Legendary Kuwaiti shooter Fehaid Al Deehani has refused to carry the International Olympic Committee (IOC) neutral team flag at the Rio Olympics opening ceremony, where the nation’s athletes cannot march behind their own emblem.
Kuwait is suspended by the IOC and other leading federations such as Fifa, football’s world body, over government interference in sport.
Despite last-minute calls for dialogue to get the Kuwait government to make a concession, Al Deehani, winner of Kuwait’s only Olympic medals, and seven other athletes are resigned to having to compete in Rio as so-called Independent Olympic Athletes.
According to Kuwaiti media, the IOC asked Al Deehani, who took trap shooting bronze medals at the 2000 Sydney and 2012 London Games, to carry the Olympic neutral team flag.
But the Kuwait army officer turned down the request.
“I am a military man and I will only carry the Kuwait flag,” he said. “I cannot carry the IOC flag.”
The IOC and Fifa have now suspended Kuwait three times since 2007 over government interference.
The latest dispute has caused anguish across the country, pitting the government even against global sporting powerbroker Sheikh Ahmad Al Fahad Al Sabah, a member of the IOC and Fifa, who is from Kuwait.
The government has launched court action in Switzerland seeking $1 billion (Dh3.67b) in damages from the IOC over its suspension, which Youth and Information Minister Sheikh Salman Al Humoud Al Sabah has called “unjustifiable”.
The Court of Arbitration for Sport has already ruled against the government, and a UN envoy’s efforts to mediate have also come to nothing.
The Kuwait parliament amended its controversial sports law in June, but the government still has the power to dissolve sports associations and federations.
The Kuwait Olympic Committee on Sunday called on the government to start dialogue in a last-gasp bid to get the Kuwait flag in to the Rio opening ceremony.
Hussein Al Mussallam, vice chairman of the committee’s legal and international relations commission, told AFP it was time “to sit down together and review things in a positive way”.
He said: “The interests of Kuwaiti athletes should come above all else.
“I am speaking on behalf of the KOC and not in the name of international organisations.
“The time has come in front of everyone, the Kuwaiti government and the ministry for youth and sports, the Kuwait Olympic Committee and the Olympic Movement Kuwait to sit together for the national interest and for Kuwait to return as it was.”
Al Mussallam also appealed for all sides to “stay away from personal issues”.
“The Olympic movement has a role to deal with the government in the interest of sport. The government has to hear the point of view of international organizations and the United Nations and the opinion of the Kuwaiti Olympic movement.”
The official said that Kuwaiti athletes want to compete in Rio “under the flag of our country, so we demand the sports minister respond to the advice of the International Olympic Committee and to stop the implementation of the conflicting articles in the Kuwaiti sports law”.
Al Deehani is one of six shooters in the Kuwaiti delegation of neutral athletes. The others are Saud Habib Al Kandari, Abdul Rahman Fayhan, Khaled Al Mudhaf, Ahmad Al Afasy and Abdallah Al Toraqi.
Fencer Abdulaziz Al Shatti and swimmer Abbas Al Qali make up the eight waiting for an end to the battle.
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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Normal People
Sally Rooney, Faber & Faber
Cryopreservation: A timeline
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Killing of Qassem Suleimani
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Kyrgyzstan v Qatar, 5.45pm
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Squad
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What are the influencer academy modules?
- Mastery of audio-visual content creation.
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Russia's Muslim Heartlands
Dominic Rubin, Oxford
The bio
Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district
Was a middle distance state athletics champion in school
Enjoys driving to Fujairah and Ras Al Khaimah with family
His dream is to continue working as a social worker and help people
Has seven diaries in which he has jotted down notes about his work and money he earned
Keeps the diaries in his car to remember his journey in the Emirates
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.
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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.
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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: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
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How much do leading UAE’s UK curriculum schools charge for Year 6?
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The specs: 2017 Maserati Quattroporte
Price, base / as tested Dh389,000 / Dh559,000
Engine 3.0L twin-turbo V8
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'Champions'
Director: Manuel Calvo
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Singham Again
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