most likely to be men who smoked and drank alcohol regularly.
Excessive amounts of coffee also unsettle the stomach causing or contributing to stomach ulcers. It also stains the teeth over time, hampers absorption of minerals and vitamins like zinc and iron.
It also raises blood pressure, which is largely problematic for people with existing conditions.
So the heaviest drinkers of the black stuff - some in the study had up to 25 cups per day - may want to rein it in.
Rory Reynolds
ELECTION%20RESULTS
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ICC Awards for 2021
MEN
Cricketer of the Year – Shaheen Afridi (Pakistan)
T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)
ODI Cricketer of the Year – Babar Azam (Pakistan)
Test Cricketer of the Year – Joe Root (England)
WOMEN
Cricketer of the Year – Smriti Mandhana (India)
ODI Cricketer of the Year – Lizelle Lee (South Africa)
T20 Cricketer of the Year – Tammy Beaumont (England)
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.”
Mina Cup winners
Under 12 – Minerva Academy
Under 14 – Unam Pumas
Under 16 – Fursan Hispania
Under 18 – Madenat
COMPANY%20PROFILE
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Company%20profile
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Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
COMPANY%20PROFILE
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Brief scores:
Toss: Australia, chose to bat
Australia: 272-9 (50 ov)
Khawaja 100, Handscomb 52; Bhuvneshwar 3-48
India: 237 (50 ov)
Rohit 56, Bhuvneshwar 46; Zampa 3-46
Player of the Match: Usman Khawaja (Australia)
Player of the Series: Usman Khawaja (Australia)
Strait of Hormuz
Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.
The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.
Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.
Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
RESULT
Esperance de Tunis 1 Guadalajara 1
(Esperance won 6-5 on penalties)
Esperance: Belaili 38’
Guadalajara: Sandoval 5’
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
More from Neighbourhood Watch:
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5