GLASGOW // Cycling gets underway at the Commonwealth Games today with a large number of world-class riders spread across track, road, mountain bike and the new games discipline of para-cycling.
Track cycling will be one of the highest-standard competitions held at Glasgow with world-championship-level fields in many of the events.
Some of the world’s fastest men and women on two wheels will line up on the 250-metre track at the Sir Chris Hoy Velodrome to pedal for individual and team supremacy.
Read more: Top 10 athletes to watch at Commonwealth Games
Although the six-time Olympic champion Hoy will not compete on the track that bears his name, plenty of top-class competitors will be competing in the 17 events at the venue.
The Glasgow Games were given a boost when England’s Sir Bradley Wiggins announced he would compete, though his earlier ambitions to ride both indoors and outdoors have been pared back to competing in the team pursuit.
The 2012 Tour de France winner has not competed on the track since 2008, but he said he quickly felt comfortable there and decided to pass on riding in the road time trial.
England’s golden couple Jason Kenny and Laura Trott will prove hard to beat on the track.
Trott, the double Olympic champion and recently crowned 2014 British National Road Race champion, will be targeting the endurance track events, including the individual pursuit, points and scratch races.
The Olympic champions Dani King, Joanna Rowsell, Ed Clancy, Steven Burke and Philip Hindes are also in England’s line-up.
Hoping to make headlines in the endurance events will be Scotland’s Katie Archibald, who in recent months has gone from a virtual unknown to a world and European champion in the team pursuit.
Archibald, 20, is also expected to compete in the time trial and road race, giving her five medal opportunities. Australia dominated the cycling events at the Dehli Games in 2010, taking 14 gold medals from 18 events.
Four-time track cycling world champion Anna Meares will be a favourite to retain her 500m time trial and individual-pursuit titles.
The Australian, 30, is a reigning Olympic and triple Commonwealth Games gold medallist and will compete in the sprint events.
One of her main challengers could be teammate Steph Morton, who has previously found success at the Paralympics, winning gold as a sighted guide in London in 2012,
New Zealand’s men will be hoping to break a 12-year gold drought. One of the favourites to bring this run to an end for the Kiwis is Simon van Velthooven, who has a good chance in the keirin, in which he won Olympic bronze in 2012.
The road time trials take place on July 31, only four days after the Tour de France ends, and the road race is on August 3.
The proximity to the Tour predictably has impacted on who will compete in the men’s road race.
However, Australia will still have plenty of muscle to flex in the men’s cycling event, despite missing several big names.
Rising star Caleb Ewan, lead-out specialist Mark Renshaw and all-rounder Simon Clarke will be the main riders in the seven-man team.
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
PAKISTAN SQUAD
Abid Ali, Fakhar Zaman, Imam-ul-Haq, Shan Masood, Azhar Ali (test captain), Babar Azam (T20 captain), Asad Shafiq, Fawad Alam, Haider Ali, Iftikhar Ahmad, Khushdil Shah, Mohammad Hafeez, Shoaib Malik, Mohammad Rizwan (wicketkeeper), Sarfaraz Ahmed (wicketkeeper), Faheem Ashraf, Haris Rauf, Imran Khan, Mohammad Abbas, Mohammad Hasnain, Naseem Shah, Shaheen Afridi, Sohail Khan, Usman Shinwari, Wahab Riaz, Imad Wasim, Kashif Bhatti, Shadab Khan and Yasir Shah.
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
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On sale: Now
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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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.”
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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MATCH INFO
Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')
Leeds United 0
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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