Russian curler Alexander Krushelnitsky failed a drugs test during the Winter Olympics having made the 'Olympic Athletes for Russia' team. Aaron Favila / AP Photo
Russian curler Alexander Krushelnitsky failed a drugs test during the Winter Olympics having made the 'Olympic Athletes for Russia' team. Aaron Favila / AP Photo

No Russia flag at closing ceremony as IOC votes to keep Olympic ban for doping



Russian athletes will not be able to march behind their flag at the Pyeongchang Winter Games closing ceremony after the International Olympic Committee (IOC) voted unanimously to keep the country's ban for mass doping.

But the IOC said the suspension could be lifted later if no further positive drug tests come out of the Games, after two Russians tested positive for doping in Pyeongchang.

Russia was banned in December from taking part in the 2018 Olympics following revelations of widespread drug-cheating, but 168 athletes deemed "clean" were allowed to compete as neutrals.

They were representing "Olympic Athletes from Russia" under strict guidelines including a ban on Russia's national flag, national colours and the Russian national anthem.

The vote to keep the ban followed a recommendation from the IOC's executive board, which met Saturday and early Sunday to thrash out Russia's fate.

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Read more:

Winter Olympics 2018 Day 15 - in pictures

Russian bobsledder admits anti-doping violation

Swiss win inaugural team gold, Norway set medals record
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The IOC "could have considered lifting the suspension given that the Olympic Athletes from Russia (OAR) had respected the IOC's decision of December 5," IOC president Thomas Bach said.

"However, two Russian athletes tested positive for doping here in Pyeongchang. This was hugely disappointing and does not permit the IOC to envisage lifting the suspension of Russia for the closing ceremony."

The IOC vote means that Russia will never be recorded as having taken part in the Pyeongchang Games despite the fact that the 168 Russians represented the fourth biggest delegation at the Games.

Nicole Hoevertsz, the IOC member who led a group charged with monitoring the behaviour of the Russians at the Games, praised their conduct.

"They have followed the spirit of the executive board decision (of December) throughout the entire period of the Games," she said.

However, taking into account the two doping violations at the Games, she recommended that the ban be kept because they represented a "violation" of the executive board guidelines for the OAR's participation.

Russians Alexander Krushelnitsky, a bronze medallist in mixed doubles curling, and bobsledder Nadezhda Sergeyeva were kicked out of the Pyeongchang Olympics after testing positive for banned substances.

Stanislav Pozdnyakov, head of the Russian delegation, had earlier blamed "negligence rather than malicious intent" for the positive tests in a bid to have the suspension lifted for Sunday's closing ceremony.

The Russian situation, stemming from systemic doping culminating at the 2014 Winter Olympics in Sochi, overshadowed the build-up to Pyeongchang with dozens of Russian athletes filing legal challenges in a bid to take part in the games.

Just hours before the opening ceremony on February 9, 47 Russians implicated in doping lost a last-minute court bid to compete in South Korea.

Russia's suspension in December follows the uncovering of a doping conspiracy that involved secret agents at Sochi, where host nation Russia topped the medals table.

Investigations revealed an elaborate ploy where tainted Russian urine samples were switched with clean ones overnight using a "mousehole" in the wall of the Sochi anti-doping laboratory.

Russia has denied any government links to the conspiracy. But the IOC has suspended its former sports minister, Deputy Prime Minister Vitaly Mutko, for life.

MATCH INFO

Manchester City 2 (Mahrez 04', Ake 84')

Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)

Man of the match: Jamie Vardy (Leicester City)

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NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

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Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

UAE Premiership

Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Fixture
Friday, March 29, Abu Dhabi Harlequins v Jebel Ali Dragons, The Sevens, Dubai

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.”

2.0

Director: S Shankar

Producer: Lyca Productions; presented by Dharma Films

Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey

Rating: 3.5/5 stars

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

MATCH INFO

Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

'Doctor Strange in the Multiverse Of Madness' 

   

 

Director: Sam Raimi

 

Cast: Benedict Cumberbatch, Elizabeth Olsen, Chiwetel Ejiofor, Benedict Wong, Xochitl Gomez, Michael Stuhlbarg and Rachel McAdams

 

Rating: 3/5

 
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
KEY DEVELOPMENTS IN MARITIME DISPUTE

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.