Judoka Mohammad Samim Faizad, left, is the only member of the Afghanistan Olympic team who trains in his homeland. AFP
Judoka Mohammad Samim Faizad, left, is the only member of the Afghanistan Olympic team who trains in his homeland. AFP
Judoka Mohammad Samim Faizad, left, is the only member of the Afghanistan Olympic team who trains in his homeland. AFP
Judoka Mohammad Samim Faizad, left, is the only member of the Afghanistan Olympic team who trains in his homeland. AFP

Meet Mohammad Samim Faizad, the Olympian judoka training in Taliban-controlled Afghanistan


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Mohammad Samim Faizad is the only Olympic athlete training for the Games inside Taliban-controlled Afghanistan.

Faizad is part of a six-strong Afghanistan squad heading to Paris, including three women who are not acknowledged by the Taliban government.

Judoka Faizad is the only member of the team still living in Afghanistan and follows a rigorous regime whilst competing with the challenges of living in a country mired in poverty, recovering from war and governed by the Taliban.

"Physical fatigue subsides after 10 to 20 minutes, but mental and psychological exhaustion is much harder to overcome," Faizad told AFP.

The 22 year old works odd jobs to fund four hours of training in the Japanese martial art each day at the Afghanistan Judo Federation.

"Judo means a lot to me. One of my biggest dreams has been to someday participate in the Olympic Games."

Mohammad Samim Faizad, top, works odd jobs to fund four hours of training in the Japanese martial art each day at the Afghanistan Judo Federation. AFP
Mohammad Samim Faizad, top, works odd jobs to fund four hours of training in the Japanese martial art each day at the Afghanistan Judo Federation. AFP

The International Olympic Committee (IOC) banned Afghanistan from the Games in 1999, during the first period of Taliban rule from 1996 and 2001 when women were barred from sport.

Taliban government curbs have once again squeezed women out of sport, as well as secondary schools and universities, in strictures the United Nations describes as "gender apartheid".

A gender-balanced team of three men and three women will represent Afghanistan in Paris for the July 26-August 11 Games in a symbolic move for the first summer Olympics since the Taliban took over in Kabul.

The women will compete in athletics and cycling while their male counterparts will feature in athletics, swimming and judo.

They were selected by the International Olympic Committee (IOC) in consultation with Afghanistan's largely exiled National Olympic Committee.

Taliban officials have not been invited to attend the Paris Games.

Faizad won his spot in a Kabul tournament of more than a hundred competitors.

"I will give my hundred percent to get the gold medal for my country," said Faizad, who has practised judo for 14 years and is 446th in the men's world rankings.

The Taliban government have campaigned to be the country's only representatives at diplomatic forums but in sport have been less dogmatic, praising teams that play under the old flag.

"We don't want to mix politics and sports," Atal Mashwani, the spokesman of the Taliban government's sports directorate, told AFP.

However he insisted that "only three athletes are representing Afghanistan" at the Olympics, refusing to acknowledge the women competitors.

He added that with time "the flag issues will be solved".

"The flag of the ruling government will be waved in international sports events," he said.

Afghan judo fighter Mohammad Samim Faizad, right, takes part in a training session at the Afghanistan Judo Federation in Kabul. AFP
Afghan judo fighter Mohammad Samim Faizad, right, takes part in a training session at the Afghanistan Judo Federation in Kabul. AFP

Afghanistan first appeared at the 1936 Olympics in Berlin and have won only two bronze medals, both in taekwondo.

"In Afghanistan, there aren't many opportunities for sport," said Faizad.

"We don't have standard clubs to train properly, but we do our best."

The Paris Olympics will be Faizad's first international competition -- but with the Taliban government unrecognised by any other nation, the trip is difficult and complicated.

Most embassies in Afghanistan were evacuated during the Taliban takeover and Faizad must travel to neighbouring Iran to apply for his visa.

"Whether I win or not, and if I return to Afghanistan empty-handed, I will train to be ready for the 2028 Olympic Games," he added.

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.”

World Series

Game 1: Red Sox 8, Dodgers 4
Game 2: Red Sox 4, Dodgers 2
Game 3: Saturday (UAE)

* if needed

Game 4: Sunday
Game 5: Monday
Game 6: Wednesday
Game 7: Thursday

Company%20profile
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What is an FTO Designation?

FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes. 

It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.

Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.

Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.

Source: US Department of State

Your rights as an employee

The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.

The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.

If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.

Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.

The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
NBA Finals results

Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Five personal finance podcasts from The National

 

To help you get started, tune into these Pocketful of Dirham episodes 

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Balance is essential to happiness, health and wealth 

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What is a portfolio stress test? 

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What are NFTs and why are auction houses interested? 

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How gamers are getting rich by earning cryptocurrencies 

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Should you buy or rent a home in the UAE?  

Updated: July 18, 2024, 6:06 AM