Renan Barao celebrates after beating Urijah Faber to retain his title belt on Saturday night. Tim Larsen / AP
Renan Barao celebrates after beating Urijah Faber to retain his title belt on Saturday night. Tim Larsen / AP

Renan Barao retains 135-pound belt with dominant win over Urijah Faber



Renan Barao made quick work of Urijah Faber in his latest title defence, dropping the challenger with a right and pummelling him with a series of shots to the head while retaining his 135-pound championship in the main event of UFC 169 on Saturday night.

Barao won via TKO at 3:22 in the first round and had Faber in all kinds of trouble from the start. Referee Herb Dean stopped the fight once Barao pounced on Faber and pounded away on The California Kid. Barao has defeated Faber twice.

Jose Aldo retained his 145-pound championship via unanimous decision over Ricardo Lamas in the co-main event. Alistair Overeem beat Frank Mir by UD in a battle of former MMA heavyweight champions at the sold-out Prudential Center for UFC’s Super Bowl weekend show.

Faber dropped to 0-for-6 as the challenger in title bouts since 2008. He choked out Michael McDonald just six weeks ago on a UFC on Fox card, and was pressed into service for Saturday night when injury-prone Dominick Cruz pulled out with a torn groin.

Barao rocked him with big rights and never allowed Faber a chance to recover.

“You get caught with punches, man,” Faber said. “I just wish I had more of a chance.”

Aldo ran his UFC record to 6-0 on the strength of a series of leg kicks from the opening round. He was only in trouble once, late in the fifth when Lamas finally landed a series of strikes and elbows to the champ. Lamas couldn’t finish him and his flurry came too late in the bout.

Aldo has won 14 in a row in both UFC and World Extreme Cage Fighting.

The two smaller weight-class fights headlined a card that featured a heavyweight bout that could have main evented a PPV five years ago.

Overeem, the former Strikeforce heavyweight champion, stayed away from the ground game and toyed with Mir for three rounds. He bloodied the former UFC heavyweight champion early in the three-round bout and connected with a hard right in the third. Overeem’s corner yelled at him to “take your time,” and he tried to play it safe with so much on the line.

Overeem snapped a two-fight losing streak and won for the first time since he beat former heavyweight champ Brock Lesnar at UFC 141.

“I proved to everybody I’m back tonight,” Overeem said. “Frank is a very experienced fighter, his game plan was to take me down, but I’m a well-rounded fighter too so I dominated him. This victory has motivated me a lot to go back to the gym and get ready for fighting again.”

With rumours swirling that Lesnar, now with the WWE, might want a UFC return, Overeem stood inside the cage and told the crowd he’d welcome the challenge.

“I’ll be here waiting for him,” Overeem said.

At 34, Mir may have fought inside the UFC octagon for the last time. Mir has dropped four straight bouts and this match was considered a deciding factor for the UFC to keep either fighter. Mir put up almost no fight and was on his back for a good chunk of the bout. UFC President Dana White refused this week to proclaim Mir-Overeem a “loser leaves town” bout, but said both fighters needed a great fight to stick around. Mir failed to deliver.

The UFC ditched Las Vegas for the Prudential Center for its traditional Super Bowl weekend show. The UFC invaded the New York-New Jersey area and piggybacked on Super Bowl week with rousing success. The main event fighters were invited to the NFL’s media day and the UFC even hit Madison Square Garden for its own media day – staging it at a venue the promotion can’t run because of New York’s MMA ban.

With New York closed to MMA, UFC 169 is already the fifth card the Las Vegas-based promotion has run in the Prudential Center since it opened in 2007.

The UFC switched its traditional Super Bowl show from Las Vegas to New Jersey at the request of broadcast partner, Fox.

The Prudential Center is less than 10 miles away from MetLife Stadium, the site of Sunday’s Super Bowl. There were a few fans in Broncos jerseys and one fan near the cage held up a neon Seahawks sign that brightened his part of the darkened arena.

Abel Trujilo opened the PPV card with a crushing right hand that knocked Jamie Varner out cold at 2:32 of the second round. Varner went down in face-first heap that had the crowd going wild. Ali Bagautinov used some late-fight theatrics in his unanimous decision win over John Lineker. Bagautinov flexed and gave Lineker the thumbs down sign as he turned him over and flattened him on the mat.

SPECS
%3Cp%3EEngine%3A%20Supercharged%203.5-litre%20V6%0D%3Cbr%3EPower%3A%20400hp%0D%3Cbr%3ETorque%3A%20430Nm%0D%3Cbr%3EOn%20sale%3A%20Now%0D%3Cbr%3EPrice%3A%20From%20Dh450%2C000%0D%3Cbr%3E%3C%2Fp%3E%0A
Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital

The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press

JOKE'S%20ON%20YOU
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The%20specs
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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.”

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
COMPANY%20PROFILE
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Bert van Marwijk factfile

Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder

Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia

Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands

No%20Windmills%20in%20Basra
%3Cp%3EAuthor%3A%20Diaa%20Jubaili%3C%2Fp%3E%0A%3Cp%3EPages%3A%20180%3C%2Fp%3E%0A%3Cp%3EPublisher%3A%20Deep%20Vellum%20Publishing%C2%A0%3C%2Fp%3E%0A
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Specs%20
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TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel

Essentials

The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes. 
 

Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes. 


In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes. 
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.

Ahmed Raza

UAE cricket captain

Age: 31

Born: Sharjah

Role: Left-arm spinner

One-day internationals: 31 matches, 35 wickets, average 31.4, economy rate 3.95

T20 internationals: 41 matches, 29 wickets, average 30.3, economy rate 6.28

WRESTLING HIGHLIGHTS
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
The specs: 2018 Honda City

Price, base: From Dh57,000
Engine: 1.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 118hp @ 6,600rpm
Torque: 146Nm @ 4,600rpm
Fuel economy, combined: 5.8L / 100km

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5