Abdulla Al Gurg jokes he will walk very slowly and make sure everyone in the UK can take plenty of pictures of him and send them back to Dubai.
Abdulla Al Gurg jokes he will walk very slowly and make sure everyone in the UK can take plenty of pictures of him and send them back to Dubai.

Emirati says it's 'an honour' to carry Olympic flame through London



DUBAI // He has been measured for his suit and the date set for Abdulla Al Gurg to carry the Olympic flame through the streets of London in advance of the summer Games.
Mr Al Gurg, an Emirati who lives in Dubai, will be one of 800 people to carry the torch through more than 1,000 cities, towns and villages in the UK.
The torch was lit in Olympia, Greece, last Thursday and will arrive in the UK on Friday, where it will begin its 70-day journey.
Mr Al Gurg, 30, will carry the flame only 450 metres, but said he will savour every moment of it.
"I am going to walk very slowly and make sure everyone in the UK can take plenty of pictures of me and send them back to Dubai," he said, laughing.
Officials have already put in the order for his special white uniform, which he will wear for his run on July 26, the day before the Games open.
"It will be an honour to be one of the few," Mr Al Gurg said. "I really appreciate the gesture and hope I can reciprocate it as a torch-bearer. I am sure some Emiratis have their reasons to be nominated from a sporting point of view.
"My cause is from charity and we can showcase that more, especially for NGO charity organisations."
Mr Al Gurg is the general manager of Easa Saleh Al Gurg (Esag) Group, the family business. He was chosen as a torch-bearer because of his contributions to the community. His sponsor is Lloyds TSB in London, one of the three companies supporting the torch relay.
Mr Al Gurg also sits on the board of the Esag Charity Foundation, which was set up after a decree by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.
The foundation, which does not accept donations, gives to educational and health care charities in the UAE and Africa.
It gave to more than 10,000 causes last year, including financial assistance to more than 5,000 individuals, and also aided more than 500 medical cases and donated educational aid to 1,000 schools and universities.
The foundation has helped support the building of six mosques in and outside the UAE.
Since 2010, it has donated US$9million (Dh33m) to various causes across the world.
The charity owns a number of tower blocks in Sharjah and Dubai and more than 30 villas in Jumeirah. The profits taken from rent goes into a fund, which is then donated.
"It supports education, health care and social well-being of certain cases," Mr Al Gurg said.
Underprivileged students who do not have access to education are also supported.
"I hope to make a point of exposing all the good work charities do and be an advocate of charity work. We rarely celebrate the good work done and success. We always look at the sorrows of the unfortunate in society," he said.
"We also have to appreciate a lot of the work the foundations are doing."
A representative of Lloyds TSB flew to Dubai to tell Mr Al Gurg he was had been put forward to go through the process.
"I didn't know what it meant in the beginning and obviously I made myself aware of it and it looks like a big thing," he said. "It took a while for it to sink in and it seems like an interesting thing to do and to be in London for the Olympics is a rare opportunity."
As his part of the relay will be during Ramadan, Mr Al Gurg will be fasting, and his family will not be in the UK to cheer him on.
"I think it's too crowded for them, and as it will be Ramadan they will be with their family," he said. He was not sure if he would go to any of the events. He said he wanted to fly back and be with his three children.
Eight thousand people have been chosen to carry the torch on the basis of their contributions to their communities.
Mr Al Gurg will receive a replica of the torch to bring home with him and plans to put it in his office next to his other prized possession, a set of Tiger Woods's golf clubs.
eharnan@thenational.ae

Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5

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.”

COPA DEL REY

Semi-final, first leg

Barcelona 1 (Malcom 57')
Real Madrid (Vazquez 6')

Second leg, February 27

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MO
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THE BIO:

Sabri Razouk, 74

Athlete and fitness trainer 

Married, father of six

Favourite exercise: Bench press

Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn

Power drink: A glass of yoghurt

Role model: Any good man

Where to submit a sample

Volunteers of all ages can submit DNA samples at centres across Abu Dhabi, including: Abu Dhabi National Exhibition Centre (Adnec), Biogenix Labs in Masdar City, NMC Royal Hospital in Khalifa City, NMC Royal Medical Centre, Abu Dhabi, NMC Royal Women's Hospital, Bareen International Hospital, Al Towayya in Al Ain, NMC Specialty Hospital, Al Ain

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
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Five healthy carbs and how to eat them

Brown rice: consume an amount that fits in the palm of your hand

Non-starchy vegetables, such as broccoli: consume raw or at low temperatures, and don’t reheat  

Oatmeal: look out for pure whole oat grains or kernels, which are locally grown and packaged; avoid those that have travelled from afar

Fruit: a medium bowl a day and no more, and never fruit juices

Lentils and lentil pasta: soak these well and cook them at a low temperature; refrain from eating highly processed pasta variants

Courtesy Roma Megchiani, functional nutritionist at Dubai’s 77 Veggie Boutique

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

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