By his own admission, Tarek Suleiman is on the biggest stage of his professional fighting career.
The Syrian is pitted against Marvin Vettori, former Venator FC welterweight champion and UFC middleweight contender, in a No Gi jiu-jitsu contest at the inaugural Abu Dhabi Extreme Championship (ADXC 1) at the Mubadala Arena on Friday.
“I have been waiting for an opportunity like this and when it came my way, I jumped at it straight away. In fact, this is the biggest match in my pro fighting career,” Suleiman told The National.
“When they offered me a spot in the ADXC, I said to them: I never get the chance to fight a top-level fighter, and now I get the opportunity to face the No-5 ranked middleweight.
“Of course, it’s not MMA but I’m ready to take him on in jiu-jitsu. I think I was in the right place at the right time to get this opportunity. This kind of magic happens only in Abu Dhabi and I happened to be there.”
Suleiman, 33, is a black belt in jiu-jitsu, and he explained that the martial art formed part of his daily training in MMA.
“It’s a natural progression for me to jump in and test myself in this part of the game,” he said of his jiu-jitsu background. “I’m looking for a tough fight from Marvin, and I can’t wait to submit him. My message to him: let’s put on a great show.”
Suleiman is a UAE Warriors powerhouse with 12 wins on his record, six of which were secured through submission.
“ADXC is very close to MMA, and I believe I have an advantage over other jiu-jitsu athletes due to my ability to use the cage, footwork, cutting corners, and pinning them to the fence to my advantage, allowing me to take them down and gain an advantage,” he said.
“I’m very excited about this event; it’s one of its kind. I love grappling; half of my MMA wins have come through submissions. There are a lot of big names on the card, so I’m pretty overwhelmed by how prestigious the card is. Looking forward to starting fight week and getting the ball rolling.
Suleiman has been fully engaged in training and preparations in Dubai
“Training has been great, and the UAE is the best place for jiu-jitsu training,” he added.
“I did my camp at Team Nogueira Dubai with Coach Thiago Sa, who has a great No Gi game. I’m looking forward to putting what I’ve learned into practice. I think it’s a natural progression for my career to transition from MMA to grappling, which has always been my passion.”
The ADXC 1 fight card features 14 contests that include two main events and two co-main events. In the No Gi main event, Neiman Gracie – who holds the record for most submissions in his division – faces former UFC fighter Ben Henderson.
In the Gi main event, Brazilians Isaque Bahiense and Gustavo Batista will do battle in a bout where no love is lost, while n the No Gi co-main event Suleiman faces Vettori and Roberto Cyborg Abreu clashes with Anton Minenko in the other.
The ADXC card also boasts a star-studded Arab lineup, including Emirati Zayed Al Katheeri, who has made a name for himself in the world of jiu-jitsu with success at various local and international championships. The Emirati champion will face Thalison Soares.
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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.”
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Dubai Creek Open in numbers
- The Dubai Creek Open is the 10th tournament on this year's Mena Tour
- It is the first of five events before the season-concluding Mena Tour Championship
- This week's field comprises 120 players, 21 of which are amateurs
- 15 previous Mena Tour winners are competing at Dubai Creek Golf and Yacht Club
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5