MARANA, ARIZONA // While the golfing world switched its attention to Tiger Woods's first public appearance since November, Ian Poulter opted to let his clubs do the talking at the Accenture Match Play Championship on Friday.
"It's easier if I didn't see it this morning, I wouldn't have to talk about it," the Briton said of Woods's televised apology after trouncing India's Jeev Milka Singh 5&4 in a third round match at Dove Mountain.
Poulter was part of a three-pronged British invasion into the quarter-finals at the US$8.5 million (Dh32m) World Golf Championships event, joined in the last eight by his compatriots Paul Casey and Oliver Wilson.
Spain's Sergio Garcia, Stewart Cink of the United States, South Africa's Retief Goosen, Camilo Villegas of Colombia and Thailand's Thongchai Jaidee also advanced to complete an international quarter-final line up.
"I got off to a great start and I pretty much kept my foot down the whole way around," said Poulter, who did not record a bogey. "Jeev hit a couple of shots a little astray, got himself in a bit of trouble and it kind of made it easier for me just to put the ball in position on the green."
Goosen, by contrast, barely survived for the second successive day. After edging his compatriot Ernie Els in extra holes on Thursday, he beat Nick Watney one-up when the American missed a six-foot par putt at the final hole.
"It was a bit of a scruffy game but I got through it," said Goosen, who set up a match against Villegas, a teammate from last year's Presidents Cup, in the quarters.
A day after knocking out Geoff Ogilvy, the defending champion, Villegas was one down against Ben Crane at the turn, but stormed home to triumph 3&2.
"You've got to keep it going, be patient, and I came back strong at the end," Villegas said.
Cink, the lone American survivor in Arizona, sank an 18-foot putt at the final hole to remain all-square with South Africa's Charl Schwartzel, before winning with a six-foot birdie at the next.
"If I didn't make that putt [on 18] I was going home," the British Open champion said. "It was just the kind of stuff you almost dream of. My mentality was that I didn't feel like I was ever going to lose, even with the last hole needing a par to keep going."
Casey, the sixth and highest remaining seed, won at a canter, 5&4 over the American Brian Gay.
Wilson went two extra holes before eliminating Luke Donald in an all-British affair. "It wasn't sparkling golf," said Wilson. "I'm just delighted to come through that.
Thongchai emerged from an all-Asian battle with a 5&4 victory over Japan's Ryo Ishikawa, while Garcia edged the South African Tim Clark 2&1.
"What pleased me the most is that I finally played better today," Garcia said.
"I probably didn't putt it as well as yesterday but I made a couple of big putts in the last four or five holes."
* Reuters
Aayan%E2%80%99s%20records
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War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
TO%20CATCH%20A%20KILLER
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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.
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.”
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Results
6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m
Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer)
6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m
Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor
7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m
Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer
7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m
Winner: Desert Fire, Hector Crouch, Saeed bin Suroor
8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m
Winner: Naval Crown, William Buick, Charlie Appleby
8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m
Winner: Al Tariq, Pat Dobbs, Doug Watsons
9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m
Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor
NATIONAL%20SELECTIONS
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Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20SupplyVan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2029%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20MRO%20and%20e-commerce%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
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Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
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