For Saeed al Jasmi it was a case of sink or swim when his father, Ahmed, a former pearl diver, tossed him into the sea as a baby about 25 years ago.
Like his two elder and three younger brothers who were also introduced to the balmy Gulf waters shortly after learning how to walk, he was in no mood for sinking. He swam ... with a vengeance. Al Jasmi, 27, has turned out to be the best of the fraternal swimming sextet and has been a standard bearer for his country for two decades since winning his first age-group national title as a six-year-old.
Sibling rivalry certainly helped as he strove to keep up with Mohammed, two years his elder, and Obaid, who had a year's start on him, while working hard to stay ahead of Bakhit, Sultan and Faisal in the sporting Emirati family. Al Jasmi is currently working as hard as ever in the pool at Abu Dhabi's Al Jazira club to be at his peak for two new challenges. A sprinter by nature, he will venture into the comparative unknown on Saturday by taking part in the inaugural one-mile open-water race at the Abu Dhabi Swimming Festival.
Then he will concentrate on what he does best - sharpening up his pace from a flying start to enhance his prospects of a respectable placing in the Fina World Championships which take place in Dubai from December 9-14. "Entering the long-distance race has meant a special training schedule for me over the last few weeks," al Jasmi said. "But it doesn't affect my physical condition. It will be good for me to train for this competition because it will undoubtedly increase my stamina.
"I have competed before in open waters in the UAE but I never got a ranking. I found the distance too long, so I quickly went back to sprinting." Al Jasmi, a member of Al Wahda club since 1988 and a representative of the national team since 1990, was a GCC champion for nine successive years between 1992 and 2001. His most eye-catching display was in winning seven medals at the Al Fajal international championships in Iran in 1993 and he was proclaimed as the UAE's top swimmer at his age group for the ensuing five years. He is constantly urging his fellow Emiratis to follow in his footsteps. He believes the first staging of the Swimming Festival off the capital's Corniche beach will encourage more local youngsters to take up the sport.
"We are overshadowed by other sports - football mainly," al Jasmi, forced to give up competitive swimming for four years to pursue a career as a flight engineer, said. He now has a degree in engineering management and recently joined Adnoc as a site engineer - a role that allows him to devote the time he needs to attend training sessions six nights a week. "Swimming here in the UAE is not like football," he said. "Football is a common pastime here but swimming is not. There is nowhere near the professionalism in our sport as there is in football.
"It would be a big motivation for us if we were paid to swim. UAE swimmers have picked up more medals than our footballers so it is reasonable to ask - why are we not paid? "But an event like this one is bound to help. It's going to be a lot of fun and people who take part for the first time might come back and look for more of that fun." More serious, though, is his date in Dubai where he is determined to improve on his placing of 123rd out of 209 entries for last year's world championships in Rome. He is entered for the 100m freestyle but his priority is the 50m dash.
"I need to break my own UAE record to have a good chance of securing a good world ranking," he said. "That currently stands at 23.4sec. If I repeated that time in the championships it would rank me at about 55. If I went half a second faster it would take me into the top 30. So that's my target." Al Jasmi caught the competitive swimming bug from his elder brothers. "Saeed likes to compete and relishes a challenge," said Mohammed, who recently retired from the pool. "He used to take on bigger and older swimmers to gain experience and that is why he won so many age group titles."
That philosophy has been carried through the family chain by Bakhit, 24, the fourth of the six brothers. "Saeed has been a huge inspiration for me," he said. "He started so young that his efforts encouraged me to take up the sport as a young boy, too." Bakhit knows it will be a tall order but his goal is to surpass Saeed's achievements. "With the right training and the commitment, it is achievable for me to break my brother's record and win more GCC titles," he said. "I am on course to do that.
"The relationship between us is like a chain with each link holding the other. When one moves on, the others move up." If he eventually earns a superior record to his brother there will be no boasting. "We all respect each other so much," he said. "We follow the eldest brother so closely. He is like a second father to us. "Even if I beat one of my older brothers in a race, I don't gloat about it and the same would apply if Sultan or Faisal beat me."
Bakhit spoke of a tremendous camaraderie between the six brothers which has often spread into other sports. "We like playing football together," he said. "Either against each other in two teams of three or the six of us teaming up to play against outsiders." The brothers are also about to team up for what will be an historic relay appearance in the World Championships. Saeed and Bakhit will be accompanied by Obaid and Faisal in the 4x25m freestyle event and will all compete individually along with Sultan.
Helping with the training for both the Swimming Festival and the Fina championships is Obeid Juma al Rumaithi, who has been the UAE national coach for the last 10 years. He praised the ambassadorial work carried out by Saeed in particular and Obaid, the national team captain. "I have known Saeed since he was five years old," he said of the man who is now coached by the American Jay Benner. "I think he is one of the best swimmers in the history of the UAE. And he has won more medals than anybody.
"I think with the proper support Saeed will be able to compete for another five years. "He has definitely been a very good role model for up-and-coming swimmers in this country. Had he been given more financial backing and better training facilities, he could have been even better."
wjohnson@thenational.ae
The facts
What: The first Abu Dhabi Swimming Festival, an open-water competition for all ages and abilities.
When: Saturday, 7am.
Where: Corniche beach.
Main event: The Waha Capital Abu Dhabi Mile (1.6km). Swimmers must be over 16. Men's and women's winners receive Dh5,000.
Team events: Relays and other races will be held for school, corporate and family teams.
Final event: The Etihad Holidays Splash Dash (700m for adults, 200m for children). Men's and women's winners receive two airline tickets to Europe.
More information: www.swimabudhabi.com
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Specs – Taycan 4S
Engine: Electric
Transmission: 2-speed auto
Power: 571bhp
Torque: 650Nm
Price: Dh431,800
Specs – Panamera
Engine: 3-litre V6 with 100kW electric motor
Transmission: 2-speed auto
Power: 455bhp
Torque: 700Nm
Price: from Dh431,800
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
The specs
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Power: 650hp at 6,750rpm
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Transmission: 8-speed dual-clutch auto
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How Beautiful this world is!
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Without Remorse
Directed by: Stefano Sollima
Starring: Michael B Jordan
4/5
Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
Armies of Sand
By Kenneth Pollack (Oxford University Press)
UAE WARRIORS RESULTS
Featherweight
Azouz Anwar (EGY) beat Marcelo Pontes (BRA)
TKO round 2
Catchweight 90kg
Moustafa Rashid Nada (KSA) beat Imad Al Howayeck (LEB)
Split points decision
Welterweight
Gimbat Ismailov (RUS) beat Mohammed Al Khatib (JOR)
TKO round 1
Flyweight (women)
Lucie Bertaud (FRA) beat Kelig Pinson (BEL)
Unanimous points decision
Lightweight
Alexandru Chitoran (ROU) beat Regelo Enumerables Jr (PHI)
TKO round 1
Catchweight 100kg
Marc Vleiger (NED) beat Mohamed Ali (EGY)
Rear neck choke round 1
Featherweight
James Bishop (NZ) beat Mark Valerio (PHI)
TKO round 2
Welterweight
Abdelghani Saber (EGY) beat Gerson Carvalho (BRA)
TKO round 1
Middleweight
Bakhtiyar Abbasov (AZE) beat Igor Litoshik (BLR)
Unanimous points decision
Bantamweight
Fabio Mello (BRA) beat Mark Alcoba (PHI)
Unanimous points decision
Welterweight
Ahmed Labban (LEB) v Magomedsultan Magomedsultanov (RUS)
TKO round 1
Bantamweight
Trent Girdham (AUS) beat Jayson Margallo (PHI)
TKO round 3
Lightweight
Usman Nurmagomedov (RUS) beat Roman Golovinov (UKR)
TKO round 1
Middleweight
Tarek Suleiman (SYR) beat Steve Kennedy (AUS)
Submission round 2
Lightweight
Dan Moret (USA) v Anton Kuivanen (FIN)
TKO round 2
MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
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.”