• Rory McIlroy plays his second shot at the opening hole during Day 1 of the DP World Tour Championship at Jumeirah Golf Estates in Dubai on Thursday, November 18. Getty
    Rory McIlroy plays his second shot at the opening hole during Day 1 of the DP World Tour Championship at Jumeirah Golf Estates in Dubai on Thursday, November 18. Getty
  • United States' Collin Morikawa plays his tee shot at the first hole on his way to an opening round 68. Getty
    United States' Collin Morikawa plays his tee shot at the first hole on his way to an opening round 68. Getty
  • Denmark's Joachim B. Hansen on the third hole on his way to an opening round 67. Getty
    Denmark's Joachim B. Hansen on the third hole on his way to an opening round 67. Getty
  • Northern Ireland's Rory McIlroy on his way to a brilliant opening round 65. EPA
    Northern Ireland's Rory McIlroy on his way to a brilliant opening round 65. EPA
  • Germany's Martin Kaymer plays a tee shot at the first hole on his way to an opening round 68. Getty
    Germany's Martin Kaymer plays a tee shot at the first hole on his way to an opening round 68. Getty
  • Spain's Sergio Garcia of Spain on the third hole on his way to an opening round 68. Getty
    Spain's Sergio Garcia of Spain on the third hole on his way to an opening round 68. Getty
  • Finland's Tapio Pulkkanen on his way to an opening round 67. EPA
    Finland's Tapio Pulkkanen on his way to an opening round 67. EPA
  • England's Tommy Fleetwood on the third hole on his way to an opening round 70. Getty
    England's Tommy Fleetwood on the third hole on his way to an opening round 70. Getty
  • US players Billy Horschel, left, who carded a disappointing 74, and Collin Morikawa on the first tee. Getty
    US players Billy Horschel, left, who carded a disappointing 74, and Collin Morikawa on the first tee. Getty
  • First-round leader Rory McIlroy plays his tee shot to the 13th hole. Getty
    First-round leader Rory McIlroy plays his tee shot to the 13th hole. Getty
  • England's Tyrrell Hatton on his way to an opening round 70. AFP
    England's Tyrrell Hatton on his way to an opening round 70. AFP
  • England's Paul Casey with caddie John McLaren at the first tee on his way to an opening round 70. Getty
    England's Paul Casey with caddie John McLaren at the first tee on his way to an opening round 70. Getty
  • Ireland's Shane Lowry of Ireland plays his second shot on the third hole on his way to 69. Getty
    Ireland's Shane Lowry of Ireland plays his second shot on the third hole on his way to 69. Getty

Rory McIlroy off to flying start at DP World Tour Championship


John McAuley
  • English
  • Arabic

Any lingering doubts that Rory McIlroy’s game was in fine shape heading into the DP World Tour Championship were dispelled early on Thursday. In fact, it took two holes.

McIlroy, who triumphed last month in his most recent competitive outing, began his quest for an unprecedented third victory in the European Tour’s season finale with a birdie. Then the eagle on the next was so good, the circuit’s social media team had quickly clipped it up and sent it out to the world.

“Honestly, all I was trying to do was get it in the front bunker,” McIlroy said, typically openly. “I didn't think I had enough club to get it over, but I absolutely flushed it. It was nice to hole the putt and obviously a great way to start.”

By the eighth, McIlroy had birdied three more holes, then rebounded from a bogey on nine by immediately picking up another shot on 10. A birdie on 18, made possible by a brilliant flop shot, secured an opening seven-under-par 65 and, even this soon in, an ominous two-shot lead.

Ominous, well, because McIlroy won around the Earth Course in 2012 and 2015, was tied-second in 2014, and boasts three more top-fives from 10 appearances. Clearly, the former world No 1 enjoys the place.

“I was saying to [playing partner] Dean [Burmester], I've been coming back here now for 12 years and it flies by,” McIlroy said. “A lot of experience around this place, a lot of great memories, and memories of great shots and great putts.

“It's comfortable for me. If you can carry the ball over 300 on this course it gets a lot easier, just getting over some of those fairway bunkers and the landing areas become that bit wider. Someone like Dean or myself today, that's an advantage for us. I've been able to use that to my advantage over the last few years here.”

After Day 1, McIlroy’s closest challengers are Finland’s Tapio Pulkkanen, South African Christiaan Bezuidenhout and Denmark’s Joachim B Hanson — last week’s winner on the neighbouring Fire Course. Current Race to Dubai front-runner Collin Morikawa, Sergio Garcia and Martin Kaymer sit in a group of 10 one shot further back, on four-under.

It could be some job keeping up with McIlroy, though. Patently, the four-time major champion figured out something after his struggles at the Ryder Cup, when he claimed a solitary point from four at Whistling Straits. He won The CJ Cup in his only other start since.

“I feel I'm a big boy now,” McIlroy, 32, said. “I've been around the block a bit, and if I have problems or struggles, I should be able to sort them out myself. Instead of looking to others, I'm going to take responsibility and that's what I did after the Ryder Cup.

“Put my head down and spent a lot of time on the range and just figuring out, 'OK, what is it do I do well and what do I need to get back to?’

“I've always been a very visual player. I always see shots. I don't know how much the shot tracer was out there today, but people probably see me playing shots again.”

Of course, there remains a long way to go this week. Yet, keep this going, end the season strongly — McIlroy has one more event, next month’s Hero World Challenge — and talk of finally adding to that major haul will increase again.

McIlroy lifted all of his four between 2011 and 2014. This campaign, he tied-7th at the US Open represented by far his best performance. He missed the cut at the Masters.

“It's hard,” McIlroy said. “Sometimes when you don't play your best, I maybe don't set my standards high enough sometimes. They are high, but getting into contention in one major this year isn't good enough for me.

“I've done way better than that before and I know I can again, especially with how I'm playing and feeling like I've got my golf game back, basically.

“So I'm excited for those four events next year, and excited about the road ahead because I really feel like I'm on the right path.”

COMPANY%20PROFILE
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Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Neo%20Mobility%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20February%202023%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Abhishek%20Shah%20and%20Anish%20Garg%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Delta%20Corp%2C%20Pyse%20Sustainability%20Fund%2C%20angel%20investors%3C%2Fp%3E%0A
Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Results:

5pm: Maiden (PA) | Dh80,000 | 1,200 metres

Winner: Jabalini, Szczepan Mazur (jockey), Younis Kalbani (trainer)

5.30pm: UAE Arabian Derby (PA) | Prestige | Dh150,000 | 2,200m

Winner: Octave, Gerald Avranche, Abdallah Al Hammadi

6pm: Arabian Triple Crown Round 3 (PA) | Group 3 Dh300,000 | 2,200m

Winner: Harrab, Richard Mullen, Mohamed Ali

6.30pm: Emirates Championship (PA) | Group 1 | Dh1million | 2,200m

Winner: BF Mughader, Szczepan Mazur, Younis Al Kalbani

7pm: Abu Dhabi Championship (TB) | Group 3 | Dh380,000 | 2,200m

Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan

7.30pm: Wathba Stallions Cup (PA) | Conditions | Dh70,000 | 1,600m

Winner: AF La’Asae, Tadhg O’Shea, Ernst Oertel

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

MATCH INFO

Jersey 147 (20 overs) 

UAE 112 (19.2 overs)

Jersey win by 35 runs

While you're here
Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.

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.”

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Unresolved crisis

Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.

Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.

The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.

Updated: November 18, 2021, 2:51 PM