UAE National Sports day to offer physical and mental challenges



ABU DHABI // National Sports Day will kick-off across the country on Thursday with a series of activities that will entertain families and challenge athletes looking for a more competitive event. ​

Zayed Sports City will host the festival with more than 25 free activities for all fitness levels.

The event, which is in its second year, will kick-off at 10am with a social run involving students from schools around the country.

From 3pm, Zayed Sports City will be open to all looking to participate in a range of events, catering to both casual and competitive athletes, and giving residents a chance to try out different sports.

Group workout sessions including Zumba, spinning and yoga sessions will be held at Haddins Gym, with options for ladies-only classes throughout the day.

More athletic participants can attempt the stadium step challenge, which will happen later in the day and test gymrats to race up and down the tennis stadium step punctuated with burpees, push-ups and squats for a timed trial whereby the athlete can burn hundreds of calories.

The Hercules challenge will not only test participants physically as they navigate the obstacle course, but it will also test them mentally as puzzles will be incorporated through the 65m race.

Those looking for specific sports will find tennis clinics open to the public, along with martial arts courses, archery organised by Al Forsan, and even a chance to try out polo.

Those seeking less strenuous activities will find the ice rink, bowling lanes and basketball hoops open throughout the evening, as well as billiards and table tennis.

If it’s a mental exercise that you’re looking for, chess matches and clinics will be set up throughout the day.

There is also the Abu Dhabi Roller Derby, an event where women go around a rink and beat each other up.

Organisers said that the event would be annual and that many lessons would be learnt from the inaugural sports day.

A full schedule of events being held is listed here: uaesportsday.ae

nalwasmi@thenational.ae

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When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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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.

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“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 squad

Ali Kashief, Salem Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdelrahman, Mohammed Al Attas (Al Jazira), Mohmmed Al Shamsi, Hamdan Al Kamali, Mohammad Barghash, Khalil Al Hammadi (Al Wahda), Khalid Eisa, Mohammed Shakir, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Adel Al Hosani, Al Hassan Saleh, Majid Suroor (Sharjah), Waleed Abbas, Ismail Al Hammadi, Ahmed Khalil (Shabab Al Ahli Dubai) Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Mahrami (Baniyas)

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