• Deontay WilderTyson Fury get into an altercation during their press conference at the MGM Grand in Las Vegas. AFP
    Deontay WilderTyson Fury get into an altercation during their press conference at the MGM Grand in Las Vegas. AFP
  • Deontay Wilder Tyson Fury face off. AP
    Deontay Wilder Tyson Fury face off. AP
  • Heavyweights Wilder and Fury shove each other on stage. EPA
    Heavyweights Wilder and Fury shove each other on stage. EPA
  • Wilder and Fury fight on Saturday night, or Sunday morning UAE time. EPA
    Wilder and Fury fight on Saturday night, or Sunday morning UAE time. EPA
  • Wilder and Tyson Fury drew their first fight. EPA
    Wilder and Tyson Fury drew their first fight. EPA
  • Tyson Fury arrives on stage for the last press conference. EPA
    Tyson Fury arrives on stage for the last press conference. EPA
  • Deontay Wilder arrives on stage. EPA
    Deontay Wilder arrives on stage. EPA
  • Deontay Wilder shows off his WBC belt. EPA
    Deontay Wilder shows off his WBC belt. EPA
  • Wilder looks during a calmer moment on stage. AFP
    Wilder looks during a calmer moment on stage. AFP
  • It doesn't take long for the pair to clash. EPA
    It doesn't take long for the pair to clash. EPA
  • Heavyweights Wilder and Tyson Fury start to grapple. EPA
    Heavyweights Wilder and Tyson Fury start to grapple. EPA

Tyson Fury has a plan, but it might not be the right one to defeat Deontay Wilder


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Tyson Fury has been talking a good fight in Las Vegas this week. Fury has promised to come for a war, to engage his inner Raging Bull when he steps into the ring with Deontay Wilder on Saturday night at the MGM Grand Garden Arena. It seems a crazy plan. Why, after all, change something that seemed to be working so well?

For such a big man – the Englishman stands at around 6ft 9in – Fury has always relied on his movement rather than his strength. Wilder, whom he challenges for the WBC heavyweight title, is all about power. So why put yourself in harm’s way? In one way, it smacks of over confidence.

“He couldn't beat the Gypsy King on my worst night,” Fury said. “So, over a year later he ain't got no chance, I’m going to slap him around the ring no problem.”

There is a compelling case for Fury. After all, when they first met in December 2018 in Los Angeles, Fury came into the bout on two low-key fights in more than three years, having lost around 10st (63.5kg) in the previous 10 months. That was supposed to be Fury fighting to get fit, not Fury training to fight. Surely there is improvement in him.

“Last time, he trained to lose all the weight,” Frank Warren, Fury’s promoter, said. “This time he has trained to fight.”

The new game plan is supposedly the reason he dropped Ben Davison as his trainer in at the end of last year and went to Javon “Sugarhill” Steward, the nephew of the late Emanuel Steward, legendary trainer of Thomas Hearns, Lennox Lewis and Wladimir Klitschko.

If Fury is telling the truth – and there is no real reason, other than politeness, to believe he is – he thinks he has to knock Wilder out, having felt he got a raw deal from the judges in Los Angeles. Davison was reluctant to let Fury be aggressive. When he landed well in the first fight, Davison’s instinct was to implore Fury to hold back, to not get greedy.

With Steward, Fury says there has been much more emphasis on balance, on putting his weight behind his shots. There has been much more sparring too and Fury admits that he has been hit more in sparring for this fight than ever before.

Things have not gone well before when he has decided to mix it. In 2013, he boxed the much smaller Steve Cunningham in his United States debut and seemed determined to put on an exciting fight for the fans. He ended up having to climb off the floor to win.

“Wanting to go head to head with him is a bold move, but we fight fire with fire,” Fury said. “When I went at him in the first fight, though, he could not contain me. If I start doing that in round one, then he will be gassed by round five and hanging on for dear life, if he even gets that far.

“If I'm stupid enough to get hit with [Wilder’s right hand], I deserve to lose. I hit the floor last time, but I showed that I'm truly a fighting man. If he can’t finish me, I’m going to eat him up.”

He got off the canvas twice in his first fight with Wilder, something that gives both a sense of comfort. It proves, in Fury’s mind, that he can take Wilder’s best punch. For Wilder, it shows him he can hurt Fury, if the chance presents itself.

We can expect a different Wilder this time too, possibly a more patient one. Go back to 2018 and he had no real idea of what Fury he was going to face. At the forefront of his mind, though, would have been Fury’s performance against Wladimir Klitschko, when he claimed the WBA, WBO and IBF titles in Germany in 2015.

Fury frustrated Klitschko that night with tactics sometimes so negative that the champion barely threw his right hand. Wilder was determined not to fall into the same trap and was too aggressive early on, wasting punches and energy, while leaving himself open to being counter-punched.

"I don't believe anything Fury says,” Wilder said. “He is just trying to butter me up and use a lot of mind games. He did that in the first fight to try and steal rounds. I am not concerned with what I says, I am more focused on what he does. I am a man of action.

“I am planning for everything, but I think when coming forward doesn't work for him, he will resort to what he knows. He may try to come forward at first, but once he feels my power, that will stop quickly.”

It sets up for an intriguing contest. Whatever he has said, Fury’s best hope lies in working off the backfoot. If he comes out swinging, he could end badly for him. Whichever way he fights, though, it seems unlikely that he can stay away from Wilder’s power for the full 12 rounds.

PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

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%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Christopher%20McQuarrie%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tom%20Cruise%2C%20Hayley%20Atwell%2C%20Pom%20Klementieff%2C%20Simon%20Pegg%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

TWISTERS

Director: Lee Isaac Chung

Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

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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.”

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

Long read

Mageed Yahia, director of WFP in UAE: Coronavirus knows no borders, and neither should the response

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”