• Egypt's Mohamed Safwat plays a return to Bulgaria's Grigor Dimitrov during their men's singles first round match at the 2018 French Open. Getty
    Egypt's Mohamed Safwat plays a return to Bulgaria's Grigor Dimitrov during their men's singles first round match at the 2018 French Open. Getty
  • Egyptian tennis player Mohamed Safwat is preparing for the Tokyo Olympics.
    Egyptian tennis player Mohamed Safwat is preparing for the Tokyo Olympics.
  • Egypt's Mohamed Safwat plays a return to Bulgaria's Grigor Dimitrov at the 2018 French Open. Getty
    Egypt's Mohamed Safwat plays a return to Bulgaria's Grigor Dimitrov at the 2018 French Open. Getty
  • Egypt's Mohamed Safwat at the 2018 French Open. Getty
    Egypt's Mohamed Safwat at the 2018 French Open. Getty
  • Mohamed Safwat qualified for a grand slam main draw for the first time in his career at the 2020 Australian Open. Samer Alrejjal
    Mohamed Safwat qualified for a grand slam main draw for the first time in his career at the 2020 Australian Open. Samer Alrejjal
  • Mohamed Safwat is the first Egyptian to win a Challenger since Tamer El Sawy in 1996. Samer Alrejjal
    Mohamed Safwat is the first Egyptian to win a Challenger since Tamer El Sawy in 1996. Samer Alrejjal
  • Mohamed Safwat has been Egypt’s top-ranked ATP player for over a decade.
    Mohamed Safwat has been Egypt’s top-ranked ATP player for over a decade.
  • Mohamed Safwat's preparations for the Tokyo Olympics have been severely affected by the pandemic.
    Mohamed Safwat's preparations for the Tokyo Olympics have been severely affected by the pandemic.
  • France's Gael Monfils shakes hands with Egypt's Mohamed Safwat after winning his ATP tennis match at the Dubai Duty Free Championships on February 27, 2017. Getty
    France's Gael Monfils shakes hands with Egypt's Mohamed Safwat after winning his ATP tennis match at the Dubai Duty Free Championships on February 27, 2017. Getty
  • Egyptian tennis player Mohamed Safwat is preparing for the Tokyo Games.
    Egyptian tennis player Mohamed Safwat is preparing for the Tokyo Games.
  • Mohamed Safwat is trying to the get the best preparation for the Tokyo Olympics.
    Mohamed Safwat is trying to the get the best preparation for the Tokyo Olympics.
  • Mohamed Safwat said representing Egypt at the Olympics and Davis Cup fill him with pride.
    Mohamed Safwat said representing Egypt at the Olympics and Davis Cup fill him with pride.

Olympic Dreams: Mohamed Safwat feeling good as he makes history in Egyptian tennis


Reem Abulleil
  • English
  • Arabic

As part of our build-up to the Tokyo Olympics we will be profiling Arab athletes and para-athletes, as well as those from the Mena region hoping to make it to this summer's Games

When Mohamed Safwat made history in August 2019 by becoming the first Egyptian man to qualify for the tennis event at the Tokyo Olympics, he said that achievement “unlocked something” within him.

About a year and a half ago, a month shy of his 29th birthday, Safwat flew to Morocco to compete at the African Games, knowing that a gold medal in men’s singles would secure him a spot at the Olympics in 2020.

He was the highest ranked player there and was the outright favourite to top the podium. A week later, Safwat walked away from Rabat with the gold medal and a spot in Tokyo, living up to the expectations and rising above the pressure to mark an unprecedented feat by an Egyptian male tennis player.

In women's singles at the Moroccan capital, Mayar Sherif also grabbed gold and punched her ticket to Tokyo alongside Safwat, to guarantee two Egyptians would make history for their nation when the Olympics came around.

A few months later, Safwat qualified for a Grand Slam main draw for the first time in his career at the 2020 Australian Open. His only previous main draw appearance at a major had come as a lucky loser at Roland Garros in 2018, but this time, he made it through by defeating three quality opponents at Melbourne Park.

It made him the first Egyptian since Ismail El Shafei in 1978 to feature in an Australian Open main draw.

Safwat lost a four-setter in the first round in Melbourne but shook off the disappointment in tremendous fashion by storming to his maiden Challenger title in Launceston, Australia two weeks later. His success there saw him become the first Egyptian to win a Challenger since Tamer El Sawy in 1996 and took him to a career-high No 130 in the world rankings.

“Qualifying for the Olympics was one of the things that gave me a big boost. Winning the African Games gave me a lot of confidence, it unlocked something in me and it was a turning point in my career,” Safwat, 30 said.

It was February 2020 and Safwat was ready to keep riding that wave of momentum with his eyes firmly fixed on making his top-100 debut and improving his form so he could perform well at the Tokyo Olympics in the summer.

Unfortunately, the world came to a screeching halt four weeks later due to the pandemic and Safwat spent five long months alone in Cairo, without his coach, and unable to train properly.

When the tennis tour resumed end of summer, he was short on prep and lost in the opening round in seven consecutive tournaments.

It was already November, which is when most players choose to shut down their seasons to take a short break and start preparing for the following year, but Safwat refused to end his 2020 that way.

His coach, former world No 17 Gilbert Schaller, was unable to travel with him because of the pandemic, so Safwat decided to have a trial period with Dejan Zlicar, a Croatian coach from the acclaimed Good to Great Academy in Sweden. They went to Brazil together for two Challenger tournaments and Safwat won three of his last five matches of the season to make sure he ended the year on a somewhat positive note.

Instead of taking a break, Safwat went to Sweden with Zlicar and immediately got back to work. He had played his last match of the year on December 4, flew from Brazil to Sweden the next day and was on the practice court on December 7.

"I didn't have a break but I feel good, I feel like it was needed. I enjoyed my preseason in Sweden, it was something new for me," Safwat told The National at the beginning of the 2021 season.

“I feel like I’m back to where I was at the start of 2020 – physically, mentally, tennis-wise, there’s been a lot of development. I feel good.”

Safwat grew up in the city of Mansoura, located 120km north-east of Cairo in the Delta region. He started playing tennis seriously at a club called ‘Geziret El Ward’ at the age of 10, a relatively late stage compared to other pros.

“We were a group of five to six kids training together and I think I was the worst one of them all,” he said.

Football was Safwat’s “first love” and he played as a goalkeeper when he was a kid. “I was obsessed with the cartoon ‘Captain Majid’ and my idol was the character ‘Raad’, who was the goalie."

When another kid accidentally kicked his hand during a football game, Safwat went home and told his mother he wouldn’t play any sport other than tennis moving forward.

Gustavo Kuerten was the first player Safwat remembers watching on TV, when the Brazilian legend lifted his first of three Roland Garros titles in 1997.

"I liked his style. I don't think I knew much about tennis at the time, I don't think I could even understand the scoring system," said Safwat, who was barely seven when Kuerten reigned supreme in Paris for the first time.

Tennis is popular in Egypt – although nowhere near as much as  football – but the lack of any system, structure or funding, makes it incredibly difficult for any player from the country to break through. Only one Egyptian has ever ranked inside the top 100 and that was El Shafei in the 1970s.

That never discouraged Safwat though, as he forged his own path in a sport with countless barriers to entry and limited opportunity for success.

“Since I was a kid, watching Federer, Kuerten, Agassi and Sampras on TV, I always thought, ‘why can’t we be like them and make it?’” he said.

“I was never convinced that this life is too tough and that it’s a tough road, that it requires a lot of money, that it requires luck. I always saw it as: He trains, I train. He works hard, I work hard. He has legs, I have legs.

“I was young and didn’t understand what I needed in order to make it. Now I get it; I get that it’s about the knowledge, having someone around you to show you the way, people who know what you need to develop and to take the next step.

“When I was young, I always thought, ‘why not?’ and many people laughed at me for it.”

Safwat has been Egypt’s top-ranked ATP player for over a decade and when he made his Grand Slam debut in Paris in 2018, he was the first from his nation to compete at a major in 22 years.

At the time, he credited his surge to a shift in his mentality and a newfound belief in himself.

“We shouldn’t act like victims because of our circumstances and feel that the world is against us,” said Safwat, referring to the lack of support given to Arab tennis players.

“Yes we don’t necessarily follow a direct path, because we lack the knowledge of how to make it in our part of the world, but with our individual effort, and without many people behind us and supporting us, we can achieve great things.

“I lived in that ‘victim role’ for a while, and when I snapped out of it, I realised that we aren’t the only players in the world that don’t have support. There are so many players who have no support, and they are better than us and ranked better than us.”

Ditching that defeatist attitude has done wonders for Safwat as he continues to navigate his way past numerous obstacles. At the start of the year, he stated the Olympics were once again, a priority for him.

“We put down a list of specific goals when we had our meeting at Good to Great Academy before we started our preseason. One of them is to have a run at the Olympics. I don’t just want to show up, say hello, play a few games and then leave. We drew up a plan so that by July, I’m hitting my peak, so I can have a good run at the Olympics,” the Arab No 1 said in January.

But planning has once again proven difficult for the Egyptian, who has been stuck in Cairo for the past five weeks, trying to renew his Schengen visa that would allow him to compete in Challenger events in Europe.

Numerous embassies have turned him away, telling him he didn’t have a big enough reason to be granted a visa, but he remains optimistic, despite the lack of support from the powers that be on the Challenger Tour, according to Safwat.

“I’m just using this time to prepare so that I’m ready once I’m able to get back on the road again,” he said. “I have my team with me and we’ve been practicing for five weeks. We worked on hard [courts], then switched to clay. We changed the plan I think five times. It’s a similar situation to the lockdown last year but at least this time I’m not alone.

“This time I feel like I’ve improved a lot and my testing, my performance numbers are improving so I’m trying to sort this visa issue at the moment and when I am able to compete again, I’m going to be ready, whenever that will be.

“Worst case scenario I’ll get back to competition during the French Open [end of May] but God willing it’ll happen before then.”

Peaking at the Olympics this summer might prove challenging for Safwat, given this unexpected interruption to his season, but he insists the Games provide a special kind of motivation, different than what he experiences at regular tournaments throughout the year.

“When you represent your country in a competition, be it in Davis Cup, or the Olympics, it’s a different pressure, it’s always unique,” he said.

“When I look back at any Davis Cup tie I’ve played in Egypt, I’m always super motivated and super pumped; the atmosphere is different to when you’re playing a regular tournament.

“At any other tournament, at the end of the day it’s for you, and you’re getting all the glory. But in Davis Cup or Olympics, you feel it’s not for you, it’s a different kind of motivation.

“For me, when I play Davis Cup, I feel my whole body is covered in goose bumps. You always fight until the last minute, you really give it your all.”

Safwat mentions former wrestler, Karam Gaber, who won gold in Athens 2004 and then took silver eight years later in London, as one of the Egyptian Olympians he admires the most. “Hedaya Malak [the taekwondo bronze medallist in Rio 2016] too, it was incredible what she was able to do,” he added.

Since he and Sherif qualified for Tokyo, Safwat says he’s been getting more attention back home, and so has tennis in general. Both players have signed sponsorship deals on the back of their qualification and he feels “tennis is becoming more popular and it’s emerging on the sports map in Egypt.”

The best example Safwat has set for the next generation of Egyptian, and Arab, tennis players, is that he believed in himself enough to actually invest in his own career. Whenever a door was shut, he searched for a window to open, and he’s not ready to give up any time soon.

“I took a different path than the generation before me, I committed to what I’m doing, I didn’t give up on my dreams, I had a rough time throughout the years, ups and downs, and frustration and sadness but thankfully I was always surrounded by the right people,” he says.

“What I’m doing now will be good for kids back home and should motivate them that they can do it, with the right knowledge and the right people around you, you really can achieve it.”

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

MATCH INFO

Champions League quarter-final, first leg

Ajax v Juventus, Wednesday, 11pm (UAE)

Match on BeIN Sports

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E640hp%20at%206%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%20from%202%2C300-4%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E11.9L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh749%2C800%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
DUBAI%20BLING%3A%20EPISODE%201
%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3ENetflix%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EKris%20Fade%2C%20Ebraheem%20Al%20Samadi%2C%20Zeina%20Khoury%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
RACECARD%20
%3Cp%3E%0D%3Cstrong%3E9pm%3C%2Fstrong%3E%20Maiden%20(PA)%20Dh70%2C000%20(Dirt)%202%2C000m%0D%3Cbr%3E%3Cstrong%3E9.30pm%3C%2Fstrong%3E%20Handicap%20(TB)%20Dh70%2C000%20(D)%202%2C000m%0D%3Cbr%3E%3Cstrong%3E10pm%3C%2Fstrong%3E%20Al%20Ain%20Cup%20%E2%80%93%20Prestige%20(PA)%20Dh100%2C000%20(D)%202%2C000m%0D%3Cbr%3E%3Cstrong%3E10.30pm%3C%2Fstrong%3E%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C800m%0D%3Cbr%3E%3Cstrong%3E11pm%20%3C%2Fstrong%3EWathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(D)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E11.30pm%3C%2Fstrong%3E%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C400m%0D%3Cbr%3E%3Cstrong%3E12am%3C%2Fstrong%3E%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C400m%3C%2Fp%3E%0A
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.

ACC%20T20%20Women%E2%80%99s%20Championship
%3Cp%3E%3Cstrong%3EUAE%20fixtures%3C%2Fstrong%3E%3Cbr%3EFriday%2C%20June%2017%20v%20Oman%3Cbr%3ESaturday%2C%20June%2018%20v%20Singapore%3Cbr%3EMonday%2C%20June%2020%20v%20Malaysia%3Cbr%3EWednesday%2C%20June%2022%20v%20Qatar%3Cbr%3EFriday%2C%20June%2024%2C%20semi-final%3Cbr%3ESaturday%2C%20June%2025%2C%20final%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EUAE%20squad%3A%3C%2Fstrong%3E%20Chaya%20Mughal%20(captain)%2C%20Esha%20Oza%2C%20Indhuja%20Nandakumar%2C%20Kavisha%20Kumari%2C%20Khushi%20Sharma%2C%20Lavanya%20Keny%2C%20Priyanjali%20Jain%2C%20Rithika%20Rajith%2C%20Samaira%20Dharnidharka%2C%20Sanchin%20Singh%2C%20Siya%20Gokhale%2C%20Suraksha%20Kotte%2C%20Theertha%20Satish%2C%20Vaishnave%20Mahesh%3C%2Fp%3E%0A
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

FIGHT CARD

 

1.           Featherweight 66kg

Ben Lucas (AUS) v Ibrahim Kendil (EGY)

2.           Lightweight 70kg

Mohammed Kareem Aljnan (SYR) v Alphonse Besala (CMR)

3.           Welterweight 77kg

Marcos Costa (BRA) v Abdelhakim Wahid (MAR)

4.           Lightweight 70kg

Omar Ramadan (EGY) v Abdimitalipov Atabek (KGZ)

5.           Featherweight 66kg

Ahmed Al Darmaki (UAE) v Kagimu Kigga (UGA)

6.           Catchweight 85kg

Ibrahim El Sawi (EGY) v Iuri Fraga (BRA)

7.           Featherweight 66kg

Yousef Al Husani (UAE) v Mohamed Allam (EGY)

8.           Catchweight 73kg

Mostafa Radi (PAL) v Abdipatta Abdizhali (KGZ)

9.           Featherweight 66kg

Jaures Dea (CMR) v Andre Pinheiro (BRA)

10.         Catchweight 90kg

Tarek Suleiman (SYR) v Juscelino Ferreira (BRA)

MATCH INFO

Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nag%20Ashwin%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EPrabhas%2C%20Saswata%20Chatterjee%2C%20Deepika%20Padukone%2C%20Amitabh%20Bachchan%2C%20Shobhana%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E%E2%98%85%E2%98%85%E2%98%85%E2%98%85%3C%2Fp%3E%0A
THREE
%3Cp%3EDirector%3A%20Nayla%20Al%20Khaja%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Jefferson%20Hall%2C%20Faten%20Ahmed%2C%20Noura%20Alabed%2C%20Saud%20Alzarooni%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
World Test Championship table

1 India 71 per cent

2 New Zealand 70 per cent

3 Australia 69.2 per cent

4 England 64.1 per cent

5 Pakistan 43.3 per cent

6 West Indies 33.3 per cent

7 South Africa 30 per cent

8 Sri Lanka 16.7 per cent

9 Bangladesh 0

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

SQUADS

South Africa:
Faf du Plessis (capt), Hashim Amla, Temba Bavuma, Farhaan Behardien, Quinton de Kock (wkt), AB de Villiers, JP Duminy, Imran Tahir, David Miller, Wayne Parnell, Dane Paterson, Andile Phehlukwayo, Dwaine Pretorius, Kagiso Rabada
Coach: Ottis Gibson

Bangladesh:
Mashrafe Mortaza (capt), Imrul Kayes, Liton Das (wkt), Mahmudullah, Mehidy Hasan, Mohammad Saifuddin, Mominul Haque, Mushfiqur Rahim (wkt), Mustafizur Rahman, Nasir Hossain, Rubel Hossain, Sabbir Rahman, Shakib Al Hasan, Soumya Sarkar, Tamim Iqbal, Taskin Ahmed.
Coach: Chandika Hathurusingha

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

The finalists

Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho

Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson

Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)

Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)

Club of the Year: Bayern Munich, Liverpool, Real Madrid

Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)

Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola

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 biog

Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha

Favourite book: One Hundred Years of Solitude

Holiday destination: Sri Lanka

First car: VW Golf

Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters

Driverless cars or drones: Driverless Cars

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.”

Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

THE BIO

Ms Al Ameri likes the variety of her job, and the daily environmental challenges she is presented with.

Regular contact with wildlife is the most appealing part of her role at the Environment Agency Abu Dhabi.

She loves to explore new destinations and lives by her motto of being a voice in the world, and not an echo.

She is the youngest of three children, and has a brother and sister.

Her favourite book, Moby Dick by Herman Melville helped inspire her towards a career exploring  the natural world.

The biog

Favourite colour: Brown

Favourite Movie: Resident Evil

Hobbies: Painting, Cooking, Imitating Voices

Favourite food: Pizza

Trivia: Was the voice of three characters in the Emirati animation, Shaabiyat Al Cartoon

SHAITTAN
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EVikas%20Bahl%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EAjay%20Devgn%2C%20R.%20Madhavan%2C%20Jyothika%2C%20Janaki%20Bodiwala%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Du Football Champions

The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.

'Ashkal'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Youssef%20Chebbi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Fatma%20Oussaifi%20and%20Mohamed%20Houcine%20Grayaa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

India Test squad

Kohli (c), Dhawan, Rahul, Vijay, Pujara, Rahane (vc), Karun, Karthik (wk), Rishabh Pant (wk), Ashwin, Jadeja, Kuldeep, Pandya, Ishant, Shami, Umesh, Bumrah, Thakur

Series info

Test series schedule 1st Test, Abu Dhabi: Sri Lanka won by 21 runs; 2nd Test, Dubai: Play starts at 2pm, Friday-Tuesday

ODI series schedule 1st ODI, Dubai: October 13; 2nd ODI, Abu Dhabi: October 16; 3rd ODI, Abu Dhabi: October 18; 4th ODI, Sharjah: October 20; 5th ODI, Sharjah: October 23

T20 series schedule 1st T20, Abu Dhabi: October 26; 2nd T20, Abu Dhabi: October 27; 3rd T20, Lahore: October 29

Tickets Available at www.q-tickets.com

Stat Fourteen Fourteen of the past 15 Test matches in the UAE have been decided on the final day. Both of the previous two Tests at Dubai International Stadium have been settled in the last session. Pakistan won with less than an hour to go against West Indies last year. Against England in 2015, there were just three balls left.

Key battle - Azhar Ali v Rangana Herath Herath may not quite be as flash as Muttiah Muralitharan, his former spin-twin who ended his career by taking his 800th wicket with his final delivery in Tests. He still has a decent sense of an ending, though. He won the Abu Dhabi match for his side with 11 wickets, the last of which was his 400th in Tests. It was not the first time he has owned Pakistan, either. A quarter of all his Test victims have been Pakistani. If Pakistan are going to avoid a first ever series defeat in the UAE, Azhar, their senior batsman, needs to stand up and show the way to blunt Herath.

Leading all-time NBA scorers

Kareem Abdul-Jabbar 38,387
Karl Malone 36,928
Kobe Bryant 33,643
Michael Jordan 32,292
LeBron James 31,425
Wilt Chamberlain 31,419

Jewel of the Expo 2020

252 projectors installed on Al Wasl dome

13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas

550 tonnes of moulded steel were raised last year to cap the dome

724,000 cubic metres is the space it encloses

Stands taller than the leaning tower of Pisa

Steel trellis dome is one of the largest single structures on site

The size of 16 tennis courts and weighs as much as 500 elephants

Al Wasl means connection in Arabic

World’s largest 360-degree projection surface

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

US Industrial Market figures, Q1 2017

Vacancy Rate 5.4%

Markets With Positive Absorption 85.7 per cent

New Supply 55 million sq ft

New Supply to Inventory 0.4 per cent

Under Construction 198.2 million sq ft

(Source: Colliers)

THE SPECS

Engine: 3.6-litre V6

Transmission: eight-speed automatic

Power: 285bhp

Torque: 353Nm

Price: TBA

On sale: Q2, 2020

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes