• Conor McGregor lands a punch on Dustin Poirier during their fight at UFC 257 in Abu Dhabi.
    Conor McGregor lands a punch on Dustin Poirier during their fight at UFC 257 in Abu Dhabi.
  • Dustin Poirier and Conor McGregor during their lightweight fight at UFC 257.
    Dustin Poirier and Conor McGregor during their lightweight fight at UFC 257.
  • Dustin Poirier and Conor McGregor of Ireland at the UFC 257 press conference event inside Etihad Arena on UFC Fight Island on January 21, 2021 in Yas Island, Abu Dhabi.
    Dustin Poirier and Conor McGregor of Ireland at the UFC 257 press conference event inside Etihad Arena on UFC Fight Island on January 21, 2021 in Yas Island, Abu Dhabi.
  • Dustin Poirier reacts after his knockout victory over Conor McGregor at UFC 257. Reuters
    Dustin Poirier reacts after his knockout victory over Conor McGregor at UFC 257. Reuters
  • Dustin Poirier and Conor McGregor face off during the UFC 257 weigh-in in Abu Dhabi in January.
    Dustin Poirier and Conor McGregor face off during the UFC 257 weigh-in in Abu Dhabi in January.
  • Dustin Poirier and Conor McGregor face-off ahead of their fight at UFC 257 at Etihad Arena in Abu Dhabi.
    Dustin Poirier and Conor McGregor face-off ahead of their fight at UFC 257 at Etihad Arena in Abu Dhabi.
  • Conor McGregor celebrates his win against Donald Cerrone at the T-Mobile Arena in Las Vegas in January 18, 2020.
    Conor McGregor celebrates his win against Donald Cerrone at the T-Mobile Arena in Las Vegas in January 18, 2020.
  • Conor McGregor arrives for the 62nd Annual Grammy Awards in Los Angeles.
    Conor McGregor arrives for the 62nd Annual Grammy Awards in Los Angeles.
  • Conor McGregor moves in for a hit against Donald Cerrone during UFC 246 at T-Mobile Arena in Las Vegas.
    Conor McGregor moves in for a hit against Donald Cerrone during UFC 246 at T-Mobile Arena in Las Vegas.
  • Conor McGregor celebrates after defeating Donald "Cowboy" Cerrone during UFC 246 on January 18, 2020, in Las Vegas.
    Conor McGregor celebrates after defeating Donald "Cowboy" Cerrone during UFC 246 on January 18, 2020, in Las Vegas.
  • Conor McGregor during a press conference in Russia where he took the opportunity to reveal his comeback to the UFC.
    Conor McGregor during a press conference in Russia where he took the opportunity to reveal his comeback to the UFC.
  • Khabib Nurmagomedov, right, defeated Conor McGregor by submission in their October 2018 UFC bout in Las Vegas.
    Khabib Nurmagomedov, right, defeated Conor McGregor by submission in their October 2018 UFC bout in Las Vegas.

UFC president Dana White hopes to reveal 'massive, major' long-term plans for Abu Dhabi


John McAuley
  • English
  • Arabic

Dana White says the UFC has “massive and major” long-term plans for Abu Dhabi, which he hopes to make public following a visit to the capital within the next month.

The emirate signed a five-year partnership with the world’s lead mixed martial arts promotion in April 2019 to host one major event each year through to 2023, before then becoming a second home to the UFC during the coronavirus pandemic. Abu Dhabi staged three Fight Island series in little more than six months from July to January, featuring bouts between some of the most prominent stars in the sport.

The UFC is expected to return to the UAE in late October for UFC 267, although neither local organisers nor the promotion have officially confirmed its location. However, when asked on Tuesday by Canadian outlet TSN about UFC 267 in reference to Abu Dhabi, White said the card was “awesome” and that the event was set to take place at prime time local time. At present, a one-off UFC show – a reversion to the 2019 contract – appears most likely.

Speaking to UFC Arabia also on Tuesday, as he previewed this Sunday’s UFC 265 in Houston, White said he had just come off a conference call with local organisers in Abu Dhabi that morning.

“I’m excited,” he said. “I’m going to go to Abu Dhabi here soon, within the next 30 days. And hopefully when I leave there this time I can lay out to the media … I’ll hold a press conference and show everybody what’s next for Fight Island and Abu Dhabi over the next five to 10 years.

“We’re doing massive, major things over in Abu Dhabi. Massive. I’ve been dying to tell everybody, but I can’t until we get all the stuff figured out. And, unfortunately, it’s not going to be completely dialled in until I go there again. [The] schedule’s been nuts, but I’m going to get there in the next 30 days.”

Under the 2019 agreement, the UFC had committed to staging world-championship bout in Abu Dhabi per year. However, White announced the new "Fight Island" concept in April last year, as he sought to find a location that allowed international athletes to compete during the pandemic.

In July, Yas Island hosted the inaugural series, a four-event residency that began with UFC 251. The promotion returned in late September for a five-event run bookended by UFC 253 and UFC 254 – the latter included lightweight champion Khabib Nurmagomedov’s final fight in the sport – and then again in January for three shows. That series, which officially opened Etihad Arena on Yas Island, ended with Conor McGregor’s knockout defeat to Dustin Poirier in their rematch at UFC 257.

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

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.”

T20 SQUADS

Australia: Aaron Finch (c), Mitchell Marsh, Alex Carey, Ashton Agar, Nathan Coulter-Nile, Chris Lynn, Nathan Lyon, Glenn Maxwell, Ben McDermott, D’Arcy Short, Billy Stanlake, Mitchell Starc, Andrew Tye, Adam Zampa.

Pakistan: Sarfraz Ahmed (c), Fakhar Zaman, Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Hussain Talat, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shinwari, Hassan Ali, Imad Wasim, Waqas Maqsood, Faheem Ashraf.

The years Ramadan fell in May

1987

1954

1921

1888

Four tips to secure IoT networks

Mohammed Abukhater, vice president at FireEye in the Middle East, said:

- Keep device software up-to-date. Most come with basic operating system, so users should ensure that they always have the latest version

- Besides a strong password, use two-step authentication. There should be a second log-in step like adding a code sent to your mobile number

- Usually smart devices come with many unnecessary features. Users should lock those features that are not required or used frequently

- Always create a different guest network for visitors

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
The%20Beekeeper
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EDavid%20Ayer%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EJason%20Statham%2C%20Josh%20Hutcherson%2C%20Emmy%20Raver-Lampman%2C%20Minnie%20Driver%2C%20Jeremy%20Irons%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

England World Cup squad

Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood

The bio

Job: Coder, website designer and chief executive, Trinet solutions

School: Year 8 pupil at Elite English School in Abu Hail, Deira

Role Models: Mark Zuckerberg and Elon Musk

Dream City: San Francisco

Hometown: Dubai

City of birth: Thiruvilla, Kerala

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

TWISTERS

Director: Lee Isaac Chung

Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

Updated: August 04, 2021, 10:55 AM