Former UFC lightweight champion Khabib Nurmagomedov has thrown his support behind the UAE national jiu-jitsu team as they get set for the Jiu-Jitsu World Championship, which begins on Wednesday in Abu Dhabi.
The national team have been training in a closed camp for the November 3-11 event, staged at the capital’s Jiu Jitsu Arena. The tournament provides a final opportunity to qualify for next year’s World Games in the United States. The UAE go into the event in fine form having topped the medal table at the recent Asian Jiu-Jitsu Championship.
Nurmagomedov, now a coach, is in Abu Dhabi and helped three of his teammates to wins at UFC 267 this past weekend.
The Dagestan native said: “I wish good luck for the UAE national team at the World Championship. Let’s go guys, I am with you,” before jokingly adding his trademark “smash everyone”.
Nurmagomedov, 33, retired undefeated as the UFC lightweight champion following his victory against Justin Gaethje in Abu Dhabi in October last year. With a professional mixed martial arts record of 29-0, he is regarded as one of the great UFC athletes of all time.
A regular visitor to the Emirates, Nurmagomedov has plans to open his own gym in Abu Dhabi early next year, while last week he offered his backing once more to local MMA promotion UAE Warriors.
“Good luck to everybody doing jiu-jitsu in the UAE,” he said. “It is great for you and for the next generation. The youngsters are the future and I see them being even better, a completely different generation because they will benefit from what is happening now with the sport in the UAE. It will have a positive impact on them, physically and mentally.”
At the Jiu-Jitsu World Championship, the UAE national team will be represented by 58 athletes in the men's category and 53 in the women’s bracket. The categories range from adult to Under-16s.
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Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
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Scotland 54-17 Fiji
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
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The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
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