The Atlanta Hawks have won the first NBA Abu Dhabi Games, defeating the Milwaukee Bucks, 123-113, at Etihad Arena on Thursday.
The game took place in front of a 18,000 seat sell-out crowd that turned out to see the first of two pre-season games between the squads.
Dejounte Murray led the Hawks with 25 points, nine assists and eight rebounds, while Trae Young had 22 points and De'Andre Hunter with 17. Meanwhile, Giannis Antetokounmpo had 18 points and seven rebounds and Serge Ibaka had 15 points in a losing effort for the Bucks.
Although Atlanta stepped up in the final five minutes, it remained close between the two at halftime with the Hawks up 71-67, as Young led the scoring with 16 and two assists.
The third quarter began inwith the Hawks going on a run, stretching their lead to 14 points at one point, and gradually taking control of the game leading 101-94 heading into the fourth quarter.
Not to be outdone, though, the Bucks battled back to narrow the gap to three points before the Hawks regained control at 111-102 and forced their opponents into a timeout.
Atlanta, however, maintained their strong game in the last quarter to win the game.
Murray, in his first year with the Hawks after being traded from the San Antonio Spurs, had 19 points in the first half.
The teams play again at the Etihad Arena on Saturday night.
NBA and DCT Abu Dhabi sign multi-year partnership
Last year, the Department of Culture and Tourism — Abu Dhabi signed a multi-year partnership with the NBA to bring games to the region, starting with the pre-season games between the Atlanta Hawks and Milwaukee Bucks at Etihad Arena.
In addition to the pre-season games, the partnership includes the two teams coming together to expand basketball in the UAE and across the region. Junior NBA Leagues for boys and girls are set to launched at schools and academies throughout the Emirates, while NBA Fit clinics will encourage and promote health and wellness.
During a press conference held in Abu Dhabi on Wednesday, NBA commissioner Adam Silver shared his thoughts on the partnership.
"I think it's an opportunity to take another step forward here in terms of the game and the NBA. There's no substitute — I think we learned that during the pandemic — for being on the ground, for being with people," he said.
"Despite all the wonderful things that can happen through digital technology, there's something about having our presence here. I think for a lot of our players, many of whom have not traveled a lot, they get to see firsthand really what the Emirates and Abu Dhabi is all about. It's a very special occasion for us.
Fans who aren't able to make the games at Etihad Arena can visit the NBA District at Manarat Al Saadiyat, a week-long fan event that is running until Sunday.
“The basic premise here is that we want to inspire and connect people through the power of basketball,” George Aivazoglou, head of fan engagement and direct-to-consumer for the NBA for Europe and the Middle East, told The National.
“So obviously, we get to do that with something as big as a game, or two games, in this case. But we also know that there is only a finite number of fans we can bring into the arenas because then unfortunately, we can't fit one million fans there.”
Scroll the gallery below to see more images from NBA District at Manarat Al Saadiyat
La Mer lowdown
La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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.”
