• Flag bearer Yousuf Almatrooshi of the United Arab Emirates leads his contingent during the athletes' parade at the opening ceremony.
    Flag bearer Yousuf Almatrooshi of the United Arab Emirates leads his contingent during the athletes' parade at the opening ceremony.
  • Flag bearer Yousuf Almatrooshi of Team United Arab Emirates leads the team out during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearer Yousuf Almatrooshi of Team United Arab Emirates leads the team out during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Members of the United Arab Emirates Team are seen during the opening ceremony of the Tokyo 2020 Olympic Games.
    Members of the United Arab Emirates Team are seen during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearer Yousuf Almatrooshi of Team United Arab Emirates during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearer Yousuf Almatrooshi of Team United Arab Emirates during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Hannah Mills and Mohamed Sbihi of Team Great Britain lead their team out during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Hannah Mills and Mohamed Sbihi of Team Great Britain lead their team out during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Italy's delegation parade during the opening ceremony of the Tokyo 2020 Olympic Games.
    Italy's delegation parade during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Harmanpreet Singh and Mary Kom Hmangte of India lead their contingent in the athletes parade during the opening ceremony.
    Flag bearers Harmanpreet Singh and Mary Kom Hmangte of India lead their contingent in the athletes parade during the opening ceremony.
  • Flag bearers Hedaya Wahba and Alaaeldin Abouelkassem of Team Egypt during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Hedaya Wahba and Alaaeldin Abouelkassem of Team Egypt during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Cate Campbell and Patty Mills of Team Australia lead their team during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Cate Campbell and Patty Mills of Team Australia lead their team during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Anna Korakaki and Eleftherios Petrounias of Team Greece lead their team in during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Anna Korakaki and Eleftherios Petrounias of Team Greece lead their team in during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Flag bearers Yusra Mardini and Tachlowini Gabriyesos of the Refugee Olympic Team lead their team out during the opening ceremony of the Tokyo 2020 Olympic Games.
    Flag bearers Yusra Mardini and Tachlowini Gabriyesos of the Refugee Olympic Team lead their team out during the opening ceremony of the Tokyo 2020 Olympic Games.
  • Performers are seen during the opening ceremony of the Tokyo 2020 Olympic Games.
    Performers are seen during the opening ceremony of the Tokyo 2020 Olympic Games.
  • President of the International Olympic Committee Thomas Bach and Japan's Emperor Naruhito wave during the opening ceremony of the Tokyo 2020 Olympic Games.
    President of the International Olympic Committee Thomas Bach and Japan's Emperor Naruhito wave during the opening ceremony of the Tokyo 2020 Olympic Games.
  • The Japanese flag is raised as the national anthem is sung during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    The Japanese flag is raised as the national anthem is sung during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Performers are seen during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    Performers are seen during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Performers in action during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    Performers in action during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Performers dance during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    Performers dance during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • A performer is seen acting during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    A performer is seen acting during the Opening Ceremony of the Tokyo 2020 Olympic Games.
  • Fireworks explode during the opening ceremony.
    Fireworks explode during the opening ceremony.
  • Fireworks illuminate over the National Stadium during the opening ceremony of 2020 Tokyo Olympics.
    Fireworks illuminate over the National Stadium during the opening ceremony of 2020 Tokyo Olympics.
  • Fireworks illuminate over the National Stadium during the opening ceremony of the 2020 Tokyo Olympics in Tokyo, Japan.
    Fireworks illuminate over the National Stadium during the opening ceremony of the 2020 Tokyo Olympics in Tokyo, Japan.
  • Members of staff hold signage inside the stadium before the opening ceremony.
    Members of staff hold signage inside the stadium before the opening ceremony.
  • Kabuki actor Nakamura Kankuro lights an Olympic cauldron during the arrival ceremony for the Olympic torch in Tokyo, Japan.
    Kabuki actor Nakamura Kankuro lights an Olympic cauldron during the arrival ceremony for the Olympic torch in Tokyo, Japan.
  • An Olympic flame torch.
    An Olympic flame torch.
  • The Blue Impulse Japan Air Self-Defence Force aerobatic display team fly over the Tokyo Metropolitan Government building during the arrival ceremony for the Olympic torch.
    The Blue Impulse Japan Air Self-Defence Force aerobatic display team fly over the Tokyo Metropolitan Government building during the arrival ceremony for the Olympic torch.
  • People watch a performance by Blue Impulse.
    People watch a performance by Blue Impulse.
  • People take photos of the Japan air force aerobatic squadron Blue Impulse.
    People take photos of the Japan air force aerobatic squadron Blue Impulse.
  • A general view outside the stadium as fireworks are let off during the Opening Ceremony of the Tokyo 2020 Olympic Games.
    A general view outside the stadium as fireworks are let off during the Opening Ceremony of the Tokyo 2020 Olympic Games.

Olympic Games opening ceremony under way in Tokyo


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The opening ceremony of the 2020 Olympic Games finally got under way on Friday after being delayed a year due to the coronavirus pandemic.

Eight years after Japanese newscasters shed tears as Tokyo celebrated winning the right to stage the Games, the ceremony is taking place before empty stands and with the city in a state of emergency.

A ring of steel has been erected around the Olympic Stadium, meaning the excited locals, who were due to be a part of the ceremony until the decision to ban spectators from the Games was made earlier this month, were left to watch those lucky enough to be allowed in from behind fences.

With more than 11,000 athletes arriving from 207 nations for the event, a bio-secure bubble has been set-up to try to keep the action flowing in the Japanese capital during the next two weeks.

Athletes, support staff and media are subject to strict Covid-19 protocols, including regular testing and daily health checks.

Japan's Emperor Naruhito is set to declare the opening of the Games, reprising the role of his grandfather who opened the last Tokyo Olympics in 1964.

Those Games were enthusiastically embraced in Japan and abroad, and heralded a new era for the nation after it emerged from the devastation of Second World War and was on its way to becoming an economic powerhouse.

This time, the Tokyo Olympics have been greatly complicated by the Covid-19 pandemic and battered by a series of scandals. Public opinion polls consistently show that a majority of Japanese are against holding the event during the pandemic.

Traditionally a highlight of any Summer Games, featuring the parade of nations and the lighting of the Olympic cauldron, Tokyo's opening ceremony will be drastically pared back.

Fewer than 1,000 dignitaries and officials will be present at the stadium. Most world leaders have opted to stay away, though US First Lady Jill Biden and French President Emmanuel Macron — whose country will host the 2024 Paris Olympics — will attend.

A few hundred protesters demonstrated against the Games on Friday morning near the Tokyo government building where governor Yuriko Koike welcomed the Olympic flame.

“Even though the pandemic continues, we will hold a safe and secure Games,” Koike said. “We are determine to see it through. Today is the first step towards that.”

There was also plenty of enthusiasm outside the 68,000-seat stadium in the hours before the ceremony, as hundreds of people gathered hoping to soak up the atmosphere and watch the fireworks expected during the extravaganza.

Mako Fukuhara arrived six hours before the ceremony to grab a spot. “We're here for the atmosphere, the light-up and the fireworks,” she told AFP. “Until now it didn't feel like the Olympics, but now we are by the stadium, it feels like the Olympics!”

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Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Who are the Sacklers?

The Sackler family is a transatlantic dynasty that owns Purdue Pharma, which manufactures and markets OxyContin, one of the drugs at the centre of America's opioids crisis. The family is well known for their generous philanthropy towards the world's top cultural institutions, including Guggenheim Museum, the National Portrait Gallery, Tate in Britain, Yale University and the Serpentine Gallery, to name a few. Two branches of the family control Purdue Pharma.

Isaac Sackler and Sophie Greenberg were Jewish immigrants who arrived in New York before the First World War. They had three sons. The first, Arthur, died before OxyContin was invented. The second, Mortimer, who died aged 93 in 2010, was a former chief executive of Purdue Pharma. The third, Raymond, died aged 97 in 2017 and was also a former chief executive of Purdue Pharma. 

It was Arthur, a psychiatrist and pharmaceutical marketeer, who started the family business dynasty. He and his brothers bought a small company called Purdue Frederick; among their first products were laxatives and prescription earwax remover.

Arthur's branch of the family has not been involved in Purdue for many years and his daughter, Elizabeth, has spoken out against it, saying the company's role in America's drugs crisis is "morally abhorrent".

The lawsuits that were brought by the attorneys general of New York and Massachussetts named eight Sacklers. This includes Kathe, Mortimer, Richard, Jonathan and Ilene Sackler Lefcourt, who are all the children of either Mortimer or Raymond. Then there's Theresa Sackler, who is Mortimer senior's widow; Beverly, Raymond's widow; and David Sackler, Raymond's grandson.

Members of the Sackler family are rarely seen in public.

Klopp at the Kop

Matches 68; Wins 35; Draws 19; Losses 14; Goals For 133; Goals Against 82

  • Eighth place in Premier League in 2015/16
  • Runners-up in Europa League in 2016
  • Runners-up in League Cup in 2016
  • Fourth place in Premier League in 2016/17
INDIA%20SQUAD
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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The bio:

Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.

Favourite food: My mum’s Chinese cooking.

Favourite film: Robocop, followed by The Terminator.

Hobbies: Off-roading, scuba diving, playing squash and going to the gym.

 

LUKA CHUPPI

Director: Laxman Utekar

Producer: Maddock Films, Jio Cinema

Cast: Kartik Aaryan, Kriti Sanon​​​​​​​, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana

Rating: 3/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Liverpool 4-1 Shrewsbury

Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')

Shrewsbury
Udoh (27'minutes)

Man of the Match: Kaide Gordon (Liverpool)

JAPANESE GRAND PRIX INFO

Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday 

Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Five films to watch

Castle in the Sky (1986)

Grave of the Fireflies (1988)

Only Yesterday (1991)

Pom Poki (1994)

The Tale of Princess Kaguya (2013)

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.”

Points classification after Stage 4

1. Arnaud Demare (France / FDJ) 124

2. Marcel Kittel (Germany / Quick-Step) 81

3. Michael Matthews (Australia / Sunweb) 66

4. Andre Greipel (Germany / Lotto) 63

5. Alexander Kristoff (Norway / Katusha) 43

Fifa%20World%20Cup%20Qatar%202022%20
%3Cp%3E%3Cstrong%3EFirst%20match%3A%20%3C%2Fstrong%3ENovember%2020%0D%3Cbr%3E%3Cstrong%3EFinal%2016%20round%3A%20%3C%2Fstrong%3EDecember%203%20to%206%0D%3Cbr%3E%3Cstrong%3EQuarter-finals%3A%20%3C%2Fstrong%3EDecember%209%20and%2010%0D%3Cbr%3E%3Cstrong%3ESemi-finals%3A%20%3C%2Fstrong%3EDecember%2013%20and%2014%0D%3Cbr%3E%3Cstrong%3EFinal%3A%20%3C%2Fstrong%3EDecember%2018%3C%2Fp%3E%0A
ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Jetour T1 specs

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Power: 254hp

Torque: 390Nm

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The nine articles of the 50-Year Charter

1. Dubai silk road

2.  A geo-economic map for Dubai

3. First virtual commercial city

4. A central education file for every citizen

5. A doctor to every citizen

6. Free economic and creative zones in universities

7. Self-sufficiency in Dubai homes

8. Co-operative companies in various sectors

­9: Annual growth in philanthropy

Updated: July 23, 2021, 11:47 AM