EFG Sailing Arabia The Tour 2015. Photo Courtesy: Hill+Knowlton Strategies
EFG Sailing Arabia The Tour 2015. Photo Courtesy: Hill+Knowlton Strategies
EFG Sailing Arabia The Tour 2015. Photo Courtesy: Hill+Knowlton Strategies
EFG Sailing Arabia The Tour 2015. Photo Courtesy: Hill+Knowlton Strategies

Happily married couples tie love in knots for Sailing Arabia – The Tour


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When the 2016 Sailing Arabia – The Tour launched Tuesday, the members of Team Mangold were experiencing the Arabian seas for the first time.

Within the team, though, some of the crew members could not be more familiar with each other, with not one but two married couples on board: Austrian skipper Martin Felgenhauer and wife Maria, and Helmut and Theresia Mangold from Germany.

A lifetime in sailing

“I watched the Volvo Ocean Race very closely when it came to the UAE,” Martin Felgenhauer said as he prepared for the Dubai-Abu Dhabi leg. “But that was my only experience.”

In announcing their participation, Helmut had said the team was here for a “fun” adventure. But once the action started, according to Martin, all eyes would be on the finish line.

“Whenever you enter a race, you need to have the attitude to win it,” he said. “I know that I’m sailing against strong competition, and professionals, and our chances are probably not that high. But you need to do everything to give your best.”

Alongside him will be his wife of 29 years, Maria. They met during a sailing competition and the sport has been apart of their life since. “This is on my vacation time, and not doing this together would really be a shame,” Martin said.

“The few weeks in the year when you do vacation, if you do it separately then it’s not a partnership any more. Find something that you like and do it together.”

The years of sailing and living together means they have became attuned to each other’s thoughts. Anticipating his wife’s movements on the boat, and vice versa, is second nature to Martin, and he has full confidence in Maria’s capabilities.

“We know each other’s strengths and I know I can trust her,” he said.

Small boat on big trip

Team Mangold will line up against eight other identical Farr 30s boats, with the crew completed by tactician and navigator Martin Lindner, Doris Ruskovic and Tom Zahalka.

“I’m expecting something of a little adventure. It’s a small boat on a big journey,” Helmut said.

“Usually I sail with my wife on bigger boats where you can sleep on nice beds,” he said. “But this time we have night sailing, and one leg is even 48 hours. Two nights in boat where there are no beds, no bathroom, nothing – this is new to us.”

Like the Felgenhauers, Helmut and Theresia met while sailing, four years ago, and got married a year later. They seem to revel in sending up married life. It is all good natured, of course.

“Actually sometimes it would be better not to sail together,” he said. “I want to have more adventure and she wants less adventure. But on the other hand it’s always perfect to do things together, so it’s a compromise. This time she’s doing my adventure, and next time I probably have to climb Kilimanjaro.”

The topic of sailing is never far away, and inevitably it spills over into their home life.

“Of course I love to talk about sailing and my wife maybe wants to talk about experiencing new cultures, world heritage sites and not as much about sports.”

A new adventure

For Theresia, Sailing Arabia is a chance to experience another new culture.

“It’s great to be in Dubai, to see the skyline, it’s such great scenery to go sailing to,” she said. “You get to do some sight seeing with the sailing here.”

Sailing with her husband has its ups and downs, she jokes.

“For the relationship it’s not so easy,” she said, a laugh betraying any genuine irritation. “Of course, we talk about sailing a lot at home. It’s a little bit difficult because he’s the boss all the time. It works because he’s always very eager.”

Apart from being alongside the “boss”, she is looking forward to sailing on a new boat. “It’s small boat, it’s little bit old, and we had to get it prepared,” she said.

Theresia says having other women sailors on the boat is always welcome.

“The ladies are always freezing, so we got a lot of clothes with us,” she added, the chuckle not too far away. “It’s always better to have several women on the boat. We do the catering and the men appreciate that.”

“And yes we can talk about the men, too.”

A lasting friendship

For the past eight years, Helmut has run the annual Mangold Cup in the Adriatic Sea, a competition that Martin has won three times. It is at that event that the two struck up a friendship.

“We enjoy socialising with them a lot,” Helmut said. “For the last eight years, I’ve been organising the one-week regatta in the Mediterranean Sea off Croatia. The boats are 45-feet long, every day there are one or two races and we sleep in different marinas each night. That’s how I met Martin and Maria, and that’s what I do once a year. Now I’m trying out something different.”

Martin says the two couples try to hook up at least once a year. “Helmut and I became good friends through sailing in Croatia and we meet at least once a year outside the racing.”

The Austrian could not resist a reminder of why they are now crew mates. “We’ve not sailed together with them before,” Martin added.

“I’ve spent quite a lot of time racing against Helmut. And the point is I was always winning against him and he said ‘one day I want to sail with you, I want to see how you do it’.

“So we took the opportunity to do Sailing Arabia together.”

The teams

EFG Bank Monaco (MON)

Skipper: Sidney Gavinet

EFG bank Monaco have won Sailing Arabia – the Tour five times out of it’s six editions, and will again start as favourites.

Oman Airports-Al Thuraya Women’s Team (OMA)

Skipper: Dee Caffari

The only all-female crew in the competition will once again look to take huge strides on the way to the finishing line in their home country.

Team Delft Challenge (NED)

Skipper: Wouter Sonnema

The team of Dutch university students will take part in their fourth Sailing Arabia race.

Team Averda (UK)

Skipper: Marcel Herrera

Twice runner up at Sailing Arabia, the team’s skipper will be hoping to go one better with his young crew of Team Averda.

Team Bienne Voile (SUI)

Skipper: Lorenz Muller

With physicist, mathematician, physiotherapist, architect and a gifted 17-year-old schoolboy, the Swiss amateur team will be one of the most diversely gathered crews in the competition.

Renaissance Services (OMA)

Skipper: Fahad Al Hasni

The team made up of a fully Omani crew will be looking to further raise the profile of sailing in the country.

Team Mangold (GER)

Skipper: Martin Felgenhauer

With a mixture of experience, two married couples and friends, the German team are looking for a new adventure in their first Sailing Arabia race

Team Al Mouj (OMA)

Skipper: Gilles Favennec

Making their Sailing Arabia debut, the experienced Omani-French crew has veteran of the Volvo Ocean race among other major races.

Zain Sailing Team (KWT)

Skipper: Cedric Pouligny

The Kuwaiti team shocked their more experienced rivals by winning a leg and finishing third overall in 2015, leading to barrage of applications for crew memberships.​

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%3Cp%3E%3Cstrong%3EPros%3C%2Fstrong%3E%0D%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EEasy%20to%20use%20and%20require%20less%20rigorous%20credit%20checks%20than%20traditional%20credit%20options%0D%3C%2Fli%3E%0A%3Cli%3EOffers%20the%20ability%20to%20spread%20the%20cost%20of%20purchases%20over%20time%2C%20often%20interest-free%0D%3C%2Fli%3E%0A%3Cli%3EConvenient%20and%20can%20be%20integrated%20directly%20into%20the%20checkout%20process%2C%20useful%20for%20online%20shopping%0D%3C%2Fli%3E%0A%3Cli%3EHelps%20facilitate%20cash%20flow%20planning%20when%20used%20wisely%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cstrong%3ECons%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EThe%20ease%20of%20making%20purchases%20can%20lead%20to%20overspending%20and%20accumulation%20of%20debt%0D%3C%2Fli%3E%0A%3Cli%3EMissing%20payments%20can%20result%20in%20hefty%20fees%20and%2C%20in%20some%20cases%2C%20high%20interest%20rates%20after%20an%20initial%20interest-free%20period%0D%3C%2Fli%3E%0A%3Cli%3EFailure%20to%20make%20payments%20can%20impact%20credit%20score%20negatively%0D%3C%2Fli%3E%0A%3Cli%3ERefunds%20can%20be%20complicated%20and%20delayed%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cem%3ECourtesy%3A%20Carol%20Glynn%3C%2Fem%3E%3C%2Fp%3E%0A
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Champions League quarter-final, first leg

Ajax v Juventus, Wednesday, 11pm (UAE)

Match on BeIN Sports

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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.

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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.”

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'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

The specs

Engine: 3.5-litre V6

Power: 272hp at 6,400rpm

Torque: 331Nm from 5,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.7L/100km

On sale: now

Price: Dh149,000