Kim Beso, head coach at the Burn Room, training with weights. Razan Alzayani / The National
Kim Beso, head coach at the Burn Room, training with weights. Razan Alzayani / The National
Kim Beso, head coach at the Burn Room, training with weights. Razan Alzayani / The National
Kim Beso, head coach at the Burn Room, training with weights. Razan Alzayani / The National

Triple Olympic weightlifting champion comes to Dubai


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DUBAI // The growing popularity of weightlifting has drawn triple Olympic gold medallist Pyrros Dimas to town.

The retired Greek champion, 41, took Olympic gold at the 1992, 1996 and 2000 games in the 82.5, 83 and 85 kilogram classes respectively. He will be hosting a seminar and weightlifting competition next week at the Burn Room in Umm Suqeim.

“In the local community, Olympic lifting is getting really big,” said Mohammed Faisal, the Burn Room’s manager. “People like Marwan Al Marri are focusing on it now as their actual sport.”

Mr Al Marri, 23, will be competing in the contest, which has places for 20 men and women.

His coach, Derrick Branford, a former competitive lifter in the United States, said the young Emirati would use the competition as preparation for the Dubai Fitness Championships in September.

“The competition is just part of the process for Marwan. He’s right on track with his training for the competition and we don’t want him to peak too early so this is just one step in the process,” said Mr Branford.

Jens Lofgren, 31, an Olympic lifting coach at Scandinavian Health and Performance in JLT, has also entered the competition and will attend the seminar.

“Pyrros is a legend,” said Mr Lofgren. “When I started lifting he was one of the people I would look up to. He’s an average weight and really shows that it’s not just this image of the big, fat guys lifting weights.”

Many of Mr Lofgren’s clients are CrossFit enthusiasts wanting to improve their technique in the highly technical sport.

“CrossFit has certainly helped bring this to a wider audience,” he said. “I don’t think if you walked up to the average person in the gym five years ago they would know what a clean and jerk was, but now it’s slowly growing.”

The head coach at the Burn Room, Kim Beso, said he hoped people wouldn’t be too intimidated by Mr Dimas to participate. “It’s an amateur competition, just with an Olympian here,” he said.

Mr Faisal said the UAE Weightlifting Federation would be present at the event. “Just by us bringing Pyrros here is helping open doors for other athletes in the sport,” he said.

Federer's 11 Wimbledon finals

2003 Beat Mark Philippoussis

2004 Beat Andy Roddick

2005 Beat Andy Roddick

2006 Beat Rafael Nadal

2007 Beat Rafael Nadal

2008 Lost to Rafael Nadal

2009 Beat Andy Roddick

2012 Beat Andy Murray

2014 Lost to Novak Djokovic

2015 Lost to Novak Djokovic

2017 Beat Marin Cilic

Recent winners

2002 Giselle Khoury (Colombia)

2004 Nathalie Nasralla (France)

2005 Catherine Abboud (Oceania)

2007 Grace Bijjani  (Mexico)

2008 Carina El-Keddissi (Brazil)

2009 Sara Mansour (Brazil)

2010 Daniella Rahme (Australia)

2011 Maria Farah (Canada)

2012 Cynthia Moukarzel (Kuwait)

2013 Layla Yarak (Australia)              

2014 Lia Saad  (UAE)

2015 Cynthia Farah (Australia)

2016 Yosmely Massaad (Venezuela)

2017 Dima Safi (Ivory Coast)

2018 Rachel Younan (Australia)

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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.”

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Second Test, Adelaide: Australia won by 120 runs
Third Test, Perth: Australia won by an innings and 41 runs
Fourth Test: Melbourne: Drawn
Fifth Test: Australia won by an innings and 123 runs

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Ground floor multipurpose hall: 92 square metres for up to 200 people

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Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

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  • September 5 – Iraq v UAE, Amman, Jordan (venue TBC)

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1. Rafael Nadal (ESP) 9,585 pts ( 1)
2. Novak Djokovic (SRB) 8,945 (-1)
3. Roger Federer (SUI) 6,190
4. Daniil Medvedev (RUS) 5,705
5. Dominic Thiem (AUT) 5,025
6. Stefanos Tsitsipas (GRE) 4,000 ( 1)
7. Alexander Zverev (GER) 2,945 (-1)
8. Matteo Berrettini (ITA) 2,670 ( 1)
9. Roberto Bautista (ESP) 2,540 ( 1)
10. Gaël Monfils (FRA) 2,530 ( 3)
11. David Goffin (BEL) 2,335 ( 3)
12. Fabio Fognini (ITA) 2,290
13. Kei Nishikori (JPN) 2,180 (-2)
14. Diego Schwartzman (ARG) 2,125 ( 1)
15. Denis Shapovalov (CAN) 2,050 ( 13)
16. Stan Wawrinka (SUI) 2,000
17. Karen Khachanov (RUS) 1,840 (-9)
18. Alex De Minaur (AUS) 1,775
19. John Isner (USA) 1,770 (-2)
20. Grigor Dimitrov (BUL) 1,747 ( 7)

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Man City:
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