Dustin Poirier says he is ready to achieve greatness as he seeks to become the first man to defeat Khabib Nurmagomedov when the two clash in Abu Dhabi next week – an opportunity he declared he will not let slip through his fingers.
The American, 30, goes up against the unbeaten Russian at UFC 242 on September 7 in their headline lightweight unification fight, which takes place at the newly constructed The Arena on Yas Island.
It marks the promotion’s return to the UAE capital for the first time in five years.
Unbeaten in his past six bouts, Poitier defeated compatriot Max Holloway in April to land the interim belt and set up the meet with lightweight champion Nurmagomedov, who boasts a blemish-free record of 27 victories from 27 professional fights. Poirier, meanwhile, has 25 wins from 31 pro outings.
And, with little more than one week to fight night, "The Diamond" says he is intent on grasping an opportunity of a lifetime.
“It means everything to me,” Poirier said during a conference call early on Wednesday. “How many times in our lives or in our careers do we have a chance to really do something great?
“These guys are building an arena for us to compete in; I’m travelling across the world in the biggest fight that I can get possible, and going out there to do something that’s never been done.
“I have an opportunity for greatness and I’m approaching it that way and I’m very excited about all of this. I can’t wait, honestly. I’m very anxious to get the fight week rolling.”
Given his record and profile, Nurmagomedov goes into the bout as favourite and should enjoy the majority of support, too.
The Dagestan native, considered by many the greatest wrestler in UFC history, is a devout Muslim and regular visitor to the UAE.
Poirier, though, insists the underdog status will not faze him.
“I’ve been counted out a lot of times,” he said. “This is just another fight where people are counting me out once again, and for good reason, right?
"The guy is undefeated, we’re travelling across the world into a place where we would say he’s more favoured there, but I’m embracing this.
“I’m going to go out there and do what hasn’t been done and put a loss on Khabib’s record for all the underdogs across the world.
"I’m going to show that if you believe, if you work hard enough, if you’re focused enough, if you’re determined enough, in that 25 minutes you can be great.
“I have a real opportunity to be great, with everyone watching and do something that’s never been done. And I will not let this slip through my fingers.”
Nurmagomedov, also 30, has not fought since last October’s submission victory against Conor McGregor in Las Vegas, when a post-bout brawl resulted in his nine-month suspension and a US$500,000 (Dh1.83 million) fine.
In contrast, Poirier competed as recently as five months ago – the decision win against Holloway – although he doesn’t anticipate Nurmagomedov’s inactivity to be a factor.
“It’s more of an individual thing - everyone is different,” Poirier said. “Ring rust is a thing people toss around, but it’s more individualised. It depends how hard you’re working in the gym and how focused you are and how ready to compete you are.
“And I believe Khabib is one of the guys who works year round and is always working on his craft. I think he’s going to be the best he’s ever been come September 7."
Poirier added: "I’m excited to be part of this show, to be headlining this show. This is a monumental fight in my career and in mixed martial arts history. It’s just amazing. I love the story; I love the path that I had to take to get here.
"Dreams come true if you work your butt [sic] off and chase your dreams. You can do whatever you set out to do and, right now, I've set out to defeat Khabib Nurmagomedov on September 7."
Fifa Club World Cup:
When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The%20Beekeeper
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First Person
Richard Flanagan
Chatto & Windus
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TECH%20SPECS%3A%20APPLE%20IPHONE%2014%20PLUS
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MATCH INFO
Uefa Nations League
League A, Group 4
Spain v England, 10.45pm (UAE)
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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.”
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
Have you been targeted?
Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:
1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.
2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.
3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.
4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.
5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
if you go
The flights
Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.
The hotel
Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.
The tour
Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg
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Defending champions
World Series: South Africa
Women’s World Series: Australia
Gulf Men’s League: Dubai Exiles
Gulf Men’s Social: Mediclinic Barrelhouse Warriors
Gulf Vets: Jebel Ali Dragons Veterans
Gulf Women: Dubai Sports City Eagles
Gulf Under 19: British School Al Khubairat
Gulf Under 19 Girls: Dubai Exiles
UAE National Schools: Al Safa School
International Invitational: Speranza 22
International Vets: Joining Jack
Mohammed bin Zayed Majlis
Company profile
Name: Fruitful Day
Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie
Based: Dubai, UAE
Founded: 2015
Number of employees: 30
Sector: F&B
Funding so far: Dh3 million
Future funding plans: None at present
Future markets: Saudi Arabia, potentially Kuwait and other GCC countries
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
RIDE%20ON
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Stage 5 results
1 Tadej Pogacar (SLO) UAE Team Emirates 3:48:53
2 Alexey Lutsenko (KAZ) Astana Pro Team -
3 Adam Yates (GBR) Mitchelton-Scott -
4 David Gaudu (FRA) Groupama-FDJ 0:00:04
5 Ilnur Zakarin (RUS) CCC Team 0:00:07
General Classification:
1 Adam Yates (GBR) Mitchelton-Scott 20:35:04
2 Tadej Pogacar (SlO) UAE Team Emirates 0:01:01
3 Alexey Lutsenko (KAZ) Astana Pro Team 0:01:33
4 David Gaudu (FRA) Groupama-FDJ 0:01:48
5 Rafał Majka (POL) Bora-Hansgrohe 0:02:11