India's Arif Khan during the men's giant slalom competition at the FIS Alpine World Ski Championships in Cortina d'Ampezzo, Italy, on February 19, 2021. Reuters
India's Arif Khan during the men's giant slalom competition at the FIS Alpine World Ski Championships in Cortina d'Ampezzo, Italy, on February 19, 2021. Reuters
India's Arif Khan during the men's giant slalom competition at the FIS Alpine World Ski Championships in Cortina d'Ampezzo, Italy, on February 19, 2021. Reuters
India's Arif Khan during the men's giant slalom competition at the FIS Alpine World Ski Championships in Cortina d'Ampezzo, Italy, on February 19, 2021. Reuters

Skier Arif Khan the talk of Kashmir as he heads for Winter Olympics


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It still feels like a dream for Arif Khan as his extraordinary journey approaches its final destination.

The 31-year-old alpine skier from Tangmarg in north Kashmir’s Baramulla district is the talk of the town after qualifying for two events at the 2022 Beijing Winter Olympics, which starts on February 4.

Arif's dream became a reality on December 29 when he secured his spot in the men’s giant slalom at Kolasin, Montenegro. A month earlier, he had secured a slalom quota in Alpine skiing for the Beijing Games.

“Absolutely, it makes me happy to make it to the Olympics. I am overwhelmed, but there is a long way to go ahead,” Arif told The National.

He developed a passion for skiing at the age of four, during a childhood spent in the rugged mountains. But that does not mean his skills have come easy: Arif spends at least seven hours a day in sub-zero temperatures.

After starting at 5am, Arif kicks off with a four-hour skiing session followed by dry-land exercise for about 100 minutes before engaging in video analysis for close to an hour. He then goes on to prepare his equipment for the next day before hitting the hay.

It has become his habit as he looks for every advantage ahead of his maiden Winter Olympics.

“I have been doing this for so long now and I religiously follow the practice,” he says.

Arif grew up in a region dominated by other sports before finding his niche in skiing. He spent many hours on gentle slopes for beginners before emerging as a top skier.

“I believe I was destined for it. I have been to Switzerland and the exposure had led to the new beginnings. In the European countries I have learnt a lot as an athlete,” he added.

The 31-year-old is supported by JSW Sports and has represented India in more than 45 countries since 2005, starting at the junior level.

In 2018, Arif set his sights on the Winter Olympics, earning the slalom quota in Alpine skiing after impressing at the Entry League (International Ski Federation) FIS event in Dubai in November 2021.

During that meet, Arif finished 11th twice, 9th and 10th in four slalom events.

Arif Khan, right, in Montenegro's Kolasin during qualifying for the Beijing Winter Games. AFP
Arif Khan, right, in Montenegro's Kolasin during qualifying for the Beijing Winter Games. AFP

Arif had to become an instructor to meet his funding requirements. Before the Pyeongchang 2018 Winter Olympics, he was 150,000 rupees short of the amount required for training. But instead of becoming dejected, Arif came back stronger.

“Arif has been incredible. I would count him among top-level athletes. He was not let down by obstacles. He was determined to move ahead and achieve what he had been dreaming about for a long time now,” Arif’s national teammate and friend, Waseem Ahmed Bhat, told The National.

Only three Indians had previously participated in two separate events at the Winter Games - Nanak Chand and Chuni Lala in 1992, and Neha Ahuja in 2006. While the three were given an invitation, Arif secured qualification outright.

In 2005, he participated in the 14th Asian Alpine Ski Championships in China and went on to represent India in 2006 at the age of 16 in Yomase, Japan, where he finished 23rd in giant slalom.

At the 2011 South Asian Winter Games, Arif returned home with two gold medals. Last year, he finished 45th at a giant slalom event in Italy to qualify for the final of a world championship for the first time.

“Things have been challenging and my aim was to always improve in every way,” Arif added.

Arif attributes his success to his father, Mohammad Yaseen Khan, who runs a tour company and ski equipment store at the hill station of Gulmarg.

“He looked after everything I required and this is where I am now. My family, especially my father, has backed me to live my dream.”

Yaseen is delighted to see his son excel: “I knew he was going to make us all proud. I did what I was bound to do as a father. He has always been special."

Arif has been living in Gulmarg, a famous tourist spot, to acclimatise to harsh conditions. He has also trained in minus 10 to 20°C conditions across Europe.

“Gulmarg has been my home. I loved to race there and it never fails to fascinate me,” Arif said, adding: “I am ready for the Olympic challenge, which will be held in similar conditions to where I am training at the moment.”

Arif is hopeful of putting on a good show in Beijing and has even postponed his wedding, as the “Olympics is on my mind, the wedding could be deferred. It’s an opportunity to relish for a lifetime".

His preparations for Beijing received a late but significant boost in the form of a grant of 1.7 million rupees from the Indian government to train in Europe and procure equipment. Arif believes India can have more top-level athletes in the next few years if the infrastructure is put in place.

“In five to 10 years' time, we could see athletes participating in major events across the globe, if the standard of infrastructure is enhanced. Potentially, Jammu and Kashmir has athletes who can bring laurels to the country,” Arif said.

For now, it's Arif who will be carrying the hopes of his people on the world stage.

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

The biog

Siblings: five brothers and one sister

Education: Bachelors in Political Science at the University of Minnesota

Interests: Swimming, tennis and the gym

Favourite place: UAE

Favourite packet food on the trip: pasta primavera

What he did to pass the time during the trip: listen to audio books

CREW
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERajesh%20A%20Krishnan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ETabu%2C%20Kareena%20Kapoor%20Khan%2C%20Kriti%20Sanon%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
Napoleon
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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.”

The Cairo Statement

 1: Commit to countering all types of terrorism and extremism in all their manifestations

2: Denounce violence and the rhetoric of hatred

3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC  

4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.

5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.

6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security

Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

A cheaper choice

Vanuatu: $130,000

Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.

Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.

Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.

Benefits:  No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.

Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you
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The%20US%20Congress%20explained
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Updated: January 29, 2022, 5:16 AM