Ricardo Evangelista, on his way to victory over Pedro Duarte, in the open final at the Armed Forces Officers Club in Abu Dhabi. Mona Al-Marzooqi/ The National
Ricardo Evangelista, on his way to victory over Pedro Duarte, in the open final at the Armed Forces Officers Club in Abu Dhabi. Mona Al-Marzooqi/ The National

Sport continues to grab attention



ABU DHABI // Officials often throw out cliches about their sport getting “bigger and better” with each passing event, but with UAE jiu-jitsu it seemingly is a reality.

The sport, growing as quickly as any in the Emirates, has yet to show any signs of slowing down.

The 2013/14 season concluded with the two-day Ramadan Cup No-Gi competition at the Armed Forces Officers Club (AFOC) on Saturday and a new season is set to commence in September. “What we see now is quality on the mat and a growing audience at the competitions,” said Fahad Ali Al Shamsi, chief executive of the UAE Jiu-Jitsu Federation.

“We had a great season with not only the ever-increasing participation in the competitions, but close and exciting competitions. If you take the Emirati fighters, they are now ready to compete in any world-class event.

“The school programme has been an overwhelming success, drawing more than 30,000 children. The growth is not confined to one segment. There is a significant increase in the number of training centres around the country. If you see today there are youth, men, women, both Emiratis as well as expatriates, practicing the martial art.”

Faisal Al Ketbi, the Emirati fighter, had to be satisfied with a semi-final defeat in the Ramadan Cup Open division, his first competition since turning black belt.

The Brazilian Pedro Duarte overcame Al Ketbi with a sweep before losing to compatriot Ricardo Evangelista in the final.

“This was my first time at the AFOC Games, and I am so happy to have won this medal,” Evangelista said. “It was very hard, as all the guys were tough.

“In these types of competitions, you can’t take anything easy. I remained focused during the match and executed my strategies well.”

Duarte, 39, has been a coach for more than two decades and arrived in Abu Dhabi six months ago.

“I have been all over Europe for more than 10 years, but I can say Abu Dhabi is the only place in the world where jiu-jitsu has developed so fast and facilitates people from every walk of life,” he said.

“My fight with Faisal was very tough and close. He is a good example of the emerging Emirati fighters in the world circuit.

“It was his first competition in the black belt, which had only the open-weight category, so reaching the semi-final was a good achievement for him.”

The Russian Abdulrakhman Bilarov was the winner of the open division in the brown belt over Jordanian Zaid Saad Sami.

“It feels good to win this medal, especially in a place like Abu Dhabi, where the sport is big,” Bilarov said.

“I compete in a lot of the competitions in Abu Dhabi, because I want to fight against the best, and in this Ramadan tournament, it is no different.”

Ahmed Suhail Al Ketbi completed a double by winning the masters blue-purple belt 76-kilogram weight division and the open class for the only two gold medals for the UAE on the night.

Russian participants dominated the 20-bout card by grabbing nine gold medals.

apassela@thenational.ae

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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 
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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

The specs

Engine: 1.6-litre 4-cyl turbo and dual electric motors

Power: 300hp at 6,000rpm

Torque: 520Nm at 1,500-3,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.0L/100km

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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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Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

The specs

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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

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On sale: Available for preorder now

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

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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