Nate Diaz will take on YouTube sensation Jake Paul in a boxing match on August 5, 2023, in Dallas. AP
Nate Diaz will take on YouTube sensation Jake Paul in a boxing match on August 5, 2023, in Dallas. AP
Nate Diaz will take on YouTube sensation Jake Paul in a boxing match on August 5, 2023, in Dallas. AP
Nate Diaz will take on YouTube sensation Jake Paul in a boxing match on August 5, 2023, in Dallas. AP

Nate Diaz claims he will 'conquer' Jake Paul in boxing debut before heading back to UFC


Steve Luckings
  • English
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YouTuber-turned-boxer Jake Paul will return to the ring in August to take on former UFC fighter Nate Diaz, who will make his boxing debut.

The bout in Dallas on August 5 will take place at 185lbs, with eight rounds scheduled using 10-ounce gloves, organisers said on Wednesday.

Diaz, 37, is widely regarded as one of the best boxers in mixed martial arts and has been widely touted to make the crossover to the squared circle since leaving the UFC last year.

He has twice fought Conor McGregor, submitting the Irishman in two rounds in their first meeting in March 2016 before losing the rematch by majority decision five months later.

American Diaz is 21-13 in the UFC, winning his most recent bout with a submission of Tony Ferguson at UFC 279 in September.

  • Nate Diaz hits Tony Ferguson in a welterweight bout during UFC 279 on September 10, 2022 in Las Vegas. AP
    Nate Diaz hits Tony Ferguson in a welterweight bout during UFC 279 on September 10, 2022 in Las Vegas. AP
  • Nate Diaz fights Tony Ferguson in a welterweight bout at UFC 279 in Las Vegas. AP
    Nate Diaz fights Tony Ferguson in a welterweight bout at UFC 279 in Las Vegas. AP
  • Nate Diaz kicks Tony Ferguson during their welterweight bout at UFC 279. AP
    Nate Diaz kicks Tony Ferguson during their welterweight bout at UFC 279. AP
  • Nate Diaz throws a punch at Tony Ferguson during their welterweight bout at UFC 279. AP
    Nate Diaz throws a punch at Tony Ferguson during their welterweight bout at UFC 279. AP
  • Nate Diaz hits Tony Ferguson during their welterweight bout at UFC 279. AP
    Nate Diaz hits Tony Ferguson during their welterweight bout at UFC 279. AP
  • Nate Diaz celebrates after defeating Tony Ferguson in a welterweight bout at UFC 279. AP
    Nate Diaz celebrates after defeating Tony Ferguson in a welterweight bout at UFC 279. AP
  • Nate Diaz embraces Tony Ferguson after Diaz won their welterweight bout at UFC 279. AP
    Nate Diaz embraces Tony Ferguson after Diaz won their welterweight bout at UFC 279. AP
  • Nate Diaz seals his victory over Tony Ferguson at UFC 279. AP
    Nate Diaz seals his victory over Tony Ferguson at UFC 279. AP
  • Khamzat Chimaev fights Kevin Holland in a 180-pound catchweight bout at UFC 279. AP
    Khamzat Chimaev fights Kevin Holland in a 180-pound catchweight bout at UFC 279. AP
  • Khamzat Chimaev fights Kevin Holland in a 180-pound catchweight bout at UFC 279. AP
    Khamzat Chimaev fights Kevin Holland in a 180-pound catchweight bout at UFC 279. AP
  • Khamzat Chimaev celebrates after defeating Kevin Holland at UFC 279. AP
    Khamzat Chimaev celebrates after defeating Kevin Holland at UFC 279. AP
  • Khamzat Chimaev embraces Kevin Holland after Chimaev won their 180-pound catchweight bout at UFC 279. AP
    Khamzat Chimaev embraces Kevin Holland after Chimaev won their 180-pound catchweight bout at UFC 279. AP

"Besides Canelo [Alvarez] he's the biggest thang [sic] in boxing. I'm here to conquer that. I'm the king of combat sports and then I'm headed back to get my UFC belts," Diaz was quoted as saying by Paul's promotion company Most Valuable Promotions.

Twenty-six-year-old Paul boasts 20 million YouTube subscribers and has competed in seven professional fights since 2019.

He suffered the first defeat of his career in February, losing a split decision to Tommy Fury in Saudi Arabia, but has notable victories over two former UFC champions Tyron Woodley (twice), as well as Anderson Silva.

"My last fight didn't end the way I wanted, but the result was the best thing that could have happened to my professional boxing aspirations," Paul said.

"The world thinks I am vulnerable, when all I am is more focused than ever. My team wanted me to take an easy fight ... but that's not how I am built."

Paul later tweeted that August 5 will be a "funeral for Nathaniel Diaz as we send him back to" UFC president Dana White. "Refreshments will be provided at the service. Black Tie Attire."

  • British boxer Tommy Fury celebrates after he won by split decision against Jake Paul in a cruiserweight boxing match held at Diriyah, Saudi Arabia, February 27, 2023. AFP
    British boxer Tommy Fury celebrates after he won by split decision against Jake Paul in a cruiserweight boxing match held at Diriyah, Saudi Arabia, February 27, 2023. AFP
  • Tommy Fury, right, lands a punch on Jake Paul. AFP
    Tommy Fury, right, lands a punch on Jake Paul. AFP
  • Tommy Fury, left, of Great Britain in action against Jake Paul of the US. EPA
    Tommy Fury, left, of Great Britain in action against Jake Paul of the US. EPA
  • Tommy Fury sticks out a jab. EPA
    Tommy Fury sticks out a jab. EPA
  • Tommy Fury was forced to take a standing eight count in the eighth and final round, though the Briton claimed he slipped.
    Tommy Fury was forced to take a standing eight count in the eighth and final round, though the Briton claimed he slipped.
  • Tommy Fury in action against Jake Paul at the Diriyah Arena on the outskirts of Riyadh, Saudi Arabia. EPA
    Tommy Fury in action against Jake Paul at the Diriyah Arena on the outskirts of Riyadh, Saudi Arabia. EPA
  • Tommy Fury, right, in action against Jake Paul. AFP
    Tommy Fury, right, in action against Jake Paul. AFP
  • Jake Paul lands a left jab on Tommy Fury. AFP
    Jake Paul lands a left jab on Tommy Fury. AFP
  • Tommy Fury, right, punches Jake Paul. EPA
    Tommy Fury, right, punches Jake Paul. EPA
  • Jake Paul connects with Tommy Fury. EPA
    Jake Paul connects with Tommy Fury. EPA
  • Tommy Fury celebrates after defeating Jake Paul by split decision. PA
    Tommy Fury celebrates after defeating Jake Paul by split decision. PA
  • Former heavyweight champion Mike Tyson, centre, was in attendance. PA
    Former heavyweight champion Mike Tyson, centre, was in attendance. PA
  • Jake Paul, left, and Tommy Fury, in action. AP Photo
    Jake Paul, left, and Tommy Fury, in action. AP Photo
  • Jake Paul, right, and Tommy Fury, in action. AP
    Jake Paul, right, and Tommy Fury, in action. AP
  • Tommy Fury celebrates with his coaching team after defeating Jake Pau. Getty Images
    Tommy Fury celebrates with his coaching team after defeating Jake Pau. Getty Images
  • Tommy Fury in action against Jake Paul. Reuters
    Tommy Fury in action against Jake Paul. Reuters
  • WBC heavyweight champion Tyson Fury celebrates with the Fury Coaching Team after seeing half-brother Tommy Fury defeat Jake Paul at the Diriyah Arena. Getty Images
    WBC heavyweight champion Tyson Fury celebrates with the Fury Coaching Team after seeing half-brother Tommy Fury defeat Jake Paul at the Diriyah Arena. Getty Images
  • Jake Paul in between rounds. Getty Images
    Jake Paul in between rounds. Getty Images
  • Tommy Fury celebrates. Getty Images
    Tommy Fury celebrates. Getty Images
  • Tommy Fury poses for photographs with his coaching team. PA
    Tommy Fury poses for photographs with his coaching team. PA
  • WBC heavyweight champion Tyson Fury. Getty Images
    WBC heavyweight champion Tyson Fury. Getty Images
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A

THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Graduated from the American University of Sharjah

She is the eldest of three brothers and two sisters

Has helped solve 15 cases of electric shocks

Enjoys travelling, reading and horse riding

 

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.”

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Homie%20Portal%20LLC%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20End%20of%202021%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EAbdulla%20Al%20Kamda%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20Undisclosed%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2014%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ELaunch%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
THE SPECS

BMW X7 xDrive 50i

Engine: 4.4-litre V8

Transmission: Eight-speed Steptronic transmission

Power: 462hp

Torque: 650Nm

Price: Dh600,000

Red Joan

Director: Trevor Nunn

Starring: Judi Dench, Sophie Cookson, Tereza Srbova

Rating: 3/5 stars

PROFILE OF CURE.FIT

Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

Ukraine

Capital: Kiev

Population: 44.13 million

Armed conflict in Donbass

Russia-backed fighters control territory

RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

Updated: April 13, 2023, 12:32 PM