Not many teenagers can claim to have already represented their country in a sport at international level, let alone in two.
Maitha Al Nyadi, 17, a Grade 12 pupil from Al Qadsiya School in Abu Dhabi, became the first Emirati female to win an international medal in judo when she bagged a bronze at the Cadets Asian Cup in Hong Kong in 2017.
The same year she recorded an eighth-placed finish at the Archery World Cup in Marrakech. The National Olympic Committee has shortlisted Maitha for the Asian Games in Jakarta and Palembang from August 18 to September 2.
She also happens to be the country's undisputed muay thai champion.
Maitha has some important decisions to make over the next few weeks. She is sitting her final examinations at Al Qadsiya and then must decide whether to accept a scholarship at the Tokai University in Japan or continue her education at home.
“I’m finishing my final year at school and have already submitted my papers to Tokai University, but again, haven’t made a final decision,” said Maitha, who has previously attended camps at the university in Tokyo in 2014 and 2016.
“When I weigh up the options, realistically Japan seems to be the place I need to be to If I want to fulfill my sporting ambitions. Joining Tokai University comes to my mind first because for the simple reason I want to pursue my judo with the objective of representing my country at the Olympics.
“Judo is my first love and then comes archery and muay thai. If I decide to go to Japan, I’ll take up computer programming for my academics and if I decide to stay back I’ll take up criminology at the Police Academy."
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'They feel they belong here': judo and ice hockey federations welcome decree to allow expats to represent UAE
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Nasser Al Tamimi, general secretary of the UAE Wrestling, Judo and Kickboxing Federation, says Maitha has long been earmarked as a future Olympian.
“We have long term plans for her,” he said. “She’s young and has a bright future ahead. We are investing in her for the Olympics, maybe Tokyo 2020, if not Paris 2024.”
“At the Tokai University she can complete both her higher education and work on her high performance training in judo.”
Maitha is one of seven children. Her two younger brothers Hamdan, 16, and Mohammed, 15, followed her into judo but have now moved to muay thai full time. She recalls how she was encouraged to take up martial arts at a young age by her father.
"I tried her hand in many martial arts sports including karate, kung-fu and jiu-jitsu but I liked judo the best," she said.
“My father took me to the gym where they practiced these martial arts and wanted me to have a go at them. I was about six or seven, I loved judo the best.
“My family has been very supportive and have given me all the encouragement to pursue my sports."
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.”
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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In numbers
- Number of children under five will fall from 681 million in 2017 to 401m in 2100
- Over-80s will rise from 141m in 2017 to 866m in 2100
- Nigeria will become the world’s second most populous country with 791m by 2100, behind India
- China will fall dramatically from a peak of 2.4 billion in 2024 to 732 million by 2100
- an average of 2.1 children per woman is required to sustain population growth
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
THE%20SPECS
%3Cp%3EBattery%3A%2060kW%20lithium-ion%20phosphate%3Cbr%3EPower%3A%20Up%20to%20201bhp%3Cbr%3E0%20to%20100kph%3A%207.3%20seconds%3Cbr%3ERange%3A%20418km%3Cbr%3EPrice%3A%20From%20Dh149%2C900%3Cbr%3EAvailable%3A%20Now%3C%2Fp%3E%0A
Simran
Director Hansal Mehta
Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey
Three stars
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