Matchroom Boxing are confident of delivering a headline fight between Conor Benn and Chris Eubank Jr for the company’s Abu Dhabi return in September.
Promoters Matchroom, who last year entered into a long-term agreement with the Department of Culture and Tourism – Abu Dhabi, are currently working on a September 23 event at Etihad Arena, with the aim of securing Benn-Eubank Jr within the next week. Matchroom had initially targeted June 3 for their second show in the emirate.
Speaking to The National, Matchroom Boxing chief executive Frank Smith said: “We’ve been back and forward to Abu Dhabi over the last few months, working through plans with the DCT, and the aim is to deliver an event on September 23 at Etihad Arena.
“Hopefully within the next week or so we’ll be able to get something up and running. But they’re the discussions right now, and the focus for us is to bring the Eubank-Benn fight over.
“I’m very confident that that’s the fight we’re going to be able to deliver. There’s work to be done – as I said, we’re still working through the detail with the DCT – but I’m very confident we’ll be able to get that fight over the line for that date.”
Benn and Eubank Jr, both sons of former rival world champions, were originally scheduled to fight at O2 Arena in England in October, but the bout was cancelled 24 hours beforehand after it was found that Benn had tested positive for a performance-enhancing drug in August.
The unbeaten welterweight, 21-0 as a professional, was in February cleared by the WBC of intentionally doping and subsequently restored to their rankings. Benn, who has repeatedly protested his innocence, is still prohibited by the British Boxing Board of Control from competing in the UK.
Smith said that, while the fight between the two Englishmen would clearly be a huge draw in the UK, that Abu Dhabi represents the more likely destination at present. He said Benn-Eubank Jr would generate significant interest in Abu Dhabi given its appeal to the local market, as well as to visitors from outside the UAE – particularly from the UK.
Asked when he hoped to secure the bout, Smith said: “We need to deliver it this week in order to put together a successful event, especially from a tourism perspective.
“It gives us 12-13 weeks to really fill out and build out packages to bring people over from the UK particularly; we need a long enough lead time to allow people to plan. That’s the focus for us and why the time frames are important.
“We’re going to have to hit targets and bring tourists over, and we need the ability and the time to do that.”
Dmitry Bivol v Gilberto Ramirez - in pictures
Smith said there have been discussions regarding WBA light-heavyweight champion Dmitry Bivol headlining again in Abu Dhabi following his victory there last November, while Manny Pacquiao’s comeback “remains on the table”.
Pacquiao, 44, retired from boxing in August 2021 following his unanimous decision defeat to Yordenis Ugas. The eight-division champion, who later ran without success for presidency in his native Philippines, has already made clear his desire to face Benn in Abu Dhabi.
“He definitely remains on the table,” Smith said. “He’s looking for opportunities right now. And, especially for the region, he’d have massive pulling power.
“There’s other names as well: we’ll been talking to the likes of Gennady Golovkin, people like that who would work within the region. So there’s a lot of opportunity.
“But we want the biggest fights and to do that we just need the right time frames to deliver.”
Smith said Matchroom would look at a card featuring five to six fights in Abu Dhabi, placing emphasis on building a strong line-up from top to bottom.
The promotion's debut event at Etihad Arena last November, the first in the "Champion Series" with Abu Dhabi, was headlined by Bivol’s victory against Gilberto “Zurdo” Ramirez.
Smith said Matchroom remain intent on staging several shows in the capital throughout the year.
“For sure. Our plan is always long-term; it’s never just a one-off event,” he said. “We feel, to build the sport and build success, it’s important we invest in the sport.
“You only have to look at the UFC and how that’s grown from 2010 in Abu Dhabi and where it is today. It just shows that you need some patience and investment and what can be created.
“For us, the focus is still to bring regular events, not just huge championship events, but localised events as well, that will keep momentum going in between. And hopefully we could look at two major events a year and then a couple of smaller shows for either local talent or build up local talent in the region.”
Meanwhile, Smith said Matchroom are still hopeful of booking a heavyweight clash between former champions Anthony Joshua and Deontay Wilder in Saudi Arabia in December.
The kingdom, whose boxing interests fall under the Riyadh-based Skill Challenge Promotions, wants to hold a marquee event pitting Joshua against Wilder, and WBC champion Tyson Fury against WBO, WBA and IBF belt-holder Oleksandr Usyk on the same night.
On Joshua-Wilder in Saudi, Smith said: “Discussions are ongoing for that one in December. It’s a massive fight. Obviously, the talk is doing Usyk-Fury and AJ-Wilder; we’re still a bit off, there’s still work to be done.
“I think AJ and all the guys are planning to fight around August time, but that’s 100 per cent the thought process and the plan.
“I met with the Saudi guys, Skill Challenge, over the weekend and should have some more details in the next couple of weeks.”
On how likely the double-header would be given the difficulty in tying down Fury to a deal, Smith said: “From our perspective, speaking selfishly as Matchroom, we’re not in the Tyson Fury business. What Tyson Fury chooses to do is up to him. But I’m very confident that Joshua-Wilder gets delivered, that’s what I’ll say.
“I don’t know the ins and outs. Usyk has obviously signed [last week] with Skill Challenge, that makes that easy. So Fury is the one stumbling block. Let’s see. Hopefully, because it would be a massive night for the sport.
“But our focus is delivering AJ against Wilder and, fingers crossed, regardless of whether Fury-Usyk’s on there, we can make that happen.”
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Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Nancy 9 (Hassa Beek)
Nancy Ajram
(In2Musica)
COMPANY%20PROFILE
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The five pillars of Islam
The Programme
Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson
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Racecard
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Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
Roll of honour
Who has won what so far in the West Asia Premiership season?
Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain
Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons
West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins
UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles
West Asia Cup - Winners: Bahrain; Runners up: Dubai Exiles
West Asia Trophy - Winners: Dubai Hurricanes; Runners up: DSC Eagles
Final West Asia Premiership standings - 1. Jebel Ali Dragons; 2. Abu Dhabi Harlequins; 3. Bahrain; 4. Dubai Exiles; 5. Dubai Hurricanes; 6. DSC Eagles; 7. Abu Dhabi Saracens
Fixture (UAE Premiership final) - Friday, April 13, Al Ain – Dubai Exiles v Abu Dhabi Harlequins
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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.”
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
Tiger%20Stripes%20
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Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
BLACKBERRY
%3Cp%3EDirector%3A%20Matt%20Johnson%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Jay%20Baruchel%2C%20Glenn%20Howerton%2C%20Matt%20Johnson%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%202-litre%204-cylinder%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E268hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E380Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh208%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A