The UAE has embraced judo in recent years and found success in amateur and professional competitions. Judo players pictured at the IJF World Judo Tour’s Grand Slam Abu Dhabi. Vidhyaa for The National
The UAE has embraced judo in recent years and found success in amateur and professional competitions. Judo players pictured at the IJF World Judo Tour’s Grand Slam Abu Dhabi. Vidhyaa for The National

Sports council to run swimming, fencing and judo classes at Abu Dhabi community schools



Experts from the Abu Dhabi Sports Council have teamed up with the Department of Education and Knowledge to offer children and their families extra-curricular activities in community schools.

The two government agencies signed a pact Sunday pledging to work together to promote sports and physical fitness among the emirate’s youngsters and their families.

Adek operates 15 community schools with state-of-the-art recreation facilities –such as swimming pools, gymnasiums and sports fields – which the sports council will use to host sports competitions and deliver after-school classes. The community schools operate as public schools during the day and double as community centres at night.

“We have the know-how as Abu Dhabi Sports Council, they have the school facilities, so this memorandum of understanding enables us to use the facilities that they have to bring in students on their own time and train them with professional trainers and improve the quality of life for our students,” said Major General Mohammed Al Romaithi, deputy chairman of the Abu Dhabi Sports Council. “This will definitely increase their performance in school in general and also will help address obesity and diabetes problems.”

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The sports council will begin by offering after-school swimming, fencing and judo classes for students and families living in the community schools’ catchment areas. More sports will be added in time, said Maj Gen Al Romaithi. The council will also organise evening and weekend sports competitions between community schools.

Adek chairman Dr Ali Al Nuaimi said the classes and competitions will help strengthen the relationship between schools and their neighboring communities.

“The school in the evening will be like a community centre or a hub to serve the community in different aspects, and one of them involves the Abu Dhabi Sports Council,” said Dr Al Nuaimi. “It is enabling the school to play a different role related to integrating with the community. The school will have a role that will play in the evening and during the holidays as a base for the community in different aspects, one of them being sports.”

Since 2015, Adek has purpose-built or refurbished 15 community schools.

“Our plan over the next two years is to have about 50 community schools,” said Dr Al Nuaimi.

Adek and the sports council are also working on delivering special sports and other after-schools recreational programming during Ramadan, which this year is expected to be celebrated from mid-May to mid-June.

For more information about the community schools or to register for classes, visit www.adek.abudhabi.ae or call 800-555.

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FA Cup fifth round

Chelsea v Manchester United, Monday, 11.30pm (UAE), BeIN Sports

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Winner Good Tidings, Antonio Fresu, Musabah Al Muhairi

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
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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Pearls on a Branch: Oral Tales
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Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

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Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

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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.

“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.”

Game Changer

Director: Shankar 

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

Rating: 2/5