The idea that could turn polo into a major sport came to Daniel Fox-Davies three years ago. He was lying in bed at his home in Chelsea, west London, recovering from an operation to repair damaged discs in his back, lucky that he had not been paralysed, or killed, after one of his beloved polo ponies had thrown him during a vigorous training session.
"All I could do was watch television," he says. "So much of the sport was rubbish. One station had rodeo riding. I ask you. There was no polo anywhere.
"I thought, 'Why not? Why can't polo be shown on television?' It's fast, full-contact, glamorous, exciting. It's simple. There's a ball. There are strikers, midfielders and defenders. There's a goal. Players barge into each other at speed. It has everything."
Three years later and Mr Fox-Davies, the 34-year-old founder of Fox-Davies Capital, a corporate finance brokerage in London specialising in oil, gas and mining, is hoping to launch a tele-friendly series of polo matches around the world, modelled on Formula One racing and Twenty20 cricket.
He envisages polo teams of top professionals representing major cities, such as London, New York, Paris, Mumbai and Buenos Aires, and hopes particularly that Abu Dhabi will be one of them; it is important, he says, to include the Middle East, where horses are integral to the cultures of so many countries.
The game's rules would be amended to make it more dramatic, much as cricket has evolved in a succession of limited-overs formats. The polo field - currently the size of four football pitches - would shrink and players would wear brightly coloured shirts and be allowed to touch the ball only a couple of times before passing.
But, Mr Fox-Davies insists, purists would not be offended: it would still be polo as they know it.
The biggest change he envisages would be in the venues - with games played in public parks or existing sports venues, instead of on exclusive country estates - so that more people could attend matches.
Most important of all, he says, matches would be televised, using the studio and presentation techniques that are routine today in other sports, and this would attract sponsors.
It would revolutionise polo, he says. Today, the sport depends on a wealthy individual, known as the patron, who is usually also one of the four members of a team. This, says Mr Fox-Davies, is like the owner of a Premiership football team picking himself as a striker, simply because he can.
As he talks, he looks as if he will explode with excitement. Through the glass of his office, his team of Fox-Davies Capital traders are staring at computer screens displaying the rise and fall of prices in the energy and mining sectors.
As Polo in the Park has attracted the attention of the world's media, Mr Fox-Davies has found himself characterised as a flashy tycoon. In fact, he is engaging, modest and rumpled; he neither looks nor sounds like a man out to transform a sport that, traditionally, has epitomised monied elitism.
It is still early days, he says, but the signs are encouraging. The first matches - involving at least six teams - will definitely take place next June at Hurlingham Park in Fulham, west London, where England won a gold medal in polo at the 1908 Olympics.
"We are seeding the grass now," he says. "It will be great for the public. The park will be much better. In June we will take it over for three days for polo. Imagine the opportunities for sponsors."
His enthusiasm almost runs away with him: "It is," he declares, "more interesting than motor racing."
Two years ago he hired a team of three, including a world-class polo player, to see if his dream of democratising polo with style was feasible. Now he has recruited IMG, the entertainment-sports management company, and its consultants are touring the world selling the idea.
One of their first stops was Abu Dhabi. Mr Fox-Davies has already spoken to the authorities in New York about using Central Park as a venue.
He says he is not trying to turn polo into a mass sport, like football or cricket. This is neither possible nor desirable. However, he believes that polo is such a fantastic sport that it deserves better than to be caricatured as a recreation for the over-sexed, super-wealthy.
He came from an ordinary middle-class family in the West Country. He hoped to study economics at Oxford but was only offered a place by Durham University and the LSE. So he decided to spend a gap year in the City. He planned to reapply to Oxford if business did not suit him. But he was a natural. He did so well in London that he was soon posted abroad, to Vienna, Moscow, then New York.
Eight years ago, still in his mid-20s, he was back in London and wondering what to do next. Someone called him and asked if he could raise money to develop an oil field in Africa. He said he would, and he did. "That is how Fox-Davies Capital came about," he said, laughing at his good fortune. "By complete accident!"
He established the firm with £100,000. He had £10,000 of his own money, borrowed £20,000 from a bank and put another chunk on his credit card. He planned to employ experts in the practicalities of mining, oil and gas so that he could offer the best advice to companies and investors.
As he waited for the regulatory bodies to approve this new company he discovered horse riding. "I was renting a cheap as chips cottage in the West Country and started riding. Then I found polo. You needed a completely different riding technique. I loved it!"
Though he does not look like a serious sportsman he obviously has the necessary guts and aggression to play the game:" It's like American football. The best players, and I am nothing special, can take you out of the game in an instant."
He has become so keen that he no longer wants to live full-time in Chelsea. He plans to move to the country, to be near his eight ponies and the polo club where he plays every weekend.
Polo ranks players by goals. Those minus two goals are poor; someone with 10 goals is world-class. Anyone rated at two or above will be a professional. There are only a handful of 10s in the world. Mr Fox-Davies is ranked at minus one, which makes him a competent amateur. He is also a patron, which means he runs his own team. "Every team must have a professional, otherwise the spectacle would be horrible."
Although his passion for polo grew over time he became disillusioned with the sport's management. There were no leagues. It was fragmented, with governing bodies in the UK, Argentina and the States, each with slightly different rules. Because of the system of patronage - and for historical reasons - teams rarely consisted of four professionals.
Despite this, he says, polo has become increasingly popular and is now played in dozens of countries by thousands of people. The potential, he says, is huge.
Undoubtedly there is potential in the Gulf. Polo is firmly established in Dubai, where some of the world's best players turn out for a team run by a local businessman, Ali Albwardy, whom Mr Fox-Davies says is one of the most accomplished patrons in polo. Abu Dhabi also has world-class facilities, at the Al Ghantoot Racing and Polo Club. The BBC recently described the club: "It is home to 200 pampered ponies that live in air-conditioned stables, their feed shipped in from Kentucky, their grooms from Argentina. This is a club that plays host to kings and queens and no expense is spared."
Mr Fox-Davies is taking nothing for granted. A city or a company might, he says, want to field a team or perhaps just be a sponsor of the series. All that counts is raising the profile of the sport, while retaining its excitement and glamour.
* The National
MATCH INFO
Burnley 0
Man City 3
Raheem Sterling 35', 49'
Ferran Torres 65'
CHATGPT%20ENTERPRISE%20FEATURES
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MATCH INFO
Day 2 at the Gabba
Australia 312-1
Warner 151 not out, Burns 97, Labuschagne 55 not out
Pakistan 240
Shafiq 76, Starc 4-52
Killing of Qassem Suleimani
The biog
Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza
Hobby: Running and watching Welsh rugby
Travel destination: Cyprus in the summer
Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.
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.”
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
UAE currency: the story behind the money in your pockets
Traces%20of%20Enayat
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What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
'Gehraiyaan'
Director:Shakun Batra
Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa
Rating: 4/5
Vikram%20Vedha
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Gayatri%2C%20Pushkar%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Hrithik%20Roshan%2C%20Saif%20Ali%20Khan%2C%20Radhika%20Apte%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%C2%A0%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
Who is Ramon Tribulietx?
Born in Spain, Tribulietx took sole charge of Auckland in 2010 and has gone on to lead the club to 14 trophies, including seven successive Oceania Champions League crowns. Has been tipped for the vacant New Zealand national team job following Anthony Hudson's resignation last month. Had previously been considered for the role.
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.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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
COMPANY%20PROFILE
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COMPANY%20PROFILE
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SPEC SHEET
Display: 6.8" edge quad-HD dynamic Amoled 2X, Infinity-O, 3088 x 1440, 500ppi, HDR10 , 120Hz
Processor: 4nm Snapdragon 8 Gen 1/Exynos 2200, 8-core
Memory: 8/12GB RAM
Storage: 128/256/512GB/1TB
Platform: Android 12
Main camera: quad 12MP ultra-wide f/2.2, 108MP wide f/1.8, 10MP telephoto f/4.9, 10MP telephoto 2.4; Space Zoom up to 100x, auto HDR, expert RAW
Video: 8K@24fps, 4K@60fps, full-HD@60fps, HD@30fps, super slo-mo@960fps
Front camera: 40MP f/2.2
Battery: 5000mAh, fast wireless charging 2.0 Wireless PowerShare
Connectivity: 5G, Wi-Fi, Bluetooth 5.2, NFC
I/O: USB-C
SIM: single nano, or nano and SIM, nano and nano, eSIM/nano and nano
Colours: burgundy, green, phantom black, phantom white, graphite, sky blue, red
Price: Dh4,699 for 128GB, Dh5,099 for 256GB, Dh5,499 for 512GB; 1TB unavailable in the UAE