Ahad Alresheedi of Kuwait takes part in the women's discus throw event on the first day's schedule yesterday. Lee Hoagland /The National
Ahad Alresheedi of Kuwait takes part in the women's discus throw event on the first day's schedule yesterday. Lee Hoagland /The National
Ahad Alresheedi of Kuwait takes part in the women's discus throw event on the first day's schedule yesterday. Lee Hoagland /The National
Ahad Alresheedi of Kuwait takes part in the women's discus throw event on the first day's schedule yesterday. Lee Hoagland /The National

Fazaa Grand Prix hailed 'one of the best' by paralympics body


John McAuley
  • English
  • Arabic

DUBAI // Dubai's position as the opening host city in the International's Paralympics Committee's (IPC) inaugural Athletics Grand Prix is crucial to the future of the sport in the UAE, said organisers of the 5th Fazaa International Athletics Competition.

The event, taking place this week at the Dubai Police Officers Club, has become one of the region's most renowned competitions since its inception in 2009, but in January it received a resounding endorsement from the IPC when it was chosen to kick-off the governing body's new, six-leg global circuit.

Such recognition can already be quantified in the interest generated among the para-athletic community, with more than 450 entrants representing 35 countries registered for the four-day event, which began yesterday evening.

Among those competing are a number of medallists from the 2012 Paralympic Games, including Wa Wai So, the champion sprinter from Hong Kong, and Walid Ktila, the Tunisian who in London took home golds in the 100 metres and 200m T34.

However, the new status afforded to Fazaa should increase the quality of para-athletics here, with the event expanding not only in terms of athletes competing but also in the amount of disability categories and the number of classifications included. For example, this year Fazaa features blind athletes for the first time.

"In five years Fazaa has reached a very high level of competition, in terms of performance of athletes and welcoming here Paralympic medallists and world record holders," said Majid Al Usiami, the tournament director. "But what is special about this event is the IPC searched the world for the best athletics championships and found Fazaa to be one of them.

"Because this is now a grand prix event, our athletes are competing against the strongest athletes in track and field, where everyone is focused on qualifying for the IPC World Championships."

The World Championships, taking place this summer in Lyon, France, serves as a huge incentive this week, said Thani Juma Belregad, the chairman of the Local Organising Committee.

"This is a very important event for our athletes as we have the biggest delegation of home athletes competing in the UAE - 85 - and it's at the beginning of their preparations for the World Championships," he said.

"They can find out where they are now and also what level their opponents are at.

"With the World Championships in July, our athletes have to be ready right from the beginning.

"And because we think in four to eight-year cycles, we're making sure our juniors participating this week get experience that will serve them well for the next Paralympics in Rio 2016, too.

"But we have to keep on improving and ensure that Dubai must remain one of the grand prix cities for ever. So we have to do better than what we have done, to think differently than before. We've done that this year."

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

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Australian Open Champion

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