• Conor McGregor celebrates his first round TKO victory against Donald Cerrone in a welterweight bout during UFC246 at T-Mobile Arena in Las Vegas in January. AFP
    Conor McGregor celebrates his first round TKO victory against Donald Cerrone in a welterweight bout during UFC246 at T-Mobile Arena in Las Vegas in January. AFP
  • Conor McGregor celebrates his win against Donald Cerrone. Reuters
    Conor McGregor celebrates his win against Donald Cerrone. Reuters
  • Conor McGregor hugs Donald Cerrone after his first round TKO victory in their welterweight bout during UFC246 at T-Mobile Arena in Las Vegas, Nevada. AFP
    Conor McGregor hugs Donald Cerrone after his first round TKO victory in their welterweight bout during UFC246 at T-Mobile Arena in Las Vegas, Nevada. AFP
  • Conor McGregor moves in for a hit against Donald Cerrone during UFC 246 at T-Mobile Arena in Las Vegas. Reuters
    Conor McGregor moves in for a hit against Donald Cerrone during UFC 246 at T-Mobile Arena in Las Vegas. Reuters
  • Conor McGregor fights Donald Cerrone in a welterweight bout during UFC 246 at T-Mobile Arena. AFP
    Conor McGregor fights Donald Cerrone in a welterweight bout during UFC 246 at T-Mobile Arena. AFP
  • Conor McGregor throws a right against Donald Cerrone in the first round in their welterweight bout during UFC 246 at T-Mobile Arena. AFP
    Conor McGregor throws a right against Donald Cerrone in the first round in their welterweight bout during UFC 246 at T-Mobile Arena. AFP
  • Conor McGregor lands a kick to the face of Donald Cerrone. AFP
    Conor McGregor lands a kick to the face of Donald Cerrone. AFP
  • Conor McGregor punches Donald Cerrone in a welterweight bout during UFC 246 at T-Mobile Arena. AFP
    Conor McGregor punches Donald Cerrone in a welterweight bout during UFC 246 at T-Mobile Arena. AFP
  • Donald Cerrone waits for the start of his welterweight bout against Conor McGregor. AFP
    Donald Cerrone waits for the start of his welterweight bout against Conor McGregor. AFP
  • Conor McGregor reacts before taking on Donald Cerrone in their welterweight bout during UFC 246 at T-Mobile Arena. AFP
    Conor McGregor reacts before taking on Donald Cerrone in their welterweight bout during UFC 246 at T-Mobile Arena. AFP

Abu Dhabi in line to host Conor McGregor v Dustin Poirier after Dana White admits bout likely to take place on UFC Fight Island


John McAuley
  • English
  • Arabic

UFC president Dana White says Conor McGregor’s comeback in January will take place on Fight Island, to this point held in Abu Dhabi, “if everything goes according to plan”.

The rematch between McGregor and Dustin Poirier, scheduled as the main event for UFC 257 on January 23 – January 24 in the UAE – has moved a step closer following White's confirmation to ESPN early on Wednesday that Poirier had signed off on the deal.

White told the American outlet that McGregor had been sent the bout agreement but had yet to sign. The Irishman has already verbally agreed to the fight.

“It’s not true that the fight is booked. Dustin is signed, but Conor hasn’t received or signed his bout agreement," White told ESPN. "We sent the bout agreement to Conor today, but nothing is done yet.

"Jan 23 on Fight Island if everything goes according to plans. There are a ton of if’s right now. I have to see where the world is in the next couple of months.”

The UFC recently concluded its second Fight Island series in Abu Dhabi following the hugely successful inaugural residency in July. "Return to Fight Island" featured five events, beginning with UFC 253 on September 27 and concluding with Khabib Nurmagomedov's emotional victory against Justin Gaethje on October 25. Given public heath guidelines put in place because of the pandemic, all shows were staged without fans in attendance.

White told The National last month that he expected Fight Island to return to Abu Dhabi in February, and that it would most likely include spectators at events. The new, 18,000 Etihad Arena is expected to host the UFC's next run in the capital. However, it remains unclear if McGregor-Poirier would head a one-off event or form part of a Fight Island series.

A former two-division champion, McGregor has not fought since his 40-second TKO victory against Donald Cerrone in January. He had intended to compete three times this year, but the pandemic and an impasse with the UFC put paid to his plans. In June, McGregor announced he was retiring from the sport.

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Exclusive: Dana White on fans returning in Abu Dhabi and McGregor-Poirier

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In a post on Instagram on Wednesday morning, in which he referred to his initial bout with Poirier in 2014 as “a real turning point in my career”, McGregor said: “I am very grateful to be about to return and get to do what I love again.

"I look forward to the fresh test Dustin will bring since our first bout, while also showcasing my own incredibly deep cache of weaponry. Whatever tool is needed on the night will be pulled from the duffel.

“I am also really excited about aiding Dustin’s charity ‘The Good Fight Foundation’, which through the donation, will build a gym/premise for disadvantaged youth in his childhood hometown.

“I truly love this, and pledge to match the donation on a premise in my own childhood hometown! Both spots with an ode to the upcoming bout. Excellent stuff! See you guys soon.”

Poirier, whom McGregor defeated by first-round TKO six years ago, last competed in June, when he triumphed against Dan Hooker by unanimous decision.

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UFC Fight Island 2 recap

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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.”