AD200810492541554AR
AD200810492541554AR
AD200810492541554AR
AD200810492541554AR

The racing machine


  • English
  • Arabic

Who do you think is sport's all-time best? Each week, we will profile a candidate, inviting you to decide who should top our list of 50. All participants will be entered into a draw for the weekly adidas prize and an end-of-contest Etihad Holidays four-day trip for two, including business class flights and accommodation, to a mystery location. We will reveal the full 50 at the end, but this week Ahmed Rizvi looks at the runner Haile Gebrselassie.

In the Ethiopian capital of Addis Ababa there is a mural of Haile Gebrselassie on a high-rise building that overlooks the National Stadium. It has two simple words inscribed on it: You Can. There could be no better ode to a man who has risen from very humble beginnings into one of the greatest in the world of sports. He is a part of Ethiopian and distance running folklore, and a symbol of hope. Gebrselassie was one of 10 siblings growing up on a maize and rice farm in rural Ethiopia.

They lived in a modest one-room dwelling, covered with straw and plastered with mud. The nearest source of water was a river nearly 4km away and there was no electricity. The closest school was 10km away and Gebrselassie, who lost his mother when he was seven, had to run to get there and back, in sun and rain, through forests and hills, across rivers and muddy roads. If his school had been closer, would there be a Gebrselassie as we know him today?

Had his childhood been a bit more comfortable, would he have been among the greats in history? Gebrselassie, himself, believes his tough start in life shaped his winning personality "When you come from that kind of life, you are successful. It was perfect preparation," he says. "I was a very aggressive boy. When they asked me to go somewhere, I didn't like to walk, just run - I liked to do things faster.

"I did things before everybody else, especially when I was young. I always wanted to be the best." This innate desire to excel has seen Haile shatter 25 world records in a celebrated career that shows no sign of abating. After winning 11 Olympic, World Championship and World Indoor Championship titles, he decided to move to marathons and broke the world mark with a time of 2:04:26 in Berlin last September.

Earlier this year he won the Dubai Marathon in 2:04:53, the second fastest time in history. He has broken the world 5,000m record on four occasions and the 10,000m three times. In 1999 and 2000 he was undefeated in all his races, which ranged from the 1500m to the 10,000m. In 1993, at the World Championship in Stuttgart, Haile won the first of his four consecutive 10,000m World Championships titles. In 1994, he set his first world record with a run of 12:56.96 in the 5,000m, shaving two seconds off Said Aoutia's mark.

He lowered the 10,000m record by nine seconds in 1995, and reclaimed the 5,000m record in a manner that stunned the world. He blew away Moses Kiptanui's record of 12:55.30 with a staggering 12:44.39 - almost 11 seconds quicker. "I knew I was in good shape ? I was really flying," he says. "But to break the mark by such a big gap - that was unforgettable." That "unforgettable" moment was, however, to be surpassed when Haile defended his 10,000m crown at the 2000 Sydney Olympics. That victory remains the defining moment of his career.

He had been badly injured a few months before the start of the Games and he arrived in Australia with little preparation. "Everyone was expecting me not to run because of my Achilles problem. I was close to not competing, but when I got there I thought I might as well fight for it," he says. And the fight he put up is the stuff of legends. He was up against his arch-rival, the Kenyan Paul Tergat, who had finished second to the Ethiopian four years earlier in Atlanta.

The men were neck-and-neck with less than a lap to go. With 300m to run, Tergat shot away. "When he went past me on the home straight. I thought he had won the gold," says Gebrselassie. "I thought that was it. But I decided I had to try to just track him to make it as hard as possible for him. I did not think I could win." He did win it though, edging ahead in the final strides to snatch an unbelievable win. The margin of victory was just 0.09secs, closer than the winning margin in the men's 100 metre final.

That victory pushed him into the echelon of greats, alongside the Finnish legend Paavo Nurmi and the Czech Emil Zatopek. Nurmi has won nine Olympic gold medals, while Zatopek has four Olympic titles against his name, including the 5,000m, 10,000m and marathon treble at the 1952 Helsinki Games. Yet people like Sebastian Coe, the British middle-distance great, rank Haile ahead of these immortals. "Comparisons will be made with Emil Zatopek and Paavo Nurmi, but Haile is the most talented of them all by a distance," he says.

"What makes him talented is that he has the leg speed of a very good 1500m runner. "He also has the great ability to destroy the field with a change of pace over five strides, and that is what he has done time and time again. He has struck like a cobra, got that gap and he has the physical and mental strength. That is what has made him different from anything that has gone before. "I see Haile and I know he can be a perfectly nice man, very open, friendly and social. But he also has the mentality, when it matters, of a killer. He is the consummate racing machine."

Cast your vote and enter a draw for a weekly Dh500 adidas voucher and a dream trip with Etihad Holidays. If you think Gebrselassie is the all-time best, text G20 to 2337 Texts cost Dh5 and voting will end at midnight on Thursday September 4. @Email:arizvi@thenational.ae

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PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

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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

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

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What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

Greatest Royal Rumble results

John Cena pinned Triple H in a singles match

Cedric Alexander retained the WWE Cruiserweight title against Kalisto

Matt Hardy and Bray Wyatt win the Raw Tag Team titles against Cesaro and Sheamus

Jeff Hardy retained the United States title against Jinder Mahal

Bludgeon Brothers retain the SmackDown Tag Team titles against the Usos

Seth Rollins retains the Intercontinental title against The Miz, Finn Balor and Samoa Joe

AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out

The Undertaker beats Rusev in a casket match

Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match

Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last

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Specs
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What is Genes in Space?

Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.

It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration. 

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RESULTS
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My Country: A Syrian Memoir

Kassem Eid, Bloomsbury

Biography

Her family: She has four sons, aged 29, 27, 25 and 24 and is a grandmother-of-nine

Favourite book: Flashes of Thought by Sheikh Mohammed bin Rashid

Favourite drink: Water

Her hobbies: Reading and volunteer work

Favourite music: Classical music

Her motto: I don't wait, I initiate

 

 

 

 

 

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