LATEST: Joshua dominates Wallin in Riyadh as Wilder suffers shock defeat
Big-time boxing returns to Saudi Arabia on Saturday, December 23, with one of the year's most eagerly anticipated boxing cards.
Anthony Joshua, Deontay Wilder and Joseph Parker are just some of the famous names appearing on a show that is part of Riyadh Season – the kingdom's programme of culture and entertainment.
If the recent Tyson Fury v Francis Ngannou event is anything to go by then expect a lavish production and an early Christmas gift for fight fans this weekend.
What is it?
Saudi Arabia is becoming a real hotbed for high-level boxing, especially the heavyweight division. This card boasts eight fights in total, six of them at heavyweight, one at cruiserweight and one at light heavyweight.
All the action will take place at the Kingdom Arena in Riyadh.
Who is headlining?
The card has co-main events in Anthony Joshua v Otto Wallin, and Deontay Wilder v Joseph Parker, but Joshua-Wallin is expected to close the show. Joshua is on the comeback trail after successive defeats to Oleksandr Usyk and needs a win here to move on to bigger challenges. That could mean a showdown with Wilder if the American can get past New Zealand's Parker.
What about the undercard?
The whole card is stacked from top to bottom, including many top heavyweights, as well as leading light-heavyweight Dmitry Bivol and the world's No 1 cruiserweight in Jai Opetaia. The full card is as follows:
Anthony Joshua v Otto Wallin, heavyweight
Deontay Wilder v Joseph Parker, heavyweight
Dmitry Bivol v Lyndon Arthur, light-heavyweight
Daniel Dubois v Jarrell Miller, heavyweight
Jai Opetaia v Ellis Zorro, cruiserweight
Arslanbek Makhmudov v Agit Kabayel, heavyweight
Frank Sanchez v Junior Fa, heavyweight
Filip Hrgovic v Mark De Mori, heavyweight
When is the weigh-in?
The weigh-in will take place at 7pm local time (8pm UAE, 4pm UK) on Friday, December 22.
What time does it start?
The action starts on fight night at 7pm local time (8pm UAE, 4pm UK) on Saturday, December 23.
What time are the ring walks for the main events?
The ring walks for Wilder v Parker are expected to be at around 12:30am local time (1:30am UAE, 9:30pm UK), Joshua v Wallin will then follow at 1:30am local time (2:30am UAE, 10:30pm UK).
How can you watch?
The event is being shown by streaming service DAZN.
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The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
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.”
Profile
Company name: Jaib
Started: January 2018
Co-founders: Fouad Jeryes and Sinan Taifour
Based: Jordan
Sector: FinTech
Total transactions: over $800,000 since January, 2018
Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups
The Breadwinner
Director: Nora Twomey
Starring: Saara Chaudry, Soma Chhaya, Laara Sadiq
Three stars
Day 5, Abu Dhabi Test: At a glance
Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.
Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.
The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
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- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
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