LOS ANGELES // Klay Thompson scored 32 points, fellow Splash Brother Stephen Curry added 23 and the Golden State Warriors beat the Los Angeles Clippers 115-112 on Saturday to avoid losing back-to-back games for the first time this season.
The Warriors were coming off a 32-point drubbing at Portland a night earlier that ended an 11-game winning streak. They appeared highly motivated to erase that memory from the opening tip, shooting 56 percent in the first half and twice leading by 15 points in the second quarter.
Draymond Green had his NBA-leading 11th triple-double with 18 points, 11 rebounds and 10 assists to help the defending champions improve to 49-5.
Jamal Crawford scored 25 points off the bench, Chris Paul added 24 and DeAndre Jordan had 16 points and 21 rebounds for the Clippers. They fell to 19-6 without injured Blake Griffin.
Pablo Prigioni’s 3-pointer left the Clippers trailing 115-112 with five seconds to go, long after both teams’ best players had gone to the bench. That brought Thompson, Curry, Green Harrison Barnes back in a hurry.
Andre Iguodala’s pass was stolen by C.J. Wilcox, but his panicked shot fell well short of the basket as time expired.
The Clippers again trailed by 15 early in the third when they briefly matched the Warriors basket-for-basket during a furious scoring stretch to close within five on a dunk by Jordan off Crawford’s alley-oop pass. Jordan threw down some highlight dunks that had fans roaring and Crawford scored on a one-handed scoop shot, getting fouled as he crashed to the floor and making the free throw for the three-point play.
Whiteside monstrous for Miami
Hassan Whiteside had 25 points and 23 rebounds returned from a one-game suspension to help the Miami Heat beat the Washington Wizards 114-94.
Whiteside was suspended for throwing an elbow at San Antonio center Boban Marjanovic’s head on Feb. 9.
Luol Deng had 27 points a night after scoring 30 points in a victory at Atlanta, and Goran Dragic added a season-high 24 points and had eight assists and seven rebounds. The Heat played without All-Stars Dwyane Wade and Chris Bosh for the second consecutive game.
Wade has a sore left knee.
“He had an MRI this morning,” Heat coach Erik Spoelstra said before the game. “Everything came back negative. He’ll be day-to-day from here. He’s already starting to feel better.”
Bosh is out indefinitely because of a blood clot in his left leg.
Carmelo has huge night
Carmelo Anthony had 30 points and 11 rebounds and the New York Knicks snapped a seven-game losing streak with a 103-95 victory over the Minnesota Timberwolves.
Robin Lopez had 26 points and 16 rebounds to give interim coach Kurt Rambis his first victory since taking over for the fired Derek Fisher three games ago.
Parker has huge night
Jabari Parker had career highs of 28 points and 13 rebounds, Greg Monroe added 24 points and the Milwaukee Bucks had a 117-109 double-overtime victory over the Atlanta Hawks.
Paul Millsap finished with 27 points, and Dennis Schroder had 25 for the Hawks.
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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.”
HOSTS
T20 WORLD CUP
2024: US and West Indies; 2026: India and Sri Lanka; 2028: Australia and New Zealand; 2030: England, Ireland and Scotland
ODI WORLD CUP
2027: South Africa, Zimbabwe and Namibia; 2031: India and
Bangladesh
CHAMPIONS TROPHY
2025: Pakistan; 2029: India
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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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Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)
Catchweight 75kg Leandro Martins (BRA) v Anas Siraj Mounir (MAR)
Flyweight Corinne Laframboise (CAN) v Manon Fiorot (FRA)
Featherweight Ahmed Al Darmaki (UAE) v Bogdan Kirilenko (UZB)
Lightweight Izzedine Al Derabani (JOR) v Atabek Abdimitalipov (KYG)
Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)
Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)
Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)
Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)
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The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
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Users can also invite other contacts to download ToTok to allow them to make contact through the app.
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
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Rating: 4/5
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
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7.40pm: UAE 2000 Guineas Group 3 | $250,000 (D) | 1,600m
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8.50pm: Al Maktoum Challenge Round 2 Group 2 | $450,000 (D) | 1,900m
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9.25pm: Handicap | $175,000 (T) | 1,200m
Winner: Mazzini, Adrie de Vries, Fawzi Nass
10pm: Handicap | $135,000 (T) | 1,400m.
Winner: Mubtasim, William Buick, Charlie Appleby
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
