About 3,000 schoolchildren ran in the Abu Dhabi Educational Council Marathon at Yas Marina Circuit and took part in sports such as jiu jitsu and rock climbing. The event was part of Adec’s Champions of Tomorrow initiative. Christopher Pike / The National
About 3,000 schoolchildren ran in the Abu Dhabi Educational Council Marathon at Yas Marina Circuit and took part in sports such as jiu jitsu and rock climbing. The event was part of Adec’s Champions oShow more

Schoolchildren in race to finish line



ABU DHABI // Thousands of pupils sped down the Yas Marina Circuit on Thursday as schools in the emirate took part in an Abu Dhabi Educational Council Marathon event.

The inaugural day of sports and social activities brought in 3,000 primary and secondary pupils from across the emirate to compete in 3km and 5km races. They also participated in other events, including jiu jitsu, rock climbing and dance aerobics.

The event was part of Adec’s Champions of Tomorrow initiative, which aims to encourage sports activity among the youth and create a generation of talented athletes, said Nasser Khamis, director of Adec’s extra-curricular activities department.

“Participation in the marathon and other sporting activities helps youth discover their talent in a particular sport, while educating them on the overall benefits of sports,” he said.

Mr Khamis urged all parents and pupils to participate in events such as the marathon.

The advancement in sports in the UAE has been impressive but events such as the marathon needed to be more frequent and countrywide, said Mohammed Abdulkareem, a physical education teacher at Hamza bin Abdul Muttalib School.

“These events have to spread to the other emirates because although the facilitates are available students could benefit from more encouragement to participate,” said Mr Abdulkareem, who has been teaching at the 10-12 Grade school in Bani Yas for a year.

Mr Abdulkareem said he was impressed with the Emirati pupils’ participation in the event, saying thay 35 out of 45 children he brought to yesterday’s event were UAE nationals.

“Our students are involved in many sport activities and we hold tournaments for them throughout the school year,” he said.

Marwa Mohammed, a physical education teacher at Al Sumou School in Al Ain, said the fact she was able to bring 27 10-year-old girls from the city showed that support for female sports in UAE society was growing.

“Many families used to not want their daughters to get involved in any of these activities and as you see today we brought close to 30 girls to another city,” she said.

Ms Mohammed said she has seen a steady rise in the support of sport activities for young girls by the Government, school administrations and families.

“Our school’s principal fully supports these extra-curricular activities and you see mothers now pushing their daughters to participate more than the fathers.”

Also making the journey from Al Ain was Ahmed Al Gaithi, 10, of Al Sadara School.

The Emirati fifth grader, who was competing in the 3km race, said he and 45 fellow pupils had made the trip and participated in a range of sports during school, including football, basketball and jiu jitsu.

When asked if he stayed active during the hot summer months, Ahmed said the heat did not slow him down at all.

“We play all summer at indoor clubs, so we have fun all year long,” he said.

Mohammed Yihya, a pupil at Al Seddeeq Private School in Al Ain, said his interest in sport started when he moved to the UAE from Yemen seven years ago.

“In Yemen, the schools did not really focus on sports and activities and it was hard to get into a sport even if you had an interest. Here, you can see they take sports more seriously in school,” the 16-year-old said.

tsubaihi@thenational.ae

The Woman King

Director: Gina Prince-Bythewood

Stars: Viola Davis, Thuso Mbedu, Sheila Atim, Lashana Lynch, John Boyega 

Rating: 3/5

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

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Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
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If you go

The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at. 
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.   

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

The specs: 2024 Mercedes E200

Engine: 2.0-litre four-cyl turbo + mild hybrid
Power: 204hp at 5,800rpm +23hp hybrid boost
Torque: 320Nm at 1,800rpm +205Nm hybrid boost
Transmission: 9-speed auto
Fuel consumption: 7.3L/100km
On sale: November/December
Price: From Dh205,000 (estimate)

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.”

CONFIRMED LINE-UP

Elena Rybakina (Kazakhstan)
Ons Jabeur (Tunisia)
Maria Sakkari (Greece)
Barbora Krejčíková (Czech Republic)
Beatriz Haddad Maia (Brazil)
Jeļena Ostapenko (Latvia)
Liudmila Samsonova
Daria Kasatkina
Veronika Kudermetova
Caroline Garcia (France)
Magda Linette (Poland)
Sorana Cîrstea (Romania)
Anastasia Potapova
Anhelina Kalinina (Ukraine)
Jasmine Paolini (Italy)
Emma Navarro (USA)
Lesia Tsurenko (Ukraine)
Emma Raducanu (Great Britain) – wildcard

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Dubai Rugby Sevens

November 30, December 1-2
International Vets
Christina Noble Children’s Foundation fixtures

Thursday, November 30:

10.20am, Pitch 3, v 100 World Legends Project
1.20pm, Pitch 4, v Malta Marauders

Friday, December 1:

9am, Pitch 4, v SBA Pirates

Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: 

  • UAE bt Nepal by 78 runs
  • Hong Kong bt Singapore by 5 wickets
  • Oman bt Malaysia by 2 wickets

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final


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