• Andy Sullivan pictured with his scorecard after his course record round of 61 during the opening day of the Golf in Dubai Championship at Jumeirah Golf Estates on Wednesday. Getty
    Andy Sullivan pictured with his scorecard after his course record round of 61 during the opening day of the Golf in Dubai Championship at Jumeirah Golf Estates on Wednesday. Getty
  • Andy Sullivan of England tees off from the ninth hole during day one of the Golf in Dubai Championship at Jumeirah Golf Estates. Getty
    Andy Sullivan of England tees off from the ninth hole during day one of the Golf in Dubai Championship at Jumeirah Golf Estates. Getty
  • DUBAI, UNITED ARAB EMIRATES - DECEMBER 02: Andy Sullivan of England lines up his putt on the ninth hole during Day One of the Golf in Dubai Championship at Jumeirah Golf Estates on December 02, 2020 in Dubai, United Arab Emirates. (Photo by Andrew Redington/Getty Images)
    DUBAI, UNITED ARAB EMIRATES - DECEMBER 02: Andy Sullivan of England lines up his putt on the ninth hole during Day One of the Golf in Dubai Championship at Jumeirah Golf Estates on December 02, 2020 in Dubai, United Arab Emirates. (Photo by Andrew Redington/Getty Images)
  • Danny Willett of England plays his third shot on the 18th hole at the Golf in Dubai Championship. Getty
    Danny Willett of England plays his third shot on the 18th hole at the Golf in Dubai Championship. Getty
  • Thomas Pieters of Belgium lines up his putt on the 18th hole of the Golf in Dubai Championship at Jumeirah Golf Estates. Getty
    Thomas Pieters of Belgium lines up his putt on the 18th hole of the Golf in Dubai Championship at Jumeirah Golf Estates. Getty
  • Robert Macintyre of Scotland during the first round of the Golf in Dubai Championship. Getty
    Robert Macintyre of Scotland during the first round of the Golf in Dubai Championship. Getty
  • Thorbjorn Olesen of Denmark plays his tee shot on the 18th hole during Day One of the Golf in Dubai Championship. Getty
    Thorbjorn Olesen of Denmark plays his tee shot on the 18th hole during Day One of the Golf in Dubai Championship. Getty
  • Ross Fisher at the Golf in Dubai Championship at Jumeirah Golf Estates. Getty
    Ross Fisher at the Golf in Dubai Championship at Jumeirah Golf Estates. Getty

Andy Sullivan opens with course record 61 at Golf in Dubai Championship


Amith Passela
  • English
  • Arabic

Andy Sullivan shot a new course record 61 to set the early pace at the inaugural Golf in Dubai Championship presented by DP World.

The Englishman sank five birdies on the front nine and did even better on the back nine with six more to end the opening day two strokes in front at the Fire Course of the Jumeirah Golf Estates on Wednesday.

Sullivan’s 11 birdies in a bogey free opening round saw him miss out on becoming only the second person to record a 59 in European Tour history after Oli Fisher at the 2018 Portugal Masters.

“I changed my putting routine yesterday and it’s helped me trust my instincts more instead of second guessing myself, which really helped,” Sullivan said of his performance on the day.

“Covid really changed everything for me. I had time to sit down and reflect on how I was being on the golf course.

“I refocused and started enjoying it again. I’ve started to play a lot better. Going out there and enjoying it, I know I’m giving myself the best chance to shoot a low score.

“Coming back to Jumeirah, I’ve always played pretty tidy here on the other course. It’s nice to get off to a flier on this one.”

Two strokes behind and locked in second are England’s Matt Wallace and Ross Fisher, and Antoine Rozner of France on nine-under-par 63.

A further stroke behind in joint fifth are the Scottish pair Craig Howie and Marc Warren and Swede Oscar Lengden, all on eight-under 64.

Wallace started strongly with six birdies on the front nine. He added a seventh on the 12th hole, bogeyed the next before rounding off with a birdie and eagle on the last two holes.

“My preparation has been the same for a long time now,” Wallace said. “As you know I prepare really well, as well as I possibly can to be ready to shoot those scores. That’s something that’s a given for my preparation for the week.”

Rozner carded seven birdies and an eagle on the 13th, and described it as his best round of the year.

“I have been playing well over the last few weeks but I couldn’t really put anything together in the same round and I think I did that very well today,” he said.

“I think it’s my best round of the year for sure. I putted great and saved a couple of great pars.

“I scored the par fives well even though I three-putted on the last one but it was an amazing round, nine under is my lowest on tour so I’m really happy with that.

“I think the two pars that I saved on eight and 17 kept the momentum going for me. I think the eagle on the par five 12th really made a big difference in the round, going from six under to eight under.”

Fisher was the pick of the late starters as he rolled in seven birdies and an eagle. He reached the turn at two under after gains at the third and fifth and continued his hot streak with successive lengthy birdie putts at the tenth and 11th.

“I feel like it's been there but haven't been able to find it,” Fisher said. “So to go out there and do that, I'm delighted.”

The day also marked the 49th National Day of the UAE and the Emirati invitational amateur Ahmed Skaik was provided with the opportunity to hit the opening tee shot to start the new event.

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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.

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
MATCH INFO

Champions League quarter-final, first leg

Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

Villains
Queens of the Stone Age
Matador

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.”

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

The bio

Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

How do you relax?

Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.

What is favourite book?

The Perks of Being a Wallflower - I think I've read it more than 7 times

What is your favourite Arabic film?

Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki

What is favourite English film?

Mamma Mia

Best piece of advice to someone looking for a career at Google?

If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.