Major champions Rory McIlroy and Justin Thomas have been confirmed for next month’s Abu Dhabi HSBC Championship.
Both players were confirmed on Wednesday for the January 21-24 tournament, which on Tuesday was announced as one of four Rolex Series events on the European Tour next year. It kicks off the circuit's 2021 season.
McIlroy, the current world No 4 and a four-time major winner, has not featured in Abu Dhabi since 2018, while it will mark his first appearance on Europe’s lead circuit in more than a year, outside of the majors and World Golf Championships events.
The Northern Irishman, no stranger to the UAE having enjoyed multiple successes in Dubai, has finished runner-up around the National Course four times - most recently in 2015.
“I’m looking forward to coming back to Abu Dhabi,” the former world No 1 said in a statement. “It’s always a great event for the players and it’s the perfect place for me to start the 2021 season.
"Abu Dhabi Golf Club is a world-class golf course, one that I have come close to winning on several times over the years, so hopefully I can do well again and be right up there contending come Sunday.”
McIlroy went close also on his most recent appearance in Abu Dhabi, when he finished tied-third two years ago, four shots back from winner Tommy Fleetwood. The last of his 28 professional victories came in November last year, at the WGC-HSBC Champions in Shanghai.
This year, McIlroy finished tied-5th at the Masters, in November, and tied-8th at September’s US Open. He recorded four other top fives.
Meanwhile, world No 3 Thomas will be making his Middle East debut. The 2017 US PGA Championship winner, with 14 professional victories under his belt, recently registered his best finish at the Masters, when he came home fourth at Augusta National.
Another former world No 1, Thomas won twice this year, including the WGC-FedEx St Jude Invitational in August. He has contested only two Rolex Series events previously, in France and Scotland.
“I’m excited to play for the first time in Abu Dhabi,” Thomas said. “I’ve heard really great things about the course and, with it being the first Rolex Series tournament of the year, I’m sure it is going to deliver a strong field.
“I enjoy new challenges, I like playing different golf courses around the world, and competing against the best players in the game, so of course I have my eye on trying to take home the Falcon Trophy.”
To be staged for the 16th time, the Abu Dhabi HSBC Championship carries a purse of $8 million, an increase of $1m from this year. Lee Westwood is the reigning champion having in January sealed a 25th European Tour victory, helping the Englishman eventually seal the Race to Dubai on Sunday. It was his third Order of Merit title.
Speaking of the first major names confirmed for next month, Aref Al Awani, general secretary of Abu Dhabi Sports Council, said: “We are delighted to welcome back Rory McIlroy to Abu Dhabi for our award-winning championship and we are thrilled to host Justin Thomas for the first time as he makes his debut in the UAE at this prestigious tournament.
Westwood wins in Abu Dhabi
“Abu Dhabi is a global capital of world sport and the presence of players such as these only strengthens that position and reinforces our esteemed reputation.”
Abdulfattah Sharaf, CEO of HSBC UAE, added: “The Abu Dhabi HSBC Championship is one of golf’s premium tournaments with an unwavering ability to attract the world’s best players. Rory McIlroy and Justin Thomas are two of golf’s most exciting superstars, and will help the event continue to play its vital role in shaping the future of golf in the region by inspiring the next generation.”
A Rolex Series event, meaning it offers both enhanced prize money and increased Race to Dubai points, the Abu Dhabi HSBC Championship roll of honour includes three-time winner Martin Kaymer, two-time champions Paul Casey and Fleetwood, and American Rickie Fowler and Ireland’s Shane Lowry.
It opens the tour’s Desert Swing, with the Omega Dubai Desert Classic and the Saudi International powered by SoftBank Investment Advisers following in the two weeks after.
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Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
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.”
Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Specs%20
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The years Ramadan fell in May
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Veil (Object Lessons)
Rafia Zakaria
Bloomsbury Academic
Results
4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)
5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel
5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel
6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi
6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud
7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel
7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard
What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
The five pillars of Islam
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Top 10 most polluted cities
- Bhiwadi, India
- Ghaziabad, India
- Hotan, China
- Delhi, India
- Jaunpur, India
- Faisalabad, Pakistan
- Noida, India
- Bahawalpur, Pakistan
- Peshawar, Pakistan
- Bagpat, India
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
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Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Youth YouTuber Programme
The programme will be presented over two weeks and will cover the following topics:
- Learning, scripting, storytelling and basic shots
- Master on-camera presence and advanced script writing
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Company%20Profile
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Benefits of first-time home buyers' scheme
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- DLD registration fee can be paid through banks or credit cards at zero interest rates
The 100 Best Novels in Translation
Boyd Tonkin, Galileo Press