Constantin Foia, the UAE national boxing coach, got a good look at some of his fighters for the first time during the Ramadan Festival at the Armed Forces Officers Club.
Constantin Foia, the UAE national boxing coach, got a good look at some of his fighters for the first time during the Ramadan Festival at the Armed Forces Officers Club.
Constantin Foia, the UAE national boxing coach, got a good look at some of his fighters for the first time during the Ramadan Festival at the Armed Forces Officers Club.
Constantin Foia, the UAE national boxing coach, got a good look at some of his fighters for the first time during the Ramadan Festival at the Armed Forces Officers Club.

National boxing coach likes what he sees at Ramadan Festival


Amith Passela
  • English
  • Arabic

ABU DHABI // Constantin Foia, the national coach, has earmarked most of the boxers he wants to take to the Pan Arab Games in Qatar in December after watching them in action for the first time on Saturday night.

The Romanian was ringside while many of the country's best fighters took part in the Armed Forces Officers Club Ramadan Festival.

"This is the first time I have watched them in a competition, and I have seen some with a lot of potential for the national team," said Foia, who has been on the job for only four months.

Foia said he had drawn up a shortlist for the Games in Doha, and the names will be submitted to the UAE Boxing Federation.

"The plan is to have them in a camp for two months, and then get them to participate in an international competition," he said. "However, all these decision will have to be made by the federation."

One of the boxer's Foia was pleased with was the newcomer, Saeed Mohammed Al Dhahiri, from the Fujairah Club, who lost on points to the experienced Qasim Mohammed Al Baroud of the Air Force in the 91kg and under weight division on the final night of the competition.

"He [Al Dhahiri] is one of the boxers I am quite impressed with," said Foia. "I haven't seen him before, but he definitely was one of the newcomers that caught my eye.

"He has a pretty decent technique and a very good approach. He was up against an experienced opponent and may have won had he thrown more scoring punches."

The first two finals had the spectators on the edge of their seats.

Ahmed Mohammed Al Mahrizi won a split-points decision over Ali Mohammed Al Faresi of the Air Force in the 60kg division in a bout that saw non-stop action. Al Mahrizi celebrated his narrow victory with a somersault to the loud cheers of his fans.

Saeed Al Makhini, a member of the national team squad, also won a split-points decision from Ahmed bin Hanifa of Fujairah in the 75kg in category.

Al Makhani, who was a head shorter than Hanifa, sent his opponent crashing to the canvas with a left-right combination to the head in the first round. Hanifa survived and came back strongly, using his longer reach to good advantage, but it was not enough to create an upset. In the rest of the bouts, 15-year-old Ali Fahad Al Abudi outclassed Rashid Al Nabavi, also 15, in the 49kg class; Hassan Al Madani beat Mohammed Al Masmari in the 52kg class; Ahmed Abdulla Bawadi got the better of Abdulla Salem at 91kg; Omar Al Mamari stopped Mohammed Ismail in the 81kg division; Mohammed Abdulla Madani beat Ahmed Mubarak in the 56kg category; and Mohammed Hamdan Al Mamari outpointed Ahmed Mohammed Al Zaabi in the 64kg class.

In the ice hockey tournament at the Abu Dhabi Ice Rink, Reem defeated Sadiyat 3-0 and Yas edged out Masdar 4-3. The matches continue tonight starting at 10pm.

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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.”

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

Fixtures

Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am

Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am

Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am

Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight

Russia's Muslim Heartlands

Dominic Rubin, Oxford