Jimenez tees off during the Challenge match ahead of the Dubai Desert Classic.
Jimenez tees off during the Challenge match ahead of the Dubai Desert Classic.
Jimenez tees off during the Challenge match ahead of the Dubai Desert Classic.
Jimenez tees off during the Challenge match ahead of the Dubai Desert Classic.

Jimenez looks for repeat of 2010 play-off success at Dubai Desert Classic


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DUBAI // Miguel Angel Jimenez last year declared he was getting better with age when he finally lifted the Omega Dubai Desert Classic trophy after so many near misses.

Jimenez, 46 then and now another year closer to senior status, had been a visitor to Emirates Golf Club since the tournament was launched in 1989 and missed only two stagings of the oldest of the Desert Swing events.

A runner-up twice, he looked like being denied a third time as Lee Westwood seemed to hold the upper-hand in their play-off for last year's title, but the Spanish veteran clung on to secure the 16th of his 18 European Tour wins at the third extra hole.

"Last year was fantastic for me here," he said of the victory that inspired him to one of the most productive seasons of his lengthy career as he went on to add the French Open and the European Masters to his growing haul of titles.

"Of course I'm hoping for the same again, but whatever happens I always feel good when I come back here and I'm extremely happy to return this year to defend the title."

Jimenez came within a stroke of adding another of the Desert Swing events to his honours list as he chased home Paul Casey in the inaugural Volvo Champions tournament in Bahrain two weeks ago.

He claimed that runners-up spot despite the handicap of breaking his putter in a fit of pique midway through his second round.

The Spaniard, who made three closing birdies using his lob wedge as an emergency putter, made light of the incident as he expressed a desire for a smoother passage around the demanding Majlis Course.

"I got desperate on the Friday in Bahrain," he said. "But I'm now putting well again.

"I'm going to practise later today with my new putter and I expect to get my rhythm back for holing some good putts on what I expect will be very good greens."

Jimenez might, however, regret supporting all four legs of the newly-extended Desert Swing.

His near miss in Bahrain, coming after a respectable joint 11th placing behind Martin Kaymer in Abu Dhabi, was followed by a disappointing display in Qatar last weekend when he finished next to bottom on the list of those who beat the halfway cut in an event won by Thomas Bjorn, the Dane, who is another evergreen talent on the Tour.

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UAE currency: the story behind the money in your pockets
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Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
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“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

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1 Lewis Hamilton, Mercedes, 10 wins 387 points

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Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

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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.

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2018 – Dubai College
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2016 – Dubai English Speaking School
2015 – Al Ain Amblers
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