Antony Joshua knocks out Robert Helenius in the seventh round of their heavyweight boxing fight at London's O2 Arena. PA
Antony Joshua knocks out Robert Helenius in the seventh round of their heavyweight boxing fight at London's O2 Arena. PA
Antony Joshua knocks out Robert Helenius in the seventh round of their heavyweight boxing fight at London's O2 Arena. PA
Antony Joshua knocks out Robert Helenius in the seventh round of their heavyweight boxing fight at London's O2 Arena. PA

Anthony Joshua v Deontay Wilder in Saudi Arabia 'imminent', says Eddie Hearn


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Anthony Joshua's promoter Eddie Hearn is hopeful a mega-fight in Saudi Arabia against Deontay Wilder will be confirmed imminently after the former two-time heavyweight world champion sealed a knockout victory over Robert Helenius in London on Saturday night.

Competing in his second fight of the year – following a lacklustre points win over Jermaine Franklin in April – Joshua was jeered by sections of the crowd inside the O2 Arena during a subdued opening six rounds, before ending the contest with a ferocious overhand right in the seventh.

The victory improves Joshua's professional record to 26 wins from 29 fights, including 23 knockouts.

Joshua had hoped to deliver a statement against Dillian Whyte but his British rival was pulled from the fight after returning an "adverse finding" from a random doping test last weekend. Finland's Helenius then stepped in at the last minute.

The aim now for Joshua and his team is to secure the long-awaited fight against American power-puncher Wilder, and Hearn expects an update soon. Representatives from Saudi Arabia, where Joshua has twice fought for the heavyweight titles, were in attendance hoping to conclude negotiations for a bout in the kingdom for early next year.

"We hope it's imminent," Hearn said. "That's why he wanted the Dillian Whyte fight, it's hard for him to get up to fights like this.

"If he hits Wilder on the chin then it's over. This is about Anthony Joshua now, it's not about pleasing others. He's given everything to British boxing."

A fight between Joshua and Wilder had been discussed in the past, most notably when both fighters collectively held all four heavyweight world titles, although several attempts at negotiations collapsed.

But as Joshua and Wilder aim to surge back into title contention and with a potentially career-leading purses up for grabs, the fight finally looks set to go ahead.

Wilder is one of the most dangerous punchers in boxing history and stopped Helenius in the first round last October. Joshua was therefore under pressure to deliver a similarly emphatic performance, and while it took time to get the stoppage, the style in which he ended the fight should increase the hype ahead of his proposed showdown with the 'Bronze Bomber'.

Deontay Wilder has not fought since knocking out Robert Helenius in the first round in October last year. AFP
Deontay Wilder has not fought since knocking out Robert Helenius in the first round in October last year. AFP

When asked in the ring about a potential fight with Wilder, Joshua said: "My back's gone, is there a doctor in here? I want to carry this heavyweight division to the top."

Joshua has experienced contrasting fortunes when fighting in Saudi Arabia. On his first appearance in the kingdom in December 2019, he comfortably reclaimed the IBF, WBA, and WBO world titles from Andy Ruiz following his shock stoppage defeat to the Mexican-American at New York City's Madison Square Garden six months prior.

However, he suffered an emotional split decision loss to Oleksandr Usyk in Jeddah 12 months ago having been beaten by the Ukrainian in their first fight in London in September 2021.

Former WBC belt holder Wilder, meanwhile, has not fought since his first-round knockout against Helenius. The American, 37, holds a professional record of 43 wins (42 KOs), two defeats and one draw. His only losses came against Tyson Fury in the second two fights of their epic trilogy.

Federer's 11 Wimbledon finals

2003 Beat Mark Philippoussis

2004 Beat Andy Roddick

2005 Beat Andy Roddick

2006 Beat Rafael Nadal

2007 Beat Rafael Nadal

2008 Lost to Rafael Nadal

2009 Beat Andy Roddick

2012 Beat Andy Murray

2014 Lost to Novak Djokovic

2015 Lost to Novak Djokovic

2017 Beat Marin Cilic

Recent winners

2002 Giselle Khoury (Colombia)

2004 Nathalie Nasralla (France)

2005 Catherine Abboud (Oceania)

2007 Grace Bijjani  (Mexico)

2008 Carina El-Keddissi (Brazil)

2009 Sara Mansour (Brazil)

2010 Daniella Rahme (Australia)

2011 Maria Farah (Canada)

2012 Cynthia Moukarzel (Kuwait)

2013 Layla Yarak (Australia)              

2014 Lia Saad  (UAE)

2015 Cynthia Farah (Australia)

2016 Yosmely Massaad (Venezuela)

2017 Dima Safi (Ivory Coast)

2018 Rachel Younan (Australia)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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.”

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

The Ashes

Results
First Test, Brisbane: Australia won by 10 wickets
Second Test, Adelaide: Australia won by 120 runs
Third Test, Perth: Australia won by an innings and 41 runs
Fourth Test: Melbourne: Drawn
Fifth Test: Australia won by an innings and 123 runs

The specs: 2019 Cadillac XT4

Price, base: Dh145,000

Engine: 2.0-litre turbocharged in-line four-cylinder engine

Transmission: Nine-speed automatic

Power: 237hp @ 5,000rpm

Torque: 350Nm @ 1,500rpm

Fuel economy, combined: 8.7L / 100km

Temple numbers

Expected completion: 2022

Height: 24 meters

Ground floor banquet hall: 370 square metres to accommodate about 750 people

Ground floor multipurpose hall: 92 square metres for up to 200 people

First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time

First floor terrace areas: 2,30 square metres  

Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

Updated: August 13, 2023, 7:51 AM