Despite a poor season in the wake of personal problems, the presence of Tiger Woods in a golf tournament boosts fan interest.
Despite a poor season in the wake of personal problems, the presence of Tiger Woods in a golf tournament boosts fan interest.

Missing Woods leaves a hole in the PGA line-up



U2 are performing a concert without Bono. The finale in the Harry Potter film series will omit the title character. The circus is coming to town without the daring young man on the flying trapeze. Hey, anything is possible now that the PGA has decided to muddle through its Tour Championship this week minus Tiger Woods, the only golfer who matters to millions of casual golf followers: you know? People who think a driving range is a place to practise parallel parking and left turns.

The PGA is holding its all-star extravaganza without its all-time star. Could it not have granted the player exemption like they do at the Waste Management Phoenix Open or the John Deere Classic? Has not his body of work earned him a lifetime pass? The PGA - under intense competition for attention amid distractions from the NFL, baseball's pennant races and stock-car racing's own, louder version of the Tour Championship - would have loved to have had Woods swinging, grimacing and barking all weekend.

But rules are rules. Actually, in golf - where players are punished for touching their clubs to sand during practice swings or carrying around one too many clubs even if it is never used - rules are nuttier than the neighbourhood association covenant that requires your lawn furniture to match a certain colour scheme. In this case, though, the rules are legitimate. As it should be, only the 30 players who rack up the most points in a convoluted qualifying system get waved through.

So, instead of Woods, we get Bo Van Pelt. And Kevin Na, the oft-spoken answer to a question. Q: Do you plan to watch the tournament? A: Na. Fine. Tiger did not earn his way in, finishing 42nd in qualifying points, 272 behind the last man in, which sounds like a lot. But maybe it is not. Woods has not won all season. He averaged 71.07 strokes, 129th-best on the tour, after an unfailingly annual rate in the 60s. He placed 117th in sand saves, 153rd in hitting greens in regulation, 160th in driving accuracy. Did you even know there were 160 tour players to rank?

The fact is, Woods is better off practising shots out of bunkers and off tees, rather than addressing media inquiries between Tour Championship rounds on whether he deserves to play another event next week. That would be the Ryder Cup, which does crack open the door to allow wild cards who come up shy in another points qualifier (do not even ask). Captain's selections, they are called, and Corey Pavin exercised one of his on Woods for the US roster.

Overlooking Tiger's surprisingly middling 11-13 record in Ryder Cups, Pavin was won over by his raging competitiveness and steely nerves, welcome traits in the expected inhospitable environment of Wales. The choice drew minimal backlash because no American tamed enough golf courses this season to cry foul. Pavin has since indicated on BBC Radio he feels no obligation to suit up Woods all five days of the international golfathon. The notion of Tiger reduced to cheerleader for some matches seems unfathomable until you hear what a young buck on the European circuit said.

"We cannot underestimate him, but if there ever was a good time to play Tiger, it's now," Rory McIlroy, 21, told the British press. Unconcerned about providing Woods with bulletin board material, he added, "I don't think people find it as daunting a task as they did two years ago, after all that has happened." You may have read about it in the tabloids. Woods was exposed as a philanderer, which cost him his marriage, reputation and dignity.

His golf game suffered under the weight of the humiliation and futile efforts to keep his family intact. If that were the extent of his troubles, he might well be on the golf rebound. With divorce, the hurt of the heart usually subsides. Not so easily dismissed is the cumulative effect of four operations on Woods's left knee, which reverberated into neck pains, impacting his gale-force swing. Woods has whiffed on attempts to adjust his form to bodily changes. Abandoning the home run hitter's swing altogether would be foolish, but a little finesse might help. Perhaps that was his goal in switching coaches.

Tiger's absence this week may be painful for golf, but also necessary. The handover of power to a younger generation is inevitable. It may happen sooner rather than later because, let's face it, the onetime grandmaster is in a funk that he may never fully escape. Winning grand slam tournaments, or even making the Tour Championship, is no longer as certain as a tap-in putt. @Email:sports@thenational.ae

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

The Sky Is Pink

Director: Shonali Bose

Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf

Three stars

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.”

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
Meydan card

6.30pm: Al Maktoum Challenge Round-1 (PA) Group 1 US$65,000 (Dirt) 1,600m
7.05pm: Conditions (TB) $100,000 (Turf) 1,400m
7.40pm: UAE 2000 Guineas Trial (TB) $100,000 (D) 1,600m
8.15pm: Handicap (TB) $175,000 (T) 1,200m
8.50pm: Al Maktoum Challenge Round-1 (TB) Group 2 $350,000 (D) 1,600m
9.25pm: Handicap (TB) $175,000 (D) 1,900m
10pm: Handicap (TB) $135,000 (T) 1,600m

Countries offering golden visas

UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.

Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.

Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.

Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.

Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence. 

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million