Of all the anticipated benefits of London Wasps and Harlequins decamping to the Middle East to play their forthcoming LV Cup match, the chance to escape the winter blues is uppermost in the minds of the players.
The London rivals will play a group match of the Anglo-Welsh competition at a temporary, 5,000-seat stadium at Emirates Palace hotel on January 30.
A professional fixture in the 15-a-side code has never been played on these shores, and this is the first time a competitive British fixture will have been played outside the United Kingdom.
Top-class rugby is not alien to the UAE's rugby public, given the annual Dubai Rugby Sevens, yet the fare on show at Emirates Palace might be rather different.
While the abridged version is fast-paced and dotted with tries, the 15s game is often more attritional, especially during the cold-winter months when the pitches are usually least suited to a running game.
However, Ben Jacobs, the Wasps centre and captain, believes the chance to swap the UK's brutal winter for the sun of Abu Dhabi will prompt a switch to attacking rugby.
"Hopefully, the crowd will get to see plenty of tries in this game," Jacobs said.
"When we played them last week it was a battle of attrition amongst the forwards. They came off the field saying how hard it had been for 80 minutes.
"With the weather and climate in Abu Dhabi, I would expect to see much more running rugby and an entertaining game for the fans. We are all looking forward to getting out into the sun, training hard and playing this very important LV Cup game."
The make-up of both teams will differ from those seen when Harlequins beat Wasps 17-10 in the Aviva Premiership at the weekend.
Both will be shorn of their England contingent, meaning Wasps will have to do without two of their most potent attacking weapons, scrum-half Joe Simpson and centre Riki Flutey.
However, the nominal home team will still have some pace to call on, in the form of two former Dubai Rugby Sevens stars, Tom Varndell and Richard Haughton, the Wasps wingers.
"This is Wasps against Harlequins - a fixture steeped in tradition - so I guarantee nobody will be holding back when we step onto that pitch," Jacobs said. "Everyone knows how important the local rivalry between [the two teams] is, and we hope the fans out in Abu Dhabi get behind the teams.
"A cup game like this gives a chance for some of the younger players to break into the team. These are the type of hungry young players who are looking to get a starting place."
pradley@thenational.ae
Tickets on sale
Tickets are on sale for the biggest rugby match ever staged in Abu Dhabi – the January 30 game at the Emirates Palace hotel between London rivals Wasps and Harlequins. The LV Cup match, which will be televised worldwide, will be the first time a competitive British rugby union fixture has been staged abroad and is seen as another milestone in Abu Dhabi’s emergence as a capital of major international sport. Tickets are being sold at Etihad’s Abu Dhabi outlets in Al Wahda Mall, Khalidiya Mall, Madinat Zayed and Marina Mall, as well as the Etihad store in Dubai’s Marina Mall. Tickets also are available at the main reception and the west wing beach club at Emirates Palace, and will be sold on the evenings of January 20 and 27 at the Zayed Sports City headquarters of Abu Dhabi Harlequins. Grandstand tickets are Dh200 for adults and Dh100 for those under age 16. Standing tickets are Dh100 for adults and Dh50 for under-16s. Abu Dhabi Harlequins will play Dubai Wasps as a prelude to the Wasps-Harlequins match. The first game starts at 5pm; the second, which will be played under floodlights, at 7.15pm.
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
The%20trailblazers
%3Cp%3ESixteen%20boys%20and%2015%20girls%20have%20gone%20on%20from%20Go-Pro%20Academy%20in%20Dubai%20to%20either%20professional%20contracts%20abroad%20or%20scholarships%20in%20the%20United%20States.%20Here%20are%20two%20of%20the%20most%20prominent.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EGeorgia%20Gibson%20(Newcastle%20United)%3C%2Fstrong%3E%0D%3Cbr%3EThe%20reason%20the%20academy%20in%20Dubai%20first%20set%20up%20a%20girls%E2%80%99%20programme%20was%20to%20help%20Gibson%20reach%20her%20potential.%20Now%20she%20plays%20professionally%20for%20Newcastle%20United%20in%20the%20UK.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMackenzie%20Hunt%20(Everton)%3C%2Fstrong%3E%0D%3Cbr%3EAttended%20DESS%20in%20Dubai%2C%20before%20heading%20to%20the%20UK%20to%20join%20Everton%20full%20time%20as%20a%20teenager.%20He%20was%20on%20the%20bench%20for%20the%20first%20team%20as%20recently%20as%20their%20fixture%20against%20Brighton%20on%20February%2024.%0D%3C%2Fp%3E%0A
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.
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ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.