Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, is in Beijing to attend the Winter Olympics.
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, is in Beijing to attend the Winter Olympics.
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, is in Beijing to attend the Winter Olympics.
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, is in Beijing to attend the Winter Olympics.

Sheikh Mohamed bin Zayed arrives in Beijing for Winter Olympics


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Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, arrived in Beijing on Friday to attend the Winter Olympics.

Sheikh Mohamed is in China after being invited by President Xi Jinping.

The Winter Olympics will be held from February 4-20 and the opening ceremony is on Friday.

More to follow

Preparations and training for Beijing Winter Olympics - in pictures

  • Players of Denmark's women's ice hockey team pose for a photo at the 2022 Winter Olympics. AP
    Players of Denmark's women's ice hockey team pose for a photo at the 2022 Winter Olympics. AP
  • A worker prepares to administer a COVID-19 test at the 2022 Winter Olympics in Beijing. AP
    A worker prepares to administer a COVID-19 test at the 2022 Winter Olympics in Beijing. AP
  • The National Stadium and the Beijing Olympic Tower are lit in red on the eve of the Chinese New Year ahead of the 2022 Winter Olympics in Beijing. AP
    The National Stadium and the Beijing Olympic Tower are lit in red on the eve of the Chinese New Year ahead of the 2022 Winter Olympics in Beijing. AP
  • An Australian athlete in action during pre-Beijing Olympics training, Genting Snow Park, Zhangjiakou, China. Reuters
    An Australian athlete in action during pre-Beijing Olympics training, Genting Snow Park, Zhangjiakou, China. Reuters
  • Skaters take part in a training session at the National Speed Skating Oval in Beijing, ahead of the 2022 Beijing Winter Olympic Games. AFP
    Skaters take part in a training session at the National Speed Skating Oval in Beijing, ahead of the 2022 Beijing Winter Olympic Games. AFP
  • Arterial roads are lit up as morning commuters drive along at dawn in western Beijing. AFP
    Arterial roads are lit up as morning commuters drive along at dawn in western Beijing. AFP
  • A worker prepares the apron of the arena during practice at the Wukesong Sports Centre. Getty
    A worker prepares the apron of the arena during practice at the Wukesong Sports Centre. Getty
  • Thomas Bach, President of the International Olympic Committee, signs his name as he visits the Beijing 2022 Winter Olympic Games village. AFP
    Thomas Bach, President of the International Olympic Committee, signs his name as he visits the Beijing 2022 Winter Olympic Games village. AFP
  • An athelte of Team Japan skis during a biathlon training session. Getty
    An athelte of Team Japan skis during a biathlon training session. Getty
  • An athlete uses treadmill in the fitness centre at Beijing 2022 Winter Olympic Games village. AFP
    An athlete uses treadmill in the fitness centre at Beijing 2022 Winter Olympic Games village. AFP
  • Members of Canada's team pose for a picture in Beijing 2022 Winter Olympic Games village. AFP
    Members of Canada's team pose for a picture in Beijing 2022 Winter Olympic Games village. AFP
  • IOC president Thomas Bach visits a room of the Canada team at Beijing 2022 Winter Olympic Games village. AFP
    IOC president Thomas Bach visits a room of the Canada team at Beijing 2022 Winter Olympic Games village. AFP
  • Thomas Bach attends the Olympic Truce Mural ceremony at Beijing 2022 Winter Olympic Games village. AFP
    Thomas Bach attends the Olympic Truce Mural ceremony at Beijing 2022 Winter Olympic Games village. AFP
  • A staff member prepares for the arrival of Thomas Bach before the Olympic Truce Mural ceremony. AFP
    A staff member prepares for the arrival of Thomas Bach before the Olympic Truce Mural ceremony. AFP
  • Thomas Bach talks with staff members of a restaurant as he visits the Beijing 2022 Winter Olympic Games village. AFP
    Thomas Bach talks with staff members of a restaurant as he visits the Beijing 2022 Winter Olympic Games village. AFP
  • Lantern decorations are hung on trees on the Olympic Green near the Olympic Tower. AP
    Lantern decorations are hung on trees on the Olympic Green near the Olympic Tower. AP
  • A woman walks past an Olympic-themed decoration on the Olympic Green at the 2022 Winter Olympics. AP
    A woman walks past an Olympic-themed decoration on the Olympic Green at the 2022 Winter Olympics. AP
  • A view of the moguls course at the Genting Snow Park. AP
    A view of the moguls course at the Genting Snow Park. AP
  • Athletes practice during a training session at the National Biathlon Centre. AP
    Athletes practice during a training session at the National Biathlon Centre. AP
  • Harald Lemmerer of Austria during a training session at the National Biathlon Center. AP
    Harald Lemmerer of Austria during a training session at the National Biathlon Center. AP
  • Athletes train at the National Biathlon Center ahead of the 2022 Winter Olympics. AP
    Athletes train at the National Biathlon Center ahead of the 2022 Winter Olympics. AP
  • Members of the French Olympics team receive their luggage at the Beijing Capital International Airport. AP
    Members of the French Olympics team receive their luggage at the Beijing Capital International Airport. AP
  • Team Italy spped skaters during a practice session at the National Speed Skating Oval. Getty
    Team Italy spped skaters during a practice session at the National Speed Skating Oval. Getty
  • Members of Team Austria arrive at the Olympic Village ahead of the Winter Olympic Games. Getty
    Members of Team Austria arrive at the Olympic Village ahead of the Winter Olympic Games. Getty
  • Athletes train during a cross-country skiing training session. Getty
    Athletes train during a cross-country skiing training session. Getty
  • The cross-country course during a training session. Getty
    The cross-country course during a training session. Getty
  • Alexander Rumyantsev, Daniil Aldoshkin, and Ruslan Zakharov of Team ROC skate during a speed skating practice session. Getty
    Alexander Rumyantsev, Daniil Aldoshkin, and Ruslan Zakharov of Team ROC skate during a speed skating practice session. Getty
The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

The biog

Favourite book: Men are from Mars Women are from Venus

Favourite travel destination: Ooty, a hill station in South India

Hobbies: Cooking. Biryani, pepper crab are her signature dishes

Favourite place in UAE: Marjan Island

Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

Mrs%20Chatterjee%20Vs%20Norway
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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”.

UAE currency: the story behind the money in your pockets
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
UAE v Ireland

1st ODI, UAE win by 6 wickets

2nd ODI, January 12

3rd ODI, January 14

4th ODI, January 16

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Updated: February 04, 2022, 6:28 AM