St Andrews hosts the 150th British Open from Thursday with Rory McIlroy starting as the favourite for the Claret Jug while a determined Tiger Woods hopes to make an impact at a venue where he has triumphed twice before.
Record crowds for the week of 290,000 are expected on Scotland's east coast for this landmark edition of the world's oldest golf tournament, which comes to the Old Course for the 30th time.
With fine weather expected to continue for much of the week, it is shaping up to be a fitting way to mark a historic British Open, even if the sport continues to be rocked by the fallout caused by the breakaway LIV Series.
Players who left to join the Saudi-backed tour were allowed to take part by Open organisers, just as they were at last month's US Open despite both the PGA Tour and DP World Tour moving to ban the rebels.
That means four-time major winner Brooks Koepka, Sergio Garcia, Bryson DeChambeau, Dustin Johnson and former Open champion Phil Mickelson will all tee off on Thursday.
McIlroy, though, is aiming to end an eight-year wait to add to his four major titles and the Northern Irishman is the favourite in the eyes of many.
"I think it's the Holy Grail of our sport. So not a lot of people are going to get that opportunity to achieve that, but that's what winning an Open at St Andrews is," McIlroy said on Tuesday.
The world No 2 won the 2014 Open at Hoylake but missed the chance to defend his title in St Andrews a year later after injuring an ankle playing football.
"I can't go in here thinking that this might be my time. I just have to go out and play a really good tournament," he added.
McIlroy will tee off in Thursday's first round alongside Collin Morikawa, winner of last year's Open at Royal St George's, and Xander Schauffele, who triumphed in last weekend's Scottish Open.
There is no shortage of contenders, not least among the large contingent of American stars including world No 1 Scottie Scheffler and 2017 Open winner Jordan Spieth.
"If you're not getting amped up to play in this Open, I'm not sure this is the right sport for you," said Spieth on Tuesday, when stiff breezes blowing across the course served as a reminder of the challenges St Andrews can pose.
There has been some talk of the Old Course becoming too easy, 149 years on from the first Open here, but it still captivates players.
They will continue to be challenged in particular by the par-4 17th — the Road Hole is one of the toughest in golf, where players must send their tee shots over the Old Course Hotel.
Jack Nicklaus, twice an Open champion here and who was this week made an honorary citizen of the town, called St Andrews "a magical place".
Woods, now 46, won here in 2000 and 2005 and was determined to return despite suffering severe leg injuries in a car crash last year.
"For the most part of my rehab I was just hoping that I could walk again," admitted Woods, who skipped last month's US Open to improve his chances of featuring this week.
"I'm not going to play a full schedule ever again. My body just won't allow me to do that.
"I don't know how many Open Championships I have left here at St Andrews, but I wanted this one," said Woods, who will play with US Open winner Matt Fitzpatrick in the first two rounds.
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
UAE jiu-jitsu squad
Men: Hamad Nawad and Khalid Al Balushi (56kg), Omar Al Fadhli and Saeed Al Mazroui (62kg), Taleb Al Kirbi and Humaid Al Kaabi (69kg), Mohammed Al Qubaisi and Saud Al Hammadi (70kg), Khalfan Belhol and Mohammad Haitham Radhi (85kg), Faisal Al Ketbi and Zayed Al Kaabi (94kg)
Women: Wadima Al Yafei and Mahra Al Hanaei (49kg), Bashayer Al Matrooshi and Hessa Al Shamsi (62kg)
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.”
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
The specs: Rolls-Royce Cullinan
Price, base: Dh1 million (estimate)
Engine: 6.75-litre twin-turbo V12
Transmission: Eight-speed automatic
Power: 563hp @ 5,000rpm
Torque: 850Nm @ 1,600rpm
Fuel economy, combined: 15L / 100km
All you need to know about Formula E in Saudi Arabia
What The Saudia Ad Diriyah E-Prix
When Saturday
Where Diriyah in Saudi Arabia
What time Qualifying takes place from 11.50am UAE time through until the Super Pole session, which is due to end at 12.55pm. The race, which will last for 45 minutes, starts at 4.05pm.
Who is competing There are 22 drivers, from 11 teams, on the grid, with each vehicle run solely on electronic power.
Brief scores:
Manchester United 4
Young 13', Mata 28', Lukaku 42', Rashford 82'
Fulham 1
Kamara 67' (pen),
Red card: Anguissa (68')
Man of the match: Juan Mata (Man Utd)
