DUBAI // Organisers of the World Team Cup, to be held in Dubai in September, say it will help raise the standard of table tennis in the Emirates by giving players the chance to compete against the best in the world.
"We've been trying to bring this tournament here for over a year and now we have it," said Dawoud al Hajri, the president of the domestic Table Tennis Federation.
"We're not looking to compete with the world powers but we want to develop the UAE national team by giving them the opportunity to take part in this tournament."
The World Team Cup should provide leading Emirati Rashid Abdul Hamid, a GCC men's bronze medallist, and his teammates with that stage. The world's top six men's and women's nations, as decided by the end-of-August rankings, will be joined by the leading teams from the African, North and South American and Oceania confederations.
On present rankings, China, who have won four men's title in six tournaments, will be joined by Germany, South Korea, Hong Kong, Japan and Austria, while Egypt, Canada, Brazil and Australia top their regions.
In the women's likely draw, the top six include five-time winners China, Germany, South Korea, Hong Kong, Japan and Singapore, with Egypt, Venezuela, Holland and Australia in the frame.
Matching the men's draw's elite 10 countries will prove too stiff a test for the UAE's squad, according to al Hajri. But he outlined the tournament's role in improving local standards. "Hamid is the our best player and we hope he can develop by playing against the world's best."
@Email:emegson@thenational.ae
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Started: 2021
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How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
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When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
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