• Israel Adesanya celebrates his decision win over Yoel Romero. AFP
    Israel Adesanya celebrates his decision win over Yoel Romero. AFP
  • UFC 248 was the last fight night to take place, in Las Vegas on March 8, before the lockdown on sports events. Here Israel Adesanya fends off Yoel Romero during their middleweight title fight at T-Mobile Arena. AFP
    UFC 248 was the last fight night to take place, in Las Vegas on March 8, before the lockdown on sports events. Here Israel Adesanya fends off Yoel Romero during their middleweight title fight at T-Mobile Arena. AFP
  • Yoel Romero reacts at the end of his fight against Israel Adesanya. AFP
    Yoel Romero reacts at the end of his fight against Israel Adesanya. AFP
  • Israel Adesanya argues with Yoel Romero's corner after his decision win at UFC 248. AFP
    Israel Adesanya argues with Yoel Romero's corner after his decision win at UFC 248. AFP
  • Israel Adesanya is escorted out of the ring after a decision win over Yoel Romero. AFP
    Israel Adesanya is escorted out of the ring after a decision win over Yoel Romero. AFP
  • Israel Adesanya fights Yoel Romero during UFC 248 at T-Mobile Arena. Reuters
    Israel Adesanya fights Yoel Romero during UFC 248 at T-Mobile Arena. Reuters
  • Israel Adesanya lands a punch on Yoel Romero during UFC 248. Reuters
    Israel Adesanya lands a punch on Yoel Romero during UFC 248. Reuters
  • Israel Adesanya fights Yoel Romero during UFC 248 at T-Mobile Arena. Reuters
    Israel Adesanya fights Yoel Romero during UFC 248 at T-Mobile Arena. Reuters
  • Israel Adesanya and Yoel Romero during their middleweight title fight at UFC 248. Reuters
    Israel Adesanya and Yoel Romero during their middleweight title fight at UFC 248. Reuters
  • Zhang Weili celebrates her win by decision over Joanna Jedrzejczyk in the women's strawweight title fight at UFC 248. AP Photo
    Zhang Weili celebrates her win by decision over Joanna Jedrzejczyk in the women's strawweight title fight at UFC 248. AP Photo
  • Joanna Jedrzejczyk touches her swollen forehead at the end of a round during a split decision loss to Weili Zhang. AFP
    Joanna Jedrzejczyk touches her swollen forehead at the end of a round during a split decision loss to Weili Zhang. AFP
  • Weili Zhang takes a punch form Joanna Jedrzejczyk while attempting to land a kick. AFP
    Weili Zhang takes a punch form Joanna Jedrzejczyk while attempting to land a kick. AFP
  • Weili Zhang lands a punch on Joanna Jedrzejczyk during their fight at UFC 248. AFP
    Weili Zhang lands a punch on Joanna Jedrzejczyk during their fight at UFC 248. AFP
  • Weili Zhang and Joanna Jedrzejczyk trade blows during their title fight at UFC 248. AFP
    Weili Zhang and Joanna Jedrzejczyk trade blows during their title fight at UFC 248. AFP
  • Weili Zhang and Joanna Jedrzejczyk trade blows during their title fight at UFC 248. AP Photo
    Weili Zhang and Joanna Jedrzejczyk trade blows during their title fight at UFC 248. AP Photo

UFC 249: Marquee fight night planned for Las Vegas on May 9


John McAuley
  • English
  • Arabic

UFC president Dana White is forging forward with attempts to set up a marquee fight night for the sport’s potential return on May 9.

The promotion's plans to hold UFC 249 on April 18 fell apart last week when pressure from Disney and ESPN, parent company and broadcast partner, forced White to "stand down" in his bid to put on the show in the United States. The UFC have had to cancel their past four events because of the coronavirus crisis.

However, according to ESPN on Tuesday, White remains adamant the UFC will be the first sport to return to hosting live events, with a loaded card next month in the works.

Tony Ferguson, the No 1-ranked challenger in the lightweight division, is understood to have verbally agreed to take on Justin Gaethje for the interim title. The pair were supposed to meet at UFC 249 after Gaethje accepted a late offer to stand in for undisputed champion Khabib Nurmagomedov following the Russian's withdrawal.

Nurmagomedov is currently in his native Dagestan and cannot leave the country because of travel restrictions imposed there in light of the coronavirus.

A provisional line-up for the card also includes Henry Cejudo defending his bantamweight champion against former champion Dominick Cruz. Cejudo had been slated to fight Jose Aldo on May 9 at UFC 250 in Sao Paulo, Brazil, but the fight fell victim to yet more travel restrictions.

Elsewhere, women's featherweight champion Amanda Nunes, who also holds the bantamweight belt, is being lined up to defend her 145-pound title against Felicia Spencer, while the highly anticipated heavyweight bout between Francis Ngannou and Jair Rozenstruik is expected to get the go ahead, too.

White's ambitious card also features the hugely popular Donald Cerrone against Anthony Pettis. It would mark Cerrone's first return to the octagon since his 40-second loss to Conor McGregor in January.

As for location, White has confirmed he plans to host the event at the Apex training facility in Las Vegas, paving the way for subsequent shows to be staged there for the foreseeable future.

In a statement given to Variety, the UFC president said: "We built the Apex facility next door just in time to save the day from this pandemic. Live fights will be produced out of there starting next month and for the foreseeable future."

The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

CREW
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%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ECVT%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E119bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E145Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh%2C89%2C900%20(%2424%2C230)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Score

Third Test, Day 1

New Zealand 229-7 (90 ov)
Pakistan

New Zealand won the toss and elected to bat

All or Nothing

Amazon Prime

Four stars

Game Changer

Director: Shankar 

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

Rating: 2/5

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.”

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Directed by Sam Mendes

Starring Dean-Charles Chapman, George MacKay, Daniel Mays

4.5/5

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

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

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

Company Profile
Company name: OneOrder

Started: October 2021

Founders: Tamer Amer and Karim Maurice

Based: Cairo, Egypt

Industry: technology, logistics

Investors: A15 and self-funded 

if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

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Tips for used car buyers
  • Choose cars with GCC specifications
  • Get a service history for cars less than five years old
  • Don’t go cheap on the inspection
  • Check for oil leaks
  • Do a Google search on the standard problems for your car model
  • Do your due diligence. Get a transfer of ownership done at an official RTA centre
  • Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
  • Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
  • If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell

Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now