• Justin Gaethje lands a shot on Tony Ferguson in their interim lightweight title fight during UFC 249. AFP
    Justin Gaethje lands a shot on Tony Ferguson in their interim lightweight title fight during UFC 249. AFP
  • Justin Gaethje of the United States celebrates after defeating compatriot Tony Ferguson in their interim lightweight title fight during UFC 249 at VyStar. Getty
    Justin Gaethje of the United States celebrates after defeating compatriot Tony Ferguson in their interim lightweight title fight during UFC 249 at VyStar. Getty
  • Tony Ferguson (red gloves) fights Justin Gaethje during UFC 249 at VyStar Veterans Memorial Arena in Jacksonville, Florida. Getty
    Tony Ferguson (red gloves) fights Justin Gaethje during UFC 249 at VyStar Veterans Memorial Arena in Jacksonville, Florida. Getty
  • Justin Gaethje punches Tony Ferguson in their interim lightweight title fight during UFC 249. AFP
    Justin Gaethje punches Tony Ferguson in their interim lightweight title fight during UFC 249. AFP
  • Justin Gaethje lands a blow on Tony Ferguson during their fight at UFC 249. Reuters
    Justin Gaethje lands a blow on Tony Ferguson during their fight at UFC 249. Reuters
  • Tony Ferguson kicks Justin Gaethje in their interim lightweight title fight during UFC 249. AFP
    Tony Ferguson kicks Justin Gaethje in their interim lightweight title fight during UFC 249. AFP
  • Justin Gaethje lands a punch on Tony Ferguson at UFC 249. Reuters
    Justin Gaethje lands a punch on Tony Ferguson at UFC 249. Reuters
  • Justin Gaethje punches Tony Ferguson in their interim lightweight title fight during UFC 249. AFP
    Justin Gaethje punches Tony Ferguson in their interim lightweight title fight during UFC 249. AFP
  • Henry Cejudo, left, of the United States is announced winner over compatriot Dominick Cruz of their bantamweight title fight during UFC 249. AFP
    Henry Cejudo, left, of the United States is announced winner over compatriot Dominick Cruz of their bantamweight title fight during UFC 249. AFP
  • Henry Cejudo, left, fights Dominick Cruz in an all-American fight at VyStar Veterans Memorial Arena in Jacksonville, Florida. AFP
    Henry Cejudo, left, fights Dominick Cruz in an all-American fight at VyStar Veterans Memorial Arena in Jacksonville, Florida. AFP
  • Henry Cejudo poses with his bantamweight title belt won at the UFC 249 on Saturday night in Florida. AFP
    Henry Cejudo poses with his bantamweight title belt won at the UFC 249 on Saturday night in Florida. AFP
  • Jeremy Stephens, right, of the United States fights fellow American Calvin Kattar in their featherweight bout at UFC 249. AFP
    Jeremy Stephens, right, of the United States fights fellow American Calvin Kattar in their featherweight bout at UFC 249. AFP
  • Calvin Kattar, left, knocks down Jeremy Stephens at the VyStar Veterans Memorial Arena in Jacksonville, Florida. AFP
    Calvin Kattar, left, knocks down Jeremy Stephens at the VyStar Veterans Memorial Arena in Jacksonville, Florida. AFP
  • Anthony Pettis, right, kicks Donald Cerrone in their welterweight fight during UFC 249 at VyStar Veterans Memorial Arena in Jacksonville, Florida. AFP
    Anthony Pettis, right, kicks Donald Cerrone in their welterweight fight during UFC 249 at VyStar Veterans Memorial Arena in Jacksonville, Florida. AFP
  • Members of the media watch the Heavyweight fight between Aleksei Oleinik of Russia and Fabricio Werdum of Brazil during UFC 249 at VyStar Veterans Memorial Arena in Jacksonville, Florida. AFP
    Members of the media watch the Heavyweight fight between Aleksei Oleinik of Russia and Fabricio Werdum of Brazil during UFC 249 at VyStar Veterans Memorial Arena in Jacksonville, Florida. AFP
  • Calvin Kattar punches Jeremy Stephens even as his rival falls at the VyStar Veterans Memorial Arena. AFP
    Calvin Kattar punches Jeremy Stephens even as his rival falls at the VyStar Veterans Memorial Arena. AFP
  • Greg Hardy, right, of the United States punches Yorgan De Castro of Cape Verde in their UFC 249 heavyweight fight. AFP
    Greg Hardy, right, of the United States punches Yorgan De Castro of Cape Verde in their UFC 249 heavyweight fight. AFP
  • Anthony Pettis, left, and Donald Cerrone during their welterweight fight in Jacksonville, Florida. AFP
    Anthony Pettis, left, and Donald Cerrone during their welterweight fight in Jacksonville, Florida. AFP

UFC 249: Justin Gaethje sets sights on Khabib Nurmagomedov after impressive TKO win over Tony Ferguson


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Newly crowned interim champion Justin Gaethje called out Khabib Nurmagomedov following a career-highlight victory against Tony Ferguson at UFC 249 on Sunday.

The American, who went into the headline bout in Jacksonville, Florida as a slight underdog, defeated Ferguson by TKO in the fifth round in a hugely dominant performance.

Ferguson, significantly bloodied and bruised by the conclusion, suffered his first loss in 13 fights - a run stretching back eight years.

Gaethje is now expected to face undefeated lightweight champion Nurmagomedov next, with the fight maybe even taking place in Abu Dhabi later this year.

Speaking in the octagon immediately afterwards, Gaethje said:  "There's no other challenge I want right now. I want to fight him."

Ngannou lands KO of the night

Despite the absence of a crowd, the fights that made up UFC 249 lacked nothing in intensity, with Francis Ngannou scoring the knockout of the night, blitzing Jairzinho Rozenstruik with a left hook to force a stoppage after just 20 seconds of the first round.

Sam Alvey was the first fighter into the empty arena on the night, pointing and high-fiving the imaginary crowd as he made his way to the cage where he fell to a decision loss to Ryan Spann in the evening's opening fight on the prelim card.

Apart from the fighters, the referees and the commentators, event staff wore face masks and only one corner-man per fighter was allowed into the cage in the breaks between rounds.

"It was funny, I could hear a lot. Everybody out there I could hear really clearly, but at the same time ... it wasn't much different than if the crowd were there," Vicente Luque told reporters following his stoppage win over Niko Price.

Such was the silence that Luque was able to hear the commentators, and heavyweight Greg Hardy said he was able to take the advice of TV commentator Daniel Cormier to counter Yorgan De Castro's leg kicks en route to a decision victory.

Cejudo calls it a day

In the co-main event, Henry Cejudo retained his bantamweight belt with a second-round stoppage win over Dominick Cruz before immediately retiring in the octagon. The 33-year-old, who won a gold medal for wrestling at the 2008 Olympics, has said he was happy with his career and that he wanted to start a family.

Returning after a long layoff, former champ Cruz was dropped with a knee to the head and suffered the first knockout of his career with just two seconds left in the second round.

However, the biggest prize of the night went to Gaethje, who is now next in line to face Nurmagomedov for the undisputed lightweight crown.

"I'll wait for the real one," Gaethje said as he tossed the interim belt aside moments after it was put around his waist.

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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.”

UAE%20v%20West%20Indies
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Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra