Michael Phelps of the US celebrates after winning the 100m butterfly gold medal at the Beijing Olympic Games.
Michael Phelps of the US celebrates after winning the 100m butterfly gold medal at the Beijing Olympic Games.

Top 10 moments of the Beijing Olympics



BEIJING // The following is a selection of the top 10 moments from the Beijing Olympics: 1) Usain Bolt breaks the 100 metres world record. Bolt already owned the record and in front of a packed Bird's Nest stadium run home in 9.69 seconds. He thumped his chest in triumph over the last few metres before his 'marksman' celebration which became one of the lasting images of the Games. 2) Michael Phelps roars in triumph and relief after American team mate Jason Lezak overtook France's Alain Bernard on the final leg of the 4x100m freestyle relay to keep alive Phelps's dream of beating Mark Spitz's record from 1972 of seven golds in a Games ? a dream he was to realise.

3) Liu Xiang dejectedly walks away from the track as he realises he has to withdraw from the defence of his 110 metres hurdles title because of a leg injury. Liu was the most popular sportsman in China and his grimacing departure clouded the Games for millions of home fans. 4) Russia's Yelena Isinbayeva turns the Bird's Nest into her private theatre with a gold medal and world record-breaking pole vault performance that captivated the 91,000 crowd. After she spent most of the competition lying under a towel, she broke her own world mark with a leap of 5.05 metres.

5) The Opening Ceremony. It emerged that some of the performance seen on television had been enhanced by computers, a child singer was replaced by a supposedly prettier face who mimed to her voice and representatives of China's ethnic minorities were no such thing. But it was a jaw-dropping beginning to the Games, culminating in the former gymnast Li Ning being swung up the roof of the stadium and 'running' around the top level before lighting the cauldron.

6) German weightlifter Matthias Steiner kisses a picture of his late wife Susann on the gold medal podium, choking back tears over the promise he made to her that he would keep their Olympic dream. The super-heavyweight made the pledge to Susann at her bedside in hospital as she lay dying after a car crash in 2007. 7) American Matt Emmons blows a 3.3-point lead on the very last shot of a 120-shot competition to throw away the gold medal in the "marathon" event of shooting. Four years ago in Athens he had fired at the wrong target and squandered a three-point lead.

8) Usain Bolt breaks Michael Johnson's 200 metres record. Charging towards the finish line, Bolt has his eye on the clock all the way and once again celebrates his triumph in style ? this time, after he completed his run. 9) Rohullah Nikpai wins Afghanistan's first Olympic medal with a bronze in the men's 58-kg taekwondo. Proof that no matter how tough the conditions you have to train in, Olympic success is achievable if you have the talent.

10) Estonian Gerd Kanter celebrates his discus gold medal by sprinting down the 100 metre track at the Bird's Nest and mimicking Bolt's marksman routine. High school jinks in a week when fun was put back into track and field. *AP

Liverpool 4-1 Shrewsbury

Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')

Shrewsbury
Udoh (27'minutes)

Man of the Match: Kaide Gordon (Liverpool)

The Prison Letters of Nelson Mandela
Edited by Sahm Venter
Published by Liveright

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Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

MATCH INFO

Uefa Champions League, last-16. first leg

Atletico Madrid v Juventus, midnight (Thursday), BeIN Sports

Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
Honeymoonish
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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. 

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.”

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Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

The biog

Family: He is the youngest of five brothers, of whom two are dentists. 

Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.

Where he works: Liberty Dental Clinic 

The five stages of early child’s play

From Dubai-based clinical psychologist Daniella Salazar:

1. Solitary Play: This is where Infants and toddlers start to play on their own without seeming to notice the people around them. This is the beginning of play.

2. Onlooker play: This occurs where the toddler enjoys watching other people play. There doesn’t necessarily need to be any effort to begin play. They are learning how to imitate behaviours from others. This type of play may also appear in children who are more shy and introverted.

3. Parallel Play: This generally starts when children begin playing side-by-side without any interaction. Even though they aren’t physically interacting they are paying attention to each other. This is the beginning of the desire to be with other children.

4. Associative Play: At around age four or five, children become more interested in each other than in toys and begin to interact more. In this stage children start asking questions and talking about the different activities they are engaging in. They realise they have similar goals in play such as building a tower or playing with cars.

5. Social Play: In this stage children are starting to socialise more. They begin to share ideas and follow certain rules in a game. They slowly learn the definition of teamwork. They get to engage in basic social skills and interests begin to lead social interactions.