MMA superstar Conor McGregor was arrested on Tuesday for alleged dangerous driving in his home town of Dublin.
The Irish former two-weight UFC world champion was arrested for "alleged road traffic violations", his spokesperson said on Thursday.
Footage was shared on Twitter of the fighter being followed by police while driving his £140,000 Bentley Continental GT on a motorway in Dublin.
The video shows police sirens being turned on before McGregor is pulled over. He was taken to a police station and his supercar was seized but was later handed back to him.
The 33-year-old was charged with dangerous driving and is due to appear in court next month.
"Mr McGregor was driving to the gym when he was stopped by gardai [Irish police force] for alleged road traffic violations," his spokesperson said.
"He passed the drug and alcohol tests taken at the station."
Celebrity fans at Floyd Mayweather v Conor McGregor fight - in pictures
In a statement, the police said: "Gardai arrested a man aged in his 30s in relation to an incident of dangerous driving in the Palmerstown area yesterday evening, Tuesday, March 22, 2022.
"The man was taken to Lucan Garda Station where he was later charged. He has been released pending an appearance before Blanchardstown District Court at a later date."
McGregor has been training for a comeback and has not fought since losing to American Justin Poirier at UFC 264 in July last year.
McGregor broke his leg in the first round of the bout, the third clash between the two fighters.
The Irishman had to take an enforced six-month layoff due to his broken tibia but is training again and reportedly keen to face the winner of the Justin Gaethje and Charles Oliveira fight in May.
'The Notorious' made his UFC debut in 2013 with a first-round TKO win over Marcus Brimage.
He won the UFC unified featherweight world title in 2015 by knocking out Brazilian Jose Aldo in the first round.
McGregor beats Jose Aldo to become world champion - in pictures
In 2016, he won the lightweight world crown by beating American Eddie Alvarez by TKO.
He took a break from MMA after the birth of his first child. He then faced the legendary Floyd Mayweather Jr in the boxing ring in 2017, losing by TKO in the 10th round. Mayweather reportedly picked up $280 million for the fight and McGregor $130.
In 2018, he lost by fourth-round submission to Dagestan's Khabib Nurmagomedov for the UFC Lightweight Championship.
In January 2021, he came to the UAE for a rematch with Poirier, losing at the Etihad Arena in Abu Dhabi by TKO in the second round. He was later defeated in the trilogy bout with Poirier in July that year.
MATCH INFO
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Founded: September, 2020
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A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Killing of Qassem Suleimani
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
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The Bloomberg Billionaire Index in full
1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
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What is an ETF?
An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.
There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.
The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.
There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.
While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash.
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ATP RANKINGS (NOVEMBER 4)
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2. Novak Djokovic (SRB) 8,945 (-1)
3. Roger Federer (SUI) 6,190
4. Daniil Medvedev (RUS) 5,705
5. Dominic Thiem (AUT) 5,025
6. Stefanos Tsitsipas (GRE) 4,000 ( 1)
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8. Matteo Berrettini (ITA) 2,670 ( 1)
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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.”
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Our legal advisor
Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.
Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation.
Education: Sagesse University, Beirut, Lebanon, in 2005.
PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
Brighton 1
Gross (50' pen)
Tottenham 1
Kane (48)
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