ABU DHABI // He says 360 degrees, but Ahmed Suhail Al Ketbi means that his life has turned around 180 degrees to what it was before he took up jiu-jitsu; that is, that it is completely opposite to what it used to be.
Al Ketbi is one of the UAE’s leading fighters and we speak just after he has sewed up third place in the purple belt of the under 72kg category at the Jiu-Jitsu Gulf Open Cup in Abu Dhabi.
“It just gives you so much confidence,” he says. “It changes the way of thinking. If you have a temper, you know. It cools you down, like 95 per cent of it gone.
“It changes life.”
Al Ketbi’s is a useful tale about the way the sport has taken hold in the UAE.
About six years ago, a friend who had competed in jiu-jitsu in the United States took him to the Abu Dhabi Combat Club (ADCC). He went twice and did not like it at all.
“I was a muscular guy [he still is] and there were guys lighter and smaller than me sweeping me and taking me down,” he said. “It surprised me. They told me I didn’t have the power, stamina or strength.”
It was only after watching UAE fighters win some medals at a local tournament as a spectator that he was sufficiently roused to start.
He went straight to the administrators at headquarters and asked to start training immediately.
Al Ketbi started taking part in some tournaments, did well and has gradually established himself as a significant presence on the scene.
And he does it, essentially, as an amateur, making time for it between his work and study schedules.
The Gulf Open Cup is not a new tournament.
It has been on the calendar for some time, as one of around eight events that circle around the main event of the year, the Abu Dhabi World Professional Championships. This April will see the event held here for the fifth time.
Essentially, as the veteran referee Alex Paz, of Brazil, points out, this tournament is preparation for the world championships.
“This is a great training tournament, just as you would train in an academy, except that it adds a competitive edge to the training,” Paz said.
But it is also an opportunity to spread the sport out a little farther.
“The benefits of participating in each tournament like this, not just winning or getting gold, but getting the experience is immense, especially because of the confidence you get,” Al Ketbi says.
Thursday, for example, was set aside for school age participants and held in Al Ain.
The tournament was actually postponed by a week to ensure students had enough training time after returning from the winter break.
On Saturday women competed.
In all, organisers say, 600 fighters from 20 different countries took part over three days.
It is, as Sameera Al Romaithi points out, an ideal, inclusive pursuit, recreationally or professionally.
Al Romaithi is a board member of the UAE Jiu-Jitsu Federation (UAEJJF) and currently the federation’s acting chief executive.
She is also a fighter herself.
“The great thing about it is, other than the physical benefits, it’s a great mental sport,” she explains. “It teaches you discipline and respect, strategic thinking. I play myself and the coach tells me always to treat it like chess, in that you have a goal in mind and then you strategise as to how to go about it.
“Anyone can play this sport, male, female, young, old. For me Thursday was a great success. It was the first time we had the kids tournament in Al Ain which was key to raising awareness throughout the UAE. It went very well, the kids were excellent with very good participation.”
Within the Arabian Gulf, the UAE is probably the leading player in the region, though Kuwait is also said to have a thriving scene.
Al Ketbi reckons there to be upwards of 25,000 people who are practicing the martial art in the UAE at some level.
The UAEJJF, Al Romaithi stresses, is keen to make Abu Dhabi a global centre of jiu-jitsu.
The world championships are “the big one” and the UAEJJF are expecting athletes from 26 countries to attend. “We’re hoping that the fifth edition will be bigger and better than ever before,” she says.
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Favourite book: ‘The Art of Learning’ by Josh Waitzkin
Favourite film: Marvel movies
Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence
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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Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
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Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5
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Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
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Investor: Opportunity Venture (Asia)
UAE currency: the story behind the money in your pockets
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
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