Tunisia's Ahmed Jaouadi after winning his 800m freestyle heat at Paris La Defense Arena on July 29, 2024. Getty Images
Tunisia's Ahmed Jaouadi after winning his 800m freestyle heat at Paris La Defense Arena on July 29, 2024. Getty Images
Tunisia's Ahmed Jaouadi after winning his 800m freestyle heat at Paris La Defense Arena on July 29, 2024. Getty Images
Tunisia's Ahmed Jaouadi after winning his 800m freestyle heat at Paris La Defense Arena on July 29, 2024. Getty Images

Tunisian swimmer Ahmed Jaouadi seals 800m freestyle final spot in style at Paris Olympics


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Tunisian teenager Ahmed Jaouadi produced a sensational performance on Monday to secure his spot in the 800m freestyle final at Paris La Defense Arena.

The 19-year-old won his heat in 7:42.07, smashing his personal best by three seconds and recording the second-fastest time going into Tuesday's final.

Only Ireland's Daniel Wiffen posted a quicker time across the heats – at 7:41.53 which was just .25 off Mykhailo Romanchuk's Olympic record – and Jaouadi, who trains in France, will have his eyes on a podium finish despite going into the competition as No 10 seed.

But he will also be up against Italy's three-time Olympic medallist Gregorio Paltrinieri and reigning champion Bobby Finke of the US, who qualified third and fifth, respectively.

Jaouadi's latest performance continues a rapid upwards trajectory this year that has seen him consistently improve on his PB with his last time of 7:45.31 having only been clocked at the French Elite Championships in June.

Tunisia has a strong tradition in the distance freestyle events and Jaouad will be joining some of his country's most successful swimmers of all-time should he come home from Paris with a medal, most notably Ahmed Hafnaoui and Ous Mellouli who were both double world champions who secured three Olympic golds between them.

In boxing, there was disappointment for Jordan's Obada Al Kasbeh, who exited at the last-16 stage of the 63.5kg competition following a unanimous 5-0 defeat to home favourite Sofiane Oumiha.

Al Kasbeh, 29, qualified for this round by beating Ireland's Dean Clancy but was in deep with the slick Oumiha who is among the favourites for gold.

The Jordanian fighter looked to put the pressure on but was caught regularly and cleanly by the fleet-footed Oumiha who delighted in boxing off the back foot. Rounds one and two both ended in a 4-1 split in favour of Oumiha who was then able to skirt the outside of the ring and stay out of trouble as Al Kasbeh looked to turn the tables in the third.

A packed crowd at the North Paris Arena in Seine-Saint-Denis cheered every time Oumiha landed and roared him to a decisive victory.

The Frenchman, also 29, will face Hungary's Richard Kovacs in the next round after he defeated Harry Garside of Australia earlier in the day. Should Oumiha make it to the semi-finals, he could meet the exciting Uzbekistani fighter Ruslan Abdullaev, who also posted an emphatic win in his opening bout.

Meanwhile, Al Kasbeh's teammate Hussein Ishaish will make his Paris 2024 debut on Tuesday when he enters the 80kg competition at the last-16 stage.

Ishaish was given a bye in the first round and will take on Croatia's Gabrijel Veocic for a place in the quarter-finals.

Hussein's younger brother Zeyad has already produced perhaps the biggest shock of the boxing tournament so far when he upset gold medal favourite Aslanbek Shymbergenov from Kazakhstan in the 71kg category.

Zeyad Ishaish, 25, will now face Japan's Sewon Okazawa, the 2021 world gold medal winner at welterweight, for a place in the quarter-finals on Wednesday.

Should he get that far then he will meet either Lewis Richardson of Team GB or Serbia's Vakhid Abbasov.

Ishaish and Okazawa have met three times previously with the Japanese fighter leading the head-to-head 2-1. He won their first fight five years ago but Ishaish has improved markedly since then. Their two most recent bouts were shared one win apiece and both settled by split decision.

Egypt's Mohamed Hamza saw his medal bid in the men's individual foil ended at the quarter-final stage by Italy's Filippo Macchi.

Hamza had already posted two impressive victories over Poland's Jan Jurkiewicz and then Carlos Llavador of Spain to raise hopes of a podium finish in Paris.

But ultimately Macchi proved too strong as he wrapped up a 15-9 win to reach the last four.

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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.”

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club:

1st ODI, Wednesday, April 10

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

Sri Lanka-India Test series schedule
  • 1st Test India won by 304 runs at Galle
  • 2nd Test Thursday-Monday at Colombo
  • 3rd Test August 12-16 at Pallekele
The specs

Price, base: Dh228,000 / Dh232,000 (est)
Engine: 5.7-litre Hemi V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km

The Cairo Statement

 1: Commit to countering all types of terrorism and extremism in all their manifestations

2: Denounce violence and the rhetoric of hatred

3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC  

4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.

5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.

6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi

Yadoo’s House Restaurant & Cafe

For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.

Golden Dallah

For the cappuccino, luqaimat and aseeda.

Al Mrzab Restaurant

For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.

Al Derwaza

For the fish hubul, regag bread, biryani and special seafood soup. 

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Match info

Uefa Nations League Group B:

England v Spain, Saturday, 11.45pm (UAE)

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GROUPS AND FIXTURES

Group A
UAE, Italy, Japan, Spain

Group B
Egypt, Iran, Mexico, Russia

Tuesday
4.15pm
: Italy v Japan
5.30pm: Spain v UAE
6.45pm: Egypt v Russia
8pm: Iran v Mexico

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

Updated: July 30, 2024, 7:08 AM