D4G Promotions, the company who brought Saturday’s high-profile “Legacy” boxing event to Dubai, is targeting at least another two world-title fights for the emirate this year.
The weekend’s event, staged at Caesars Palace Bluewaters, was billed as the biggest night of boxing to be held in the UAE, with Jamel Herring’s WBO super-featherweight clash against Carl Frampton the headline. Herring stopped the former two-division world champion in the sixth round to retain his belt.
The night, held in front of a limited crowd because of Covid-19 protocols, also featured wins for fast-rising American Keyshawn Davis and Filipino four-weight world champion Donnie Nietes, while Emirati Fahad Al Bloushi and Dubai-based Indian Faizan Anwar also fought on the undercard. The event was broadcast on ESPN+ in the United States and Channel 5 in the UK and Ireland.
D4G Promotions promoter Ahmed A Seddiqi, who has been involved in boxing in the UAE for almost a decade, said his company is seeking to put on another world title fight this summer and then one at the end of the year, with possibility another to come, too.
"The plan is to keep on going on, because now we've started we can never stop," Seddiqi told The National. "Because if we stop then the sport or whatever we've worked on in the past decade is going to go to waste. So we have to keep moving forward, bring on more world title fights.
“We plan to bring at least three to Dubai this year itself [including Saturday’s event]. Of course, I’m not talking ‘super fights’, Canelo [Alvarez] or Tyson Fury, because that’s a very high cost. But eventually we will reach there, once we see the momentum, once the government sees the impact boxing has on the city, then we hope the support comes from the higher government levels to bring such events.
“But for us, in terms of continuity and keeping up the momentum, we’re not stopping. Nothing is going to keep us from that. We’ll keep getting similar-level fights or even better, and go on to build a proper fan base in the country. That’s the target. Because at the moment people are still not used to boxing, they’re just used to the high, high-level fights. But here we want to grow it from the grassroots."
Keen also to promote both local and locally based boxers, D4G Promotions have organised a number of events since their first live televised professional fight at Emirates Golf Club in April 2019. Since then, they have organised a fight night in Kazakhstan and four “Rotunda Rumble” events, which also were staged at Caesars Palace. The most recent was last October.
Seddiqi said he was “very close” to "Legacy" taking place at the Coca-Cola Arena, and that the desire exists to stage shows there later this year, public health guidelines permitting.
“Depending on the regulations, we are ready to have it in the big arenas,” he said. “And we’re very confident that it doesn’t need to be a ‘super fight’ for us to fill an arena. The proper exposure, the proper support from government entities, will make that happen. And I believe if we get a, for example, Nietes fighting at the Coca-Cola Arena, we could easily fill it, with the proper price point.
“He’s a Filipino legend and appeals to a huge community here. As you saw on the card, since Day 1 I’ve always liked to have multinational fighters to cater to as many nationalities as we can. Dubai has more than 200 nationalities. It would be a big deal to have him fight here for a world title and continue his legacy – not only for the Filipino community.
“And then we have to sit with promoters to discuss what other fights make sense here. Because those world-title fights that we’re planning, we want to bring fighters that attract people to come watch them from abroad. The focus is to bring fighters to attract their fan base to travel and come to Dubai to see this marvellous city. We need to give back to our city as well.”
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Men's football draw
Group A: UAE, Spain, South Africa, Jamaica
Group B: Bangladesh, Serbia, Korea
Group C: Bharat, Denmark, Kenya, USA
Group D: Oman, Austria, Rwanda
The years Ramadan fell in May
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The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
23-man shortlist for next six Hall of Fame inductees
Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.
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Killing of Qassem Suleimani
Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.