Football is the ultimate globalisation venue



The World Cup kicked off last week, imposing its rhythm on households and edging into the shadows major global issues like the Iranian nuclear crisis and the fallout from the Freedom Flotilla tragedy, commented Al Sayed Ould Bah, a columnist with the Emirati newspaper Al Ittihad. "World Cup fixtures are no longer considered a sports contest proper. They have become a lavish show of the present-day human condition."

The working class game that started in industrial Britain in the 16th century was first considered too plebian by the bourgeoisie. But major transformations took place later and turned the once low-status game into a global phenomenon. The 1966 World Cup, in Britain itself, marked the beginning of massive-scale television coverage, with some 600 million viewers watching the final on their telly.

Then there was the "black revolution" of 1970, with Pelé redefining the technical and athletic possibilities of the game. Later, Spain in 1982 inaugurated the politicisation of the sport when, coming out of decades of dictatorship, the host Madrid was granted the seal of approval into the European democratic club. In 1998, France clinched the title thanks to a colourful range of ethnicities among its national squad. That was when players proved they could do far better than politicians in reinforcing national unity.

"Let's talk honestly about the Gaza blockade," wrote Mazen Hammad in the comment section of the Qatari newspaper Al Watan. "Breaking it is no simple matter. Plus, there is a difference between lifting the sea embargo and the land siege." Israeli authorities may, if they wished to be more cooperative, limit their list of banned products to arms and explosives and allow everything else to come in. But Israel has no intention of alleviating the clamp-down on the livelihood of Gazans, since such inoffensive goods as parsley and paper, among thousands of other products, are still explicitly barred.

But Mahmoud Abbas, the president of the Palestinian Authority in the West Bank, has his own political approach to lifting the Gaza blockade. "He is against an immediate break of the sea blockade, because it will bolster Hamas's position. And just like the PA president, Egypt is not comfortable with Hamas laying claim to victory should the blockade be partially lifted."  For their part, European diplomats who have been briefed on the recent talks between Mr Abbas and the US president Barack Obama confirmed that the PA president does want the border crossings to be opened and the blockade to be gradually lifted, but in such a way that Hamas won't be able to capitalise on it politically. So, Gaza straddles that fence between humanitarian efforts and political calculations.

In the opinion pages of the pan-Arab newspaper Al Hayat, Jameel al Diyyabi asked: have the Taliban and al Qa'eda really resorted to poppy plants to finance their operations, clearing their conscience on the basis of "the end justifies the means"? US law enforcement officials have made the connection between drug trafficking and terrorism, noting that data collected over the past 25 years showed that 60 per cent of terrorist organisations are implicated in drug trafficking.

Indeed, terrorist organisations have been forced into auto-financing as post-9/11 international measures clamped down on sympathisers' donations, making poppy planting - and other forms of drug processing - an inevitable option for the Taliban and al Qa'eda in Afghanistan and Pakistan. "Now, according to UN estimates, opium crops will reach 6.1 tonnes [this year], most of which will come from the south of Afghanistan, which is under the control of the al Qa'eda-allied Taliban. Practically the whole country plants poppies," the writer reported.  International attempts to torch those massive poppy farms have failed repeatedly, and there is still great confusion as to what other alternative might work.

In its editorial, the Qatari daily Al Raya discussed the recent visit by the Arab League secretary general Amr Moussa to the Gaza Strip, describing it as "a formal Arab declaration that the blockade will soon be over".

Mr Moussa stated during his visit that Israel's blockade on Gaza must be lifted, and that there is an Arab resolution to that effect that must be implemented. The visit comes in the wake of the Freedom Flotilla's success in focusing the world's attention on the plight of the people of Gaza and mobilising international efforts to exert pressure on Israel. After meeting the people of the Strip and getting a sense of their daily hardships, Mr Moussa realised that the Palestinians there don't want the world to deal with them as an afflicted people seeking food and medical aid. They rather want to be viewed as a people besieged by an occupying force that is destroying their lives.

Public opinion in Gaza saw Mr Moussa's visit as an expression of a true Arab resolve to break the blockade, especially after the top pan-Arab official announced that the funds needed for the reconstruction process are ready and that the Arab world will no longer tolerate the status quo. * Digest compiled by Achraf El Bahi aelbahi@thenational.ae

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
SPECS%3A%20Polestar%203
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Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

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.”

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

How do Sim card scams work?

Sim swap frauds are a form of identity theft.

They involve criminals conning mobile phone operators into issuing them with replacement Sim cards by claiming to be the victim, often pretending their phone has been lost or stolen in order to secure a new Sim.

They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.

The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
No%20Windmills%20in%20Basra
%3Cp%3EAuthor%3A%20Diaa%20Jubaili%3C%2Fp%3E%0A%3Cp%3EPages%3A%20180%3C%2Fp%3E%0A%3Cp%3EPublisher%3A%20Deep%20Vellum%20Publishing%C2%A0%3C%2Fp%3E%0A
Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Common OCD symptoms and how they manifest

Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.

Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.

Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.

Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.

Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.

Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia

COMPANY%20PROFILE%20
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
The years Ramadan fell in May

1987

1954

1921

1888

Results

International 4, United States 1

Justin Thomas and Tiger Woods (US) beat Marc Leishman and Joaquin Niemann (International) 4 and 3.

Adam Hadwin and Sungjae Im (International) beat Xander Schauffele and Patrick Cantlay (US) 2 up.

Adam Scott and Byeong Hun An (International) beat Bryson DeChambeau and Tony Finau (US) 2 and 1.

Hideki Matsuyama and C.T. Pan (International) beat Webb Simpson and Patrick Reed (US) 1 up.

Abraham Ancer and Louis Oosthuizen (International) beat Dustin Johnson and Gary Woodland (US) 4 and 3.

COMPANY%20PROFILE
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BMW%20M4%20Competition
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