The UAE delegation walks out during the opening ceremony of the second Arab Women Sports Tournament in Sharjah. Jaime Puebla / The National
The UAE delegation walks out during the opening ceremony of the second Arab Women Sports Tournament in Sharjah. Jaime Puebla / The National

Fair play to Sharjah’s vision of organising all-women’s games



It may not host the glamour sporting events that Dubai and Abu Dhabi do, but Sharjah is home to one progressive competition not even their southern neighbours can claim.

Last night saw the opening ceremony of the second Arab Women Sports Tournament (AWST) 2014, the biggest event of its kind in the Arab world.

Around 900 athletes from 14 Arab countries – made up of the UAE, Jordan, Bahrain, Algeria, Sudan, Iraq, Oman, Palestine, Qatar, Kuwait, Lebanon, Libya, Egypt, and Yemen – will take part in seven disciplines, hosted at nine different venues across the emirate.

Basketball is first off the mark, followed by volleyball, table teams, fencing, shooting, and athletics.

The archery teams, scheduled to land in the UAE tomorrow, will be the last to begin competing.

Most of the athletes are ready and waiting. “We’ve stepped up our training in recent weeks,” Alia Nasser, of the Sharjah Ladies Club volleyball team, says. “We have been training twice a day [a total of six hours].”

The volleyball team had just returned from a closed training camp in Perugia, where they took part in three practice games against local Italian teams Monini, Acquasparta and Pal Trevi.

“We played three matches against very strong teams,” Nasser said. “We lost them but they were very tough matches. Each team we played against was better than the previous one, but our performances improved as well.”

Previously, the team participated in a local event at Al Wasl Club in Dubai, and had then stepped up their preparation with a camp in Bahrain.

“We played their national team three times and won all three,” she says. “We also played against a local men’s side in Sharjah, we didn’t get a result but it was important practice.”

Arwa Al Omari, part of the administrative team behind the squad, says that Sharjah Ladies Club will be going all out to retain the title they won in 2012.

“Our goal is winning AWST 2014’s title, as a step towards other regional and international titles,” she says.

The AWST has come a long way in just under two years. Initially, the Sharjah Ladies Club had hosted a series of smaller competitions under the title of Gulf Countries Competition (GCC), open to other female Gulf athletes.

The success prompted other Arab countries to seek participation, leading Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah, to expand the format of the event to provide a larger platform and embrace women from across the Arab world.

The AWST, became the first, and now the largest, of its kind in the Middle East.

“We are very proud of this event, especially after the success of the first championship two years ago,” Nasser says of her home emirate’s achievement. “The organisation and preparation have improved from last time. There are more sports and competitions, and in terms of press conferences and media facilities, there has been a clear improvement.”

Part of this upgrade was to raise the profile of the event and of the strides that women’s sports have taken in the UAE, and the Arab world, over the last few years.

Thanks to an agreement with Sharjah Media Centre, the international coverage for the tournament will this year be enhanced by the establishment of short-term media centres at the 10 venues hosting the different sports.

Najat Bu Rahima, of Sharjah Ladies Club’s basketball team, echoes Nasser’s views and is looking forward to reaping the benefits of the excellent facilities their club has offered.

“Of course we’re very proud of the event, but we also want to keep moving forward and get results as well,” she says.

The basketball squad, like their volleyball counterparts, had completed part of their preparations overseas.

“Earlier in January we went on a training camp in Turkey,” says Bu Rahima.

“We were there for 10 days and we won two out of our three matches in that time. When we came back, we had one last training camp here in the UAE.”

The facilities available in Sharjah have played a big part in promoting women’s sports in the emirate, and Bu Rahima does not hesitate to put them up with the best the world has to offer.

“The [Sharjah Ladies] club provides us with our very own facilities, specially introduced for women,” she adds.

“Other clubs have facilities that are shared by men and women, but our club is the first to provide these kind of professional standards just for women athletes.”

akhaled@thenational.ae

Match info

Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')

Southampton 0

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MATCH INFO

Manchester City 1 (Gundogan 56')

Shakhtar Donetsk 1 (Solomon 69')

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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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.”